Global

Exxon acquires exploration assets offshore Ghana
Energy

Exxon acquires exploration assets offshore Ghana

Exxon Mobil said it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamentary ratification. Exploration activities, including acquisition of seismic data and analysis, are expected to commence later in 2018. […]

Energy

Shell signs five year solar deal in UK

The European unit of Royal Dutch Shell, Shell Energy Europe and British Solar Renewables (BSR) have both agreed on a five-year supply deal. According to Reuters News, the deal is for power generated from Britain’s second-largest solar power plant in Bradenstoke, BSR said in a statement. The plant consists of […]

Energy

Shell and BP agree to buy Libyan Oil

Royal Dutch Shell Plc and BP Plc have agreed to buy Libyan crude, underscoring how the North African country’s recovering production and improving security are enticing some of the world’s largest oil companies. Shell’s deal with Libya’s National Oil Corp. was the first of its kind since 2013 and Europe’s […]

Shell castigated over North Sea platform leak
Energy

Shell castigated over North Sea platform leak

Shell has been has been reprimanded by health and safety authorities following a gas leak on the Brent Bravo platform in November. The Health and Safety Executive (HSE) said Shell has failed to “prevent the uncontrolled release of flammable or explosive substances”. Its inspector accused the oil major of failing […]