Shell Greenlights First Project Since Defeat In Dutch Court ...Middle East

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Shell Greenlights First Project Since Defeat In Dutch Court
source : OILPRICE ( Middle East ) () 6
Energy transition or no, Shell has given the go-ahead of its Whale deepwater project in the Gulf of Mexico, according to a Shell press release on Monday. It would be the first greenlighted project since its defeat in a Dutch court last month that ordered Shell to reduce its emissions targets at a pace quicker than it had planned. Royal Dutch Shell owns 60% of the Whale project, while Chevron owns the remaining 40%. The expected production—set for 2024—is estimated at 100,000 bpd, with an estimated recoverable resource volume of 490…

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