Shell


All posts for Shell

The State of the Industry: Q2 2020 Financial Performance

It is, obviously, unsurprising that the recently released Q2 financials for the oil & gas supermajors contained distressed numbers as the first full quarter of Covid-19 impact washed over the entire industry. To make this change, Looney is looking to shrink BP's oil and gas output by 40% through ...

Hui Shan


Posted 1 month agoLink > SupermajorShellTotal +13

A Tale of Two Divestments: BP & Shell

Two major sales by supermajors have captured the headlines recently: BP's exit from the petrochemicals sector through a sale to INEOS, and Shell reaffirming its desire to sell its 35% stake in the Abadi LNG project in Indonesia. But BP's footprint in the petrochemicals business has been shrinking ...

Hui Shan


Posted 2 months agoLink > ShellIndonesiaChevron +6

The Oil World’s Ongoing Impairments

Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...

Hui Shan


Posted 2 months agoLink > ExxonMobilShellBP +5

Carving out a new identity for oil and gas

As the coronavirus crisis wreaks havoc across the globe, no industry has been safe from its effects. Oil and gas are no exception. April 20 th , 2020 was the first day in history where oil recorded negative prices . Since the beginning of the pandemic there has been a loss of one third of total de ...

Scott Johnson


Posted 2 months agoOpinion > United KingdomBPAustralia +3

CYBERHAWK SECURES FIVE-YEAR MULTIMILLION-DOLLAR SOFTWARE CONTRACT WITH SHELL

 Cyberhawk and Shell sign five-year multimillion-dollar software contract Cyberhawk becomes first and only drone-based operator to be granted full global aviation approval across all Shell facilities Global contract follows successful two-year proof-of-concept at a Shell construction project in ...

Saffron Cummings


Posted 2 months agoPress > Oil and GasNorth SeaOffshore +9

The Future of North West Shelf LNG in Australia Turns

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 2 months agoLink > LNGShellAustralia +4

The (New) Force Behind Upstream Asset Buys

In times of crisis, oil and gas company default to two things: staff layoffs and asset sales. Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, no ...

Hui Shan


Posted 3 months agoLink > ExxonMobilShellBP +9

The State Of The Industry: Q1 2020 Financials

As the Covid-19 slowly but surely eases, the oil and gas industry has released its financial results for Q1 2020. As it were, the Q1 2020 financial results from the five oil supermajors paint a mixed picture. Reducing dividends were a common denominator across the board in the industry, with Nor ...

Hui Shan


Posted 4 months agoLink > ExxonMobilShellBP +6

APAC's Leading Well Intervention Conference Returns

The 6 th Offshore Well Intervention Conference, APAC will return to Kuala Lumpur on June 2-3 2020 , bringing together 250+ senior offshore well professionals for you to network and do business with. With more international operators than ever before who are looking for innovative interventio ...

Erin Smith - Offshore Network


Posted 6 months agoPress > Asia Pacificasia pacAPAC +29

Wrapping Up The Decade - Q419 Financials Of Oil Majors

For ExxonMobil, revenue and net profits were both down by 5%, with the company blaming the ‘tough environment' and depressed margins for its oil, gas, refining and chemicals businesses that will spill into 2020. Although the French company was also affected by slumping natural gas prices, along w ...

Hui Shan


Posted 7 months agoLink > BPShellTotal +4

Current US Drilling Trends and Future Oil Production

Looking at the data of active US oil rigs available from Baker Hughes – which is taken as a proxy for the level of upstream activity in the country – and the US crude production numbers from the EIA shows an evident lag between the two indicators. Between December 2016 and December 2017, when the ...

Hui Shan


Posted 9 months agoLink > GOMGulf Of MexicoBureau of Ocean Energy Management +7

Q319 Financials: Weaker Oil Prices, Weakened Profits

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 10 months agoLink > oil priceShaleUSA +5

The World’s Top 10 Offshore Oil & Gas Projects

More recently, in July, Rystad Energy said that this year's offshore oil and gas project sanctioning had already exceeded US$50 billion in commitments, signalling that the industry has the potential to reach US$123 billion in project commitments, surpassing the US$78-billion worth of projects sanc ...

Hui Shan


Posted 1 year agoLink > OilgasOffshore +10

The Gulf of Mexico Keeps Drawing Interest

Of that (relatively large) portion, a fraction was leased in the recent US Gulf of Mexico Lease Sales 253. The results of the US Gulf of Mexico Lease Sales 253 shows that the industry is cautiously optimistic that this won't happen. Main Bids for US Gulf of Mexico Lease Sale 253

Hui Shan


Posted 1 year agoLink > GOMGulf Of MexicoBureau of Ocean Energy Management +7

Are oil companies doing enough for local fishing communities?

Oil, especially upstream, is a tough business and potentially impacts not just on the environment but also on communities. There is a tendency to think that oil companies don't do enough to counter the fears of local people. But is that really true? Outside of the oil business, companies, and thei ...

Scott Johnson


Posted 1 year agoOpinion > OilFishingCSR +2