Shell

Shell Vows to Appeal Dutch Ruling to More Quickly Slash CO2

Shell Vows to Appeal Dutch Ruling to More Quickly Slash CO2

Royal Dutch Shell plc is vowing to appeal what it called a “disappointing court decision” after a Dutch court ruled the energy major had to reduce its carbon emissions in 2030 by 45%, sharply more than planned. Shell has set a goal to reduce its carbon dioxide (CO2) emissions by the end of the decade…

May 27, 2021
Chevron, Toyota Team Up to Develop Viable Businesses in Hydrogen; Shell to Test Fuel for Shipping

Chevron, Toyota Team Up to Develop Viable Businesses in Hydrogen; Shell to Test Fuel for Shipping

Subsidiaries of Chevron U.S.A. Inc. and Toyota Motor Corp. said Wednesday they will join forces to develop “viable” and “large-scale businesses” to capitalize on the ascension of hydrogen as a clean source of fuel, including to meet expected future demand for fuel cell electric vehicles. The energy and auto majors said in a joint release…

April 23, 2021
Shell’s LNG Trading, Production Results for 1Q Slump Below Guidance

Shell’s LNG Trading, Production Results for 1Q Slump Below Guidance

Royal Dutch Shell plc said its Integrated Gas trading results for 1Q2021 fell “significantly below average,” in part because 80% of last year’s liquefied natural gas (LNG) term sales were oil-price linked, with a lag of up to six months. In a preview of quarterly results issued on Wednesday, the energy major said Upstream and…

April 7, 2021
Qatar Teams Up With Major Portfolio Players to Develop World’s Next LNG Tanker Design

Qatar Teams Up With Major Portfolio Players to Develop World’s Next LNG Tanker Design

Qatar Petroleum (QP) has joined forces with other major liquefied natural gas (LNG) players to collaborate on the development of new vessel designs to transport the super-chilled fuel across the world.  ExxonMobil, Royal Dutch Shell plc and Total SE joined with QP in signing an agreement to develop new medium and large LNG tankers with…

March 15, 2021
Shell Orders 10 LNG-Fueled VLCCs in Decarbonization Effort

Shell Orders 10 LNG-Fueled VLCCs in Decarbonization Effort

Royal Dutch Shell plc has ordered 10 oil tankers with dual-fuel liquefied natural gas (LNG) engines as it aims to boost its fleet. “This significant commitment will see Shell hit a new milestone for our fleet decarbonization with an average of 50% of our crude tankers on time charter powered by dual-fuel LNG engines once…

March 12, 2021
Shell Takes Delivery of Europe’s First Carbon-Neutral LNG Cargo

Shell Takes Delivery of Europe’s First Carbon-Neutral LNG Cargo

Russian state-owned Gazprom Group recently delivered to partner Royal Dutch Shell plc what the companies said is the first-ever carbon-neutral liquefied natural gas (LNG) cargo in Europe. Shell said Monday the cargo was unloaded at the Dragon LNG terminal in the UK, which would enable the supermajor to supply more carbon-neutral gas to the domestic…

March 9, 2021
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
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