menu
Posted by
Message
sneakytiger
LSU Fan
Member since Oct 2007
1655 posts

Shell shit-cans GTL plant in Geismar

LINK

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



kingbob
LSU Fan
Sorrento, LA
Member since Nov 2010
23858 posts

re: Shell shit-cans GTL plant in Geismar


Coeur du Tigre
LSU Fan
Waiting for Geauxdeaux.
Member since Nov 2008
411 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.


LSU0358
LSU Fan
Member since Jan 2005
5690 posts

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.


Replies (0)
Replies (0)
notiger1997
Member since May 2009
26052 posts

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.


roguetiger15
LSU Fan
Member since Jan 2013
6035 posts

re: Shell shit-cans GTL plant in Geismar
Shell in trouble?!


Replies (0)
Replies (0)
LSU0358
LSU Fan
Member since Jan 2005
5690 posts

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.


Blakely Bimbo
Alabama Fan
Member since Dec 2010
1183 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.


sneakytiger
LSU Fan
Member since Oct 2007
1655 posts

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.


McLemore
Member since Dec 2003
13823 posts

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.


Replies (0)
Replies (0)
MAUCKjersey1
LSU Fan
Houston Oil and Gas
Member since Aug 2005
1503 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.


Replies (0)
Replies (0)
agdoctor
LSU Fan
Louisiana
Member since Dec 2004
1960 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.


brodeo
Citadel Fan
Member since Feb 2013
1835 posts

re: Shell shit-cans GTL plant in Geismar
I'd like to see a collage of those


MAUCKjersey1
LSU Fan
Houston Oil and Gas
Member since Aug 2005
1503 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


Replies (0)
Replies (0)
I B Freeman
Member since Oct 2009
8479 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.


Replies (0)
Replies (0)
MNCscripper
LSU Fan
Alligator Bayou
Member since Jan 2004
5788 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


sneakytiger
LSU Fan
Member since Oct 2007
1655 posts

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.


TheIndulger
LSU Fan
Member since Sep 2011
13197 posts

re: Shell shit-cans GTL plant in Geismar
quote:

if Shell is really in trouble.




Replies (0)
Replies (0)
MNCscripper
LSU Fan
Alligator Bayou
Member since Jan 2004
5788 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


wickowick
LSU Fan
Head of Island
Member since Dec 2006
27796 posts

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...


first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram