Media

Shell to sell interest in Aera Energy to IKAV

Sep 01, 2022

Houston - Shell Offshore Inc., a subsidiary of Shell plc, has agreed to sell its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV for a total consideration of approximately $2 billion in cash with additional contingent payments based on future oil prices, subject to regulatory approval. The transaction has an effective date of October 1, 2021 and is expected to close in Q4 2022.

Shell USA, INC. and Shell Midstream Partners, L.P. reached a definitive merger agreement

Jul 25, 2022

Houston - Shell USA, Inc. (“Shell USA”) and Shell Midstream Partners, L.P. (NYSE: SHLX) (“SHLX”) today announced they have executed a definitive agreement and plan of merger (the “Merger Agreement,” and the transactions contemplated thereby, collectively, the “Transaction”) pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public (the “Public Common Units”) at $15.85 per Public Common Unit in cash for a total value of approximately $1.96 billion. A subsidiary of Shell USA currently owns 269,457,304 SHLX common units, or approximately 68.5% of SHLX common units.

Shell launches Shell Energy brand, 100% renewable electricity plans in Texas

Jun 07, 2022

Shell today announced the launch of the Shell Energy brand into the residential power market in the United States. Through Shell Energy Solutions (“Shell Energy”) the company now offers 100% renewable electricity plans to eligible customers in Texas, expanding its portfolio of offerings and giving residential customers access to renewable electricity plans while building on the trusted relationships the company has built with Texans over decades.

Shell completes acquisition of Landmark fuel and convenience network

Jun 01, 2022

Houston − Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US (Shell), has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies (Landmark). The acquisition also includes supply agreements for the independently operated fuel and convenience sites.

Shell and IndyCar Will Introduce Renewable Race Fuel for NTT IndyCar Series in 2023

May 27, 2022

The efforts will include a variety of sustainability initiatives to help reduce the carbon footprint within the NTT INDYCAR Series.

Shell and Penske Extend Long Standing Relationship in Motorsports

May 26, 2022

Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Pennzoil-Quaker State Company announced a multi-year extension and expansion of their Sponsorship Agreement with Team Penske, the NTT IndyCar Series and Indianapolis Motor Speedway (IMS).

Shell completes sale of Mobile refinery in Alabama to Vertex Energy

Apr 01, 2022

HOUSTON – Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell USA, Inc., and Shell Chemical LP, subsidiaries of Shell plc (Shell), has completed the sale of its Chemical LP Refinery in Mobile, Alabama, to Vertex Energy Operating LLC (Vertex Energy), for $75 million in cash plus the value of the hydrocarbon inventory and other closing adjustments and accrued liabilities.

Shell Adds Deep-Water Production in the Gulf of Mexico with PowerNap

Mar 29, 2022

Houston, TX - Shell Offshore Inc. (Shell), a subsidiary of Shell plc, today announces the start of production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus production hub in the prolific Mars Corridor.

Shell joint venture Atlantic Shores wins acreage in New York Bight, expanding offshore wind market share

Feb 25, 2022

Atlantic Shores Offshore Wind Bight, LLC, the bidding entity representing Atlantic Shores Offshore Wind (Atlantic Shores), a 50-50 joint venture between Shell New Energies US LLC (Shell) and EDF-RE Offshore Development, LLC (EDF), is the provisional winner of block OCS-0541 in the New York Bight offshore wind auction. This area, subject to a future investment decision, could support approximately 1.5 gigawatts (GW) of commercial wind generation, enough to power nearly 700,000 New York and New Jersey homes.

Shell Energy to power Houston Dynamo and Houston Dash as exclusive energy provider

Feb 21, 2022

Shell Energy will become the exclusive energy provider beginning with the 2022 soccer season, working to integrate energy solutions aimed at reducing the carbon footprint at their stadium by an estimated 50% by 2026.

Shell pipeline company LP announces offer for remaining units of shell midstream partners, L.P.

Feb 11, 2022

Houston - Shell Pipeline Company LP (“Shell”) today announces it has made a non-binding offer to purchase all remaining common units held by the public representing limited partner interests in Shell Midstream Partners, L.P. (NYSE: SHLX) (“SHLX”) for $12.89 per common unit in cash. Shell and its affiliates currently own approximately 68.5% of SHLX common units. The proposed transaction simplifies the governance of the SHLX assets, reduces costs, and provides flexibility to optimize the pipeline portfolio.

Shell completes sale of interest in Deer Park refinery to partner Pemex

Jan 20, 2022

Houston - Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex) for $596 million, a combination of cash and debt.

Shell joint venture Mayflower Wind granted right to power Massachusetts residents with additional renewable wind energy

Dec 17, 2021

Mayflower Wind Energy LLC (Mayflower), the 50-50 joint venture between Shell New Energies US LLC (Shell) and OW North America LLC, has been awarded the right to provide 400 MW of offshore wind energy by the Commonwealth of Massachusetts and its three biggest utilities as part of Massachusetts’ 83C III offshore wind energy procurement. 

Shell completes acquisition of solar and energy storage developer Savion

Dec 17, 2021

Houston, TX - Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has completed the acquisition of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States.

Shell acquires solar and energy storage developer Savion, further expanding its global renewable power business

Dec 14, 2021

Houston, TX − Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio.

Shell adds another deep-water discovery in the Perdido Corridor of the U.S. Gulf of Mexico

Dec 08, 2021

Houston − Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a material discovery at the Blacktip North prospect in the U.S. Gulf of Mexico. The Blacktip North well encountered approximately 300 feet net oil pay at multiple levels. Evaluation is ongoing to further define development options.

Shell Oil Company acquires established fuel card business to enhance customer road transport experience

Nov 05, 2021

HOUSTON - Shell Oil Company (Shell) has acquired MSTS Payments, LLC and its Multi Service Fuel Card business from Multi Service Technology Solutions, Inc. (dba TreviPay). The Multi Service Fuel Card acceptance network and transaction processing platform provides Shell with a closed-loop payment network used by Commercial Road Transport (CRT) companies at thousands of truck stops in North America.

Shell Restores Production at Mars and Ursa in the Gulf of Mexico

Nov 05, 2021

Houston, Texas – Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at our Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 (WD-143) “A” facility.

Shell completes sale of Washington Puget Sound refinery to HollyFrontier

Nov 01, 2021

HOUSTON – Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory, subject to customary closing adjustments.

Shell to grow company-owned retail sites in the U.S. with acquisition of Landmark fuel and convenience network

Oct 25, 2021

Houston - Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US (Shell), has signed an agreement to acquire 248 company-owned fuel and convenience retail sites from the Landmark group of companies (Landmark), whose convenience stores operate in Texas under the Timewise brand. The agreement also includes supply agreements with an additional 117 independently operated fuel and convenience sites.

Shell starts production at Shell New Energies Junction City, its first US renewable natural gas facility

Sep 28, 2021

Junction City, Oregon — Shell Oil Products US, a subsidiary of Royal Dutch Shell plc, has successfully achieved startup and production of renewable natural gas (RNG) at its first US biomethane facility, Shell New Energies Junction City in Oregon. The facility utilizes locally sourced cow manure and excess agricultural residues to produce an expected 736,000 MMBtu a year of RNG. This milestone is part of a growing portfolio of developing RNG production and distribution assets supporting low-carbon intensity renewable compressed natural gas (R-CNG) as fuel for heavy-duty, on-road transport.

Shell signs agreement to sell Permian interest for $9.5 billion to ConocoPhillips

Sep 20, 2021

Houston − Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, subject to regulatory approvals.

Shell Reports Damage Assessment of WD-143 from Hurricane Ida

Sep 20, 2021

Houston, Texas − Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has conducted a comprehensive damage assessment of our West Delta-143 (WD-143) offshore facilities from Hurricane Ida that revealed significant structural damage. We estimate that our WD-143 “A” platform facilities will be off line for repairs until the end of 2021, and that the facilities on our WD-143 “C” platform will be operational in Q4 2021.

Shell completes acquisition of Inspire Energy Capital

Sep 15, 2021

Shell Announces More Than $5 million in Support for Hurricane Ida Relief Efforts

Sep 09, 2021

Communities across the Louisiana Gulf Coast Face Long Road to Recovery.

Shell Identifies Damage to WD-143 from Hurricane Ida in the Gulf of Mexico

Sep 02, 2021

Houston, Texas - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, conducted an initial flyover of our assets in the path of Hurricane Ida. During this initial flight, we observed damage to our West Delta-143 (WD-143) offshore facilities. When it is safe to do so, we will send personnel offshore to provide a closer inspection of these facilities to understand the full extent of the damage and the degree to which our production in the Gulf of Mexico will likely be impacted.

Shell to buy Inspire Energy Capital, expanding renewable power business in the United States

Jul 27, 2021

Houston − Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC (Inspire), a renewable energy residential retailer with joint headquarters in Santa Monica, CA and Philadelphia, PA.

Shell Invests in the Whale Development in the Gulf of Mexico

Jul 26, 2021

Houston, Texas − Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, today announces the final investment decision (FID) for Whale, a deep-water development in the U.S. Gulf of Mexico that features a 99% replicated hull and an 80% replication of the topsides from our Vito project.

Shell launches customized entrepreneurial support program in Permian Basin aimed at rural and under-served communities

Jul 15, 2021

Houston, TX - Shell Oil Company, in collaboration with LiftFund, is bringing its global flagship program, Shell LiveWIRE, to its west Texas operating areas in the Permian Basin. The Shell LiveWIRE Permian Basin Pilot program is set to launch in September and designed to equip aspiring entrepreneurs and small business owners with the technical, business, and soft skills necessary to succeed. The program aims to connect participants to support networks within the market to help build and expand successful businesses in the basin.

Shell Joint Venture Atlantic Shores Granted Right To Power New Jersey Residents With Renewable Wind Energy

Jun 30, 2021

Shell Joint Venture Atlantic Shores Granted Right To Power New Jersey Residents With Renwewable Wind Energy.

GM, Shell Offer Renewable Energy Solutions for Homes, EVs, Suppliers

Jun 23, 2021

Program includes current offerings that can help expand access to renewable energy for GM’s customers and suppliers in Texas.

Shell sells Alabama refinery to Vertex Energy

May 26, 2021

Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc (Shell), have reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, AL, to Vertex Energy Operating LLC (Vertex Energy). Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products.

Shell to sell interest in Deer Park refinery to partner Pemex

May 24, 2021

Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction will transfer Shell’s interest in the partnership, and therefore full ownership of the refinery, to Pemex, subject to regulatory approvals.

Shell Announces Deep-Water Discovery in the U.S. Gulf of Mexico

May 10, 2021

HOUSTON, TX – Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay at multiple levels. Evaluation is ongoing to further define development options.

Shell Sells Washington Puget Sound Refinery to Hollyfrontier

May 04, 2021

HOUSTON – Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory. The transaction is expected to close in Q4 2021, subject to regulatory clearance and other customary closing conditions.