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



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

High chance of rain this weekend

Brothers Charity Cricket event. Photo Christopher Chan/The Observer

Rain could be good for fishing

BSL's eco-efficient can recycling recognised state-wide

ECO-EFFICIENT: Boyne Smelters general manager Joe Rea with a stockpile of cans ready to be recycled.

BSL was a state finalist for its aluminium can recycling program.

Local Partners

How predictable are your Netflix habits?

Stranger Things is taking the world by storm as a new-age nostalgic Sci-Fi Thriller

The new entertainment binging pattern

Kanye West is on the mend now he's back from hospital

Kanye West is more relaxed since returning home from hospital

WATCH: The young Aussie actor playing Barack Obama

A screenshot of the trailer for Barry, a new film from Netflix.

Aussie teen nails Obama's early university years

Boy George named as a coach on The Voice Australia

Iconic pop star Boy George is to appear as a coach on 'The Voice'

The first Baywatch trailer is here, and it's hilarious

From left, Jon Bass, Alex Daddario, Zac Efron, Dwayne Johnson, Kelly Rohrbach, and Ilfenesh Hadera in a scene from the movie Baywatch.

DWAYNE Johnson and Zac Efron star in TV series reboot.

Sir Mick Jagger a dad again at 73

Mick Jagger... dad again at 73

Ageing rocker obviously still getting Satisfaction

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

High profile premier invests in Gladstone industrial facility

Former Queensland premier Campbell Newman heads a group that bought the UGL warehouses in Paget for $10 million.

FORMER PREMIER heads group that's backing Gladstone to bounce back.

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Ready to SELL your property?

Post Your Ad Here!