Sunday, March 8, 2026

Too Hot to Handle? Shell’s Gaza Gas Field Sale Hits Problems

From Reuters It may prove to be Royal Dutch Shell’s hardest sell. The Anglo-Dutch group is struggling to find a buyer for its gas field off the Gaza Strip, even among energy companies long used to dealing with projects fraught with political and security risks. At least one European company has shown interest in the undeveloped Gaza Marine field following

U.S. Crude Prompt Spread Hits Three-Year High on Cushing Draws

From Reuters Front-month U.S. crude’s premium to the second-month rose to the highest in more than three years on data showing a large draw in inventories at the Cushing, Oklahoma delivery point for U.S. crude futures. * U.S. crude futures for February delivery traded as much as 25 cents a barrel over futures for delivery in March CLc1-CLc2, the highest

Norway Forecast to Match 2017 Record Pipeline Exports This Year

From Reuters * Norway exported 117.4 bcm of pipeline gas in 2017 * Gassco expects exports to remain steady in 2018 * Norway increased Troll gas field production quota * Gassco studies connection point for Baltic Pipeline (Adds quotes from Gassco CEO)   Norway’s pipeline exports of natural gas to Europe in 2018 should match last year’s record 117.4 billion