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February 3rd, 2022:

Shell delays expansion work at Nigeria’s Bonga oil field by two years: sources

S&P Global/Platts

Shell delays expansion work at Nigeria’s Bonga oil field by two years: sources

Shell has delayed expansion work at its Nigerian offshore Bonga field by another two years, dealing a major blow to the West African country’s quest to grow its crude production after a series of technical and operational setbacks, sources close to the project said Feb. 2.

t was only in May 2021 that Shell, along with its partners, signed a deal with state oil company Nigerian National Petroleum Company Ltd (NNPC) in the deepwater oil block Oil Mining Lease 118, clearing the path to a major expansion of the country’s Bonga oil and gas field. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell to hand £6bn to shareholders as oil and gas prices soar

London Evening Standard

Shell to hand £6bn to shareholders as oil and gas prices soar

The business said profits have risen dramatically in the last few months.

By August Graham: 3 Feb 2022

It has been a bumper three months for energy giant Shell, which managed to increase its profits nearly fourteen-fold amid soaring oil and gas prices.

As prices surged, the company’s upstream unit was able to collect 8.88 dollars for every thousand cubic feet of gas it sold to customers over the last quarter of 2021.

Just six months earlier gas had been selling for 4.31 dollars, less than half of its most recent level. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Is Betting Big On Namibia’s Oil Boom

OILPRICE.COM

Shell Is Betting Big On Namibia’s Oil Boom

While all recent oil exploration attention has been on Exxon’s (NYSE:XOM) massive string of discoveries in Guyana, another giant player and a junior explorer are shifting to focus toward what may be the next up-and-coming oil hotspot …

It’s Namibia–a country that’s never produced a barrel of oil.

We don’t hear much about new oil discoveries these days. Onshore discoveries are almost unheard of because nearly everything except the African final frontier has been explored. Offshore discoveries are few and far between. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.