Shell sees 2015 earnings slide by more than half

Royal Dutch Shell PLC expects its full-year 2015 earnings on a current cost of supplies (CCS) basis excluding identified items at $10.4–10.7 billion, down from $22.6 billion in 2014. Source: News


MARKET WATCH: NYMEX, Brent crude oil prices settle under $29/bbl

Light, sweet crude oil prices dropped nearly $1/bbl on the New York market on Jan. 20, the first day of US floor trading since the lifting of sanctions against Iran. Analysts and traders say the oil price decline could likely continue while Iranian oil exports add to already oversupplied world oil markets. Source: News


CLNG, NGSA formally merge; executive director named

The Center for LNG (CLNG) formally became part of the Natural Gas Supply Association, and Charlie Riedl was named CLNG executive director and an NGSA senior vice-president. Source: News


India approves HPCL’s expansion plan for Visakh refinery

India has granted Hindustan Petroleum Corp. Ltd. (HPCL) environmental clearance to proceed with a project to expand and modernize its 8.3 million-tonne/year Vishakapatnam (Visakh) refinery in Andhra Pradesh, on the country’s eastern coast. Source: News