Shell announced that global demand for liquefied natural gas is estimated to rise by 54-68% by 2040 and 45-85% by 2050 from 422 million metric tons per annum in 2025. The energy company said LNG demand is expected to increase from 422 MTPA in 2025 to between 650 MTPA and 710 MTPA by 2040, and ...

LNG Prime • Mar 16

Shell expects LNG demand to rise up to 780 mtpa by 2050

Global demand for liquefied natural gas (LNG) is expected to increase from 422 mtpa in 2025 to between 610 mtpa and 780 mtpa by 2050, or by around 45-85 percent, according to Shell's newest report.

Offshore Energy • Mar 13

US scoops up nearly $47M in high bids for second Gulf of America oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) has held the second out of thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales under the One Big Beautiful Bill Act, gathering $46.9 million in high bids from multiple players, including BP, Chevron, Shell, LLOG, Walter Oil & Gas ...

OilPrice.com • Mar 13

Global Energy Markets in Crisis as War Chokes Supply Chains

Oil on War Footing The disruption to Qatar’s LNG system is now spreading through the global trading network. Shell and TotalEnergies have begun notifying customers that deliveries may be disrupted after QatarEnergy halted LNG production following drone strikes on Ras Laffan and Mesaieed. These co...

Offshore Engineer • Mar 13

Shell Sees Encouraging Signs at Sirius-1X Exploration Well Offshore Egypt

The drilling results from Shell’s Sirius 1X exploratory well in the Mediterranean Sea offshore Egypt have shown encouraging initial indications, Egypt’s Ministry…

Offshore Energy • Mar 12

Shell’s Mediterranean gas drilling ops lead to ‘encouraging initial indications’

UK-headquartered energy giant Shell has seen promising initial results off the coast of Egypt, thanks to drilling activities undertaken with a drillship owned by Scotland-headquartered offshore drilling contractor Stena Drilling. The post Shell’s Mediterranean gas drilling ops lead to ‘encouragin...

Rigzone • Mar 12

EIB to Shell Out $87B in Clean Energy Financing over 3 Years

The European Commission adopted a new Clean Energy Investment Strategy under which the European Investment Bank is expected to roll out EUR 75 billion over the next three years.

Offshore Energy • Mar 11

Shell and TPAO welcome OMV Petrom as partner in Black Sea exploration project

Southeastern Europe’s integrated energy player OMV Petrom, an affiliate of Austria’s OMV, has joined the UK-headquartered energy giant Shell and Türkiye‘s national oil and gas giant, Türkiye Petrolleri A.O. (TPAO), at an offshore block in the Bulgarian sector of the Black Sea. The post Shell and ...

OilPrice.com • Mar 11

Shell and TotalEnergies Issue Force Majeure After Qatar LNG Shut Down

Several major energy traders have begun declaring force majeure to their own customers after Qatar’s LNG shutdown rippled through global gas markets, according to Reuters sources on Wednesday. Companies including Shell and TotalEnergies–both major portfolio players that lift liquefied natural gas...

Seeking Alpha Energy • Mar 11