LNG

BP boosts dividend after profit hits 14-year high

Profits soar to $8.45 bln, far exceeding forecasts BP boosts dividend by 10% BP to boost spending on oil and gas, CEO says Profits driven by strong oil trading, hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins …

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Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com register Shell announced $6 bln buyback program Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – …

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Europe races to cut Russian gas usage amid new Putin warning

Nord Stream 1 pipeline out of action for maintenance Pipeline due to resume pumping on Thursday EU says states must act now to reduce gas consumption Germany, others have rationing and other plans in place BRUSSELS/LONDON, July 20 (Reuters) – The European Union will set out emergency plans on Wednesday to curb gas usage after …

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Exclusive: Russia’s Gazprom declares force majeure on some gas supplies to Europe

A view shows a screen with the logo of Gazprom at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. REUTERS/Anton Vaganov/ Register now for FREE unlimited access to Reuters.com register LONDON, July 18 (Reuters) – Russia’s Gazprom (GAZP.MM) has declared force majeure on gas supplies to Europe to at …

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Soaring US Production Can’t Keep LNG Prices In Check

Nymex natural gas for August delivery was quoted at $6.49/MMBtu in Friday’s session, good for a nearly 70% climb in the year-to-date. The natural gas rally has come mainly thanks to Russia’s war on Ukraine, which has supercharged the American LNG boom. Europe has displaced Asia as the top destination for US LNG, and now …

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Energy Security Trumps Climate As EU Agrees To Pipeline Expansion

The European Commission and the Azerbaijani government have sealed a preliminary deal for expanding the Trans-Adriatic Pipeline that brings Azerbaijani gas into Europe as part of the EU’s efforts to reduce its dependence on Russian gas. “The Sides aspire to support bilateral trade of natural gas, including through exports to the European Union, via the …

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Europe may need to ration energy this winter, Shell CEO says

Ben van Beurden, chief executive officer of Royal Dutch Shell, speaks during the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com register OXFORD, Britain, July 14 (Reuters) – Europe may need to ration energy supplies in what is shaping up to be a …

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Ships get older and slower as emissions rules bite

Average age of vessels up more than two years since 2017 New emissions rules may force older ships to go slower One-fifth of ships fitted with energy saving devices New vessels and alternative fuels the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about …

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Shell Continues Exporting LNG From Australian Facility Despite Strike

Shell continues to load liquefied natural gas from the offshore Prelude facility in Australia despite industrial action, Reuters has reported, citing the company. According to the report, Shell has loaded and shipped a tanker of LNG from Prelude this week. The supermajor warned a week ago there would be loading disruptions at Prelude because of …

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