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




Police release CCTV footage of violent nightclub incident

PRIME SUSPECT: Police would like to speak to this man or anyone who knows him in relation to an alleged assault at Industrie Nightclub on July 2.

SECURITY guard left with multiple facial fractures.

UPDATE: Caravan rollover blocks Bruce Hwy in Gladstone region

The road is closed but should be open again before 11.30am

Hats off to this Kin Kora mum

Anneta Lester has been named the winner of McDonald’s Silver Hat Award.

Working mum of four excels on the job

Latest deals and offers

Harry's MasterChef exit makes way for all-Noosa grand final

Harry Foster congratulates MasterChef finalists Elena Duggan and Matt Sinclair after a closely-fought semi-final.

YOUNG Rocky-born cook now working in his dream job in Tasmania.

Kim Kardashian West bemused by selfie 'drama'

Kim didn't expect her naked selfie to cause the stir it did

Alicia Vikander hasn't been home since Oscars

Alicia Vikander "hasn't been home" for nearly nine months.

Tom Hiddleston not worried about relationship attention

Attention doesn't bother 'authentic' Hiddleston

Robbie Williams and Ayda Field to expand family?

Robbie Williams and Ayda Field want more children.

Licking incident bars Ariana from performing at White House

Ariana Grande has been blocked from performing at the White House

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles