Posted: 14 August 2006

Hyundai Heavy Industries Co., Ltd. (HHI) said that it has signed a letter of intent with Qatar Shell GTL Limited, a Royal Dutch Shell plc subsidiary, for the engineering, procurement, and construction (EPC) for the feed gas preparation works of the Pearl GTL Project. HHI will perform the work in a consortium with Chiyoda Corp. called CHC.

The project for two trains of gas processing units, with a capacity of 850 MSCFD and a total of 1,700 MSCFD of natural gas (equivalent to 8 MMTPA of LNG), will send feed gas to the GTL core unit to produce 140,000 barrels per day of GTL products. The project will be completed around the end of the decade in a staged sequence for phases 1 and 2. read more

For some, soaring prices are a reason to pile in; for others, it’s time to look further afield

By Jenne Mannion
Published: 13 August 2006

We all feel the effects of rising oil prices. Pull up at a garage forecourt today and you can expect to pay at least £1 for every litre of petrol – up from roughly 83p 18 months ago on the back of spiralling production costs and supply problems. Our household energy bills have been similarly affected. And for the many who spend great chunks of their income on such essentials, the discomfort is likely to get worse. read more

EXTRACT: “…the Thurrock site was formerly a Shell oil refinery that ceased production in 1999. Shell has spent £50m clearing the site and will be a partner in the port project.

Nick Mathiason
Sunday August 13, 2006

The government is set to give the go-ahead to a £1.5bn new port east of London in a move that will help the UK compete with Rotterdam as a vital European distribution hub.
The port in Thurrock, Essex, known as London Gateway, will be capable of handling the largest deep-sea container ships. The government last week wrote to the site’s owner, Dubai Port World, controlled by the Middle East state, confirming its intention to give the green light to the project. A final decision is expected to be made in 10 weeks. read more

Sunday August 13, 2006

The glowing reputation of Lord Browne as the leading oil man of his generation, and of BP, the company he led from gentle decline to rampant rebirth in the late Nineties, are now both in dire peril.

The accepted wisdom is that Browne is Britain’s best executive. A BP lifer, he built a global super-major via US and Russian acquisitions, avoided catastrophes such as the reserves scandal at Shell, and added a green feather to his cap by taking climate change seriously, unlike Exxon of the US. Investors loved him and loved the company – for a decade shares in BP traded at a premium over its flat-footed Anglo-Dutch peer, Shell. read more

THE Shell Gourami Business Challenge was set up by Shell as an entry requirement for graduates who want to join this multi-national energy corporation.
 
Participants are given a chance to run an energy company based in the fictional island of Gourami. The objective is to present a business case that would secure an investment of up to US$1.5bil (RM5.5bil) from shareholders.

The programme culminates in a presentation to the shareholders who are represented by senior managers from Shell.

According to Ragu Subramaniam (pic), head of Shell Attraction and Recruitment over the last 10 years, Gourami has been held across the world to simulate the full range of technical and commercial issues that international energy groups face in developing countries. read more