Shell

TotalEnergies SE is on the hunt for more opportunities for affordable LNG like its recent grabs in the United States as Europe’s energy volatility and rising costs are likely to persist. Despite Europe’s falling oil and natural gas prices during the second quarter, CEO Patrick Pouyanné said “tensions” in the global gas market will mean…

Asian LNG prices remain higher than those in Europe as weak demand, high storage inventories and mild weather on parts of the continent are keeping a lid on the cost of natural gas. The August Title Transfer Facility (TTF) contract fell by 12% last week and the Japan-Korea Marker (JKM) prompt futures contract followed suit…

Shell plc expects its second quarter liquefaction volumes to range from 6.9 to 7.2 million tons (Mt). That’s compared to 7.2 Mt in the first quarter and 7.66 Mt in 2Q2022.

An affiliate of Shell plc has agreed with state regulators to pay $10 million for a fine and environmental projects in Western Pennsylvania after the company admitted to exceeding emissions limits at its massive ethane cracker outside of Pittsburgh. Under a consent order agreement (COA), Shell Chemicals Appalachia LLC will pay a roughly $4.9 million…

Canada’s largest natural gas producer, Tourmaline Oil Corp., is aiming to maximize its exposure to volatile North American markets, such as California, as well as global LNG pricing, management said last Thursday. CEO Michael Rose hosted a conference call to discuss first quarter results for Calgary-based Tourmaline, which operates throughout the Western Canadian Sedimentary Basin.…

The LNG market was again muted as the week got underway with hotter weather and restocking demand still in the offing. In Europe, the prompt Title Transfer Facility (TTF) gained just a penny in a quiet day of trading amid labor holidays across the continent. The June contract gave up 4% last week to finish…

The return of LNG volumes in Australia, as well as stable natural gas and oil trading, should boost Shell plc’s results in the first quarter, the integrated major said. Liquefied natural gas volumes are forecast to climb to 7.0-7.4 million metric tons (MT) in 1Q2023 from 6.8 MT in 4Q2022.  Shell, in a preview of…

Despite holding the world’s second largest natural gas reserves and having Russia as a new partner, Iran faces challenges to revive one of its three LNG export projects. Iran, the world’s third largest gas producer, shares the giant North Dome/South Pars field with Qatar, but it has fallen far behind in developing its reserves to…

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…