Shell shit-cans GTL plant in Geismar | TigerDroppings.com

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sneakytiger
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Shell shit-cans GTL plant in Geismar


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Unfortunate news for the SLA area and hopefully not a harbinger of more to come. SIAP.



This post was edited on 12/8 at 12:16 am



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kingbob
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St. Amant, LA
Member since Nov 2010
17116 posts

re: Shell shit-cans GTL plant in Geismar








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Coeur du Tigre
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Waiting for Geauxdeaux.
Member since Nov 2008
300 posts

re: Shell shit-cans GTL plant in Geismar


Bad news. The only way this makes sense is if Shell is really in trouble.

There are only two viable GTL process designs in the world. Shell and Sasol each have proprietary and patented technologies. So Shell does not have to pay royalties as does everyone else save Sasol. If they still can't afford it, it must be bad.






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LSU0358
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re: Shell shit-cans GTL plant in Geismar


Unfortunately falling oil prices make these less economical. These make money with a wide split between crude and nat gas prices.





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notiger1997
Member since May 2009
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re: Shell shit-cans GTL plant in Geismar


quote:

The only way this makes sense is if Shell is really in trouble.


Shell isn't in trouble in anyway.






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roguetiger15
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Member since Jan 2013
3455 posts

re: Shell shit-cans GTL plant in Geismar


Shell in trouble?!





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LSU0358
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re: Shell shit-cans GTL plant in Geismar


Agree shell not in trouble.

I think they realize we are probably going to be closer to $70/bbl oil and $5 natural gas long term than we are to $100/bbl oil and $3.50 natural gas.






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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1067 posts

re: Shell shit-cans GTL plant in Geismar


Shell has been cancelling projects lately. I think it has more to do with Where the company thinks the price of energy is headed.





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sneakytiger
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Member since Oct 2007
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re: Shell shit-cans GTL plant in Geismar


I think it was either this GTL plant or the big ethane cracker up in PA. The cracker won.





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McLemore
Member since Dec 2003
12013 posts
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re: Shell shit-cans GTL plant in Geismar


my GTLS stock is taking a beating. luckily have small position. gotta decide whether to average down. made a huge return (%-wise, not claiming to be an OT-baller) on LNG so decided to take profits and diversify within the sector. brutality the past few weeks.





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MAUCKjersey1
LSU Fan
Houston Oil and Gas
Member since Aug 2005
1474 posts

re: Shell shit-cans GTL plant in Geismar


quote:

I think it was either this GTL plant or the big ethane cracker up in PA. The cracker won


this. Plus the Pearl GTL Plant they have in Qatar is producing higher than anticipated levels.






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agdoctor
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Louisiana
Member since Dec 2004
1746 posts

re: Shell shit-cans GTL plant in Geismar


Jindal has a scrap book full of announcements and photo ops of big job creating projects throughout the state that never came to fruition.





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brodeo
Citadel Fan
Member since Feb 2013
205 posts

re: Shell shit-cans GTL plant in Geismar


I'd like to see a collage of those





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MAUCKjersey1
LSU Fan
Houston Oil and Gas
Member since Aug 2005
1474 posts

re: Shell shit-cans GTL plant in Geismar


quote:

Jindal has a scrap book full of announcements and photo ops of big job creating projects throughout the state that never came to fruition.



this was not Jindal's fault. Shell decided not to pursue this project at all...happens all the time in big oil






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I B Freeman
Member since Oct 2009
5292 posts

re: Shell shit-cans GTL plant in Geismar


Thank goodness we didn't get that steel mill KBB and Jindal went after. Thyssen has already sold it and the number of jobs it was to produced never got to the numbers the economic development types claimed.

Oh I would have loved to have the facility here but I did want all the welfare KBB and Jindal were proposing for them in out and out subsidies.






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MNCscripper
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Prairieville
Member since Jan 2004
3716 posts

re: Shell shit-cans GTL plant in Geismar


quote:

I think it was either this GTL plant or the big ethane cracker up in PA. The cracker won.


You talking about the Franklin project in the Marcellus shale?

They also have the Carmon Creek project going in Alberta






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sneakytiger
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Member since Oct 2007
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re: Shell shit-cans GTL plant in Geismar


That's the one. They haven't formally committed to it, but I think it's a go. It's absolutely critical infrastructure for the region and if Shell doesn't build it someone else will.





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TheIndulger
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re: Shell shit-cans GTL plant in Geismar


quote:

if Shell is really in trouble.








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MNCscripper
LSU Fan
Prairieville
Member since Jan 2004
3716 posts

re: Shell shit-cans GTL plant in Geismar


quote:

That's the one. They haven't formally committed to it, but I think it's a go. It's absolutely critical infrastructure for the region and if Shell doesn't build it someone else will.


I talked to a buddy of mine last week that works for the technology office for The Americas. That's who told me the GTL project was cancelled and Franklin is a go






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wickowick
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Head of Island
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re: Shell shit-cans GTL plant in Geismar


I saw somewhere that cost on the GTL plant went from 12.5-20 billion. That will make you rethink things also...





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