Shell

On February 27th the gas price in North America reached a new low at $2.57 per million btu with all chances to stay below $3 for a while. In dividing the gas price by four since its peak at $13.5 per million btu in July 2008, the massive development of the shale gas is not […]

Qatar Petroleum (QP) and Shell have signed a Head of Agreement to build $6.4 billion olefins and derivatives complex in Ras Laffan, Qatar. QP and Shell have already performed the feasibility study of this complex to be owned 80% by QP and 20% by Shell and to supply the Asia markets. The project includes: –          […]

For 2011, Shell reported $470 billion revenues and $37 billion in free cash flow, well supported by an average price of the barrel over $100 and a shift in the gas market toward countries with higher added value. Today the gas business represents more than 50% of Shell revenues. With a cash flow expected to […]

Through the Lagosta III well, located in the gas field Rovuma Basin Area 1, Mozambique, Cove Energy along with Anadarko Petroleum has discovered unexpected quantities of gas. The high quality of this gas and its geographical position fit perfectly with the demand in Asia where gas prices are attractive and sustainable. Since then, Shell and […]