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Posts Tagged ‘Arrow Energy’

Shell’s Simon Henry won’t rule out write-down on Arrow LNG in Queensland

Article by Angela Macdonald-Smith: Energy Reporter, The Sydney Morning Herald: 1 May 2015 Royal Dutch Shell has declined to rule out a write-down of its multibillion-dollar investment in its Arrow Energy natural gas venture in Queensland, depending on decisions taken to develop the gas after the oil major’s $US92 billion ($116.62 billion) takeover of BG Group. Chief […]

Struggling Shell defers Arrow LNG project again

Angela Macdonald-Smith: February 1, 2014 Royal Dutch Shell has ruled out any commitment this year to the development of its Arrow liquefied natural gas venture in Queensland and signalled a more rigorous approach to other new projects in Australia, where it is also considering big asset sales. Global chief executive Ben van Beurden would not […]

Shell’s Arrow Energy to slash hundreds of jobs

Royal Dutch Shell’s Arrow Energy coal seam gas venture in Queensland is set to cut potentially hundreds of jobs as speculation mounts that the proposed LNG project will be a casualty of reined-in spending by the oil major. One source said up to 600 jobs would go, representing half of the workforce. Angela Macdonald-Smith: January 20, […]

Arrow Energy gas plant gets the green light from government

10th Dec 2013 WITH four strokes of his pen, Federal Environment Minister Greg Hunt has given approval to a suite of enormously expensive and controversial projects planned for Central Queensland and the Great Barrier Reef. Mr Hunt approved two major projects from the Shell-owned Arrow Energy, allowing it to build a $15 billion dollar  plant […]

Worrying signs over the viability of Arrow LNG’s project

ARROW Energy’s major shareholders are Royal Dutch Shell and PetroChina. There are some disturbing signals coming from them that may see plans for the construction of a fourth LNG plant on Curtis Island go the way of the dodo.  Bob Lamont 26th Nov 2013 6:28 AM ARROW Energy’s major shareholders are Royal Dutch Shell and […]

Arrow LNG a likely target in Shell spending rethink

The Arrow gas export project in Australia is a likely casualty of a tighter spending regime at Royal Dutch/Shell as the company’s new boss considers feeding output earmarked for it into a rival plant instead. By Andrew Callus LONDON Tue Nov 12, 2013 2:56pm GMT (Reuters) – The Arrow gas export project in Australia is […]

Shell says to invest $30 billion in Australia over five years

BRISBANE | Mon May 27, 2013 3:19am BST (Reuters) – Royal Dutch Shell plans to invest $30 billion in Australia over the next five years, the firm’s outgoing chief executive Peter Voser said in a speech at an industry conference on Monday. Voser, who built the oil company into a leader in liquefied natural gas, […]

Shell May Delay Australia’s Arrow LNG Project to 2014, CEO Says

By Bloomberg News – Nov 20, 2012 10:07 AM GMT Royal Dutch Shell Plc (RDSA), the world’s biggest liquefied natural gas supplier, may delay until 2014 a decision on its Arrow LNG venture that’s forecast to cost $20 billion amid rising expenses for energy projects in Australia. “We are in preparation of a potential final […]

Shell may feed Arrow gas into rivals’ Australian LNG plants

Tue Nov 20, 2012 2:35am EST * Final investment decision likely delayed for Arrow LNG * Shell may sell gas to rivals’ LNG plants * Cost blowout still an issue -source * Decision not to move forward with plant would be prudent -analysts By Rebekah Kebede and Sonali Paul PERTH/MELBOURNE, Nov 20 (Reuters) – Royal […]

Arrow Energy CEO Says Queensland LNG Invest Decision Due 2013

By Ross Kelly Published October 18, 2012 Dow Jones Newswires MORANBAH, Australia–Royal Dutch Shell PLC (RDSB) and PetroChina Co. (PTR) are on course to approve construction of a multibillion dollar gas-export project in eastern Australia next year, shrugging off fears that cost pressures or a supply glut will delay the venture. “Momentum on the LNG […]

High costs slow Shell’s Arrow LNG project

Paul Garvey From: The Australian June 06, 2012 12:00AM HIGH cost pressures faced by the oil and gas industry have been reflected in Royal Dutch Shell’s contrasting approach to two separate liquefied natural gas developments, with Shell chief executive Peter Voser signalling that progress at the company’s huge Arrow LNG project in Queensland would not […]

Shell says Arrow Gladstone LNG plant still on

Reuters 10:02 p.m. CDT, May 13, 2012 ADELAIDE (Reuters) – Royal Dutch Shell still plans to build a liquefied natural gas (LNG) plant at the Australian port of Gladstone as part of its Arrow LNG development despite reports of rising costs, Shell Australia chairwoman Ann Pickard said on Monday. Earlier this month, a source close […]

Shell’s Arrow Energy Cleared by Australia, China to Purchase Bow

December 16, 2011, 2:21 AM EST By James Paton Dec. 16 (Bloomberg) — Arrow Energy Ltd., the natural gas producer owned by Royal Dutch Shell Plc and PetroChina Co., won approval from Australia’s Foreign Investment Review Board to buy Bow Energy Ltd. for A$535 million ($534 million). The transaction was also cleared by Chinese authorities, […]

Arrow Wins Bow Energy After Boosting Offer to A$535 Million

By James Paton Sept. 26 (Bloomberg) — Arrow Energy Ltd., owned by Royal Dutch Shell Plc and PetroChina Co., agreed to buy Bow Energy Ltd. after sweetening its offer to A$535 million ($516 million), gaining resources for a natural gas project in Australia. The coal-seam gas explorer and producer in Queensland state increased its cash […]

Shell, PetroChina Unit Arrow Bids $540 Million for Australia’s Bow Energy

By James Paton – Aug 22, 2011 8:09 AM GMT+0100 Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co., offered about A$520 million ($540 million) for Bow Energy Ltd. (BOW), seeking more resources to underpin a proposed liquefied natural gas project in Australia. Arrow, a coal-seam gas explorer and producer in […]

Toxins confirmed in Australia coal-seam gas wells

Wed Nov 17, 2010 9:59pm GMT SYDNEY Nov 18 (Reuters) – An Australian coal-seam gas company owned by Royal Dutch Shell and PetroChina Co Ltd has confirmed the presence of toxins in three wells in an Australian project. Arrow Energy said in a statement released to the Australian stock exchange on Thursday that trace amounts […]

Shell-PetroChina Takeover of Arrow Means $308 Million Profit for New Hope

The takeover of gas producer Arrow Energy Ltd. by Royal Dutch Shell Plc and PetroChina Co. will generate a A$326 million ($308 million) profit for shareholder New Hope Corp., giving the coal miner more cash for acquisitions.

Shell Moves Sakhalin LNG Manager to Australia to Lead $20 Billion Project

By James Paton – Aug 26, 2010 4:48 AM GMT+0100 Royal Dutch Shell Plc has brought the former manager of Sakhalin-2, Russia’s first liquefied natural gas project, to Australia to oversee development of a proposed venture that may cost more than $20 billion. Shell, OAO Gazprom’s partner in the $22 billion Russian project, assigned Hilary […]

‘The Well From Hell’

THE NEW YORK TIMES Published: July 24, 2010 Derick E. Hingle/Bloomberg News LOCKED DOWN TIGHT The News BP and the government decided to leave the cap closed on the company’s stricken oil well on the Gulf of Mexico’s floor, preventing any oil or gas from escaping the well. Behind the News Initially, the cap’s valves […]

Arrow approves takeover by Shell-PetroChina

REUTERS SYDNEY | Wed Jul 14, 2010 5:59am BST SYDNEY (Reuters) – Arrow Energy (AOE.AX) shareholders approved a $3.05 billion takeover by Royal Dutch Shell (RDSa.L) and PetroChina’s (0857.HK) on Wednesday, clearing the way for a final legal go-ahead due later this week. Shareholders voted to demerge Arrow’s international assets into Dart Energy, a newly […]

Shell: No Change To Proposed A$3.44B Offer For Arrow Energy

THE WALL STREET JOURNAL MAY 4, 2010 SYDNEY (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) said Wednesday there has been no change to it and PetroChina Corp.’s (PTR) A$3.44 billion takeover offer for Arrow Energy Ltd. (AOE.AU). “There’s been no change to the proposed offer following FIRB (Foreign Investment Review Board) approval,” a Shell spokesman said. […]

Shell, PetroChina Bid for Arrow Energy Wins Approval

April 30 (Bloomberg) — Royal Dutch Shell Plc and PetroChina Co. received approval from Australia’s Foreign Investment Review Board to acquire gas producer Arrow Energy Ltd. in a A$3.5 billion ($3.3 billion) transaction.

ACCC Clears Shell, PetroChina Offer for Arrow Energy

By James Paton April 14 (Bloomberg) — The Australian Competition and Consumer Commission cleared Royal Dutch Shell Plc and PetroChina Co.’s A$3.5 billion ($3.3 billion) bid to acquire Arrow Energy Ltd. after a monthlong review of the proposed transaction. “Taking into account the significant competing gas suppliers and abundant gas reserves that would remain post- […]

Shell, PetroChina Still Await Approval for Arrow Deal

By Ben Sharples April 6 (Bloomberg) — Royal Dutch Shell Plc said the company’s joint A$3.5 billion ($3.2 billion) bid with PetroChina Co. to acquire Arrow Energy Ltd. is yet to be approved by the Australian government, denying a press report. “We continue to work through the government approval process,” Phil Connole, Melbourne-based spokesman for […]

Shell and China’s CNPC sign 30-year gas discovery deal

BBC NEWS Royal Dutch Shell has strengthened its ties in China with a 30-year deal to explore for natural gas in the country. The Anglo-Dutch energy giant will partner China National Petroleum Corporation (CNPC) in the project. The deal follow’s this week’s joint bid with PetroChina, owned by CNPC, for Australia’s Arrow Energy gas company. […]

Arrow to soon respond on Shell, PetroChina offer: source

REUTERS (Reuters) – Australia Arrow Energy Ltd (AOE.AX) has opened its books to Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK) for them to conduct due diligence for their joint takeover offer worth at least A$3.3 billion ($3.03 billion) sources said on Wednesday. One of the sources said Arrow is expected to make a response on […]

Shell may have to raise bid for Arrow Energy

A stream of analyst comments and silence on the offer from the Australian coal-seam gas group has fuelled expectations that Arrow will reject the bid and the two parties will have to come in with a higher – and hostile – offer. Last week, Shell and PetroChina offered A$4.45 in cash for each Arrow share, plus a share in a new, international Arrow entity.

So far so good as Shell is giving a shaking

March 16, 2010 David Wighton: Business Editor’s commentary He arrived with a bang and within weeks had axed 5,000 jobs. But eight months after taking over the helm at Royal Dutch Shell, is Peter Voser making progress turning around the supertanker? read more

Shell May Need to Increase Arrow Bid, Bernstein Says

March 9 (Bloomberg) — Royal Dutch Shell Plc and PetroChina may need to increase their bid for Arrow Energy Ltd. by as much as 18 percent to A$3.9 billion ($3.5 billion) based on similar transactions in Australia, Sanford C. Bernstein & Co. said.

Shell May Offer A$3.3 Billion for Arrow Energy Shell May Offer A$3.3 Billion for Arrow Energy, Review Says By Gavin Evans March 8 (Bloomberg) — Royal Dutch Shell Plc has offered about A$3.3 billion ($3 billion) for Arrow Energy Ltd. to take control of the company’s gas assets in Australia’s Queensland state, the Australian Financial Review reported, without saying where it got […]

Arrow Wins Approval for A$550 Million Queensland Gas Pipeline

Feb. 19 (Bloomberg) — Arrow Energy Ltd., Royal Dutch Shell Plc’s coal-seam gas partner in Australia, won government approval to build a pipeline to the proposed Fisherman’s Landing liquefied natural gas plant in the state of Queensland.

Shell’s 30 per cent stake in restless Arrow Enegy

It is one thing to own the right to mine the gas, but it is a different issue to actually get it to the market and, as far as Arrow’s gas, it would seem Shell is in the ideal position to dictate terms, given it is the logical party to commercialise the project.

Shell Partner Arrow Targets 10-Fold Gain in Gas Output by 2015

Sept. 24 (Bloomberg) — Arrow Energy Ltd., Royal Dutch Shell Plc’s Australian coal-seam gas partner, will start drilling in Indonesia and may expand in Europe and Southern Africa as it pursues a 10-fold jump in production by 2015.

Arrow Energy Finalizes Sale Of 12% Of Tipton West To Shell

THE WALL STREET JOURNAL AUGUST 18, 2009, 9:43 P.M. ET MELBOURNE (Dow Jones)–Arrow Energy Ltd. (AOE.AU) said Wednesday that the company has completed the sale of a 12% stake in the Tipton West Joint Venture to a unit of Royal Dutch Shell PLC (RDSA), subject to approvals. Shell paid Brisbane-based Arrow A$49.5 million, half of […]

Arrow Energy Shares Rise After Report of Shell Bid

Aug. 17 (Bloomberg) — Arrow Energy Ltd., Royal Dutch Shell Plc’s Australian partner in coal-seam gas production, rose in Sydney after the Sunday Telegraph reported that Shell made a A$3 billion ($2.5 billion) offer for the company.

Shell Offered $2.5 Billion for Arrow Energy, Telegraph Reports

BLOOMBERG By Claudia Carpenter Aug. 16 (Bloomberg) — Royal Dutch Shell Plc made an A$3 billion ($2.5 billion) bid for Arrow Energy Ltd., and the talks ended “in stalemate,” the Sunday Telegraph reported, without saying where it got the information. Shell may return with a “revised approach,” according to the newspaper. Shell spokeswoman Catherine Aitkin […]

Arrow Energy Has Talks On Possible Takeover

Arrow and Shell have both said previously that they’ve held talks about Arrow selling more gas to Shell. It would hardly be surprising if a potential takeover transaction came up in conversation.

FT Royal Dutch Shell related articles published 13 August 2009

Shell joins carbon capture plant race By Fiona Harvey, Environment Correspondent Published: August 13 2009 03:00 | Last updated: August 13 2009 03:00 Royal Dutch Shell will today enter the government-sponsored race to build a carbon capture and storage plant in the UK – becoming the only major oil company to do so. It will […]

Shell Pressing On With Gladstone LNG, Open To Consolidation

SYDNEY (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) says it’s open to consolidation with rival liquefied natural gas projects in Queensland state but is pressing ahead with plans for a terminal on its own.

Arrow to Buy Beach Gas Asset for Up to A$400 Million

April 3 (Bloomberg) — Arrow Energy Ltd., the Australian coal-seam gas producer, agreed to buy Beach Petroleum Ltd.’s stake in a gas venture for as much as A$400 million ($287 million) after failing in a bid for Pure Energy Resources Ltd.