News and information on Royal Dutch Shell Plc.
Regular browser: come now Relieved, for once Mr Donovan should be praising Shell for philanthropy. It is very clear that almost everyone on Earth would prefer to walk than to get into that glorified Fisher Price car. I find it ludicrous that with all the brainpower in Amsterdam and Rijswijk focussed on such a product the best they could come up with was, as you put it the glorified Smart Car (with a fisher price paint job) that still for some flabbergasting reason runs on Petrol despite the fact that there is no city on Earth pushing for this type of car that is not anything other than electric. Shell is in total denial about the disruptions it is facing, I think the axe should be swung higher up the food chain than the poor folks in The Hague, Rijswijk, Reading, London, Aberdeen, Houston, Calgary and Perth who are currently facing an uncertain future.
Relieved: I find Shell's 'bug eyed' creation interesting but most probably doomed to failure. Battery technology is advancing so fast now that Shell's glorified version of the of the 'Smart' car is probably to face a similar fate.
Hey Zik: Really? That was a pure rant against the Nigerian government from what I can tell. Could we persuade you to be shorter or give us a link to your blog? Did you mention Shell at all?
Zik Gbemre: ON GAS DEVELOPMENT IN NIGERIA – WHAT PRESIDENT BUHARI NEEDS TO DO With the prevailing harsh economic realities facing the Nigerian economy due to the free fall of oil price in the global market, which has practically affected every sector of the country, there is need for more attention to be diverted to the development of other energy sources to revitalize the energy industry. This is where the development of Nigeria’s abundant natural gas reserves comes into play. Unfortunately, not much has been witnessed in this direction in terms of developing it to what it should be. As an environmentally friendly and efficient “energy source”, natural gas is today considered the cleanest-burning conventional fuel, producing lower levels of greenhouse gas emissions than heavier hydrocarbon fuels such as coal and crude oil. Natural gas fuels power stations for electricity supply, heats buildings and is used as a raw material in many consumer products, such as those made of traditional plastics. But despite its importance, the Nigerian Government over the years has not been given natural gas development in the country the rightful attention it deserves. With a proven reserve of more than 260 trillion cubic feet of natural gas, Nigeria’s gas reserve is triple the nation’s crude oil resources as at 2013. Hitherto, Associated Gas encountered during the normal course of oil production has been largely ‘flared’. Nigeria is reputed to be the largest gas-flaring country in the world. By not fully harnessing its gas resources, Nigeria loses an estimated 18.2 million U.S. dollars daily according to some reports. It is in the light of these, obviously unfavorable prevailing circumstances in the industry that we strongly believe there is need for the President Muhammadu Buhari administration to first have some caliber of people who have the relevant expertise, proven integrity and credibility in ‘the development of gas’, and they should be strategically placed in sensitive government positions in the Presidency, the Nigerian National Petroleum Corporation (NNPC), and the Federal Ministry of Petroleum Resources to support the ongoing good efforts of the Honourable Minister of Petroleum Resources and Group Managing Director (GMD) of the NNPC. The truth is that, for the President Buhari government to turn around the Gas industry, “it would depend on the caliber of people who will be working with the government”, their credibility would be what would be working for them. To this end, the Federal Government should make use of ‘technocrats’, especially those that have been active (or retired), in Multinational Oil and Gas Companies like Shell (SPDC), to deliver as many of their programmes in the industry as possible. They promised to put in these basic criteria on how they are going to operate and they would expect everybody who is working for them to operate in a transparent, ethical manner. The truth is that there are indeed ‘exceptional experts’ within the organized private sector whom the present government needs to bring on board to turn things around in the nation’s Gas development objectives. The Federal Government as led by President Buhari cannot do it alone. As we have observed with Alhaji Abdulahi Bukar, an expert in Oil and Gas facilities development, who, after retirement, joined what was then called Goge Joint Venture with Frontier 1, which is one of the marginal Oil Fields from the marginal Oil forum from 2003. And with his Team, they have commenced looking at the development of Fuko Marginal Oil Field in Akwa Ibom State, which everybody thought it was Oil but it turned out to be Gas. That was the key seed that started the 7 Energy Frontier Joint Venture partnerships, which is producing gas, the Aku Gas Pipelines that are all over the South East, Nigeria, with approximately 227kms of Pipelines. The Uquo Gas processing Plant and Gas Sale Contract is said to serve five customers, the main customer being the Ibom and Calabar IPP Generation Stations belonging to NDPHC, as well as Unichem Cement Factory of Lafarge, and Notore Fertilizer Plant in Rivers State. The Uquo Gas Field will help to generate an additional 1000MW of Power supply for Nigeria by the end of 2015, helping to increase Nigeria’s grid Power Generation by more than 20%. The project has been hailed as a success story of the FGN’s marginal Field Programme by Federal and State Governments. We believe that for any elected Government, just like we have in Nigeria at the Federal level, there are two things to note. That Government has to take care of the majority that elected them into office, but they also have to take care of the minority, who may not have agreed with them, but they are still part and parcel of the country and we believe their needs must be addressed. We also believe this Government under President Buhari has the wherewithal, vision and resolve to actually address ‘knotty issues’ on Power Generation, on Gas supply; not only for Power Generation but also for industrial use, on the liquid/fuel issues that have been bedeviling this country for the last 20 to 30 years, and also to see to our reawakening of values, discipline; to make sure we become our brothers’ keepers in order to create an environment that would allow a large number of Nigerians currently unemployed to be brought back into the economy in productive employment and delivery. Agreed that the nation’s Oil and Gas industry is very vast and there are so many areas and issues that are begging for attention to be addressed, but we strongly advise that, having assembled a formidable force of technocrats as experts in Gas Development within and around the Presidency, the next line of action is for the Government to sit with these ‘experts’ and together; agree on what exactly is achievable within the shortest possible time limit, as well as long term goals. As rightly noted by Alhaji Engr. Bukar, “we have suffered major deterioration in the energy sector for a number of years. There are some highlights, but then if you notice, there has been an appreciable [...]
Relieved: I find comments about the gas industry's competitiveness relative to coal interesting giving all the major coal companies in the US are in bankruptcy or approaching bankruptcy because of their inability to compete with coal. Even large exports to China aren't going to pull these companies out of their financial difficulties.
Relieved: Let us all call the LNG processing prototype what it really is - a 'mega-barge'. And a very dangerous mega-barge.
Relieved: With regard to the Siemens, RD Shell, et al, corruption article - I do believe the old saying 'Birds of a feather flock together'. Is quite applicable in this case. Are any of us really surprised at all of this ???
Grumpelstiltskin: Chief, It is pay cheque, not pay check. Brun ? You mean burn. The word is Posse Mole - big deal. Come into the real world son. You clearly don't understand the size of Royal Dutch Shell. This is an Anglo Dutch Company, you should respect its roots and heritage, it is not North American.
Connected: The blind....leading the blind at RDS these days.
truth: It is unfortunate that Royal Dutch Shell is now led by TEAM "B". All the good folks have been pushed aside.