Prelude News

Shell's Prelude FLNG Restarts LNG Shipments

Jan 11, 2021

Shell's Prelude LNG, the world's largest floating liquefied natural gas (FLNG) project, offshore Australia, has resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip.In a brief statement sent to Offshore Engineer…

Shell to Write Down O&G Asset Value by Up To $4.5B

Dec 21, 2020

Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.In an update ahead of its fourth-quarter results on February 4…

CEO Says Shell's Oil Production Peaked in 2019

Oct 29, 2020

Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and CEO Ben van Beurden said the group's oil output probably peaked in 2019 as he spearheads a transition to low-carbon energy.The Anglo-Dutch company hit record earnings from its vast retail division…

Prelude FLNG Won't Restart in 2020

Oct 16, 2020

Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude…

Shell Working to Turn Around Troubled Australian Operations

Sep 15, 2020

Undaunted by hefty writedowns on its Australian gas assets, Royal Dutch Shell sees its liquefied natural gas business and 'new energy' acquisitions Down Under as core to its long term plans, the Australian unit's chairman said on Tuesday.As…

Inpex Books $1.3B Writedown on Australian LNG assets, Omitting Ichthys

Aug 06, 2020

Japan's biggest oil and gas company, Inpex Corp, booked charges of 140 billion yen ($1.33 billion) on its liquefied natural gas (LNG) projects in Australia, it said on Thursday, due to a slump in prices caused by the coronavirus pandemic.The…

Shell's Crux Gas Field Development Proposal Accepted

Aug 04, 2020

Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…

Shell Takes $16.8B Impairment

Jul 30, 2020

Royal Dutch Shell avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.Shell had warned last…

Shell to Write Down $22B in Wake of Coronavirus

Jun 30, 2020

Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook.The impairments follow the Anglo-Dutch company's decision to shift…

Virus Lockdowns Pummel Global Gas Demand, Force LNG Output Cuts

May 07, 2020

Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output. Economies worldwide…

Shell's Carbon Emissions Drop in 2019 to Four-Year Low

Apr 09, 2020

Royal Dutch Shell's greenhouse gas emissions declined in 2019 to their lowest in four years, according to data provided by the energy company.At the same time, burning of unused natural gas in Shell's upstream oil and gas operations, a process known as flaring…

Australia: Shell Postpones Crux Project FID

Apr 07, 2020

Royal Dutch Shell said on Tuesday its Australian unit and joint venture partners had decided to delay a final investment decision (FID) on the Crux gas project in offshore Australia that was initially planned for 2020.The Crux project is one…

FPSOs: The New Business Model

Feb 29, 2020

As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…

Petronas' 2nd FLNG Sets Sail for Malaysian Offshore Field

Feb 18, 2020

Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia.The journey, which started from the Samsung Heavy Industries yard in Korea…

Prelude FLNG Shut Down

Feb 05, 2020

Royal Dutch Shell said on Tuesday it has temporarily suspended production at its Prelude floating liquefied natural gas (LNG) facility off northwest Australia following an electrical trip on Feb. 2.Work is underway to restore full operations…

Current News

Exxon Strikes Out at Hassa-1 Offshore Guyana

Exxon Strikes Out at Hassa-1 Offshore Guyana

Offshore Wind: Things are Getting Bigger

Offshore Wind: Things are Getting Bigger

Harren & Partner Adds Offshore Wind Vessel to Fleet. Launches SAL Renewables

Harren & Partner Adds Offshore Wind Vessel to Fleet. Launches SAL Renewables

Eidesvik Offshore Nets Long-Term Charter for Acergy Viking SOV

Eidesvik Offshore Nets Long-Term Charter for Acergy Viking SOV

Subscribe for OE Digital E‑News

Offshore Engineer Magazine