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.
Bloomberg reports that Namibia has introduced a draft amendment to the Petroleum Act that would reassign several petroleum oversight responsibilities from the energy ministry to the presidency while offshore discovery negotiations continue with TotalEnergies.
Egypt has opened a four-block offshore licensing round in the Red Sea, inviting bids until May 2026 under a new R-factor-based production-sharing model.
TotalEnergies has lifted the four-year force majeure on its $20 billion Mozambique LNG project, with operations expected to start in 2029 pending government approval of an updated plan.
