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Posts Tagged ‘LNG’

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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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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‘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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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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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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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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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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Royal Dutch Shell Management Presents Its “World-Class Investment Case”

Management thinks the things it has done in recent years will set it up to deliver huge returns for shareholders.

Tyler Crowe (TMFDirtyBirdMar 19, 2018  It’s hard for a $250-billion-plus business to change its stripes, but Royal Dutch Shell’s(NYSE:RDS-A) (NYSE:RDS-B) has done a rather incredible job over the past few years transforming the company into one of the most compelling investments in the integrated oil and gas industry.Now that Shell has weathered the storm of low oil prices and is back to generating returns, management has plans both within and without the oil industry to preserve what it calls a “world-class investment case.” Here are several quotes from the company’s most recent earnings conference call that highlight some of the efforts Shell is taking to both grow the business and make the stock a better investment.

Diversifying the business away from oil

One thing that is becoming a larger fixture of every investor conference call for Shell and other big oil companies is touting one’s alternative energy strategy. Shell is around the middle of the pack when it comes to shifting away from oil and gas, but CEO Ben van Beurden was quick to point out some of the investments the company made recently as well as the framework for its alternative investment strategy.

So we expect our capital investment in New Energies to be $1 billion to $2 billion on average per year until the end of the decade. But as it is dependent on both organic and inorganic investment opportunities, this might be a little bit more or a little bit less depending on the year. But that’s, of course, without changing the overall group capital investment budget for that year. 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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Shell Risks Losing Gas Race as Rival Targets Shared Resource

After a decade planning the world’s largest floating gas export plant, Royal Dutch Shell Plc’s supplies could get tapped by a competitor first.

Shell and Japan’s Inpex Corp. are both targeting gas from a connected reservoir in Australia’s remote Browse Basin, about 200 kilometers (125 miles) off its northwest coast, according to consultant Wood Mackenzie Ltd.Meeting its planned start up date this month would give Inpex’s Ichthys LNG project an edge over Shell’s Prelude LNG.

“The difference between Prelude starting six months before versus six months after Ichthys could be a few percent of their reservoir stake,” Wood Mackenzie analyst Saul Kavonic said in an email. “That is a material amount.” read more

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Coal is out and oil is fading, making natural gas the fossil fuel of choice

Royal Dutch Shell CEO Ben van Beurden speaks at the CERAWeek conference at the Hilton Americas, Wednesday, March 7, 2018, in Houston. (Photo: Karen Warren / Houston Chronicle)

Coal is too dirty. Oil is too messy. And renewables are too intermittent. But natural gas is just right.

Energy companies of every stripe have fallen in love with the stepchild of fossil fuels. No longer considered an annoying byproduct of oil drilling, natural gas’ multiple applications and relative cleanliness guarantee it a place in the future energy mix.

The CEO of French energy giant Total, Patrick Pouyanné, joked that he runs a gas and oil company, rather than oil and gas, during his appearance at CERAWeek by IHS Markit, the annual energy conference in Houston. Every major international energy company in the world is emphasizing gas over oil. read more

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Shell expects LNG demand will continue to grow in China this year

China’s energy giants return to Asian LNG market as sellers

FILE PHOTO: Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company’s interim results in Hong Kong, China March 23, 2017. REUTERS/Bobby Yip/File Photo

“We expect LNG demand to continue to grow in China this year,” Royal Dutch Shell’s Steve Hill said on Friday, citing the government’s commitment to cutting back on coal.

Oleg Vukmanovic, Jessica Jaganathan: 9 MARCH 2018

LONDON/SINGAPORE (Reuters) – Falling industrial demand and mild weather have turned China’s energy giants into sellers of liquefied natural gas (LNG) in Asia for the first time since last year’s massive import spree.

Chinese players were on the receiving end of last year’s doubling of LNG prices, largely driven by their rapid shift to gas to combat coal smog as well as elevated regional demand for the fuel.

Although a CNOOC executive last week warned producers not to expect a similar payday in 2018, industry executives said they were not unduly concerned by the blip, saying Chinese demand would continue to grow. read more

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Shell looks to meet growth in LNG trucking in Asia

SINGAPORE (Reuters) – Royal Dutch Shell is planning to build a truck loading facility at its Hazira liquefied natural gas (LNG) terminal on India’s west coast as it looks to meet demand from industrial users, a top company official said on Friday.

The facility, which could be ready by next year, will be used to supply industrial demand through trucking in places that can’t access supply from the grid, said Steve Hill, executive vice president at Shell Energy.

“It has a big potential growth … in India because energy supply reliability is a big issue in India,” he said at a media briefing in Singapore, referring to LNG being transported in trucks to industrial users.

“There hasn’t been as much supply infrastructure in place, but some of the import terminals are now putting the truck loading facilities in place so that’s opening up that option.”

Shell Gas B.V, a unit of Royal Dutch Shell Plc, holds a majority stake in the Hazira LNG Terminal and Port in a venture with a unit of France’s Total SA.

LNG trucking works well for locations off-grid, with China and India the two obvious markets, Hill said. read more

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Shell To Enforce 3:1 Ratio For Gas And Oil Output

By Zainab Calcuttawala – Mar 08, 2018, 3:00 AM CST

In an effort to halve its carbon emissions by the year 2050, Royal Dutch Shell will ensure it produces triple the amount of natural gas compared to oil, CEO Ben van Beurden said during Houston’s ongoing CERAWeek.

“Over time, this net carbon footprint ambition will transform our company’s product mix,” van Beurden said.

The company’s targets aim to lower emissions from its own operations and the burning of fossil fuels by its customers. Shell will also begin selling energy from its wind farms to offset the carbon output of its hydrocarbon business, the CEO said. read more

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Shell’s gas production could be triple oil by 2050: CEO

FILE PHOTO: Ben van Beurden, chief executive officer of Royal Dutch Shell, speaks during the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo

By RON BOUSSO: 7 MARCH 2018

HOUSTON (Reuters) – Royal Dutch Shell could boost its share of natural gas production to triple that of oil in order to meet self-imposed goals to halve carbon emissions by 2050, Chief Executive Ben van Beurden said on Wednesday.

Speaking at the CERAWeek conference by IHS Markit in Houston, van Beurden outlined a series of measures the Anglo-Dutch company is considering to meet the ambitious targets, which include limiting emissions from its operations as well as emissions from the burning of its petrol and gas by customers. read more

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Shell doubles LNG purchase agreement with Venture Global

By Peter Wells: 6 March 2018

Royal Dutch Shell has agreed to double its liquefied natural gas purchase agreement with Venture Global, taking the US LNG group one step closer to a final investment decision for its project in Louisiana. FULL FT ARTICLE

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For The First Time In 60 Years, The U.S. Is A Net Exporter Of Liquid Natural Gas

Thanks to Texas, Shell hits the ground running as the impact of liquid natural gas makes its way around the globe. MIKE MOZART/FLICKR (CC BY-NC-SA 2.0)

“We’re getting nearly two-thirds of our production coming through from Shell,” Smith says. “Shell is the real driver of why we’re seeing this situation, and because of that, we’re starting to see exports as well now. Not only are we importing less, but we’re exporting more.”

From Texas Standard.

After more than half a century, the U.S. appears to have become a net exporter of liquefied natural gas. The last time we would have been able to say that was when Eisenhower was president. The development is a major shift from predictions just a decade ago, when the U.S. was expected to have to rely on liquefied natural gas imports from Russia, Northern Africa and the Middle East forever, it seemed. What’s changed? Here to put things into perspective is energy insider Matt Smith, director of commodity research at Clipper Data. read more

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Shell Takes Major Steps Toward Energy Diversification

By David Messler – Mar 05, 2018, 12:00 PM CST

Shell has spent the last three years reinventing itself for the energy future it sees in the coming decades. A few years back, Shell was a company struggling to find its footing. Exploration success was declining, as was daily liquids production. From the graph below you can see that the lack of success in exploration was starting to equate to reduced production. An oil company’s life can be measured in production, and they were not replacing the oil being produced. read more

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Shell’s Negative Outlook On Oil Yields Positive Strategy For Company

: 28 FEB 2018

Summary

  • Shell’s long term vision of oil prices is rather negative, leading to moves to cut reliance on high-cost projects.
  • Natural gas on the other hand is seen as a growth industry for the longer term, which is why it invests in upstream, as well as downstream & LNG.
  • While I think Shell’s views on oil prices going forward is overly negative, I do think that prices will be volatile, so it is the right strategy.

Perhaps nothing highlights Shell’s (RDS.A) (NYSE:RDS.B) current leadership mindset more than its decision to sell its oil sands interests for net $7.25 billion last year. It is a mindset borne out of the belief at the top of this company’s leadership structure that there is a strong probability that oil prices will stay weak for perhaps decades to come, as demand destruction due to environmental concerns, as well as technological change will perhaps cause a peak in demand as soon as a decade from now. I personally do not share this view, yet as an investor in this company I am glad that it is making some of the structural changes that Shell is currently undertaking, because I do believe that it will transform it into one of the better energy companies out there. It will not only thrive during the good times, but it will also prove to be resilient during the bad. 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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Shell warns of liquefied natural gas shortage as LNG demand blows past expectations

  • Royal Dutch Shell reports that the market in liquefied natural gas, or LNG, reached 293 million tons in 2017, 30 percent higher than expected.
  • Despite the growth, Shell warns that the market could face a shortage of LNG by the mid-2020s due to underinvestment in new projects.
  • The root of the problem is a mismatch between the types of contracts buyers and sellers prefer, which may delay investments in new LNG capacity, Shell says.
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Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade due to underinvestment in new projects.

The Anglo-Dutch energy giant issued the warning in its second annual LNG outlook, which reports on developments in the booming market for natural gas cooled to liquid form for export. Shell says the market for LNG grew by 29 million tons last year, 30 percent more than previously expected.

Trading in LNG reached 293 million tons in 2017, up from just 100 million tons at the turn of the century. At nearly 300 million tons, suppliers shipped enough LNG last year to power about 575 million homes, by Shell’s count. 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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Shell’s Pivot to Renewables Sharpens With California Deal

(Bloomberg) — Royal Dutch Shell Plc, the world’s second-biggest oil company, is expanding its bet on renewable energy.

Shell’s North American unit agreed to provide a credit line for trading and a revolving loan facility to Inspire Energy Holdings LLC, according to a statement Wednesday. The Santa Monica, California-based clean-power, smart-home and energy-management company will use the funds to expand its reach. Terms weren’t disclosed.

While Shell and its major rivals still have the bulk of their investments in oil and natural gas, they are taking steps to diversify. Shell agreed in January to buy a 44 percent stake in Nashville-based Silicon Ranch Corp., which owns and operates about 100 U.S. solar plants. A month earlier, the Anglo-Dutch company bought First Utility Ltd., the U.K.’s seventh-largest power provider. And that followed deals last year for electric-car charging networks in Europe. read more

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Big Oil takes stage for post-austerity beauty contest

Ron Bousso: 12 FEB 2018

LONDON (Reuters) – With years of austerity in their rear-view mirrors, the world’s biggest oil companies are locked in a beauty contest to lure investors with promises of growth and greater rewards.

Royal Dutch Shell and Total are emerging as frontrunners after a three-year slump thanks to strong growth projections but Exxon Mobil, the biggest publicly traded oil company, has largely disappointed with a weaker outlook.

Major oil companies slashed spending and cut costs after oil prices collapsed in 2014 and can now generate as much cash with crude at $50-$55 a barrel as they did when the price was around $100 earlier in the decade. read more

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LNG: a US success story that tests the laws of economics

, Energy Markets Editor

“The LNG glut — conspicuously absent isn’t it?” Royal Dutch Shell chief executive Ben Van Beurden said last week, in a rare display of public self-satisfaction from a modern energy major head. He had good reason to allow himself a moment’s celebration. Shell’s decision to buy BG Group in 2015 was, at least in part, a major bet on the future of LNG. It looks now like it should pay out far sooner than many in the industry anticipated.

FULL FT ARTICLE read more

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Shell annual profits up 242% to £8.5bn as oil prices rise

Royal Dutch Shell has reported a surge in annual profits to £8.5bn – a leap of 242% on the previous year.

The Anglo-Dutch oil major credited the performance on a recovery in oil and gas prices during a “year of transformation” within the business.

Underlying earnings – which reflect day-to-day operations and strip out one-off costs – more than doubled to £11.2bn and were aided by a £3bn contribution during the final three months of the year.

The company said: “Full-year earnings benefited mainly from higher realised oil, gas and liquefied natural gas (LNG) prices, improved refining performance and higher production from new fields, which offset the impact of field declines and divestments.” read more

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The top five oil and gas trends for 2018

COLE LATIMER: JANUARY 28 2018 – 4:23PM

This year will be the year of the oil and gas revival, as prices lift performance and major projects come online.

While Australia is increasing its focus on securing domestic gas supply, it is taking a greater role globally and evolving the industry.

Wood Mackenzie Australasia oil and gas leader Saul Kavonic has outlined the five trends that will mark LNG growth in 2018.

Australia leads LNG

Australia has been ramping up its LNG projects for a number of years, and 2018 will see it finally take the world’s number one spot from Qatar. read more

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The Royal Dutch Shell Of The 2020s – A Royally Good Investment

: Jan 23, 2018

Summary

  • Royal Dutch Shell took advantage of the market downturn to acquire BG Group. That let the company grow by 50%, something that has supported production significantly.
  • Royal Dutch Shell anticipates cash flow of $25-30 billion by 2020, and that could grow to almost $50 billion with recovering oil prices. That will result in significant reward to shareholders.
  • I think LNG will be an especially rewarding opportunity for Royal Dutch Shell going forward. That could help the company’s cash flow to grow even further.

Royal Dutch Shell (NYSE:RDS.A) (NYSE: RDS.B) has been on a tear recently, growing to a $300 billion oil giant, making it the second-largest publicly traded oil company in the world. Yet the company isn’t done. A combination of the company’s integration of its more than $50 billion acquisition of BG Group, at an opportune time, combined with the company’s strong portfolio and its growth potential makes the company a royally good investment.

BG Group Combination

The company’s acquisition of BG Group, at a time when the oil markets were dropping, was viewed with various opinions. Many wanted the company to not issue shares when prices were low and preserve cash. However, the company paying for roughly 40% of the acquisition with cash minimized the dilution to shareholders. And it enabled the company to gain access to strong assets at a great time. read more

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The world’s largest-ever vessel is all set to go in 2018

In 2018, the 488-meter long facility called Prelude, will begin its job of extracting and processing gas at sea.

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Displacing as much water as five aircraft carriers is just one eye-popping statistic that attempts to explain the sheer size of the world’s largest vessel.

Construction on Shell‘s huge floating liquefied natural gas (FLNG) structure began in 2012 and was finished in July by Samsung’s Heavy Industries in South Korea, before being towed to Australia.

Now the floating facility sits at its first location, Shell’s Prelude gas field, around 125 miles north off the Western Australian coast. read more

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Kuwait Signs LNG Import Deal With Shell, Has `Pressing’ Gas Need

Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand.

The sales purchasing agreement with Shell International Trading Middle East Ltd. will start in 2020, the companies said Sunday in an emailed statement. Shell has supplied Kuwait with the super-cooled fuel since 2010 and declined to say how much gas is covered under the new contract. While KPC is working to boost local natural gas production, Kuwait has a “pressing requirement” to secure natural gas supplies in the meantime, they said. read more

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Eni Acquires Shell Stake in Australian Gas Field

By Marc Bisbal Arias Dow Jones Newswires

Eni SpA (ENI.MI) said Thursday that it has acquired the 32.5% stake in an Australian gas field owned by Royal Dutch Shell PLC (RDSA.LN)’s subsidiary Shell Australia Proprietary Ltd.

Terms of the deal were not disclosed.

The Evans Shoal field is located around 300 kilometers northwest of Darwin, where the Darwin liquefied natural gas plant is operating. The field is estimated to have at least 8 trillion cubic feet of raw gas in place, Eni said. The acquisition doubles Eni’s stake in the field to 65%.

The Italian company also said that it has become the operator of the retention lease NT/RL7 located in the north Bonaparte Basin, offshore Northern Australia. read more

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