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Posts on ‘August 14th, 2017’

Shell Prepares For A Different Energy Reality

: 14 August 2017

Summary

  • This summer has seen the governments of several of the world’s major economies propose to eliminate internal combustion engine vehicles over the next 10-30 years.
  • At the same time, Royal Dutch Shell announced several major clean energy investments over the summer in anticipation of a drop-off in petroleum demand.
  • This article looks at how Shell’s clean energy investments fit into its energy profile forecasts compared to its peers.

This summer has been filled with the sort of headlines that can give strategic planners in the petroleum & gas sector heartburn. One-upping Germany’s earlier non-binding pledge to ban new internal combustion engine [ICE] vehicles by 2030, the government of France’s new centrist president Emmanuel Macron announced in early July that the country will end sales of ICE vehicles by 2040. This move, which is part of that country’s efforts to comply with its greenhouse gas emission reduction target under 2015’s Paris Climate Agreement, would eliminate gasoline- and diesel-only engines and is aimed at reducing the country’s air pollution as it is at mitigating climate change. Britain intends to do the same by 2050. Even China and India, which have long been posited as important future sources of petroleum demand, are moving to electrify their vehicle fleets: China recently announced that it wants 25% of the country’s vehicles to be “alternative fuel” by 2025, while India is drafting plans to electrify all of its vehicles by 2030. read more

Australia’s $180 bln LNG megaproject boom enters final stretch

Australia’s $180 bln LNG megaproject boom enters final stretch

* Shell, Inpex race to tap gas in adjacent fields

* Ichthys LNG targets first output by March 2018

* Prelude FLNG seen starting between April and July

* Australia on course to 88 mln T/yr LNG export capacity

By Sonali Paul

MELBOURNE, Aug 14 (Reuters) – The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018.

Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest exporter of LNG.

The Ichthys Venturer, a floating production, storage and offloading facility, travelled 5,600 km (3,500 miles) from a South Korean shipyard and will be moored 220 km off Western Australia to handle condensate from the Ichthys field. read more

Shell’s strategic move into electricity

by: Nick Butler: 14 August 2017

The move starts small with a business in the UK that will start trading early next year. Shell will supply the business operations as a first step and it will then expand. But Britain is not the limit — Shell recently announced its intention of making similar sales in the US. Given its reach, Shell could sign contracts to supply all the power needed by the UK’s National Health Service or with the public sector as a whole…

FULL FT ARTICLE  (Free Registration) read more

Protestors occupy Shell plant in Nigeria

Although Shell was forced to quit oil production in the area in 1993, the company still runs a network of pipelines criss-crossing the area

Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday.

“We want Shell to hand over the operations of the flow station to Belema Oil Company because it appreciates our challenges and needs,” community leader Godson Egbelekro told AFP.

Protesters from the Kula and Belema community in Nigeria’s restive southern Rivers state said the community has suffered through decades of poverty and neglect. read more

Nigeria: Belema Communities Occupy Shell Facilities Over ‘Neglect’

Nigeria: Belema Communities Occupy Shell Facilities Over ‘Neglect’

Port Harcourt — Despite the presence of heavily armed soldiers, hundreds of Belema, Ofion-ama and Kula indigenes comprising traditional rulers, women, men and youths have continued to occupy Shell Flow Station located at Belema, Ofionama in Akuku-Torlu Local Government Area of Rivers State.

Shell External Relations General Manager, Igo Weli confirmed that indigenes of Belema had taken over its flow Station at Belema.

Daily Trust checks yesterday revealed that the indigenes of various communities that make up Belema had continued to barricade the flow station with palm leaf and fetish objects. They shut down a major oil facility operated in the area by Shell Petroleum Development Company. read more

Niger Delta Communities In Rivers State Shut Down Shell’s Oil Flow-Station

Niger Delta Communities In Rivers State Shut Down Shell’s Oil Flow-Station

Members of the Belema and Offoin-Ama communities in Rivers State this morning shut down operations by oil giant, Shell, at the Belema flow-station known as OML 25. The flow-station is located within the communities’ land in Kula Kingdom in Akuku Toru local government area of the state.

BY SAHARA REPORTERS, NEW YORK: AUG 12, 2017

Members of the Belema and Offoin-Ama communities in Rivers State this morning shut down operations by oil giant, Shell, at the Belema flow-station known as OML 25. The flow-station is located within the communities’ land in Kula Kingdom in Akuku Toru local government area of the state.

Some 1500 women, youths, and chiefs from the two communities marched down to the flow-station to protest what they described as Shell’s “obnoxious acts” and the underdevelopment of their communities. Raising a familiar complaint by inhabitants of the impoverished swamplands that produce most of Nigeria’s oil, the protesters said they had received no benefits from the region’s oil wealth. They demanded an end to the oil pollution that has ruined much of their land. read more

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