Tag: Shell

Shell Plc said that it delivered record volumes of liquefied natural gas (LNG), reaching reached 1.1 million tons to power ships in 2024.

Shell has published its LNG Outlook for 2025, finding that global demand for liquefied natural gas (LNG) is forecast to rise by around 60% by 2040, largely driven by economic growth in Asia, emissions reductions in heavy industry and transport as well as the impact of artificial intelligence.

The influence of AI is being felt in many areas, but over the next 20 to 30 years, it could bring significant changes to the energy system. Furthermore, Shell notes in a recent report that renewable and nuclear power are expected to decarbonize many energy services through electrification.

The Maritime and Port Authority of Singapore (MPA) announced that there is no more oil leak observed in the cooling water discharge channel.

An oil spill occurred at the Shell loading terminal in Nigeria’s Delta region after a pipeline ruptured on 14 November.

Shell christened and took delivery of its newest LNG bunker barge, Energy Stockholm, with a capacity of 8,000 m³.

Singapore's Temasek Holdings is finalizing the sale of certain assets from its liquefied natural gas (LNG) trading firm, Pavilion Energy, to Shell, with the deal expected to close imminently.

Shell has its released its latest Energy Transition Strategy, in which it informs that it is investing $10-15 billion in low-carbon energy solutions between 2023 and the end of 2025. 

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth, according to Shell’s LNG Outlook 2024.

Seatrium has renewed its long-term Favoured Customer Contract (FCC) with GasLog LNG Services Ltd and Shell International Trading and Shipping Company Limited (STASCO) to provide ship repairs, refurbishment and upgrading for their LNG carriers from 2024 to 2029, with an option for further renewal. This contract marks a collaborative partnership between Seatrium and these two leading maritime companies with whom the Group has established a long history of collaboration. As informed, the contract involves the repairs, refurbishment and upgrading of the two entities’ combined fleet of 43 LNG carriers docking in South East Asia to Seatrium Repairs and Upgrades, a wholly-owned subsidiary of the Group. It also supports joint planning, information and experience sharing, leveraging complementary resources of the Group to achieve sustainable targets in HSE (Health, Safety and Environment), quality, cost efficiency and timely deliveries. We are delighted to renew our favoured customer agreement for another five years. We have enjoyed many years of partnership to refit the majority of our fleet here and trusted Seatrium in the conversion of our Floating Storage Regasification Unit (FSRU). The recent tender we jointly  ran with STASCO indicates that Seatrium remains a competitive shipyard offering high quality services.  ..Kostas Karathanos, Chief Operating ...