Shell

Shell Australia Pty Ltd. and joint venture partner SGH Energy are moving forward with developing the Crux natural gas field offshore Western Australia, a project to supply the existing Prelude floating liquefied natural gas (FLNG) facility. Crux is expected to have capacity to supply the Prelude FLNG facility with up to 550 MMcf/d. Construction is…

Shell plc’s energy transition strategy got a thumb’s up Tuesday from shareholders during an annual general meeting that was disrupted for hours by protestors. During a live feed of the proceedings in London, demonstrators shouted insults and sang protest songs, which led Chairman Andrew Mackenzie to formally delay the event. Before police arrived, some protestors…

Canada’s energy industry and the regulators that oversee it need to get serious quickly if the country expects to be a player in the global natural gas market, a panel of exploration and production (E&P) executives said this week at a conference in Vancouver, British Columbia (BC).  Countries across the world are scrambling for additional…

Shell plc, the world’s largest natural gas buyer, continues to nab agreements to buy more supply in a world ever thirstier for the fuel, CEO Ben van Beurden said Thursday. Addressing investors during the first quarter conference call, van Beurden was joined by new CFO Sinead Gorman, who took over for long-time financial chief Jessica…

A spike in oil and natural gas prices should lead to a sharp increase in first quarter results for Shell plc, but its exit from Russia is likely to be a one-time $4-5 billion writedown, the London-based major said Thursday. In its 1Q2022 preliminary results, the world’s largest liquefied natural gas (LNG) trader said gas…

Shell plc has committed to taking a large portion of import capacity for the future liquefied natural gas (LNG) terminal planned by German LNG Terminal GmbH, a facility buoyed by support from the government. In a memorandum of understanding (MOU), which does not set out final terms, the amount of LNG to be contracted by…

Shell plc is withdrawing its involvement in “all Russian hydrocarbons,” it said Tuesday, including oil, petroleum products, natural gas and liquefied natural gas (LNG). “As an immediate first step, the company will stop all spot purchases of Russian crude oil” and “shut its service stations, aviation fuels and lubricants operations in Russia.”  The phased approach…

Global demand for liquefied natural gas (LNG) is expected to cross 700 million metric tons/year (mmty) by 2040, a 90% increase from 2021 consumption, according to Shell plc. In Shell’s latest LNG Outlook, the energy major said Asia was expected to consume most of the growth as “domestic gas production declines, regional economies grow and…

ConocoPhillips plans to keep the number of rigs steady on Permian Basin acreage recently acquired from Shell plc. “We plan to continue running four rigs on that property, the same activity rate that Shell was running, through the remainder of this year,” Executive Vice President Tim Leach who oversees Lower 48 operations told analysts during…