Shell

One month after a community ceremony broke ground for site preparations, the formal construction permit has been given to an international group led by Shell Canada Ltd. for a liquefied natural gas (LNG) export terminal on the northern Pacific coast of British Columbia (BC).

The offshore rig markets, coming to terms with the worst downturn in more than a decade, still have a lot to digest as contracts continue to be cancelled and the oversupply of oil and gas continues.

Royal Dutch Shell plc has reduced its global capital spending by $2 billion to $33 billion in 2016 to deal with low commodity prices and prepare for the pending takeover of BG Group plc. It also slashed the value of the BG merger, first announced last April, by $17 billion.

Royal Dutch Shell plc has suspended indefinitely its exploration projects offshore Alaska, but it is continuing to fight for the right to drill prospects in the future.

A combined Royal Dutch Shell plc and BG Group plc would have about 2,800 fewer workers after global workforce reductions, Shell said Monday, as the planned combination received its final pre-conditional regulatory approval.

Royal Dutch Shell plc’s investors may pay the most attention to quarterly results, but even disappointments can’t distract management from long-term projects to enrich the natural gas and oil portfolio, according to CFO Simon Henry.

A unit of Royal Dutch Shell plc plans to begin construction early next year on a $717 million expansion at its Geismar campus in Ascension Parish, LA, which would make the site the largest alpha olefins (AO) producer in the world.

The Australian Competition and Consumer Commission (ACCC) has given unconditional clearance to the proposed merger of Royal Dutch Shell plc and BG Group plc. Three of the five pre-conditions of the merger have now been satisfied.

A deepwater Gulf of Mexico (GOM) discovery in the Mars-Ursa Basin is estimated to hold more than 100 million boe of recoverable resources, Royal Dutch Shell plc confirmed on Thursday.