Royal Dutch Shell announced Monday it has agreed to charter a fleet of fourteen new LNG-powered crude oil and product tankers as part of its drive to decarbonize shipping. Shell Tankers (Singapore) Private agreed to the long-term charter deal from Sinokor Petrochemical, which expects to take delivery of the newbuilds from Samsung Heavy Industries in 2021. The ships will … [Read more...]
Shell Not Taking British-Flagged Tankers Through Hormuz
LONDON, Aug 1 (Reuters) - Royal Dutch Shell is not taking any British-flagged tankers through the Strait of Hormuz amid heightened tensions with Iran in the vital chokepoint for oil shipments. "There are Shell-managed vessels in the Strait of Hormuz and that will probably continue to be the case. Currently, though, there are no UK-flagged vessels," Chief Executive Ben van … [Read more...]
Australia Reaches for LNG Crown as $200 Billion Boom Ends
By Stephen Stapczynski (Bloomberg) --Australia started the last in a $200 billion wave of natural gas mega-projects, setting it on course to become world’s top exporter of the fuel. Royal Dutch Shell Plc said Tuesday its Prelude floating liquefied natural gas terminal offshore northern Australia shipped its first cargo. It’s the eighth Australian plant to start since 2012 by … [Read more...]
Prelude FLNG Ships First Gas
The long-awaited first shipment of liquefied natural gas has sailed from Shell's massive Prelude FLNG facility that is now permanently moored off the coast of Western Australia. Shell announced Tuesday that the first shipment of LNG departed Prelude aboard the LNG carrier Valencia Knutsen destined for customers in Asia. The Prelude FLNG facility is operated by Shell in … [Read more...]
Shell Plans South Africa Oil Expansion With Second Deal
By Paul Burkhardt (Bloomberg) -- Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects. Shell has applied to take a stake in a license owned by OK Energy, located in deep waters off South Africa’s west coast, … [Read more...]