Oil majors’ global selling spree could fetch US$27 billion

Oil and gas giants are looking to sell assets that could fetch a total of $27.5 billion, as they are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, according to energy research firm Rystad Energy.

Together in Safety: 9 Golden Safety Rules for shipping

On the occasion of Global Maritime Forum 2019 underway in Singapore, maritime leaders reiterated their common ambition to make the maritime industry safer, agreeing the industry Golden Safety Rules and ideas on how they could be implemented and used, as part of the ‘Together in Safety’ initiative.

Shell Marine: Guidance on IMO 2020 transition

Shell Marine has published a new White Paper offering critical guidance on cylinder oils and engine care to transition successfully through the IMO sulphur cap from 1st January 2020. The ‘IMO 2020 Ready’ paper sets out the commercial, operational and technical challenges for operators before, during and after the regulatory deadline.

Kongsberg, Shell to digitize gas processing facility

Kongsberg Digital signed an agreement to digitalize the Nyhamna facility, a gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline. A/S Norske Shell will enter the partnership as operator of Ormen Lange and on behalf of Gassco as the operator of Nyhamna.

Shell, Van Oord test second-generation biofuel

Van Oord is collaborating with Shell to trial the use of biofuel on its fleet, in light of the approaching IMO 2020 sulphur cap. The partners will conduct the pilot testing on the trailing suction hopper dredger HAM 316, which will voyage from Rotterdam to Cuxhaven.

Pakistan selects oil majors for five LNG terminals

Oil majors such as Royal Dutch Shell and Exxon Mobil were among the groups selected to build five LNG terminals in Pakistan, as the country aims to triple imports and ease gas shortages, said Omar Ayub Khan, Pakistan’s minister of power and petroleum. 

Shell loads first LSFO cargo from Singapore refinery

As Reuters reports, Royal Dutch Shell loaded its first cargo of low sulphur fuel oil (LSFO) from its Pulau Bukom refining site in Singapore, on September 19. According to the oil major, it is the first time the company has produced LSFO from its own upstream crude. 

Qatar Petroleum, Shell to create LNG bunkering venture

Qatar Petroleum and Shell subsidiaries signed a Shareholder Agreement to create a company that would provide global LNG bunkering services. The agreement signed by Qatar Petroleum’s ‘Wave LNG Solutions’ and ‘Shell Gas & Power Developments B.V.’ aims to establish a joint venture company owned equally by both parties, subject to customary regulatory approvals.


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