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Posts under ‘LNG’

Shell News Update 22 June 2017

India’s LNG-led gas market may grow over 6 times by 2030: Royal Dutch Shell: Business Standard: 22 June 2017

Global oil major says that India may see at least six times growth in by 2030 from the current levels. It adds that liquefied natural gas (LNG) may be the largest contributor to it.

Brains behind Shell’s iconic Brent bid final farewell: EnergyVoice.com: 22 June 2017

Shell gave some of its former employees the chance to bid farewell to the platform, which generated more than £35billion over its four decades.

Oil Majors Snatch Up Mexican Oil Blocks: OilPrice.com: 21 June 2017

Other top-tier oil companies won blocks as well – Russia’s Lukoil took one, and Total SA and Royal Dutch Shell joined hands to win another. It marked Shell’s first upstream entry into Mexico. read more

Shell News Update

Total and Shell win block in Mexico shallow water oil auction: Reuters: 19 June 2017

A consortium comprising France’s Total (TOTF.PA) and Royal Dutch Shell (RDSa.L) won the 15th shallow water oil and gas block put up for auction on Monday, the Mexican oil regulator said.

Qatargas to deliver up to 1.1 mln tonnes of LNG per year to Shell: Reuters: 18 June 2017

Qatargas said on Saturday it had signed a sales and purchase agreement with Shell for the delivery of up to 1.1 million tonnes of liquefied natural gas (LNG) per year for five years.

European Commission approves Shell’s $3.8 billion North Sea sale: Reuters: 16 June 2017

The European Commission approved on Friday Royal Dutch Shell’s (RDSa.L) $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor. read more

Shell News Update 29 May 2017

Leave oil rigs in the North Sea, say conservationists: The Guardian: Monday 29 May 2017

Conservationists want oil companies and regulators to consider leaving more old rigs in the North Sea rather than removing them, with the savings paid into a fund to protect sealife.

Gazprom and Shell discuss joint prospects under Agreement of Strategic Cooperation: EIN News: 29 May 2017

In 2015, Gazprom and Shell signed the Memorandum to construct the third production train of the LNG plant, as well as the Agreement of Strategic Cooperation providing for the expansion of the companies’ joint project portfolio, including a potential asset swap.

Shell, partners start deepwater production at new FPSO in Brazil: 29 May 2017

KUALA LUMPUR (May 29): Petroliam Nasional Bhd (Petronas) has given the greenlight to Royal Dutch Shell PLC for the sale of the latter’s 50% stake in the 2011 North Sabah enhanced oil recovery production sharing contract (PSC) to Hibiscus Petroleum Bhd’s indirect unit SEA Hibiscus Sdn Bhd. read more

Shell News Update Thursday 6 April 2017

Shell Plans to Tap Gas Hunger in Emerging Energy Demand Center: BLOOMBERG NEWS

Royal Dutch Shell Plc plans to boost its gas marketing business in India and may expand its import capacity for the fuel as it seeks to tap the country’s demand-growth potential.

LNG producers turn to trading, risk taking to maintain market share: REUTERS

* Large volume, long-term contracts now “more difficult” -Shell

* Woodside, Shell see big opportunity in small-scale LNG

Shell News Wednesday 5 April 2017

Shell News Monday 3 April 2017

Shell withdraws from Kakinada gas project: Business Standard

European oil and gas company Royal Dutch Shell has decided to discontinue its earlier proposal for a floating liquefied natural gas (LNG) import terminal off the Kakinada coast in Andhra Pradesh. The company said ample research had showed lack of adequate demand for liquid gas. “We have put a pause on that project. We worked closely with our partners and engineers and took it to the point where our engineering work was done and we were ready to go. We looked around (but) there was not enough demand. We cannot just spend hundreds of millions and do nothing. read more

SHELL NEWS UPDATE FRIDAY 31 MARCH 2017

Shell shuts Bonny Light oil export line to remove theft points: Reuters/Daily Mail

LONDON, March 31 (Reuters) – The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points.

Shell plans to double Hazira LNG plant capacity – India head: Reuters/Daily Mail

March 31 (Reuters) – Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India’s west coast to 10 million tonnes a year, a top company executive said on Friday.

Shell Opens New Technology Hub in India: RIGZONE

Royal Dutch Shell plc has opened a new major technology hub in Bangalore, India, which can house up to 1,500 workers. read more

Shell Prelude FLNG project relegated to backburner

By John Donovan

A Reuters article published today reports that a collapse in the benchmark price of gas has hit Shell’s “long-delayed $12.6 billion Prelude project off northwest Australia”.  Citing Shell Prelude, it says that FLNG projects are being relegated to the backburner.

Shell executive VP Steve Hill is quoted as admitting: “There was maybe an expectation when Prelude was being conceived that this was the future and every LNG project would look like that. I think that got kind of superseded by the U.S. being the primary source of new LNG supply ..” read more

Shell to sell Australian aviation fuels unit to Viva Energy

Shell to sell Australian aviation fuels unit to Viva Energy

by Angela Macdonald-Smith: 19 December 2016

Royal Dutch Shell has struck a $US250 million ($343 million) deal to sell its local aviation fuels division to Viva Energy in a further slimming down of its downstream operations in Australia.

The sale follows the oil giant’s $2.9 billion divestment of its other refining and fuels activities to Viva in 2014 and comes amid heightened speculation that Shell is getting set to offload its remaining stake in Woodside Petroleum.

The deal, expected to formally close by md-2017, will see the Shell brand still used for the aviation refuelling business under a licensing deal similar to the arrangement Viva has to use the logo for its petrol retailing business. Regulatory approvals still need to be secured. read more

Shell to offload Dragon gas port

Danny Fortson: December 18 2016: The Sunday Times

Shell has begun quietly sounding out potential buyers for its share of a giant gas- import complex in west Wales.

The FTSE 100 company owns half of Dragon LNG, a terminal at Milford Haven that reheats super-chilled liquid natural gas after it is delivered by tankers. The site has the capacity to provide 10% of Britain’s gas needs.

Petronas, Malaysia’s state oil producer, owns the other half and is likely to have first right of refusal. Dragon is yet another asset that has been put up for sale by Shell, which has pledged to raise $30bn (£24bn) through a global disposal programme to offset the cost of its takeover of rival BG. read more

Royal Dutch Shell – Income Investors Should Look Elsewhere

Casey Hoerth: Dec. 14, 2016 11:09 AM ET

Summary

Shell plans on between $25 billion and $30 billion in capex next year, with flexibility to the downside.

I do not expect Shell to achieve cash flow balance in 2016, even with asset sales.

I continue to recommend other energy companies over Royal Dutch Shell, until either oil prices recover more or until Shell does something else to achieve balance.

Over the course of 2016 I haven’t recommended much when it comes buying to upstream or integrated oil companies. The reason was that I felt many still weren’t doing enough to balance their money coming in versus money going out. The CEO of one of my favorite companies, in their latest analyst day, recently quipped that energy companies couldn’t afford to wait to be ‘bailed out’ by higher oil prices. read more

Shell awards JGC contract for completion of Prelude LNG vessel

Written by Mark Lammey – 09/12/2016 3:58 pm

Japanese engineering firm JGC Corporation has won a contracted to support the completion of Shell’s Prelude floating LNG facility.

JGC said the construction work on the giant vessel − which is 1,600 ft long, 240ft wide and weighs in at 600,000 tonnes − was in its final stages in South Korea.

Once commissioned, it will produce 3.6million tonnes of LNG per year from the Prelude and Concerto gas fields, in the Browse Basin, off Australia. read more

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