Royal Dutch Shell Group .com Rotating Header Image

Shell North Sea

Shell Nearly Sold Its Norwegian Oil And Gas Assets In Late 2022

oilprice.com

Shell Nearly Sold Its Norwegian Oil And Gas Assets In Late 2022

By Tsvetana Paraskova – Jan 10, 2023, 8:00 AM CST

Shell held talks last year with the biggest UK North Sea producer Harbour Energy to sell its oil and gas fields offshore Norway and some mature assets offshore the UK, but a deal ultimately couldn’t be reached due to price volatility, company sources told Reuters on Tuesday.

Shell, as well as other majors, have worked in recent years on streamlining asset portfolios to focus on the most profitable projects. Back in 2021, Shell said that its oil production peaked in 2019 and is set for a continual decline over the next three decades as it looks toward the renewables side of the business. Shell said its carbon dioxide emissions also likely peaked—a year earlier, in 2018. 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 in talks with Government as ministers consider new windfall tax

The Telegraph

Shell in talks with Government as ministers consider new windfall tax

Oil and gas giant did not pay any tax in Britain, despite an existing windfall scheme

By Rachel Millard: 27 October 2022 • 5:48pm

Shell is in talks with the Government as ministers consider a fresh windfall tax on oil and gas companies to help fill a £35bn black hole in the public finances.

Ben van Buerden, chief executive of the oil and gas giant, said he accepted the case for higher taxes after the industry was boosted by surging fossil fuel prices following Vladimir Putin’s invasion of Ukraine. 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 gets green light for biggest North Sea oil project in decades

The Telegraph

Shell gets green light for biggest North Sea oil project in decades

Jackdaw field expected to start production in 2025

Shell is to develop one of the biggest North Sea gas projects in years after winning approval from regulators as the Government scrambles to bolster domestic energy supplies. 

The FTSE 100 company’s Jackdaw project is set to produce about 6.5pc of Britain’s gas output with Shell aiming to start production by the second half of 2025. 

Shell’s plans for the field were initially knocked back by environmental regulators last year but have been approved after they were revised.

The Government wants to cut the use of fossil fuels in the long term but is also under pressure to bolster domestic supplies after Russia’s invasion of Ukraine sent international oil and gas markets into turmoil.

Kwasi Kwarteng, the Business Secretary, tweeted on Wednesday: “Jackdaw gas field – originally licensed in 1970 – has today received final regulatory approval. 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 says windfall tax threatens North Sea oil and gas investment

The Guardian

Shell says windfall tax threatens North Sea oil and gas investment

Alex Lawson Energy correspondent: Fri 27 May 2022

Shell has said Rishi Sunak’s windfall tax is a threat to investment in North Sea oil and gas as Britain attempts to ramp up domestic energy supplies.

The chancellor yesterday announced an “energy profits levy” on oil and gas operators that he hopes will raise £5bn to help fund a support package for households.

Sunak also introduced measures to encourage investment into UK energy supplies, with tax breaks worth 91p for every £1 invested. 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 and BP set for bumper payouts despite windfall tax threat

THE SUNDAY TIMES

Shell and BP set for bumper payouts despite windfall tax threat

01 May 2022

BP and Shell are set to unveil bumper payouts for shareholders this week as the government threatens to levy a windfall tax if the oil giants do not reinvest profits into the North Sea and clean energy projects.

At BP’s first quarter results this Tuesday, analysts from RBC expect the £77 billion company to announce a $1.5 billion (£1.2 billion) share buyback off the back of first-quarter profits of $5.1 billion. RBC said political pressure meant BP would likely wait until later in the year to ramp up payouts, forecasting share buybacks of $4.75 billion over the following two quarters. 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’s QGC JV plans for new gas drilling phase in Australia

February 9, 2022

OFFSHORE TECHNOLOGY

Shell’s QGC JV plans for new gas drilling phase in Australia

Shell has announced that its Queensland Gas Co. (QGC) joint venture (JV) plans to enter a new drilling phase for natural gas, onshore Queensland, Australia.

The work will be carried out together with JV partners China National Offshore Oil Corporation (CNOOC), and Japan’s Tokyo Gas. Shell is the operator and holds a majority interest in the QGC venture.

Between 2022 and 2024, the QGC will drill approximately 145 new gas wells in the Western Downs region of Queensland. 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.

North Sea gas: Government balancing on environmental tightrope as Shell plans drilling in Jackdaw field

sky news

North Sea gas: Government balancing on environmental tightrope as Shell plans drilling in Jackdaw field

: Climate change correspondent

Tuesday, 11 Jan 2022

Deep in the North Sea, 150 miles directly east of Aberdeen, lies an enormous and as yet undrilled gas field called Jackdaw.

Its owner Shell has described the field as “critical” to its North Sea strategy.

In October 2021 the government’s environmental regulator for the offshore fossil fuel industry rejected Shell’s plans to drill on as-yet unspecified environmental grounds.

But Europe’s largest oil and gas group isn’t giving up, submitting revised proposals and, as a spokesperson told Sky News, continuing to “work with the regulator to explore options around developing the Jackdaw 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 buys BP’s stake in North Sea field, scrapping previous deal

REUTERS

Shell buys BP’s stake in North Sea field, scrapping previous deal

LONDON, June 25 (Reuters) – Royal Dutch Shell (RDSa.L) said on Friday it had agreed to acquire BP’s (BP.L) 27.5% stake in the Shearwater North Sea gas field, raising its stake in the field to 55.5%.

Reporting by Ron Bousso, editing by Louise Heavens SOURCE
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 sees potential in North Sea prospect amid exploration slump in area

The Herald

Shell sees potential in North Sea prospect amid exploration slump in area

By Mark Williamson: Group Business Correspondent: 25 May 2021

ROYAL Dutch Shell has underlined its belief in the potential of a North Sea prospect that was brought to its attention by a relative minnow.

North Sea-focused Deltic Energy announced yesterday that Shell has appointed contractors to complete site survey work on the Pensacola prospect in preparation for the firms drilling a well on it.

FULL ARTICLE
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.

North Sea oil and gas minnow wins vote of confidence from Shell

North Sea oil and gas minnow wins vote of confidence from Shell

By Mark Williamson 

Group Business Correspondent

NORTH Sea oil and gas minnow Deltic Energy has seen its shares rise around eight per cent after the company won a fresh vote of confidence from the mighty Royal Dutch Shell.

Shell has decided to go ahead with a plan to drill a well with Deltic, on a prospect that has generated lots of excitement.

The companies have confirmed to the North Sea regulator that they have made a firm commitment to drill a well on the Pensacola prospect, which is set for next year. 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.

Aberdeen job cuts loom as Shell retrenches in North Sea

Aberdeen job cuts loom as Shell retrenches in North Sea

By Mark Williamson : Group Business Correspondent

ROYAL Dutch Shell has announced plans to cut around 330 jobs in its UK North Sea oil and gas business which is run from Aberdeen.

The cuts will reduce total employee numbers in the Anglo-Dutch giant’s North Sea business to around 1,000.

It is understood the bulk of the cuts will affect office-based roles in Aberdeen.

The cuts are being made under a programme initiated by Shell amid the oil price plunge that was triggered by the coronavirus crisis. 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 postpones North Sea seismic job due to fishing, environmental concerns

Shell postpones North Sea seismic job due to fishing, environmental concerns

Shell has postponed a 3D seismic survey in the UK North Sea after weighing up the impacts on fishing businesses and the environment. By Mark Lammey: 06/01/2021, 7:45 am Partner Egdon Resources said the survey of the Resolution and Endeavour gas discoveries would take place in February 2022, rather than in the first quarter of this year.

Operator Shell made the decision following “extensive stakeholder engagement” and the revision of the environmental impact assessment.

The oil giant concluded that the commercial impact on local fishing businesses, along with potential impacts on marine mammalian movements, the breeding season for sea birds and tourism, meant it would be better to do the work in February.

The survey had originally been scheduled for March or April 2021. 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.

Workers removed from North Sea platform after colleague tests positive for Covid-19

Workers removed from North Sea platform after colleague tests positive for Covid-19

More than a dozen workers have been removed from a North Sea platform after a colleague tested positive for Covid-19.

Energy giant Shell confirmed that a crew member, who was demobilised from the Nelson platform on Friday, subsequently tested positive for the virus.

Contact tracing then found another 14 people had come into close contact with the individual, who were all removed from the installation on Sunday as a precaution. 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 begin seismic work on North Sea gas discoveries next year

Shell to begin seismic work on North Sea gas discoveries next year

:

It comes as the energy giant took over operatorship of the licences from Egdon Resources, farming in with 70% interest in both.

Under the deal, Shell will pay 85% of the costs for acquiring and processing the 3D seismic survey, which needs to completed by May 31 2021 under the terms of the licenses.

Shell will meet these costs up to $5million, at which point Egdon will be responsible for 30% of survey. 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.

North Sea firms must dig deep to find diverse workforce, Shell top manager warns

North Sea firms must dig deep to find diverse workforce, Shell top manager warns

: 07/02/2020, 6:00 am

North Sea firms must dig deeper into the talent pool to find “unicorns” within the workforce, a Shell plant boss warned yesterday.

Teresa Waddington, natural gas liquids plant manager for Shell in Fife, said operators and contractors wanting to be diverse and inclusive should target people who might not ordinarily apply and were currently “invisible” to employers.

She called on the north-east oil and gas sector to “redress the balance and really champion diversity”.

She added: “As a manager I write a job description for a unicorn and then I pick from a stable of horses – that’s the reality of it.

“A lot of people count themselves out when they don’t meet the unicorn job description in the first place. 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 wins court case to stop activists boarding North Sea rigs

Wednesday 04 December 2019

Energy company Shell has won a court order to prevent activists from boarding installations in the North Sea.

The company secured an interim interdict against Greenpeace at the Court of Session in Edinburgh on Wednesday.

Shell began the action after environmentalists spent the night on its Brent Alpha and Bravo platforms in October to campaign against leaving parts of them in the sea. The Brent Field is situated 116 miles off the coast of Lerwick, Shetland, midway between the Shetland Isles and the coast of Norway. A Shell spokesman said: “Shell sought this court order only to prevent protesters breaching the statutory 500-metre safety zones around platforms in the Brent field, putting themselves and Shell staff at risk.

“We wholeheartedly support the right to protest peacefully and safely.

“We’re pleased this decision recognises that the existing legal safety zone should be respected by campaigners.”

Shell said of the four Brent platforms, only one – Brent Charlie – is now manned, from which Shell staff could be required to give urgent assistance to any protesters in the event of an emergency but this would also put their teams at risk. 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.

Brent Oil Set to Disappear as Crude-Price Benchmark Lives On

Royal Dutch Shell is set to plug its last remaining Brent oil wells in the North Sea next year

By Sarah McFarlane: Dec. 2, 2019 6:06 am ET

The world’s most famous oil and gas field—and the backbone of global crude pricing—has dried up. Soon the Brent benchmark will have no Brent oil. Royal Dutch Shell PLC is expected next year to plug the last remaining Brent oil wells, located in the North Sea’s East Shetland Basin, about 115 miles northeast of Scotland’s Shetland Islands. The closures mark the end of an era, as the industry shifts its focus to smaller oil finds near existing infrastructure. FULL WSJ ARTICLE (PAYWALL) 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 brings in Ocean Endeavor for drilling work at Fram field

Shell brings in Ocean Endeavor for drilling work at Fram field

Drilling work is set to begin today and should last up to 110 days, according to the latest Kingfisher Bulletin from the Seafish non-departmental public body.

The Fram field, operated by Shell, lies 136 miles east of Aberdeen.

Shell UK and Esso Exploration and Production UK have stakes of 32% and 68% respectively.

Diamond Offshore’s third quarter results announced the deal with Shell was part of a £70 million backlog of North Sea contracts that included work for its Ocean Patriot and Ocean GreatWhite drilling rigs with Apache and Siccar Point, respectively. 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.

Greenpeace activists climb Shell North Sea platform saying ‘clean up your mess’

Greenpeace activists climb Shell North Sea platform saying ‘clean up your mess’

By Ron Bousso: Reuters: October 14, 2019

By Ron Bousso

LONDON (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down.

Pictures provided by Greenpeace show two people in yellow hats scaling one of two giant, rusty structures and unfurling a banner reading “Clean up your mess, Shell!”

Shell confirmed that protesters boarded the Brent Alpha platform and the Brent Bravo concrete legs. 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 eyes North Sea oil and gas developments amid drive to go green

Shell eyes North Sea oil and gas developments amid drive to go gree

By Mark Williamson Group Business Correspondent

THE head of Royal Dutch Shell’s UK business has said the oil giant is set to approve more developments in the North Sea amid calls from activists for curbs on activity to help tackle climate change.

UK country chair Sinead Lynch said Shell is looking at projects across its North Sea heartlands. The firm thinks it can generate good returns in the area while supporting the effort to reduce carbon emissions in the UK to zero, net of amounts absorbed.

“The North Sea for us is definitely an area where we want to continue to play,” said Ms Lynch, who reckons Shell could be in the area for decades. 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 ‘absolutely’ looking at big Scottish North Sea offshore wind projects

Shell ‘absolutely’ looking at big Scottish North Sea offshore wind projects

Ms Coleman was representing Shell at Offshore Europe in Aberdeen yesterday to outline her firm’s plans to move to lower carbon and renewable energy in the UK.

She spoke about Shell’s work in developing carbon capture and storage in Peterhead, alongside its plans for hydrogen and electric vehicles.

But she added that her firms “focus” is offshore wind deployment in the UK.

Asked about the Scottish North Sea, Ms Coleman said: “We’ll need to look at what acreage the Crown Estate Scotland puts out to bid and decide which blocks we want to bid on. 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.