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A significant gas leak and subsequent explosion caused substantial damage in the central Dutch city of Utrecht, demolishing houses. Officials reported no fatalities from the incident.
Shell announced major strategic shifts in its global oil portfolio, headlined by a $20 billion investment in Nigeria's Bonga South West oil project, which has received presidential backing. Concurrently, the company is seeking to exit operations in Argentina's Vaca Muerta shale play and the al-Omar oilfield in Syria, with U.S. firms reportedly interested in the latter. In a separate development, Shell and Mitsubishi are exploring the sale of their stakes in the LNG Canada liquefied natural gas project, following a recent failed attempt by Shell and Exxon to sell UK gas assets.
Meanwhile, the European Union in Brussels is preparing a significant new round of sanctions aimed at Russian oil, intended to cut funding for Russia's war effort. The plan faces internal challenges, however, as member states including Greece have expressed hesitation over supporting the full package of proposed environmental and shipping-related measures.
1 topics | 3 sources
A gas leak led to a large explosion and fire in the central part of Utrecht, a city in the Netherlands. The blast demolished several houses, but officials reported no deaths from the incident.
3 topics | 14 sources
Jan 28
Shell announces major oil project investment while seeking to exit operations in several countriesShell is making a major $20 billion investment in the Bonga South West oil project off the coast of Nigeria, a move that has received support from the Nigerian president. At the same time, the company is reportedly looking to exit its oil and gas operations in several other countries. According to sources, Shell is considering leaving Argentina's Vaca Muerta shale play. A Syrian official also stated that Shell has requested to withdraw from the al-Omar oilfield in Syria, noting that U.S. firms have shown interest in the asset.
Jan 16
Shell and Mitsubishi consider selling their stakes in a major Canadian LNG projectEnergy companies Shell and Mitsubishi are exploring options to sell their stakes in the LNG Canada project, according to sources. This is a major liquefied natural gas export terminal being built in British Columbia. In a separate development, a deal for Shell and Exxon to sell a UK gas asset to Viaro Energy has fallen through.