Shell announces Dover, its new subsea link in the Gulf of Mexico

Shell Offshore Inc. announced its commitment to a new offshore project in the Gulf of Mexico. The Dover project, which will be attached to Shell's Appomattox production hub, is expected to begin production by the end of 2024 and produce up to 21,000 barrels of oil equivalent per day at its peak.

Share:

Shell announces its new subsea link, Dover, in the Gulf of Mexico. The company announced the final investment decision (FID ) for Dover, planned for the Shell-operated Appomattox production hub in the Gulf of Mexico (GoM) in the United States. Dover is expected to begin production in late 2024-early 2025 and produce up to 21,000 barrels of oil equivalent per day (boe/d) at peak rates. The move is part of Shell’s Powering Progress strategy to thrive in the energy transition, which includes increasing investment in low-carbon energy solutions.

Dover, a strategic decision to strengthen Shell’s position

Dover is located in the Mississippi Canyon, approximately 170 miles southeast of New Orleans, Louisiana, at a depth of 7,500 feet. Shell has a 100% interest in Dover. The development concept for Dover is a subsea link to the Shell-operated Appomattox production hub, with two production wells produced through a 17.5-mile pipeline. Shell operates Appomattox with a 79% interest, with CNOOC controlling the remaining 21%. This decision underscores Shell’s long-term commitment to the U.S. Gulf of Mexico, which has one of the lowest greenhouse gas (GHG) intensities for oil production in the world.

Shell bets on renewable energy while continuing to extract oil with Dover

Shell continues to pursue the most efficient and cost-effective downstream investments to provide safe and secure sources of energy today and for decades to come. In addition to operations in Brazil and the U.S. Gulf of Mexico, Shell’s offshore portfolio also includes frontier exploration opportunities in Argentina, Mexico, Suriname, Sao Tome & Principe, Argentina and Namibia. Shell believes that the energy future is hybrid and that the energy transition is one of the biggest challenges facing society.

The Canadian government is now awaiting a concrete private-sector proposal to develop a new oil pipeline connecting Alberta to the Pacific coast, following recent legislation intended to expedite energy projects.
Petrobras is exploring various strategies for its Polo Bahia oil hub, including potentially selling it, as current profitability is challenged by oil prices around $65 per barrel.
Brazilian producer Azevedo & Travassos will issue new shares to buy Petro-Victory and its forty-nine concessions, consolidating its onshore presence while taking on net debt of about USD39.5mn.
Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.
Lindsey refinery could halt operations within three weeks due to limited crude oil reserves, according to a recent analysis by energy consultancy Wood Mackenzie, highlighting an immediate slowdown in production.
The flow of crude between the Hamada field and the Zawiya refinery has resumed after emergency repairs, illustrating the mounting pressure on Libya’s ageing pipeline network that threatens the stability of domestic supply.
Libreville is intensifying the promotion of deep-water blocks, still seventy-two % unexplored, to offset the two hundred thousand barrels-per-day production drop recorded last year, according to GlobalData.
The African Export-Import Bank extends the Nigerian oil company’s facility, providing room to accelerate drilling and modernisation by 2029 as international lenders scale back hydrocarbon exposure.
Petronas begins a three-well exploratory drilling campaign offshore Suriname, deploying a Noble rig after securing an environmental permit and closely collaborating with state-owned company Staatsolie.
Swiss commodities trader Glencore has initiated discussions with the British government regarding its supply contract with the Lindsey refinery, placed under insolvency this week, threatening hundreds of jobs and the UK's energy security.
Facing an under-equipped downstream sector, Mauritania partners with Sonatrach to create a joint venture aiming to structure petroleum products distribution and reduce import dependency, without yet disclosing specific investments.
Oil companies may reduce their exploration and production budgets in 2025, driven by geopolitical tensions and financial caution, according to a new report by U.S. banking group JP Morgan.
Commercial oil inventories in the United States rose unexpectedly last week, mainly driven by a sharp decline in exports and a significant increase in imports, according to the US Energy Information Administration.
TotalEnergies acquires a 25% stake in Block 53 offshore Suriname, joining APA and Petronas after an agreement with Moeve, thereby consolidating its expansion strategy in the region.
British company Prax Group has filed for insolvency, putting hundreds of jobs at its Lindsey oil site at risk, according to Sky News.
Orlen announces the definitive halt of its Russian oil purchases for the Czech Republic, marking the end of deliveries by Rosneft following the contract expiry, amid evolving logistics and diversification of regional supply sources.
Equinor and Shell launch Adura, a new joint venture consolidating their main offshore assets in the United Kingdom, aiming to secure energy supply with an expected production of over 140,000 barrels of oil equivalent per day.
Equinor announces a new oil discovery estimated at between 9 and 15 mn barrels at the Johan Castberg field in the Barents Sea, strengthening the reserve potential in Norway's northern region.
Sierra Leone relaunches an ambitious offshore exploration campaign, using a 3D seismic survey to evaluate up to 60 potential oil blocks before opening a new licensing round as early as next October.
Faced with recurrent shortages, Zambia is reorganising its fuel supply chain, notably issuing licences for operating new tanker trucks and service stations to enhance national energy security and reduce external dependence.