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March, 2016:

Australian Energy Giant Woodside Delays Large Offshore L.N.G. Project

Mar 24th, 2016
by John Donovan.
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By STANLEY REED: A version of this article appears in print on March 24, 2016, on page B2 of the New York edition

Woodside Petroleum and its partners, including the energy giants Royal Dutch Shell and BP, have decided to delay indefinitely the development of a huge liquefied natural gas project off Western Australia, the company said on Wednesday.

The decision to postpone the project, called Browse, comes as L.N.G. prices in Asia have fallen by around two-thirds since 2014. The slump is attributed to a supply glut set off largely by a building boom and by lower-than-expected demand from major customers like China. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Where does the cancellation of Browse and Masela leave Prelude?

Mar 23rd, 2016
by John Donovan.
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Screen Shot 2016-03-23 at 12.53.14From a Regular Contributor

Cancellation of both the Browse and Masela FLNG developments on the same day suggests that the issues about which Bill Campbell has warned may finally have won the day. 

If so, this is a huge climbdown for Shell, with several billion dollars in probable write-offs. 

It’s perhaps not surprising, given the plethora of warnings from technical sources that there were serious risks involved. 

Could Prelude be next to be axed? Parking a multi-billion dollar vessel in cyclone alley for 20 years never seemed like the most appropriate use of the pension funds invested in Shell… read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

One Floating LNG Dream Sinks As Another Gets Ready To Float

Mar 23rd, 2016
by John Donovan.
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One Floating LNG Dream Sinks As Another Gets Ready To Float

Screen Shot 2016-03-15 at 10.34.57Unfortunately for Shell it formally committed to the Prelude development in May, 2011, a time when oil was selling for around $120 a barrel, three-times the current price of around $41/bbl.

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By Tim Treadgold: March 23, 2016

No-one blinked and share prices barely fluttered when a $40 billion plan by Australia’s Woodside Petroleum ngIf: ticker to develop a floating liquefied natural gas (LNG) project was torpedoed earlier today.

However, the knock-on consequences of sinking the Browse project will be felt most acutely at Europe’s biggest oil company, Royal Dutch Shell ngIf: ticker .

The immediate impact on Shell is that it has a 27% interest in the Woodside-led Browse LNG project, but it is also nearing completion of the world’s biggest floating LNG barge, the $12.6 billion Prelude project. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Woodside halts Australian LNG project

Mar 23rd, 2016
by John Donovan.
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By Daniel J. Graeber: March 23, 2016

PERTH, Australia, March 23 (UPI) — Australian energy company Woodside said it was putting a hold on the development of its Browse liquefied natural gas project because of market conditions.

Woodside said that, even with front-end engineering and design work completed, weak economic and market conditions meant it was necessary to put a hold on the $50 billion facility.

“We have undertaken a comprehensive and rigorous process to assess all elements of the development,” Woodside CEO Peter Coleman said in a statement. “The decision represents a disciplined approach to large-scale capital investment and is consistent with our requirements for a development concept to be commercially robust across a range of scenarios.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Wood Group extends deal with Shell’s Scots gas sites

Mar 23rd, 2016
by John Donovan.
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Screen Shot 2016-03-15 at 10.34.57GARETH MACKIE: Wednesday 23 March 2016

Oil and gas services giant Wood Group has secured a new three-year contract covering three Shell sites north of the Border.

The deal, which has the option to be extended for a further four years, will see Wood Group Industrial Services (WGIS) provide maintenance and site support at the St Fergus and Mossmorran gas processing plants in Aberdeenshire and Fife, as well as Braefoot Bay marine terminal near Aberdour.

Aberdeen-based Wood said the contract builds on its 20-year history supporting Shell on the assets. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Woodside Petroleum drops $40 billion Browse floating LNG project

Mar 23rd, 2016
by John Donovan.
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Screen Shot 2016-03-15 at 10.34.57Shell, Woodside’s biggest partner in the project, had also spoken cautiously on its prospects…

Angela Macdonald-Smith: Energy Reporter: 23 March 2016

Woodside Petroleum chief executive Peter Coleman is turning a keener eye to potential acquisitions after a decision by the Browse joint venture to ditch a $40 billion-plus floating LNG project freed up the company to chase “attractive” assets.

The indefinite deferral of the Browse project off the north-west coast was forced by the collapse in oil prices, which created an “extremely challenging external environment” for the huge project despite work done to reduce costs, Woodside said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell offshore team loses Styrofoam pipe floats at sea

Mar 23rd, 2016
by John Donovan.
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Screen Shot 2016-03-15 at 10.34.57By Brett Ruskin, CBC News Posted: Mar 22, 2016

Eight large sections of Styrofoam are adrift at sea — and there’s no plan to recover them.

The abandoned floats broke loose from a pipe used for drilling operations, following an incident earlier this month that has suspended Shell Canada’s search for oil off Nova Scotia’s coast.

“Until such time as the board is satisfied that operations can proceed safely, drilling will remain suspended,” said Kathleen Funke, spokesperson for the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB).

On March 5, weather conditions deteriorated near Shell Canada’s newest exploratory well — named Cheshire — approximately 225 kilometres off the coast. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

BG demands government raise price of gas to $7 per million BTUs

Mar 23rd, 2016
by John Donovan.
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Mohamed Adel: 22 March 2016

Screen Shot 2016-03-15 at 10.34.57BG, a subsidiary of Royal Dutch Shell, is negotiating with Egyptian General Petroleum Corporation (EGPC) to price gas at $7 per million BTUs in the 9B concession area in Egyptian Mediterranean waters. EGPC has offered $ 5.88 per million BTUs.

A source close to the negotiation process told Daily News Egypt that the BG, with a representative from Royal Dutch Shell, leads the negotiations regarding pricing of gas produced from 9B and agreed on the price of $5.88 per million BTUs with a condition of paying $ 1bn in dues to BG. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Indonesia decides against Inpex floating LNG project, wants to stay onshore

Mar 23rd, 2016
by John Donovan.
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Screen Shot 2016-03-15 at 10.34.57* President says onshore plan to bring more economic benefits

* Unclear if Inpex, Shell will be involved in new plan

* Onshore facility to be built in eastern province of Maluku 

By Agustinus Beo Da Costa and Fergus Jensen

JAKARTA, March 23 Indonesia’s president on Wednesday rejected Inpex Corp and Royal Dutch Shell’s proposal to build the world’s largest floating liquefied natural gas plant in the country’s east, saying an onshore plant would benefit its economy more.

The announcement is a blow to the two energy firms, as well as to Indonesia’s energy regulator (SKKMigas), which warned last week that rejecting the $15 billion plan to process gas from the Masela field offshore would lead to delays and job cuts. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Gas Project in Indonesia Risks Running Out of Steam

Mar 23rd, 2016
by John Donovan.
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President Joko Widodo’s decision for an onshore scheme is estimated to add more than $5 billion to the project’s cost

By BEN OTTO: March 23, 2016 

JAKARTA, Indonesia—Inpex Corp. and Royal Dutch Shell PLC. suffered a blow Wednesday in their $14 billion bid to exploit a deep-water gas field in Indonesia, after President Joko Widodo declared the scheme must make use of an onshore refinery rather than a proposed floating facility.

Inpex, the project’s planned operator, and partner Shell proposed six months ago to build a massive floating facility to exploit a major gas field in the country’s remote east known as Masela. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Scientists Warn of Perilous Climate Shift Within Decades, Not Centuries

Mar 23rd, 2016
by John Donovan.
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By JUSTIN GILLIS: A version of this article appears in print on March 23, 2016, on page A11 of the New York edition

The nations of the world agreed years ago to try to limit global warming to a level they hoped would prove somewhat tolerable. But leading climate scientists warned on Tuesday that permitting a warming of that magnitude would actually be quite dangerous.

The likely consequences would include killer storms stronger than any in modern times, the disintegration of large parts of the polar ice sheets and a rise of the sea sufficient to begin drowning the world’s coastal cities before the end of this century, the scientists declared.

“We’re in danger of handing young people a situation that’s out of their control,” said James E. Hansen, the retired NASA climate scientist who led the new research. The findings were released Tuesday morning by a European science journal, Atmospheric Chemistry and Physics.

A draft version of the paper was released last year, and it provoked a roiling debate among climate scientists. The main conclusions have not changed, and that debate seems likely to be replayed in the coming weeks. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

CNOOC and Shell take final investment decision to expand petrochemical complex in China

Mar 22nd, 2016
by John Donovan.
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TUESDAY, MARCH 22, 2016

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, Guangdong Province, China. This decision follows the announcement of a Heads of Agreement in December 2015 between the two partners. Subject to regulatory approvals, CNOOC and Shell have agreed that CSPC should take over CNOOC’s ongoing project to build additional chemical facilities next to CSPC’s petrochemical complex. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Brunei bans Christmas: Sultan warns those celebrating could face up to five years in jail

Mar 21st, 2016
by John Donovan.
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Screen Shot 2016-03-21 at 12.16.22The punishment for celebrating Christmas is a fine of $20,000, up to five years in prison or both

Anyone found illegally celebrating Christmas in Brunei could face up to five years in prison, according to a reported declaration by the Sultan of the tiny oil-rich state.

Brunei introduced its ban on Christmas last year over fears that celebrating it “excessively and openly” could lead its Muslim population astray.

Christians and others can celebrate Christmas, but must do so in private and have to first alert the authorities.

Local Islamic religious leaders have promoted the ban, warning that adopting the trappings of Christmas is tantamount to imitation of another faith, prohibited in some interpretations of Islam. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Brunei Airlines’ first all-female pilot crew lands plane in Saudi Arabia – where women are not allowed to drive

Mar 21st, 2016
by John Donovan.
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The first ever all-female flight deck crew for Royal Brunei Airlines has operated a plane from Brunei to Jeddah in Saudi Arabia.

Although it was a milestone for the airline, the pilot crew touched down in a country where women are still not allowed to drive a car.

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Largest U.S. refinery now belongs to Saudi Arabia

Mar 20th, 2016
by John Donovan.
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Reuters reported that the relationship started to fray after Motiva announced a $10 billion expansion of the Port Arthur refinery, doubling its capacity to 603,000 barrels per day, making it America’s largest refinery. It produced gasoline, diesel and jet fuel. A leak shortly after the expansion was completed in 2012 led to ballooning costs, exacerbating tension between Shell and Aramco. A 2015 workers strike also sparked anger between the two companies.

The two companies signed a nonbinding letter of intent, a plan that would divide up Motiva’s refineries between them. The refineries have a combined capacity of 1.1 million barrels per day and are all located close to each other. The breakup will allow Saudi Aramco to take over the Port Arthur refinery and 26 distribution terminals, and Aramco will also hold onto the Motiva brand name. Shell will take over the other two refineries, Convent and Norco, both located in Louisiana. Shell said that it would operate the two refineries as one plant with a combined throughput of 500,000 barrels per day. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Iraq Exports First Natural Gas Shipment in Its History

Mar 20th, 2016
by John Donovan.
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By THE ASSOCIATED PRESS: MARCH 20, 2016

BAGHDAD — Iraq on Sunday exported the first shipment of natural gas in its history, a key development for the OPEC member struggling to feed a cash-strapped economy amid an expensive fight against the Islamic State group.

The move revives a long-sought ambition by Iraq to be a gas exporter, thanks to a joint venture with Anglo-Dutch Royal Dutch Shell PLC and Japan’s Mitsubishi Corp. Iraq first planned to begin exporting gas in the late 1970s, but that timeline was delayed by the Iraq-Iran war when Iraqi export ports were bombed. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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