(HOUSTON AND LONDON) — Shell International Trading and Shipping Company Ltd. (SHELL) today announced it will begin recruiting U.S. seafarers for the company’s growing portfolio of managed international liquefied natural gas (LNG) vessels.
One of the first major oil producers to actively recruit U.S. seafarers for LNG vessels, Shell is committed to securing the most qualified seafarers for its maritime fleet operations and the United States offers an exceptional skill pool, particularly for LNG vessels.
“The recruitment drive also provides an excellent opportunity for American mariners to enhance their careers through Shell’s international businesses and domestic joint ventures, such as Broadwater Energy, LLC in Long Island Sound, said Bob Salmon, general manager of shipping for Shell Trading (US) Company.
The effort supports Shell’s increasing vessel management portfolio, which was extended in November 2006 when Nakilat Shipping (Qatar) Ltd., a wholly owned subsidiary of Qatar Gas Transport Company Ltd. (Nakilat), formalized an agreement with Shell to provide shipping and maritime services to Nakilat’s fleet of 25 new-build LNG carriers.
“The addition of U.S. mariners will positively enhance Shell’s diverse seafarer skill pool and provide Shell and Nakilat with highly experienced personnel for their LNG fleets. We’re excited to work with the U.S. Department of Transportation’s Marine Administration (MARAD) and the U.S. maritime unions to encourage the use of U.S. officers in the LNG industry,” said Salmon.
“We applaud Shell’s announcement, which coincides perfectly with a universal training standards agreement facilitated recently by the Maritime Administration.
“The growing worldwide demand in the LNG industry, including domestic proposals like Broadwater, create a significant opportunity for U.S. mariners, the U.S. maritime industry and coastal communities throughout the country,” said Connaughton.
Broadwater has proposed the construction of an LNG import terminal and connecting pipeline that would help the Northeast region of the United States meet its growing need for affordable and reliable natural gas supplies. The U.S. Federal Energy Regulatory Commission issued its Final Environment Impact Statement recently stating the terminal, with implementation of recommended mitigation methods, would result in fewer environmental impacts than any alternative energy sources considered.
Shell currently employs more than 500 highly qualified fleet marine officers with LNG experience around the world, and is looking to further expand its skills base, with U.S. mariners in the rapidly growing field of LNG shipping.
Shell shares LNG shipping expertise and best practices with its global partners, such as Qatar, Brunei, Nigeria and Australia. In addition to its own staff, Shell trains approximately 150 officers from its global partner countries that currently work within the Shell-managed fleet. More than 200 cadets are also undergoing training to become future officers in Shell’s fleets.
About Shell Trading
The Shell Trading business encompasses the full range of trading and shipping activities throughout Shell. With trading volumes of about 13 million barrels of oil equivalent per day, spread over physical crude oil, refined products, natural gas, electrical power, chemical feedstocks and environmental products, the organization has the skill base and international scope to capitalize on trading opportunities inherent in Shell’s asset and market positions around the world.
In addition to its trading activities, Shell International Trading and Shipping Co Ltd. (STASCO), headquartered in London, is responsible for the operation of the STASCO managed fleet of oil and gas carriers and the chartering of additional tonnage for the international trading of Shell’s cargoes.
Headquartered in Houston, Shell Trading (US) Company markets, trades and transports crude, oil products, chemicals and risk products with counterparties and customers across North America. In addition to other Shell business units, its customers include other trading companies, producers and commercial and industrial end users.
Companies within the Shell Trading network are each separate entities which trade in their own right but which also belong to a global organization, enabling them to share knowledge and advice on best practice, implement common systems and controls, and manage risks associated with international trading in a competitive environment.
About Qatar Gas Transport Company Ltd. (Nakilat)
Nakilat (which means “carrier” in Arabic) is a shipping company that is an integral part of the LNG supply chain for the State of Qatar. It was established in 2004 and is a joint stock company owned 50% by its founding shareholders and 50% by the public as result of an IPO (Initial Public Offering) in 2005. It is building a large fleet of vessels to transport LNG produced from Qatar’s North Field, the world’s largest non-associated gas field with approximately 15% of the world’s total proven reserves, to global markets. By 2010, Nakilat expects to own up to 54 LNG vessels, making it one of the largest LNG ship owners in the world.
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Disclaimer statement:
This announcement contains forward-looking statements that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business. It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to: price fluctuations, actual demand, currency
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fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorization of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
Please refer to the Annual Report on Form 20-F for the year ended December 31, 2006, (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group’s businesses. Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.
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Cautionary Note to US Investors:
The United States Securities and Exchange Commission (‘SEC’) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as “expected producible resources” and “amount of reserves we expect to produce”, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.
