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Expects chemical loss, lifts LNG output
Shell Expects Higher LNG Output But Flags Continued Refining Weakness
Shell said it expected to report that liquefied natural gas production rose in the third quarter, and that quarterly gas trading was in line with the second quarter’s, potentially offsetting continued refining margin weakness.
Shell Q3 update: expects chemical loss, lifts LNG output
Shell (NYSE:SHEL) updated its Q3 guidance, the energy giant expects to lose money in its chemicals business, with refining margins in the segment expected to drop 29% to $5.50 a barrel. The chemicals margin is expected to move higher to $164 per tonne from $155 per tonne in Q2 despite marginal loss estimates for Q3.
Shell Flags Weaker Third-Quarter Refining Margins, Chemical Loss
Shell Plc saw refining margins decline in the third quarter and expects to lose money in its chemicals business, a performance that reflects the broader weakening of the economy.
4h
LNG Ships Divert to Europe to Tap Rally Driven by Mideast Fears
Liquefied natural gas cargoes are diverting away from Asia to Europe after fears of a wider war in the Middle East sent ...
8h
on MSN
Shell Lifts Guidance for LNG, Upstream Output
Shell said it expected its third-quarter gas trading to match the second quarter, while it raised its guidance for quarterly ...
7h
Cool Company: My Favorite LNG Stock As An Income Generator
Cool Company's long-term contracts provide revenue visibility, with a $1.8 billion backlog. See why I continue to rate CLCO ...
11h
LNG Needed For Decades to Ensure Energy Security, Importers Say
Liquefied natural gas will be needed for decades to ensure adequate energy supply, even as the world shifts to cleaner ...
Crude Oil Prices
1h
China is on a LNG Stockpiling Spree
China, the world's largest LNG importer, is set to keep the number-one spot this year and next and be an increasingly influential force on the global market as its natural gas storage is nearing ...
1d
Italy's Eni in talks with Japan on supplying LNG, executive says
Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian ...
Upstream
12h
JERA closes $1.5 billion RCF to support global LNG trading business
Singapore-based JERA Global Markets has closed its one-year syndicated Revolving Credit Facility (RCF) at US$1.495 billion, ...
esports
2d
DK vs LNG: all on the line! – Worlds 2024 Swiss Stage Preview
DK will go up against LNG in their Worlds Swiss stage qualification series: who's snatching the ticket to the top 8 first?
6d
Venture Global gets OK to take step in commercializing Louisiana Calcasieu LNG plant
U.S. liquefied natural gas (LNG) company Venture Global LNG got approval from U.S. energy regulators on Tuesday to ...
Upstream
15h
Eni aims to expand LNG supply to Japan in new agreement
Italy’s Eni and Japan’s Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation to ...
2d
FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged
FLEX LNG, with a fleet of modern LNG carriers, offers attractive dividends and maintains a strong balance sheet despite a ...
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Japan
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