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LNG project in B.C. to hire mainly Canadian workers for $40-billion terminal construction

 VANCOUVER SUNDAY 15 JULY 2018

LNG Canada will hire primarily Canadian workers to build a planned terminal to export liquefied natural gas from Kitimat, B.C., newly released briefing notes for B.C.’s NDP minority government show.

The employment strategy is in sharp contrast to the abandoned plans by now-defunct rival Pacific NorthWest LNG, which would have use far more foreign workers for a site near Prince Rupert, according to the notes ministry officials prepared for Premier John Horgan and Energy Minister Michelle Mungall. read more

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Shell ramps up in Kitimat, raising Canada’s $30B LNG hopes

NATALIE OBIKO PEARSON, BLOOMBERG: July 9, 2018

A flurry of activity is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a $40 billion liquefied natural gas terminal that could at last unlock energy exports to Asia.

The action is unmistakable in Kitimat, the Pacific coast city hugging a deep inlet that would be the closest launch point on the continent for LNG cargoes to Asia. The lights are on, shades open and SUVs parked outside a 49-unit apartment complex built to house Shell executives, which sat mostly darkened for the last two years. Local workers have left jobs at a Rio Tinto Plc smelter nearby to join contractors ramping up for the LNG project. Landlords are raising rents and houses are selling twice as fast as they used to in anticipation of a flood of workers coming to town. read more

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Royal Dutch Shell: Streamlining Assets

Jun. 30, 2018 12:54 AM ET

Summary

  • Renewal of assets with great focus on the future.
  • Natural gas as energy source will continue to grow.
  • Share buybacks and generous dividends.

Background

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has been actively focusing on what kind of business it wants to be involved in. Part of this activity is to change the composition of its assets. It has been selling plants and oil licenses, and invested where it wants to position the company.

Disposals have also been done to reduce the total debt level. Much of the debt came from the $35 billion acquisition of BG Group back in March of 2016.

Disposals

Early this year, Shell communicated that its plans were to leave oil and gas operations in as many as 10 countries and instead focus more heavily on gas-rich Australia and shale opportunities in the United States. read more

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Petronas Takes 25% Stake in Shell-Led Canadian LNG Project

By Elffie Chew and Natalie Obiko Pearson: 31 May2018

(Bloomberg) — Malaysia’s Petroliam Nasional Bhd. agreed to take a 25 percent equity stake in a proposed liquefied natural gas project in Canada led by Royal Dutch Shell Plc.

The Canadian unit of Shell will hold a 40 percent stake, while subsidiaries of PetroChina Co. and Mitsubishi Corp. will have a 15 percent share each, according to a statement from Thursday from Petronas. A unit of Korea Gas Corp. will hold 5 percent. The announcement confirmed an earlier Bloomberg News report that a deal was imminent. read more

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Malaysia’s Petronas buys 25 percent stake in LNG Canada project

Shell will continue to be the biggest owner in LNG Canada, holding a 40 percent stake.

Reuters Staff: MAY 31, 2018

SINGAPORE (Reuters) – Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd [PETR.UL] said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.

The company, known as Petronas, will buy an equity stake in LNG Canada, an export project led by Royal Dutch Shell located in Kitimat, British Columbia, said Petronas in a statement. The purchase is expected to close in the next few months, the company said. read more

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LNG Canada committed to starting construction on project in 2018: CEO

Julie Gordon: MAY 15, 2018

VANCOUVER (Reuters) – The chief executive of the LNG Canada project on British Columbia’s northern coast said on Tuesday that the company was committed to starting construction on the C$40 billion ($31.1 billion) liquefied natural gas export project this year.

An investment decision on the terminal was delayed in 2016, due to sagging oil prices that hit cash flows, along with an unfavorable supply-demand outlook, but remains on track for 2018, Andy Calitz said at an LNG conference on Tuesday. read more

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Shell ‘cautiously optimistic’ about LNG Canada project, exec says

|By: , SA News Editor

Royal Dutch Shell’s (RDS.A, RDS.B) is “cautiously optimistic” about its proposed LNG Canada project in Kitimat, B.C., ahead of a potential final investment decision this year, says Shell Canada president Michael Crothers.

“We’re getting cost estimates finalized [and working] on the economics,” Crothers says, noting the Shell-led partnership recently chose Fluor and Japan’s JGC for the project’s engineering, procurement and construction.

“We don’t have a definitive time line for FID,” Crothers adds, “but we’re working through and managing these issues and making the project all the more affordable and competitive as we go.” read more

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Shell to Sell Canadian Natural Resources Stake for $3.3 Billion

Shell seeking to sell $30 billion in assets to cut debt

A unit of Royal Dutch Shell Plc has agreed to sell its entire stake in oil sands producer Canadian Natural Resources Ltd. for about $3 billion, which will be used to reduce debt.

Shell Gas BV will sell its 97.6 million shares in Canadian Natural for total pretax proceeds of $3.3 billion, and the transaction is expected to be completed by Wednesday, according to a statement from Hague-based Shell. The shares are being offered at $34.10 each, according to a person familiar with the matter, a 2.9 percent discount to its close Monday in New York. read more

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Shell to sell stake in Canadian Natural for about $3.3 bln

Reuters staff: Monday 8 May 2018

May 7 (Reuters) – Royal Dutch Shell Plc’s Shell Gas B.V. unit said on Monday it was selling its entire stake in Canadian Natural Resources Ltd for $3.3 billion.

Shell signed an underwriting agreement for the sale of its entire stake of 97.6 million shares in Canadian Natural, the company said in a statement.

Last June, Shell had reported a stake of 8 percent in Canadian Natural.

Shell decided to offload the roughly C$4.1 billion ($3.18 billion) stake in Canadian Natural Resources that it acquired as part of a deal to retreat from Canada’s oil sands, people familiar with the situation had told Reuters nearly a year ago. read more

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Shell’s $14-billion contract for Kitimat project a sign B.C. may catch the second LNG wave

Jesse Snyder: April 27, 2018 2:19 PM EDT

The consortium behind LNG Canada named the prime contractors for its $40-billion export project on Friday, taking the development forward amid concerns that steep import tariffs on some steel components could still make the project untenable.

In a decision the consortium called a “significant milestone,” LNG Canada said U.S.-based Fluor Corp. and Japan’s JGC Corp. would lead the $14-billion construction contract for the liquefied natural gas project in Kitimat on the B.C. West Coast. Construction of the facility would employ thousands of workers and take roughly five years to complete. read more

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Shell sees no risk of ‘stranded assets’ as reserves life shrinks

FILE PHOTO: Electric car chargers are seen at the Holloway Road Shell station where Shell is launching its first fast electric vehicle charging station in London, Britain October 18, 2017. REUTERS/Mary Turner/File Photo

Dmitry Zhdannikov: APRIL 12, 2018 LONDON (Reuters) – Royal Dutch Shell said on Thursday it saw little risk of having “stranded assets” in its portfolio as the world shifts to low carbon energy because the oil major will have four-fifths of its current oil and gas reserves extracted before 2030 anyway. 

Shell has one of the lowest reserves life ratio among its peers and last year it saw reserves plunging to new lows after divesting a large number of assets.

The major now sits on 12.2 billion barrels of oil equivalent, down from 13.2 billion at the end of 2016, and enough to sustain the current annual production of 1.383 billion barrels for less than nine years. read more

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All this massive LNG project needs is the thumbs up from its owners to snap Canada’s energy losing streak

Four and a half years after moving to Vancouver to ready the massive LNG Canada project for a final investment decision, or FID, Andy Calitz likens the state of the mega-energy venture to that of a peak-performance Olympic athlete in the final seconds of a gold-medal race.

It’s beating competitors at that point that makes the difference between winning and losing, said the Royal Dutch Shell PLC executive, one of the world’s top guns in LNG development.

It’s a good thing, then, that after a tortuous seven-year struggle to find a way to deliver Canadian LNG at the lowest possible price to Asia, the South African engineer is feeling optimistic about building an LNG export terminal in Kitimat, B.C. read more

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B.C. announces rebates for LNG projects in big boost to Shell’s $40B project

A model at the LNG Canada offices in Kitimat, B.C., shows the proposed liquified natural gas liquification plant and marine terminal. ROBIN ROWLAND/THE CANADIAN PRESS FILES 

March 22, 2018 | Last Updated: March 22, 2018 1:46 PM MDT

VICTORIA — British Columbia is offering new conditions and rebates for liquefied natural gas projects in the province.

Premier John Horgan made the announcement Thursday ahead of a final investment decision on LNG Canada’s $40-billion project, which would include a natural gas pipeline built from northeast B.C. to a new terminal in Kitimat.

“Potential opportunity is extraordinary. Potential risks are significant,” Horgan said. “I believe LNG Canada is working diligently to address those risks and I believe it’s the responsibility of the government to make sure we’re working to develop those opportunities for all British Columbians.” read more

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Why buy an electric car? — when you can wash away your carbon footprint at the gas station

Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. NATIONAL POST

CALGARY – You could soon be able to wash away your carbon footprint at your gas station.

Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. The initiative could come to Canada soon, as the company plans to roll it out to the general public. read more

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Despite Alberta’s warnings, oil majors Shell and BP are falling in love with carbon capture technology all over again

Geoffrey Morgan: March 13, 2018

HOUSTON — Major oil companies Royal Dutch Shell Plc and BP Plc are taking another hard look at carbon capture storage much to the alarm of Alberta which sank more than a billion dollars in the technology but was heavily criticized for pursuing an expensive method to rein in carbon emissions.

“I’m fairly surprised,” Alberta Energy Minister Marg McCuaig-Boyd said of the widespread enthusiastic touting of CCS investments at CERA Week, an important Houston energy conference organized by IHS Markit at the beginning of March. read more

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Shell’s U.S. shale output plans prioritize oil over natgas

Ron Bousso. Ernest Scheyder: 8 March 2018

HOUSTON (Reuters) – Royal Dutch Shell Plc (RDSa.L) is focused on increasing its U.S. shale operation’s oil production while slowing investment in lower-margin natural gas, an executive said on Thursday.

The Anglo-Dutch company aims to boost its overall shale production by 200,000 barrels of oil equivalent per day (boe/d) to 500,000 boe/d between 2017 and 2020, mostly in the United States with some production in Argentina.

Although the shale business has yet to generate a profit, it is expected to do so next year, Greg Guidry, who heads Shell’s shale operations, told Reuters on the sidelines of the CERAWeek energy conference in Houston.

Shell, like Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), aims to make shale production a driver of growth in the next decade. But today most of its output is natural gas, where profit margins are lower.

As a result, around 85 percent of Shell’s shale budget for at least the next two years will go toward new oil resources, particularly in the Permian oilfield of West Texas and Canada’s Duvernay Basin, Guidry said. read more

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Shell mulls investment in new wave of LNG projects

Shell chief executive Ben van Beurden says the company is looking to finalize new investments, which may include the company’s LNG Canada project

Geoffrey MorganGEOFFREY MORGAN Published on: March 8, 2018 | Last Updated: March 8, 2018

HOUSTON – The head of Royal Dutch Shell Plc dropped a hint that it’s keen to invest in liquefied natural gas projects soon on Tuesday, a tantalizing prospect for Canadian gas producers desperate to access rapidly changing global energy markets.

Shell chief executive Ben van Beurden did not specifically mention the company’s LNG Canada project in Kitimat, British Columbia when he addressed a room of oil and gas executives on Wednesday, but indicated the company is looking to finalize new investments. read more

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LNG market needs $200 billion investment to meet demand: Shell

Ron Bousso: 26 FEB 2018

LONDON (Reuters) – More than $200 billion of investment in liquefied natural gas is needed to meet a boom in demand by 2030, Royal Dutch Shell, the world’s top LNG trader, said on Monday.

The LNG market is set to continue its rapid expansion into 2020 as facilities approved for construction in the first half of the decade come on line, in a development expected easily to meet sharp growth in consumption of the super-chilled fuel.

But a decline in spending in the sector since 2014 as a result of weaker energy prices will create a supply gap from the mid-2020s unless new investments emerge, Shell said in its 2018 LNG Outlook. read more

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Yedlin: East Coast LNG projects quietly moving forward

Local Input~ Aerial View of the Bear Head LNG Project Site, Nova Scotia, Canada. Photo: Courtesy of Liquefied Natural Gas Limited. 0211 biz gmo bearhead

DEBORAH YEDLIN, CALGARY HERALD: 24 FEB 2018

Lost in the hyper-focus on British Columbia and its persistent obstruction of energy infrastructure development is the East Coast, where two liquefied natural gas projects are quietly moving forward in Nova Scotia.

Both Bear Head LNG to be located on the north bank of the Strait of Canso and Pieridae Energy in Goldboro are at different phases of their progress, but unlike what’s going on in B.C. there is a marked absence of opposition. read more

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Why The Next Oil Boom Will Be Fueled By Blockchain

By Meredith Taylor – Feb 21, 2018, 6:00 PM CST

Big Oil is due for a disruption.

The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long.

But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector.

It’s official: Blockchain technology has infiltrated Big Oil.

The hype behind blockchain has reached a full-blown frenzy. And for good reason.

The technology, which creates secure ledgers for digital transactions and rapidly accelerates the pace at which transactions can be made, has the potential to disrupt every major industry: real estate, shipping, banking and healthcare. read more

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Shell Commits to Expanding Gas Stations as Some Rivals Retreat

Istvan Kapitany, head of Shell’s global retail business

By Kevin Orland: 9 February 2018

(Bloomberg) — While many oil producers are stepping back from their retail operations, Royal Dutch Shell Plc is doubling down.

Shell, which has about 44,000 filling stations around the world, opened its first one in Mexico last year, the start of $1 billion in investments over the next decade. Shell also is ramping up spending in China, India, Indonesia and Russia, Istvan Kapitany, head of Shell’s global retail business, said in an interview in Calgary. read more

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Canadian shale boom triggers quakes in Alberta town as frackers rush to drill new wells

Communities like Fox Creek, Alberta, are feeling the economic benefits of the shale boom, along with fracking-linked earthquakes. 

Drilling has been so intense near Fox Creek, Alberta that it’s been linked to a series of earthquakes.Brennan Linsley/AP Photo

Bloomberg News: Robert Tuttle: February 9, 2018: 12:59 PM EST

In the Western Alberta town of Fox Creek, roughnecks shuffle through hotel lobbies, freight trucks choke slushy streets and, every once in a while, tremors shake the earth.

Welcome to Canada’s biggest shale boom. Chevron Corp., Royal Dutch Shell Plc, Encana Corp., Murphy Oil Corp. and XTO Energy Inc. are among those flocking to Fox Creek to stake their claim in the oil-rich Duvernay shale formation. 

Here, the prize is condensate, an ultra-light oil that’s perfect for diluting the heavy tar-sands crude for which Alberta is known. More locally produced diluent would be a plus for Canadian companies that now depend on the U.S. — and for communities like Fox Creek that are feeling the economic benefits along with fracking-linked earthquakes. More of both may be in the offing as drillers flock in Chevron’s wake into the Duvernay region. read more

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Why Canada is the next frontier for shale oil

FILE PHOTO: Four rigs drill at the Super Pad in Seven Generations Energy’s Kakwa River Project in northwest Alberta, Canada in a photo provided January 19, 2018. Seven Generations Energy Ltd/Handout via REUTERS

Nia Williams: 29 JAN 2018

CALGARY, Alberta (Reuters) – The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oil sands.

Now Canada is looking to its own shale fields to repair the economic damage.

Canadian producers and global oil majors are increasingly exploring the Duvernay and Montney formations, which they say could rival the most prolific U.S. shale fields.

Canada is the first country outside the United States to see large-scale development of shale resources, which already account for 8 percent of total Canadian oil output. China, Russia and Argentina also have ample shale reserves but have yet to overcome the obstacles to full commercial development. read more

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U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

Ernest Sheyder and Valerie Volcovici

HOUSTON/WASHINGTON (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico.

The industry’s focus on an area located near a sprawling network of existing platforms, pipes and ports could ease the path to new reserves, and assuage the drilling opponents near other places offered under the Interior Department’s proposed drilling plan issued last week, like California’s Pacific, the Atlantic and Arctic. read more

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Shell share price: Group’s future growth to depend on shale

Oil major’s disposals continue with stake in Dutch wind farm

by Tsveta ZikolovaMonday, 08 Jan 2018, 08:58 GMT

The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.

Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points. read more

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What 2018 May Mean For The Oil & Gas Industry

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All That New Shale Oil May Not Be Enough as Big Discoveries Drop

Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects.

Discoveries of new reserves this year were the fewest on record and replaced just 11 percent of what was produced, according to a Dec. 21 report by consultant Rystad Energy. While shale wells are creating a glut now, without more investment in bigger, conventional supply, the world may see output deficits as soon as 2019, according to Canadian producer Suncor Energy Inc. read more

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Shell Canada’s SEEL Program Fund provides learning experiences beyond the classroom 0

Shell Canada’s SEEL Program Fund provides learning experiences beyond the classroom

Undergraduate students and representatives recognized at annual luncheon

By University Relations Staff: December 18, 2017

On Nov. 30, the University of Calgary hosted the 10th annual celebratory luncheon for a diverse group of students who participated in activities funded by the Shell Experiential Energy Learning (SEEL) Program.

Having just completed its 11th year, the SEEL Program at UCalgary provides funding to undergraduate students and groups for field trips, conferences, special projects and other activities focused on sustainable energy, environment and economy, with a priority placed on hands-on learning experiences. read more

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Shell Canada donates $1 million worth of technology to organizations in need across Canada

PRESS RELEASE PR Newswire

Nov. 28, 2017, 10:30 AM

Canadian Electronic Recycling Association celebrates major milestone and equips 12 agencies in need, including Tsuu T’ina Nation

CALGARY, Nov. 28, 2017 /CNW/ – Shell Canada today announced a $1 million donation of computer equipment to the Canadian Electronic Recycling Association (ERA), who will distribute it to organizations in need across Canada. This is the ERA’s single largest donation to date and marks a milestone for the organization.

To kick off this donation, Shell and the ERA will distribute more than 300 recent model computers, laptops and monitors to 12 organizations across Canada on November 28 as part of “Giving Tuesday” (#GivingTuesday www.givingtuesday.org). The remainder of the donation will be given out to schools and other organizations over the coming months. Organizations are encouraged to contact the ERA (www.era.ca) to find out how they can access this donated equipment. read more

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Reuters: Two Alberta oil sands upgraders warning of volume cuts

|By: , SA News Editor

Two oil sands upgraders in Alberta – Royal Dutch Shell (RDS.A, RDS.B) and Suncor Energy’s (NYSE:SU) Syncrude – are warning customers about cuts to synthetic crude output in November because of upsets at the plants, Reuters reports.

Shell Canada is telling customers that synthetic crude volumes from its 255K bbl/day Scotford upgrader may be lowered this month and possibly next month because of a valve leak, and the Syncrude oil sands project, which has capacity to produce nearly 350K bbl/day, also is telling customers it will cut synthetic crude volumes by ~5% in November, according to the report. read more

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Shell Canada says Quest carbon capture and storage project exceeds expectations

17 NOVEMBER 2017

Shell Canada’s Quest Carbon Capture and Storage (CCS) project in the Alberta oil sands has sequestered over two million tonnes of carbon dioxide underground. Quest, situated at Shell’s Scotford facility, hit the two million tonne target in July 2017, some 21 months after becoming operational. The company said the target was originally expected to be reached after two years, and the project was exceeding expectations.

“This project has just been incredibly exciting because not only are we proving that this technology works, but we are demonstrating that Canadians are at the forefront of carbon capture and technology,” said Shell Canada external relations advisor Conal MacMillan.

The CCS project, which is among just a handful throughout the world, captures CO2 emissions from the Shell upgrader in Scotford, a facility which processes crude bitumen from oil sands into a wide range of synthetic crude oils. read more

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One person injured after heavy oil leak at Shell Scotford northeast of Fort Saskatchewan

CATHERINE GRIWKOWSKY: 15 November 2017

One person was injured and the Shell Scotford site was evacuated for several hours after a heavy oil mixture leak on Wednesday afternoon.

The “hydrocarbon release” happened around 12:30 p.m. inside a processing unit at the Scotford Facility near Fort Saskatchewan, according to a statement sent by Tara Lemay on behalf of Shell. The all-clear was sounded at 6:30 p.m.

One person reported a minor injury and all non-essential personnel were moved off-site as a precaution, the statement said. All personnel were accounted for. read more

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Employees relocated after ‘hydrocarbon release’ at Scotford upgrader outside Edmonton

Emergency crews were called to respond to a hydrocarbon release at a Shell Canada’s Scotford upgrader facility northeast of Fort Saskatchewan on Wednesday afternoon. Craig Ryan/ Global News

Emergency crews were called to respond to a hydrocarbon release at a Shell Canada facility northeast of Fort Saskatchewan on Wednesday afternoon.

The company said the incident unfolded at its Scotford upgrader facility which processes crude bitumen. Late Wednesday afternoon, Shell confirmed an alarm was sounded and personnel were “relocated away from the incident as a safety precaution.” read more

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€38m revenue hit for Corrib partners after gas problems

Now, some of the financial cost to the Corrib Gas Partners, Shell Ireland, Statoil and Vermilion Energy from the odourless gas being pumped into the network can be revealed.

Gordon Deegan: Irish Independent: Wednesday 1 

Corrib Gas Partners lost out on estimated natural gas revenues of around €38m in the third quarter of this year as a result of odourless gas getting into the network and a scheduled downtime.

Production ceased at the Bellanaboy gas terminal in Co Mayo on September 9th for a scheduled downtime and a total of 31 days of production were lost.

This was as a result of odourless gas being pumped into the gas network in the west of Ireland after the plant was restarted temporarily. read more

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Kitimat patiently waits for its gas boom as global LNG markets head towards balance

GEOFFREY MORGAN, FINANCIAL POST 21 Sept 2017

CALGARY – Despite multiple liquefied natural gas project cancellations recently on Canada’s West Coast in recent weeks, the mayor of Kitimat, B.C. is still confident at least one will be built in his town – and even some of the more pessimistic analysts are beginning to agree.

“We’re still extremely positive,” Kitimat mayor Phil Germuth said of the prospects for two LNG projects proposed in and around his northern B.C. town. He said preliminary site work is underway at both Chevron Corp.’s Kitimat LNG project and the Shell Canada Ltd.-led LNG Canada project. read more

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Shell Canada shuts some gas operations due to southern Alberta wildfire

Nia Williams: SEPTEMBER 12, 2017 / 8:59 PM

CALGARY, Alberta (Reuters) – Shell Canada, a subsidiary of Royal Dutch Shell Plc (RDSa.L), is shutting some gas operations in its Waterton complex in southern Alberta as a precaution against an uncontrolled wildfire raging nearby, the company said on Tuesday.

The Waterton complex includes natural gas wells and a processing plant and has production capacity of nearly 179 million cubic feet per day.

So far the company has not shut its Waterton gas plant but is closely monitoring the situation, spokesman Cameron Yost said in a statement. read more

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Shell Invests to Boost Global Gas Demand

Europe’s biggest energy company is investing in projects to boost global gas demand and aims to continue feeding the market it’s nurturing with new liquefied natural gas export plants.

Royal Dutch Shell Plc is supporting the development of gas use in heavy transport such as shipping and is also helping smaller and less credit worthy customers begin importing LNG, Maarten Wetselaar, the company’s director of integrated gas and new energies, said at an event at Bloomberg’s Sydney office Wednesday. As new LNG customers enter the market, that will open a window for Shell and others to develop new low-cost export plants. read more

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Canada’s Oil Industry Doomed If Prices Fall Lower

By Nick Cunningham – Aug 20, 2017, 6:00 PM CDT

Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell, Marathon Oil, Murphy Oil and Statoil have sold upwards of $25 billion worth of oil sands assets this year. ExxonMobil also wrote down more than 3.5 billion barrels of oil reserves in Canada at the beginning of 2017. The companies viewed Alberta’s bitumen and heavy oil as no longer competitive in a $50 market, and many of them are focusing on other types of production, such as shale. read more

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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

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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

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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

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4 Things Royal Dutch Shell’s CFO Thinks You Should Know

Tyler Crowe: (TMFDirtyBird): 17 July 2017

We all knew that Royal Dutch Shell‘s (NYSE:RDS-A) (NYSE:RDS-B) management had big plans to transform the company post-BG Group merger, but I don’t think we anticipated it to happen this quickly. Not only has the company executed tens of billions in asset sales over the past several months, but the company’s cash flows from operations seem to suggest that management is wringing out a lot of inefficiencies that have plagued Shell’s returns for years. read more

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Shell unloads its stake in Corrib

Development of the Corrib field sparked a series of confrontations between the Irish police and environmental demonstrators before the first gas was brought ashore two years ago: NIALL CARSON/PRESS ASSOCIATION

Royal Dutch Shell has sold its stake in the contentious Corrib gas project off the Republic of Ireland to a Canadian pension fund for up to $1.23 billion.

The Anglo-Dutch energy group agreed to sell its 45 per cent stake in Corrib, about 50 miles off Ireland’s northwest coast, to a subsidiary of the Canada Pension Plan Investment Board.

The latest deal in a $30 billion divestment programme comprises a $947 million payment up front and up to a further $285 million between 2018 and 2025, depending on gas prices and production. read more

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Shell Signs Agreement for biofuel technology

CALGARY, June 27, 2017 /CNW/ – Royal Dutch Shell plc, through its subsidiary Shell International Exploration and Production B.V. (“Shell”), and SBI BioEnergy Inc. have reached an agreement granting Shell exclusive development and licensing rights for SBI’s biofuel technology. Edmonton-based SBI has a patented process that can convert a wide range of waste oils, greases and sustainable vegetable oils into lower carbon drop-ins for diesel, jet fuel and gasoline. Under the agreement, Shell and SBI will work together to demonstrate the potential of the technology and, if successful, scale up for commercial application. read more

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Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands

Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. ConocoPhillips and Royal Dutch Shell Plc are leading the exodus amid a bear market for crude. However, Canadian producers are responding by pumping money into oil deposits in the remote boreal forests, which trail only Saudi Arabia and Venezuela in proved reserves but are more expensive to extract.

FULL ARTICLE

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Shell says it will proceed with B.C. energy plans despite political uncertainty

DAN HEALING, THE CANADIAN PRESS 

CALGARY — Royal Dutch Shell will forge ahead with its energy development plans in British Columbia regardless of the uncertainty swirling around the province’s political future, says the company’s Canadian country chair.

Energy investments in B.C. have been cast into doubt after the May 9 provincial election that saw the Liberals win 43 seats and the NDP take 41— a situation that gives the Green party the balance of power with their three seats. read more

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Shell Canada budget drops by half a billion dollars after oilsands sale

The Canadian Press Published Tuesday, June 6, 2017 2:22PM EDT

CALGARY – The president of Shell Canada says his capital budget will shrink by about half a billion dollars this year following the sale of most of its oilsands assets in a deal that closed last week.

Michael Crothers says it will be about $1.5 billion this year, down from over $2 billion in 2016, but the Canadian branch remains an important part of Royal Dutch Shell’s global operations.

He said in an interview the company’s sale of oilsands assets to Canadian Natural Resources (TSX:CNQ) means it will now concentrate on its shale oil and gas properties in B.C. and Alberta, along with its refining and chemical businesses near Edmonton and its proposed West Coast LNG project. read more

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After oilsands divestments, Shell Canada refocuses on gas, chemicals and renewables

Geoffrey Morgan | June 6, 2017 4:27 PM ET
More from Geoffrey Morgan | @geoffreymorgan

Shell Canada President & Country Chair Michael Crothers during an interview in Calgary, Alberta: Photograph by Todd Korol for National Post

CALGARY – Shell Canada Ltd. will soon announce a project to turn vegetable products into diesel fuel in Alberta, as part of the company’s transition to produce less oil and more energy from natural gas, renewables and chemicals.

This follows Shell’s massive US$7.25-billion divestment of its oilsands assets, announced March 9. The company still plans to build an LNG terminal in British Colombia, but no timeline has been set. read more

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Shell Canada statement on oil sands divestment

CALGARY, May 31, 2017 /CNW/ – A statement from Shell Canada President and Country Chair Michael Crothers on the completion of two previously announced agreements that will see Shell sell the majority of its oil sands interests and all of its in-situ interests in Canada:

“Shell has built safe, responsible and competitive oil sands mining and in-situ businesses in Alberta over the past decades thanks to the tireless work and dedication of our staff, contractors and joint venture partners; strong support from local communities, including our indigenous neighbours; and leadership from all levels of government. I am immensely proud of everything we have achieved together and of the legacy we leave to Canadian Natural. read more

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Canadian Oil Sands Brace As Oil Majors Dump Shares

By Tsvetana Paraskova – May 30, 2017, 5:00 PM CDT

Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares of the Canadian companies that Shell and ConocoPhillips received.

Although the share transactions are subject to lock-up periods of up to six months following the closing of the deals, Shell and ConocoPhillips are getting ready to sell those shares—possibly months after acquiring them—regulations and agreements permitting. read more

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