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Shell upset causes high flaring

An alert was issued by Shell Canada about an upset at its Corunna plant Thursday morning.

The Aamjiwnaang Notification System says a cat cracker unit trip is causing high flaring and noise.

A Chemical Valley Emergency Coordinating Organization notice was issued.

Imperial says elevated flaring and noise is expected to continue for several more days at the Sarnia refinery while equipment repairs are made.

Company spokesperson Kristina Zimmer said Wednesday afternoon that construction of scaffolding was complete, and a repair plan had been finalized that includes replacement of a line. read more

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This Big Oil Company Has More Cash Than It Knows What to Do With

November 04, 2018, 07:19:00 AM EDT By Tyler Crowe,

This past quarter,  Royal Dutch Shell ‘s (NYSE: RDS-A) (NYSE: RDS-B) results showed the company can fund just about anything it wants right now. A large capital expenditure program? Yup. Pay down some debt? Sure! Fund its dividend? Of course! How about a $2 billion share repurchase program on top of all of that? Why not! The reason it is able to do this is that the company is generating an almost unfathomable amount of cash right now. Shell’s management said this was the most cash it has pulled in since the second quarter of 2008 when oil prices were in the $110-to-$120-per-barrel range. read more

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Shell Canada sees cost advantage in LNG Canada expansion

Julie Gordon, Rod Nickel: NOVEMBER 1, 2018

CALGARY, Alberta (Reuters) – An expansion of LNG Canada has a cost advantage over its rivals in the race to build more liquefied natural gas export capacity, but a go-ahead decision on phase two is likely still a few years away, Shell Canada’s president said on Thursday.

The first phase of the C$41 billion ($31.3 billion) Royal Dutch Shell (RDSa.AS)-led project was given the go-ahead last month, firing up a race among companies eager to be the next to tap into booming Asian demand for the gas that is supercooled into liquid form for export by tanker. read more

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Shell hit for further €89m loss as it awaits completion of Corrib gas field sale

A billion-euro acquisition deal struck last year by a giant Canadian pension fund for Shell’s holds in the Corrib gas field still has not been fully completed. (stock picture)

Fearghal O’Connor: 

Pre-tax losses at Shell’s Corrib gas field operation fell substantially last year, from €187m to €89m, according to newly-filed financial results.

A massive billion-euro acquisition deal struck last year by a giant Canadian pension fund for Shell’s 45pc holding in the controversial gas field off the Mayo coast still has not been fully completed. read more

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Shell bets on shale for flexibility in energy transition

Head of US business says oil and gas output will act as ‘balance’ for deepwater projects

in New Orleans

Growing oil and gas production from shale fields will act as a “balance” for deepwater projects, the new head of Royal Dutch Shell’s US business said, as the energy major strives for flexibility in the transition to cleaner fuels. Gretchen Watkins said drilling far beneath oceans in the US Gulf of Mexico, Brazil and Nigeria secured revenues for the longer-term, but tapping shale reserves in the US, Canada and Argentina enabled nimble decision-making. FULL FT ARTICLE read more

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Shell’s $31 Billion Gamble On Canadian LNG

Callum Turcan: October 17, 2018

Summary

  • Going over Royal Dutch Shell’s LNG Canada endeavor.
  • The pros and the cons.
  • Why this is ultimately a good idea.

Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) is making another big bet on liquefied natural gas, this time in Canada. On October 1, 2018, Royal Dutch Shell plc and its partners announced a positive investment decision on the ~US$31 billion (~40 billion Canadian dollars) Canada LNG venture. The goal is to bring an LNG export facility online in Kitimat, British Columbia, to take advantage of both its existing infrastructure (deep-water ports, roads, electricity grids) and its easy access to Asian markets. While I am a shareholder of Royal Dutch Shell, that doesn’t mean I want to be a cheerleader for every decision the company makes. Here is what I view as a very reasonable assessment of LNG Canada, highlighting both the pros and cons of this endeavor. Let’s dig in. read more

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Shell gas project in Canada gets greener amid LNG climate worry

Julie Gordon: OCTOBER 16, 2018 / 8:24 PM

Wouter de Klein, Manager of Groundbirch Operations, gives a safety briefing at Shell Canada’s Saturn gas plant at the Groundbirch project in Groundbirch, British Columbia, Canada, October 11, 2018. REUTERS/Julie Gordon

GROUNDBIRCH, British Columbia (Reuters) – At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada’s nascent liquefied natural gas export industry could be a climate time bomb.

The Groundbirch project, perched above Canada’s richest shale gas deposit some 1,110 kilometers (684 miles) northeast of Vancouver, includes four gas plants and 500 wells dotted over an area the size of New York City. read more

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Shell’s greener future is a matter of survival

The Anglo-Dutch energy giant may “turbo-charge” its drive into renewable power and electric vehicles within five years

Jillian Ambrose, energy editor: 13 OCTOBER 2018 • 5:30PM

‘We’re not an oil company,” says Ben van Beurden from across the table. It is an affable, but pointed intervention typical of the man leading the FTSE 100’s highest-valued business.

“I don’t want to be facetious or pedantic,” he continues good-naturedly. “But we are a much broader and more sophisticated company than one that produces oil. We produce much more gas than we do oil, for a start.”

For the boss of Royal Dutch Shell, the distinction is one that rings at the heart of a personal mission to transform a company which for over a hundred years has fuelled the development of the modern world. read more

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Is This The Biggest LNG Deal Of The Decade?

By Tim Daiss – Oct 03, 2018, 2:00 PM CDT

After years of indecision, governmental red tape, aboriginal resistance, environmental push-back and other problems, it appears that Canada may finally be on the path to having its first major liquefied natural gas (LNG) export project.

On Tuesday, the Royal Dutch Shell-led C$40 bn (US$32 bn) LNG Canada project announced that its project partners had reached a final investment decision (FID). It’s the first major LNG project to receive a FID in several years after numerous projects worldwide were either canceled or postponed during the plunge in global oil and gas prices from 2014 to 2017. The project was approved by all its stakeholders – Shell, Malaysian state-owned oil major Petronas, PetroChina, Korea Gas Corp (KOGAS) and Japan’s Mitsubishi Corp. read more

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Free Gas! Alberta Market Looks Forward to Shell Export Project

By Rachel Adams-Heard and Ryan Collins: 1 October 2018, 19:11 BST: Updated on 1 October 2018, 22:42 BST

  • The company said to reach final investment decision on terminal
  • U.S. competition has pummeled Western Canadian gas prices

An export terminal on Canada’s west coast may eventually rescue one of the cheapest markets for natural gas in North America — so cheap that sometimes the fuel price falls below zero.

Royal Dutch Shell Plc and its four partners have agreed to invest in the $31 billion LNG Canada project, according to people familiar with the matter. The decision to build the export terminal provides a much-needed outlet for gas in a region battered by competition from U.S. drillers, which has created bottlenecks so severe that prices can occasionally go negative. read more

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Shell-Led LNG Project Bucks Trend by Not Waiting for Buyers

By Naureen S Malik and Natalie Obiko Pearson: 1 October 2018, 22:53 BST: Updated on 2 October 2018, 08:32 BST

  • LNG Canada partners said to formally approve investments
  • British Columbia gas-export terminal to cater to Asian markets

The developers of a C$40 billion ($31 billion) project to export Canadian natural gas are taking on a bold strategy: build now and worry about buyers later.

After a decade of planning and negotiations, Royal Dutch Shell Plc and four partners gave their formal approval to build the gas-liquefaction and export terminal in British Columbia, according to a statement late Monday local time. The super-chilled fuel that’s produced will be divided up among the partners, who will each be free to sell it however and to whomever they please, according to Andy Calitz, chief executive of the joint venture, LNG Canada. read more

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Shell Approves Long-Awaited Canadian LNG Project

Decision to go ahead with $14 billion project follows years of delay, and signals growing confidence in global gas markets

By Sarah Kent and Sarah McFarlane: Updated Oct. 2, 2018 9:48 a.m. ET

LONDON—A group led by Royal Dutch Shell RDS.A -0.33% PLC is pressing ahead with a major Canadian liquefied natural gas project after years of delay, the company said Tuesday, raising competition for LNG developments in the U.S. already under pressure from new Chinese tariffs.

The 14-million-ton-a-year project in British Columbia is the biggest LNG development to gain investment approval in years and the first for Canada. By the mid-2020s, it is expected to start sending massive tankers of supercooled natural gas to demand centers in Asia. read more

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Shell, Partners Announce $31 Billion LNG Canada Investment

By Natalie Obiko Pearson , Stephen Stapczynski , Elffie Chew , and Kelly Gilblom: 2 October 2018, 07:08 BST: Updated on 2 October 2018, 13:51 BST

  • Project will create new route to Asia for North American gas
  • Investment to be Canada’s largest infrastructure project

Royal Dutch Shell Plc and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada — the largest of its kind in years that will carve out the fastest route to Asia for North American gas.

LNG Canada — comprised of Shell, Malaysia’s Petroliam Nasional Bhd, Mitsubishi Corp., PetroChina Co. and Korea Gas Corp. — confirmed the expected final investment decision in the C$40 billion ($31 billion) project, according to a statement from Shell on Tuesday. Bloomberg News reported Sunday that the group had approved the investment and an announcement was imminent. read more

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Shell, partners approve huge $31 billion LNG Canada project

KUALA LUMPUR, Malaysia — Royal Dutch Shell Plc and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in Kitimat, B.C. — the largest new one of its kind in years that would carve out the fastest route to Asia for North American gas.

LNG Canada — comprised of Shell, Malaysia’s Petroliam Nasional Bhd, Mitsubishi Corp., PetroChina Co. and Korea Gas Corp. — is set to announce a final investment decision on the $40 billion project as early as Monday, said people with direct knowledge of the plans, who asked not to be identified because the matter isn’t public. The exact timing still hasn’t been decided. read more

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Shell’s LNG Canada ‘Sprints’ Ahead After Asian Partners Give OK

By Jasmine Wang , Stephen Stapczynski , and Aibing Guo: 28 September 2018, 10:23 BST: Updated on 28 Sep 2018, 11:34 BST

  • PetroChina, Kogas approve investment in gas export venture
  • All partners expected to take final investment decision soon

Two of Royal Dutch Shell Plc’s Asian partners in a liquefied natural gas venture in western Canada approved their share of the investment, pushing the multibillion-dollar development one step closer to a final approval.

The board of PetroChina Co., the nation’s largest oil and gas company, approved its $3.46 billion share of the LNG Canada project, the company said in a filing to the Hong Kong stock exchange Friday. Korea Gas Corp. made a similar announcement in Seoul about its stake. read more

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Shell Poised for LNG Canada Decision With Signs Pointing to Yes

By Natalie Obiko Pearson , Michael Bellusci , and Kevin Orland
26 September 2018, 15:31 BST

  • Shell, partners said to plan announcement in early October
  • Project group plans event involving fireworks in Kitimat

Royal Dutch Shell Plc and its partners are set to announce a decision on their C$40 billion ($31 billion) liquefied natural gas terminal in western Canada as early as next week, amid signs the companies are poised to approve it, according to people familiar with the plans.

Preparations for an Oct. 5 announcement followed by an LNG Canada event and fireworks at the local golf club the next day are underway in Kitimat, British Columbia, the site of the proposed project, said people with direct knowledge of the activities, who asked not to be identified. The situation is fluid and timing could change, the people said. read more

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Shell CEO Considers New Natural-Gas Bet

By Ryan Dezember and Inyoung Hwang: 

Shortly after Ben van Beurden took over as chief executive of Royal Dutch ShellPLC, he bet the company on natural gas, with a roughly $50 billion takeover of a rival focused on shipping the fuel around the globe. Now he is preparing to double down.

Mr. van Beurden said Tuesday that a consortium led by the Anglo-Dutch energy giant will decide before year-end whether to move forward with a $30 billion, liquefied-natural-gas export terminal in western Canada.

“We postponed the decision previously when the project wasn’t ready in terms of economic fortunes,” he told The Wall Street Journal… read more

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Battered Oil-Sands Servicers Pin Hopes on Shell’s LNG Project


By Kevin Orland: 19 September 2018, 11:00 BST

Canadian industry hit hardest by downturn in energy prices

Shell-led group due to decide on $30 billion project this year

A rendering of the Shell LNG site. Source: PSM Ventures Inc.

Companies that do everything from drilling wells to building work camps are pinning their hopes on a potential C$40 billion ($30 billion) liquefied natural gas facility on British Columbia’s Pacific Coast. LNG Canada, the Royal Dutch Shell Plc-led group behind the plant, may decide whether to build the project in the coming weeks.

The export complex would be a boon for an industry that was hit hardest by the 2014-2016 downturn in oil and gas prices, and one that still hasn’t recovered. The project would need new pipelines built and fresh gas wells drilled, bringing scores of workers and tons of equipment off the sidelines.

“To see some sort of major infrastructure investment go forward would be pretty positive, both from an investment and an economics and an employment perspective,” said Scott Matson, chief financial officer of Horizon North Logistics Inc. read more

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Shell Canada gives up B.C. exploration permits to make way for protected area

The Canadian Press: Hina Alam: September 13, 2018: 4:23 PM EDT: Last Updated September 13, 2018. 7:32 PM EDT

VANCOUVER — Shell Canada Ltd. has given up its offshore exploration rights, clearing the way for the creation of Canada’s first protected marine area under the Canada Wildlife Act.

The company voluntarily released permits for about 50,000 square kilometres in an area off British Columbia’s coast to allow for the creation of the Scott Islands marine National Wildlife Area.

The company’s rights cover an area more than one-and-a-half times the size of Vancouver Island, which is hard to value, said Shell Canada president Michael Crothers, at a news conference on Thursday. read more

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Shell relinquishes exploration rights to create massive west coast marine protected area

September 13th 2018

The Canadian affiliate of one of the world’s largest oil companies, Royal Dutch Shell, is releasing 50,000 square kilometres of offshore exploration permits off the coast of British Columbia and promoting conservation.

Shell Canada president Michael Crothers made the announcement in Vancouver on Thursday alongside Fisheries, Oceans, and the Canadian Coast Guard Minister Jonathan Wilkinson, who said the area would become part of the new Scott Islands marine National Wildlife Area. read more

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These Are the Biggest Natural Gas Producers in the World

Matthew DiLallo Matthew DiLallo: (TMFmd19Sep 10, 2018 at 12:02PM

Royal Dutch Shell: A bold bet to remain the world’s second-largest gas producer

Royal Dutch Shell became the world’s second-largest gas producer in 2016 after spending $70 billion to buy BG Group, which boosted Shell’s natural gas production rate by 25% while also adding a large-scale LNG business and vast gas reserves. Shell produces natural gas from several countries, with its largest supplies coming from Norway, Malaysia, Australia, the U.S., and Canada. Australia is its biggest source of gas at more than 600 BCF in 2017, which is more than double the output of its other top regions. read more

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LNG Terminal Poised to Boost Struggling Canadian Gas Producers

By Kristine Owram: 19 July 2018, 10:00 BST

A C$40 billion Canadian LNG project led by Royal Dutch Shell Plc appears to be ramping up, although a final decision hasn’t been announced. Scotiabank’s Jennifer Stevenson expects the project to go ahead, prompting investors to reevaluate struggling Canadian gas producers. FULL ARTICLE

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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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Long-stalled LNG plant revived as Asia ditches coal

TOKYO — An international consortium led by Royal Dutch Shell and includes China National Petroleum Corp., Korea Gas and Japanese trading house Mitsubishi Corp. is moving ahead on a long-stalled liquefied natural gas plant in Canada, as environmental concerns drive Asia toward cleaner energy sources.

Japanese plant engineering company JGC and American counterpart Fluor jointly won orders to design and build the project in the British Columbia community of Kitimat on Canada’s Pacific coast for an estimated $14 billion. 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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Shell is fully committed to oil and gas from shale says Financieele Dagblad

Printed below is an English translation of an article published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Shell is fully committed to oil and gas from shale“.

By Bert van Dijk  Energy Editor

Shale gas and shale oil may then have a negative sound in Europe and hardly play a role, governments in the US, Canada, China and Argentina do see a lot of it. Shell hopes to benefit from this favorable investment climate in the coming years, especially now that the company has drastically reduced the costs of extracting shale gas and oil in recent years. 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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Shell looks to shale production for rapid growth

 in New York: Sunday 7 Jan 2018

The growth of Royal Dutch Shell’s oil and gas operations in the next decade will depend on shale production, its chief executive has said, in the latest sign of western energy groups pinning their hopes for expansion on those “unconventional” resources. Ben van Beurden told the Financial Times that he saw chemicals, electricity and biofuels as key sectors for Shell’s long-term future… FULL FT ARTICLE

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What 2018 May Mean For The Oil & Gas Industry

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