July 8, 2011, 2:45 p.m. EDT By London Bureau LONDON (MarketWatch) — Anglo-Dutch oil giant Royal Dutch Shell PLC (RDSA.LN, RDSB.LN, RDSA, RDSB) plans to invest $30 billion in Australia over the next five years, Chief Executive Peter Voser said in an interview with Swiss newspaper Finanz und Wirtschaft to be published Saturday. The country [...]
Posts Tagged ‘Gorgon’
Chevron, Partners May Approve Gorgon LNG in August
The venture partners, which include Exxon Mobil Corp. and Royal Dutch Shell Plc, are working toward a final investment decision by the end of the year, Colin Beckett, Chevrons manager for the Greater Gorgon area, reiterated yesterday.
Green regulator backs Australian gas project plan
“Gorgon has the potential to supply natural gas for the next 40 years,” Mr Beckett said. Chevron’s partners in the Gorgon venture are ExxonMobil and Royal Dutch Shell, with each owning 25 per cent stakes.
Gorgon project wins conditional approval
Chevrons partners in the Gorgon venture are ExxonMobil and Royal Dutch Shell, with each owning 25 per cent stakes.
Australia gas decision nears
Chevron’s huge Gorgon liquefied natural gas project off the coast of western Australia is set to be given the go-ahead in the coming months, establishing the project as one of the world’s biggest energy ventures. Chevron will operate Gorgon and has a 50 per cent stake in the venture, with 25 per cent held by ExxonMobil and Royal Dutch Shell.
The dawn of a disturbing new reality
Royal Dutch Shell has dropped its proposed investment in plans to build the world’s biggest offshore wind farm, the London Array, to concentrate on less risky US onshore wind power.
Chevron Says Australian Carbon-Trading Plan Is a Threat to LNG
The Australian government proposes to start a carbon trading system on July 1, 2010, to tackle emissions blamed for global warming. Woodside Petroleum Ltd. and Royal Dutch Shell Plc are among other LNG producers in Australia who say a proposed draft of the plan, which excludes LNG companies from free emissions allowances, would threaten new projects.
Chevron to Maintain Asian Spending, Unfazed by Crisis
Chevron’s proposed Gorgon LNG project has already been delayed several years. It was first put on hold in 1998 when the Asian economic crisis hit. More recently, the venture, which includes Royal Dutch Shell Plc and Exxon Mobil Corp., scrapped a timeline for approving and building the plant as they seek to tackle a surge in construction costs.
Chevron Australia declares Gorgon project’s time is now
He said that the Greater Gorgon project, in which Chevron is partnered with Royal Dutch Shell and Exxon Mobil, will generate over $A33 billion worth of goods and services to Australian suppliers, while it will generate tax revenue of about $A39.8 billion (at 2008 prices).
Gorgon gets the cash flowing
CHEVRON, ExxonMobil and Royal Dutch Shell have agreed to pump more than $1 billion into the Gorgon liquefied natural gas project over the next 12 months in hopes of making a final investment decision on the long-delayed development.
Shell: time to deliver
GOOD things come to those who wait. No pain, no gain. Every cloud has a silver lining. For investors in Royal Dutch Shell in need of a pep talk, these might be clichés worth repeating.
There is a chance however remote that growth might come inorganically, says ABN Amro, describing a merger with BP or Total as “possible and desirable”
Gorgon’s Delays May Force Tokyo Gas, Chubu to Pay More for LNG
The development, which has no scheduled start date, has been dogged by regulatory obstacles, spiraling costs, and delays by partners Royal Dutch Shell Plc and Exxon Mobil Corp.


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