Shell to Invest $2 Bln per Year in Brazil

Ana Mano
Thursday, May 9, 2019

Royal Dutch Shell has plans to invest about $2 billion per year in Brazil through 2025, Chief Executive Ben van Beurden told newspaper Valor Econômico in an exclusive interview.

Its investment plans could be increased to allow the company to bid in three upcoming oil and gas auctions, Valor reported in its Thursday edition based on the interview.

Royal Dutch Shell will not focus exclusively on oil projects, the report said. It is interested in exploring opportunities in natural gas, biofuels and the solar energy sector, Valor said.

Refineries are not part of the strategy, Valor reported. In an emailed message to Reuters, Shell’s press office confirmed the information contained in Valor’s report.


(editing by Jason Neely and Jonathan Oatis)

Categories: Energy Industry News Activity South America

Related Stories

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

CNOOC Brings Online Another Oil and Gas Project in South China Sea

Subsea7 Secures Work at Black Sea Field off Türkiye

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Current News

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

DOF Secures Moorings Hook-Up Job in Asia Pacific

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com