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Posts under ‘LNG’

Qatar’s LNG Dominance Threatened by Shell’s Reported Withdrawal

Extract from an article by Andy Tully published by oil price.com on 21 July 2014 In 2013, however, one Shell well in Block D of the field came up dry, although Qatar had promoted it as a rich source of energy. As a result, Shell decided against even beginning a second exploratory well, anonymous sources […]

Shell shelves small-scale LNG plans

Extract from an upstreamonline.com article by Luke Johnson published 17 July 2014 Anglo-Dutch supermajor Shell is shelving plans for now to build three small-scale gas liquefaction plants in North America that would produce LNG for transportation fuel. Access to full article subject to subscription

Shell suspends development of Canada’s Jumping Pound gas liquefaction unit

Extracts from a Reuters article published Friday 18 July 2014 LONDON, July 18 (Reuters) – Royal Dutch Shell said it has suspended development of a liquefaction unit at Canada’s Jumping Pound facility… “We believe LNG (liquefied natural gas) in transport is a considerable opportunity for Shell, but it is an emerging market and we must […]

LNG spot crash persists as Shell bizarrely talks it up

Extracts from an article published by macro business.com on 18 July 2014 Prices of spot liquefied natural gas (LNG) for August delivery to Asia plummeted 26.5% year-over-year to an average $11.365 per million British thermal units (/MMBtu), the lowest monthly average since April 2011, the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery showed. The […]

Lift productivity to lure LNG investment, says Shell CEO Ben van Beurden

Extracts from an article by Matt Chambers published by The Australian on Friday 18 July 2014 THE head of the world’s second biggest company, Royal Dutch Shell, says Australia maintains an edge in attracting LNG investment but needs to improve labour productivity and start acting on commitments to streamline approvals if it is to capture […]

A plea for early safety design in FLNG

Extract from an article by LNG INDUSTRY Written by Mike Johnson, Principal Consultant, DNV GL. Edited by Callum O’Reilly: published 9 July 2014 Floating LNG (FLNG) production plants are approximately the size of four football pitches. As these vessels are set afloat in the middle of the ocean to face nature’s wrath, and have people working […]

Disarray continues at Irish Police Ombudsman Commission

By John Donovan  It is not long off a year since the Garda Siochana Ombudsman Commission (GSOC) begun investigating OSSL whistleblower allegations of police corruption against Royal Dutch Shell in relation to the troubled Corrib Gas Project.  Although Johan Groenewald, the person leading the investigation,said some time ago that publication of his findings was imminent, the process seems to […]

Bonaparte Surrender

By John Donovan It seems that the alarming articles we have published about the Royal Dutch Shell Prelude FLNG project, highlighting risks based on insider information and expert opinion, may have had an unintended impact.  According to a Dow Jones news report published today, GDF Suez SA and Santos Ltd have both withdrawn from their plans […]

Making Shell more palatable as an acquisition target?

From a regular contributor I think the Ho Ho line may be one of the assets being sold as part of the IPO announced today. http://royaldutchshellplc.com/2014/03/08/shell-says-ho-ho-pipeline-shut-after-leak-in-texas/  Document filed with United States Securities and Exchange Commission 18 June 2014 On another subject completely….the Chinese have done a large scale LNG deal with BP and at the […]

Shell signs global strategic alliance agreement with CNOOC

(Reuters) – Royal Dutch Shell: Tuesday, 17 June 2014 * Shell and CNOOC sign global strategic alliance agreement * Shell and China National Offshore Oil Corporation (cnooc) announced today that they have signed a global strategic alliance agreement * Under agreement, companies also commit to exploring potential cooperation opportunities in upstream, midstream and downstream * […]

€1.5bn to be spent on Irish oil and gas finds in next three years

Extract from an Irish Times article by Ciaran Hancock published Mon 16 June 2014 About €1.5 billion will be spent on oil and gas exploration around Ireland over the next three years, according to a study by accounting group PwC. Eighty per cent of those surveyed said they were optimistic about the chances of discovering […]