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Shell is stepping out of a mega project with Gazprom

Printed below is an English translation of an article published today by the Dutch FT, Financieele Dagblad.

Shell is stepping out of a mega project with Gazprom

By Joost Bosman

Energy group Shell is withdrawing from the construction of an LNG plant on the Russian Baltic coast. The Russian partner Gazprom announced at the end of March that, in addition to the installation, it would also like to build a factory that can process fat gas from Western Siberia. The Anglo-Dutch oil company does not feel like that.

“Following Gazprom’s announcement on March 29 about the final development concept of Baltic LNG, we decided to stop our involvement in this project,” said Cederic Cremers, President of Shell Russia, in a statement. read more

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Royal Dutch Shell Prelude FLNG News: 25 March 2019

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Expert scepticism about Shell Prelude

It is worth bearing in mind that Mr Campbell correctly predicted the tragic avoidable disaster that cost the lives of workers on the Shell Brent Bravo North Sea platform.  Shell ignored his chilling forecast put in writing that a fatal accident was inevitable.  read more

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Shell puts safety ahead of LNG production on Prelude

Peter Milne: The West Australian: Wednesday, 13 February 2019 6:22AM

The Prelude project will be fired up 475 kilometres north-east of Broome, ready to liquefy natural gas straight from the ocean floor and ship it around the world.

Shell’s Prelude floating LNG vessel will come into production when it is safe to do so, and not before, Australia chairwoman Zoe Yujnovich told the Melbourne Mining Club today.

Ms Yujnovich also called for Australia to reconsider a carbon price as she discussed political, economic and social tensions in Australia.

In what may be an attempt to lower expectations about when first production will occur, Ms Yujnovich said the 488m-long giant was simple in concept but complex in execution. read more

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Alarm Bells Ring Again About Shell Prelude Safety Issues

By John Donovan

For several years, retired Royal Dutch Shell experts, including Bill Campbell, have rung alarm bells about safety issues in relation to Shell’s Prelude FLNG project. See Royal Dutch Shell Prelude to disaster 

We have also published related information supplied to us by an insider. The person in question has been intimately involved in the project at a high level. He is deeply concerned that warnings issued to Shell (and other parties) have been ignored and that financial considerations are taking priority over safety issues. The whistleblower supplied me with internal information and photographic material. 

Bill Campbell made a chilling assessment: “The revolutionary concept of offshore LNG installations (FLNG) is said to have economic and environmental advantages. A distinct disadvantage however is that the risks to health and safety of persons employed offshore on the LNG FPSO’s, such as Prelude, will be higher, when compared to onshore LNG plants of similar capacity, specifically the potential for loss of life; …loss of containment of hydrocarbons is likely to occur on Prelude during its operational life, either through flaws in the design, human error or failure to inspect and maintain. It’s almost inevitable.  It’s only to be hoped that the consequences of these losses never reach their full potential.”  read more

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Royal Dutch Shell News 6 Feb 2017: 3 articles

2019: By Rick Wilkinson OGJ Correspondent

The Perth-based Australian subsidiary of Royal Dutch Shell PLC has begun the approval process for a potential $2-billion (Aus.) development of its Crux natural gas-condensate field in the Browse basin license AC/L9 offshore Western Australia as a tie in to the company’s Prelude floating LNG (FLNG) facilities. FULL ARTICLE read more

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Royal Dutch Shell News 3 Jan 2019

Singapore — Shell will load the first condensate cargo from Australia’s Prelude FLNG project at end January, according to shipping reports and sources Thursday.

The condensate will be loaded in a 80,000 mt clip over January 31 to February 2, shipping reports showed.

A vessel has not been fixed for the cargo, and shipbrokers said Shell began looking for an Aframax tanker to load the cargo Thursday.

Shell did not immediately respond to an email query seeking comment.

The destination of the cargo is unclear, though trade sources have said that the oil major will likely use the cargo within its own network of splitters and refineries. read more

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Shell Prelude Anxiety

By John Donovan

Just over a month ago, in the context of informed speculation by retired Shell experts from snippets of information that have leaked out, I asked the question:

Is all well with the Shell Prelude FLNG Project? 

A number of things have happened since publication, including todays announcement of Tom Summers exit from his VP role at Shell Energy Australia, linked to continuing delays in the Prelude project.

Add in the appointment of Rob Jager as VP Prelude, Shell Australia, and the secondment to Prelude of outside technicians from LNG production company Atlantic, it seems that the project may indeed be in a state of flux. read more

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Chevron Says Climate Change Lawsuit `Not Viable’ As It Prepares To Educate Judge On Science

Daniel Fisher: Writer and communications consultant and former senior editor with Forbes magazine; 21 March 2018

Five of the world’s largest oil and gas producers have filed a motion to dismiss a climate change lawsuit against them by the cities of Oakland and San Francisco even as they prepare to deliver an unusual “tutorial” on climate science to the federal judge overseeing the case. In a 45-page filing on Tuesday, Chevron, BP, ConocoPhillips, ExxonMobil and Royal Dutch Shell urged U.S. District Judge William Alsup to dismiss the lawsuit seeking billions of dollars to pay for costs associated with global warming. The oil companies argue the U.S. Supreme Court and the U.S. Court of Appeals for the Ninth Circuit have repeatedly rejected similar lawsuits against oil companies, the auto industry and electric utilities because Congress has given authority to regulate CO2 emissions exclusively to the Environmental Protection Agency. FULL ARTICLE read more

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Shell LNG glut ‘conspicuously absent’: Shell CEO Ben van Beurden

by Angela Macdonald-Smith: Feb 2 2018 at 12:03 PM: Updated Feb 2 2018 at 3:19 PM

Royal Dutch Shell chief executive Ben van Beurden has declared that the energy giant’s confidence in the LNG market has been justified with no sign of the oversupply that others had warned of. “The LNG glut is conspicuously absent isn’t it, much to the surprise of those that thought this was inevitable,” Mr van Beurden told reporters at Shell’s fourth-quarter results briefing in London. FULL ARTICLE read more

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Shell Says Yes To Free Cash Flow, No To Debt

Callum Turcan: Nov 15, 2017

Summary

  • Royal Dutch Shell generates free cash flow in Q3.
  • Outlook for Q4, even in light of impending capex increase, looks bright due to Brent rallying.
  • Over $10 billion in net debt reduction since the end of Q3 2016.
  • Overview of Q3 results and what to expect going forward.

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has come a long way since it bottomed out in early-2016. Its latest earnings reportreinforced the notion that when Brent is trading in the $50s, Shell’s cash flow position becomes balanced. Cash flow neutrality is the key breakeven point for the industry in the current environment, as oil & gas giants need to show that they can cover capital expenditures and large dividends through organic means at realistic prices. Let’s check out how Royal Dutch Shell did in a low $50s Brent world, with an eye on organic cash inflows and outflows. FULL ARTICLE WITH CHARTS read more

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Shell Prelude FLNG named as FieldComm Group 2017 Plant of the Year

06 November 2017

The Shell Prelude Floating Liquefied Natural Gas (FLNG) plant/ship of Royal Dutch Shell, which will be located in the Timor Sea off the North West coast of Australia, has been named as the FieldComm Group 2017 Plant of the Year.

Having recently completed the journey to its final destination, 200-km off the Australian mainland, it will be connected to Deepwater gas wells and is scheduled to begin regular operations in 2018. The 488m x 71m vessel’s 14 production facilities, rising eight stories above the deck will extract and process around 3.6 million tonnes per year of liquefied natural gas (LNG) during its 25-year lifespan. FULL ARTICLE
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Why Shell Prelude is such a risky gamble!

After all is said and done who would build a hotel and a heliport, and a dock, besides or within 100 metres of a hazardous substances plant. It would simply not be allowed on land. This is what makes Prelude so risky.

Comment from Bill Campbell on the article:

Shell’s ill-fated $14bn gamble on Titanic Prelude FLNG Barge

FLNG

If FLNG has a future remains to be seen. It is under any measure an outstanding technical achievement. My only concern is the misplaced statements by RDS and Shell Australia on the risks. Doomcaster and I are in agreement, there is and always will be during the commissioning and steady state operation a risk of leakage so we can say the probability side of the risk equation is well understood. Whether it be human failure or otherwise leaks are difficult to avoid. The best database for leaks in the World is the homogeneous population of over 200 North Sea installations covered in HSE data which confirms in 11 years of operation that leakage frequency has a mean time between failures of circa 3 days. My problem is with the huge inventory and congested space is that Shell seriously downplays the potential consequence side of the risk equation. Post Piper Alpha and post Seveso there are two principal risk reducers, reduced inventory (fuel) and lots of space seperating modules from each other, from human habitation, control rooms, admin blocks, and from storage tanks. After all is said and done who would build a hotel and a heliport, and a dock, besides or within 100 metres of a hazardous substances plant. It would simply not be allowed on land. This is what makes Prelude so risky. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell’s ill-fated $14bn gamble on Titanic Prelude FLNG Barge

The Prelude, which is 488m long, arrived in Australia last month © PA

By John Donovan

Shell’s Prelude barge has been described as the biggest floating structure ever built and is said to be 12 times the size of the Titanic. It is a comparison that for obvious reasons Shell does not use, although others do. There have been far more dire warnings about the dangers attached to Prelude than were made about the Titanic’s maiden voyage before it tragically sunk. Most have come from a well-placed insider on the Prelude project and subsequently from Bill Campbell, the retired HSE Group Auditor of Shell International. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Australia’s $180 bln LNG megaproject boom enters final stretch

By Sonali Paul

MELBOURNE, Aug 14 (Reuters) – The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018. Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest exporter of LNG. Royal Dutch Shell’s $12.6 billion Prelude project – the world’s largest floating LNG (FLNG) facility – is also behind schedule. FULL ARTICLE read more

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Retired Shell official accuses company of ‘more leaks than the White House’

Bill Campbell, retired HSE GROUP AUDITOR, Shell International, comments on Paddy Briggs damning conclusion about Shell FAT CATS

The Lonely Elephant

Prelude may or may not turn out to be a white elephant but certainly from the leaked transformation documents it would appear it will be in any case a lonely elephant. 20 some years in gestation it appears that mega FLNG projects are out. As for the fat cats Paddy if Shell continues to leak (Pernis et al), more leaks than the White House, the fat cats may not be around. Are they taking their eye of the ball – who is running the business, with all this transformation stuff and reported loss of common sense and experience I read about on this website from current employees, it makes you think. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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