Shell has agreed to acquire ARC Resources for $16.4 billion, strengthening its position in the Montney shale basin across British Columbia and Alberta, and expanding its presence in one of North America’s most prolific energy resource plays.
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported.
Exxon Mobil TotalEnergies and Shell are among the companies with more exposure to disruptions in oil and gas production due to the US-Israel war with Iran, analysts said in research notes.
Shell Brasil has increased its stakes in Brazil’s pre-salt Atapu and Mero offshore projects in the Santos Basin, acquiring additional equity through a Pré-Sal Petróleo auction, raising its interests to 16.917 per cent in Atapu and 20 per cent in Mero.
DNO, the Norwegian oil and gas operator, has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell effective January 2026 and secured related offtake financing facilities for up to $410 million.
Shell UK and Equinor UK have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today (December 1), will be the largest independent producer in the UK North Sea.
Adnoc has announced a 15-year Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of Shell, for the delivery of up to 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG).
Shell Nigeria Exploration and Production Company (SNEPCo) and Sunlink Energies have finalised investment in the HI gas project offshore Nigeria. The project will supply 350 million standard cubic feet of gas daily at peak production to Nigeria LNG, enhancing global liquefied natural gas exports.
Spanish energy company Moeve has become the first external supplier of sustainable aviation fuel (SAF) to join Shell's blockchain-based platform for scaling SAF use.
Vallourec, a leader in premium seamless tubular solutions, has secured a contract with Shell, following a competitive bidding process. The agreement covers the supply of OCTG (Oil Country Tubular Goods) products and services for Shell’s offshore operations in the development of the Orca project, formerly known as Gato do Mato.
