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Posts under ‘LNG’

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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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’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’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 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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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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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’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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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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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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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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Why World Worries About Russia’s Natural Gas Pipeline

Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors including Germany’s Uniper SE and Wintershall AG providing half of the 9.5 billion-euro ($11 billion) in cost.

By Elena Mazneva and Anna Shiryaevskaya | Bloomberg
August 27 at 12:00 AM

A planned new natural-gas pipeline into Europe from Russia is shaking up geopolitics. Nord Stream 2, as it’s called, worries leaders in Eastern Europe, has stirred the ire of U.S. President Donald Trump and has put German Chancellor Angela Merkel on the hot seat.

1. What is Nord Stream 2?

It’s a planned new 1,230-kilometer (764-mile) undersea pipeline that will carry natural gas from fields in Russia to the EU network at Germany’s Baltic coast. It will double the capacity of an existing undersea route — the original Nord Stream — that opened in 2011. Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors including Germany’s Uniper SE and Wintershall AG providing half of the 9.5 billion-euro ($11 billion) in cost. 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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Shell’s top LNG trader to head up JERA/EDFT trading operations

REUTERS STAFF: THURSDAY JULY 19, 2018

LONDON, July 19 (Reuters) – Japan’s JERA Trading (JERAT) has hired Sarah Behbehani, the former head of short-term liquefied natural gas (LNG) trading at Royal Dutch Shell, as the world’s biggest buyer of the fuel bulks up in Asian trading.

Behbehani’s move comes a month after JERA absorbed the LNG trading business of EDF to create JERAT as it looks to break down restrictions on trading cargoes bought under long-term deals.

Industry sources said the trading manager, responsible for a team of eight, resigned from Shell this week and will start her new role in three months. read more

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Russia’s grasp on EU gas tightens despite Trump slating Germany

Mr Trump last year signed a law giving him the right to impose sanctions on companies involved in the Nord Stream 2 pipeline project. Royal Dutch Shell, BASF’s Wintershall unit, Uniper, OMV and Engie have agreed to provide Russia’s Gazprom with financing for the €9.5bn pipeline and could be at risk of penalties.

Elena Mazneva, Margaret Talev and Naureen S Malik: 18 July 2018

US President Donald Trump eased his tone about a Russian natural gas pipeline to Germany after a one-on-one meeting with President Vladimir Putin, shifting from the harsh criticism of Germany he’d levied in Europe last week.

“We are going to be selling LNG and will have to be competing with the pipeline and I think we’ll compete successfully, although there is a little advantage locationally” because Russia is closer to buyers in Europe, Mr Trump told reporters at a news conference with Mr Putin after their meeting in Helsinki on Monday. read more

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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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Big Oil’s Next Major Move

By Tim Daiss – Jul 08, 2018, 10:00 AM CDT

Several oil majors, including Royal Dutch Shell and BP, are boosting their share of natural gas output. A Bloomberg report said these two oil companies, by increasing gas production, are trimming the lead between them and ExxonMobil, the world’s largest publicly traded oil company. ExxonMobil has a current market cap of $348 bn, while Shell has market cap of $317 bn, and BP at $156 bn.

BP expects by 2020 to produce about 60 percent gas and 40 percent oil, a reversal from 2014 when it was the opposite – a pivot that many other oil companies will likely follow. ExxonMobil for its part currently produces about 55 percent oil and 45 percent gas and remains the largest natural gas producer in the US. Shell’s acquisition of UK-based BG Group for $50 bn in 2016 boosted the share of natural gas to 50 percent of its global fossil fuels output and made it the world’s largest natural gas trader. read more

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The Netherlands Can’t Afford To Keep Its Natural Gas Promise

By Vanand Meliksetian – Jul 03, 2018, 3:00 PM CDT

The Netherlands has been the source of cheap energy for northwest Europe for the past decades. The discovery of the Groningen gas field, the 9th largest in the world, provided a reliable source of energy in a period when the oil market was rocked by embargos due to the Yom Kippur War in 1973. The future of the Dutch gas sector, however, looks bleak due to two important developments in 2018: a political decision to reduce production with a timeline to stop entirely until 2030 and a new climate agreement. The Netherlands is preparing to make major changes regarding the role of gas in people’s lives. 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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Future of Big Oil Increasingly Shaped by the Fate of Global Gas

By Kevin Crowley and Kelly Gilblom
25 June 2018, 00:00 BST

Big Oil’s fortunes are becoming tied more closely to natural gas than ever before.

Majors including Royal Dutch Shell Plc and BP Plc have boosted their proportion of gas output in recent years, helping them trim Exxon Mobil Corp.’s lead as the world’s most valuable oil company. Meanwhile Chevron Corp. added two giant Australian liquefied natural gas projects and Exxon is punching back with two major projects of its own, in Papua New Guinea and Mozambique. read more

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After Successful Talks With Buhari, Shell Gets Approval For N10bn Bonga Southwest Project

After the discussions between Buhari and van Beurden, Minister of State for Petroleum Resources, Ibe Kachikwu, sent a letter to the Group Managing Director (GMD) of Nigeria’s state-owned oil company NNPC, Mikanti Baru, instructing the corporation and the Anglo-Dutch oil company to conclude arrangements for the start of the project.

BY SAHARA REPORTERS, NEW YORK JUN 20, 2018

After years of delay, Shell has received approval to begin the Bonga Southwest project, following discussions held in London between its CEO Ben Van Beurden and Nigeria’s President Muhammadu Buhari.

The project, which was first scheduled for completion in 2014, is expected to add 225,000 barrels per day to Nigeria’s present production average of 1.8-2.00 million bpd.

After the discussions between Buhari and van Beurden, Minister of State for Petroleum Resources, Ibe Kachikwu, sent a letter to the Group Managing Director (GMD) of Nigeria’s state-owned oil company NNPC, Mikanti Baru, instructing the corporation and the Anglo-Dutch oil company to conclude arrangements for the start of the project. read more

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A Quick Snapshot Of Shell’s Integrated Gas Business

A Quick Snapshot Of Shell’s Integrated Gas Business

Buys, holds and hopes Opinions expressed by Forbes Contributors are their own.

 Trefis Team , Contributor

Royal Dutch Shell’s (NYSE: RDS.A) Integrated Gas business accounts for 20% of the company’s value, according to our estimates. LNG price movement is closely related to that of crude oil prices. As such, the average price realization for LNG was lower in 2015 and 2016. However, a recovery in oil prices since the second half of 2017 led to better price realization for Shell in the recent quarters, and this has aided the segment growth. We expect a low single digit segment revenue growth in 2018, and beyond, led by an increasing demand for LNG. We have created an interactive dashboardhighlighting the company’s Integrated Gas business. You can adjust revenue drivers and margins for 2018 and 2019 to see how it impacts the company’s overall revenues, earnings, and price estimate. Below we discuss our expectations and forecasts for the segment. read more

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Prelude FLNG Receives Cool-Down Cargo

BY MAREX 2018-06-11 12:58:00

Shell’s giant floating liquefied natural gas plant (FLNG), the Prelude, moved closer to production last week when she received a cool-down cargo from the LNG carrier Gallina.

The 70,000 dwt Gallina transferred a load of LNG to the Prelude on Wednesday and Thursday as the plant prepares for commissioning. It was the first time that Prelude has had an LNG carrier alongside to test the plant’s sophisticated loading arms.

Prelude is now testing its systems in preparation for first gas from Shell’s Prelude field, which holds an estimated three trillion cubic feet of natural gas (in combination with the adjacent Concerto field). Royal Dutch Shell hopes to begin generating revenue from the multi-billion-dollar project sometime this year. 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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Total, Shell in gas development deal with Oman

Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.

Written by

Total and Shell, as operator, will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%.

They aim to produce of around 500million cubic feet of gas per day, rising to 1billion at a later stage.

Total will use its share to develop a regional hub for supplying LNG as a fuel to marine vessels.

Arnaud Breuillac, president, exploration and production at Total, said: “We are pleased to sign this MoU with the Sultanate of Oman that will give us access to new gas resources and the opportunity to develop an integrated gas project. 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’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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Shell, Inpex near finish line in race to export north Australian LNG

Henning Gloystein: APRIL 24, 2018

SINGAPORE (Reuters) – Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world’s biggest maritime vessels to grab a slice of Asia’s booming LNG market.

Anglo-Dutch energy major Royal Dutch Shell and Inpex, Japan’s biggest oil and gas producer, are vying for first gas from two overlapping fields after delays and cost overruns that have plagued both projects. 

The pair have spent billions on offshore facilities, including Shell’s 490 meter (1,600 ft) long Prelude floating liquefied natural gas unit and Inpex’s Ichthys Explorer semi-submersible platform, both the world’s largest of their class. 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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UPDATE 2-Mubadala advances $1 bln Malaysia Pegaga gas field project

UPDATE 2-Mubadala advances $1 bln Malaysia Pegaga gas field project

Reuters Staff: MARCH 21, 2018

KUALA LUMPUR, March 21 (Reuters) – Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia’s Pegaga gas field, aiming to produce gas by the third quarter of 2021, Abu Dhabi-based Mubadala said on Wednesday.

The project in Block SK320, located in the Central Luconia province, offshore the East Malaysian state of Sarawak, will now proceed to the construction and installation stage, the company said in a statement. read more

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Gazprom and Shell review progress of joint LNG projects

Published by Will Owen, Editorial Assistant Monday 19 March 2018

Shell and Gazprom representatives have held a working meeting in St Petersburg to discuss the state and prospects of their strategic cooperation in the gas sector.

Alexey Miller, Chairman of the Gazprom Management Committee, led the Gazprom delegation; and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, and his associates represented Shell.

During the meeting, particular attention was paid to joint efforts in the LNG industry, especially the construction of the third train of the LNG plant within the Sakhalin II project. read more

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