Shell, Chevron Improve Australian LNG Competitiveness with Technology

Shell, Chevron Improve Australian LNG Competitiveness with Technology
In Australia's high-cost environment Chevron and Shell are focusing on technological developments to keep their LNG projects competitive on a global scale.

Leading energy developers, Chevron Corp. and Royal Dutch Shell plc, have urged Western Australia to continue to develop as a hub for technology to improve its competitiveness in the global liquefied natural gas (LNG) industry.

With Australia forecast to become the world’s leading exporter of LNG by 2020, Shell and Chevron have established a strong presence in Western Australia and its capital city, Perth, as they develop projects offshore the state’s northwest.

Prelude FLNG Factbox
  • Facility deck is longer than 4 soccer fields

  • 175 Olympic-sized swimming pools could hold same amount of liquid as the facility's storage tanks

  • 6,700 horsepower thrusters will be used to position the facility

  • The turret is 305 feet tall and runs through the facility, secured to the seabed by mooring lines

  • Prelude FLNG facility will stay at the location for 20-25 years to develop the gas fields

Source: Shell

The two companies, which both hold leading stakes in the Gorgon LNG development within their Western Australia portfolios, have focused on utilizing technologies to help provide a competitive edge on the projects.

For Shell this will involve the world’s first use of the floating LNG (FLNG) technology at its Prelude project, while Chevron has continued to invest heavily at its Perth Global Technology Centre, which was established by the company in 2007.

Chevron Sees Key Role for Perth Global Technology Center

Speaking at the Australasian Oil & Gas (AOG) Exhibition & Conference in Perth March 11, Richard Hinkley, Chevron’s manager of the technology centre, said with developments in Western Australia at risk competitively, due to factors including a high cost environment, it was an opportune time to be innovative through technology.

“There is a genuine opportunity for technology to help us find ways to do things more effectively, smarter and to drive down costs. It is going to take collaboration,” Hinkley explained.

“Our priority is to create global solutions, locally, and we can see this as a competitive advantage.”


View Full Article


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Sales - Industrial Automation & Control Systems
Expertise: Sales
Location: Seattle, WA
SXL - Senior Counsel, Corporate Finance & Securities
Expertise: Accounting
Location: Newtown Square, PA
Operations Supervisor - Hobbs, NM Job
Expertise: Asset Management|Operations Management|Refinery / Plant Operations Supervisor
Location: Hobbs, NM
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours