Tag: Shell

Shell gets EU go-ahead to acquire First Utility
Energy

Shell gets EU go-ahead to acquire First Utility

Shell has received the go-ahead of the European Commission for the proposed acquisition of First Utility. It would be recalled that in December, Shell released a statement that said it will buy 100 percent of independent energy provider, First Utility. It said at the time that the deal was set […]

Shell ramps up production at Nigeria’s Bongs oilfield
Energy

Shell ramps up production at Nigeria’s Bongs oilfield

Royal Dutch Shell has provided an update on its Bonga Oilfield, one of its major production assets in Nigeria. According the information made available to Reuters, production of Nigeria’s Bonga crude oil is “being ramped up gradually” after brief shutdown, a spokesman for Shell Nigeria Exploration and Production company (SNEPCo) […]

Why Shell wants to focus on profit in 2018
Energy

Why Shell wants to focus on profit in 2018

Global oil producers, Royal Dutch Shell have made it clear that the company is now more focused on profitability, Chief Executive Ben van Beurden said on Thursday. Shell trimmed upstream operations, offloaded non-core businesses and snapped up gas-focused BG Group in 2016 for £47bn as it moved to shield itself […]

Shell discovers oil in deep-water Gulf of Mexico
Energy

Shell discovers oil in deep-water Gulf of Mexico

Shell Offshore Inc., a subsidiary of Royal Dutch Shell said one of its largest U.S. Gulf of Mexico exploration activity has discovered oil in the deep-water well. Shell said in the statement that the well encountered more than 1,400 net feet (427 meters) of oil bearing pay. Evaluation of the […]

Groups wants more time to review Shell pipeline project
Energy

Groups wants more time to review Shell pipeline project

Environmental groups closely-interested in the Shell pipeline project said they need more time to review the location of the projects that will send gas to its petrochemical plant under construction in Beaver County. FracTracker Alliance announced yesterday its own environmental study of the route of the 97-mile Falcon Pipeline through […]