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Posts Tagged ‘LNG’

Russia invites Shell back to Sakhalin as finances plummet

In a surprise move, Russian prime minister Vladimir Putin invited Royal Dutch Shell to help develop two new oil and gas fields on Sakhalin Island, just three years after the government forced the company to cede majority control in the Sakhalin 2 project to state-controlled group Gazprom.

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.

Shell says more global refining capacity than needed

Mon Jun 8, 2009 2:23am EDT By Jennifer Tan KUALA LUMPUR (Reuters) – Royal Dutch Shell (RDSa.L) CEO Jeroen van der Veer said on Monday that looking at current poor margins, the world has more oil refining capacity than needed. But van der Veer said he is seeing early signs that Western gasoline and diesel markets [...]

Carbon Plan Puts Unfair Burden on LNG, Woodside Says

Woodside, 34 percent held by Royal Dutch Shell Plc, operates and owns one-sixth of the North West Shelf Venture, Australia’s biggest LNG producer, and is building the A$12 billion ($9.7 billion) Pluto LNG project. It’s among companies proposing some 10 LNG developments in Australia and Papua New Guinea targeting a forecast gain in demand in north Asia for cleaner-burning fuel.

Mitsui in talks with Gazprom to expand tie-up

Mitsui, fellow Japanese trading firm Mitsubishi Corp and Royal Dutch Shell are Gazprom’s partners at the Sakhalin-2 project, which recently shipped Russia’s first liquefied natural gas to Japan.

China secures 1st spot LNG cargo from Russia-sources

Shell Chief Executive Jeroen van der Veer said at least four LNG shipments had sailed from Sakhalin to various destinations since late last month.

Shell, Gazprom sign LNG, pipeline supply agreements

Miller and Shell chief executive Jeroen Van der Veer also discussed further collaboration in LNG projects in Russia when they met Wednesday to sign the agreements, the statement said.

Gazprom to sell LNG in the U.S. this year

NEW YORK (MarketWatch) — Gazprom on Wednesday said it gained its first major entry into the U.S. natural gas market through a pact with Royal Dutch Shell as the energy giant moves to expand its reach into the country’s vast storage and transport infrastructure.

Shell takes first LNG delivery from Sakhalin-2

The first cargo of liquefied natural gas from Sakhalin-2 is expected to be delivered to Tokyo on Wednesday. It will be a bittersweet moment for Shell, which was forced to cut its 55 per cent shareholding down to 27.5 per cent to allow Gazprom, the state-controlled Russian gas company, to take a 50 per cent stake

Russia ships first Sakhalin LNG to Japan

MOSCOW, March 29 (Reuters) – Russia sent its first cargo of liquefied natural gas (LNG) to Japan on Sunday from a Pacific island project that will allow the Kremlin to extend its reach in world energy markets from Europe into Asia and North America

Australia is the land of promise for BP and Shell

BP edged down 4p to 471¾p and Shell fell 30p to £15.33 amid talk that both were eyeing a $7 billion (£4.8 billion) bid for Santos, Australia’s third-largest energy company.

Shell May Use Floating LNG Technology in Egyptian Gas Area

March 24 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, may produce liquefied natural gas from an area in Egypt using a floating vessel, a government official said.

Qatargas, Shell sign supply research deal

Andy Brown said: “Qatargas is set to become the world’s premier LNG producer, and Shell is a pioneer in LNG spanning five decades.

Qatar Will Complete LNG Projects by End of 2010, Oil Daily Says

Shareholders in the projects include Qatar Petroleum, ExxonMobil Corp., Total SA, Royal Dutch Shell Plc and ConocoPhillips.

DALY: Russia eyes Asia as gas customer

In yet another example of Kremlin energy politics that so unsettle Western investors, in late 2006 Gazprom wrested control of the huge oil and gas field from Shell after it was accused of breaking environmental laws. Gazprom then became the majority owner.