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Posts under ‘Australia’

Breakthrough Technology Unlocks Hidden Natural Gas Reserves

Extracts from an article by Tim Maverick published 17 April 2014 by trefis.com The recognized leader in FLNG technology globally is Royal Dutch Shell PLC. FLNG vessels, which dwarf aircraft carriers in size, serve as floating liquefaction, storage and offtake facilities. And they certainly come with a host of advantages. You see, a floating project is […]

Royal Dutch Shell plc Wasn’t Kidding About Cutting Costs.

Article by Arjun Sreekumar published 16 April 2014 by The Motley Fool under the headline: “Royal Dutch Shell plc Wasn’t Kidding About Cutting Costs. But Will It Pay Off?” The company recently sold off key downstream assets in Australia, including a major oil refinery and network of some 870 retail gasoline stations, due to weak […]

The world has enough natural gas to last nearly 400 years

Extracts from an article by Michelle Wheeler published Friday 11 April 2014 by phys.org The world has enough natural gas to last nearly 400 years at the current rate of consumption or 110 years if production increases at a rate of two per cent a year, according to a Curtin University study. Curtin University adjunct […]

Tales of the Unexpected and Royal Dutch Shell Prelude FLNG

Tales of the Unexpected – 2nd in a series of articles by Bill Campbell, retired HSE Group Auditor, Shell International, about safety issues relating to the Shell Prelude FLNG project A Prelude to disaster? Introduction by John Donovan On 28 December I broke the news that a whistleblower had supplied me with photographic evidence to […]

Shell sees no major impact on higher US gas export to Europe

Extract from a Reuters article published 25 March 2014 by The Peninsula Tension over the future of Ukraine is prompting the European Union and United States to look at deepening their economic ties. Europe is hoping to tap the abundant energy resources of its key ally to reduce dependence on Russia, which feeds a bulk […]

Shell casts doubt on Chevron’s Gorgon gas field start date

Extract from a BusinessDay article by Angela Macdonald-Smith published 15 March 2014 Royal Dutch Shell has cast doubt on the start-up schedule for Chevron’s $US54 billion ($59.6 billion) Gorgon liquefied natural gas project in Western Australia, signalling it expects production to begin in 2016, at least six months after Chevron’s official start-up date. Shell – […]

Shell Cuts Americas Spending by 20%, Extends Refinery Sales

Extracts from an article by Eduard Gismatullin published on 13 March 2014 by Bloomberg News Royal Dutch Shell Plc (RDSA) plans to lower spending in the Americas by a fifth as Europe’s largest oil producer focuses on more profitable operations. It’s “not acceptable” that Shell, now deploying about 36 percent or $80 billion of its […]

Glencore interested in buying Shell assets in Nigeria

Extracts from a Reuters report by Silvia Antonioli published Tuesday 4 March 2014 (Reuters) – Commodity trader and miner Glencore (GLEN.L) confirmed on Tuesday its interest in buying oil assets that oil major Shell (RDSa.L) is selling in Nigeria. A source said last month that Glencore and commodity trading house Mercuria were among the short-listed […]

Why Royal Dutch Shell Is Selling Downstream Assets

Extracts from an article by Arjun Sreekumar published on 2 March 2014 by The Motley Fool Royal Dutch Shell (NYSE: RDS-A) has finally found a buyer for its downstream assets in Australia, as the Anglo-Dutch oil major embarks on a major restructuring of its global refining business and plans to sell billions of dollars worth […]

Shell shelves Hume LNG plan

Extracts from an article published by THE AUSTRALIAN on 26 Feb 2014 Royal Dutch Shell’s pullback from Australia is set to continue as the oil and gas giant aborts a plan to build a liquefied natural gas (LNG) supply chain for trucks, according to The Australian. “The project has been put on hold by Shell, […]

Shell Prelude FLNG: loss of containment of hydrocarbons almost inevitable

The revolutionary concept of offshore LNG installations (FLNG) is said to have economic and environmental advantages. A distinct disadvantage however is that the risks to health and safety of persons employed offshore on the LNG FPSO’s, such as Prelude, will be higher, when compared to onshore LNG plants of similar capacity, specifically the potential for […]

Shell in $2.6bn Australia asset sale

Extract from BBC News article published 21 Feb 2014 Oil giant Royal Dutch Shell has agreed to sell its Australian downstream business to oil trading firm Vitol for $2.6bn (£1.6bn). The sale includes Shell’s refinery in Geelong, 870 service stations, its bulk fuels and chemicals unit and part of its lubricants business. Recent disinvestments by […]

Shell agrees sale of downstream businesses in Australia to Vitol

Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion). The sale covers Shell’s Geelong Refinery and 870-site retail business – along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in […]

Woodside CEO Seeks Shell Exit Decision on $6.6 Billion Stake

Extract from Bloomberg News article by James Paton Feb 20, 2014 5:53 AM GMT Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc (RDSA) to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.”  Shell’s move to accelerate asset sales to free […]