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Tag: Shell

Shell plans drilling of 33 wells in BAPETCO concessions in 2016/2017

Posted: June 26, 2016 at 8:18 pm   /   Oil & Gas

Dutch company Shell targets drilling 33 wells in its concession areas that are operated by Badr El Din Petroleum Company (BAPETCO) during the next fiscal year (FY). The plan includes 19 wells to develop gas production, 10 wells to inject water into, and 4 wells to explore for gas. A senior source in the petroleum […]

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Video: Royal Dutch Shell plc provides an update on the company and strategy

Posted: June 8, 2016 at 6:51 pm   /   Oil & Gas

Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, provided an update on the company and strategy on June 7, 2016 during the Shell capital markets day in London, United Kingdom. More information on http://www.shell.com/investor (Source: Shell)

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Shell, Apache & Petroleum Ministry agree on Apollonia field shale gas price

Posted: June 2, 2016 at 2:54 pm   /   Oil & Gas

• The new agreement decided on $4.6 per 1m thermal units instead of $2.9. • Apache completed drilling two horizontal wells in the limestone layers of the Western Desert. Dutch company Shell and the American Apache have agreed with the Ministry of Petroleum on the price of the gas in the limestone layers at Apollonia […]

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Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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Video: Shell CEO Ben van Beurden interview with ABC News 24, Australia

Posted: May 8, 2016 at 10:43 am   /   Oil & Gas

Australian broadcaster ABC News 24’s Ticky Fullerton spoke to Shell CEO Ben van Beurden in Perth on the sidelines of the 18th International Conference & Exhibition on Liquefied Natural Gas (LNG 18), on April 12, 2016. Ben discussed the challenges created by oversupply and increased volatility in the oil market, the importance of becoming cost-competitive, […]

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OTC 2016: Shell executive offers insight on forging a world-leading supply chain

Posted: May 6, 2016 at 7:48 pm   /   Oil & Gas

Low oil prices have increased pressure on the oil and gas industry to improve the capital efficiency of major projects, and examine the supply chain that is vital to their successful execution. That was the message offered by Harry Brekelmans, Projects & Technology Director, Royal Dutch Shell plc, in a presentation entitled “Forging a world […]

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Eni plans a further exploration well at Zohr to target deeper horizon

Posted: May 5, 2016 at 8:11 pm   /   Oil & Gas

Eni plans a further exploration well at Zohr to target deeper horizon identified on seismic data. Eni was awarded the Shorouk Offshore licence in January 2014 as part of the 2012 EGAS licensing round. The acreage had previously been part of the large NEMED block, operated by Shell. Shell shot 7,183 km2 of 3D seismic […]

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Ministry of Petroleum to allow BG to export liquefied gas through ADCO

Posted: April 12, 2016 at 11:11 am   /   Oil & Gas

BG withdrew its oil drills from the Burullus field in February before the company was acquired by Shell. The Ministry of Petroleum vowed to allow British Gas Group (BG), now a subsidiary of Shell, to export liquefied gas through the infrastructure of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO). The decision comes after […]

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Egyptian Oil Ministry refutes reports on BG suspending development projects

Posted: March 24, 2016 at 2:31 pm   /   Oil & Gas

BG Egypt, a subsidiary of BG Group, a UK company recently taken over by Shell, has reportedly stopped work on some Mediterranean Sea projects, offshore Egypt. According to a Reuters report on Tuesday, which cited an official at the Egyptian General Petroleum Corp (EGPC), the company couldn’t reach a deal with the Egyptian government on […]

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BG demands Egyptian government to raise gas price to $7 per million BTUs

Posted: March 22, 2016 at 10:51 pm   /   Oil & Gas

After stopping 9B stage, BG asks government to raise the price of gas to $7 or pay $1bn immediately. BG, a subsidiary of Royal Dutch Shell, is negotiating with Egyptian General Petroleum Corporation (EGPC) to price gas at $7 per million BTUs in the 9B concession area in Egyptian Mediterranean waters. EGPC has offered $ […]

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