Shell, TotalEnergies: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

EARNINGS
Shell's Third-Quarter Refining Margins Drop Sharply - Shell plc's (NYSE:SHEL) (London, England) refining profit margins dropped by nearly 30% in the third quarter of 2024 from the previous three months as global demand sagged, while oil product trading earnings also weakened, the company said on Monday. A drop in refining margins in recent months, a result of slowing global economic activity and new refineries coming online, is set to weigh on third quarter earnings of the world's top energy companies. (Reuters)

POWER
Exit Poll: Kazakhstan Votes in Favor of Nuclear Plant Power Construction - Kazakhstan voted in a referendum on Sunday on whether to build its first nuclear power plant, and an exit poll showed voters backed the idea promoted by President Kassym-Jomart Tokayev's cabinet as a way to phase out polluting coal plants. An exit poll of about 284,000 voters showed 69.8% of them voted in favor of the plan, local pollster SOCIS-A said hours after the vote ended. (Reuters)

LNG
TotalEnergies Wins Bulgarian LNG Contract - Bulgaria's largest natural gas distribution company, Bulgargaz (Sofia) said on Friday that French oil major TotalEnergies SE (NYSE:TTE) (Courbevoie, France) ranked first in a tender offer to supply liquefied natural gas (LNG) in November and December to the Alexandroupolis terminal in Greece. The tender is for the supply of one cargo each month of 1,000 gigawatt-hours, according to a press release by the Bulgarian company. (Reuters)

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About IIR Energy
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 leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).