Subsea7 won a sizeable Shell contract for the Kaikias Waterflood project in the Mars-Ursa Basin, including installation of an umbilical, riser and rigid flowline in up to 1,650 m water depth.
Shell and Mitsubishi, which together hold about 65% of LNG Canada, are reported to be considering partial sales of their stakes in the C$40 billion export project as they review exposure to Phase 2.
Shell and INEOS Energy confirmed high-quality oil at the Nashville exploration well in the deepwater Norphlet play, with further work under way to assess a potential Appomattox tie-back.
DNO ASA has placed its North Sea oil output with Exxon Mobil and Shell from 1 January 2026 and linked the deals to offtake financing of up to USD 410 million, lifting total facilities tied to North Sea output to USD 910 million.
Valaris Limited has signed a multi-year $300 million contract with Shell for the drillship VALARIS DS-8 on the Orca project offshore Brazil, with operations starting in Q1 2027.
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Shell is considering selling a 20% stake in Brazil’s offshore Gato do Mato cluster to help finance a nearly $3 billion deepwater development, while keeping operatorship and maintaining its position in the country.
Upstream reports that NOPSEMA is investigating a piling incident on Shell’s Crux gas project involving McDermott’s DLV 2000. No injuries were reported, but regulators and the contractor are reviewing safety practices.
A 32-year-old worker died after a crane fall on the Valaris 121 rig in the UK North Sea. Authorities have launched a joint investigation, while operations were halted and Shell and Valaris expressed condolences.
Shell has begun a joint study with Kufpec to assess five Indonesian working areas, reflecting renewed engagement by major international oil companies in the country’s upstream sector. The initiative follows recent discussions between global operators and SKK Migas on new exploration opportunities.
