- BUSINESS EXPANSION – Commended
- ENVIRONMENTAL – Commended
Offshore Technology Excellence Rankings 2022 – The Verdict
Shell is a multinational oil and gas company that is ranked for Business Expansion and Environmental in the 2022 Offshore Technology Excellence Rankings.
Shell has been developing environmentally friendly fossil fuel alternatives, such as hydrogen and biofuels, having made a final investment decision to build one of Europe’s biggest biofuels facilities in Rotterdam, the Netherlands and also collaborated to produce low-carbon hydrogen in Canada. It also agreed to jointly pursue investments in UK hydrogen projects.
The company has also been heavily involved in carbon capture projects, including building a carbon capture storage facility in Canada, establishing the Northern Lights CCS project to explore direct air capture; and entering into a collaboration with Malaysia’s state-run oil firm to explore carbon capture and storage (CCS) options in the region. It also partnered with another company to advance decarbonisation solutions, jointly developing processes that would make use of carbon dioxide emitted from industrial processes to produce fuels and chemicals.
Shell has been developing environmentally friendly fossil fuel alternatives, such as hydrogen and biofuels, having made a final investment decision to build one of Europe’s biggest biofuels facilities in Rotterdam
Elsewhere the company made a notable oil discovery at the Leopard prospect in the deepwater US Gulf of Mexico (GOM). The Leopard prospect is located in Outer Continental Shelf (OCS) block Alaminos Canyon (AC) 691, approximately 32km east of the Whale discovery, and 53km from the Perdido host.
Elsewhere the company also won production sharing contracts (PSC) for two pre-salt oil fields offshore Brazil. The company along with its partners have also signed a concession agreement to develop and produce natural gas from the Block 10 of the Saih Rawl gas field in Oman.
Shell is an integrated oil and gas company. The company explores for and produces oil and gas from conventional fields and sources such as tight rock, shale and coal formations. It operates refining and petrochemical complexes across the world.
Shell’s product offerings include lubricants, bitumen and liquefied petroleum gas; and petrochemical products such as raw materials for plastics, coatings and detergents.
The company is a major producer of biofuel in Brazil. It also has interests in various liquefied natural gas (LNG) and gas to liquids (GTL) projects.
The company markets its products directly and indirectly through distributors in Europe, Asia, Oceania, Africa, North America and South America. Shell is headquartered in London.