Royal Dutch Shell Plc, Europe’s largest oil company, plans to name Ann Pickard as head of its Arctic operations, moving her from the helm of the Australian business, a person with knowledge of the matter said.
Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings.
Royal Dutch Shell Plc , Europe’s largest oil company by market value, said it expects Australia to attract more of the energy company’s investment than any other region, driven by liquefied natural gas projects.
Royal Dutch Shell Plc has brought the former manager of Sakhalin-2, Russia’s first liquefied natural gas project, to Australia to oversee development of a proposed venture that may cost more than $20 billion.
Woodside Petroleum Ltd. may try to lure an executive away from Royal Dutch Shell Plc , Chevron Corp. , BHP Billiton Ltd . or BP Plc to run the company after Don Voelte steps down as chief this year, analysts said.
Royal Dutch Shell Plc , Europe’s largest oil company, won approval from the Australian government to proceed with the development of the world’s first liquefied natural gas project using a floating plant.
Royal Dutch Shell Plc, among companies planning more than $40 billion of investment in Queensland gas projects, said Australia’s revised resources tax offers the appropriate benefits for the public and companies.