Shell Plc will update its strategy on Tuesday, just a month after rival bp Plc unveiled a fundamental “reset.”
Shell CEO Wael Sawan is in the final stages of a two-year effort to shake up Shell by cutting costs, improving reliability and shedding under-performing units. Analysts and investors will be looking for plans for growth at the company’s crucial liquefied natural gas business and reassurance on oil reserves.
ARC Resources Ltd. said Tuesday it has entered into a deal to sell all of its offtake from the under-construction Cedar LNG in Canada to Exxon Mobil Corp.
Once upon a time, in the not-so-distant past, the United States was the world’s largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. But the script has since flipped. Thanks to the shale revolution and a penchant for hydraulic fracturing (fracking), the U.S. has transformed from energy junkie to pusher, with liquefied natural gas (LNG) as its hottest commodity.
The United States Department of Energy (DOE) on Monday granted a five-year deadline extension for Delfin LNG LLC to begin exports under its non-FTA permit.
Naftogaz Group and ORLEN SA have signed a memorandum of cooperation in the liquefied natural gas (LNG) sector to help Ukraine diversify its energy supply.
“The DOE erred in concluding that a ship-to-ship transfer of LNG from a bunkering vessel to another ship, regardless of where the transfer occurs, includes elements of both shipment from the United States and ‘subsequent entry into commerce at the destination, where the destination is a foreign country’”, JAX argued in the request, according to a recent DOE order granting rehearing.
Last week, U.S. President Donald Trump unveiled the National Energy Dominance Council that is tasked with enhancing America’s energy security and cutting reliance on foreign entities.
ADNOC has signed a sales and purchase agreement with Japanese utility Osaka Gas under which it will supply up to 800,000 tonnes per year (tpy) of LNG over 15 years, ADNOC announced on Thursday.
Last week, U.S. President Donald Trump unveiled the National Energy Dominance Council that is tasked with enhancing America’s energy security and cutting reliance on foreign entities.
Global LNG demand will increase by around 60% by 2040, driven by economic expansion in Asia, emissions reductions in heavy industry and transport, and the growing impact of AI, Shell has forecast in its LNG Outlook 2025.