Can Royal Dutch Shell plc's Innovation Save the Oil Industry Billions?
Big Oil needs to stop complaining about all the money they spend on exploration and development, because a large part of it is their fault. The entire industry spends billions on individual projects with unique designs that cannot be replicated at other projects, and they all try to take on huge projects all at once. Yet there is one investment Royal Dutch Shell has made that might help alleviate this problem: floating LNG liquefaction facilities.
By eschewing the traditional method of developing an LNG terminal on land, Shell has potentially opened the door to save the industry billions through standardized designs, smaller-scale projects implemented in stages, and mobility. Find out how Floating LNG makes these elements possible and why other big players like Chevron and Total should follow Shell's lead on these types of projects.
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The article Can Royal Dutch Shell plc's Innovation Save the Oil Industry Billions? originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter, @TylerCroweFool. The Motley Fool recommends Chevron and Total SA (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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