Two Shell employees issued an open letter, a rare occurrence within the energy giant, expressing their concerns about Shell's plan to scale back investments in renewables and low-carbon businesses.
This plant serves the Ormen Lange field and is connected to the Polarled pipeline in the Norwegian Sea.
Fourteen companies have been awarded 21 licenses, covering approximately 12,000 square kilometers of depleted oil and gas reservoirs and saline aquifers.
Shell anticipates that Jackdaw, located about 155 miles east of Aberdeen, will begin production around the middle of this decade.
Under this agreement, Shell Energy will annually supply 144 gigawatt hours of natural gas and 56 gigawatt hours of renewable electricity to Hydro's UK sites.
This development follows a fresh sales process initiated in May to identify a new buyer for Shell's stake after the supermajor announced its withdrawal from the project in December 2021.
This settlement also involves five former and current officers and employees.
Gas production from Timi field began on August 22, 2023.
While Namibia has yet to achieve oil and gas production, the country has attracted significant attention from international energy companies, particularly after Shell and TotalEnergies made discoveries in its offshore areas.
The independent oil supplier, with a workforce of 155 employees, has joined forces with global energy leader Shell to distribute Shell’s GTL Fuel to agricultural enterprises.
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