Shell has booked its largest-ever loss of USD 21.7 billion as a result of the corona crisis. Large write-offs during the first lockdown already resulted in the largest quarterly loss in the company’s history. Shell...Read more
Shell will cut 7,000 to 9,000 jobs as part of a large-scale business transformation aimed at making the company sustainable. The oil major wants to grow its chemicals and biofuels production while also looking at...Read more
Royal Dutch Shell is preparing a major reorganization in response to the new oil crisis, which sees the company write off at least 20 billion dollars in assets in the previous quarter. “We will likely...Read more
PRESS RELEASE – Allseas’ heavy lift vessel Pioneering Spirit has completed its first decommissioning job of this summer, the single-lift removal of Shell UK’s Brent Alpha platform from the North Sea. Read more
Faced with the coronavirus and the crude price collapse, oil and chemical companies are drastically scaling back capital investments to preserve cash. Most major companies have announced multibillion-dollar reductions.
Shell will reduce its 2020 capital expenditure...Read more
PRESS RELEASE – TechnipFMC has been awarded a significant EPCI-contract by Woodside for the development of the Pyxis and Xena fields, located offshore North-West Australia.
TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea...Read more
A new coalition formed by more than 70 shipping companies, ports and energy suppliers wants commercially viable zero-emission vessels to be operating along deep-sea trade routes by 2030. The Getting to Zero Coalition unveiled its...Read more
Shell today announced that the first shipment of liquefied natural gas has sailed from its enormous Prelude FLNG production facility, that is located 475 kilometres North East of Broome in Western Australia, in a region...Read more
Shell, Deme and Quadran Energies Marines from France will join forces for the tender for the construction, operation and maintenance of a new offshore wind farm in the French section of the North Sea.
To this...Read more
Cosco Shipping Specialized Carriers has won a major project from Shell. The shipping line will transport the new production platform Vito from Singapore to the Gulf of Mexico.
Cosco will collect the floating production platform from...Read more
Shell has an ambitious investment agenda for its refinery in Pernis. The construction of a Solvent Deasphalter (SDA) makes it possible to remove heavier fractions from petroleum oil, allowing for a larger quantity of the...Read more
