A subsidiary company holding a 10 per cent stake in the Shell-led Prelude LNG project recorded a $58.3 million impairment on its stake in the asset last year.
Oil and gas supermajor Shell will reduce occupied floor space at its Perth headquarters by 40 per cent over the next year, consolidating its tenancy at Shell House from 10 floors to six.
The 10 per cent owner of the Shell-operated Prelude floating LNG platform off Western Australia's coast has reported a $77 million profit from the operation.
The 10 per cent owner of the Shell-operated Prelude floating LNG project reported a post-tax loss of $US3.4 million ($5.2 million) in 2023, despite gross profit of almost $US76 million.
