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Posts under ‘LNG’

Opec is finished – the oil crash will continue

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. The major oil companies will have to cut back on projects with a break-even cost below $80 for Brent […]

Combustible pioneering behemoths – the Hindenburg and Shell Prelude

By John Donovan I am not sure that directly comparing the explosive potential arising from the Hindenburg and the Shell Prelude is strictly appropriate. However, what is beyond doubt is that these pioneering ventures both captured the attention of the worlds media and a loss of containment on the Prelude could potentially create another catastrophic […]

Damning Verdict on Shell’s Prelude FLNG Propaganda

These claims do not appear to be founded on fact but appear to be simply propaganda; …the Shell claims are fiction, wishful thinking. Royal Dutch Shell, bound by its general business principles of honesty and integrity, casts these principles aside by simply fabricating stories re the health and safety risks of FLNG, as a means to an […]

Shell Corrib Gas Project Ireland: The Good News and the Bad News

By Nick Gill The Irish Independent has published an article providing an update on the delayed progress of the Shell led Corrib Gas Project in Ireland, which has been surrounded by controversy, including alleged corruption and persistent environmental protests from the outset.  Basically, the good news is that the volume of gas at peak production […]

Royal Dutch Shell Prelude Project ‘A Step Too Far’

By John Donovan I have received a comment about the most recent Bill Campbell Prelude article from another expert, a former Shell executive.  I refer to Hans Bouman, the retired Groningen Gas Field Asset Manager for NAM, a joint Royal Dutch Shell/ExxonMobil operation. Mr Bouman is the expert who in 2002 warned Shell/Sakhalin Energy internally of his concerns […]

Prelude FLNG risks are on par with modern offshore oil and gas facilities say Shell – but are they?

Final article in a series of five articles by Bill Campbell, retired HSE Group Auditor, Shell International, about risks relating to the Shell Prelude FLNG project. Prelude FLNG risks are on par with modern offshore oil and gas facilities say Shell – but are they? Let’s discuss  With the implementation of the recommendations post Piper […]

Qatar’s LNG Dominance Threatened by Shell’s Reported Withdrawal

Extract from an article by Andy Tully published by oil price.com on 21 July 2014 In 2013, however, one Shell well in Block D of the field came up dry, although Qatar had promoted it as a rich source of energy. As a result, Shell decided against even beginning a second exploratory well, anonymous sources […]

Shell shelves small-scale LNG plans

Extract from an upstreamonline.com article by Luke Johnson published 17 July 2014 Anglo-Dutch supermajor Shell is shelving plans for now to build three small-scale gas liquefaction plants in North America that would produce LNG for transportation fuel. Access to full article subject to subscription

Shell suspends development of Canada’s Jumping Pound gas liquefaction unit

Extracts from a Reuters article published Friday 18 July 2014 LONDON, July 18 (Reuters) – Royal Dutch Shell said it has suspended development of a liquefaction unit at Canada’s Jumping Pound facility… “We believe LNG (liquefied natural gas) in transport is a considerable opportunity for Shell, but it is an emerging market and we must […]

LNG spot crash persists as Shell bizarrely talks it up

Extracts from an article published by macro business.com on 18 July 2014 Prices of spot liquefied natural gas (LNG) for August delivery to Asia plummeted 26.5% year-over-year to an average $11.365 per million British thermal units (/MMBtu), the lowest monthly average since April 2011, the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery showed. The […]

Lift productivity to lure LNG investment, says Shell CEO Ben van Beurden

Extracts from an article by Matt Chambers published by The Australian on Friday 18 July 2014 THE head of the world’s second biggest company, Royal Dutch Shell, says Australia maintains an edge in attracting LNG investment but needs to improve labour productivity and start acting on commitments to streamline approvals if it is to capture […]