Business

QCLNG workers are one step closer to getting a new boss

BG Group took 100% control of QCLNG last week and today they went one step closer to being bought by Royal Dutch Shell. Photo Mike Richards / The Observer
BG Group took 100% control of QCLNG last week and today they went one step closer to being bought by Royal Dutch Shell. Photo Mike Richards / The Observer Mike Richards GLA261214LNGD

WORKERS on QCLNG have to wait for three more approvals until they have a new boss.

Their current employer BG Group confirmed the Australian Treasurer has approved the recommended cash and share offer for the company made by Royal Dutch Shell.

The tick from the Foreign Investment Review Board is the fourth regulatory clearance out of five needed for the sale and then the transaction must be supported by both groups of shareholders.

This follows the unconditional approval by the Australian Competition and Consumer Commission on November 19 and clearances from Brazil and European Union.

The last clearance must come from China's Ministry of Commerce.

Last week BG Group were handed the keys to QCLNG from Bechtel with Train 2 going into its operational phase.

The company was already running Train 1 and secured 100% control of the site when they grabbed Train 2.

Royal Dutch Shell is an equal owner of Arrow Energy with PetroChina and has invested in coal seam gas in the Surat and Bowen basins.

Arrow Energy had plans on building a fourth LNG plant in Gladstone but the project was taken off the table in January.

Topics:  bg group gladstone qclng shell



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Heatwave drove up electricity spot price, energy company claims

Boyne Smelters general manager operations Joe Rea announced job cuts due to increased power prices.

National Electricity Market working as designed

NEW FIGURES: Thousands on the hunt for more work in region

New figures reveal how many people were unemployed last month.

'Game changer': Gladstone businesses take in $600k from job package

Glenn Butcher MP.

Gladstone businesses sign up for work package boost.

Local Partners

WATCH: Relive Barnsey's rocking Gladstone show

JIMMY Barnes came and delivered for Gladstone music fans on Saturday night.


New Year New Yard

Win $1000 Bunnings Voucher
Learn More

Puppetry of the Penis secrets revealed ahead of show

The famed Puppetry of the Penis is coming to the Sunshine Coast for shows in Noosa and Caloundra.

WARNING: This interview contains adult themes and traces of nuts

Noll meltdown won't affect Gympie Oz Day concert

Shannon Noll

Photo Contributed

Shannon Noll is still expected to perform in Gympie next Thursday

11 huge events coming to Gladstone in the next 6 months

Events coming up in Gladstone in 2017.

Your guide to exciting events coming to the Gladstone region

Jennifer Aniston wants to return to TV

Jennifer Aniston is desperate to make a return to TV

Madonna hopes for election unity

Madonna hopes Donald Trump's election will "bring people together"

JK Rowling rules out Cursed Child trilogy

JK Rowling has ruled out a 'Cursed Child' movie trilogy

Buckley's chance in psychological thriller

James McAvoy and Betty Buckley in a scene from the movie Split.

Broadway veteran back on big screen with James McAvoy

Daniel MacPherson: acting’s a bit like channel surfing

Australian actor Daniel MacPherson in a scene from the American TV series APB.

THE Aussie export talks about making his mark in the US.

Shopping isn't fun if you can see dead people

Lisa Marie Woodham will be giving readings in Gladstone until Saturday January 21.

Shopping isn't fun if you can see dead people

By the water's edge

Secure your seachange

Gladstone market's confidence coming back for 2017

Core Logic property statistics reveal the region's median house price dropped 16.7% to $275,000 in the September quarter.

Region's median house price drops 16.7% to $275,000

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Ready to SELL your property?

Post Your Ad Here!