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Dutch government to cut Groningen gas production, eventually to zero

By: , SA News Editor

  • The Dutch government says it expects gas production from Groningen, Europe’s largest onshore field, will fall to 7.5B cm/year by 2022 and drop to zero in the following years.
  • The government also gave its final approval to limit output from Groningen to 19.4B cm/year for the gas year 2018-19, compared to 21.6B cm/year previously.
  • Groningen production is limited due to activity at the site linked to earthquakes in the region, with the government under pressure to enforce further restrictions.
  • Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM).
  • read more

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    Shell and Anadarko in dispute over Mozambique gas

    , Africa Editor, in Maputo: 13 November 2018

    Royal Dutch Shell has accused Anadarko Petroleum of holding it and the Mozambican government to hostage by refusing to supply enough domestic gas in the first phase of a giant liquefied natural gas project. 

    As part of efforts to develop the local economy, Shell plans to build a 38,000-barrel-a-day gas-to-liquid plant that will produce kerosene, diesel and naphtha. But Moon Hussain, director of the project, said Anadarko was obstructing its plans by refusing to supply gas until the second phase of the LNG project, which is not expected to start until 2031.  read more

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    Saudi Aramco ‘on way to becoming gas powerhouse’

    Aramco this year signed a memorandum of understanding with Royal Dutch Shell to jointly pursue global gas business opportunities…

    LONDON: Saudi Aramco has outlined to Arab News how it plans to massively ramp up its multibillion-dollar natural gas business, both in the Kingdom and overseas, as gas gradually replaces coal and oil in global power generation.

    Gas is viewed as a cleaner energy source than coal or oil in power stations, and there is soaring demand in Asia.

    “Gas is already a large global business and is expected to be among the fastest-growing fuels (60 percent growth) over the next quarter-century. And LNG (liquefied natural gas) is expected to make up almost half of global gas trade over the same period,” Aramco said in a statement. 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 churns out cash like oil’s above $100 again

    Oil is trading well below its price of a decade ago, but you’d have no idea looking at Royal Dutch Shell Plc’s giant pile of cash.

    The Anglo-Dutch oil major generated the most cash from operations in 10 years last quarter — almost $15 billion. The last time Shell pumped out that much money was the year crude soared to $140 a barrel, compared with about $75 today.

    As a result, the company is showing greater confidence. It increased the pace of a $25 billion buyback program, rewarding shareholders who stuck with it through crude’s collapse. The cash surge is a feather in the cap of Chief Executive Officer Ben van Beurden, who splashed more than $50 billion on buying BG Group Plc in 2016 during the depths of the downturn. 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’s up next, and last, in $200 billion Australia LNG bonanza

    And then there was one.

    Australia’s nine-year, $200 billion boom in liquefied natural gas still has a final debut in the works: Royal Dutch Shell Plc’s Prelude, floating 200 kilometers (124 miles) off its northwest coast. It’s the last project in that investment cycle to start production after Japan’s Inpex Corp. shipped its maiden cargo from Ichthys LNG on Monday.

    Shell’s Prelude is among seven export projects in gas-rich Australia sanctioned since 2009 by global energy giants including Chevron Corp. and Exxon Mobil Corp., as well as regional big hitters such as Australia’s Woodside Petroleum Ltd. and Malaysia’s Petroleum Nasional Bhd. The Pacific nation now rivals Qatar as the world’s biggest seller of LNG, a form of natural gas super-chilled into a liquid that can be shipped on tankers. read more

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    Shell to set up 10,000 new gas stations

    A Shell employee refuels a vehicle at a gas station in Chengdu, capital of Sichuan province. [Photo by Mo Xiao / For China Daily]

    By Zheng Xin | China Daily | Updated: 2018-10-23

    Global energy giant Royal Dutch Shell PLC plans to set up 10,000 new gas stations worldwide by 2025, with 5,000 in the five high-growth markets of China, India, Indonesia, Mexico and Russia.

    The company is also looking to introduce more electric vehicle charging stations, and increase sales of fluid process oils and grease to support electric-powered trains and vehicles in China.

    The move comes after its first electric-vehicle charging station entered service in Tianjin in September. read more

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    Shell Picks a Digital Platform to Build Its AI Future Upon

    Trent Jacobs, JPT Digital Editor | Alisa Choong, the chief information officer at Shell, recently told several hundred oil and gas professionals that, “Digitization is about making the right choices.”

    Speaking on a panel at SPE’s Annual Technology Conference and Exhibition in Dallas last month, Choong shared that Shell has made one of those choices by signing a 3-year deal to use the enterprise-wide analytics platform developed by Silicon Valley-based C3 IOT on Microsoft’s Azure cloud service.

    The development comes on the heels of BP’s September announcement that is expanding the use of a competing analytics platform. Taken together, these cases reveal how large operating companies plan to manage and put into action their growing arsenals of machine learning and artificial intelligence (AI) programs. 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 Exits Denmark’s Offshore Oil and Gas Sector

    BY MAREX 2018-10-17 19:01:00

    Following Chevron’s lead, Shell has decided to sell its interests in the Danish North Sea offshore sector. In an announcement on Wednesday, the Dutch oil major said that it will sell its shares in its Danish upstream sector division, Shell Olieog Gasudvinding Danmark, to the Norwegian Energy Company (Noreco). Noreco will pay $1.9 billion and assume Shell’s obligations in the Danish North Sea, including its share of the decommissioning and redevelopment costs for the overhaul of the Tyra platform. read more

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    Shell comments on deepwater vs. shale

    Oct. 18, 2018 3:46 AM ETBy: , SA News Editor

  • Growing oil and gas production from shale fields will act as a “good balance” for deepwater projects, the new head of Royal Dutch Shell’s (RDS.A, RDS.B) U.S. business, Gretchen Watkins, said in her first interview since joining the Anglo-Dutch major in May.
  • “It’s a natural hedge in the portfolio,” she added.
  • Investments into shale, or short-cycle projects, have risen as energy companies have been under pressure to rein in costs, pay down debt and boost returns amid a global shift towards forms of cleaner energy.
  • read more

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    Shell Australia, QGC to drill 250 gas wells in Queensland

    By Rick Wilkinson: OGJ Correspondent: 2018

    A group led by Royal Dutch Shell PLC that includes Queensland Gas Co. (QGC) plans to drill 250 coal seam gas wells during 2019-20 as part of its program in the Western Downs region of Queensland.

    The wells will be connected to the existing QGC gas processing plants and produce about 930 petajoules of gas over the next 30 years.

    The program has been called Project Goog-a-binge, a name gifted by the Iman traditional owners of the region. Goog-a-binge is the Iman word for scrub turkey, which is an important totem for this Aboriginal group. 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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    Gazprom and Shell discuss next steps in Baltic LNG project

    Published by , Editorial Assistant
    LNG Industry,

    A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, was recently held in St. Petersburg.

    The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED). 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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    Shell Makes a Comeback in the North Sea With New Gas Field Investment

    Posted by Jui Kate: 12-Oct-2018

    The British-Dutch oil company Royal Dutch Shell has reportedly announced its plans to invest in the North Sea to construct a gas field 149 miles east of Aberdeen. As per trusted sources, the energy giant is making a slew of new investments in the basin after selling off about EUR 2.4 billion worth of North Sea fields and assets in early 2017.

    Reportedly, Shell decided to invest in the Arran field following investments in revamping the Fram field in the Central North Sea, the Penguins field in the northern North Sea, and the Alligin field West of Shetland. According to a press release by Shell, the Arran field is likely to produce nearly 100 million cubic feet of gas and 4,000 barrels of condensate each day which is equivalent to 21,000 barrels of oil. read more

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    CEO: Oil, Gas Is Shell’s Core Business For The Foreseeable Future

    By Tsvetana Paraskova – Oct 09, 2018, 6:00 PM CDT

    Royal Dutch Shell is not ‘going soft’ on oil and gas, despite recent investments in cleaner energy and energy solutions—Shell’s core business is and will continue to be oil and gas for the foreseeable future, the supermajor’s chief executive Ben van Beurden said on Tuesday.

    Speaking at the Oil and Money conference in London, van Beurden pointed to recent headlines about Shell’s investments in hydrogen, moves into electric vehicles (EVs) charging infrastructure, or an acquisition into the UK power sector, adding this note of caution: “But even headlines that are true can be misleading. They might even make people think we have gone soft on the future of oil and gas. If they did think that, they would be wrong.” read more

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    Shell not ‘going soft’ on fossil fuel future, says boss

    9 OCTOBER 2018 • 3:35PM

    Royal Dutch Shell may be spending billions of dollars on renewable energy and electric cars, but the oil major is not straying far from its fossil fuel roots just yet.

    The energy giant’s chief executive Ben Van Beurden has warned the industry not to be swayed by the flurry of headlines marking Shell’s steps towards cleaner energy.

    “Even headlines that are true can be misleading,” he told delegates at a London conference.

    “They might even make people think we have gone soft on the future of oil and gas. If they did think that, they would be wrong,” he said.

    Speaking one day after the UN’s landmark climate report warned that more must be done to reduce greenhouse gas emissions, Mr Van Beurden said Shell still “means business” on oil and gas. read more

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    Shell CEO: Support a price on carbon — but not at any cost

    Jennifer Luxton / The Seattle Times: 

    Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden

     Special to The Times

    Can an oil and gas company favor a price on carbon emissions while not endorsing every attempt to achieve one? Yes — but Initiative 1631 has some serious flaws.

    It may seem counterintuitive for an oil and gas company to favor a scheme that would potentially make doing business more expensive. But Shell’s longstanding support for a government-led carbon price is based on our belief that a well-crafted policy would benefit all of us — society and industry. read more

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    Oil CEOs Jostle for Global Natgas Crown Under Putin’s Gaze

    Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden

    By Elena Mazneva , Dina Khrennikova , and Jack Farchy

    4 October 2018, 00:01 BST

    • Pouyanne responds to Shell investment in Canadian LNG project
    • Russia is now largest source of Total’s oil and gas output

    Two oil company bosses shared a stage with one of the most powerful men in the market, and all they wanted to do was brag about natural gas.

    Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden hailed his $31 billion liquefied natural gas venture in Canada, the biggest new project since 2013. Very nice, but not as competitive as low-cost Russian supplies, said Total SA boss Patrick Pouyanne. 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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    Putin to meet Shell CEO in Moscow – Kremlin aide

     

    By Reuters• last updated: 02/10/2018

    MOSCOW (Reuters) – Russian President Vladimir Putin will meet Royal Dutch Shell Chief Executive Ben van Beurden in Moscow this week, Kremlin aide Yuri Ushakov told reporters on Tuesday.

    Ushakov said Putin and the Shell boss will discuss the Sakhalin-2 liquefied natural gas (LNG) project on Russia’s Pacific coast, where Shell is a minority shareholder, and a plan to build an LNG plant on Russia’s Baltic coast. Shell and Russian gas giant Gazprom last year signed a memorandum of understanding to work together on the plant. 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, BP go separate ways as Washington voters consider fee on greenhouse-gas polluters

    Royal Dutch Shell opts to sit on the sidelines while BP shovels money into opposing Initiative 1631.

     Seattle Times staff reporter: September 30, 2018 

    In speeches, reports and online posts, BP and Royal Dutch Shell leaders proclaim support for government rules that put a price on greenhouse-gas pollution resulting from the combustion of oil, natural gas and coal.

    But as Washington voters head toward a November vote on an initiative to impose a carbon fee on fossil fuels, the two oil giants have gone their separate ways.

    Shell, which operates the state’s second largest refinery, in Anacortes, has opted to sit on the sidelines of what has emerged as one of the most expensive initiative battles in Washington history. If approved, Initiative 1631 could serve as a model for other states. read more

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    Shell Adds Material Acreage To Its Deep-water Position In Brazil

    RIO DE JANEIRO, Sept. 28, 2018 /PRNewswire/ — Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Óleo & Gás Ltda (“Chevron”), today won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazilin the Santos Basin. Shell will pay its share of the total signing bonus for the block, equating to approximately USD $390 million [R$ 1,562 billion]. 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

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    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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    Exclusive: Shell in talks to buy stake in Russian oil project – sources

    Olesya Astakhova, Ron Bousso: SEPT 26, 2018 

    MOSCOW/LONDON (Reuters) – Royal Dutch Shell (RDSa.AS) is in talks to buy a stake in an oil and gas project from Gazprom Neft (SIBN.MM), three sources familiar with the discussions told Reuters, a rare foray into Russia’s energy sector by a Western oil major since sanctions were imposed.

    The sources said Shell is negotiating with state-controlled Gazprom Neft, Russia’s third-largest oil producer, about acquiring a stake in the onshore Tazovskiy project in the country’s northern Yamal region. read more

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    Shell CEO says $80 oil supports energy infrastructure investment, even as steel quotas raise costs

    25 Sept 2018

    • Royal Dutch Shell CEO Ben van Beurden says $80 oil is not “unreasonable” and will help fuel spending on oil and gas infrastructure after a period of underinvestment.
    • The Trump administration’s steel quotas are beginning to impede some of Shell’s construction projects in the United States, van Beurden said.
    • Shell has not yet canceled any construction due to the trade barriers, and it is driving down the cost of its offshore projects.

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    The Trump administration’s steel quotas present a challenge to building new oil and gas infrastructure in the United States, but rising crude prices help fuel investment, Royal Dutch Shell CEO Ben van Beurden tells CNBC.

    International benchmark Brent crude hit a nearly four-year high above $81 a barrel on Monday as the market braces for U.S. sanctions on Iran that threaten to wipe about 1 million barrels a day off the market. Brent’s multiyear high came after OPEC, Russia and other oil producers declined to boost output to tackle rising prices. read more

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    In Nigeria, Shell finds there’s no easy way out

    In Nigeria, Shell finds there’s no easy way out

    25 Sept 2018

    Royal Dutch Shell wants to shift its operations in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades.

    SOURCE

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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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    Oil industry group pledges to cut methane emissions

    By: , SA News Editor

  • The Oil and Gas Climate Initiative, which U.S. giants Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) joined just last week, commits to cutting methane emissions to an intensity of 0.25% of all fossil fuel the group of 13 member companies produces by 2025.
  • The pledge could be cut further to 0.2% intensity, which would echo targets set individually by group members BP, Royal Dutch Shell (RDS.A, RDS.B) and XOM to reduce methane emissions.
  • “Our aim is to work towards near zero methane emissions from the full gas value chain in support of achieving the goals of the Paris [Climate] Agreement,” the heads of the OGCI members say.
  • The OGCI represents nearly a third of global oil and gas production and also includes France’s Total (NYSE:TOT) as well as national oil companies of China, Mexico, Brazil and Saudi Arabia.
  • read more

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    In Nigeria, Shell’s onshore roots still run deep

    An overview of the Niger delta where signs of oil spills can be seen in the water in Port Harcourt, Nigeria August 1, 2018. Picture taken August 1, 2018. REUTERS/Ron Bousso

    Ron Bousso: SEPT 23, 2018

    BODO, Nigeria (Reuters) – Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades.

    But for the company that pioneered Nigeria’s oil industry in the 1950s, the Niger Delta remains as important — and problematic — as ever.

    While Shell has cut onshore oil production and sold some onshore assets, it continues to invest in others. In fact, onshore production has risen in recent years as a share of Shell’s output in Nigeria, an analysis of company data over the past decade shows. read more

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    Oil and gas output at Russia’s Pacific Sakhalin island seen down in 2019

    Olesya Astakhova: SEPT 20, 2018

    MOSCOW (Reuters) – Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.

    Sakhalin, which is also famous for producing seafood, derives most of its oil and natural gas from two offshore projects – Sakhalin-1, led by ExxonMobil, and Sakhalin-2, led by Russia’s Gazprom.

    Sakhalin-1 shareholders also include Russia’s Rosneft, Japan’s Sodeco and India’s ONGC. Apart from Gazprom, Sakhalin-2 shareholders include Royal Dutch Shell, Mitsui and Mitsubishi. read more

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    Exclusive – Shell wins LNG deal to supply Chinese firm’s power plant in Panama

    A guard stands outside Anglo-Dutch oil major Royal Dutch Shell’s first gas station in Mexico City, Mexico September 5, 2017. REUTERS/Ginnette Riquelme Liz Hampton: SEPT 20, 2018 HOUSTON (Reuters) – Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company’s 441 megawatt power plant under construction in Colon, Panama, advisors on the deal said.

    The $900 million (679.79 million pounds) power project, being built by Sinolam LNG affiliate Sinolam Smarter Energy LNG Power Co, expects to begin taking deliveries of the super-cooled natural gas in 2020, the advisors told Reuters late Wednesday.

    The deal with a Shell trading unit comes as a trade dispute between the United States and China has put global LNG exports in the spotlight. This week, China imposed tariffs on $60 billion of U.S. goods, including a 10 percent tax on LNG imports effective Monday, in response to the U.S. slapping tariffs on some $200 billion of Chinese goods. 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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    Lyondell’s Houston refinery flares due to Shell chemical plant upset: sources

    SEPTEMBER 17, 2018 / 11:39 PM

    HOUSTON (Reuters) – LyondellBasell Industries 263,776 barrel per day (bpd) Houston refinery was flaring on Monday afternoon due to a malfunction at Royal Dutch Shell Plc’s nearby Deer Park, Texas chemical plant, according to Gulf Coast market sources.

    The Shell chemical plant takes fuel gas supplied by pipeline from the Lyondell refinery, the sources said. Compressors that transport the fuel gas from the pipeline into the chemical plant were said to be malfunctioning on Monday afternoon. read more

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    Shell targets lower methane emissions from oil and gas operations

    Shell targets lower methane emissions from oil and gas operations

    Ron Bousso: Sept 17, 2018 LONDON (Reuters) – Royal Dutch Shell announced on Monday plans to limit leaks of methane, a potent greenhouse gas, across its oil and gas operations as it tries to sharply curb carbon emissions.   Shell aims to maintain methane emissions below 0.2 percent of its total oil and gas production by 2025, it said in a statement, joining British rival BP, which last year set a similar goal. Larger rival Exxon Mobil announced in May plans to reduce methane emissions by 15 percent by 2020.

    Methane is released into the atmosphere mostly from the burning of excess gas, known as flaring, as well as through leaks in gas infrastructure such as wells, pumps and pipelines.

    The gas has a bigger greenhouse impact than carbon dioxide, even though the oil and gas industry produces less methane and the gas also has a shorter lifetime.

    The methane target will be measured against a baseline leak rate, which is currently estimated at range from 0.01 percent to 0.8 percent across the company’s oil and gas assets, it said. read more

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    Shell to Lay Out Targets to Manage Methane Emissions

    By Sarah Kent: Sept. 16, 2018 7:01 p.m. ET

    LONDON— Royal Dutch Shell RDS.A -0.37% PLC said it will announce plans to lay out targets to manage its emissions of the greenhouse gas methane Monday, joining a handful of major oil companies that have made similar pledges this year.

    Shell has been outspoken about the value of natural gas as a “bridging” fuel—a cleaner-burning fossil fuel that can help bolster renewables like solar and wind energy when, for instance, the sun isn’t shining or the wind isn’t blowing.

    The company’s long-term strategy is wedded to gas. In 2016, it spent roughly $50 billion to buy smaller rival BG Group, an acquisition that cemented Shell’s position as one of the world’s biggest liquefied natural gas players. read more

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    Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1 bln – statement

    CAIRO, Sept 15 (Reuters) – Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for 8 wells in the country’s West Nile Delta, the petroleum ministry said on Saturday.

    The country also signed a second $10 million deal with Rockhopper, Kuwait Energy (IPO-KEC.L) and Canada’s Dover Corporation for exploration in the Western Desert, a ministry statement said.

    Egypt aims to be a regional hub for the trade of liquefied natural gas (LNG) after a string of major discoveries in recent years including Zohr, which holds an estimated 30 trillion cubic feet of gas. read more

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    Shell country head warns UK against no-deal Brexit

    • Added Brexit costs “completely” wrong direction
    • Uncertainty puts industry at risk: OGUK
    • Shell UK head hails “revitalized” strategy

    London — Shell on Tuesday joined calls by the oil and natural gas industry for the UK to avoid a “no-deal” Brexit, with Shell country head Sinead Lynch warning that added costs in the form of barriers to trade and movement of talent would be “completely the wrong direction” to go in.

    Industry group Oil & Gas UK warned Tuesday that uncertainty surrounding UK withdrawal from the EU, due on March 29, 2019, risked damaging confidence and impeding the industry’s recovery. 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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    ‘Shell is ready for the energy shocks to come’

    9 SEPTEMBER 2018 • 8:39PM

    Like a pair of mysterious soothsayers, Maarten Wetselaar and John Abbott are peering into the future. The world they see is almost unrecognisable from the one we inhabit today, and yet it is only just around the corner.

    In the west, the petrol car has become obsolete. Lorries are powered by liquid natural gas. Freight liners criss-cross the oceans fuelled by hydrogen. Solar and wind provide the energy to our homes.

    And the petrol station has been reimagined as an unlikely retail hotspot where people routinely gather to do their food shopping, pick up parcels, and sip artisan coffee. A convoy of vehicles are being rebooted at one of many charging points on the forecourt. read more

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    Big Oil’s LNG Obsession

    By Vanand Meliksetian – Sep 04, 2018, 3:00 PM CDT

    Since the early days of the oil and gas industry, a group of Western companies has dominated the industry. These companies have been named ‘Big Oil’ due to the size of their global footprint. Despite their technological superiority and significant access to capital, these organizations are now facing difficulties in maintaining market share and profitability. Changing requirements concerning fuel types as well as an increasing focus on environmental impacts have transformed the global energy market. Inevitably, these companies have been forced to change their strategy to remain relevant to customers. read more

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