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Posts on ‘October 2nd, 2017’

Shell to Seek Sale of Stake in $1.4 Billion Wind Farm

Royal Dutch Shell Plc and its partners Eneco Holdings NV and Mitsubishi Corp. are seeking to sell a stake in two Dutch offshore wind-farm projects that may cost $1.4 billion to develop, two people familiar with the plan said.

The companies are looking to reduce their ownership in the Borssele III and IV wind farms by as much as 45 percent, according to the people who asked not to be named because they aren’t authorized to speak about it publicly. The fourth partner, infrastructure contractor Van Oord NV, is keeping its share of the project. read more

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Shell Springboard kicks off latest search for clean tech pioneers

Oil giant opens annual £350,000 competition to entries from low carbon innovators

Shell will today officially launch its annual Springboard competition, inviting early stage, low carbon businesses to compete for a share of £350,000 of funding support.

The oil giant’s long-running clean tech innovation programme will award one national winner £150,000, and a further five regional winners £40,000 of equity-free funding to help grow their low-carbon businesses.

In addition to the funding awards, the competition winners also receive business development feedback from experts who have worked with Shell in the low-carbon sector. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell’s Floating LNG Endeavor Is About To Begin

 Oct. 2, 2017 5:45 AM ET

Summary

  • Shell’s floating liquefied natural gas project, the Prelude FLNG venture, will come online within a year.
  • Cash flow generation expected to begin in 2018, two years later than initially planned.
  • Going over the details of Royal Dutch Shell’s Prelude FLNG development.

Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) is getting closer and closer to finally completing its Prelude FLNG project off the northwestern coast of Australia. FLNG stands for floating liquefied natural gas, a marine vessel that can commercialize gas finds that are too small to justify building a new onshore LNG facility to develop. Let’s dig in.

FLNG overview

The purpose of turning gaseous methane into liquid form is that LNG takes up 1/600th of the space as a liquid, making exports economically viable. By cooling the natural gas down to negative 260oF, Shell can economically supply gas to consumers all over the world. The real genius of FLNG vessels is the ability to fit a processing plant on a ship in a fraction of the space that conventional processing facilities take up, along with Shell’s Dual Mixed Refrigerant unit that can cool the gas down. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Statoil, Shell and Total to store CO2 offshore Norway

Representatives from Shell, Statoil and Total have teamed up to steer a project that will store carbon dioxide captured from industrial operations in Norway offshore. Photo courtesy of Ole Jørgen Bratland/Statoil

Oct. 2 (UPI) — Norwegian energy company Statoil said Monday it was leading a partnership aimed at advancing Paris climate efforts through carbon capture and storage.

Statoil said it would lead a project alongside the Norwegian subsidiaries of Royal Dutch Shell and French supermajor Total in storing carbon dioxide captured from industrial facilities in eastern Norway at an offshore site. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Next Big Offshore Boom Is About To Happen Here

Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.

On Wednesday, the country’s National Petroleum Agency put 287 oil and gas blocks up for auction, and only 37 found buyers. Too few, it might seem at first. But the proceeds came in at more than US$1.2 billion—a hefty share of this pledged by heavyweight Exxon. The NPA’s expectations for the proceeds were much more modest, at $157 million. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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