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Russia Moves for Control of Sakhalin-2 LNG, Jeopardizing Foreign Ownership Stakes

Russia Moves for Control of Sakhalin-2 LNG, Jeopardizing Foreign Ownership Stakes

Russia is moving to further tighten its grip on the nation’s oil and natural gas supplies, issuing a decree for the country to take over the Sakhalin-2 liquefied natural gas (LNG) export project on Sakhalin Island north of Japan.  An executive order signed by Russian President Vladimir Putin to “protect the national interests” calls for…

July 1, 2022
Prelude FLNG Cancels Cargo Deliveries Amid Union Strike

Prelude FLNG Cancels Cargo Deliveries Amid Union Strike

The Prelude floating liquefied natural gas (LNG) export facility offshore Western Australia has canceled cargo deliveries through mid-July as labor unions representing workers on the vessel initiate work stoppages. Shell plc told multiple news outlets this week that it has notified customers of the cancellations, citing the impacts of a strike that started on June…

June 29, 2022
TotalEnergies Awarded Stake in Qatar’s North Field East LNG Project

TotalEnergies Awarded Stake in Qatar’s North Field East LNG Project

TotalEnergies SE has been awarded an equity stake in Qatar’s massive North Field East (NFE) liquefied natural gas (LNG) expansion project.  The French major becomes the first partner in the 32 million metric tons/year (mmty) project. It was awarded a 25% interest alongside QatarEnergy (QE), which has a 75% stake.   “This new partnership will enable…

June 13, 2022
Shell, Japanese Utilities Tapping Low-Carbon Natural Gas Alternatives

Shell, Japanese Utilities Tapping Low-Carbon Natural Gas Alternatives

Shell plc’s decarbonization agreement with two Japanese liquefied natural gas (LNG) customers could increase the use of low-carbon alternatives within the decade. Tokyo Gas Co. and Osaka Gas Co. have signed a nonbinding framework with Shell’s Singapore-based subsidiary to consider natural gas and carbon capture, utilization and sequestration (CCUS) projects. Each Japanese company plans to…

June 7, 2022
Shell Green Lights Crux Project Offshore Australia to Feed Prelude FLNG

Shell Green Lights Crux Project Offshore Australia to Feed Prelude FLNG

Shell Australia Pty Ltd. and joint venture partner SGH Energy are moving forward with developing the Crux natural gas field offshore Western Australia, a project to supply the existing Prelude floating liquefied natural gas (FLNG) facility. Crux is expected to have capacity to supply the Prelude FLNG facility with up to 550 MMcf/d. Construction is…

May 31, 2022
Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Shell plc’s energy transition strategy got a thumb’s up Tuesday from shareholders during an annual general meeting that was disrupted for hours by protestors. During a live feed of the proceedings in London, demonstrators shouted insults and sang protest songs, which led Chairman Andrew Mackenzie to formally delay the event. Before police arrived, some protestors…

May 24, 2022
Canada ‘Missing the Boat’ on More LNG Export Opportunities, E&P Execs Warn

Canada ‘Missing the Boat’ on More LNG Export Opportunities, E&P Execs Warn

Canada’s energy industry and the regulators that oversee it need to get serious quickly if the country expects to be a player in the global natural gas market, a panel of exploration and production (E&P) executives said this week at a conference in Vancouver, British Columbia (BC).  Countries across the world are scrambling for additional…

May 11, 2022
Shell CEO Says Energy Security ‘Cannot Be Taken For Granted’ as Global LNG Projects Advance

Shell CEO Says Energy Security ‘Cannot Be Taken For Granted’ as Global LNG Projects Advance

Shell plc, the world’s largest natural gas buyer, continues to nab agreements to buy more supply in a world ever thirstier for the fuel, CEO Ben van Beurden said Thursday. Addressing investors during the first quarter conference call, van Beurden was joined by new CFO Sinead Gorman, who took over for long-time financial chief Jessica…

May 5, 2022
Shell Forecasting Windfall from Natural Gas and Oil Prices, but Costly Russian Exit

Shell Forecasting Windfall from Natural Gas and Oil Prices, but Costly Russian Exit

A spike in oil and natural gas prices should lead to a sharp increase in first quarter results for Shell plc, but its exit from Russia is likely to be a one-time $4-5 billion writedown, the London-based major said Thursday. In its 1Q2022 preliminary results, the world’s largest liquefied natural gas (LNG) trader said gas…

April 7, 2022
Shell Taps German LNG Project for ‘Substantial’ Capacity

Shell Taps German LNG Project for ‘Substantial’ Capacity

Shell plc has committed to taking a large portion of import capacity for the future liquefied natural gas (LNG) terminal planned by German LNG Terminal GmbH, a facility buoyed by support from the government. In a memorandum of understanding (MOU), which does not set out final terms, the amount of LNG to be contracted by…

March 24, 2022
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