Energy

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 […]

Singapore uncovers criminal links stealing oil from Shell
Energy

Singapore uncovers criminal links stealing oil from Shell

As a follow up to the Shell oil theft saga, Singapore authorities say they have uncovered a complex, cross-border scheme to steal large quantities of oil from Shell’s biggest refinery. Their investigations have so far entangled several international companies in incidents going back months. Fourteen men face charges, the latest […]

ExxonMobil Encounters Hydrocarbons Onshore Papua New Guinea
Energy

ExxonMobil Encounters Hydrocarbons Onshore Papua New Guinea

ExxonMobil said it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea. “We are currently evaluating the well results and together with our co-venture partners will assess the P’nyang field resource potential and development pathway,” said Liam Mallon, president of ExxonMobil […]