WS #15073
Shell has approved Phase 2 of the LNG Canada project, effectively doubling the facility's export capacity, a move that will increase global natural gas supply and potentially dampen price spikes. Concurrently, Halliburton secured a major deepwater completions bundle from ENI in the Eastern Mediterranean, benefiting from the ongoing gas buildout in the region. These developments favor energy services and refiners while capping upside for crude oil prices.
Energy Supply Expansion
Shell has approved Phase 2 of the LNG Canada project, effectively doubling the facility's export capacity, a move that will increase global natural gas supply and potentially dampen price spikes. Concurrently, Halliburton secured a major deepwater completions bundle from ENI in the Eastern Mediterranean, benefiting from the ongoing gas buildout in the region. These developments favor energy services and refiners while capping upside for crude oil prices.