A joint venture gives the green light to a long-delayed gas project

SHELL and its joint-venture partner SGH Energy have approved the development of the Crux natural gas project off the coast of Western Australia with a final investment decision (FID).

It was rumoured two years ago that the project's FID will be postponed. This came after Shell postponed several projects after deciding to cut its capital investment by 20%. Crux will provide backfill gas to Shell's huge floating LNG project Pre....