Oct. 2012 - Shell and its partners announced steel cutting for what will be the world's first floating liquid natural gas facility. When complete, the Prelude FLNG vessel will be 1,600 feet long and 242 feet wide and will be the largest offshore floating facility ever built. Prelude will be deployed approximately 120 miles off the Australian coast in block WA-44-L serving the Prelude and Concerto fields. FLNG technology will eventually make it economical to develop gas fields that are currently considered too far from shore or to remote to produce. The facility is expected to receive first gas some time in 2017. At peak production the facility will deliver 3.6 million tons of LNG and 400,000 tons of LPG per year.

Aug. 2012 - Nexus Energy has inked an agreement with Shell and Osaka Gas following board approvals Friday to form a new joint venture which will accelerate the exploration and development of the Crux gas and condensate field offshore Western Australia. The final agreement was formally signed and executed. The agreement sees Shell taking its place as the operator of the production license AC/L9 with an 80 percent interest. Nexus and Osaka Gas hold a 17 percent and 3 percent interest respectively. The agreement also provides Nexus with a 12 month put option to sell 2 percent of its equity interest in the JV to Shell for $78.6 million (AUD75 million). Nexus said in a statement that the JV will initially focus on converting the existing AC/L9 offshore production license into a retention lease. This will require a detailed work program, which include technical studies of a range of development options, including a standalone development concept, and exploration drilling of the Auriga prospect targeted for early 2014. The development options currently under consideration for the Crux field include a tie-in to Shell's Prelude floating liquefied natural gas (FLNG) vessel or a standalone FLNG project.

Jul. 2012 - Alcatel-Lucent together with the Technip Samsung Consortium (TSC) is set to provide an advanced communications system for Shell’s new Prelude FLNG facility. The system will enhance the safety and efficiency of operations and provide entertainment and communications services for crew members on the facility, 124 miles (200 kilometers) off Western Australia. The communications system will include operations, safety, and entertainment systems such as: trunk and marine radio communications; air communications radar recorder (black box); beacons; local and wide area networks; voice over IP; closed circuit TV; public address alarm systems; distress and safety systems; GPS; weather monitoring; and search and rescue transponders.

Jun. 2012 - Shell awarded Technip a subsea installation contract for the Prelude FLNG facility, which is moored in a water depth of 787 feet (240 meters), about 124 miles (200 kilometers) off the northwest coast of Australia. The contract covers the project management, fabrication, transport and installation by reeling of 12 inch flowlines and the fabrication of pipeline end terminals, flowline appurtenances and rigid spools. It also includes the transportation and installation of the subsea equipment including manifolds, umbilical termination assemblies, rigid spooks and flying leads. Shell said it expects the Prelude FLNG project to be ready in 2017. Once operational, the Prelude FLNG facility will produce at least 5.3 million tones per annum (mtpa) of liquids.

May. 2012 - FMC Technology will supply offshore loading arm systems as part of the Shell Prelude FLNG project. FMC's scope of supply includes seven offshore footless marine loading arms, four for liquefied natural gas and three for liquefied petroleum gas. FMC's Loading Systems business in Sens, France will design and manufacture the equipment. The Prelude facility will be built by TSC at the Samsung Heavy Industries shipyard in Geoje, Korea. It will measure 1,600 feet (488 meters) from bow to stern and weigh around 600,000 tonnes when fully loaded. It will be moored over 120 miles (200 kilometers) from land and will produce gas from offshore subsea fields. The facility will treat and liquefy the gas onboard via a cooling process before storing and export it via conventional LNG carriers.

Mar. 2012 - INPEX has agreed to acquire a 17.5 percent participating interest in the Prelude FLNG project from Shell. This transaction is pending necessary governmental approval. The Prelude FLNG project is located in WA-44-L, approximately 295 miles (475 kilometers) north-northeast of Broome, off the coast of Western Australia. The project includes the Prelude and Concerto gas fields. These fields will be developed utilizing a FLNG facility and will produce at least 3.6 million tonnes per annum of LNG, along with 0.4 million tonnes per annum of liquefied petroleum gas and approximately 36,000 bopd of condensate at peak.

Sep. 2011 - GE O&G has entered into an agreement with Technip to provide two steam turbine-driven compressors for the Shell Prelude FLNG project, offshore Australia. The facility will be the largest floating offshore vessel in the world. Technip and Samsung Heavy Industries formed a consortium, which Shell has tasked to engineer, procure, build and install the Prelude FLNG. The agreement also calls for start-up and two years of training, operation and spare parts. The FLNG facility, to be moored at the Prelude gas field, will measure 1,601 feet (488 meters) from bow to stern and will weigh around 600,000 tons when fully loaded. Shell is the operator and 100% equity holder of the WA-371-P permit (which holds the Prelude field).

Jun. 2011 - Shell and FMC Technologies have signed an agreement for the supply of subsea production and related topside systems for the Prelude field development. The companies also agreed on FMC performing installation and commissioning services for the project. FMC's scope of supply includes seven large bore subsea production trees, production manifolds, riser bases, subsea control systems and other related equipment. Orders associated with this award will continue throughout the remainder of 2011. The Prelude gas field is located in the Browse Basin offshore Western Australia in the WA-371-P permit. Shell is the operator and 100% equity holder of the WA-371-P permit, approximately 295 miles (475 kilometers) northeast of Broome, Western Australia, and more than 124 miles (200 kilometers) from the nearest point on the mainland.

Jun. 2011 - Technip awarded SBM Offshore a contract to engineer, procure, construct and integrate a turret mooring system for Shell's Prelude FLNG. The Prelude FLNG facility will produce gas from offshore fields and condense it on board via a cooling process. TSC will perform the detailed design of this facility at the Samsung Heavy Industries shipyard in Geoje, Korea. SBM Offshore will supply the mooring system to the shipyard in Korea for integration into the facility. The Prelude FLNG facility is considered the largest floating offshore facility in the world, measuring 1,601 feet (488 meters) from bow to stern and weighing close to 600,000 tonnes. The Prelude gas field is located in the Browse Basin offshore Western Australia in the WA-371-P permit.

May. 2011 - Technip Samsung Consortium received notice from Shell to proceed with construction of the first floating liquefied natural gas (FLNG) facility in the world. The company will engineer, procure, construct and install the FLNG facility at the Prelude gas field off the northwest coast of Australia. The Prelude facility will produce gas from offshore fields and liquefy it onboard by cooling. Detailed design of the facility will occur at Technip's operating centers in Paris, France and Kuala Lumpur, Malaysia. Construction of the facility will take place at the Samsung Heavy Industries shipyard in Geoje, Korea. The Prelude gas field is located in the Browse Basin offshore Western Australia in the WA-371-P permit. Shell is the operator and 100% equity holder of the WA-371-P permit, approximately 295 miles (475 kilometers) northeast of Broome, Western Australia, and more than 124 miles (200 kilometers) from the nearest point on the mainland.

Nov. 2010 - Shell's Prelude FLNG project received an environmental approval from the Australian Minister for Environment, Tony Burke. Even though this approval is an important milestone for the project, several hurdles must still be crossed before operations can begin, including the development of an oil spill contingency plan, to the Government's satisfaction, specifying how it will minimize the risks of oil spills and how it will minimize environmental impacts in the event of an oil spill, said Burke. Shell will also need to develop a publicly available greenhouse gas strategy that will detail proposed measures and offsets to reduce GHG emissions. If approvals are given on all fronts, the Prelude project is planned to be the first to deploy Shell's innovative Floating LNG (FLNG) technology. The technology will process the gas at the site of the field rather than piping it hundreds of kilometers to shore. Shell is the Operator and 100% equity holder of the WA-371-P permit in the Browse Basin, approximately 295 miles (475 kilometers) northeast of Broome, Western Australia, and more than 124 miles (200 kilometers) from the nearest point on the mainland.

Jul. 2010 - Emerson was appointed by Technip Samsung Consortium to serve as Main Automation Contractor for the Prelude project. Supporting Technip Samsung Consortium, the project's FEED contractor, Emerson will be responsible for providing the strategy, design and engineering of the process control and monitoring technologies to support the production facility. The FLNG facility will operate as an integrated extraction, gas processing, and liquefaction plant. Prelude's facility will be 1,575 feet (480 meters) long, 246 feet (75 meters) wide, and will have a production capacity of 3.5 to 4MM tons of LNG per year, with the ability to process and export liquefied petroleum gas and condensate. When fully ballasted, the vessel will weigh an estimated 600,000 tons (544,311 tonnes), and will have the flexibility to relocate to another gas field once production is complete. The Prelude gas field is located in the Browse Basin offshore Western Australia in the WA-371-P permit. Containing an estimated 2 to 3 Tcf of recoverable gas, the Prelude field is 100% owned and operated by Shell.

Oct. 2009 - Shell announced in their 3Q 2009 report that a FEED study for a floating liquefied natural gas (FLNG) project will be performed at the Prelude gas discovery, which is located in the Browse Basin offshore Western Australia in the WA-371-P permit. Shell's proposed FLNG facility would be about 1,575 feet (480 meters) long, 246 feet (75 meters) wide and weigh about 600,000 metric tons. Containing an estimated 2 to 3 Tcf of recoverable gas, the Prelude field is 100% owned and operated by Shell.

Oct. 2009 - Shell said it has commenced site-specific design work for what could be the world's first operational FLNG platform. A draft environmental impact statement for the massive project, to be floated in Australian waters, will be released for public comment Monday, a Shell spokeswoman said. Bigger than an aircraft carrier, the US $5 billion plant would have the capacity to produce 3.5 million tons of LNG a year and would be fed by the Anglo-Dutch major's Prelude and Concerto gas discoveries in the Browse Basin offshore Western Australia state. Shell's proposed facility would be about 480 meters long, 75 meters wide, weigh about 600,000 metric tons and be "significantly the largest vessel in the world when it's constructed."

Sep. 2009 - Nexus successfully completed a placement to institutional and sophisticated investors, raising gross proceeds of approximately $31 million. Further, eligible shareholders will be invited to participate in a fully underwritten non-renounceable rights issue to raise an additional $43 million (before costs and expenses). The placement and rights issue will strengthen Nexus' balance sheet and provide financial flexibility through to the end of 2010. Proceeds will be used to fund ongoing development of the Longtom gas project, long lead items for the Crux liquids project and general working capital.

Aug. 2009 - Shell struck gas in the Browse Basin offshore Western Australia state, possibly supporting its plans to build what could be Australia's first floating LNG plant. The discovery was made at the Concerto-1 well in Shell's fully owned permit WA-371-P, which is close to the Prelude gas field. The floating plant is expected to be 1,575 feet (480 meters) long with a width between 230 feet (70 meters) and 262 feet (80 meters) and would be built outside Australia and towed to the Prelude field, Shell said.

Feb. 2009 - Nexus has signed an agreement with Single Buoy Moorings Inc ("SBM") to enter into a period of exclusive negotiations for the integrated build, supply and operation of the Crux liquids project floating production storage and offloading vessel ("FPSO").

Nov. 2008 - Nexus has terminated its contract with Vanguard Oil and Gas for the supply of a FPSO vessel for its Crux liquids project and will now proceed to negotiate an alternative offer from a Market-leading FPSO provider.

Jun. 2008 - Nexus Energy Limited announced that a Notice of Award (“NOA”) has been signed with Sedco Forex International Inc to secure the Transocean Legend semi-submersible drilling rig for the Crux liquids project. It is expected that the rig will be available to commence operations on the Crux field between February and April 2009. The timing will depend on whether optional wells are exercised by the company currently utilising the rig.

Feb. 2008 - Nexus Energy Limited's Crux-4 appraisal well in exploration permit AC/P23, in the Browse Basin, has intersected approximately 110 metres of high quality net gas bearing sand over a 190 metre gross interval confirming the field extends into the previously undrilled South East Horst block.

Jan. 2006 - Nexus Energy has completed its acquisition of 100% of the Crux Gas Condensate Field with the transfer of title from former permit holders Mogal Marine Pty Ltd following payment of $10 million of funds previously held in escrow and the issue of $2 million in Nexus shares. Funding of $7million was provided via a debt facility secured from BOS International, a wholly owned subsidiary of Bank of Scotland.