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Australia PM Turnbull says gas companies agree to domestic supply deal

SEPTEMBER 27, 2017 / 5:32 AM

SYDNEY (Reuters) – Australian Prime Minister Malcolm Turnbull said on Wednesday gas companies have agreed to a two-year domestic supply deal to plug a projected shortfall in the country’s east, preventing threatened government intervention in the export market.

The agreement heads off the possibility of Australia forcibly curbing exports from Australia’s three east coast gas exporters – Royal Dutch Shell, which runs Queensland Curtis LNG (QCLNG), Origin Energy, which runs the Australia Pacific LNG (APLNG) together with ConocoPhillips and Santos, which operates the Gladstone LNG plant. read more

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Australian gas supply crunch squeezes east coast LNG exporters

UPDATE 2-Gas export curbs loom as Australia’s east faces gas shortfall

By Sonali Paul

MELBOURNE, Sept 25 (Reuters) – Royal Dutch Shell, ConocoPhillips and Santos face curbs on exporting gas from Australia’s east coast in 2018 if they fail to plug a projected local supply shortfall, Prime Minister Malcolm Turnbull warned on Monday.

Eastern Australia faces a gas shortfall of up to 17 percent of market demand in 2018, the nation’s energy market operator and competition watchdog projected in reports submitted to the government on Monday that will be the basis for a decision by Nov. 1 on whether to limit exports. read more

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Shell Expects Australia Gas Shortage to Trigger Export Restriction

The world’s second-biggest liquefied natural gas exporting nation will probably curb shipments next year to avoid a domestic shortfall of the fuel, according to the Australian head of Royal Dutch Shell Plc.

The Australian Energy Market Operator will probably declare a shortage for eastern states in the next two to four weeks, Shell Australia Chairwoman Zoe Yujnovich said at a Bloomberg event Wednesday in Sydney. That would trigger the country’s domestic gas security mechanism, a policy announced in June that could limit LNG exports from plants that draw more gas from local markets than they supply. 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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What You Missed in Royal Dutch Shell plc’s Quarterly Report

Global energy giant Royal Dutch Shell hinted at how one number, over time, could change the future of the company

Reuben Gregg Brewer: (TMFReubenGBrewer): Sep 1, 2017 at 9:16AM Royal Dutch Shell plc (NYSE:RDS-A) (NYSE:RDS-B) is one of the world’s largest integrated oil majors. It competes with the likes of ExxonMobil, Chevron, and Total. It recently doubled down on the energy business with a $50 billion acquisition. But while it’s working to pay off the debt it took on to get that deal done, CEO Ben van Beurden made an interesting statement about the future that you may have missed in the numbers of Shell’s quarterly report.

What Shell looks like now

There’s no question about how Royal Dutch Shell makes money. It is one of the world’s largest oil and natural gas drillers, with a large footprint in liquified natural gas. Oil and gas have been the driving force, broadly speaking, throughout all of the company’s over 100-years of existence. Investor questions generally focus on what management is doing to support and grow its core operations.

In the first half of the year that included capital spending of roughly $11.5 billion. The goal for the year is for capital spending of between $25 and $30 billion. Right now management expects to be toward the low-end of that range. That range, meanwhile, is the goal every year from now until 2020. read more

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Shell Joins Solar Push in Coal Country of World’s Top Exporter

Royal Dutch Shell Plc is investigating a solar power project in an Australian region better known for its fossil fuels, particularly coal.

The company is studying the feasibility of a solar development on its land in the Western Downs area of Queensland, which is subject to a final investment decision, a spokeswoman said by email. Though Shell’s statement didn’t elaborate on timing or size, the regional council this week said it had approved construction of the 250-megawatt Delga Solar Farm project proposed by Shell at Woleebee, near Wandoan. read more

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Up to 800 possible jobs for solar farm which has been given green light

Up to 800 possible jobs for solar farm which has been given green light

POWER FROM THE SUN: An example of a large-scale solar farm.

The Delga Solar Farm will be the project of Shell Australia, subsidiary of multi-national oil giant Royal Dutch Shell.

THE Western Downs is keeping up its want to be Australia’s “energy capital” as it has approved the development application for the eighth solar farm project in the region yesterday morning.

The 250MW Delga Solar Farm will be built 25km south-west of Wandoan. This continues the prominence of Wandoan in the region, adding to the largest solar farm in Australia to be built in the area, as well as the approval for a new coal mine. read more

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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

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The Secret Behind Better Oil Major Earnings

By Gregory Brew – Aug 02, 2017, 6:00 PM CDT

After several years of austerity and belt-tightening, the major international oil companies posted substantial profits in Q2 of 2017. The five largest private oil companies together generated more than $30 billion in profit, an indication that most have successfully adapted to the current bout of low prices, while a few have publicly indicated their belief that prices will hover around $50 for the foreseeable future.

What this means is that the “mega projects” that dominated many companies’ balance sheets for the last decade will become increasingly rare, as the majors pivot towards short-term, low-risk ventures with a faster turnaround. A closer look at each company shows how individual firms have adapted in distinct ways to this new era. read more

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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

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Cheap oil forcing a rethink, says Royal Dutch Shell

  • The Wall Street Journal

Royal Dutch Shell has presented a pessimistic vision for the future of oil, even as the company reported success in generating cash during a prolonged energy downturn.

Shell has cut costs and said it was preparing for a world in which crude prices might never regain precrash levels and petroleum demand declined.

Shell chief executive Ben van Beurden said the company had a mindset that oil prices would remain “lower forever” .

“We have to have projects that are resilient in a world where oil has peaked,” Mr van Beurden told reporters on a conference call discussing the company’s second-quarter financial results. “When it will happen we don’t know, but that it will happen we are certain.” read more

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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

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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

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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

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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

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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

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Shell, SoftBank Weigh Bids for Asia Renewables Firm Worth Up to $5 Bln – Sources

SINGAPORE — Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia’s largest independent renewable energy producer valued at up to $5 billion (3.84 billion pounds), sources familiar with the matter said.

Japanese trading companies, global pension funds and buyout firms are also in the fray to buy Singapore-based Equis, the sources said, at a time when many Asian governments are expanding the use of renewable power and its costs are falling. read more

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Prelude

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Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands

By Rakteem Katakey: July 11, 2017

(Bloomberg) — Royal Dutch Shell Plc, the oil company that spent more than $50 billion to buy natural-gas producer BG Group Plc, is looking to expand demand for the fuel in transport to ensure its output is consumed.

Shell is studying developing a global network of liquefied natural gas supply hubs for vehicles including ships, Steve Hill, executive vice president for gas and energy marketing and trading, said Monday at the World Petroleum Congress in Istanbul. read more

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Qatar signals LNG price war for market share in Asia

U.S. and European oil majors such as Royal Dutch Shell and Chevron have invested huge sums over the last decade – often more than they have spent on oil – in an attempt to dominate the LNG market, especially through mega-projects in Australia such as Chevron’s Gorgon or Shell’s Prelude.

By Henning Gloystein and Mark Tay | SINGAPORE

Qatar’s plan to boost liquefied natural gas (LNG) output by 30 percent is the opening shot in a price war for customers in Asia pitting the Gulf state against competitors from the United States, Russia and Australia.

Qatar, facing regional isolation in a diplomatic dispute with its Gulf neighbors, took energy markets by surprise on Tuesday when it said it would raise its LNG production to 100 million tonnes per year – equivalent to a third of current global supplies – within the next five to seven years. read more

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Jaw-dropping numbers behind the Shell Prelude, as the world’s biggest boat sails towards WA

Staff on board the Prelude.Picture: Shell Australia

Peter Milne: Sunday, 2 July 2017

Containing as much steel as 36 Eiffel Towers and spanning three times the length of the oval at Perth Stadium, Shell’s Prelude floating LNG facility will cut an imposing figure even in the vastness of the open seas between Asia and Australia.

The world’s biggest vessel was last night continuing on it journey from South Korea to its new home, 475km north-east of Broome.

It’s jaw-dropping scale presented more than a few headaches for engineers but the main difficulty was not accommodating the vessel’s girth, it was dealing with how close its crew would be to the millions of tonnes of gas that Prelude would process. read more

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Shell’s floating LNG facility sets sail from South Korea for Australia

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 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. read more

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Shell finally sets the Prelude, largest floating gas facility ever built, on course to waters off WA coast

By Babs McHugh: 30 June 2017

The largest floating natural gas facility ever built has left Korea bound for waters off the north west of Western Australia.

The Prelude is the first floating liquified natural gas (FLNG) facility commissioned by Royal Dutch Shell, and it means the company will not have to pipe gas onshore for processing.

All extraction, refining, production and offloading of the LNG will be undertaken on the vessel, which will be moored over the Browse Basin, 475 kilometres off the coast of Broome. read more

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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. read more

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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. read more

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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. read more

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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. read more

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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

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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. read more

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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. read more

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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. read more

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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. read more

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Fibre, wi-fi keep most Shell Prelude staff onshore

By Ry Crozier Apr 24, 2017

Implementing a subsea fibre optic link to underpin automation and remote monitoring aboard Shell Australia’s forthcoming Prelude floating liquefied natural gas (FLNG) platform means it will only need to fly people out to the plant “by exception”.

The Prelude project is being closely watched by the LNG sector as a potential model for future gas extraction from increasingly remote offshore fields.

Prelude’s operations will be monitored remotely from Shell Australia’s collaborative work environment (CWE) in Perth, which acts as the company’s main operations centre. read more

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Support grows for Australian cross-continent pipeline to combat gas shortages

Apr. 19, 2017 12:42 PM ET|By: , SA News Editor

Australia’s government may support construction of a 1K-mile gas pipeline likely to cost more than A$5B (US$3.8B), WSJ reports, amid growing concern about shortages of liquefied natural gas and blackouts on the country’s populous eastern seaboard.

Two senior ministers expressed support for a transcontinental pipeline as Prime Minister Turnbull met with major LNG exporters including Royal Dutch Shell (RDS.A, RDS.B), Exxon Mobil (NYSE:XOM) and Santos (OTCPK:STOSF) to discuss ways of getting more LNG into the domestic energy market. read more

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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. read more

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Shell agrees gas supply deals in Australia

By Robb M. Stewart: Published: Apr 6, 2017 2:20 a.m. ET

MELBOURNE, Australia–Under pressure to ensure industry in Australia isn’t hit with a shortfall of natural gas, Royal Dutch Shell PLC (RDSA) said it had agreed short-term sales deals with a power supplier and a maker of explosives.

The energy company is reducing exports of gas from its QGC operation in tropical Queensland in order to supply additional gas to the domestic market this year, said Zoe Yujnovich, the recently appointed chairwoman of Shell’s Australian business. read more

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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. read more

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LNG producers turn to trading, risk taking to maintain market share

* Large volume, long-term contracts now “more difficult” -Shell

* JERA, Total sign deal with flexible volumes, spot prices

* Woodside, Shell see big opportunity in small-scale LNG

By Osamu Tsukimori

CHIBA, Japan, April 5 Producers of liquefied natural gas (LNG), having shot themselves in the foot with oversupply, and facing calls for flexibility and greater competition from other fuels are taking on more risk and learning to trade, just like any other commodities dealers.

That’s a big change for a market long dominated by large producers such as Royal Dutch Shell and BP which provide major importers with fixed volumes under multi-decade contracts linked to the price of oil. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Prelude FLNG project relegated to the backburner

FLNG projects – mega tankers fitted with gas extraction and liquefaction facilities – allow producers to tap offshore gas wells and ship LNG without having to build costly pipelines to onshore plants. Owners can move the vessels to new fields when production at an old one ends, slashing asset end-of-life costs.

By Mark Tay: Reuters 6 March 2017

SINGAPORE: Once considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell in talks to sell gas field offshore Ireland

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screen-shot-2016-11-09-at-20-26-36Written by Erikka Askeland – 05/12/2016 7:23 am

Shell is reported to be in talks to sells its stake in an Irish gas field to an Australian infrastructure fund.

Macquarie is understood to have approached the oil and gas giant over its 45% stake in Corrib, valuing it at around £1billion.

If a deal is struck, the sale will be part of Shell’s plan to offload $30billion of assets in the wake of its mega-merger with BG Group earlier this year.

It is uncertain what would happen to the operatorship of the field which started pumping gas at the end of last year. Other stakeholders in the field include Statoil and Canada’s Vermillion Energy. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.