Shell, Equinor, Sempra: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

CORPORATE
Shell Raises Russia Writedown to Up to $5 Billion - Shell plc (NYSE:SHEL) (London, England) will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, the company said on Thursday. The post-tax impairments of between $4 billion and $5 billion in the first quarter will not impact the company's earnings, Shell said in an update ahead of its earnings announcement on May 5. (Reuters)

LNG
Sempra Wins Extension for Texas LNG Project - The Federal Energy Regulatory Commission (FERC) said on Thursday it granted Sempra Energy (NYSE:SRE) (San Diego, California) an extension to build two pipelines in Texas and Louisiana to connect to its Port Arthur LNG plant until March 31, 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)

PRODUCTION
Canada Approves Bay du Nord Offshore Project - The Canadian government on Wednesday approved a $12 billion offshore oil project proposed by Norway's Equinor ASA (NYSE:EQNR) (Stavanger) after an environmental assessment concluded it would not cause significant adverse effects. Subscribers to Industrial Info's Production Project Database can click here for the project report. (Reuters)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.