Check out this video from Shell on the construction of the Prelude FLNG, the world’s first FLNG facility and the largest floating structure ever to be constructed.
Shell plans to moor the Prelude FLNG some 200 kilometers off the Australian Coast at the Prelude gas field for 25 years, where it is expected to produce the equivalent of 110,000 BOE per day.
Qatar appears to have loaded its first liquefied natural gas cargo after the widening conflict in the Middle East forced it to halt fuel production and declare an unprecedented force majeure to buyers.
Trump's strikes on Iran threaten the Strait of Hormuz, a critical chokepoint for 20% of global oil supply. Traffic has dropped sharply as Iran's 3.3M barrel daily production and regional exports face disruption.
The U.S. Navy declared a maritime warning zone across the Persian Gulf after strikes on Iran prompted retaliation, with oil majors suspending shipments through the Strait of Hormuz as the conflict threatens 21 million barrels of daily oil flow.
February 28, 2026
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