Shell to write off 20 billion dollars in assets, plans major reorganization
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
Allseas removes third platform from Brent field
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
Oil companies cut investments by tens of billions of dollars
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
TechnipFMC awarded new contracts by Woodside and Shell
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
New coalition wants to operate zero emission ships by 2030
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
First LNG cargo shipped from Shell’s Prelude project
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
Deme, Shell and Quadran join forces for offshore project Dunkirk
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
New Shell project for Cosco Shipping
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