Australia’s offshore petroleum watchdog has cleared the way for Shell (SHEL.L) to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia, after a power outage forced a shutdown in December. Shell has given no timeframe for when production will resume at the 3.6 million tonnes a year facility. Power was cut at the site after smoke was detected in an electrical utility area. read more Following the outage, the National Offshore Petroleum Safety and Environmental Management Authority ordered the company to set out a plan and fix any problems to prove the facility could operate safely in the event of a power loss before being allowed to resume operations. That order was updated to “closed” last Friday. “Shell notes confirmation from NOPSEMA […]