Prelude News

LNG Traders Absorb Huge Losses After Supply Outages

Aug 10, 2022

Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season.Unplanned disruptions at LNG plants in the United States…

Shell to Stop Paying Prelude LNG Workers from Monday as Industrial Action Extended

Jul 20, 2022

Shell Plc on Wednesday told workers at its Prelude floating liquefied natural gas (FLNG) facility it would stop paying them as of Monday after they extended industrial action for two more weeks over a long-running wage dispute.Shell last week began shutting down the 3…

Australia: Shell Ships LNG from Prelude FLNG Despite Staff Stoppages

Jul 08, 2022

Shell said on Friday it had loaded and shipped a cargo of liquefied natural gas (LNG) this week at its Prelude floating LNG facilityafter workers scaled-down industrial action at the site off northwestern Australia.The oil and gas giant slowed output at the 3…

Shell Smashes Record Again with $11.5 Billion Profit

Jul 28, 2022

Shell on Thursday reported a second quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading.The company also announced a share buyback program of $6 billion for the current quarter…

Workers on Shell's Prelude FLNG to Start 12-day Strike on Friday

Jun 09, 2022

Workers on Shell Plc's Prelude floating liquefied natural gas (FLNG) facility off Western Australia are set to begin 12 days of industrial action on Friday over a pay fight, a union alliance said on Thursday.Shell did not comment on what impact…

Shell Sanctions $2.5B Crux Gas Field Development Offshore Australia

May 30, 2022

Shell said on Monday it had given the go-ahead to develop the Crux gas field offshore Australia, which analysts estimated would cost around $2.5 billion.Construction is expected to start in 2023 with first gas expected in 2027, which will feed the 3…

ABB, Wison Offshore & Marine Sign FLNG Pact

Jun 09, 2022

ABB and Wison Offshore & Marine (WOM) have recently signed a memorandum of understanding to collaborate on floating liquefied natural gas (FLNG) projects.'FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea…

Shell Restarts LNG Shipping from Prelude FLNG

Apr 11, 2022

Shell Plc said on Monday it has resumed shipping liquefied natural gas (LNG) from its Prelude floating LNG facility off northwest Australia after a four-month shutdown due to a major power failure.A cargo completed loading and left the site on Sunday night…

Shell Gets Approval to Restart Production from Prelude FLNG

Mar 21, 2022

Australia's offshore petroleum watchdog has cleared the way for Shell to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia after a power outage forced a shutdown in December.Shell has given no timeframe for when production will resume at the 3…

Prelude FLNG to Stay Shut in 1Q 2022

Feb 04, 2022

Oil major Shell expects its Prelude FLNG unit in Australia, the world's largest unit of the type, will remain shut for most of the first quarter of 2022.The world's largest FLNG facility had in January 2021 resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip…

Regulator Orders Shell to Keep Prelude FLNG Output Shut Until it Can Prove It Is Safe

Dec 24, 2021

Australian oil and gas industry safety regulator NOPSEMA has ordered Shell to keep the giant Prelude FLNG facility off W. Australia shut until it can convince the regulator that it can keep the facility properly powered and that the safety systems are operational…

Shell Greenlights $7B Shares Buyback 'At Pace' Despite LNG Woes

Jan 07, 2022

Royal Dutch Shell said it will pursue 'at pace' a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron.Shares in Shell…

Australian LNG Hit by Shell, Chevron Outages at Prelude, Gorgon

Dec 03, 2021

Royal Dutch Shell Plc shut production at its Prelude floating liquefied natural gas (LNG) site and Chevron Corp shut one of three processing units at its Gorgon LNG plant, both off northwestern Australia, the companies said on Friday.The Gorgon…

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…

Two LNG Tankers Bound for Australia's Prelude Facility Divert

Jan 19, 2021

Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after…

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