Shell News

SLB signed a strategic collaboration agreement with Shell to develop digital and AI solutions that drive measurable performance and efficiency gains across upstream operations for the company and the wider industry.The collaboration has the ambition to develop agentic AI-powered solutions that will accelerate and amplify the capabilities of technical experts and decision makers. The aim is to develop and deploy an open data and AI infrastructure that unifies data and workflows across subsurface…

BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. President Donald Trump's tax cut and spending bill, which he signed into law in July.His administration's plans for offshore leasing are a significant departure from that of his predecessor, President Joe Biden, which had planned…

French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back.Bernard Fontana said the company was considering selling "between 50% and 100%" of its U.S. renewable unit, revising an earlier plan to sell only a minority stake.A deal could value the equity of the unit at nearly 4 billion euros ($4.6 billion)…

Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20 billion.The United States last month imposed sanctions on Russia's two biggest oil companies, Lukoil LKOH.MM and Rosneft ROSN.MM…

Technip Energies Loading Systems has secured a contract to supply three fully electric marine loading arms for phase 2 of the Northern Lights CO2 transport and storage project in Øygarden, Norway.The loading solution will be installed at the new Northern Lights jetty and will consist of three marine loading arms fully qualified to transfer liquefied CO2.For this second phase, Technip Energies Loading Systems will deliver a fully electric design, a first-of-a-kind eliminating the use of hydraulics and setting a new industry benchmark in terms of operability…

Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.The world's largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United States, where LNG capacity is set to almost double over the next four years. It has already signed deals with other U.S.

Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031. During the third quarter of 2025 the company completed the wind turbine installation vessel Charybdis and the offshore substations Greater Changhua 2b and 4…

As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers. In the past year, the Baker Hughes overall count of U.S. rigs working has declined. September 2025’s U.S. Rig count of…

LNG Canada has started production of liquefied natural gas at the second of its two processing units, known as Train 2, the company said.Both trains at the Shell-led project in Kitimat, British Columbia - each with a capacity of 6.5 million metric tons per annum - are now operational, a spokesperson told Reuters.LNG Canada is the first major LNG export facility in Canada and the first on the west coast of North America that provides direct access to Asia, the world's largest market for the liquid fuel.

Shell Marine has launched a new technical service, Shell Marine Sensor Service (SMSS), an onboard monitoring service that provides real-time insights into oil and equipment condition, helping shipping operators improve vessel uptime and operational resilience.The new service acts as a “digital deckhand,” continuously monitoring oil condition to help crews manage and maintain equipment across a vessel proactively to prevent unplanned downtime.Designed to detect maintenance issues early, SMSS allows crews to act on them before they become critical.

Executives at two of Europe's top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business with the European Union if it does not significantly loosen a sustainability law that could impose fines of 5% of their global revenue.Exxon CEO Darren Woods told Reuters on the sidelines of the ADIPEC meeting in Abu Dhabi that the EU's Corporate Sustainability Due Diligence Directive would have "disastrous consequences" if adopted in its current form.The…

On the afternoon of March 8, a petroleum tanker named Torm Agnes entered the Port of Ensenada on Mexico’s Pacific coast carrying almost 120,000 barrels of diesel.Such a vessel was a rare sight in that port, which mainly hosts cruise liners, luxury yachts and container ships. Ensenada lacks the infrastructure needed to unload cargos of flammable hydrocarbons safely – making what happened later that day odder still.Waves of fuel-hauling trucks rolled up to the dock to cart away much of the Torm Agnes’ load.

Norwegian subsea services firm Reach Subsea has been granted a trading permit to operate its Reach Remote 1 Uncrewed Surface Vessel (USV) entirely through remote operations - without a support vessel.The permit was issued by the Norwegian Maritime Authorities, with technical validation and support from DNV. Reach Remote 1 has already been in full commercial operation, and this permit initiates the final phase towards full certification.This is the first approval of its kind for an USV of this size with integrated Work Class ROV capability…

BP has won its arbitration case against Venture Global over the U.S. supplier's failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global said on Thursday.The International Chamber of Commerce International Court of Arbitration found that Venture Global breached its obligations to declare commercial operations had begun at the Calcasieu Pass plant in a timely manner and act as a "reasonable and prudent operator," Venture…

The decision by President Donald Trump administration to halt fully permitted offshore wind energy projects is "very damaging" to investment, President of Shell U.S. Colette Hirstius told the Financial Times in a report published on Sunday.The executive told the newspaper that energy projects with proper permits should be allowed to continue and warned the political pendulum in the U.S. could eventually swing back against the oil and gas sector."I think uncertainty in the regulatory environment is very damaging.

U.S. oil major Chevron is in early-stage talks to explore opportunities in European regasification terminals, as part of its strategy to expand its global presence in the liquefied natural gas market, a senior executive told Reuters.The U.S. has become Europe's top LNG supplier since the continent sharply reduced its imports of Russian gas following Moscow's invasion of Ukraine in 2022.Chevron, which is contracted to export 7 million tons per annum of LNG from the U.S. starting in 2026, has significantly ramped up its LNG trading operations.

Scotland’s largest Energy Transition Skills Hub, a $13.3 million facility featuring a welding academy, advanced manufacturing zone and digital training suites, was officially opened in Aberdeen on Monday by First Minister John Swinney.The Hub is the anchor project of the Skills Campus in the city’s Energy Transition Zone and will support 1,000 people into jobs focused on energy transition in its first five years.The facility has been handed over from ETZ Ltd, which led its delivery, to North East Scotland College (NESCol).

After developing the technique some five years ago, Aker Arctic has now completed the research required to get its new design methodology for icebreaker hulls accepted into the Finish-Swedish Ice Class Rules. The method has also been adopted to Polar Class rules of several Class Societies (LR, ABS, DNV).Although the research focused on vessels typically sailing the Baltic Sea, Aker Arctic has also used the methodology in many of its recent newbuilding designs including, for example, Canada’s new icebreaker which is currently under construction.

Singapore's Aster Chemicals and Energy is investing $125 million to upgrade its single buoy mooring and pipeline infrastructure near the Bukom refinery, aiming to restore direct crude deliveries and extend the facility's operational lifespan.The company said on Tuesday that the upgraded pipeline is projected to provide more than 20 years of reliable service.Other facilities are expected to continue operating normally during the upgrade, which targets completion in 2026, a spokesperson said in reply to a Reuters query.These engineering contracts were awarded to Allseas and DOF…

The Panama Canal Authority (ACP) has launched the concessionaire selection process for a natural gas pipeline project, holding its first market engagement event with more than 45 representatives from global energy companies.The 76-kilometre pipeline, with a planned transfer capacity of up to 2.5 million barrels per day, will connect maritime terminals on the Atlantic and Pacific coasts. It forms the cornerstone of a new interoceanic energy corridor designed to strengthen Panama’s…

Egypt has signed four agreements with international firms worth more than $340 million to explore oil and gas in the Mediterranean and Nile Delta, the Petroleum Ministry said on Saturday.The deals, signed by the state-owned Egyptian Natural Gas Holding Company (EGAS), provide for the drilling of 10 wells as part of the ministry's efforts to boost exploration and production.Egypt, once a regional exporter, has increasingly turned to imports to meet rising domestic demand as output declines from aging fields and investment lags in new ones.Gas production in May was 3,545 million cubic metres, do

Reach Subsea has exercised the first in a series of exclusive options with Kongsberg Maritime for the delivery of the next two uncrewed surface vessels (USVs), Reach Remote 3 and 4.The contract terms have been mutually agreed and remain confidential between the parties.Delivery is scheduled for the second half of 2027, marking a key milestone in Reach Subsea’s USV scaling program.The specifications for Reach Remote 3 and 4 will mirror the first two vessels, with targeted adjustments…

The Oil Companies International Marine Forum (OCIMF) celebrated the first anniversary of SIRE 2.0, its updated and enhanced Ship Inspection Report Program.Since its launch on September 2, 2024, following a gradual roll-out to industry to replace the paper-based SIRE (VIQ7) program, over 22,000 SIRE 2.0 inspections have been completed worldwide. SIRE 2.0 inspections have been conducted in 2,100 ports by 460 SIRE 2.0 accredited inspectors, with only 0.2 percent of inspections having…