Shell plc and Chevron Corp. affiliates have signed deals to help cut emissions and further the use of LNG in the shipping sector. Shell said late last month that it would further long-standing collaboration with Hapag-Lloyd by signing a multi-year agreement to supply the global shipper liquefied natural gas for its 12 ultra-large, dual-fuel container…
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Articles from Shell

Shell’s Prelude FLNG in Australia Still Offline After December Fire
Royal Dutch Shell plc’s Prelude floating LNG (FLNG) vessel offshore Western Australia remains offline more than three weeks after another fire broke out on board. Shell said a small fire was detected on Dec. 21 in a turbine enclosure and quickly extinguished. However, liquefied natural gas production was suspended pending an investigation, the company said. …

Shell Signals ‘Significantly Higher’ Natural Gas Profits for 4Q
Shell plc will pay around $2 billion in additional UK taxes for the final period of 2022, but the cut to revenue won’t overcome strong profits from natural gas trading, the London-based major said Friday. In fact, Shell said in a trading update that it should record “significantly higher” earnings for 4Q2022 even with a…

Pennsylvania Cites Shell Cracker for Emissions Violations Tied to Flaring
The Pennsylvania Department of Environmental Protection (DEP) has issued a notice of violation to Shell Chemicals Appalachia LLC for exceeding its air pollutant limits after operations began at its ethane cracker near Pittsburgh. Shell started operations at the massive complex in November. DEP said emissions of volatile organic compounds (VOC) exceeded the limits of its…

Natural Gas Producers, Exporters Prepare for Australia’s Proposed Price Cap Fallout
Australia’s proposed plan to protect domestic consumers from global natural gas market volatility has made major LNG exporters rethink domestic supply partnerships and sparked concern amongst countries reliant on Australian supplies. On Dec. 9, the government outlined an intervention plan that could cap domestic natural gas prices at around $8/gigajoule and coal at around $86/ton…

BP, Shell Sign Ownership Restructuring Agreement for Trinidad’s Atlantic LNG Facility
BP plc and Shell plc have agreed to restructure ownership in Trinidad and Tobago’s Atlantic LNG partnership, allowing the country’s state-owned firm to increase its stake while the majors focus on further upstream investments. Under the agreement, the partnership amongst the four-train liquefaction facility would be restructured to allow the state-controlled National Gas Company of…

Pennsylvania Governor OKs Act Adding $80M Annually in Tax Credits for Natural Gas, Hydrogen Purchases
Pennsylvania Gov. Tom Wolf, a Democrat in the second-largest U.S. natural gas-producing state, approved an act boosting tax credits for natural gas use by billions over decades. Act 108, enacted from House Bill (HB) 1059 and dubbed the Pennsylvania Economic Development for a Growing Economy (PA EDGE), amends the Keystone State’s tax code to bring…

Shell Boosts Stake in Qatar’s North Field LNG Expansion
QatarEnergy has selected Shell plc as its second partner in the North Field South (NFS) project, awarding a 9.75% stake in the 16 million metric tons/year (mmty) LNG expansion. QatarEnergy CEO Saad Sherida Al-Kaabi was joined by Shell CEO Ben van Beurden at a signing ceremony in Doha Sunday. Shell joins TotalEnergies SE, which was…

Russia’s Grip on Sakhalin Strengthens with ExxonMobil’s Exit
Russia’s control of global oil and natural gas supplies, and particularly LNG, has progressed with ExxonMobil’s exit from the Sakhalin-1 offshore oil project. ExxonMobil disclosed exited Sakhalin-1 after Russian President Vladimir Putin signed a decree expropriating the supermajor’s 30% stake “With its two recent decrees, the Russian government unilaterally terminated our interests in Sakhalin-1, and…

Kinder Sells Quarter Stake in Elba Island LNG for $565M
Kinder Morgan Inc. (KMI) has completed the sale of a 25.5% equity stake in Elba Liquefaction Co. LLC (ELC) to an undisclosed buyer for about $565 million, management said Tuesday. ELC, a joint venture between KMI and Blackstone Credit, owns the 2.5 million metric tons/year Elba Island LNG export terminal in Chatham County, GA. KMI…