Tag: Shell

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Qatar Petroleum Partners with Shell in Deepwater Offshore Blocks in Namibia

Qatar's state-owned petroleum company, Qatar Petroleum, has agreed with Shell to become a partner in two (2) exploration blocks offshore the Republic of Namibia, subject to customary approvals. Per the...
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Heirs Holdings Acquire Nigerian Oil Licence OML 17 Assets for $1.1 billion

Heirs Holdings, in partnership with its affiliated company, Transnational Corporation of Nigeria Plc ("Transcorp"), has announced the unconditional acquisition of a 45% participating interest in Nigeria oil license OML 17...
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Kosmos Energy Completes Farm Down of African Assets to Shell

Kosmos Energy has announced the completion of its previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC, for the farm down of...
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LEKOIL Nigeria Publishes Interim Results for H1 2020

Nigerian Oil and Gas exploration and production company, Lekoil, has released its unaudited interim results for H1 2020 ended June 30th 2020. The company restated its commitment to long term...
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Shell Acquires 50% Interest in Transkei & Algoa Blocks Offshore South Africa

Impact Oil & Gas has announced that its wholly-owned subsidiary, Impact Africa, has agreed with a wholly-owned subsidiary of Royal Dutch Shell, BG International, for the farm-out of a 50%...
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Shell Releases Q3 Report

Shell has announced a cash allocation framework that will enable it to reduce debt, increase distributions to shareholders, and allow for disciplined growth as it reshapes its business for the...
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COVID19 – Shell to Cut a Possible 9,000 jobs by 2022

The Royal Dutch Shell has announced plans to cut 7,000 to 9,000 jobs in response to the fall in global oil demand caused by the coronavirus pandemic. This comes five...
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Kosmos Energy Cuts Down Asset Portfolio in Africa for the Gulf of Mexico in a Deal with Shell

Kosmos Energy has agreed with a subsidiary of Royal Dutch Shell to farm down interests in a portfolio of frontier exploration assets for a fee worth up to $200 million....
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Chevron, Shell, BP, Total and Exxon Mobil Slash Production, Assets by $50 billion

The five largest oil production companies in the world collectively cut their asset value by almost $50 billion in the second quarter of 2020. They also slashed production rates due...
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Somalia: Petroleum Ministry Set up Somali Petroleum Authority

Somalia has set up the Somali Petroleum Authority, tasked with the regulation of the development of the oil sector as the country opens its first-ever licensing rounds. The country launched...
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