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Posts on ‘February 28th, 2019’

Shell aims to boost gas output from Norway’s Ormen Lange field

Lefteris Karagiannopoulos: February 27, 2019 OSLO (Reuters) – Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of its Norwegian operations said on Wednesday.

Output from Shell-operated Ormen Lange, Norway’s second-largest gas field and one of the key external gas supply sources for Britain, has been gradually declining since its 2012 peak.

The company postponed plans to artificially increase the field’s pressure to pump out more gas in 2014 due to high costs.

With costs having fallen since, the company and its partners, including Norway’s Equinor and ExxonMobil, now aim to choose between two proposals to improve output and recoverable reserves, said Rich Denny, head of Shell’s operations in Norway. read more

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Shell, PetroChina JV Arrow wins leases for big Australian gas project

MELBOURNE (Reuters) – Royal Dutch Shell and PetroChina joint venture Arrow Energy on Thursday was granted leases for a A$10 billion (5.37 billion pounds) project to develop Australia’s biggest coal seam gas resource.

The Queensland government said it had granted 14 leases to Arrow Energy for the Surat project, which holds 5 trillion cubic feet (140 billion cubic metres) of gas. Arrow agreed in December 2017 to a 27-year deal to sell output from Surat to the Queensland Curtis LNG (QCLNG) project run by Shell. read more

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Shell inks deal to acquire energy generation trader

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Oil giant Shell has agreed a deal to acquire an energy generation trader as part of its low carbon transition.

Limejump works with generators to “optimise their generation assets within trading markets” such as the wholesale market.

The firm says it has created a Virtual Power Platform to “maximise asset developers return on investment and reduce the concentration of carbon-emitting energy sources”.

Once the deal is finalised, Limejump will become a wholly owned subsidiary of Shell.

Brian Davis, vice president of energy solutions at Shell New Energies, said: “We are impressed by the Limejump team and their track record of building a digital energy platform that connects and optimises a diverse range of assets. 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

Novatek, Shell see Russian gas keeping edge in Europe over U.S

Dmitry Zhdannikov: FEBRUARY 27, 2019 LONDON (Reuters) – Russian gas giant Novatek and oil major Shell said on Wednesday Russian gas would remain more competitive in Europe than U.S. gas, as Moscow pursues new mega projects that would be insulated from any new U.S. sanctions.

The United States has already imposed numerous sanctions against Russian individuals and companies over Moscow’s interference in Ukraine, alleged meddling in the 2016 U.S. presidential election, and accusations it was behind a nerve agent attack in Britain. Russia denies the allegations.

Washington is mulling new sanctions that could put further strain on Russia’s economy and companies. So far, there have been no sanctions affecting conventional or liquefied natural gas (LNG) production in Russia. 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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