Royal Dutch Shell Group .com Rotating Header Image

Posts under ‘Gas’

Ukraine works to chart new energy strategy

Ukraine works to chart new energy strategy

Royal Dutch Shell at one point had a contract to explore what the Ukrainian government said was an area said to contain about 4 trillion cubic feet of shale natural gas.

By Daniel J. Graeber

Aug. 21 (UPI) — A Ukrainian government working to break out from under a Russian shadow said it’s developed a road map for a sustainable energy future.

Ukrainian energy security issues pre-date the outbreak of conflict that reached its zenith when Russia annexed the Crimean Peninsula in 2014. Former Prime Minister Yulia Tymoshenko was sentenced to seven years in prison a few years before the conflict on charges she abused authority when she helped broker a 2009 natural gas deal with Russia’s Gazprom. She later faced a $2.4 million suit for mismanaging her country’s United Energy Systems in the 1990s. read more

Shell Raises Alarm Over Occupation Of Belema Flow Station

The Belema flow station has been occupied since August 11, 2017, by residents of the Belema and Offoin-Ama communities, who have camped out night and day at the facility.

Shell Petroleum Development Company (SPDC) has described the occupation of its Belema flow station and gas plant in Kula Kingdom, Rivers State by host communities as  a “safety risk” to its operations.

The Belema flow station has been occupied since August 11, 2017, by residents of the Belema and Offoin-Ama communities, who have camped out night and day at the facility.

In a statement released on Sunday, SPDC said it was “deeply concerned that unauthorized persons (including women and children) have been observed in close proximity to equipment that processes crude oil and gas without the protection of safety clothing that is mandatory for people working or accessing such restricted areas.” read more

Shell to Mull Buying Israeli, Cyprus Gas for Egypt Plant

Royal Dutch Shell Plc is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub.

Shell is in talks to buy natural gas from Israel’s Leviathan field, combine it with output from Cyprus’s Aphrodite field, in which it owns a 35 percent stake, and pump it to a liquefied natural gas plant in Egypt, according to people with knowledge of the matter. Talks are at an early stage and some of Aphrodite’s gas could be sold locally, said the people, who asked not to be named because the discussions are private. read more

Hints Shell is searching for life after oil

The management team wants the company to focus on long-term returns, which means investing in different types of projects.

Tyler Crowe: (TMFDirtyBird):Aug 17, 2017 Like so many other integrated oil and gas companies, Royal Dutch Shell‘s (NYSE:RDS-A) (NYSE:RDS-B) goal of the past several years was to preserve capital by any means possible in the short term without giving up too much of the future. Based on the company’s most recent earnings report, it has done a pretty good job of achieving that first goal. The second part? That is all up to what Shell’s management does from here.There were several hints on the company’s most recent conference call that suggest Shell has developed a new playbook that looks very different than its prior one. Here are quotes from that conference call that show Shell’s possible future.

Making the grade

Shell has been trying to pull off an elaborate corporate shift over the past couple of years. It wanted to absorb and integrate BG Group into Shell, unload about $30 billion in assets from the combined company to lower total debt levels, reduce operating costs and capital spending, and get back to generating enough cash to cover capital expenditures and dividends. To make this transformation even more challenging, it was trying to do it in a low oil price environment.

Based on the company’s most recent performance, it looks like management has pulled it off. Here’s CEO Ben van Beurden taking stock of the situation. read more

Shell and Exxon punished by Dutch ad authority for fossil fuel claim

The television ad stated that natural gas was “the cleanest of all fossil fuels.”

This is the second time in 2017 that Dutch advertising authorities have sought to punish the oil and gas industry with Statoil reprimanded for claiming gas to be “clean energy” and “low emissions fuel” in June.

The Dutch Advertising Code Authority stated that the term “cleanest fossil fuel” was not in line with the MRC (the Dutch advertising code).

Friends of the Earth Europe co-filed the complaint.

Paul de Clerk of Friends of the Earth Europe, said: “This clear ruling by the advertisement standards board is of great importance. Time after time we see how oil and gas companies are misleading citizens and politicians. read more

The Oil Price Tug Of War

Shell pivots to electricity. The FT reports on the strategic shift underway at Royal Dutch Shell, which is moving to sell electricity to industrial consumers. The move highlights the potential for an oil major to adapt to a rapidly changing energy landscape. Beginning next year, Shell will sell electricity in the UK, but the company has said it would like to expand to the U.S. In the past, oil companies have declined to enter the electricity business, but with long-term oil demand uncertain, oil producers can hedge their bets by getting into electricity.

By Tom Kool – Aug 15, 2017, 3:00 PM CDT

Oil prices remain in a game of tug of war as conflicting news sends both the bears and the bulls to the sidelines.

• In 2015, the U.S. spent the least on energy in over a decade, largely due to the collapse of oil prices.

• In real terms, the U.S. spent $1.27 trillion on energy in 2015, down 20 percent from a year earlier.

• In inflation-adjusted terms, as well as in terms of percentage of GDP, the expenditures were the lowest since 2004. read more

Exxon, Shell Censured for Claiming Natural Gas Is ‘Cleanest’ Fossil Fuel

By Farron Cousins: 15 August 2017

For many years, a standard talking point from the fossil fuel industry and those who speak on the industry’s behalf has been that natural gas is a cleaner alternative to conventional energy sources like coal and oil. This talking point is at least partially responsible for many people—including former President Barack Obama and his Secretary of Energy Ernest Moniz—believing that natural gas can act as a “bridge fuel” in the eventual shift from coal and oil to renewable sources of energy. read more

Big Oil Follows Silicon Valley Into Backing Green Energy Firms

Oil majors quietly investing into new technology start-ups

‘Disruptive power’ from small companies prompts Shell to move

Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.

From Royal Dutch Shell Plc to Total SA and Exxon Mobil Corp., the biggest investor-owned oil companies are dribbling money into ventures probing the edge of energy technologies. The investments go beyond wind and solar power into projects that improve electricity grids and brew new fuels from renewable resources. read more

Shell and Exxon face censure over claim gas was ‘cleanest fossil fuel’

The Dutch advertising watchdog will on Tuesday censure Shell and Exxon for claiming that natural gas was “the cleanest of all fossil fuels” in an advert earlier this year. It will be the second time this summer that the Netherlands advertising standards board has ruled against the fossil fuels industry… FULL ARTICLE 

Shell Prepares For A Different Energy Reality

: 14 August 2017

Summary

  • This summer has seen the governments of several of the world’s major economies propose to eliminate internal combustion engine vehicles over the next 10-30 years.
  • At the same time, Royal Dutch Shell announced several major clean energy investments over the summer in anticipation of a drop-off in petroleum demand.
  • This article looks at how Shell’s clean energy investments fit into its energy profile forecasts compared to its peers.

This summer has been filled with the sort of headlines that can give strategic planners in the petroleum & gas sector heartburn. One-upping Germany’s earlier non-binding pledge to ban new internal combustion engine [ICE] vehicles by 2030, the government of France’s new centrist president Emmanuel Macron announced in early July that the country will end sales of ICE vehicles by 2040. This move, which is part of that country’s efforts to comply with its greenhouse gas emission reduction target under 2015’s Paris Climate Agreement, would eliminate gasoline- and diesel-only engines and is aimed at reducing the country’s air pollution as it is at mitigating climate change. Britain intends to do the same by 2050. Even China and India, which have long been posited as important future sources of petroleum demand, are moving to electrify their vehicle fleets: China recently announced that it wants 25% of the country’s vehicles to be “alternative fuel” by 2025, while India is drafting plans to electrify all of its vehicles by 2030. read more

Australia’s $180 bln LNG megaproject boom enters final stretch

Australia’s $180 bln LNG megaproject boom enters final stretch

* Shell, Inpex race to tap gas in adjacent fields

* Ichthys LNG targets first output by March 2018

* Prelude FLNG seen starting between April and July

* Australia on course to 88 mln T/yr LNG export capacity

By Sonali Paul

MELBOURNE, Aug 14 (Reuters) – The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018.

Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest exporter of LNG.

The Ichthys Venturer, a floating production, storage and offloading facility, travelled 5,600 km (3,500 miles) from a South Korean shipyard and will be moored 220 km off Western Australia to handle condensate from the Ichthys field. read more

Shell launches pilot to test methane detection technology

Shell launches pilot to test methane detection technology

Image: Pilot testing new methane detection technology at Shell shale gas site. (Photo credit: Shell/Ian Jackson) (CNW Group/Shell Canada Limited).

EBR Staff Writer: Published 10 August 2017

Royal Dutch Shell has launched a methane detector pilot aimed at enabling early detection and repair of methane leaks to ultimately cut down on emissions during the production of natural gas.

The launch was done at a shale gas site of Shell in Canada near Rocky Mountain House in Alberta province.

Shell says that the pilot test is part of the Methane Detectors Challenge, a wider multi-stakeholder initiative which involves the Environmental Defense Fund (EDF), oil and gas firms, US government agencies and technology developers. The objective of the challenge is to assess next generation methane detection technologies. read more

Is Shell’s Lower Oil Forever Really So Unrealistic?

“Royal Dutch Shell PLC’s chief executive drew a collective gasp with his “lower forever” comment as one recent story put it.”  Funny, in 2012 when I said at an OPEC conference that the price was likely to return to the $50-60 range, it was not even taken seriously enough for gasps:  the moderator actually thought I was joking, and an oil company CEO replied, ‘Well, you hate to call someone an idiot’ apparently unaware I’ve been called much, much worse. read more

Kazakhstan: US sanctions will not affect oil projects

Kazakhstan: US sanctions will not affect oil projects

by: : 8 Aug 2017

New US sanctions against Russia will not affect multi-billion dollar oil projects in Kazakhstan backed by Chevron, ExxonMobil and other western energy majors, the country’s economy minister has said. Italy’s Eni, France’s Total, Exxon and Royal Dutch Shell all hold stakes in Kashagan, another Kazakh oil field. The decision to expand sanctions… was taken to primarily target Gazprom’s under-construction Nord Stream 2 gas pipeline to Germany… partially funded by… Shell… FULL FT ARTICLE read more

Shell Reports Fire, Unit Shutdown at Norco, La., Facility

December 19th, 2013, Norco Louisiana, A flare from the Shell Refinery illuminates the sky. 

Dow Jones Newswires

Royal Dutch Shell Plc said Monday that a fire over the weekend at its Norco refining and chemicals facility in Louisiana has forced it to shut down a unit.

“There is no timetable for the restart of the unit,” Shell said in an emailed statement, without identifying the specific unit. “Operations are stable. For reasons of commercial confidentiality, we do not provide details about the operational status of individual units or information on supply.” read more

In Good Company: Coal miner’s son Jeremy Bentham of Shell comes clean

Ravi Velloor:Associate Editor: 6 Aug 2017

Top Shell executive talks about the challenges ahead in pursuit of climate-friendly power solutions

There’s a boyishness that springs to life when Jeremy Bentham talks of his die-hard support for Everton Football Club.

It’s a throwback to his early days as the son, grandson and great-grandson of coal miners from Blackpool in north-west England and the time, in 1966, when Everton came back from two goals down to win 3-2 against Sheffield Wednesday in the last 20 minutes of the FA Cup final.

The 100,000-strong stadium crowd included Paul McCartney and John Lennon of The Beatles. England would go on to win the World Cup that year, helped by heroic performances by Alan Ball, the youngest in that squad. Later that year, Ball would transfer from Blackpool to Everton and the Liverpudlian club would gain the lifelong loyalty of the future chief executive of Shell Hydrogen and the current head of Royal Dutch Shell’s Global Business Scenarios team. read more

Gunvor offers E.Guinea funding help in bid for LNG

Gunvor offers E.Guinea funding help in bid for LNG

By Oleg Vukmanovic and Wendell Roelf

LONDON/CAPE TOWN, Aug 4 (Reuters) – Gunvor has offered to help Equatorial Guinea with financing as the Swiss commodity trader looks to edge out rivals bidding for supply from Africa’s first deepwater floating liquefied natural gas (FLNG) plant.

Gunvor, Vitol and Royal Dutch Shell have been shortlisted for an LNG off-take deal from the $2 billion Fortuna project with a decision expected this month.

Industry sources say Gunvor is looking to help state-run Sonagas finance a 30 percent stake in the project in return for selecting it to export gas from it. read more

Shell outlines projects on track for FIDs

Friday, Aug 04, 2017

European upstream projects in the UK and Italy are among the eight Royal Dutch Shell proposals scheduled for a final investment decision (FID) before 2018.

Shell is considering a redevelopment of the Penguins cluster in the northern North Sea. This would see the installation of a new FPSO to replace the current 65-km tie-back of Penguins’ five deposits to the ageing Brent Charlie platform.

Charlie is the only one of four Brent platforms that is still producing oil, and Penguins requires a new outlet for processing once the field is finally decommissioned. read more

Shell Set To Play A Major Role In The Global Gas Market

Zoltan Ban: Aug. 3, 2017 6:55 PM ET

Summary

– Shell profits down compared with the previous quarter, which is in part a reflection of the lower oil prices.

– While the shorter-term results were affected by the falling oil price, the long term strategy of becoming a leading and dominant player in LNG remains intact.

– Global energy trends continue to suggest that LNG is a good long-term bet, given economic as well as environmental considerations.

While Shell (RDS.A) did report a second quarter net operating profit of $1.55 billion compared with $3.5 billion in the previous quarter, it should be noted that when looking at the different sectors, it is the downstream segment which has been helping it stay above water this year. The upstream segment seems to be struggling within the context of the current oil & gas price environment, same as we can expect the global oil & gas industry to do overall. read more

Russian pipeline projects likely to go ahead despite sanctions, analysts say

Aug. 3, 2017 11:49 AM ET|By: , SA News Editor

New U.S. sanctions will make it harder and more expensive for Russia to build the Nord Stream 2 and TurkStream gas export pipelines to Europe, but analysts say the two Gazprom-led (OTCPK:OGZPY) projects are unlikely to be stopped.

But the sanctions bill, which had the overwhelming support of the U.S. Congress before it was signed by Pres. Trump, throws into doubt the €4.75B pledged by European companies including Royal Dutch Shell (RDS.A, RDS.B), Engie (OTCPK:ENGIY) and OMV (OTCPK:OMVJF) to help fund Nord Stream 2 and could threaten other projects. read more

Warning of US sanctions ‘disaster’ for Russia energy projects

By: Henry Foy in Moscow and Andrew Ward in London

International energy investments in Russia will suffer from new US sanctions imposed on Moscow, executives have warned… A senior executive at a western oil group with a large presence in Russia told the Financial Times that the new sanctions “could be a disaster” given its current business in the country. Mr van Beurden said Shell had authorisation from Dutch authorities to press ahead with financing of Nord Stream 2, but was waiting to see how the US situation “evolves.” read more

Shell hit with prohibition notice over Brent Charlie fire potential

Written by

Royal Dutch Shell has been served a prohibition notice over the potential for “fire and explosion” on the Brent Charlie platform.

The Health and Safety Executive (HSE) said the supermajor had failed to act under the Offshore Prevention of Fire regulations.

The watchdog said the breach related to the possibility of an uncontrolled release of flammable or explosive hydrocarbons from safety critical pipework in the Column Four leg.

The breach was recorded back in May, with the prohibition notice served at the end of the month. read more

Corrib Gas Project and Seán O’Rourke

By Áine Ryan: 02 AUGUST 2017

IT was so easy for sacked Sunday Times columnist Kevin Myers to mock and defame the Corrib Gas protestors in article after article over the years. From his perch in his eyrie somewhere in the rolling hills of Kildare, he picked on the protestors again and again without properly informing himself of the protest’s deep community nuances, cynically dismissing genuine fears as ‘pagan voodoo of the fir-bolgs’. Well, the Shell spin machine had ensured that official Ireland turned its back on this community, whose heritage and pristine environment is among the last bastions of a culture untainted by much of the consumerism and globalist capitalism that thousands of holiday makers who indulge in the area crave to  escape. read more

Shell plans 400 job cuts at Dutch projects and technology department

“There will be fewer one-of-a-kind highly complex mega-projects and proportionately more simple to medium complex projects… This heralds a more ‘commoditised’ world for project delivery,” said the document, which was given to royaldutchshellplc.com, an independent website used by Shell staff, and seen by Reuters.

By Tom Bergin

LONDON, July 31 (Reuters) – Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters.

The world’s second-largest oil company by market capitalisation said in a statement responding to questions from Reuters that “approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018”. read more

LNG possibility lives on, even after death of Pacific NorthWest LNG

And two other large global energy players with regulatory approval from the B.C. and Canadian governments say they are trying to position themselves to be ready to make a decision on building their own billions-of-dollars of mega-projects in northwest B.C. to coincide with increased demand they forecast could kick in by the middle of next decade. Those projects are LNG Canada led by Royal Dutch Shell plc and Kitimat LNG, a 50-50 venture of Chevron and Australian-based Woodside Energy. read more

Shell CEO Ben Van Beurden says his next car will be an electric Mercedes S500e


Jul 28 2017 at 9:03 AM

When the boss of Europe’s biggest listed oil company says his next car will be electric, it says a lot about the future of fossil fuels.

Royal Dutch Shell responded to the worst oil-price crash in a generation with its $US54 billion ($68 billion) takeover of BG Group, betting that demand for natural gas will rise as the world shifts to cleaner-burning fuels. Now chief executive officer Ben Van Beurden says the next thing he’ll buy is a car that doesn’t depend on either oil or gas to run. read more

Shell eyes possible North Sea target – Penguins

Written by

Chief executive Ben van Beurden said a number of final investment decisions are due to be made in the next 18 months.

And among the eight upstream projects is Shell’s Penguins developments in the northern North Sea comprising of several oil and gas fields in the northern end of the East Shetland Basin.

Although discovered in the 1970s, the cluster field has never been fully developed due to variety of factors including poor reservoir performance, lack of subsea technology, tricky geology involving faults and the large area involved. read more

Shell backs gas export limits

: Resources reporter, Melbourne: 28 July 2017

Royal Dutch Shell chief executive Ben van Beurden has said he is very supportive of Malcolm Turnbull’s moves to impose export restrictions to increase domestic supply on the east coast, where Shell runs the Queensland Curtis LNG project.

But the oil major has revealed there have been some unspecified operational problems at QCLNG, which exports coal-seam gas from Gladstone.

Speaking on a second-quarter earnings call in London last night, Mr Van Beurden backed the Prime Minister’s intervention in the markets, which gives the government the power to restrict exports from any LNG project that is not a “net contributor” to domestic markets. read more

Shell preparing for world economy that shifts away from oil

By DANICA KIRKA Associated Press

Royal Dutch Shell is planning for the day when demand for oil starts fading as major economies move away from oil and increasingly turn to electric-powered cars, Chief Executive Ben van Beurden said Thursday.

Van Beurden welcomed recent proposals to phase out passenger vehicles powered by fossil fuels in Britain and France, saying they are needed to combat global warming. Shell is looking at “very aggressive scenarios” as it makes plans to remain competitive in a world that gets more of its energy from renewable sources and less from crude oil, or “liquids,” he said. read more

Shell Still Thinks Canadian LNG Project Could Be a Go

By Natalie Obiko Pearson:   

Royal Dutch Shell Plc said it hasn’t written off its Canadian liquefied natural gas project in Kitimat, British Columbia, yet as a global supply glut killed off a competing project earlier this week.

LNG Canada, which is also backed by Mitsubishi Corp., PetroChina Co. and Korea Gas Corp., is still weighing an investment decision that’s expected by early 2019, Shell’s Chief Executive Officer Ben Van Beurden said on a conference call Thursday.

“We need to get the timing properly right — we think we can,” he said. “If we look at an investment decision in the next 18 months or so, this is going to be a project that could start producing right at the moment when the spot market, the short-term market is getting very tight again.” read more

Shell Wakes Up and Smells the Coffee (and Burgers)

July 27, 2017 12:23 PM EDT

The image of a driver slurping an iced latte while pulling a Mustang up to the drive-in window of a fast-food joint is either your idea of a capitalist apotheosis or civilization’s decadent demise.

Or … it’s what flashed through your mind as you listened to Royal Dutch Shell Plc’s earnings call on Thursday.

Jessica Uhl, Shell’s chief financial officer, at one point talked up the oil major’s marketing business:

We’re the world’s largest fuel retailer. Every day, Shell serves more than 30 million customers across our 43,000 sites in close to 80 countries. That is more sites than Starbucks; it is more than McDonald’s. read more

Shell gets everything right except producing oil

Andy Critchlow: JULY 27, 2017

LONDON (Reuters Breakingviews) – Royal Dutch Shell is great at producing profit, but less so at producing oil. The Anglo-Dutch energy giant has more than tripled its earnings in the second quarter, helped by the strong performance of its downstream refining business and recovering prices. With its debt falling too, the company is doing the right things for shareholders – except in the crucial area of pumping more fuel.

At first glance, Shell’s financial performance suggests that three years in the doldrums for big oil majors may have come to an end. On Thursday, the company reported an impressive 245 percent year-on-year rebound in clean earnings to $3.6 billion for the three-month period ending in June. Prices, which recovered from a slump last January below $30 per barrel, have helped, but there is more to it. read more

Shell sees oil demand peaking by late 2020s as electric car sales grow

By Ron Bousso and Karolin Schaps

LONDON, July 27 (Reuters) – The world’s oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, Royal Dutch Shell Chief Executive Ben van Beurden said on Thursday.

The prospect of a decline in oil consumption after more than a century of growth as the world switches to burning cleaner fuels is gathering pace. On Wednesday Britain announced plans to ban diesel and gasoline vehicles by 2040, following a similar move by France. read more

Shell profits surge as Van Beurden puts focus on ‘discipline’

By Press Association: 

Royal Dutch Shell has reported a large rise in second quarter profits after the energy giant was boosted by higher oil and gas prices.

The firm said adjusted earnings rose from $1.05bn (£800m) to $3.6bn, an increase of 245pc, as chief executive Ben van Beurden said he was making progress on “reshaping the company”.

“Cash generation has been resilient over four consecutive quarters, at an average oil price of just under $50 per barrel,” Mr Van Beurden said. read more

Shell Profits Triple on Stronger Refining, Oil Prices

Shell CEO Ben van Beurden

LONDON — Royal Dutch Shell more than tripled its profits in the second quarter to beat forecasts boosted by strong refining operations and a rise in oil prices.

The Anglo-Dutch oil and gas company also reported a huge recovery in cash flow to $12.2 billion and a drop in debt as its cost reduction efforts in recent years paid off. It has sold some $25 billion of assets since acquiring BG Group last year.

The strong results came despite a dip in oil and gas production versus the previous quarter as a result of reduced output from a facility in Qatar. read more

Shell nears finishing line with $30billion divestment programme

Shell nears finishing line with $30billion divestment programme

Shell has completed more than 80% of its $30billion divestment programme.

Written by

The supermajor announced this morning that it had shed assets worth $25billion as part of the reshaping of its portfolio.

This included the landmark North Sea deal with Chrysaor earlier this year, worth around $3.8billion.

It also comes following the $68.2billion merger with BG Group.

The supermajor also recently agreed to sell its stake in Irish gas project Corrib in a deal worth up to 1.23 billion US dollars (£956 million).

The firm said adjusted earnings rose from 1.05 billion US dollars (£800 million) to 3.6 billion US dollars (£2.7 billion), an increase of 245%. read more

Royal Dutch Shell’s earnings more than triple in 2Q

July 27 at 2:53 AM

LONDON — Royal Dutch Shell says second-quarter earnings more than tripled as it benefited from a cost-cutting drive and recovering oil prices.The Anglo-Dutch energy giant said Thursday that profit adjusted for changes in the value of inventories and excluding one-time items rose to $3.60 billion from $1.05 billion in the same period last year. Net income rose 31 percent to $1.55 billion.CEO Ben van Beurden says the earnings reflect Shell’s restructuring to cope with lower oil prices and the purchase of natural gas producer BG Group. Shell’s oil price averaged $45.62 a barrel for the quarter, up 16 percent from a year earlier. Prices were above $100 a barrel as recently as 2014. Van Beurden says the “external price environment and energy sector developments mean we will remain very disciplined.” 

EU warns U.S. it may respond swiftly to counter new sanctions on Russia

A list prepared by the EU executive, seen by Reuters, shows eight projects including those involving oil majors Anglo-Dutch Shell, BP and Italy’s Eni that risk falling foul of the U.S. measures. EU officials warn the U.S. measures would also hit plans for the LNG plant on the Gulf of Finland in which Shell is partnering with Gazprom.

Alissa de Carbonnel: 26 July 2017

BRUSSELS (Reuters) – The European Union warned on Wednesday that it was ready to act within days to counter proposed new U.S. sanctions on Russia, saying they would harm the bloc’s energy security.

Sanctions legislation overwhelmingly approved by the U.S. House of Representatives on Tuesday has angered EU officials: they see it as breaking transatlantic unity in the West’s response to Moscow’s annexation of Crimea from Ukraine in 2014 and its support for separatists in eastern Ukraine. read more

Shell shifts focus to chemicals, refining: Financieele Dagblad

Anglo-Dutch energy giant Royal Dutch/Shell is shifting its focus toward downstream operations like refining and chemicals and away from traditional upstream activities like exploring for oil and gas, the Financieele Dagblad said on Wednesday.

This shift is likely to become even clearer when the company publishes its second quarter figures on Thursday, the paper said.

Shell’s investment in exploration slumped to $157m in the first quarter of 2017 from an annual quarterly average of between $500m to $600m in recent years, the paper points out.  This is partly due to the group’s recent acquisition of the BG Group which has large deep-sea reserves off the coast of Brazil. read more

Report: Gas could be sidelined by renewables in parts of Australia

Royal Dutch Shell, meanwhile, announced its Prelude vessel, a first-of-a-kind ship designed to process LNG off the coast of Western Australia, arrived at its destination after leaving a South Korean shipyard in June. With LNG emerging in market share because of its diverse deliverability options, Shell said the Prelude floating LNG vessel opens up new export opportunities.

By Daniel J. Graeber: 26 July 2017

July 26 (UPI) — With Australia monitoring natural gas demand, a consultant group found gas-fired power could get squeezed out in parts of the country as renewables get cheaper.

A research project from Wood Mackenzie, in coordination with GTM Research, found that wind, solar and battery costs might decline enough to the point that, by 2025, they’re competitive with gas-powered plants. For batteries in particular, whose costs are expected to decline by as much as 50 percent over the next decade, the researchers found storage capacity will be enough to meet the region’s peak residual demand. read more

Malaysia’s Petronas scraps $11.4-billion LNG project in B.C.

CALGARY and OTTAWA — The Globe and Mail

Published

Last updated

Malaysia’s Petronas has cancelled plans for an $11.4-billion liquefied natural gas terminal on the B.C. coast, a major blow to Canada’s efforts to become a global LNG supplier.

The move to scrap the Pacific NorthWest LNG plant, which had been slated for Lelu Island near Prince Rupert, comes after five years of study, a period in which LNG prices fell as other countries such as Australia and the United States started up multibillion-dollar facilities. read more

In Australia, Shell signals new era for LNG

In Australia, Shell signals new era for LNG

By Daniel J. Graeber: July 25, 2017

July 25 (UPI) — The arrival of a floating liquefied natural gas facility off the coast of Australia signals a milestone for the region as an energy hub, Royal Dutch Shell said.

The company’s Prelude vessel, its first-ever floating platform for LNG, arrived off the coast of Western Australia, after leaving its South Korean shipyard in late June.

Large for a floating facility, it’s one-quarter the size of an equivalent inland plant. With LNG emerging in market share because of its diverse deliverability options, Shell said the Prelude FLNG vessel opens up new doors in new countries. read more

Shell’s Prelude FLNG vessel reaches gas field site in Australian waters

EBR Staff WriterPublished 25 July 2017

Royal Dutch Shell’s Australian subsidiary has confirmed the arrival of the Prelude floating liquefied natural gas (FLNG) facility in Australian waters from South Korea.

The 488m-long FLNG facility began its journey from the Samsung Heavy Industries (SHI) shipyard in Geoje to Australia in late June to reach the offshore Prelude gas field, located about 475km north-north east of Broome in Western Australia.

According to Shell Australia, the floating facility will extract and liquefy gas from the Prelude gas field prior to its export to the company’s customers around the world. read more

US and EU on collision course over Russia pipeline sanctions

Ambrose Evans-Pritchard: 

Araft of top European companies will be forced to pull out of the Nord Stream 2 gas pipeline project with Russia or face crippling sanctions under draconian legislation racing through the US Congress.

Berlin and Brussels have threatened retaliation if Washington presses ahead with penalties on anything like the suggested terms, marking a dramatic escalation in the simmering trans-Atlantic showdown over America’s extra-territorial police powers.

A consortium of Shell, Engie, Wintershall, Uniper, and Austria’s OMV is providing half the €9.5bn (£8.5bn) funding for the 760-mile pipeline through the Baltic Sea to Germany. “This is a spectacular interference in internal European affairs,” said Isabelle Kocher, the director-general of Engie in France. read more

EU Divided on How to Answer New U.S. Sanctions Against Russia

BRUSSELS — European Commission preparations to retaliate against proposed new U.S. sanctions on Russia that could affect European firms are likely to face resistance within a bloc divided on how to deal with Moscow, diplomats, officials and experts say.

A bill agreed by U.S. Senate and House leaders foresees fines for companies aiding Russia to build energy export pipelines. EU firms involved in Nord Stream 2, a 9.5 billion euro ($11.1 billion) project to carry Russian gas across the Baltic, are likely to be affected. read more

Chinese appetite for LNG increasing

By Daniel J. Graeber: July 24, 2017

July 24 (UPI) — The Chinese appetite for liquefied natural gas increased more than 30 percent from last year, according to the latest government data.

The Chinese General Administration of Customs reported LNG imports to China increased dramatically as the country looks to rely less on coal for its energy needs. First half demand was up 38.3 percent from last year.

“The growth rate is higher than the 21.2 percent increase registered in the same period last year, partly encouraged by the lowering policy barriers for LNG from the United States to enter the Chinese market,” the official Xinhua News Agency reported. read more

The Abrupt Demise Of Dutch Gas

The phenomenon is no novelty, with 80 000 damage claims totaling €1.2 billion having been filed with the government and NAM, the operator of the Groningen field, a joint venture between Royal Dutch Shell and ExxonMobil.

By Viktor Katona – Jul 20, 2017, 3:00 PM CDT

The largest and oldest-producing gas field in Western Europe, the Groningen field, is on the verge of being shut down.

If that happens, it will entail the tumbling of Netherlands’ indigenous gas production, making it a net gas importer. This is a bitter pill to swallow for producers in the Netherlands, EU’s leading gas producer up to now, given that the Dutch led the world in the 1970s in natural gas exports volumes (the ramp-up in exports was so massive that the Dutch government implemented export caps to put some freeze on it). For Dutch locals, however, this might represent a long-awaited victory and a sign that governments can pay heed to their concerns, if sufficient pressure is applied. It remains to be seen whether an abrupt end to gas production in the Netherlands is in anybody’s interest. read more

Investors Squeezing Oil & Gas Developers To Cut Methane

Investors Squeezing Oil & Gas Developers To Cut Methane

, I write about the global energy business.: July 20, 2017: Opinions expressed by Forbes Contributors are their own.

Oil and gas developers may soon be feeling the effects of a one-two punch — an adverse court ruling dealing with their methane emissions and now an investor-led initiative pushing them to be more transparent.

Natural gas, of course, has become the fuel of choice — a fuel that markets itself as far less pollutive than coal. But methane is its main component, which is 84 times more potent than CO2, although its lifespan is 20 years compared to 100. Indeed, methane makes up about 25% of the global warming today. read more

Iran Looks To Close More Deals But Oil Majors Are Cautious

By Gregory Brew – Jul 18, 2017, 9:30 AM CDT

Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted oil production would reach 4 million bpd by the end of 2017, and certainly exceed that level by the end of the Iranian calendar year (March 2018).

Since international sanctions on its oil and gas industry were lifted in January 2016, Iran has managed to increase production to pre-sanctions levels, reaching 3.8 million in May 2017, the highest level in seven years. But 4 million bpd, long a national goal and symbolic of a full recovery, is now within reach. read more

Shell sells controversial Corrib gas project

Áine Ryan: 18 July 2017

IT was always about ‘sovereignty’ for retired teacher and one of the Rossport Five, Vincent McGrath. So last week’s news that Shell is in the process of selling the controversial Corrib Gas project reminded him of the lines from the War of Independence poem, Shanagolden:
“These hills are at peace again, the Saxon stranger gone.”

Speaking to The Mayo News yesterday (Monday), Mr McGrath, who with four other local men spent 94 days in jail in 2005 for flouting an injunction allowing Shell onto their lands, said: “For me it was always about sovereignty and the health and safety of our community and our Government ceded this to Shell and thus failed in their primary duty to protect their citizens in Erris.” read more

%d bloggers like this: