A novel coronavirus, has caused a large-scale outbreak that has spread globally. The pandemic has greatly changed the daily lives of people in Netherlands. Measures to limit the coronavirus outbreak in the Netherlands appear to have halved the rate of infection.
- The Dutch government has announced several emergency measures to support companies affected by the outbreak of COVID-19.
- People are forbidden from assembling in public places and are recommended to keep at least 1-m distance from each other
- Restaurants, pubs, and shopping centers except for pharmacies and food marketsare obligated to remain close.
- The Dutch government has launched a roadmap with up-to-date information on support measures for companies in the Netherlands.
- The roadmap also guides to Dutch national organisations which one can turn to for more information and advice.
- Employees vital to the operation of these chains can go to work and are, at this stage, still entitled to day-care if needed.
During COVID-19, Shell sells U.S. Appalachia assets to National Fuel
- Royal Dutch Shell plc, through its affiliate SWEPI LP (Shell), has reached an agreement with publicly listed U.S. energy company National Fuel Gas
- Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together National Fuel), to sell its Appalachia shale gas position for $541 million, subject to closing adjustments.
- The consideration is intended to be paid in cash, but National Fuel has the option to provide up to $150 million of NFG common stock as consideration.
The transaction is part of divesting non-core assets and in line with Shells Shales strategy which focusses on development of higher margin, light tight oil assets.
Shell invests in Arrow Energys Surat Gas Project
- Shell Australia (Shell) has taken a final investment decision to develop the first phase of Arrow Energys Surat Gas Project in Queensland, Australia.
- This decision will bring up to 90 billion cubic feet per year of new gas to market at peak production, which will flow to Shell-operated QGC to be sold locally and exported through its plant on Curtis Island.
- The utilisation of QGCs existing upstream pipelines and treatment facilities enables Arrow to significantly reduce development costs, making the project competitive and economically attractive.