Shell opts out of US Gulf Coast GTL project

Royal Dutch Shell PLC reported that it will not move ahead with a proposed 140,000 b/d Gulf Coast gas-to-liquids project in Louisiana and will suspend any further work.

Shell in September had set its sights on Louisiana for the proposed $12.5 billion, world-class facility (OGJ Online, Sept. 24, 2013).

Shell, an industry leader in GTL technology, said it “carefully evaluated a number of development options for GTL on the US Gulf Coast, using natural gas feedstocks.” It said, “Despite the ample supplies of natural gas in the area, the company has taken the decision that GTL is not a viable option for Shell in North America, at this time, due to the likely development cost of such a project, uncertainties on long-term oil and gas prices and differentials, and Shell’s strict capital discipline.”

Related Articles

PKN Orlen lets contract for olefins plant in Poland

08/21/2014 Polski Koncern Naftowy SA (PKN Orlen) has let a contract to CB&I, Houston, for the license and engineering design of a metathesis plant for the...

Canadian firms plan BC gas plant, target LNG export

08/19/2014 AltaGas Ltd. and Painted Pony Petroleum Ltd., both of Calgary, have agreed to develop processing and marketing of natural gas and NGLs for Painted ...

NRL lets contract for Karachi refining complex

08/19/2014 Pakistan’s National Refinery Ltd. (NRL) has let a contract to China National Chemical Engineering Corp. Ltd. (CNCEC) for work related to the upgrad...

CSB releases incident report for Tesoro’s Martinez refinery

08/18/2014 Loose pipe fittings are to blame for a sulfuric acid release that seriously injured two workers in early February at the alkylation unit of Tesoro ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected