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SNC-Lavalin has signed a Framework Agreement (FA) with Shell to provide pre-feasibility and feasibility studies for modular options on Shell's projects. This agreement represents a significant milestone for SNC-Lavalin in the development of industry standard pre-engineered solutions with a major International Oil Company.
Shell Lubricants has been recognized as the global market leader for 11 consecutive years, marking the start of two decades of undisputed industry leadership. This accolade was confirmed in the recently published Kline & Company's 15th Edition ‘Global Lubricants Industry: Market Analysis and Assessment: 2016-2026 report. The report covers the sector in 2016.
Shell has launched a methane detector pilot at one of its shale gas sites near Rocky Mountain House in Alberta, Canada. The pilot test is part of a wider multi-stakeholder initiative called the Methane Detectors Challenge, a partnership between Environmental Defense Fund (EDF), oil and gas companies, US government agencies and technology developers to test next generation methane detection technologies. The initiative aims to enable better early detection and repair of methane leaks, and ultimately reduce emissions. While detection technologies and processes are already in place across the oil and gas industry, more technical innovation is desired.
Royal Dutch Shell has completed two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.
Royal Dutch Shell plc has signed two agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada while also reducing its share in the Athabasca Oil Sands Project (AOSP) from 60 to 10 percent. The company will remain as operator of AOSP’s Scotford upgrader and Quest carbon capture and storage (CCS) project.
Shell has successfully completed a major growth project at its Scotford Refinery near Edmonton, Alberta that will increase hydrocracker production capacity by 20 percent. The project was completed through the debottlenecking of the hydrocracker, a core refining unit for making transportation fuels, such as diesel and jet fuel. The debottlenecking process replaces vessels, compressors and feed pumps to allow a greater volume of heavy crude oil to be processed.
Shell Lubricants has retained its global market leading position in 2015 with 11.6% market share, according to Kline & Company’s Global Lubricants Industry: Market Analysis and Assessment 2016 report. This is the tenth consecutive year that Shell Lubricants has been named the number one global lubricants supplier.
Royal Dutch Shell plc, through its affiliate Shell Canada Energy has announced it has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million (C$1,369 million). The consideration is comprised of $758 million in cash and Tourmaline shares valued at $279 million. Subject to regulatory approvals the transaction is expected to close in the fourth quarter of 2016.