US EditionShell’s Prelude to Disaster: Floating Time Bomb Gets Regulatory Shrug While Transparency Sinks
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Shell’s Prelude to Disaster: Floating Time Bomb Gets Regulatory Shrug While Transparency Sinks
If you’ve ever wondered what happens when a multibillion-dollar floating gas bomb loses power and the regulators simply nod along—look no further than Shell’s Prelude FLNG, the world’s largest offshore floating liquefied natural gas facility, and possibly the most expensive game of Russian roulette ever parked in Australian waters. In December 2021, Shell’s bloated $17 billion Prelude vessel suffered a catastrophic blackout, knocking out critica…
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