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Posts under ‘LNG’

Report: Gas could be sidelined by renewables in parts of Australia

By Daniel J. Graeber: 26 July 2017

July 26 (UPI) — With Australia monitoring natural gas demand, a consultant group found gas-fired power could get squeezed out in parts of the country as renewables get cheaper.

FULL ARTICLE

Malaysia’s Petronas scraps $11.4-billion LNG project in B.C.

Malaysia’s Petronas has cancelled plans for an $11.4-billion liquefied natural gas terminal on the B.C. coast, a major blow to Canada’s efforts to become a global LNG supplier. READ MORE

In Australia, Shell signals new era for LNG

In Australia, Shell signals new era for LNG

By Daniel J. Graeber: July 25, 2017

July 25 (UPI) — The arrival of a floating liquefied natural gas facility off the coast of Australia signals a milestone for the region as an energy hub, Royal Dutch Shell said. The company’s Prelude vessel, its first-ever floating platform for LNG, arrived off the coast of Western Australia, after leaving its South Korean shipyard in late June. READ MORE

We warned Shell in 2005 that Corrib would turn into a PR disaster

By John Donovan

An article we published on 3rd July 2005 warned in relation to the Corrib Gas project in Ireland: “Do we spy another PR disaster on Shell’s horizon…”

I went on to warn:

..there appears to be all of the ingredients present for another Shell PR disaster…

At the 2005 Shell AGM, the then Chairman of Shell Transport and Trading Company Lord Oxburgh, was gung-ho about  jailing land owner opponents of the Corrib gas pipeline, who became known as the Rossport Five. read more

More Shell News 13 July 2017

How Europe’s Monster Gas Field Turned Into a Monster Headache: Bloomberg: 13 July 2017

Judge to consider demands to close Europe’s largest gas field; Groningen has contributed almost 300 billion euros to budget; What was once a blessing is now an expensive curse; Officials are also considering criminal charges against NAM executives READ MORE

Corrib gas timeline: 20 years of protests and controversy: The Irish Times: 13 July 2017

June 2005 – High Court jails five men who became known as the “Rossport Five” for contempt of court over their continued protests over the pipeline route. READ MORE

Trump administration approves Eni plan to drill offshore Alaska: Reuters: 13 July 2017

Royal Dutch Shell Plc quit its exploration quest offshore Alaska in 2015 after a ship it had leased suffered a gash in mostly uncharted waters… READ MORE read more

Shell Corrib Gas News 13 July 2017

Shell unloads its stake in Corrib: The Times: 13 July 2017

Royal Dutch Shell has sold its stake in the contentious Corrib gas project off the Republic of Ireland to a Canadian pension fund for up to $1.23 billion. READ MORE

Shell’s Corrib exit leaves energy giants up to €2.5bn in the red: 13 July 2017

Energy groups behind the controversial Corrib gas field off the Mayo coast are as much €2.5 billion in the red on their investment, as Shell’s move to sell a stake to a Canadian state pension fund has left it with loss of up to €1 billion. READ MORE

Losses on Corrib near €2bn as Shell sells up: The Irish Times: 13 July 2017

It had been beset by more than a decade of delays and rows with protesters before production began. READ MORE read more

Irish Gas: Shell sells out and departs leaving a toxic legacy behind

Shell is gone and good riddance…

News Release – Issued by Shell to Sea – July 13th, 2017

It was announced yesterday that Shell is planning to sell its 45% stake of the Corrib Gas project to Canada Pension Plan Investment Board (CPPIB).

Shell to Sea today claimed that Shell caused considerable damage to all State institutions involved in the Corrib Gas project since their involvement began in 2002.

Some examples of the damage done to these State institutions:

  • Two former Shell sub-contractors with OSSL, have sworn in court that they delivered £25,000 of alcohol in 2007 (and other amounts in previously) to Gardaí involved in policing Corrib Gas protests at the request of Shell.[1]
  • When Bord Pleanala turned down the initial planning application for Bellanaboy refinery, leaked minutes of a meeting of Shell Managing Directors indicate that Shell’s response was to query “whether the group had sufficiently well placed contacts with the Irish government and regulators.” . Subsequently Shell met with Bertie Ahern in September 2003 and within a week the Chairman of Bord Pleanala met with representatives of the 3 companies involved in Corrib Gas. An Bord Pleanala granted the subsequent refinery application. [2]
  • RTE were forced to issue an apology over a news report, after they attempted to create the impression that a recording of Gardaí joking about threatening to rape two women in their custody, had been “altered” or “tampered with” . Retired RTE producer Betty Purcell, who worked with RTE for 33 years has stated that it was her belief that Shell personnel appeared to have ‘automatic access’ to senior management in RTE. [3]
  • Despite the Corrib protests being the biggest single cause for compaints to the Garda Ombudsman no Garda has ever been punished that is known about. This lack of results on Garda misbehaviour has resulted in Shell to Sea previously calling for the disbandment of GSOC inorder to setup a proper Garda watchdog. In 2007, then Minister for Justice, Brian Lenihan also refused GSOC permission to do a “policies and practices” investigation into the policing of Corrib protests. [4]
  • In 2005, when jailing the Rossport 5, President of the High Court Judge Joseph Finnegan stated about a breach of a Shell injuction allowing access to Rossport residents’ land, “if ignored then society breaks down. If you insist then I can impose imprisonment and fines, for example hundreds of thousands of euro per day. I have no hesitation in having farms sold. If I have to send every farmer to jail, I will because I have made an order”. In comparison a Shell breach of a court injunction forbidding them from entering land in 2009 is still being processed by the courts.[5]

Commenting on the proposed Shell sale of Corrib, Shell to Sea spokesperson Maura Harrington stated “Shell is gone and good riddance but Shell to Sea remains and will continue the fight to protect the natural resources of Ireland from any future planned plunder” read more

PRELUDE FLNG; A CASE OF ADDING FUEL TO THE FIRE

By Bill Campbell – Retired HSE Group Auditor, Shell International

The physics of fire is readily explained by the simple fire triangle where the constituents needed to be available for fire to begin and persist are a heat source, oxygen and a combustible fuel.

In our industry in 1988 and later in the Gulf of Mexico and offshore India were witnessed catastrophic happenings where an escalating hydrocarbon event could not be curtailed, went out of control and escalated because of the abundance of fuel in massive amounts, mainly gas.

The abundance of fuel on an offshore installation, or on a London Tower building, housing hundreds of people, raises the risk to persons occupying these facilities significantly.  Risk is not just the probability of a fire starting but the potential consequences of that fire should it start and take hold.     read more

Shell Sells Irish Corrib Gas Field Stake

Shell sells Corrib stake to Canadian pension fund for €1.08bn: The Irish Times: 12 July 2017

Royal Dutch Shell has sold its 45 per cent interest in the Corrib gas field to a unit of Canada Pension Plan Investment Board (CPPIB) in a deal worth up to $1.23 billion (€1.08 billion), as the group continues to sell off non-core assets. READ MORE

Shell to exit upstream business in Ireland with $1.23 billion stake sale: Reuters: 12 July 2017

The transaction, which is subject to partner and regulatory approval, is expected to complete in the second quarter of 2018, Shell said on Wednesday. READ MORE

Shell Sells Irish Gas Field Stake for $1.2 Billion to Canada Pension Fund: The Wall Street Journal: 12 July 2017

LONDON—Royal Dutch Shell PLC has sold its stake in a controversial Irish gas field for up to $1.23 billion to one of Canada’s biggest pension funds, but the deal will result in a $350 million impairment charge, the company said Wednesday. READ MORE read more

More Shell News 12 July 2017

Prelude Article by Business News Western Australia: 12 July 2017 read more

Shell News Update 10 July 2017

‘Big oil’ dismisses predictions of collapse in demand: Financial Times: 10 July 2017

Saudi Aramco and Royal Dutch Shell acknowledged that a shift towards renewable energy — including battery-powered cars — was under way but said oil and gas would remain indispensable for decades to come. Ben van Beurden of Shell said the transition to low-carbon technologies would “take place over generations” rather than as a rapid “revolution”. READ MORE

Qatar LNG flows unaffected by crisis: Shell: Reuters: 10 July 2017

Qatari exports of liquefied natural gas (LNG) remain stable amid ongoing tension between the world’s biggest LNG exporter and its neighbors, an executive for Royal Dutch Shell said on Monday. READ MORE read more

Shell News Update 5 July 2017

Qatar signals LNG price war for market share in Asia: Reuters: 5 July 2017

U.S. and European oil majors such as Royal Dutch Shell and Chevron have invested huge sums over the last decade – often more than they have spent on oil – in an attempt to dominate the LNG market, especially through mega-projects in Australia such as Chevron’s Gorgon or Shell’s Prelude.

Oil majors lost $115 billion in market value since April: OilPrice.com: 5 July 2017

ExxonMobil, Chevron, Total, Royal Dutch Shell, and British Petroleum are the five biggest players on the index, which includes 85 other majors. Together, they have lost $115 billion in market value since the beginning of April, Bloomberg reports, according to World Oil. read more

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