• 1 hour Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area
  • 3 hours Libya’s NOC Restarts Oil Fields
  • 5 hours US Orion To Develop Gas Field In Iraq
  • 3 days U.S. On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World
  • 3 days Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan
  • 3 days Schlumberger Optimistic In 2018 For Oilfield Services Businesses
  • 3 days Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
  • 3 days Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 3 days TransCanada Boasts Long-Term Commitments For Keystone XL
  • 3 days Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 3 days Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 4 days Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 4 days Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 4 days Venezuelan Output Drops To 28-Year Low In 2017
  • 4 days OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 4 days Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 4 days Kinder Morgan Delays Trans Mountain Launch Again
  • 4 days Shell Inks Another Solar Deal
  • 5 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 5 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 5 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 5 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 5 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 5 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 5 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 5 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 5 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 6 days Norway Grants Record 75 New Offshore Exploration Leases
  • 6 days China’s Growing Appetite For Renewables
  • 6 days Chevron To Resume Drilling In Kurdistan
  • 6 days India Boosts Oil, Gas Resource Estimate Ahead Of Bidding Round
  • 6 days India’s Reliance Boosts Export Refinery Capacity By 30%
  • 6 days Nigeria Among Worst Performers In Electricity Supply
  • 6 days ELN Attacks Another Colombian Pipeline As Ceasefire Ceases
  • 7 days Shell Buys 43.8% Stake In Silicon Ranch Solar
  • 7 days Saudis To Award Nuclear Power Contracts In December
  • 7 days Shell Approves Its First North Sea Oil Project In Six Years
  • 7 days China Unlikely To Maintain Record Oil Product Exports
  • 7 days Australia Solar Power Additions Hit Record In 2017
  • 7 days Morocco Prepares $4.6B Gas Project Tender
Is This Small Correction In Oil Something To Worry About?

Is This Small Correction In Oil Something To Worry About?

Current selling patterns show that…

The Least Compliant Country In The OPEC Deal

The Least Compliant Country In The OPEC Deal

Kazakhstan committed to cutting production…

Shell to Invest $300 Million on LNG Refuelling Station Network

Shell to Invest $300 Million on LNG Refuelling Station Network

In an attempt to entice owners of trucking fleets to invest in trucks that run on super chilled natural gas the oil major Royal Dutch Shell is set to invest more than $300 million on creating a series of liquefied natural gas filling stations across the US.

James Burn, Shell’s manager of LNG transportation fuels, said that they will develop 200 LNG pumps across 100 Travel Centers of America refuelling stations in such a way as to allow LNG trucks to travel throughout the whole US. Burns said that trucking companies are reluctant to invest in LNG due to the uncertainty of availability of the fuel. “They want to have some comfort that the fuel is available,” he said. “We want to be the company that provides that comfort.”

Shell also intend to further attract truck fleets to by LNG trucks and use Shells LNG stations by selling long-term contracts which will guarantee that the price of LNG will remain at least 30% lower than diesel for the life-time of the truck. “They can lock in their fuel savings for however long they keep that truck.”

Shell first set up a network of LNG fuelling stations in Canada last year, and hope that this new venture in the US will help them to develop the largest LNG supply network in the world, overtaking Clean Energy Fuels who have 300 stations across the US and Canada.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News