Shell is preparing to launch a sale of its offshore wind farms in the oil major’s latest move away from renewable energy to focus on its higher-returning fossil fuel business. bloomberg.com/news/articles/…

*EXXON SAID TO STUDY TAKEOVER TARGETS INCLUDING WOODSIDE ENERGY $XOM

Asia spot LNG at 11-week high as Middle East tensions and hot weather drive demand dlvr.it/TT1CCJ

The Woodfibre LNG terminal in Squamish, B.C. is advancing toward completion next year.

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Friday feature: Investing in Canadian LNG: If current proposals go through, Canada could become one of the top five LNG export countries. Two reports from law firm Fasken, via Lexology: • Part 1: bit.ly/4dYWUsl • Part 2: bit.ly/4xjROhO

AltaGas in talks with more Asian customers to supply fuels from B.C. terminal: CEO bnnbloomberg.ca/business/202…

🛢️🚨Shell, in a single day: -Pauses its $3B share buyback. -Prepares to sell $1B of offshore wind farms. -Pushes toward closing a $16.4B gas acquisition, its biggest deal in a decade. That's one company telling you its thesis. 💰The deal: The ARC Resources acquisition is Shell's largest since BG in 2016 and the logic is geographic. ARC's gas sits next to Shell's fields feeding LNG Canada (Shell: 40%). LNG Canada ships to Asia without touching Hormuz, Suez OR Panama. The shortest safe route on the map. Why Shell needs it? Shell's quiet problem are aging fields and dwindling reserves. Analysts said it needed a big discovery or a big deal. It chose the deal paid 75% in shares, at a 20% premium. When a supermajor pays up with its own equity, it's telling you which assets it thinks outlast the cycle. Same day: wind farms for sale, India renewables under review, buyback already cut from $3.5B to preserve cash after war-related strain. Under Sawan, Shell isn't an "energy company" anymore. It's becoming a gas-and-LNG machine with an oil business attached. Follow the full year: Gunvor buys US shale gas. Shell signs in Venezuela, blocks rivals at Browse, now $16.4B for Canadian gas while selling wind. The biggest players have stopped debating the transition's pace. They're positioning for a long gas era.

Shell announces pause in share buyback programme dlvr.it/TT0yL4