Shell

Coastal GasLink’s Cost, Timeline Increase on Covid Workforce Slowdowns

Coastal GasLink’s Cost, Timeline Increase on Covid Workforce Slowdowns

The Covid-19 pandemic has inflicted increased construction costs and delay on Coastal GasLink, the conduit designed to supply the Royal Dutch Shell plc-led liquefied natural gas (LNG) export project underway in British Columbia (BC), according to TC Energy Corp. “We expect project costs will increase significantly and the schedule will be delayed,” TC management said…

February 19, 2021
Shell Riding with Natural Gas on Road Toward Net-Zero Emissions Future

Shell Riding with Natural Gas on Road Toward Net-Zero Emissions Future

In the most ambitious makeover in its century-old history, Royal Dutch Shell plc is throttling back oil production as it inches toward a low-carbon future, but for natural gas, global opportunities abound. During wide-ranging presentations on Thursday for the energy major’s Strategy Day, the executive team etched out a roadmap to retool, designed to reach…

February 12, 2021

Asia LNG Rally Continues with Cargo Bid at $26-Plus — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. has reportedly bid $26.15/MMbtu for an early February LNG cargo delivery to South Korea. The trading firm has reportedly bought cargoes on the Asian spot market at $21.70 and $20.80 in recent days for February delivery, shattering previous Japan Korea Marker…

January 7, 2021
Shell Marks Another $4.5 Billion in Oil, Gas Assets Up for Write-Down in 4Q

Shell Marks Another $4.5 Billion in Oil, Gas Assets Up for Write-Down in 4Q

Royal Dutch Shell plc expects to write down between $3.5 billion to $4.5 billion during the fourth quarter because of impairments, asset restructuring and onerous contracts. It would be the third time this year the Anglo-Dutch supermajor has written down assets. In a fourth quarter update, Shell said it expects to take a partial impairment…

December 22, 2020
Shell Charters Four New Low-Emission LNG Vessels for Delivery Starting Mid-2024

Shell Charters Four New Low-Emission LNG Vessels for Delivery Starting Mid-2024

Royal Dutch Shell plc, the world’s largest liquefied natural gas (LNG) trader, has chartered four newbuild, low-emission LNG tankers to be delivered beginning in mid-2024. “These ships will play a key role in lowering emissions from the Shell time charter fleet,” said Head of Shell Shipping & Maritime Grahaeme Henderson. “As well as reducing emissions…

December 15, 2020
Shell Readies Big Layoffs, Cites ‘Significant Impact’ to LNG Margins on Lagging Oil Prices

Shell Readies Big Layoffs, Cites ‘Significant Impact’ to LNG Margins on Lagging Oil Prices

Royal Dutch Shell plc’s global workforce by the end of 2022 is expected to have up to 9,000 fewer people, including 1,500 taking voluntary retirement this year, the energy major said in a third quarter update. Post-tax impairments in the 3Q2020 update were estimated at $1-1.5 billion. The preliminary report indicated that Shell expects to…

October 1, 2020
Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19

Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19

Construction of Royal Dutch Shell plc’s multi-billion dollar ethane cracker in western Pennsylvania is about 70% complete, while the 98-mile pipeline system that would feed the facility is 95% complete, a company executive said Tuesday, noting that the Covid-19 pandemic has complicated the project. “All of the major equipment is up, all of the modules…

September 29, 2020
Shell CEO Sees Covid-19 as Opportunity for ‘Green Recovery,’ as Net-Zero Emissions Goals Advance

Shell CEO Sees Covid-19 as Opportunity for ‘Green Recovery,’ as Net-Zero Emissions Goals Advance

Royal Dutch Shell plc is not backing off its ambition to become a net-zero emissions energy operator by 2050, and in fact, management expects Covid-19 to accelerate the energy transition. In a recorded video for the global workforce, CEO Ben van Beurden said Tuesday there was an “opportunity of a green recovery” as the world…

June 24, 2020
Goldboro LNG Hits Regulatory Snag in Alberta Related to Supply Acquisition

Goldboro LNG Hits Regulatory Snag in Alberta Related to Supply Acquisition

A second attempt is under way to fulfill environmental rules for a supply deal for the Goldboro liquefied natural gas export facility proposed for Canada’s east coast after the Alberta Energy Regulator (AER) rejected the first transaction plan.

May 20, 2020
Shell CEO Says Covid-19 May ‘Capitalize Society’ to Reduce Long-Term Oil, Natural Gas Demand

Shell CEO Says Covid-19 May ‘Capitalize Society’ to Reduce Long-Term Oil, Natural Gas Demand

Royal Dutch Shell plc is buttressing against an uncertain outlook for global oil and natural gas demand this year after profits were decimated in the first quarter by the impact of Covid-19.

April 30, 2020
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