Shell (LSE:RDSA)

Tanzania: Cabinet to Start Talks for $30B LNG Project

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

(Bloomberg) — Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said.

Global: Shell CEO’s Pay More Than Doubles in 2018

Posted on March 14, 2019March 14, 2019 by Mozambique Resources Post

Royal Dutch Shell CEO Ben van Beurden’s total pay, including pension, more than doubled in 2018 compared to 2017.

Africa Oil & Gas: Dutch prosecutors target Shell over Nigeria oil deal

Posted on March 1, 2019March 1, 2019 by Mozambique Resources Post

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3-billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.

Global Markets: “Global LNG supply to rise by 35 million tonnes in 2019” – Shell

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell’s latest annual LNG Outlook.

Africa Oil & Gas: Eni and Shell face new Nigeria action

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

The two firms have received harsh criticism from an Italian judge and now await UK court proceedings.

Africa Oil & Gas; Shell eyes exports jump from Idku LNG plant in Egypt

Posted on February 14, 2019February 14, 2019 by Mozambique Resources Post

The Hague-based LNG giant Shell is looking to up exports of liquefied natural gas from Egypt’s Idku facility as production ramps up from the West Delta field.

Africa Oil & Gas: Shell, Eni, Exxon win blocks in Egypt

Posted on February 12, 2019February 12, 2019 by Mozambique Resources Post

Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.

Global Markets: Shell leads cash race but Exxon catching up

Posted on February 11, 2019February 11, 2019 by Mozambique Resources Post

Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.

Mozambique Oil & Gas: Is this the LNG year for Mozambique?

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

Financial scandal and security issues are the latest challenges to be overcome in Mozambique’s long-delayed emergence into the world of LNG. However, a raft of off-take agreements for two major projects in the country’s north should make 2019 a pivotal year as investors move towards final investment decisions. These projects would represent Mozambique’s biggest foreign direct investments to date.

Mozambique Oil & Gas: Anadarko announces LNG sale and purchase agreement with Shell

Posted on February 5, 2019February 5, 2019 by Mozambique Resources Post

Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Shell International Trading Middle East Ltd. (Shell). The SPA is for 2 million tonnes of LNG per annum (MTPA) for a term of 13 years.

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