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Posts under ‘Gas’

Greg Hands used a meeting with a Brazilian minister to pass on oil companies’ concerns: Rex Features

Brazilian government later gave major drilling licenses to the two companies

Liam Fox’s Department for International Trade successfully lobbied the Brazilian government over environmental regulations on behalf of three major oil companies, an official document has revealed. Greg Hands, the international trade minister, reportedly made representations on behalf of BP, Shell and Premier Oil during a trip to Brazil in March. Details revealed in the cable were apparently released by mistake. Following a freedom of information request, the DIT sent Greenpeace the full cable, with sensitive passages highlighted instead of redacted. It later released a second version with the same passages blacked out. FULL ARTICLE read more

Analysis: Oil giants unlikely to share coal’s fate, for now

Ron Bousso, Simon Jessop, Susanna Twidale: NOVEMBER 17, 2017

The move by the $1 trillion fund, the world’s largest, rattled stock markets, exposing what is seen as one of the biggest threats to companies such as Royal Dutch Shell, Exxon Mobil and BP as the world shifts towards renewable energy such as wind and solar. FULL ARTICLE read more

World’s Biggest Wealth Fund Wants Out of Oil and Gas

The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks.  

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks. The plan would entail the fund, which controls about 1.5 percent of global stocks, dumping as much as $40 billion of shares in international giants such as Exxon Mobil Corp. and Royal Dutch Shell Plc. The Finance Ministry said it will study the proposal and decide what to do in “fall of 2018” at the earliest. FULL ARTICLE read more

UPDATE 2-Dutch court rejects government’s Groningen gas production plan

Wednesday’s decision was met with jubilation from Groningen citizens, many of whom have seen their houses damaged by the thousands of small earthquakes triggered by the gas extraction.

By Bart H. Meijer: NOVEMBER 15, 2017

THE HAGUE, Nov 15 (Reuters) – The highest Dutch administrative court has rejected the government’s plan to cap production at a major gas field that has caused damaging earthquakes, saying it might be possible to cut output further without endangering supplies.

The decision adds another chapter to the long fight over gas production in the northern Dutch province of Groningen, where citizens accuse the government of endangering their lives while protecting gas revenues. read more

Shell Says Yes To Free Cash Flow, No To Debt

Callum Turcan: Nov 15, 2017

Summary

  • Royal Dutch Shell generates free cash flow in Q3.
  • Outlook for Q4, even in light of impending capex increase, looks bright due to Brent rallying.
  • Over $10 billion in net debt reduction since the end of Q3 2016.
  • Overview of Q3 results and what to expect going forward.

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has come a long way since it bottomed out in early-2016. Its latest earnings reportreinforced the notion that when Brent is trading in the $50s, Shell’s cash flow position becomes balanced. Cash flow neutrality is the key breakeven point for the industry in the current environment, as oil & gas giants need to show that they can cover capital expenditures and large dividends through organic means at realistic prices. Let’s check out how Royal Dutch Shell did in a low $50s Brent world, with an eye on organic cash inflows and outflows. FULL ARTICLE WITH CHARTS read more

Woodside Falls Most in Year After Shell to Sell Stake

Shares falls as much as 3.5% in early Australia trading

Allan Gray Australia says it boosts stake in the LNG producer

Woodside Petroleum Ltd. fell the most in a year after Europe’s biggest oil company, Royal Dutch Shell Plc, said it would offloaded its entire holding in the Australian liquefied natural gas producer for $2.7 billion. Woodside shares fell as much as 3.5 percent in intraday trading on Tuesday to A$31.10 ($23.74), and changed hands at A$31.19 at 11:51 a.m. in Sydney. Shell said it would sell an 8.5 percent stake in Woodside at A$31.10 a share, a 3.5 percent discount to Woodside’s closing price on Monday. The Anglo-Dutch company then expanded that sale overnight to exit its remaining 4.8 percent holding. FULL ARTICLE read more

Why Energy Giants Will Continue to Dominate LNG Market

Trade in the $90 billion market for the superchilled gas is poised to double by 2040: Photographer: Tomohiro Ohsumi/Bloomberg

Total SA’s billion-dollar deal to buy liquefied natural gas assets from Engie SA shows how much size matters in the industry. 

After Royal Dutch Shell Plc’s takeover of BG Group Plc last year, industry consultant Wood Mackenzie Ltd. says the latest accord is evidence that the biggest energy companies with access to large volumes of diverse supplies will continue to dominate, even as commodity traders from Glencore Plc to Trafigura Group Pte are expanding.  read more

Shell’s LNG Strategy A Great Complement To Overall Operations

Zoltan Ban: Nov 13, 2017

Summary

  • LNG is set to see robust growth on the back of growing global dependence on natural gas. The LNG industry will provide more supply security, which will be increasingly desired.
  • Shell has become a global leader in LNG, after the BG merger.
  • The advantage of investing in Shell as a way to play the LNG growth story is the fact that its downstream segment will act as a hedge in bad times.
 FULL ARTICLE

RESTRICTED: Not to be circulated outside Shell

 

EMAIL SENT BY JOHN DONOVAN TO SHELL 13 NOVEMBER 2017

From: John Donovan <[email protected]>
Subject: LEAKED ICO QUARTERLY COMPETITIVE REVIEW: Q3 2017
Date: 13 November 2017 at 12:43:37 GMT
To: [email protected]
Cc: “[email protected]” <[email protected]>

Hello Ms Asselin

I am in possession of a leaked 19 page document published by Shell yesterday 12 November 2017 entitled ICO QUARTERLY COMPETITIVE REVIEW: Q3 2017.

I note that it bears the warning:
“RESTRICTED: Not to be circulated outside Shell.

Your name appears as the lead contact. read more

Shell to Divest Interest in Woodside Petroleum for $1.7bn

by  Andreas Exarheas: Rigzone Staff: Monday, November 13, 2017

Royal Dutch Shell plc revealed Monday that it will sell part of its stake in Woodside Petroleum Limited to equity investors for around $1.7 billion.

The company’s subsidiary, Shell Energy Holdings Australia Limited (SEHAL), has entered into an underwriting agreement with two investment banks for the sale of 71.6 million shares in Woodside, representing 64 percent of its interest in the company and 8.5 percent of the issued capital, at a price of A$31.10 per share, resulting in total pre-tax proceeds of approximately $1.7 billion (A$2.2 billion). read more

Parts of multi-billion dollar Shell Oil project being constructed in Port of Iberia

Published: Updated:

PORT OF IBERIA (KLFY) – Shell Oil is in the process of conducting one of its largest projects across the globe and a big part of that project was completed right here in Acadiana. Dynamic Industries, a fabrication company operating in the Port of Iberia, has recently been building large modules for the past two years as part of a larger Shell Oil project. “It’s part of Shell Oil’s Appomattox project, the largest project on earth for Shell Oil and it’s about a 17 billion dollar project,” says Craig Romero, Port Director. FULL ARTICLE read more

SHELL NEWS STORIES POSTED 10 NOVEMBER 2017

FIVE SHELL NEWS STORIES POSTED FRIDAY 10 NOVEMBER 2017

Shell confirmed to Reuters it had sought the change… Shell spokesman Frank van Hoorn said there was nothing secret or nefarious about Shell’s lobbying for the change…

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Written by

Oil majors BP and Shell are closing in on realising key objectives for production and fundraising, an analyst has said.

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Shell has no timeline for restarting normal operations on a platform which was shut down in the US Gulf of Mexico due to a fire, a news report said.

FULL ARTICLE read more

Shell’s LNG Bunker Barge Will Fuel Giant Cruise Ships

By MarEx 2017-11-08 19:53:39

Shell has reached an agreement with Carnival Corporation to provide bunkers for two new LNG-fueled cruise ships, which will be the first of their kind in North America and the largest of any kind in Carnival’s fleet. The new partnership will provide a major customer for Shell USA’s LNG Bunker Barge, a Jones Act ATB unit that will be operated by Harvey Gulf under charter to Shell. The first-of-its kind vessel will refuel Carnival’s vessels at ports in the U.S. Southeast. Shell is replicating this strategy in Europe, where it has chartered a small LNG bunkering vessel from Victrol that will be based in Rotterdam. FULL ARTICLE read more

Level 1 event prompts flaring at Shell Monday, ‘No health impacts,’ company says

November 8, 2017

MARTINEZ, Calif. – Shell Martinez Refinery experienced an unspecified “Level 1” event Monday afternoon, forcing the plant to use flaring to combust excess gas, refinery officials said. Some residents were alarmed to see flames from the stacks, but Ann Notarangelo, external relations manager for Shell Martinez Refinery said the flaring was a proper approach. FULL ARTICLE

Shell Gears Up For Peak Gasoline

By Jon LeSage – Nov 07, 2017, 3:00 PM CST

Royal Dutch Shell is hedging its bets over the next two decades with expectations that motor fuel consumption will be diminishing and other markets rising.

Since the oil price plummet it 2014, Shell has transitioned its business model over to refining oil, offering other refined oil products, and producing petrochemicals. The oil giant will produce well beyond gasoline to serve other growing economic sectors, and to offset the role EVs will play by the 2030s. FULL ARTICLE read more

Shell expands marine LNG bunkering network with U.S.-based LNG barge

HOUSTON, Nov. 7, 2017 /PRNewswire/ — Shell Trading (US) Company announced today it has finalized a long-term charter agreement with Q-LNG Transport, LLC for an LNG bunker barge with the capacity to carry 4,000 cubic meters of LNG fuel.  As the first of its kind to be based in the United States, the ocean-going LNG bunker barge will supply LNG to marine customers along the southern East Coast of the U.S. and support growing cruise line demand for LNG marine fuel. FULL ARTICLE read more

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