Ukraine picks Shell and Chevron to develop shale gas fields

Oil companies Royal Dutch Shell and Chevron Corp have won the Ukrainian public bid to develop shale gas fields in Ukraine, its Prime Minister announced in an interview with Euronews. The fields in Yuzivske and Oleske are expected to provide the country with up to 10% of its natural gas by 2020, according to reports. The estimated $370 […]

China and Shell to share shale gas

Oil giant Shell and China’s semi-state oil firm CNPC will share their Chinese shale gas activity including exploration and production after a deal announced yesterday. Shell said it will be the first shale gas Production Sharing Contract (PSC) ever signed in China. Covering the Fushun-Yongchuan block in the Sichuan Basin, the contract area is roughly […]

Shell makes £1bn East Africa move

Shell Exploration and Production, a subsidiary of Royal Dutch Shell plc, has made an offer for Cove Energy, an oil and gas exploration company which operate in East Africa. The proposed offer for Cove is approximately £992.4 million. Shell says it sees East Africa as a major prospect in terms of the resources to be […]

Iraq Government signs $17bn deal with Shell

Iraq’s cabinet has reportedly approved a $17 billion (£10.7bn) contract with Royal Dutch Shell and Mitsubishi Corporation. The deal aims to capture natural gas, wasted from flaring at three oil fields, which Shell says could be used for export. According to Shell 700 million cubic feet of gas is burnt off each day in southern […]

Pricetag for Iraq-Shell deal rumoured at €12bn

Royal Dutch Shell has initialised a deal that takes it one step closer to capturing gas in the southern gas fields of Iraq. The deal has been knocking around since a Heads of Agreement was signed in 2008 and is now waiting on the Iraqi Cabinet’s approval. The Basrah Gas Company joint venture would exploit […]

Energy firms score high on carbon index

E.ON, Iberdrola, National Grid and Scottish & Southern Energy are among energy companies that have made it on to the 2010 Carbon Performance Leadership Index. The index is published by the Carbon Disclosure Project, an organisation representing 534 global institutional investors which assesses the 500 largest global companies on their efforts to cut their carbon […]