Posts Tagged ‘Pearl GTL Project’

Extract from a Rigzone article published Wednesday 30 July 2014

In 2008, Shell announced it would partner with Qatar Petroleum and build Pearl GTL in order to produce cleaner-burning diesel and kerosene, base oils for top-tier lubricants, a chemical feedstock called naphtha (used to make plastics) and normal paraffin, which is used to produce detergents. Today, the plant in Ras Laffan Industrial City, 80km north of Doha, Qatar, is the largest gas-to-liquids plant in the world. 

FULL ARTICLE

Royal Dutch Shell Plc is gearing up to sell about $15 billion of assets as Europe’s largest oil company accelerates disposals to offset the cost of projects from Australia to Canada. While Voser didn’t put a figure on disposals, Shell needs to raise at least $15 billion over the next two years to meet its financial targets, according to data compiled by Bloomberg.

By Eduard Gismatullin November 12, 2013

Royal Dutch Shell Plc (RDSA) is gearing up to sell about $15 billion of assets as Europe’s largest oil company accelerates disposals to offset the cost of projects from Australia to Canada.

Asset sales will allow Shell’s net capital investment, spending on projects adjusted for acquisitions and disposals, to fall from this year’s record $45 billion, Chief Executive Officer Peter Voser said in an interview. A raft of new projects coming on stream gives room to sell oil and natural gas fields, he said. read more

Last year, Shell held the number one spot on the Fortune Global 500 list and was pushing to drill in the Arctic. This past March, the U.S. government blocked the company from drilling until it can provide a more convincing plan for exploring the region. The company has also paused another risky endeavor — one of its pipelines in Nigeria that caught fire this summer. Shell shut it down and began investigating the cause of the fire in late June.

Shell, however, remains strong. Its earnings for the first quarter of 2013 beat analyst expectations. Despite problems with certain drilling projects, the company continues to rake in money from various assets, one of which is its profitable Pearl gas-to-liquid plant in Qatar. read more

London (Platts)–28Jun2013/902 am EDT/1302 GMT

Shell’s hopes for a new gas-to-liquids mega project on the US Gulf Coast would benefit from much-improved process efficiencies, but any resulting cost savings could be limited by the need to build most of the plant outside the US, Shell officials said this week.

Shell has improved its proprietary GTL technology to the point where it can achieve 50% gains in throughput volumes compared to its giant Pearl GTL plant in Qatar which came on stream in 2011, according to one of Shell’s top GTL scientists. read more

A technician compares samples of lubricant oil in the control laboratory at Royal Dutch Shell Plc’s new lubricants blending plant in Torzhok, Russia. Photographer: Andrey Rudakov/Bloomberg

Royal Dutch Shell Plc (RDSA)’s third-quarter profit expanded 2.3 percent after Europe’s biggest oil company generated increased earnings from liquefied natural gas.

Net income rose to $7.14 billion from $6.98 billion a year earlier, Shell said today in a statement. Excluding one-time items and inventory changes, profit was $6.6 billion, beating the $6.3 billion average estimate of 13 analysts surveyed by Bloomberg.

Earnings “benefited from the increased contribution from integrated gas, which included an additional dividend from an LNG venture,” said Shell, based in The Hague. LNG sales gained 4 percent to 4.97 million metric tons from a year ago, mainly reflecting the contribution from the Pluto project in Australia. read more

Tue Aug 28, 2012 8:38am EDT

* Pearl GTL ramping up to full production

* Plant is world’s biggest gas-to-liquids facility

* Project development cost Shell $18-19 billion

* High oil price, free gas input make it a money-spinner

By Andrew Callus and Peg Mackey

STAVANGER/LONDON, Aug 28 (Reuters) – – A Qatari project that has been a drain on Royal Dutch Shell’s capital since 2003 is on the verge of turning into a unique asset that will produce billions of dollars a year in cash for the next 25 years. read more

Houston (Platts)–7Mar2012/519 pm EST/2219 GMT

Lessons learned in the construction and operation of the Pearl gas-to-liquids project in Qatar will allow for a reduction in the “capital intensity” of future projects, including any developed in the US, Royal Dutch Shell CEO Peter Voser said Wednesday.