Whether it is 400 or 600 staff that are destined for redundancy (depending on which rumour you believe) there is a clear pattern that Arrow (Shell’s investment vehicle in Queensland LNG) in a joint venture with PetroChina is looking to downgrade its expenditure in Queensland.


Elizabeth Knight: Business columnist: January 21, 2014
The new management broom at Shell’s head office is arguably going to have a bigger impact on Australia than the changing of the guard at even a large local company.
Shell’s new international boss is clearly rethinking the economics of the company’s Australian investments – which includes Woodside, the refinery operations in Geelong, but more immediately the $20 billion Queensland-based LNG and various West Australian LNG projects.
Development of LNG was what the government was betting on to replace a large portion of investment in iron ore and coal as a driver for economic growth. read more
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