News Articles for Shell

Woodside Petroleum has declared it wants to engage more with the local startup community and plans to invest in promising new technologies.

Kogas wrote down its 10 per cent stake in Prelude FLNG by $US361 million last year, as it reported a $US 304 million loss.

Qatar is moving to reclaim its place as the world's biggest LNG exporter, potentially jeopardising WA exports.

Shell could shed up to 9,000 jobs globally by 2022 in an effort to save the energy and petrochemical giant about $2 billion annually.

The shutdown of Shell's Prelude FLNG since February and planned phased shutdowns at Chevron's Gorgon could hit LNG exports by about $2 billion this year.

Oil and gas player Shell is purchasing a Perth-based environmental services firm to help cut back on emissions, as well as further the company's nature-based solutions business.

A Perth company that has developed a digital trading platform for the global LNG market has secured financial backing from Shell, Tattarang Group and Woodside Petroleum.

Chevron may have fired the starter's pistol on a major ownership reshuffle of the North West Shelf Venture, after it announced it would put its 16.7 per cent stake in the operation, which includes a 16.9 million tonnes per year LNG facility near Karratha, on the market.

Low oil prices and their effect on LNG is unwelcome news for project development and jobs in WA.

Perth-based Horizon Power is purchasing gas from Shell to use in some of its power systems across regional Australia under a two-year supply agreement.

Engineering company Worley has secured further work at a number of Chevron's Australian assets, as well as new contracts with Shell and an Indonesian oil and gas company for a new sulfuric acid plant.

SPECIAL REPORT: Decisions are expected on three major oil and gas projects worth $24 billion combined in 2020, with more to follow.

Nine WA-linked resources businesses are ranked among the country's top 20 corporate taxpayers, despite a widespread perception the industry does not pay its way.

The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.

A move to use lasers to perfectly load rail cars is worth about $300 million to BHP and is an example of how the area around the town of Newman is world class in applying technology to resources.

Woodside Petroleum is priming itself to begin design work on its $30 billion Browse LNG project by the end of the year, and has reiterated its intention for a final decision on construction during the first half of 2021.

Shell has announced forthcoming changes to its board with Zoe Yujnovich to be replaced by Tony Nunan as the new executive vice-president of Australia and country chair.

Australia's petroleum tax system will fail to raise much revenue, yet big producers won't be earning big profits either, according to oil industry consultant Juan Carlos Boue.

Shell is seeking to build its presence in the Australian power sector, launching a $617 million takeover bid for Australia's second-largest energy retailer that looks likely to be accepted.

Edith Cowan University's Rob Newton and Curtin University's Phil Bland were named joint winners of the scientist of the year award at last night's Premier's Science Awards.

SPECIAL REPORT: An alliance between two big unions will put pressure on oil and gas contractors at a time when many enterprise agreements reach their expiry and a big projects are set to get under way.

Australia exported 75.1 million tonnes of LNG in the 2019 financial year, 21.2 per cent higher than the previous fiscal year prior, and is expected to become the largest LNG producer in the world this financial year.

Kalium Lakes has awarded Shell Energy the gas supply contract, and APA Group the gas transport contract, for its Beyondie sulphate of potash project.

Shell has shipped the long-awaited first cargo of liquefied natural gas from its massive Prelude floating LNG plant off north-west Australia, sealing the nation's position as the world's top exporter of the fuel.

Chevron has started the second stage of its Gorgon drilling campaign, which will create 11 new wells at the $5 billion project on Western Australia's north-west coast.

Shell has sold its interest in the Greater Sunrise offshore fields to Timor Gap, the national oil company of Timor-Leste, for US$300 million ($420 million).

Recent policy disputes have shone a light on political and business influence in WA.

SPECIAL REPORT: Major new engineering contracts show momentum is building for $60 billion of oil and gas projects in WA, but the issue of carbon policy has once again created an obstacle.

Major changes to government policy after the federal election could risk future investment in backfill gas projects, some of which are already quite marginal, according to Shell Australia chair Zoe Yujnovich.

Engineering firms Wood and KBR have secured a multi-million dollar contract for the Crux gas project, confirming Shell's desire to accelerate development of the gas field located 160km off the Kimberley coast.

BP is planning to drill its first well in WA in decades next year as it hopes to develop a Carnarvon Basin portfolio.

Woodside Petroleum's Browse and Scarborough LNG developments are the biggest of $95 billion of major projects under way or likely in Western Australia, with 96 ongoing and a further 68 probable.

ANNIVERSARY SPECIAL: Foreign investment, free trade and a skilled workforce have helped WA tap its enormous oil and gas reserves, to the benefit of the entire country. This article is part of a special series to mark Business News' 25-year anniversary.

Woodside Petroleum has urged governments across Australia to back its ambitious growth projects, which include $30 billion on LNG projects along with development of industrial-scale hydrogen power.

ANNIVERSARY SPECIAL: The growth in household disposable income provides a graphic illustration of the effect of 25 years of technological change and investment in WA. This article is part of a special series to mark Business News' 25-year anniversary.

The federal government expects to raise $6 billion over the next decade from changes to the taxation of Australia's big oil and gas producers.

Perth Symphony Orchestra has welcomed Tianqi Lithium general manager Phil Thick as its new chair.

Gas is flowing at Woodside Petroleum's Greater Western Flank-2 project, an extension of the North West Shelf Venture, with the company saying costs came in 30 per cent under budget.

The government of East Timor has struck a deal to buy a 30 per cent stake in the Woodside Petroleum-operated Sunrise gas project, as it continues pressing for development of an LNG plant on its own territory.

Chevron's Clio and Acme gas fields could provide backfill supply for an existing LNG plant, most likely North West Shelf Venture's Karratha facility, under a plan to be unveiled by the company's Australian managing director Nigel Hearne this afternoon.