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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
Most U.S. LNG Went to Europe Last Month - U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up demand and prices for the superchilled gas rose, preliminary data from financial firm LSEG showed. Nearly nine of every ten cargoes leaving the U.S. headed to Europe, while total exports to all countries for the month reached 8.46 million metric tonnes (MT). Of the 8.46 MT sold in January, 7.25 MT, or 86%, went to Europe, versus 5.84 MT, or 69%, sold to the continent in December, LSEG data showed. (Reuters)
CORPORATE
Talos Energy Names New CEO - Oil and gas producer Talos Energy Incorporated (NYSE:TALO) (Houston, Texas) said on Monday it has named Shell plc (NYSE:SHEL) (London, England) executive Paul Goodfellow as its chief executive officer (CEO), effective March 1. Goodfellow will succeed Talos' founder and long-time CEO Tim Duncan, who stepped down in August after serving more than 12 years as the U.S. oil and gas firm's top boss. (Reuters)
POWER
Shell Exits Atlantic Shores Offshore Wind Project with Near-$1 Billion Writedown - Shell is pausing its involvement in the Atlantic Shores Offshore Wind Project after booking close to $1 billion in impairments at a time when the U.S. offshore wind segment is facing political challenges following the return of President Donald Trump to the White House. Shell's decision to withdraw from the offshore projects will result in a $996 million impairment charge booked in its fourth quarter 2024 financial results and mainly related to its renewable energy assets in North America. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project report. (Renewables Now)
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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).
LNG
Most U.S. LNG Went to Europe Last Month - U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up demand and prices for the superchilled gas rose, preliminary data from financial firm LSEG showed. Nearly nine of every ten cargoes leaving the U.S. headed to Europe, while total exports to all countries for the month reached 8.46 million metric tonnes (MT). Of the 8.46 MT sold in January, 7.25 MT, or 86%, went to Europe, versus 5.84 MT, or 69%, sold to the continent in December, LSEG data showed. (Reuters)
CORPORATE
Talos Energy Names New CEO - Oil and gas producer Talos Energy Incorporated (NYSE:TALO) (Houston, Texas) said on Monday it has named Shell plc (NYSE:SHEL) (London, England) executive Paul Goodfellow as its chief executive officer (CEO), effective March 1. Goodfellow will succeed Talos' founder and long-time CEO Tim Duncan, who stepped down in August after serving more than 12 years as the U.S. oil and gas firm's top boss. (Reuters)
POWER
Shell Exits Atlantic Shores Offshore Wind Project with Near-$1 Billion Writedown - Shell is pausing its involvement in the Atlantic Shores Offshore Wind Project after booking close to $1 billion in impairments at a time when the U.S. offshore wind segment is facing political challenges following the return of President Donald Trump to the White House. Shell's decision to withdraw from the offshore projects will result in a $996 million impairment charge booked in its fourth quarter 2024 financial results and mainly related to its renewable energy assets in North America. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project report. (Renewables Now)
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).
