Core Insights - Shell plc has secured its first long-term LNG supply contract with Petrovietnam Gas, marking a significant step in Vietnam's LNG market and indicating a shift from spot purchases to long-term agreements [1][9]. Group 1: Contract Details - The five-year agreement will see Shell supply approximately 400,000 metric tons of LNG annually from 2027 to 2031 [2][9]. - This contract represents Petrovietnam Gas' first long-term supply agreement since the country began importing LNG in 2023, highlighting a strategic transition towards stable procurement [2][9]. Group 2: Infrastructure and Capacity Expansion - The LNG will be delivered to the Thi Vai LNG terminal, which is operated by Petrovietnam Gas and primarily serves two gas-fired power plants that commenced operations in mid-December [4][9]. - Vietnam plans to develop a fleet of LNG-fired power plants totaling 22.4 gigawatts by 2030, which will account for about 14.9% of the nation's overall power generation capacity [3]. Group 3: Market Context - Prior to this agreement, Vietnam relied exclusively on spot LNG imports, with approximately 0.5 million tons imported in 2025, reflecting the growing demand for a reliable fuel supply as gas-fired power becomes increasingly important in the energy mix [5].

Market Overview - The U.K. stock market's benchmark FTSE 100 declined by 58.60 points or 0.58%, reaching 10,064.13 [1] - Losses were primarily driven by energy and mining stocks due to a drop in commodity prices [1] Mining Sector - Mining stocks experienced significant declines following a drop in precious metal prices, with Antofagasta and Fresnillo falling by 4.6% and 4.3%, respectively [2] - Other notable declines included Anglo American Plc at 2.7%, Endeavour Mining at approximately 1.6%, and Rio Tinto nearly shedding 1% [2] Energy Sector - Energy stocks also faced losses, with Shell and BP decreasing by 4% and 3.5%, respectively, attributed to a slip in oil prices after an agreement between the U.S. and Venezuela for the export of up to $2 billion worth of Venezuelan crude oil [2] Gainers - Among the gainers, Barratt Redrow increased by 3%, Persimmon by 2.75%, Kingfisher by 2.5%, and Vodafone Group by 2.4% [3] Other Notable Stocks - British Land, LondonMetric Property, Relx, Land Securities, Segro, Mondi, Sainsbury (J), IMI, Berkeley Group Holdings, and Airtel Africa reported strong gains [4] - Conversely, Natwest Group and Intercontinental Hotels Group saw declines of 3.6% and 3.3%, respectively, along with other companies like Burberry Group, EasyJet, Diageo, Standard Chartered, Prudential, Entain, Barclays Group, Hikma Pharmaceuticals, and GSK [4] Economic Indicators - The S&P Global UK Construction PMI rose to 40.1 in December 2025 from a five-year low of 39.4 in the previous month, indicating a slight improvement in construction activity [5] - Civil engineering activity improved to 32.9 from 30.0 in November, while both housing activity and commercial construction saw declines [5]

Shell has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron , the European energy major said on Tuesday. ...

Core Insights - Shell plc is considering a return to Venezuela due to political and policy changes that may allow for renewed foreign investment in the energy sector [1][10] - The Dragon gas field is central to Shell's interest, with potential annual revenues of approximately $500 million for up to 30 years, representing a multi-billion-dollar opportunity [2][10] - The Dragon field is estimated to contain around 120 billion cubic meters of gas, highlighting its strategic importance for international energy companies [3] U.S. Policy and Industry Dynamics - The Trump administration has shifted its Venezuela strategy to focus on energy development, encouraging oil companies to invest significantly in infrastructure and production [5] - Chevron Corporation is currently the only major global oil company operating in Venezuela and is positioned to secure early access to opportunities [6] - BP has also shown interest in the region but faces regulatory challenges that have led to a cautious approach [7][8] Venezuela's Resource Potential and Challenges - Venezuela possesses the world's largest proven oil reserves, exceeding 300 billion barrels, yet ranks only 20th in global production, with current output around 900,000 barrels per day [9] - Much of Venezuela's crude is heavy and valued by refiners, but the country faces significant operational challenges due to degraded infrastructure [11] - The historical context of expropriation and legal uncertainty remains a major deterrent for potential investors [13] Market Implications - An opening of Venezuela to Western energy companies could disrupt OPEC's influence, with the potential for increased output of 1-2 million barrels per day [14] - Recent oil price declines highlight OPEC's waning power, and renewed Venezuelan production could further pressure prices [15] Structural Challenges - Venezuela's energy sector faces deep structural challenges due to years of mismanagement and corruption, necessitating significant reforms for revival [16] - Sustained international support will be essential for rebuilding the oil industry, with a focus on political guarantees and stable institutions [17]

Group 1: Oil Sector Revival - The oil sector has experienced a sudden revival following the U.S. military capture of Venezuelan President Nicolás Maduro, with energy stocks rebounding after a challenging 2025 [1] - President Donald Trump's commitment to "unlock" Venezuela's vast oil reserves has reinvigorated the energy sector, which had been struggling with a global supply glut and significant price declines [1][3] Group 2: Market Reactions - Chevron Corp. (CVX) has seen a rise of over 6% in early trading, being the only major U.S. firm with a continuous presence in Venezuela, positioning it as a "first mover" for production expansion [5] - Exxon Mobil Corp. (XOM) and ConocoPhillips (COP) are experiencing significant gains due to speculation about the return of previously expropriated assets [5] - Halliburton Co. (HAL) is trending higher based on expectations of billions in new service contracts for repairing Venezuela's oil infrastructure [5] Group 3: Analyst Insights - Analysts warn that a sudden influx of Venezuelan crude could exert long-term downward pressure on oil prices, with Goldman Sachs estimating a $4-per-barrel downside to 2030 oil prices if Venezuelan output reaches 2 million barrels per day [2][3] - Despite potential price pressures, investors are focused on the infrastructure rebuilding opportunities and strategic access for U.S. oil companies in Venezuela [3]

斯伦贝谢数字化业务总裁拉凯什·贾吉表示："数字技术与AI正在重塑能源行业。通过与壳牌等行业领导 者合作，我们将加速开发先进的数字与自主AI解决方案，通过自动化与自主化变革行业工作模式，从 规划到运营为上游业务创造价值。" 此次合作延续了两家公司长期的技术伙伴关系，标志着双方在行业数字化与智能化转型方面迈出更深一 步。 中化新网讯 近日，全球领先的能源技术公司斯伦贝谢与能源巨头壳牌签署战略合作协议，将联合开发 应用于油气领域的自主智能体人工智能(AI)技术，旨在提升行业技术专家与决策者的工作效率与能力。 根据协议，双方计划构建开放的数据与AI基础设施，在安全的数字环境中整合地下勘探、钻井建设和 生产运营等全链条数据与工作流程。斯伦贝谢将以其Lumi数据与AI平台为基础，推动智能化解决方案 的研发与应用。 ...

Shell could accelerate its massive Dragon gas field project in South America - Mike Kemp/In Pictures via Getty Images Shell could earn billions of dollars from new Venezuelan gas projects following Donald Trump’s ousting of Nicolás Maduro. The British oil company wants to target the rich gas fields lying between Venezuela and the neighbouring offshore islands of Trinidad and Tobago but has faced years of delay linked to US sanctions. Mr Trump’s intervention means a potential acceleration of the massive ...

Core Insights - The Shell Nigeria HI project, undertaken by CNOOC Engineering Co., Ltd., has reached a significant milestone with the completion of the main construction of the upper modules at the Tianjin Intelligent Manufacturing Base, marking a new phase in the collaboration between CNOOC Engineering and Shell [1] - The project is notable as it is the first time CNOOC Engineering has acted as the general contractor for Shell, encompassing design, procurement, and construction responsibilities, which lays a foundation for further expansion into the international high-end oil and gas engineering market [1] Group 1 - The project team is currently in the final debugging phase, aiming for timely delivery by mid-January [1] - Key tasks include conducting pressure tests on process pipelines, which are critical for ensuring the strength and sealing of the pipelines, directly impacting the safety and stability of offshore production [1] - The project has successfully completed 68 pipeline pressure test packages, with over 37,000 meters of cable laid and 1,147 cable connections made, achieving a 99.98% first-pass welding rate for critical path pipelines [2] Group 2 - The project team has implemented an integrated, modular, and standardized operational model to enhance construction efficiency and ensure seamless workflow [2] - Resources are dynamically allocated, with two-shift operations at critical work nodes to effectively safeguard the overall project schedule [2] - The project is on track to start the new year positively, with a focus on maintaining quality and progress under tight deadlines [2]

Core Viewpoint - Shell and INEOS Energy have confirmed a new oil and gas discovery in the Nashville exploration well located in the Norphlet deepwater play of the Gulf of Mexico, with Shell holding 79% and INEOS holding 21% working interest [1] Group 1: Discovery Details - The discovery is expected to be tied back to the nearby "Appomattox" production platform jointly owned by Shell and INEOS [1] - INEOS Energy's CEO, David Bucknall, stated that this discovery is a significant milestone for the company's offshore asset portfolio in the U.S. [1] Group 2: Strategic Implications - The discovery represents a positive outcome for INEOS Energy and marks important progress in responsible exploration and development in the resource-rich Gulf of Mexico [1] - The Nashville discovery is anticipated to enhance energy security and provide a reliable supply for many years to come [1]

Core Insights - The 2025 Third Sustainable Brand Seminar held in Beijing focused on sustainable brand development and value enhancement for enterprises, emphasizing the importance of sustainable branding in improving international corporate image [1] - The release of the "2025 World Energy Enterprises Sustainable Brand Value Research Report" aims to provide guidance for global energy companies in building sustainable brands and offers new strategies for Chinese energy firms to create world-class brands [1][2] Group 1: Research Findings - The average global sustainable brand strength is 812, reflecting a year-on-year increase of 1.6% [3] - Chinese sustainable brand value has increased by 22% year-on-year [4] Group 2: Recommendations - Companies should enhance investment in sustainable branding to improve their overall image [4][5] - There is a need to accelerate the internationalization of brands [4] - Improving environmental image has become a consensus among more enterprises [4] - Strengthening employer branding capabilities is essential [5] - Companies should enhance media interaction to increase the visibility of their sustainable brands [5]