Shell

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…

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…

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 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 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…

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 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 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…

Two New England states recently joined the northeastern regional hydrogen hub coalition, adding to the expanding list of agencies ready to benefit from federally funded projects.  With the addition of Rhode Island and Maine, the New York-led coalition now involves six states. Connecticut, Massachusetts and New Jersey were the first to partner with the New…