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Posts Tagged ‘Australia’

Shell’s Floating LNG Facility Sets Sail From South Korea for Australia

LONDON — Royal Dutch Shell’s Prelude floating liquefied natural gas (FLNG) ship has left a shipyard in South Korea for its destination offshore northwest Australia, the company said on Thursday.

Shell’s $12.6 billion (9.72 billion pounds) Prelude project is expected to start operating next year, the company said, after long delays since the oil major first decided to go ahead with the project in 2011.

Once the facility arrives in Australia, it will be secured to the seabed by mooring chains before it can be connected to the gas field and start operating, Shell said.

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Shell’s Prelude LNG vessel sets sail

The world’s biggest vessel – Shell’s Prelude floating LNG platform – has left the South Korean port where it was built, bound for waters off the North West.

Tug boats began towing the 488m Prelude out to sea early this morning from Samsung Heavy Industry’s Geoje shipyard, according to a website monitoring vessel movements.

Prelude was being towed by Terasea Hawk, Tereasea Falcon and Terasea Osprey, the MarineTraffic website showed.

The facility will be deployed off the North West coast to extract and process gas from the Prelude and Concerto gas fields.

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Gas crisis lures Shell to energy trading

by Matthew Stevens: 28 June 2017

Royal Dutch Shell has established a new energy trading business in Australia and has already started work on mitigating the growing political risk of supply-side failure in the liquid natural gas drained east coast gas market.

Shell Energy Australia recently signed its first gas supply contract with a Victorian customer and the plan is to trade actively in Australia’s domestic gas and electricity markets.

The immediate plan is that traders based in Melbourne and Brisbane will bypass existing market structures to deliver gas and electricity to, initially at least, commercial customers up and down the east coast.

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Shell keeps exploration and production focus in Australia

John Culbertson: May 31, 2017

May 31 (UPI) — Royal Dutch Shell said Wednesday it was keeping its exploration and production portfolio in place in Australia, but stepping back from its aviation business.

Shell’s aviation subsidiary in Australia sold to independent Viva Energy Australia for $250 million in line with the Dutch supermajor’s efforts to streamline its portfolio. Shell keeps its brand name visible in the aviation refueling sector as Viva Energy remains the licensee of its fuels.

“Shell’s upstream operations in Australia, which include exploration, production and gas commercialization, are not impacted by this announcement,” the company stated.

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Shell says completes sale of Australian aviation business for $250 mln

May 31 Shell

Has completed sale of its Australian Aviation Business to Viva Energy Australia for a total transaction value of approximately $250 million.

Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

SOURCE

Shell to sell NZ energy assets

By  and : 31 May 2017

Australian oil and gas companies that end up missing out on Origin Energy’s Lattice Energy portfolio may soon turn their attention across the Tasman, where energy giant Shell has kicked off a sales process for its New Zealand business that could be worth as much as $1 billion.

Investment bank JPMorgan has been working on a sale for the global oil company for some time, but flyer documents were finally released to prospective suitors this month.

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Shell’s $390m asset write-off casts doubt on CSG reserves

: Resources reporter: Melbourne: 2 MAY 2017

Shell has written off $390 million worth of newly acquired coal-seam and other gas exploration and evaluation ground associated with the Queensland Curtis LNG plant at Gladstone because of poor drilling and testing results.

Raising more questions over long-term production from Queensland coal-seam gas fields that are supposed to feed Gladstone’s three gas-hungry LNG plants for the next 20 years, the writedowns were revealed as part of $1.2 billion of impairments logged this month in local accounts for Shell’s Queensland subsidiaries.

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‘Very impressive’ first quarter results predicted for BP, Shell

‘Very impressive’ first quarter results predicted for BP, Shell

An analyst has said “the numbers are going to look very impressive” for oil majors Shell and BP when they publish their first quarter results this week.

Written by

Iain Armstrong, divisional director at Brewin Dolphin, said most companies could look forward to good year-on-year comparisons, considering the depths oil prices plunged to during the same quarter last year.

Brent crude slipped to below $30 at the start of 2016, having been above $110 in mid-2014.

Shell suffered pre-tax losses of $642million in the first quarter of 2016, while BP recorded pre-tax losses totalling $865million. Both firms achieved multi-billion dollar profits a year earlier.

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Arrow Energy wins Australian gas pipeline license, but plan on hold

MELBOURNE, May 1 (Reuters) – Arrow Energy, owned by Royal Dutch Shell <RDSa.L> and PetroChina <601857.SS>, has been granted a license to build a natural gas pipeline in Australia’s Queensland state that could contribute to easing the country’s gas supply crunch.

Queensland issued the pipeline license last Friday, a spokesman for the state’s Department of Natural Resources and Mines said on Monday.

The 420-km (260-mile) pipeline is designed to carry gas from a coal seam gas project in Queensland’sBowen Basin to the Gladstone area. There has been no final decision yet on the pipeline because the coal seam project has not been developed.

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The end is nigh for Shell in New Zealand

  • The Wall Street Journal

Royal Dutch Shell has taken a step towards an exit from its New Zealand assets with a deal to sell its 50 per cent stake in a natural-gas field to local venture partner Todd Energy.

The agreement will also see Shell take full control of a joint-venture company that operates two further gas ventures in New Zealand, simplifying Shell’s operating structure as it looks to offload the assets. Financial terms weren’t disclosed.

The sale of its stake in the Kap­uni field in New Zealand’s Taranaki region to Todd Energy follows a review of operations in the country that Shell announced in December 2015 as part of ­efforts to refocus its natural-gas and deepwater oil businesses following a slump in oil prices.

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Shell’s QGC to sell gas to Orica, Engie as trims LNG exports

Shell’s QGC to sell gas to Orica, Engie as trims LNG exports

Shell has signed two new deals to supply gas to east coast buyers in response to mounting pressure on the Queensland LNG exporters not to let industrial customers on the east coast go short.

The short-term agreements to supply gas to Orica and power producer Engie mean that Shell’s LNG venture in Gladstone will trim LNG exports to make more available for local users, said the oil major’s new Australia chair, Zoe Yujnovich.

However Shell wouldn’t disclose its revised forecasts for LNG exports from its $25 billion Queensland Curtis venture which typically ships about eight cargoes a month from its 8.5 million tonnes a year Curtis Island plant.

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Shell Australia chair blasts ‘complacent’ policy

by Angela Macdonald-SmithMar 24, 2017 at 11:00 PM

Outgoing Shell Australia chairman Andrew Smith has held up Australia’s faltering energy policy and its “complacent” stance on competitiveness as risks to the energy giant’s appetite for investment here to grow in “new energy” areas such as renewables.

Mr Smith, who started with Shell as a refinery engineer in Geelong in 1986 and is being promoted after four years as “country chair”, said Australia needs “massive” investment to move towards a position of “net zero” emissions.

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Shell to drill new wells by end-2018 to shore up Australia gas supply

Royal Dutch Shell said on Tuesday it will drill 161 new gas wells at its Queensland operations by the end of 2018, helping to underpin its promise to continue supplying 10 percent of the domestic gas market to help prevent a shortage.

The project at its QGC operations in the Surat Basin in southeast Queensland has been planned for some time as existing wells decline, with the new wells due to be drilled this year and next. The wells will help sustain Shell’s 75 petajoules of gas supplies a year to eastern Australia’s gas market.

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Australia hauls in gas majors to avert local shortage

By Sonali Paul | SYDNEY

Australia’s top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, agreed to boost supply to the country’s domestic market to help avert an energy shortage following crisis talks with Prime Minister Malcolm Turnbull.

Australia is on track to become the world’s largest exporter of liquified natural gas (LNG), yet its energy market operator has warned of a domestic gas crunch from 2019 that could trigger industry supply cuts and broad power outages.

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On board Shell’s Prelude barge, the world’s biggest vessel

PAUL GARVEY: Resources reporter, Perth: 4 March 2017

The biggest vessel the world has ever seen is in the final stages of preparation ahead of its maiden voyage to its permanent home off Australia’s northwest coast.

Royal Dutch Shell’s revolutionary Prelude floating liquefied natural gas facility — 50 per cent longer and six times the weight of the world’s largest aircraft carrier — is deep into the commissioning process at a shipyard in Korea, with the 120 Australians who will man the vessel already on board to familiarise themselves with the monster.

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Shell’s Paul Goodfellow to move on after £3billion sale

Written by Jeremy Cresswell – 17/02/2017 7:39 am

After roughly two years steering the unit through huge changes against a background of the third major oil price storm to rock the North Sea, Paul Goodfellow is taking on a new challenge as Shell’s executive vice president wells based at Rijkswijk in the Netherlands from April 1.

Assuming command in Aberdeen is Steve Phimister, who has for the past year been UK “transition lead” for the integration of BG Group’s business into Shell following the successful £36billion takeover completed early last year.

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Shell names Yujnovich as chair, Smith to lead global trading

MATT CHAMBERS: Resources reporter Melbourne 4 Feb 2017

Shell Australia chairman Andrew Smith has been promoted to lead the oil major’s global trading business and will be replaced in April by the oil giant’s Canadian-based head of oil sands and former Rio Tinto executive Zoe Yujnovich.

Mr Smith, who has been at the helm of Shell Australia since 2013, has been promoted to lead Shell’s Singapore-based trading and supply business as executive vice- president.

During Mr Smith’s tenure, Shell has become the biggest producer of Australian LNG thanks to the Gorgon project in which it has a non-operating stake, and the acquisition of BG Group. Mr Smith played a key role in the deal.

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Shell plans Australian solar plants that can switch to gas

MATT CHAMBERS Resources reporter: Melbourne4 Feb 2017

Anglo-Dutch oil giant Shell is looking to invest in Australian solar plants that can switch to gas when needed to deliver baseload power supply as debate rages over renewable energy security in the wake of South Australia’s ­crippling power outages.

Shell, which is Australia’s biggest LNG exporter and one of the world’s largest oil companies, has revealed that Australia was one of three global locations, along with Oman and Brunei, where it was studying pairing renewable energy with gas, after last year flagging “new energies” would be a potential major source of growth for the fossil fuel company beyond 2020.

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Shell Prelude LNG over-promise and under-delivery

Extracts from a Reuters/Nasdaq article Australia’s Ichthys LNG dealt blow as major contractor pulls plug”  dated 25 Jan 2017.

Australia’s$200 billion LNG production ramp-up is one of the biggest increases in supply the industry has ever seen, and it will lift Australia over Qatar as the world’s biggest exporter of the fuel.

Even so, most of Australia’s LNG projects currently under construction, including Chevron’s huge Gorgon facility and Royal Dutch Shell’s floating Prelude production vessel, are having trouble keeping within budget and sticking to schedules, and more delays are expected.

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BP buys, while Shell sells: a recap of recent deal making by the majors

Written by Mark Lammey – 20/12/2016 6:00 am

While Shell has been selling assets to make good on its $30billion divestment plan for 2016-18, BP has flashed the cash with a number of big investments.

Shell said yesterday that it had raised $1.65billion (£1.33billion) in asset sales, while rival oil major BP has revealed plans to invest heavily on African licences.

Shell will make $1.4billion from the sale of a 31.2% stake in refiner Showa Shell Sekiyu to Japan’s Idemitsu Kosan, the firm said yesterday.

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Shell to sell Australian aviation fuels unit to Viva Energy

Shell to sell Australian aviation fuels unit to Viva Energy

by Angela Macdonald-Smith: 19 December 2016

Royal Dutch Shell has struck a $US250 million ($343 million) deal to sell its local aviation fuels division to Viva Energy in a further slimming down of its downstream operations in Australia.

The sale follows the oil giant’s $2.9 billion divestment of its other refining and fuels activities to Viva in 2014 and comes amid heightened speculation that Shell is getting set to offload its remaining stake in Woodside Petroleum.

The deal, expected to formally close by md-2017, will see the Shell brand still used for the aviation refuelling business under a licensing deal similar to the arrangement Viva has to use the logo for its petrol retailing business. Regulatory approvals still need to be secured.

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Shell’s Woodside stake sale on cards as oil prices rally

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BRIDGET CARTERMergers & Acquisitions Editor Sydney: December 5, 2016

Following Archer Daniels Midland’s sale of its GrainCorp stake on Friday, the next big block trade to watch out for is a $3 billion-odd sale by Shell out of Woodside Petroleum.

Shell has an interest of close to 14 per cent in the business, and the oil price rally last week that triggered a run on Woodside’s shares has many watching the situation.

In 2014, Shell sold a 19 per cent interest in Woodside for $41.35 per share through Citi and Goldman Sachs, and four years earlier, it offloaded a 10 per cent stake at $42.23 in a deal underwritten by UBS.

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Market keeps watching brief on Shell’s Woodside stake

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by Sarah Thompson Anthony Macdonald Joyce Moullakis

With December’s silly season now underway, brokers are left with precious few trading days to launch any significant placements and block trades.

But one stake remains at the top of every firm’s watchlist: Shell’s 13.3 per cent stake in Woodside Petroleum.

Firstly, there’s a motivated seller. The oil giant’s chief financial officer Simon Henry classified the $3.4 billion stake as “available for sale” when he informed investors in August of a change in how Shell classifies its stake in the Australian oil and gas producer.

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Shell stand-off over New Zealand oil asset

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BRIDGET CARTER: Mergers & Acquisitions Editor, Sydney: @BridgetCarterNovember 14, 2016

Shell appears to be in a stand-off with Todd Energy over the future of its $1 billion-plus portfolio of oil exploration and production assets in New Zealand, according to sources.

Investment bank JPMorgan is understood to be working for the energy company, although no formal process has yet been launched, according to sources, despite suggestions that documents would start being sent out around August.

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Shipping to become ‘major new sector’ for LNG: Shell

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by Angela Macdonald-Smith: 2 November 2016

Demand for LNG as a ship fuel has emerged as a much needed new source of growth in the oversupplied market, with oil giant Royal Dutch Shell giving a bullish assessment of the impact of tighter international rules on maritime emissions.

Shell’s head of integrated gas Maarten Wetselaar told investors in London that between shipping and trucking, the transport sector had become “a major new sector” for the LNG market.

The shipping market and the heavy trucking market together represent about 750 million tonnes of potential LNG demand, about three times the current global LNG supply, Mr Wetselaar said. He signalled that last week’s announcement of new rules on emissions from shipping had made Shell more positive on demand from the sector, noting it was an area where the competition was oil rather than cheap coal.

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Shell Smashes Estimates as BG Acquisition Drives Up Output

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By Rakteem Katakey: November 1, 2016

Royal Dutch Shell Plc reported third-quarter profit that beat analyst estimates after its acquisition of BG Group Plc boosted oil production, helping to counter a slump in prices. The shares rose.

Profit adjusted for one-time items and inventory changes advanced 17 percent from a year earlier to $2.79 billion, The Hague-based Shell said Tuesday. That exceeded the $1.79 billion average estimate of 14 analysts surveyed by Bloomberg, and the earnings of U.S. giant Exxon Mobil Corp.

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Dutch Royals head to the races in Perth

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The Dutch King and Queen will head to the racetrack on day two of their Perth visit.

King Willem-Alexander and Queen Maxima will meet with trainers, owners and jockeys in the mounting yard, walk through the crowd and grandstand before watching the Melbourne Cup.

Fashion aficionados will be keen to see what the glamorous Argentinian-born Queen Maxima wears, given she is known for her chic sense of style.

On Monday, she stood out in a beige and green dress by Dutch designer Mattijs van Bergen with a matching fascinator, gloves and jewel-encrusted necklace.

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Australian Government unconvinced about FLNG safety claims

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By Bill Campbell (Retired HSE Group Auditor, Shell International)

Comment on: Shell Australia’s giant Prelude floating LNG project likely to come on stream in 2017

(refer to 295-page Report by Economics and Industry Steering Committee issued 7 May 2015)

Much has been written on this website about FLNG, the Prelude specifically raising doubts about the validity of claims by Shell that FLNG risks are as safe as if not more so than conventional offshore installations. The Government report raised considerable concerns in relation to the safety of FLNG facilities. In particular, concerns were raised about the compact nature of the working environment offshore relative to the space afforded to an onshore LNG processing plant and that the facilities will remain manned during cyclonic storms.

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Shell Australia’s giant Prelude floating LNG project likely to come on stream in 2017

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20 September 2016

Royal Dutch Shell is building the world’s largest floating liquefied natural gas (FLNG) project, which has the potential to transform the way natural gas resources are developed. It is designed to recover resources offshore that would otherwise be too costly or difficult to develop without the need to lay pipelines and build processing plants on land. In this article, Hazardex takes a look at the latest developments in this ground-breaking project.

The Prelude natural gas field was discovered by Shell in the Browse Basin off north Western Australia in 2007 with an additional field, Concerto, discovered nearby in 2009. Combined, these gas fields have around 3 trillion cubic feet of liquids-rich gas. The Australian Government gave the Prelude FLNG project environmental approval on November 12, 2010, and Shell took the final investment decision (FID) on May 20, 2011.

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Royal Dutch Shell: An Unsustainable Dividend

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Jesse Moore: Sept 15, 2016

Summary

  • Shell is funding its dividend and capital expense programs through a combination of debt and asset sales.
  • Those assets are operating, economic assets that provide long-term value to the company under its assumptions.
  • Shell has one year of leeway at current prices to fund its dividend after that rising debt will put too much pressure on the companies balance sheet.
  • Since I have a negative outlook on prices till at least 2018, I expect a Shell dividend cut in the first half of 2017.
  • Adding to the long list of resource companies with debt-funded dividends, we have Royal Dutch Shell (RDS.A, RDS.B). With a current yield of nearly 8%, and assuming you knew nothing about oil and gas, you could reasonably conclude this company is in peak operating condition. Unfortunately for investors, that story would be far from true.

Capital Expense – Free Cash Gap Growing

Many Shell investors focus on the stability of the dividend as a hallmark of the stock. Those investors are seemingly immune to what the balance sheet, cash flow statement tell us. As the company has pushed towards gas and is being pushed by its investors towards renewables, the capital expense bills have piled up. Throughout the oil downturn, Shell has hardly reduced capital expense in line with free cash flow – a result of long-term project planning that cannot be reined in.

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Chevron Corporation, Royal Dutch Shell: Is the LNG Market Nearing Saturation?

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By Staff Writer on Sep 7, 2016 at 3:19 pm EST

In the past few years, the global energy market has undergone major changes. The usage of traditional energy resources has dropped significantly, while demand for cleaner, environmental-friendly energy sources has escalated. People are now increasingly becoming aware of the effects of greenhouse gases emissions from conventional energy sources, crude oil, and coal on our natural environment and most importantly, the ozone layer.

Last year, the Paris Agreement (COP21) was a major breakthrough for the renewable industry, as leaders from around 195 countries agreed to curb their carbon emissions. The energy producers aim to maintain the rise in global temperature to 2 degrees above pre-industrial levels in the coming few years. The agreement has provided a positive momentum to the green-tech resources as a number of international energy companies have now started to increase their exposure in the segment.

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Shell Australia attacks Victoria’s ban on fracking, gas moratorium

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John Dagge, Herald Sun: August 30, 2016 

SHELL Australia has blasted the Victorian government’s move to permanently ban fracking and extend a moratorium on conventional onshore gas development, saying it will result in higher energy bills.

Chairman Andrew Smith has also warned the decision will cost the state investment dollars and jobs and make it more difficult for manufacturers, already under pressure, to stay in business.

“Every Victorian household and business will now pay higher energy prices moving forward,” Mr Smith said.

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‘Business as usual’ for Shell in New Zealand

Screen Shot 2016-08-22 at 08.11.41Written by Mark Lammey – 22/08/2016 7:47 am

Shell’s New Zealand boss has reportedly said business was proceeding “as usual” amid reports the company was planning to divest its entire $1billion-plus portfolio in the country.

Australian media reports said late last week that JP Morgan had been hired to offload Shell’s assets, which were placed under review by the oil giant in December.

But Rob Jager told New Zealand media outlets the company was still looking at a range of options and that it was “business as usual”.

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Shell advises JPMorgan to sell $1bn NZ oil portfolio

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BRIDGET CARTERMergers & Acquisitions Editor, Sydney

GRETCHEN FRIEMANNMergers & Acquisitions Editor, Sydney

19 August 2016

Shell has called on investment bank JPMorgan to offload its $1 billion-plus portfolio of oil exploration and production assets in New Zealand, with some analysts questioning whether Australian players will express interest in the offering.

It comes as part of a global selldown by the oil and gas giant, which signalled a retreat from various markets, amid a $US30bn ($39bn) global asset sale plan following its $US50bn takeover of BG Group.

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Australia: Shell calls for more immigration

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Mr Smith cited the immigration legacy of Australian gold rush towns like Bendigo. Picture: Gary Ramage.

MATT CHAMBERS

  • The Australian
  • 1:37PM August 4, 2016
  • Shell Australia chairman Andrew Smith has called for greater levels of immigration to bolster population growth, saying industry has failed to advocate for immigration policy that will help the economy.

    “Often-hysterical debate has surrounded Australian immigration in the new millennium,” Mr Smith told a Melbourne Mining Club lunch.

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    Shell quiz: when is a stake ‘held for sale’ on sale?

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    • The Australian
    • 12:00AM August 2, 2016

    BRIDGET CARTERMergers & Acquisitions Editor: Sydney

    GRETCHEN FRIEMANNMergers & Acquisitions Editor: Sydney

    It’s unlike the CFO of an oil major to be imprecise when it comes to accounting classifications of assets.

    Unless maybe he doesn’t mind causing a bit of mischief for a joint venture partner with whom relationships have been less than rosy of late.

    Shell finance director Simon Henry set the hares running last week during a second-quarter earnings call when he declared the company’s 13.3 per cent stake in Woodside Petroleum had been reclassified first as “held available for sale” and then “held as an asset for sale”.

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    LNG takes another lurch toward financial oblivion

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    Lachlan Barker: 27 July 2016

    The future for gas companies is looking grim and this means market forces will effect what our governments should have done and force the industry’s closure, says Lachlan Barker.

    THE FINANCIAL REPORTING news for Queensland’s liquefied natural gas (LNG) companies is disastrous – for yet another quarter.

    Santos were the first out with their second quarterly production report and even I – a fairly close observer of the LNG market – couldn’t quite believe what I was seeing.

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    Is Gas The Future? Shell Seems To Think So

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    By Gregory Brew – Jul 20, 2016

    The world’s second largest private oil company sees a new future, and it’s not in oil.

    Shell has made a concerted effort to shift the bulk of its business from oil-related projects to natural gas, LNG and renewables. Coming on the heels of its February purchase of BG Group (a $54 billion acquisition), Shell has organized a division focused solely on renewable energy. It announced new investment for its LNG facility on Curtis Island in Australia, where natural gas has enjoyed $180 billion in new capital. It has emerged as a stronger voice on global climate change than its competitor ExxonMobil and the company’s website proposes a number of “Shell Scenarios” that could allow for a growing energy market while creating less CO2.

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    Shell chair Andrew Smith vows to rein in costs as downturn bites

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    ANDREW BURRELL: July 15, 2016

    Shell Australia chairman Andrew Smith says the downturn in the oil and gas industry has strengthened his resolve to rein in costs as he seeks to integrate the company — the nation’s biggest foreign investor — with the Queensland assets of BG Group.

    “You have to treat every dollar like it’s your own,” Smith tells The Deal, published in The Australian today, as he reflects on his 30-year career and the massive changes that have hit Shell and the petroleum industry. His mantra even extends, Smith’s colleagues reveal, to their boss’s insistence a few years ago that newspaper subscriptions be pared back in the company’s Melbourne office.

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    Shell’s LNG Canada venture again delays export terminal decision

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    Screen Shot 2016-06-15 at 15.59.39Shell’s LNG Canada venture again delays export terminal decision

    (Reuters) – Royal Dutch Shell Plc RDSa.L and its LNG Canada partners have once again pushed back the timing of a decision on building a British Columbia liquefied natural gas export (LNG) terminal, the latest setback for the Canadian province’s energy ambitions.

    LNG Canada, whose participants also include PetroChina Co Ltd 601857.SS, Mitsubishi Corporation 8058.T and Kogas, cited global industry challenges, including capital constraints, for requiring more time prior to making a final investment decision.

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    Chevron Halts Production At Gorgon Plant For Second Time This Year

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    By Lincoln Brown – Jul 01, 2016, 3:18 PM CDT

    For the second time this year, Chevron has stopped production at its Gorgon liquefied natural gas operation in Australia. The plant had to be evacuated after a gas leak was detected.

    Chevron will make the necessary repairs to the plant before restarting production next week. The plant is a joint venture with ExxonMobil, Shell, Osaka Gas, Tokyo Gas and Chubu Electric Power. The terminal, which is also owned in part by Exxon Mobil and Royal Dutch Shell, will still load cargo during the interim.

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    Shell CEO Urges European Governments to Keep Economy Steady After Brexit

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    Ben Van Beurden, chief executive officer of Royal Dutch Shell PLC, is seen here in Perth, Australia in April 2016. Mr. Van Beurden urged Europe’s governments to keep the economy steady despite the turbulence created by the U.K.’s referendum. PHOTO: AARON BUNCH/BLOOMBERG NEWS

    By SARAH KENT: June 30, 2016 5:49 a.m. ET

    Speaking at a conference in London, Ben Van Beurden emphasized the benefits of a single market and free movement of people. “I hope that the future relationship between the U.K. and the rest of Europe will continue to provide conditions for economic growth,” he said.

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    Shell, Total look to expand terminals and power plants in new markets

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    Written by Reporter – 13/06/2016 6:00 am

    Oil majors Shell and Total are said to be considering building terminals and power plants in new markets.

    The move comes after companies have invested billions in plants to help produce liquefied natural gas (LNG) in place such as the US and Australia.

    Laurent Vivier, president for the gas division of Total, said the company was ready to go downstream “as much as it takes” to unlock gas demand.

    He said: “We need to be present in downstream ourselves, to create demand and unlock bottlenecks along the chain including regasification, pipeline and power plants.”

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    Can This Troubled LNG Project Still Deliver for Chevron, ExxonMobil, and Royal Dutch Shell?

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    By Jay Yao: Jun 4, 2016

    Australia’s Gorgon LNG is one of the largest liquefied natural gas projects in the world. When complete, the Gorgon is expected to produce 15.6 million metric tons of LNG a year and last for 40 years. For Australia, the Gorgon was supposed to add hundreds of billions of dollars to Australia’s GDP and employ thousands of people. For the companies that invested, Gorgon was supposed to be one of the cornerstones of their LNG portfolios and deliver long-lasting shareholder value.

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    Shell News Stories from Australia

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    Angela Macdonald-SmithEnergy Reporter: June 6, 2016

    Screen Shot 2016-05-21 at 10.18.28Shell Australia chairman points to LNG as costly option for NSW, Vic gas

    NSW and Victoria may have to consider importing LNG from Queensland or Papua New Guinea if the states don’t act to get onshore gas out of the ground, even though it would be a costly solution to the current stalemate, Shell Australia chairman Andrew Smith has suggested.

    Mr Smith told the APPEA oil and gas industry conference in Brisbane on Monday that the time has come to “think creatively” about how best to serve local gas customers to ensure they have adequate and reliable supplies.

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    Doubts about $3bn Shell-Woodside block trade

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    Bridget CarterMergers and Acquisitions Editor, Sydney

    Gretchen FriemannMergers & Acquisitions Editor, Sydney

    There was fresh talk in the market last week that a $3 billion block trade by Shell selling out of Woodside Petroleum could be imminent.

    However, there were a number of analysts who dismissed the speculation, which they said would have been largely fuelled by the recent rise in the oil price.

    They said a more likely deal was an exit by Spark Infrastructure from the $6bn Duet Group, and it could happen sooner rather than later.

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    Transportation emerges as new hope for LNG demand growth

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    Angela Macdonald-SmithEnergy Reporter: 29 May 2016

    A move to cleaner transportation fuels could mop up the surplus in the global liquefied natural gas market more quickly than anticipated and open up a new growth market for producers such as Woodside Petroleum.

    Woodside is following major Royal Dutch Shell in positioning itself to benefit from increased use of gas in road transport and shipping.

    Demand for LNG from the transport sector could reach 24.4 million tonnes a year by 2020, representing a 7 per cent rise from estimated global demand, according to new findings from Bernstein Research.

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    Shell’s brutal and unfair approach to reducing staff numbers

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    UPDATED WITH MORE COMMENTS

    BY “FRUSTRATEDATSHELL”

    Interested to know if any current Shell employees have picked up on the unfair approach to the current reorganisation.

    Management in Netherlands are seeking RFA’s and operating to a different timeline to the UK and Australia, with Australia being able to steam ahead with their reorg plans as they do not have the same constraints. So much so, that impacted employees are being asked to second guess whether they need to apply for jobs in their base countries or to stick tight and see out the brutal and unfair approach to reducing staff numbers in their current host countries.

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    Shell sees slower roll-out of floating LNG

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    Mr Henry said Prelude “remains on track to deliver some material cash flow in 2018,” signalling the venture still has some way until start-up.

    Angela Macdonald-Smith: Energy Reporter:May 5, 2016

    Royal Dutch Shell acknowledges the roll-out of its floating LNG technology will occur much more slowly than anticipated a few years ago, leaving its ground-breaking Prelude venture in WA as potentially its sole FLNG venture for several years.

    Shell had targeted a conveyor belt of huge FLNG vessels running of the production line in South Korea, being deployed at remote gas fields worldwide, with several in waters around Asia.

    But three projects that could have used five new FLNG vessels have been halted in their tracks, leaving the $US12 billion Prelude venture Shell’s only one for the forseeable future. FLNG ventures planned by other companies in Australia have also fallen foul to cost and price issues.

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    Samsung Heavy loses $4.6-billion FLNG order from Shell on oil drop

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    Screen Shot 2016-04-20 at 13.50.03By KYUNGHEE PARK on 4/28/2016

    SUNGNAM, South Korea (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating LNG production facilities was canceled after the energy development project was scrapped amid a plunge in oil prices.

    The contract, valued at 5.27 trillion won ($4.6 billion), from Royal Dutch Shell was voided because of the current difficult market conditions, the Sungnam, South Korea-based company said in a regulatory filing Thursday. The shipbuilder won the deal in June on the condition that the project will start only after the client is ready to proceed.

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