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Message
Shell shite-cans GTL plant in Geismar
Posted on 12/6/13 at 1:30 pm
Posted on 12/6/13 at 1:30 pm
LINK
Unfortunate news for the SLA area and hopefully not a harbinger of more to come. SIAP.
Unfortunate news for the SLA area and hopefully not a harbinger of more to come. SIAP.
This post was edited on 12/8/13 at 12:16 am
5
Posted on 12/6/13 at 2:43 pm to sneakytiger
Posted on 12/7/13 at 6:01 am to sneakytiger
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.
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.
Posted on 12/7/13 at 8:26 am to sneakytiger
Unfortunately falling oil prices make these less economical. These make money with a wide split between crude and nat gas prices.
Posted on 12/7/13 at 9:13 am to Coeur du Tigre
quote:
The only way this makes sense is if Shell is really in trouble.
Shell isn't in trouble in anyway.
Posted on 12/7/13 at 9:34 am to notiger1997
Shell in trouble?! 
Posted on 12/7/13 at 9:45 am to notiger1997
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.
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.
Posted on 12/7/13 at 10:13 am to LSU0358
Shell has been cancelling projects lately. I think it has more to do with Where the company thinks the price of energy is headed.
Posted on 12/7/13 at 10:18 am to Blakely Bimbo
I think it was either this GTL plant or the big ethane cracker up in PA. The cracker won.
Posted on 12/7/13 at 11:42 am to kingbob
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.
Posted on 12/7/13 at 11:59 am to sneakytiger
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.
Posted on 12/7/13 at 1:00 pm to sneakytiger
Jindal has a scrap book full of announcements and photo ops of big job creating projects throughout the state that never came to fruition.
Posted on 12/7/13 at 3:06 pm to agdoctor
I'd like to see a collage of those
Posted on 12/7/13 at 3:45 pm to agdoctor
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
Posted on 12/7/13 at 4:03 pm to brodeo
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.
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.
Posted on 12/7/13 at 8:42 pm to sneakytiger
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
Posted on 12/7/13 at 11:47 pm to MNCscripper
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.
Posted on 12/7/13 at 11:54 pm to Coeur du Tigre
quote:
if Shell is really in trouble.
Posted on 12/8/13 at 8:34 am to sneakytiger
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
Posted on 12/8/13 at 10:33 am to MNCscripper
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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