Shell Boosts LNG Production Forecast As Refining Margins Surge
0:42
MSNBenzinga
Shell Boosts LNG Production Forecast As Refining Margins Surge
Shell shares rose after updating Q3 guidance, highlighting stronger Trading & Optimization and higher LNG liquefaction volumes. The company expects refinery margins to improve but warned of weaker chemicals performance and a $200–$400 million hit from Brazilian asset rebalancing. Shares gained 0.58% premarket to $74.71.
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Shell Canada Projects
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Wind-turbines in Canada are subject to severe icing conditions, reducing their power production by up to 20% and resulting in $100 million in potential lost revenue. Canadian scientists at Borealis Wind plan to reclaim 93% of the lost revenue and power with a de-icing technology that can be easily retrofitted to existing wind turbines. Borealis Wind founder and $50,000 Shell Quest* Climate Grant winner Daniela Roeper designed the retrofit heating technology that sheds ice and allows wind turbine
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Wind-turbines in Canada are subject to severe icing conditions, reducing their power production by up to 20% and resulting in $100 million in potential lost revenue. Canadian scientists at Borealis Wind plan to reclaim 93% of the lost revenue and power with a de-icing technology that can be easily retrofitted to existing wind turbines. Borealis Wind founder and $50,000 Shell Quest* Climate Grant winner Daniela Roeper designed the retrofit heating technology that sheds ice and allows wind turbine
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