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Posts on ‘August 7th, 2017’

Shell Reports Fire, Unit Shutdown at Norco, La., Facility

December 19th, 2013, Norco Louisiana, A flare from the Shell Refinery illuminates the sky. 

Dow Jones Newswires

Royal Dutch Shell Plc said Monday that a fire over the weekend at its Norco refining and chemicals facility in Louisiana has forced it to shut down a unit.

“There is no timetable for the restart of the unit,” Shell said in an emailed statement, without identifying the specific unit. “Operations are stable. For reasons of commercial confidentiality, we do not provide details about the operational status of individual units or information on supply.” read more

Oil major set to launch electricity supplier in Britain

Anglo-Dutch group applies for licence to supply power in UK

by Tsveta Zikolova 

Monday, 07 Aug 2017, 12:57 BSTRoyal Dutch Shell (LON:RDSA) is to launch an electricity supplier in Britain, The Times has revealed. The move is part of the group’s strategic push into the electricity sector as it adapts to rising global demand for clean energy.

Shell’s share price has advanced today, having added about 0.8 percent in mid-morning trade, and outperforming the benchmark FTSE 100 index which is up about 0.2 percent. The Anglo-Dutch group’s shares have added more than 15 percent to their value over the past year, but have given up a little over two percent in the year-to-date. read more

Shell challenges power giants

Royal Dutch Shell is making a strategic push into the electricity sector and expects to be supplying power to industrial customers next year: ANDREW MILLIGAN/PA

Oil company to supply electricity to British businesses

Royal Dutch Shell is to launch as an electricity supplier in Britain, challenging some of Europe’s biggest utilities. The oil major has applied for a licence to supply power to businesses across Britain and plans to start signing up industrial customers now to provide them with electricity early next year. Shell also will establish a significant business at a stroke by taking over power supply to all 600 sites that it owns in the UK, comprising about 550 petrol stations as well as its offices, terminals and oil and gas platforms. FULL ARTICLE read more

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