Shell and BG to receive $400 million of dues by end of June
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 […]
Video: Shell CEO Ben van Beurden interview with ABC News 24, Australia
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, […]
OTC 2016: Shell executive offers insight on forging a world-leading supply chain
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 […]
Eni plans a further exploration well at Zohr to target deeper horizon
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 […]
Ministry of Petroleum to allow BG to export liquefied gas through ADCO
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 […]
Egyptian Oil Ministry refutes reports on BG suspending development projects
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 […]
BG demands Egyptian government to raise gas price to $7 per million BTUs
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 $ […]
BG Egypt suspends some development wells over price dispute – source
BG Egypt has suspended work at some Egyptian development projects after it failed to agree with the government on the price of gas, an Egyptian General Petroleum Corp (EGPC) official told Reuters on Tuesday. “BG has stopped work at 9A+ and 9B after failure to reach an agreement on the fixed price to be paid […]
Apache With Shell Eye Egypt for Unconventional Gas in June
Partners to drill first well this month at Western Desert site Egypt seeking to boost gas output to meet rising local demand Apache Corp. and Royal Dutch Shell Plc plan to start producing unconventional gas from their joint venture in Egypt’s Western Desert by the end of June even as Apache is cutting investment in […]
Video: Finding and producing tight or shale oil and gas (Shell)
See the full life cycle of a tight or shale oil or gas well. We walk through planning and building a pad, exploring for oil and gas, developing a location and producing oil or gas. You’ll see how we drill and hydraulically fracture a tight oil or gas well, and what a producing pad typically […]