Shell and Qatar Petroleum’s Qatargas joint venture has shipped its first cargoes of LNG from Qatar to Gujarat in northern India. Qatargas has now become the world’s largest LNG producer. More at AME.
Shell
The World’s Largest LNG Producer
Shale Gas in the Karoo Basin, South Africa
Royal Dutch Shell has applied to receive exploration rights in the Karoo Basin of South Africa where they will assess the potential of organic black shales. More in a Reuters Africa article.
Acceleration of Activity in the Eagle Ford Shale
The successes of 2010 in the Eagle Ford Shale will probably make it one of the fastest growing oil and gas targets of 2011. Shell, BP, Statoil and CNOOC have all made major acquisitions in the Eagle Ford. More at FuelFix.com.
Shell Will Become a Natural Gas Company
Even though natural gas prices have fallen significantly and many in the industry say that there is a “gas glut”, Shell Oil Company is investing heavily in natural gas. President Marvin Odum says they will produce more gas than oil by 2012. More at CNN Money.
Demand for Gas Will Grow Twice as Fast as Demand for Oil
Peter Voser, CEO of Royal Dutch Shell, sees the demand for natural gas growing twice as fast as the demand for oil – motivated by potentially lower prices. Those same low prices might compete with the rapid development of renewable energy sources. More at GlobalLegbridge.
Royal Dutch Shell Buys into Marcellus Shale
A New York Times article reports that Royal Dutch Shell is buying the Marcellus Shale resources of East Resources.
Royal Dutch Shell Leases 150,000 Eagle Ford Shale Acres
An article in the Houston Chronicle reports that Royal Dutch Shell has leased 150,000 acres over the Eagle Ford Shale bringing their estimated gas holdings to a total of 21 trillion cubic feet.
New Players in the Gas Shale Plays
An article in the Calgary Herald explores how several large oil and gas companies have recently taken big stakes in the natural gas shales (ExxonMobil, Total, Shell, Reliance) and a coal company, Consol Energy, is buying natural gas assets from Dominion Resources.
ExxonMobil, Royal Dutch Shell and BP Target European Gas Shales
Although international oil companies such as ExxonMobil, Royal Dutch Shell and BP were not pioneers in the development of United States gas shales they are now working to acquire positions in Europe. More in a Financial Times article.
