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Posts under ‘LNG’

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

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

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

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

Shell Prelude FLNG named as FieldComm Group 2017 Plant of the Year

06 November 2017

The Shell Prelude Floating Liquefied Natural Gas (FLNG) plant/ship of Royal Dutch Shell, which will be located in the Timor Sea off the North West coast of Australia, has been named as the FieldComm Group 2017 Plant of the Year.

Having recently completed the journey to its final destination, 200-km off the Australian mainland, it will be connected to Deepwater gas wells and is scheduled to begin regular operations in 2018. The 488m x 71m vessel’s 14 production facilities, rising eight stories above the deck will extract and process around 3.6 million tonnes per year of liquefied natural gas (LNG) during its 25-year lifespan. FULL ARTICLE

Shell Swallows BG Group Whole Hog, Rolls Up Cash Flow

Ray Merola: Nov. 6, 2017

Summary

  • Shell is enjoying a remarkably successful corporate resurgence.
  • Legacy BG Group opex and capex has been absorbed entirely without a loss of combined hydrocarbon volumes.
  • Cash is king.
  • Debt is trending down.  The dividend is well-covered.  Returns are solid, and improving.
  • I remain constructive on RDS stock.

FULL ARTICLE

Shell completes $4.4 billion in sales a day before earnings report

Dutch supermajor trying to dump $30 billion in assets in order to shape the company “into a world class investment.”

By Daniel J. Graeber  |  Nov. 1, 2017 at 6:17 AM

Nov. 1 (UPI) — Royal Dutch Shell said Wednesday it made further progress in a major divestment plan by completing the sale of assets in Gabon and in the North Sea. For $628 million, Shell said it completed the sale of its entire Gabonese oil and gas interests to a company controlled by The Carlyle Group. The transaction includes the sale of all of Shell’s onshore oil and gas interests, which includes nine total fields, and the associated infrastructure, including pipelines and export terminals. read more

Africa should create gas pricing index as demand rises – ministers

* Africa gas market tiny but growing fast

* Electricity generation is main growth driver 

* Unified pricing system tough in undeveloped markets

“It would be extremely difficult to find a unified pricing system in Africa at the source. If one day Africa is well-connected with pipelines and many different sources, then maybe an index,” said Mounir Bouaziz, Royal Dutch Shell’s vice president for new business development.

By Wendell Roelf and Ed Stoddard

CAPE TOWN, Oct 26 (Reuters) – Africa should develop a gas pricing index based on the cost of electricity set midway between existing global benchmarks to ensure fairer pricing in new export projects on the continent, two African ministers said. The idea is being floated when the world’s poorest continent, where 600 million people are without electricity, is turning to liquefied natural gas (LNG) as a cheaper way to power up amid plentiful global supply. FULL ARTICLE read more

Shell lost €140m on Corrib gas field in 2016, accounts show

Barry O’Halloran: 14 Oct 2017

The Corrib natural gas field off the west coast lost €140 million last year, according to accounts filed by its operator, Shell E&P Ireland.

Global oil and gas giant, Royal Dutch Shell, is selling its 45 per cent stake in the Corrib operator to a Canadian pension fund for up to €1.08 billion. Accounts for Shell E&P Ireland show that it lost €140 million in 2016 as the cost of running Corrib exceeded the revenues that it earned. The figures show that the company’s sales were €182.2 million, but costs of €359.4 million and a near €10 million interest bill left it with losses of €187 million. A tax credit of €47 million reduced this to €140 million. read more

Shell chief punctures myths surrounding gas exporters

 Business columnist, Melbourne: 10 Oct 2017

Shell Australia’s new chair, Zoe Yujnovich, has injected what for some will be an uncomfortable dose of reality into what has been a generally misleading debate about the role that the three big Queensland export LNG plants have played in the east coast energy crisis.

In an address to the national energy summit yesterday, Ms Yujnovich took issue with the widely accepted narrative that exports from the three plants off Gladstone have created a shortage of gas on the east coast and driven a spectacular surge in gas prices for households and manufacturers. read more

Gazprom and Shell confirm their interest in implementation of Baltic LNG project

2017 October 5 15:37

Gazprom and Shell have confirmed their interest in implementation of the Baltic LNG project, IAA PortNews correspondent cites Aleksandr Medvedev, Deputy Chairman of the Board, Gazprom, and Maarten Wetselaar, Integrated Gas and New Energies Director, Shell, as saying at the 7th St. Petersburg International Gas Forum (SPIGF-2017).

“Baltic LNG project will develop and we are participating in it financially”, said Maarten Wetselaar.

According to Shell, global LNG demand is 265 mln t per year and its growth prospects are good, particularly due to the markets of China, India and other Asian countries.  read more

Australia closing in on Qatar as world’s top LNG exporter

* Australia LNG exports tipped to rise to 74 mt in 2018-19

* Australia’s share of Japan, Korea LNG imports seen growing

* Iron ore price forecast raised to $64 for 2017

SYDNEY, Oct 6 (Reuters) – Australia expects to increase exports of liquefied natural gas (LNG) by 16 percent from mid-2018 as $180 billion in new projects hit their stride, nearly catching up with Qatar, the world’s top supplier.

Rising LNG exports coupled with higher prices for steel-making commodities and thermal coal should see Australia’s overall resource and energy export earnings increase 2 percent in the year to end-June 2018, to a record A$211 billion ($165 billion), the Department of Industry, Innovation and Science said on Friday. read more

Shell’s Floating LNG Endeavor Is About To Begin

Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) is getting closer and closer to finally completing its Prelude FLNG project off the northwestern coast of Australia. FLNG stands for floating liquefied natural gas, a marine vessel that can commercialize gas finds that are too small to justify building a new onshore LNG facility to develop. Let’s dig in. FULL ARTICLE

Shell to Sea ask informed questions and demand answers from statutory bodies investigating Shell

News Release – Issued by Shell to Sea – Oct 1st, 2017 – For immediate release

— Shell to Sea has cumulative knowledge of the Shell/Corrib project, and is capable and willing to put hard questions to CER and EPA. —

The latest fiasco in the Shell refinery at Bellanaboy resulted in as yet unspecified volumes of un-odourised gas entering the national gas grid and as yet unknown quantities of toxins released to land, sea and air in Erris, north Mayo. Shell to Sea has produced a list of specific questions for CER (recently renamed to the Commission for Regulation of Utilities) and EPA, the two statutory bodies charged with investigating this most recent lapse in Shell’s ‘global technical expertise’. [1, 2] read more

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