Shell

APPEA 2021 Perth

Doubts grow over WA onshore gas export ban

Plentiful and cheap gas to WA may be undermined by pressure from North West Shelf LNG participants and Perth Basin producers for the McGowan Government to weaken its ban on the export of onshore gas.

Energy Transition

Shell, Exxon and Chevron slammed on climate by court and investors: what it means for Australia

Shell, Exxon and Chevron are big players in Australian oil and gas and being forced to decarbonise sooner will affect their local operations, with a possible king hit to Prelude.

Carbon Emissions

Eye in the sky spies Shell's Prelude floating flare machine

Shell's production of millions of tonnes of carbon emissions by burning excess gas at Prelude LNG 400km off the WA coast will no longer go unnoticed, with satellites now tracking flaring across the globe.

PRRT

Shell predicts free gas forever for Gorgon and Prelude LNG

Shell's accountants predict the Dutch giant will never pay Australia for gas consumed at the Gorgon and Prelude LNG projects that it can sell for up to about $4 billion a year.

Safety

Leak sets back Shell’s restart of Prelude LNG

Shell's Prelude floating LNG has stumbled on the road back to production after a failed seal caused subsea wells to be shut-in days after they were opened.

Shell

Shells moves to restart Prelude after safety near miss

The wells are open and safety inspectors arriving as Shell looks to recommence LNG production from its problematic Prelude floating LNG vessel off the WA coast.

LNG

Inpex slashes value of Prelude LNG by a third

Inpex thinks the value of Prelude floating LNG has dropped 37% this year, joining the queue of companies seeing much less value in Australia's LNG future.

Carbon Emissions

Shell goes carbon farming in Australia

Major Australian LNG producer Shell has acquired a local carbon farming venture as part of its 30-year march to net-zero emissions.

Shell

Shell slashes value of Prelude floating LNG

Shell has followed BP in thinking its oil and gas assets are now worth much less in a post-COVID more climate-aware world and Prelude LNG is a big contributor to the value destruction.

Shell

No winners from Shell’s $US17B Prelude floating LNG

Shell's giant $US17B Prelude floating LNG is late, expensive, dirty and so far unreliable. An exclusive look at how a failed investment for Shell is a terrible deal for Australia.

Carbon Emissions

Shell’s 2050 zero carbon net has a hole: a very large loophole

Shell has excluded a vast amount of the oil and gas it sells from its new aim to have net-zero emissions from the manufacture of its products by 2050.

COVID-19

Shell tells Prelude LNG workers to isolate in their own time

To reduce the risk of a COVID-19 outbreak offshore Shell has told its Prelude LNG workforce to spend half their leave in quarantine

Carbon Emissions

Shell's Prelude LNG to keep flaring gas during shutdown

Shell's Prelude floating LNG will keep burning excess gas during a production shutdown of many months, adding to its already high initial carbon footprint.

Shell

Shell shutters Prelude LNG and delays Crux expansion

Shell has shuttered production from its giant Prelude floating LNG facility and delayed the Crux backfill gas project.

Carbon Emissions

Shell's Prelude LNG is a carbon disaster

Shell's Prelude floating LNG, already besieged with safety and reliability issues, has produced 2.3 million tonnes of greenhouse gases for one cargo of LNG.

Woodside Petroleum

Bad news for Woodside's LNG growth plans from S&P and Shell

Delay to Woodside's big growth bet on the "Burrup Hub" Scarborough and Browse LNG projects looks more likely with Woodside warned not to overspend as its partners trim their budgets.