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Posts on ‘September 1st, 2017’

Is it game over for BP plc and Royal Dutch Shell plc?

By  1 Sep 2017, 18:12 Do you drive an electric car? For most of you the answer will be a resounding NO. Do you think more people should drive electric vehicles to help protect the environment? I’m guessing the answer will be an emphatic YES. And therein lies the problem.

The end is nigh?

I’m sure most drivers stuck on the world’s largest car park, the M25, would agree that more people should use public transport. But few are prepared to make the change themselves. I think by now you’re probably getting my point. Most of us want to live in a better world, but we look to others to make the necessary sacrifices.

It’s for this reason that I don’t believe the end is nigh for fossil fuels. That really matters to companies like  and Royal Dutch Shell. In fact I’ve been listening to experts harping on about the end of our reliance on fossil fuels ever since I was a child. And believe me, that was a very long time ago. read more

Shell says no major damage to Perdido platform after Harvey

SEPTEMBER 1, 2017 / 7:01 PM

NEW YORK (Reuters) – Royal Dutch Shell (RDSa.L) said on Friday that early inspections show there was no major damage to its Perdido platform in the U.S. Gulf of Mexico after storm Harvey.

It added that crews are continuing to arrive on to Perdido to perform inspections and check operating systems to prepare for a restart. 

Reporting by Catherine Ngai; Editing by Chizu Nomiyama

SOURCE

Shell to build world’s largest hydrogen plant of its kind in Germany

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The project, with ITM Power, will take shape at the Wesseling site of the Rhineland refinery.

With a capacity of ten megawatts, it would be the largest plant of its kind in Germany and the largest PEM (polymer electrolyte membrane) electrolysis in the world.

In addition to the production of hydrogen, the technology could also contribute to the stabilization of the electricity grid with an increasing share of irregularly available renewable energies in the energy mix. read more

What You Missed in Royal Dutch Shell plc’s Quarterly Report

Global energy giant Royal Dutch Shell hinted at how one number, over time, could change the future of the company

Reuben Gregg Brewer: (TMFReubenGBrewer): Sep 1, 2017 at 9:16AM Royal Dutch Shell plc (NYSE:RDS-A) (NYSE:RDS-B) is one of the world’s largest integrated oil majors. It competes with the likes of ExxonMobil, Chevron, and Total. It recently doubled down on the energy business with a $50 billion acquisition. But while it’s working to pay off the debt it took on to get that deal done, CEO Ben van Beurden made an interesting statement about the future that you may have missed in the numbers of Shell’s quarterly report.

What Shell looks like now

There’s no question about how Royal Dutch Shell makes money. It is one of the world’s largest oil and natural gas drillers, with a large footprint in liquified natural gas. Oil and gas have been the driving force, broadly speaking, throughout all of the company’s over 100-years of existence. Investor questions generally focus on what management is doing to support and grow its core operations.

In the first half of the year that included capital spending of roughly $11.5 billion. The goal for the year is for capital spending of between $25 and $30 billion. Right now management expects to be toward the low-end of that range. That range, meanwhile, is the goal every year from now until 2020. read more

Malcolm Brinded: President of the Energy Institute

1 Sept 2017

Malcolm Brinded CBE FREng FEI is President of the Energy Institute, the professional body working to equip energy professionals and wider society with the knowledge, skills and good practice needed to build a safe, secure and sustainable energy system.

His career spans 38 years at Royal Dutch Shell, including a decade on the main board as Executive Director for Upstream International and for Global Exploration and Production. He was previously Managing Director for Royal Dutch Shell and Shell UK Chairman and remains a trustee of the Shell Foundation. read more

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