Shell Plc  .website Rotating Header Image

Posts under ‘LNG’

Dispute stops cargoes at Shell’s huge floating LNG plant

FINANCIAL REVIEW

Dispute stops cargoes at Shell’s huge floating LNG plant

Angela Macdonald-Smith: Senior resources writer
Updated Jun 28, 2022 – 10.36pm, first published at 9.22pm

Shell’s monster floating LNG project off the north-west coast has cancelled cargoes until at least mid-July amid an escalating industrial dispute, tightening the supply of gas in the already-stretched global market.

Trade unions represented through the Offshore Alliance say Shell has threatened union negotiators with its intention to shut down the facility amid the deteriorating situation.

Australian Workers’ Union national secretary Daniel Walton described the threat as “insane” given the national gas crisis, and said the energy major was trying to bully the nation into agreeing to its “hardline” demands.

However the energy multinational insists it is union bans that are behind the likely shutdown, restricting its ability to operate the complex facility and offload cargoes. Prelude supplies LNG to the export market, not to Australian energy users.

A Shell spokeswoman said the group has notified customers that it is cancelling cargoes until at least the middle of next month due to the impact of the industrial action.

The dispute centres around a new collective agreement under negotiation between Shell and the unions, for workers that industry sources say are paid an average of $250,000-$280,000, and in some cases more through bonuses, allowances and overtime. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s Prelude gas ship hit by safety, crewing and industrial problems

WAtoday

Shell’s Prelude gas ship hit by safety, crewing and industrial problems

By Peter Milne:

Shell is running its $23 billion Prelude floating LNG plant with critical positions filled by crew who are not fully qualified, and more than 200 safety alarms out of action, ahead of industrial action due to start on Friday.

Gas exports recommenced from the world’s largest floating vessel just two months ago after it was shut down for four months following a complete power failure in December that the offshore safety regulator said could have led to a “catastrophic failure”. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Prelude potentially facing another shut down 

energynewsbulletin.net

Prelude potentially facing another shut down 

Helen Clark: Editor: 9 June 2022

SHELL could be close to losing large sums of money from a protected industrial action onboard its Prelude floating LNG vessel from 7am tomorrow when all non-essential staff down tools and refuse to load cargoes. 

Australia’s Fair Work Commission has approved the action as unions hammer out a new enterprise bargaining agreement with Shell. The protected industrial action runs until June 21.

The 3.6 million tonne vessel sold four cargoes through May and has varied contracts including with Korea’s Kogas. Other cargoes go into Shell’s wider LNG portfolio. This comes as the global gas market tightens amid far higher demand for LNG from Europe as it tries to swiftly pivot from Russian pipe gas. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Serious fire dangers at Prelude FLNG

energynewsbulletin.net

Serious fire dangers at Prelude FLNG

THE union representing offshore oil and gas workers at Shell Australia’s Prelude FLNG facility have outlined serious safety concerns to the safety regulator, warning employees’ lives are at stake because fire suppression systems are not working.

The Offshore Alliance – part of the Australian Workers Union and Maritime Union of Australia – lodged the complaint yesterday which revealed that over 200 smoke detectors on the facility were not relaying to the control room and workers would not be aware of an explosion or fire at the giant floating gas project. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell to develop Crux project in Western Australia

Shell to develop Crux project in Western Australia

May 30, 2022

Shell Australia Pty Ltd (Shell Australia) and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to the existing Prelude floating liquefied natural gas (FLNG) facility.

“This project forms an important part of Shell’s integrated gas portfolio,” said Wael Sawan, Integrated Gas, Renewables and Energy Solutions Director at Shell. “Natural gas from Crux will play a key role in helping Asian customers move from coal to gas as a cleaner-burning fuel. The project will help us to meet the increasing demand for LNG as the energy market transitions to a lower carbon future.

“The project will also boost our customers’ security of supply, which is becoming an ever more significant consideration for global consumers.”

“Developing the Crux project reinforces our commitment to Australia, including boosting the regional economy, creating jobs and providing training opportunities,” said Shell Australia Chair Tony Nunan. “The use of Prelude’s existing infrastructure enables significantly reduced development costs, making Crux competitive and commercially attractive.”

The Crux field is in Commonwealth marine waters in the northern Browse Basin, 620 kilometres north-east of Broome. The development will consist of a platform operated remotely from Prelude,. Five wells will be drilled initially, and an export pipeline will connect the platform to Prelude, which is around 160 kilometres to the south-west of Crux. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Exclusive-Shell in talks with Indian consortium to sell Russian LNG plant stake -sources

Reuters

Exclusive-Shell in talks with Indian consortium to sell Russian LNG plant stake -sources

LONDON (Reuters) -Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India’s willingness to step into the space left by Western companies following Moscow’s invasion of Ukraine.

The world’s third-largest oil importer and consumer has already stepped up purchases of Russian supplies since the conflict began in February, taking advantage of big discounts at a time when global oil prices have surged.

The sources said Shell has recently entered into talks with a group of Indian companies, including ONGC Videsh and Gail, over its 27.5% stake in the Sakhalin-2 LNG plant on Russia’s eastern flank.

Shell declined to comment. ONGC, Gail and other state-run Indian companies did not respond to Reuters’ request for comment.

The talks follow the British company’s plans to exit all its Russian operations, amid an exodus of Western companies from the country in response to sanctions over the Ukraine conflict. India has not explicitly condemned Moscow’s actions there.

India has snapped up cheap Russian oil, taking its share of Russian oil exports to around 10% from zero since the start of this year, according to the International Energy Agency. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Third Point’s Loeb praises Shell moves, sticks by calls for breakup

Reuters

Third Point’s Loeb praises Shell moves, sticks by calls for breakup

By 

NEW YORK, May 7 (Reuters) – Activist investor Daniel Loeb, who wants Royal Dutch Shell Plc to break apart, applauded the energy giant’s decision to move its headquarters even as he sticks to views that a different corporate structure would make it more successful.

Loeb, who said in October that his hedge fund Third Point LLC had taken a $750 million stake in the company, told his own investors on Friday that he has added to his Shell stake and has held discussions with management, board members and other shareholders. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Fossil fuel companies like Shell and BP are raking in massive profits, and this could be just the beginning

FORTUNE

Fossil fuel companies like Shell and BP are raking in massive profits, and this could be just the beginning

BY TRISTAN BOVE: May 5, 2022 8:33 PM GMT+1

Oil prices have been soaring this year, as Western sanctions hit the Russian economy hard, disrupting the global oil supply from one of the world’s largest producers. But while high gasoline prices at the pump make life difficult for consumers, fossil fuel companies are making a killing.Since the Russian invasion of Ukraine over two months ago, Brent crude, an international benchmark for oil pricing, has surged past $100 a barrel, the highest oil has sold for since 2012. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

High energy prices leave oil giants untroubled by Russia exit or tax hints

The Guardian

High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

Rob Davies @ByRobDavies: Sun 1 May 2022

“May you live in interesting times,” runs the saying, supposedly an English translation of an ancient Chinese curse.

For BP and Shell, the British companies that account for two of the world’s seven oil “supermajors”, the first quarter of 2022 has been painfully fascinating. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil giant Shell feels heat over giant $21 billion Prelude floating LNG plant

abc.net.au

Oil giant Shell feels heat over giant $21 billion Prelude floating LNG plant

By energy reporter Daniel Mercer

Key points:

  • The Prelude project has been beset by cost and time blowouts, as well as technical problems
  • A lobbyist and former engineer says safety issues are the biggest concern
  • There are claims Prelude may never pay royalties for the gas it processes off Australia’s north-west coast

When Dutch-Anglo oil giant Shell decided to build a massive floating gas factory known as Prelude in 2011, it was billed as the dawn of a new era for the industry.

Australia was midway through a once-in-a-lifetime $300 billion splurge that would make the country the world’s biggest producer of super-chilled, shipped gas.

Floating gas plants were supposed to be the logical evolution, vacuuming up gas wherever they went and making fortunes for shareholders and taxpayers. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell, one of the world’s largest oil and gas companies, has pledged to withdraw from Russian oil products, but…

The Telegraph

Ukraine urges Johnson to ensure ‘not a drop’ of Russian oil reaches the UK

Shell, one of the world’s largest oil and gas companies, has pledged to withdraw from Russian oil products, but…

Ukraine’s government has urged the UK to ensure “not a single drop of Russian oil enters the country”, as it pushed for a “total and immediate” boycott on Russian fossil fuels.

Oleg Ustenko, economic adviser to President Volodymyr Zelenskyy, said it was “no time for half measures”. It comes amid concerns Britain may adopt a definition of Russian oil that allows some Kremlin supplies into the country, even under the impending embargo. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine’s government has branded Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil.

Officials in Kyiv said Western companies were continuing to ‘bankroll Putin’s war machine’ despite promising to cut ties with the Kremlin. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell accused of using ‘accounting trick’ to keep buying Russian oil

The Telegraph

Shell accused of using ‘accounting trick’ to keep buying Russian oil

: Fri, April 22, 2022,

The Ukrainian government has accused Shell of using an “accounting trick” to allow the oil giant to keep buying Russian crude despite promising to cut ties with the Kremlin.

A letter sent by Kyiv to Shell boss Ben van Beurden said it was “deplorable” that companies are continuing to “bankroll Putin’s war machine” amid concerns Russian oil is still being bought through backdoor routes.

The FTSE 100 oil major committed to stop purchasing Russian crude in the spot market and said it is legally obliged to accept oil deliveries from contracts sealed before the invasion of Ukraine. However, it defines refined oil products, such as diesel, as not being of Russian origin if less than 50pc of the blend is from the country. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Notice of 2022 AGM and Shell’s Energy Transition Progress Report

Notice of 2022 AGM and Shell’s Energy Transition Progress Report

·

SHELL PLC

NOTICE OF 2022 ANNUAL GENERAL MEETING AND SHELL’S ENERGY TRANSITION PROGRESS REPORT

  • Shell plc’s 2022 Annual General Meeting (“AGM”) scheduled to be a hybrid meeting, facilitating both physical and virtual attendance

  • Board requests shareholder support for Company’s annual progress on its energy transition strategy

  • Shareholders encouraged to vote in advance of the AGM, but voting enabled during the meeting

Today, Shell plc (“Shell”) posted its Notice of 2022 Annual General Meeting (the “Notice”), which can be viewed and downloaded from www.shell.com/agm. The Notice states that the AGM is scheduled to be held at Central Hall Westminster, Storey’s Gate, Westminster, London, SW1H 9NH, United Kingdom at 10:00 (UK time) on Tuesday May 24, 2022.

Shell’s Board requests support for the Company’s annual progress on its energy transition strategy
Shell’s Energy Transition Progress Report has also been published today. The document is published simultaneously with the Notice and shall be deemed to be incorporated in, and form part of, the Notice. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell reports drop in emissions, urges vote against ‘unrealistic’ targets

Shell reports drop in emissions, urges vote against ‘unrealistic’ targets

Overall emissions fell from over 1.6 billion tonnes of carbon dioxide equivalent in 2016 to less than 1.4 billion tonnes last year, Shell said.

Shell said it has reduced its greenhouse gas emissions by 16% over the last five years and promised to lead society in its decarbonisation efforts.

The business also urged shareholders to vote against more ambitious climate proposals which it says set “unrealistic” targets. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell starts withdrawing staff from Russia as part of exit strategy

Bloomberg

Shell starts withdrawing staff from Russia as part of exit strategy

Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process

Apr 20, 2022

Shell has started to withdraw staff from its joint ventures with Russia’s Gazprom as it moves forward with plans to exit investments in response to the war in Ukraine.

Dozens of Shell employees on temporary assignment at the Sakhalin-2 liquefied natural gas export project in Russia were removed over the weekend to be relocated back to other offices, according to people with knowledge of the matter. Operations at the facility are unlikely to be affected by the move, the people said. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
%d bloggers like this: