Shell received regulatory approval from the Louisiana Department of Conservation and Energy for its Rome Export Pipeline, which will transport oil from BP's new Kaskida ultra-deepwater development in the Gulf of Mexico. The coastal use permit allows the pipeline to proceed, though the route crosses critical habitats and major restoration areas, drawing environmental and regulatory attention. Shell's share price stands at £29.33, up 6.3% year to date and 18.3% over the past year, but down 5.9% over the last month. The project links Shell to BP's first new Gulf oil field since Deepwater Horizon, potentially influencing future production volumes and cash flows.
Shell plcShell received regulatory approval for the Rome Export Pipeline, which will transport oil from BP's Kaskida field, generating revenue.
BP PLCPipeline will transport oil from BP's new Kaskida field, enabling production and cash flows.