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Posts on ‘July 10th, 2017’

Qatar LNG flows unaffected by crisis: Shell

COMMODITIES | Mon Jul 10, 2017 | 9:26am EDT

Qatari exports of liquefied natural gas (LNG) remain stable amid ongoing tension between the world’s biggest LNG exporter and its neighbors, an executive for Royal Dutch Shell said on Monday.

“LNG flows remain stable, cargoes are going into the market,” said Steve Hill, Executive Vice-President for Gas and Energy Marketing and Trading at Shell, one of the world’s biggest LNG traders.

“Qatar is a very credible and competent LNG producer,” Hill said at an industry event in Istanbul. read more

Could Shell cut its dividend for the first time since World War II?

Tom Howard: 15:15 10 Jul 2017

Shell to cut divi for first time since 1930s?

Oil giant Royal Dutch Shell PLC (LON:RDSB) was the first to grab my attention because of its famous divi.

It hasn’t cut its dividend since at least the 1930 but low oil prices, and possibly expectations of a dividend cut, have weighed on the share price in recent months, and it currently has a yield of 7%.

That’s enough to (just) bring it into the bottom of the screen, which would suggest that a cut could be on the cards.

It’s a suggestion that has been mooted by analysts at Citigroup, who recently said that the whole oil industry is “surely going to have to address the high cost of dividends”, with BP PLC (LON:BP.) and Shell having “the biggest questions (to) answer”. read more

Violence and peace in the Niger Delta

Monday, Jul 10, 2017

Disruption has been reduced in the oil-producing Niger Delta but violence continues to simmer and will continue to play a role in Nigerian politics, writes Ed Reed

What: Violence in the Delta has fallen since late 2016.

Why: Militants have secured a seat at the table, at state and federal levels.

What next: A degree of violence will continue but it is unlikely to return to 2016 levels in the near term.

Militancy in the Niger Delta dominated the country’s oil industry in 2016, driven by the Forcados closure, which took its toll on Royal Dutch Shell but also on smaller independents. Various groups played a part but the spotlight was dominated by the Niger Delta Avengers (NDA), driven by a media-savvy campaign. read more

Shell Plans to Spend $1 Billion a Year on Clean Energy by 2020

Royal Dutch Shell Plc plans to spend as much as $1 billion a year on its New Energies division as the transition toward renewable power and electric cars accelerates.

“In some parts of the world we are beginning to see battery electric cars starting to gain consumer acceptance” while wind and solar costs are falling fast, Shell CEO Ben Van Beurden said in a speech in Istanbul on Monday. “All of this is good news for the world and must accelerate,” while still offering opportunities for producers of fossil fuels. read more

Shell No.9 in Top 100 greenhouse gas emitters since 1988

Jon Yeomans: 

The Chinese coal industry and stock market debutant Saudi Aramco have been named as the world’s biggest emitters of carbon dioxide.

As new data claims to have identified the top 100 emitters of greenhouse gases over the last three decades, a leading NGO has warned that natural  resources companies need to transform their business models to adapt to a low-carbon future.

Just 100 firms are responsible for 71pc of carbon dioxide gases released into the atmosphere since 1988, the year that climate change was first recognised as an international problem, according a report by the Carbon Disclosure Project (CDP). read more

Shell Sees Rising Investment in Renewables

ISTANBUL — Royal Dutch Shell will be spending up to $1 billion a year by 2020 on projects within its new energies division, Chief Executive Ben van Beurden told an industry conference on Monday.

Shell set up the division to focus on renewable energy and new technologies to help lower carbon emissions.

“Shell is determined to find solutions and will be spending up to $1 billion (775.49 million pounds) a year on our new energies division by the end of the decade,” van Beurden told the conference. read more

After Iran move, Total seen in pole position to snap up Qatar gas deals

By | DOHA/LONDON:Mon Jul 10, 2017 | 8:13 AM BST

Total is well placed to take a lead role in helping Qatar expand output from the world’s largest gas field, largely thanks to its involvement in the Iranian side of the shared deposit, two sources familiar with Doha’s thinking said.

That puts the French oil major ahead of rivals like Exxon and Shell in the early running for developing the expansion, which the tiny Gulf state announced as it seeks to counter growing isolation caused by a regional diplomatic rift.

Total boss Patrick Pouyanne signed a deal this month to develop the South Pars field, as Iran’s part of the shared reserves are known, becoming the first oil major to return to the country since the lifting of sanctions. read more

Native corporation makes move toward exploring for oil in Arctic Ocean, where Shell failed

Author: : 10 July 2017

A subsidiary of Alaska’s wealthiest regional Native corporation is moving ahead with plans to follow in the footsteps of Shell and explore for oil in the U.S. Arctic Ocean.

The Alaska Native company, ASRC Exploration, is looking to succeed where the Dutch oil giant failed. It’s currently asking federal regulators not to cancel a block of leases once held by Shell in federal waters at Camden Bay about 15 miles off the North Slope coast northwest of the Arctic National Wildlife Refuge. read more

EU energy groups criticise US sanctions threats to Nord Stream pipeline

by: in Paris and in Moscow: 10 July 2017

Engie, Britain’s Royal Dutch Shell, Austria’s OMV and German companies Uniper and Wintershall have agreed to fund half the cost of the €9.5bn Nord Stream 2 pipeline being built by Gazprom between Russia and Germany. Supporters say the project is critical to safeguarding future gas supplies to the EU.

FULL FT ARTICLE

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