Shell’s Whale field is found in the Alaminos Canyon Block
Shell greenlights Whale venture
Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable
Shell has reached FID on the Whale development in the US Gulf of Mexico, the company announced on 26 July. The move comes at a time when deepwater FIDs on new standalone developments in the Gulf have become rare, and illustrates it is still possible to move forward with such projects. The FID announcement comes as Shell is stepping up its decarbonisation efforts. Indeed, the company says Whale will use energy-efficient gas turbines and compression systems, adding the Gulf has among the lowest greenhouse gas intensities in the world for producing oil. “Shell approving Whale does not come as a surprise to us, given the quality of the asset,” says Jared Kugler, a senior associate at data analyt
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
