In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss various headlines including Shell's new carbon capture and storage project in Canada, U.S. sanctions on an Iranian shadow banking network, and the continued dominance of Dutch and French terminals as top destinations for U.S. LNG supplies. Additionally, Saudi Aramco plans to buy a 25% stake in a U.S. LNG project, and Quantum Capital Group's $1.8 billion acquisition of Kerosene Oil and Gas in a secondary market deal. They also touch on the recent crude oil inventory rise and its minimal impact on prices.

Highlights of the Podcast

00:00 - Intro

01:22 - Shell to build carbon capture and storage projects in Canada

03:35 - US Treasury imposes sanctions on Iranian shadow banking network laundering oil money

05:07 - Dutch and French terminals remain top destinations for US LNG supplies

07:37 - Saudi Aramco Set to Buy 25% in U.S. LNG Project

10:20 - Markets Update

11:41 - Quantum Capital to acquire Caerus Oil and Gas in $1.8bn deal

14:21 - Outro

Please see the links below or articles that we discuss in the podcast.

Shell to build carbon capture and storage projects in Canada

June 26, 2024 Mariel Alumit

Shell Canada Products, a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately […]

US Treasury imposes sanctions on Iranian shadow banking network laundering oil money

June 26, 2024 Mariel Alumit

The US Treasury Department on June 25 imposed sanctions on parts of a shadow banking network that Iran uses to launder billions in oil proceeds used to provide weapons to Russia and regional proxy groups […]

Dutch and French terminals remain top destinations for US LNG supplies

June 26, 2024 Mariel Alumit

Dutch and French LNG import terminals remained the top destinations for US liquefied natural gas supplies in April, as European terminals continue to receive the majority of US LNG volumes, according to the Department of Energy’s […]

Saudi Aramco Set to Buy 25% in U.S. LNG Project

June 26, 2024 Mariel Alumit

Saudi Arabia’s oil giant Aramco has signed a non-binding agreement to buy LNG from Sempra’s Port Arthur LNG project and potentially acquire 25% in the project’s Phase 2, the U.S. and Saudi firms said on Wednesday. Under […]

Quantum Capital to acquire Caerus Oil and Gas in $1.8bn deal

June 26, 2024 Mariel Alumit

US-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources. The deal involves Quantum Capital buying Caerus […]

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