From S&P Global Platts Moscow — Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow. Russian LNG can offer at least three location options, Shell’s Senior Deal Lead Stuart Bradford said. He pointed to the
From Bloomberg Europe is expected to be the fastest-growing market for liquefied natural gas this year and will absorb the fuel despite Russia supplying record-high volumes by pipelines. The region is seen getting 20 million to 30 million tons more LNG this year, about double the increase in Asia, Royal Dutch Shell Plc said in a presentation in London on Monday. Asia’s
Sizeable profits: ExxonMobil adds $20.8 billion, Chevron $14.8 billion, Shell $21.4 billion Royal Dutch Shell (stock ticker: RDSA, $RDSA), ExxonMobil (stock ticker: XOM, $XOM) and Chevron (stock ticker: CVX, $CVX) have all reported 2018 earnings during the previous 24 hours. Shell earns $21.4 billion profit for the year Royal Dutch Shell started things off, reporting unaudited results yesterday, including full
Shell And Partners Start Deep-Water Production At Lula North In Brazil
From Bloomberg Royal Dutch Shell Plc is seeking buyers for an Ontario refinery and some sour gas facilities in Alberta as the company focuses on its $31 billion liquefied natural gas project in British Columbia. “These assets have been a cornerstone of Shell Canada for many years, however, they are no longer a fit with Shell’s evolving portfolio,” the company said
From Bloomberg A truce was reached in a dispute over a natural gas pipeline in western Canada, easing tensions for now as government leaders remain wary of intervening on the side of either the company or indigenous protesters. Hereditary leaders of the Wet’suwet’en First Nation in British Columbia reached a tentative deal with police late Wednesday to effectively allow work
From Bloomberg Royal Dutch Shell Plc is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year. Exxon Mobil Corp., Chevron Corp. and ConocoPhillips also weighed bids for Endeavor but their interest has waned, said the people,
From Reuters Royal Dutch Shell said on Monday it would expand the Shearwater gas hub in the British North Sea, its seventh project to get the green light in the aging basin this year. The project, a joint venture with Exxon Mobil and BP, will include a modification of the Shearwater platform to allow production and processing of wet gas
From Reuters Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday. “We continue to progress Prelude towards operations, with safety and quality being our main focus … We expect to see production around the end of the year,” she told Reuters
From Reuters LONDON (Reuters) – LNG Canada, the $30 billion liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided in October to construct the export terminal. It was the first major investment decision in a new North American LNG export project for
From Investor’s Business Daily Exxon Mobil (stock ticker: XOM), Chevron (stock ticker: CVX), ConocoPhillips (stock ticker: COP) and Royal Dutch Shell (stock ticker: RDSA) are reportedly interested in buying Endeavor Energy Resources, a privately held Permian Basin acreage holder. Chevron and Exxon are reportedly submitting first round bids for privately held Endeavor, sources told Bloomberg. Shell is considering participating and Conoco is also reportedly interested. Endeavor could be
From Reuters LONDON (Reuters) – Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program. Although the $5.6 billion quarterly profit slightly missed forecasts for a fourth quarter, investors took heart from a nearly 60 percent rise in
