Long-term offtakers of Venture Global LNG Inc.’s Calcasieu Pass terminal in Louisiana are again pressing FERC to make the export project developer provide information about the facility, this time targeting a request to extend the commissioning process. Earlier this month, Venture asked the Federal Energy Regulatory Commission to extend the deadline for its 10 million…
Shell plc
Articles from Shell plc
Asia Could Drive 50% Rise in Global LNG Demand By 2040, Shell Says
Shell plc has tempered its expectations for peak LNG demand over the next two decades, but the top natural gas trader still expects the current buildout of export capacity led by the United States to fall short of rising global consumption driven by Asia. In its latest liquefied natural gas market outlook, the London-based integrated…
Shell Looks to Join BP’s Push for Calcasieu Pass LNG Commissioning Probe
Shell plc is looking to intervene in a complaint against Venture Global LNG Inc. one of its fellow contract holders, BP plc, filed with FERC late last year. In December, BP filed a request with the Federal Energy Regulatory Commission requesting it compel Virginia-based Venture Global to release confidential information about the extended commissioning process…
Shell Shoring Up More U.S. Deepwater Natural Gas, Oil by Sanctioning Great White, Sparta
The deepwater Gulf of Mexico is getting renewed attention by Shell plc, which recently sanctioned two big projects in a row. In the Great White unit, a prolific oil- and natural gas-rich area of the deepwater, is set to expand with three wells, which would be processed through the Perdido platform in Mississippi Canyon, according…
Venture Global CEO Criticizes Shell, BP as Dispute With LNG Offtakers Continues
Venture Global LNG Inc. CEO Michael Sabel said some of the company’s long-term offtakers are attempting to undermine the new exporter’s competitive edge in pointed comments published Tuesday by the Financial Times. Sabel’s comments are some of his strongest yet in what’s become a very public dispute with offtakers that have accused the company of…
Chihuahua Government Backs Mexico Pacific’s Proposed 2.8 Bcf/d Sierra Madre Natural Gas Pipeline
Mexico Pacific Ltd. LLC has reached an agreement with the government of Chihuahua state to facilitate development of the proposed 2.8 Bcf/d Sierra Madre natural gas pipeline. Sierra Madre would supply Permian Basin gas from the U.S. border across the states of Chihuahua and Sonora to Mexico Pacific’s proposed Saguaro Energía LNG export terminal envisioned…
Shell’s Global LNG Business Traded Tumult for Opportunity in Volatile Third Quarter
Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday. The company’s chief shared insight about the overall quarterly performance during a conference call in London with CFO Sinead Gorman. Overall gas and oil production volumes declined from…
Shell, Trinidad and Tobago Looking to Finalize Venezuela Natural Gas Development
The island nation of Trinidad and Tobago is aiming to take a “significant step forward” in gathering Venezuelan natural gas to support domestic demand and LNG exports after the United States granted an amended license, according to Energy Minister Stuart Young. In a press conference late Tuesday, Young said he expects to complete negotiations with…
Shell Prioritizing LNG, Upstream Ventures – and Shareholders – in Revamped Capital Plans
Investments in low-emission technologies are taking a backseat to Shell plc’s Integrated Gas arm, as LNG prospects show promise for years to come, the executive team said Wednesday. Speaking during a Capital Markets Day at the New York Stock Exchange, CEO Wael Sawan said the London-based integrated major is tilting toward buffing up the Integrated…
Shell CEO Says Natural Gas and Oil Key to Future, with Demand Rising
Shell plc is not going to determine how quickly the energy transition happens, but there is a role going forward for natural gas and oil, the CEO said last week. CEO Wael Sawan, who took the helm in January from long-time chief Ben van Beurden, spoke at CERAWeek by S&P Global in Houston. Asked if…