Shell, Schneider Electric and Axens have installed an industrial-scale electric tubular heater at Shell’s R3 base oil project in Germany, marking a milestone in refinery electrification. The companies said the technology is Europe’s first industrial-scale installation of its kind.
Shell and Chevron have signed a non-binding agreement with Ghana for production rights to the South Deepwater Tano Cape Three Points oil and gas block, as the West African country seeks to attract investment and reverse declining petroleum output.
bp and Shell have agreed terms for Shell to acquire a 50 per cent stake in the Tupinambá exploration block in the Santos Basin, offshore Brazil, in addition to a 30 per cent stake in five leases containing the Conifer exploration prospect in the deepwater Gulf of America Paleogene.
Shell has completed its acquisition of Canadian energy company ARC Resources in a deal valued at approximately $16.5 billion, adding 370,000 barrels of oil equivalent per day and strengthening its upstream portfolio in Alberta and British Columbia.
Shell has agreed to increase its stake in US convenience store operator and fuel distributor Tri Star Energy from 33 per cent to 100 per cent, strengthening its company-owned retail presence in the southeastern US, particularly around Nashville.
QatarEnergy, alongside its partners Shell and Sonangol E&P signed an agreement with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) pertaining to Blocks 8 and 22 offshore of Angola.
TotalEnergies has unveiled two major European renewable energy transactions, acquiring Shell’s 4 GW renewables portfolio and selling a 50 per cent stake in a €1.8 billion ($2 billion) asset portfolio to KKR as part of its Integrated Power strategy.
Shell has agreed to sell BG Cyprus to MOL Group for up to $720 million, covering its 35 per cent stake in Cyprus Offshore Block 12’s Aphrodite gas field, with produced gas expected to be supplied to Egypt’s Egyptian Natural Gas Holding Company.
Shell Overseas Investment, a wholly owned subsidiary of Shell, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to sell 100% of Solenergi Power Private Limited, which includes the Sprng Energy group of companies, for $1.8 billion.
Shell Offshore has agreed to sell its 50 per cent stake in the Na Kika platform and associated Gulf of America fields, along with the Coulomb tieback, to Talos Energy and Ridgewood Energy subsidiaries for $1.7 billion.
