MARKETS

Prelude a costly exercise for Shell Australia 

SHELL has reported a loss of $151 million loss for the third quarter in its integrated gas markets section, which included an impairment post-tax charge of $924 million largely related to the Prelude floating LNG vessel offshore Western Australia. 

A lego replica of the Prelude

A lego replica of the Prelude

The pre-tax charge is $1.3 billion.    "This impairment reflects Q3 2020 updates to the production plan including a revised outlook on near to medium-term availability as well as an updated view on...

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