The Hague-based LNG giant Shell is looking to up exports of liquefied natural gas from Egypt’s Idku facility as production ramps up from the West Delta field.
Read MoreAfrica Oil & Gas; Shell eyes exports jump from Idku LNG plant in Egypt
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Africa Oil & Gas: Shell, Eni, Exxon win blocks in Egypt
Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.
Read MoreGlobal Markets: Shell leads cash race but Exxon catching up
Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.
Read MoreMozambique Oil & Gas: Is this the LNG year for Mozambique?
Financial scandal and security issues are the latest challenges to be overcome in Mozambique’s long-delayed emergence into the world of LNG. However, a raft of off-take agreements for two major projects in the country’s north should make 2019 a pivotal year as investors move towards final investment decisions. These projects would represent Mozambique’s biggest foreign direct investments to date.
Read MoreMozambique Oil & Gas: Anadarko announces LNG sale and purchase agreement with Shell
Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Shell International Trading Middle East Ltd. (Shell). The SPA is for 2 million tonnes of LNG per annum (MTPA) for a term of 13 years.
Read MoreGlobal Oil & Gas: Shell Pledges To Do It All
Royal Dutch Shell Plc came through a quarter of volatile oil prices to beat earnings estimates, delivering a surge in cash flow the company said will underpin “world-class” returns to investors.
Read MoreRenewables: Shell says it wants to double green energy investment
Shell has declared an ambition to double the amount it spends on green energy to $4bn a year, in a sign of how the Anglo-Dutch company is looking to speed up its move to a future beyond oil and gas.
Read MoreAfrica Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal
Lawyers for the Nigerian government said they had filed a $1.1-billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.
Read MoreSustainability: Shell Ties New Climate Targets to Exec Pay
Royal Dutch Shell plc is introducing short-term carbon emission targets that will be directly tied to executive pay, the company announced Monday.
Read MoreAfrica Oil & Gas: Nigeria lost $6 billion to Shell and Eni
A new report finds that Nigeria missed out on nearly $6 billion in projected revenues because of the odd structure of a 2011 oil deal it made with Royal Dutch Shell (NYSE: RDS.A) and Eni (NYSE: E).
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