By John Donovan
The comments below are from a Motley Fool article that draws attention to the fact that Shell’s Prelude FLNG project represents a bet “on an epic scale.” The author is right. The project is an uninsured, uninsurable risk, which like Shell’s Alaskan ambitions, could potentially destroy Shell.
As to the likelihood of the project being “on schedule and on budget,” we know Shell’s atrocious “misfires” track record on that score e.g. the Corrib Gas project in Ireland: 13 years behind schedule and four times over budget. And “Cash All Gone” (Kashagan), another white elephant.
Perhaps if Shell has managed to obtain any contingency risk insurance for Prelude, it will kindly let me know.
Extract from an article by Adam Galas published 18 April 2014 by The Motley Fool under the headline: “Why Dividend Growth Investors Should Avoid Royal Dutch Shell and Total”
Royal Dutch Shell is attempting to forge a comeback after several years of misfires. An example of this was the $5 billion spent at Beaufort, Alaska. After eight years (with no oil production), the company abandoned the project. Now a new CEO, Ben van Beurden, is at the helm and determined to steer a better course.
The company is planning on selling $15 billion in assets between 2014-2015 and focusing on LNG exports and offshore drilling. This includes the construction of the largest ship in history, the Prelude, to act as a floating LNG liquefaction and tanker loading terminal. The estimated cost is 20% lower than land-based LNG export facilities, assuming the project can be accomplished on schedule and on budget.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
