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Shell’s LNG Trading Arm Said to Benefit from Global Natural Gas Price Gains

Shell’s LNG Trading Arm Said to Benefit from Global Natural Gas Price Gains

Lifted by soaring prices, Royal Dutch Shell plc’s liquefied natural gas (LNG) trading results for the final three months of 2021 are forecast to be “significantly higher” sequentially, the European major said Friday.  The world’s largest LNG trader provided the outlook in an interim report ahead of quarterly and year-end results, which are set to…

January 7, 2022
ConocoPhillips Targeting Higher Threshold as Permian Position Grows

ConocoPhillips Targeting Higher Threshold as Permian Position Grows

The proverbial bar went up for ConocoPhillips during 3Q2021, and CEO Ryan Lance on Tuesday said the largest independent in the United States is on the cusp of another big step in its growth trajectory.  After acquiring Permian Basin pure-play Concho Resources Inc. earlier this year, the Houston independent joined the ranks of the largest…

November 3, 2021
LNG Canada Construction Hits Halfway Point

LNG Canada Construction Hits Halfway Point

Construction on the first phase of the Royal Dutch Shell plc-led liquefied natural gas (LNG) export facility in British Columbia, known as LNG Canada, has hit the halfway point, with activity to accelerate in the coming months. In a notice posted on the LNG Canada website Wednesday, management said the project had “just surpassed the…

October 7, 2021
Permian Oil, Natural Gas Essential through Global Energy Transition, Says ConocoPhillips CEO

Permian Oil, Natural Gas Essential through Global Energy Transition, Says ConocoPhillips CEO

The decision to plunk down $9.5 billion to purchase Royal Dutch Shell plc’s Permian Basin assets is going to give ConocoPhillips a bountiful and low-cost supply that will be necessary as the world evolves toward a low-carbon future, CEO Ryan Lance said.  The mega deal announced late Monday is for Shell’s West Texas portfolio within…

September 23, 2021
Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
Tellurian Finalizes Offtake Agreements for First Phase of Driftwood LNG

Tellurian Finalizes Offtake Agreements for First Phase of Driftwood LNG

Tellurian Inc. on Thursday said it has secured enough offtake to support the first phase of its proposed Driftwood liquefied natural gas (LNG) export project in Louisiana after signing a deal with Royal Dutch Shell plc to supply 3 million metric tons/year (mmty).  The project hasn’t been sanctioned yet, but the sale and purchase agreement…

July 29, 2021
Whale of Oil, Gas Reserves Forecast to Flow by 2024 as Shell Sanctions Deepwater GOM Field

Whale of Oil, Gas Reserves Forecast to Flow by 2024 as Shell Sanctions Deepwater GOM Field

Shell Offshore Inc. on Monday pulled the trigger to develop Whale, its 12th deepwater host in the Gulf of Mexico (GOM), which could see peak production of 100,000 boe/d. The Alaminos Canyon field in Block 773, about 200 miles southwest of Houston, was discovered in 2017. The Royal Dutch Shell plc subsidiary operates the field…

July 27, 2021
Shell Considering Alberta CCS Expansion to Reduce Refinery, Petrochemical Emissions

Shell Considering Alberta CCS Expansion to Reduce Refinery, Petrochemical Emissions

Shell Canada Ltd. on Tuesday set a 2023 target for a decision on expanding its Alberta carbon capture and storage (CCS) operation by adding an Edmonton-area oil refinery and petrochemical plant to the network. The expansion, titled Polaris CCS, would collect 750,000 tons/year of greenhouse gas (GHG) emissions from Shell’s Scotford plants east of the…

July 14, 2021
Shell Signs Industry’s First Term Contract to Supply Carbon-Neutral LNG

Shell Signs Industry’s First Term Contract to Supply Carbon-Neutral LNG

Royal Dutch Shell plc said Monday that it has signed the world’s first term contract to supply carbon-neutral liquefied natural gas (LNG) to a PetroChina Co. Ltd. subsidiary.  Shell said it signed a five-year agreement with PetroChina International Co. Ltd. (PCI). It did not say how much carbon-neutral LNG would be supplied or when the…

July 12, 2021
Qatar Inks SPA with Shell to Expand LNG Supply to China

Qatar Inks SPA with Shell to Expand LNG Supply to China

Qatar Petroleum (QP) has inked another long-term sales and purchase agreement (SPA) to supply Royal Dutch Shell plc with 1 million tons (Mt) of liquefied natural gas (LNG).  Under the deal, QP would begin providing Shell with supplies from its Qatargas 1 trains beginning in January for 10 years. Shell would then deliver the cargoes…

July 1, 2021
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