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April 23rd, 2020:

REUTERS: SEC drops inquiry into Shell’s OPL 245 deal, company says

U.S. LEGAL NEWS: APRIL 23, 2020 / 5:12 PM 

LONDON (Reuters) – The U.S. Securities and Exchange Commission has dropped its inquiry into Royal Dutch Shell’s 2011 acquisition of an offshore oil block in Nigeria, the Anglo-Dutch company said on Thursday.

“The SEC has notified us that it has closed its inquiry into Shell in relation to OPL 245,” a Shell spokeswoman said.

On Wednesday, Italy’s Eni, which acquired the OPL 245 block together with Shell, said the SEC had also closed its investigation into its activity in Nigeria, as well as other activities in Congo. read more

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Shell/Exxon (NAM) Starts Groningen Closedown

Shell/Exxon (NAM) Starts Groningen Closedown

The first of the giant field’s wells are to be cleaned up by August.

BY: WILLIAM POWELL: April 21, 2020

The operator of the giant Dutch Groningen gas field, NAM, has begun the work of removing the ten gas wells from the Uiterburen site, marking the start of the decommissioning process, it said April 20. It said the Uiterburen site would be the first to see the wells closed and cleared out permanently.

The field, the cornerstone of Europe’s gas industry since its discovery by the Shell-ExxonMobil joint venture, has been brought to an early closure as the production of gas damaged buildings in the vicinity. Gas worth tens of billions of euros will be left in the ground when the field is put out of action in a couple of years. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

OilPrice.com: Shell Postpones Investment On Two Major Oil Projects

As oil prices collapse, Shell is postponing the final investment decisions (FIDs) for two planned projects, one in the U.S. Gulf of Mexico and another in the UK North Sea, a source with the supermajor told Reuters on Wednesday.

Shell is now thinking of postponing the FID for the development of the Whale discovery in the Gulf of Mexico, Reuters’ source said. The initial FID timeframe was to make the decision later in 2020, but it is now postponed to 2021.

Shell announced the large deepwater discovery in the U.S. Gulf of Mexico in January 2018, although it had made it six months earlier. Back then, the company said that the Whale discovery was “one of its largest U.S. Gulf of Mexico exploration finds in the past decade.” Shell is the operator of the planned project with a 60-percent interest, while U.S. supermajor Chevron holds the other 40 percent. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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