After 2 years of testing, Shell is going all in on using high-flying technology to catch methane leaks to reduce its overall emissions to less than 1%. Winning innovators focused on environment, safety, and operational efficiency. Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash. Two of the biggest assets to suffer from the new valuation are in Australia. Shell’s QGC venture and its floating liquified natural gas facility, Prelude, have been reduced in value by up to $9 billion.