Skip to comments.We're gonna need a bigger boat: Shell builds floating oil refinery 6x aircraft carrier
Posted on 05/20/2011 3:29:29 PM PDT by Teflonic
It will be the largest floating object in the world - the length of four football pitches and weighing as much as six aircraft carriers.
Shell today announced plans to build a giant floating gas refinery, named the Prelude, in a project that will cost $10billion.
The ship will allow gas extracted by drilling rigs and platforms far out at sea to be transferred to the ship for processing- removing the need for pipe lines to a refinery on land.
It means the company will be able to drill for gas in new fields hundreds of miles from the nearest land and will first be used in the company's Prelude oil field 200km from the coast of West Australia.
The floating refinery is the next logical development for oil companies as new supplies of oil and gas get more remote and demand continues to increase.
(Excerpt) Read more at dailymail.co.uk ...
According to the article, this doesn’t have anything to do with avoiding regulations.
Louisiana could use some of these floating refineries next time the Mississippi floods.
It is implied as land refineries would be much more economical. Not to mention the increased risk to the tankers carrying refined gas rather than crude.
So far, no one has read the article.
Not oil. Natural gas. Although there are likely to be some "heavies" (C2, C3, C4, and sometimes even out to C8, but rarely higher).
Not very economical in the USA, given the recent gigantic finds of shale gas.
I've read in various places that the economics of shale petroleum extraction are prohibitive. On the other hand, I've read that "fracking" is economically feasible, but that it leaves an unstable geology behind. Any thoughts on these issues?
Notice WHERE it’s being built?
Look for the Union label, then run the other way!
The U.S. has also loaned $2.84 billion for upgrades to an oil refinery in Cartagena, Columbia. Because the permitting regulations are so excessively onerous and radical environmentalists keep proposed projects tied up in litigation, there has not been a new major refinery built in the U.S. in 35 years, so increasingly we are forced to not only import crude oil, but refined gasoline, as well.
He could remove Lisa Jackson at the EPA who has turned a “regulatory firehose” on the energy industry and U.S. business according to the Wall Street Journal. In just two years, Jackson has proposed or finalized 29 major regulations and 172 policy rules.
this as regarding crude oil,not natgas...but we get the picture.
The headline is incorrect. It doesn’t refine oil at all.
Fracking has been a common practice in Texas for sixty years.
Whatever you're reading that mentions "unstable geology" is a piece of environmental propaganda BS.
Sorry, there's no other way to put it.
I didn’t read the whole article but seems to me that this is a quicker way for refined gas to get to market from remote places.
And it's not a refinery. It's a floating "gas plant".
Natural gas naturally occurs in oilfields (just as crude oil -- or "distillates" -- occur naturally in gas fields).
Heretofore, that natural gas which was captured by production platforms in oilfields has been flared off -- there being no economically feasible way of storing and transporting the gas to shore.
The "Prelude" solves the economic feasibility issue -- collecting and processing the gas, then trans-shipping the product to a tanker.
It's not "refined gasoline", it is "processed natural gas".
The report is a nest of inaccuracies.
Kind of like floating at the end of a long torch. Scary.
Lots of “pluses” to the concept, not least of which are avoiding some of the more onerous “on shore” environmental regulations imposed upon on-shore refining by the “watermelons”, .......
Not being critical, I’m largely in favor. >PS
Not really. There are, perhaps, a dozen gas plants within thirty miles of where I sit.
Nary a one has lit off...
But that's not to say there isn't some danger involved. Instead, it's to say that the industry's safety standards are appropriately rigorous.
I think you may be confusing oil sands (petroleum) with shale gas. This is the latter. No oil to be extracted.
"On the other hand, I've read that "fracking" is economically feasible, but that it leaves an unstable geology behind. Any thoughts on these issues?"
The amount of rock that is "fractured" is miniscule compared to the total shale mass. Probable effect = zero.
I think this Prelude is going to be built by Honda in Japan.
In a hurry to get a low posting number, perhaps?
Okay, I posted before reading as well. Excuse me while I go back and do it right.
I think Japan is a little busy sprucing up right now.
“A South Korean shipyard is due to start building the vessel using five times more steel than was used to build the Sydney Harbour Bridge. It should be finished in 2017.”
There goes their obscene profits.
I suggested this back in 2008, for just the same reason. IE: put a refinery outside of US waters, and the EPA has no authority.
The ability to relocate a billion dollar refinery if the local land-based government decides to nationalize it is a benefit on any continent these days.
I liken that ship to the Hindenberg! I’ll take your word for it of course, but can you imagine being the guy in charge of safety on that thing?
AT $10 billion I wonder how economic it will be.
It may not be very economical period, if shale extraction technology continues to improve.
It must be a day that ends in an "y" here at FR.
Yes, this probably has something to do with the fact that they are building this in Korea and not the United States. Unions have killed the shipyards aside from government contracts.
I think it’s an effort to read between the lines. Is it to reduce costs or avoid regulation. Probably both, but Shell can’t say it’s to avoid regulations. here’s another one, the NY Times is not always telling the truth. Ahhhh.
If you would like to discuss Floating LNG, or to have a broader discussion about technology and natural gas, please visit Shells online forum where we are currently discussing How can technology help to unlock the worlds gas resources? It would be great to hear your comments.