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re: Shell's renewables boss to leave after CEO strategy shift
Posted on 7/3/23 at 12:11 pm to lostinbr
Posted on 7/3/23 at 12:11 pm to lostinbr
quote:
quote:
Almost 25% percent of USA domestic oil and natural gas come from Louisiana and state waters .
You’re gonna need to cite your sources if you’re making this claim.
I THINK what he/she meant to say is that 25% of all oil & gas consumed in the US passes through Louisiana. I seem to remember some sort of stat a while back, shortly after Katrina, when people “woke up” to the importance of Port Fourchon and the Federal Government was suddenly motivated to help with LA 1 improvements.
However, the person you were replying to obviously doesn’t bother to look up or research anything to be able to make his/her arguments. They just parrot whatever they remember from the Bucket Brigade or Rise St James morons.
1
Posted on 7/3/23 at 12:23 pm to ragincajun03
quote:
I THINK what he/she meant to say is that 25% of all oil & gas consumed in the US passes through Louisiana.
I might actually believe that, once you account for LOOP, offshore production in federal waters, and pipeline/rail movement to LA terminals/refineries. Hell it might be more than 25%.
That being said, based on the wording I find it hard to believe that’s what the poster meant even if that is indeed the actual source of the statistic.
Posted on 7/3/23 at 7:36 pm to notiger1997
quote:
That's kind of a simpleton view. The profit boom that these refiners, etc experienced during the back end of the covid era was less about labor rate decreases and almost all about micro economic factors that were in place. The spreads and set up was unreal.
And they weren't doing any major maintenance/turnarounds or executing new projects, so of course the staffing was at bare minimums. You can't run like that for extended periods of time.
Shell "offered" early retirement to just about everyone over the age of 50 around 15 years ago. They figured they had enough data to replace their experience. It bit them in the behind bigtime within 5 years. Many were called back as consultants, but refused, especially during the huge cost overruns during mega expansion at Motiva Port Arthur. A former contract administrator estimated that overrun to be at a minimum $10 billion and likely double. He refused to get involved in that can of worms when due life was great in retirement.
FTR, everyone lost their arse through 3Q of 2020 in oil and refining.
This post was edited on 7/3/23 at 7:45 pm
Posted on 7/3/23 at 7:41 pm to ragincajun03
quote:
weeks after CEO Wael Sawan scaled back its energy transition plans.
Posted on 7/3/23 at 7:47 pm to Bison
quote:
How is it “common sense” to not invest in renewable natural resources?
You people will be the down fall of our country, you dumbasses are hell bent on crippling this fricking state , letting a international company shell out all of nonrenewable resources , trying to give them taxes breaks of 97 million dollars.
For what?? The fossil fuel giant are not are friends ! Look what happened to colonial Africa after Europe took everything it want : gold, diamonds, ivory. : they were poor, broken and devoid of their once great natural resources.
Huey P Long, had the right idea to taxes the living shite out of Exxon. Almost 25% percent of USA domestic oil and natural gas come from Louisiana and state waters . The fossil fuel giants have been in the pockets of Louisiana politicians for 100 years.
Fossil fuel giants will pack up and leave our states once they have used all our non renewable natural resources, that we didn’t tax them enough to provide for future generations of Louisiana. Why the hell does a billion dollars company need at Tax break from Louisiana? ! We need the money more than they do.
Further, you shun innovation in terms of renewable energy development, and praise stagnation in that field!! Growing up always thought technology, science , innovation were things we strove for and prided our selfs on in American. Now it seems, we have multitude of sheep, only interested in get rich quick schemes instead of bolstering/ enhancing / diversifying/ solidifying the foundation the entergy industry of Louisiana.
Why cheer technological stagnation? How is that common sense?
To me it feels like, shell is the Pimp, and Louisiana is the whore. Shell is using Louisiana, taking most of the money, and will leave Louisiana when it has no more value for it. It will leave broken and poor unless we diversify the energy grid before they pack up and leave . They will leave because the pros out way the cons in terms of renewable energy.
That’s why the Saudi and China are dumping billions into renewable energy: even tho there’s a multitude of oil in Middle East and Russia. It’s a no brainer to want to harness sun and wind. And development that technology. It’s lucrative in the long run. So many short sighted minions in this state.
Incredible. Absolutely incredible.
This post makes Oweo’s worst posts look intelligent and succinct
Posted on 7/3/23 at 9:31 pm to ragincajun03
Renewable diesel (HVO) is vastly superior to traditional biodiesel (FAME) but also a lot more expensive to produce. SAF (sustainable aviation fuel) is the next frontier. Anyone left with significant traditional biodiesel capacity has an obsolete turd on their hands.
Posted on 7/4/23 at 7:27 am to CitizenK
quote:
It bit them in the behind bigtime within 5 years
Every move Shell has made in the US in the last 15 years has bit them big time.
-The decision to influence Motiva to expand Port Arthur by 300KBBL/day instead of 150 at PA and 150 at Convent left PA scrambling to find the regional talent needed to execute the project which went from $6B to $11B to complete. Also, PA has been hampered by hurricanes and other issues.
-Motiva was injecting cash into the US sites in terms of infrastructure to maintain some level of reliability, meanwhile, Shell chose the cheapest route in projects and little to no reliability at Norco and Deer Park.
-Shell deciding to opt out of the JV with Aramco and end Motiva. They fought over Convent and its ~5000 acres with Shell coming out on top, only to shut it down 3 years later.
-Selling off their interests in Deer Park to Pemex in 2020
-Their Beaver Creek ethane cracker and poly plant has lost billions on top of the billions they have invested to build it. Not to mention they have lawsuits filed against them for environmental exceedances.
Their last CEO was all in on whatever the European countries wanted which is why they went from about 20 refineries worldwide down to 5. Their board has commented that they aren't doing enough to combat climate change.
Their problem is they moved too quick to leave the traditional oil business to try to jump to being an electric company with no overlap. What they should have done was break up the company, or, just sold out US assets to Motiva. Saudi had the cash, Shell just had too much pride.
Investors see it, yet the Shell brass cannot.
Posted on 7/4/23 at 9:54 pm to ragincajun03
Shell Oil is an oil company.
Shell Oil is against oil.
We are living in a clown world.
Shell Oil is against oil.
We are living in a clown world.
Posted on 7/4/23 at 10:35 pm to RemyLeBeau
quote:
Selling off their interests in Deer Park to Pemex in 2020
Was this a really bad move? I don’t even remember the financial terms, so I’m just curious.
Lots of good stuff in your post.
Kind of another strange deal where a lot of money was wasted was when Motiva decided to run three pipelines from Convent to Norco with the idea they would send feed to Norco and shut Convents CCU down. It was a costly construction project delayed significantly due to flooding and the spillway opening and such.
Fast forward a few years and Shell is the owner and they decide to reverse the decision and go ahead and take a costly turnaround to keep the Convent CCU running for the future and basically not use the pipelines.
Kind of ties into the point you were making
This post was edited on 7/5/23 at 9:35 am
Posted on 7/5/23 at 7:43 am to Bison
Oh boy. We found one of the Green Energy sheep. More like this administration is a pimp, and people like you are the whores. You really think we should taking fertile farmland to put in solar farms that only generate small amounts per acre, and only 50% of the time at that. And need that strip mined lithium that’s largely possessed by countries that hate the US. How about squeezing all our food into gas tanks? I’d much rather feed it to all our critical protein sources myself.
Ah yes, wind. Using blades that are already filling up landfills and are made from…..petrochemicals. Lubed by…..petrochemicals. And totally quit producing when they got cold last year.
And yes, as far as tax breaks, I’m sure you’re happy with the way JBE totally screwed up the ITEP program. Without those tax incentives, new projects will all end up in Texas, as many already have.
I’m not sure what kind of job you have, or one of the many leeches in society, but a huge percentage of the jobs and ancillary jobs are solely because these industries exist in Louisiana. What are all the Bubba’s going to do to replace all the six figure jobs they are in now?
tl;dr You are an idiot
Ah yes, wind. Using blades that are already filling up landfills and are made from…..petrochemicals. Lubed by…..petrochemicals. And totally quit producing when they got cold last year.
And yes, as far as tax breaks, I’m sure you’re happy with the way JBE totally screwed up the ITEP program. Without those tax incentives, new projects will all end up in Texas, as many already have.
I’m not sure what kind of job you have, or one of the many leeches in society, but a huge percentage of the jobs and ancillary jobs are solely because these industries exist in Louisiana. What are all the Bubba’s going to do to replace all the six figure jobs they are in now?
tl;dr You are an idiot
This post was edited on 7/5/23 at 12:32 pm
Posted on 7/5/23 at 8:07 am to notiger1997
quote:
There isn’t enough money in the world to make a total switch to renewable energy anytime soon.
They want people to suffer by paying stupid high prices for anything energy related. They must want people to starve and/or freeze to death.
They view the Green New Deal as their version of the Great Leap Forward.
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