Shell Sells Elba Liquefaction Project Interest to Kinder Morgan
Kinder Morgan Inc. will buy out Royal Dutch Shell PLC’s interest in their proposed Elba Liquefaction Co. (ELC ) joint venture in Georgia. Houston-based Kinder Morgan already owns 51% of the ELC joint venture. The firm said it would buy the 49 percent stake that it does not already own in the natural gas joint venture and it raised its dividend. ELC owns the Elba Liquefaction Project, which is proposed to be constructed and operated at the existing Elba Island LNG Terminal near Savannah, Georgia.
Shell Green Lights GoM Field After Cost Cuts
Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as companies have scrapped around $200 billion of mega-projects in the wake of the sharp decline in oil prices over the past year. Shell has operated in the Gulf of Mexico for over 60 years.
Shell Advances Deep Water GoM Play
Shell takes final investment decision for the Appomattox deep-water development in Gulf of Mexico. Royal Dutch Shell plc has announced the final investment decision (FID) to advance the Appomattox deep-water development in the Gulf of Mexico. This decision authorises the construction and installation of Shell’s eighth and largest floating platform in the Gulf of Mexico. The Appomattox development will initially produce from the Appomattox and Vicksburg fields…
Shell Starts Second Deepwater Facility in GoM
Production is now underway from the Cardamom development, the second major deepwater facility Shell has brought online in the U.S. Gulf of Mexico this year, following the start-up of Mars B in February. Oil from the Cardamom subsea development (100% Shell) is piped through Shell's Auger platform. When at full production of 50,000 barrels of oil equivalent a day (boe/d), Auger's total production capacity will increase to 130,000 boe/d.
Shell Makes Utica Gas Discovery in Pennsylvania
Shell has announced new discovery wells (Neal and Gee) within the Utica formation in Tioga County, Pennsylvania, USA. These wells were drilled to a total measured depth of approximately 4,420 and 4,724 metres (14,500 and 15,500 feet) with lateral lengths of 945 metres (3,100 feet) at Gee and 1,280 metres (4,200 feet) at Neal, respectively. These results are comparable to the best publically announced thus far in the emerging Southeast Ohio Utica dry gas play.
Shell Sells More US Gas Assets, Adds Acreage
Royal Dutch Shell on Thursday announced the sale of two onshore U.S. shale gas assets in exchange for $2.1 billion and acreage in different gas-rich areas as the energy company restructures its North America business and reins in costs. Shell agreed to sell to Ultra Petroleum its relatively mature natural gas-producing properties in Wyoming's Pinedale field, a total of 155,000 acres, in a step which will mark its complete exit from one of its first U.S. shale investments in 2001.
Shell’s Largest GoM Platform Starts Production
Shell has begun production from the Mars B development through Olympus, the company’s seventh and largest floating deepwater platform in the Gulf of Mexico. It is the first deepwater project in the Gulf to expand an existing oil and gas field with significant new infrastructure, which should extend the life of the greater Mars basin to 2050 or beyond. Combined future production from Olympus and the original Mars platform is expected to deliver an estimated resource base of 1 billion barrels of oil equivalent (boe).
Shell to Boost Deepwater Energy Production in Brazil
Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. "Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy,” said John Hollowell, Executive Vice President for Deep Water, Shell Upstream Americas. For Parque das Conchas (BC-10), Shell and its partners Petrobras and ONGC…
