Energy

Singapore arrests 17 men for theft oil belonging to Shell
Energy

Singapore arrests 17 men for theft oil belonging to Shell

Singaporean authorities have arrested seventeen men have been arrested for misappropriating fuel from Shell Singapore, the police said in a statement later today. The men, aged between 30 and 63, are suspected of misappropriating fuel from Shell’s Pulau Bukom manufacturing site. Shell Singapore had lodged a report in August last […]

Petrofac secures rotating equipment contract with Chrysaor
Energy

Petrofac secures rotating equipment contract with Chrysaor

Petrofac has been awarded a Rotating Equipment Management Services contract in support of Chrysaor’s operations in the UKCS. Under the 12-month agreement, Petrofac will provide fully integrated services across Chrysaor’s Armada, North Everest and Lomond assets in the North Sea. The new contract expands Petrofac’s existing role on the assets, […]

China’s Sinopec to adopt Eni’s EST technology
Energy

China’s Sinopec to adopt Eni’s EST technology

Eni said it has sold the licence and basic engineering project to the Chinese company Sinopec, for the construction of a refining plant based on the Eni Slurry Technology (EST). The plant will be built at the Sinopec refinery in Maoming, in Guandong province. Sinopec, the world’s largest operator in […]

Shell says its future depends on shale oil
Energy

Shell says its future depends on shale oil

Royal Dutch Shell said its oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. According to Reuters, the energy major has inked a deal to offload a stake in a Dutch wind farm. Shell’s share price has […]

Royal Dutch Shell cancels plan to sell Danish unit
Energy

Royal Dutch Shell cancels plan to sell Danish unit

Royal Dutch Shell has just shelved plans to dispose of its unit in Denmark. According to a statement issued earlier today, the $30 billion divestment program is now on hold. Shell said an agreement signed in late 2016 with refiner Dansk Olieselskab terminated without the sale completing and operations would […]