Anwar AL MUTLAQ

Vice-President and Country Chair

SHELL KUWAIT

The Al Nokhatha offshore field is a significant milestone for Kuwait’s upstream segment and will be an attractive investment opportunity for IOCs.
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Shell In Figures

Proved oil and gas reserves (2024):9.62 billion boe

Oil and gas production (2024):2.84 million boepd

Free cash flow (2024):USD 39.5 billion

Capital expenditure (2024):USD 19.6 billion

Shell

Shell is one of the world’s largest energy and petrochemical companies, with operations in more than 70 countries and a workforce of more than 90,000 employees. The company has expertise in exploration, production, refining and petrochemicals, and the marketing of oil and natural gas. Shell also invests in power, renewable energy, electric vehicle charging and low-carbon transport fuels.

Shell’s operations are divided into four business lines:

  • Integrated gas and upstream: Exploration and extraction of crude oil, natural gas and natural gas liquids in conventional and unconventional fields and the conversion of gas to liquids and other products
  • Downstream: Operation of 46,000 service stations and the provision of products across 160 countries
  • Renewables and energy solutions: Solutions including electric-vehicle charging; low-carbon fuels; wind, solar and natural gas power; carbon credits; and carbon capture and storage
  • Projects and technology: Delivery of projects, research and innovation; the provision of technical services for its businesses; and leadership in HSE, procurement, well activities and greenhouse gas management

Shell’s goal is to provide more and cleaner energies to improve standards of living across the world while tackling climate change and the energy transition. For nearly 50 years, the company has committed itself to sustainable development and has continuously sought to balance economic, environmental and social considerations across all areas of its decision-making.

Shell News and Interviews

Shell divests US Gulf assets for $1.7 billion
NEWS
USA - July 02, 2026

Shell has agreed to sell its interest in the Na Kika platform and the Coulomb tieback to Talos Energy and Ridgewood Energy for…

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Equinor and partners invest to raise Troll gas output
NEWS
Norway - June 22, 2026

Equinor and partners have approved a $400-million investment to increase gas production from Norway’s offshore Troll field and…

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Angola’s ANPG begins a new cycle to prepare the country for the future of energy - ANG26 - Nicole MVUAYI - ANPG
Articles
Angola - June 15, 2026

Angola's ANPG has expanded its mandate to the natural gas midstream and adopted a new corporate identity to reflect its…

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A new opening for African gas - AFR26 - Julius D. RONE - UTM Offshore
Interview
Nigeria - June 15, 2026

Julius D. Rone of UTM Offshore talks about shifts in energy security priorities and new opportunities for African energy…

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Mexico to net USD 2.9 b from oil hedges
NEWS
Mexico - November 24, 2016

Mexico can expect some USD 2.9 billion from hedges against the low price of oil this year, the IMF said on Tuesday.

In 2015, the country spent some USD 1.09 billion…

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Interview
India - November 16, 2016

TOGY talks to Sudhir Mathur, the acting CEO of Cairn India, about exploration in Rajasthan, the benefits of the company’s merger with Vedanta and India’s move…

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Shell to invest USD 10 billion in Brazil
NEWS
Brazil - November 11, 2016

Shell is planning to invest USD 10 billion in Brazil over the next five years, the company told journalists on Thursday.

The decision was primarily linked to a bill…

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Interview
Egypt - November 10, 2016

TOGY talks to Ian Hewitt, CEO of PICO International Petroleum, about the opportunities in developing Egypt’s mature assets as well as areas where the government can…

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Nigeria, IOCs bury hatchet
NEWS
Nigeria - November 08, 2016

Nigeria’s Ministry of Petroleum Resources has reached a settlement with five international oil companies (IOCs) in a dispute over exploration and production costs,…

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Total inks preliminary South Pars deal
NEWS
Iran - November 08, 2016

As expected, Total on Tuesday signed a heads of agreement with National Iranian Oil Company (NIOC) for phase 11 of the South Pars development project.

Total will…

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Interview
Argentina - November 7, 2016

TOGY talks to Jorge Rivera, country manager for Halliburton in Argentina, about how the country’s oilfield services sector has been developing, with a focus on…

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Shell to build ethylene cracker in China
NEWS
China - November 03, 2016

A joint venture between Shell and the China National Offshore Oil Corporation (CNOOC) has taken over an ethylene cracker and several derivatives units being built by…

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