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...But the facility — for which the planned capital expenditure has not been announced — could be shelved if the Atlantic Shores, a project planned by Shell and EDF Renewables offshore New Jersey, does not...
...The field is rich in gas and lies offshore in Venezuelan waters close to Trinidad and Tobago. BP is also said to be interested in natural gas opportunities in the area....
...Candidates include Shell, Total and Chevron, which are all drilling, or planning to drill, in the same Orange oil basin....
...Inevitably, the successes of Total, Shell and Galp will encourage large oil companies to direct more investment into exploration....
...new skills, new sectors, at the same time as we’re trying to run the offshore E&P [oil and gas exploration and production] industry”....
...After all, it’s these anonymous shells that serve as the bedrock for almost all offshore networks, helping strip identifying information from the dirty money in question....
...However, it avoided the writedowns taken on offshore wind projects in the past week by rivals BP and Equinor and specialist Ørsted, whose shares fell 26 per cent on Wednesday....
...Octopus’s household retail supply arm is on course to become the UK’s second-largest household energy supplier, with 6.5mn customers, after it bought Shell’s household supply arm this year, with the deal...
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...Total and Shell have meanwhile climbed 31 per cent and 21 per cent respectively. Some of BP’s investments in offshore wind — in particular the US — have looked misguided....
...Shares in Portuguese company Galp are up a quarter this week after it reported a huge oil find offshore of Namibia. (Lex had previously written about the potential in Namibia here)....
...more likely than any other group to say climate change is an emergency, according to a 2021 UN study, while Pew Research polling shows 66 per cent of Generation Z Americans, born after 1996, oppose new offshore...
...The delivery from Shell’s trading arm of 1mn barrels from one of Nigeria’s offshore fields represents the first tranche of 6mn barrels of crude due to be supplied to the facility from a range of suppliers...
...Middleton and Wong can try to persuade Evergrande’s mainland entities to strike a deal with offshore creditors....
...And offshore projects starting now might not come online until 2050. Only the wealthiest nations and companies can afford such risk....
...And chatter continues about the prospect of a seismic Shell-BP tie-up, though as my colleague Tom Wilson has pointed out, Shell’s new boss Wael Sawan has insisted big acquisitions are not a priority between...
...With draft legislation before Congress for both H2 and offshore wind (Brazil does not yet have any turbines installed in the sea), the coming months could provide crucial regulatory developments....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...Copenhagen-listed Ørsted, which last month announced that it would cut as many as 800 jobs and withdraw from key offshore wind markets in Europe, received up to $100mn to produce hydrogen-derived alternative...
...Brostrøm’s role will be split between three other Shell executives across Europe, Asia and offshore wind: Greg Joiner, Ajay Shah and Mike Parker....
...Shares in BP, Shell, ExxonMobil and Chevron were all largely unchanged by late Wednesday afternoon in London....
...offshore gasfield since 2010....
...Ellison’s bid would also add a deep bench of media operators including former NBCUniversal chief Jeff Shell, who would run broadcaster CBS as well as Paramount’s cable networks, which include MTV and Nickelodeon...
...In Scotland, ScotWind, the first round of offshore wind leasing for a decade, through which companies including Shell, Scottish Power and SSE have been awarded contracts, aims to provide about 28GW of offshore...
...As oil majors conclude that the hassles are no longer worth it, they are turning to more profitable and less-fraught offshore assets....
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