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Posts from ‘March, 2018’

Shell continues to expand interests west of Shetland

Royal Dutch Shell has continued to build interests on the UK Continental Shelf after buying acreage from Siccar Point Energy.

Shell, which has been building stakes in licences that lie to the northwest of the Shetland Islands, is one of the largest oil and gas producers in the world with operations spanning more than 70 countries and interests including fuel distribution and petrol stations.

Many of the bigger energy groups are focusing their interests on larger North Sea fields while selling holdings in other sites to smaller independent players. read more

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Shell expands operated footprint in Brazil with new deep-water blocks

RIO DE JANEIRO, March 29, 2018 /PRNewswire/ — Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (“Shell”), today won four additional deep-water, exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore Brazil to 18 blocks. In the 15th deep-water bid round organized by the Brazilian National Petroleum Agency (ANP), Shell secured one exploration block on its own and three in joint-bids with Chevron Brazil, Petrobras, and Petrogal Brasil. Of the newly acquired blocks today, Shell will operate two.  read more

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Netherlands outlines plan to stop Groningen gas production by 2030

|By: , SA News Editor

The Dutch government says it will phase out gas production at the Groningen field by 2030 as part of efforts to reduce the danger caused by small but damaging earthquakes.

Production is set for 21.6B cm this year, already down from a peak of 53.8B cm in 2013, and is planned to fall to below 20B cm for the production year beginning October 2018 and to below 17.5B cm for the 2019 year, assuming average temperatures, then to 12B cm in the coming 4-5 years and to zero at the end of the 2020s. read more

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The Sky’s The Limit In Shell’s New Climate Targets Scenario

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Exclusive: Firms complain of contaminated crude from U.S. reserve

In March, Shell complained to the Energy Department after finding high levels of H2S in a cargo the company bought as part of a 6.2 million-barrel purchase from the U.S. government in January…

Catherine Ngai: MARCH 29, 2018 NEW YORK (Reuters) – Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters.

Problems with crude quality would make the U.S. Strategic Petroleum Reserve (SPR) less useful in an emergency because refiners would need to spend time and money removing contamination before producing fuel. The reserve is the world’s largest government stockpile, currently holding 665 million barrels.

Hydrogen sulfide (H2S) occurs naturally in crude and natural gas, but oil producers typically decontaminate such products before delivery to buyers. High levels of H2S can corrode refinery parts and pipelines – and can be lethal to humans in gas form. read more

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Shell gets $3.8 million from state for railroad enhancements

 

Shell Chemicals has received nearly $4 million from the state to help the company perform improvements to a 10-mile stretch of railroad track between Aliquippa and Potter Township.

The money came from the Rail Transportation Assistance Program and the Rail Freight Assistance Program through the state Legislature.

In a news release announcing the money, Gov. Tom Wolf said Shell will receive $3.8 million “to transport construction materials for Shell’s plant and outbound products from the completed plant, which will improve the efficiency of operations and safety.” read more

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Shell Suspects Ex-Executive Committed Crime in Nigeria Deal

A bank account linked to Robinson was frozen by the Attorney-General in Switzerland after requests for legal assistance from the Dutch and Italian authorities, people familiar with the matter said last week. Several hundred million Swiss francs were in the account…

  • Oil giant filed a criminal complaint to Dutch authorities
  • Peter Robinson already facing corruption charges in Italy

Royal Dutch Shell Plc referred a former vice president for sub-Saharan Africa Peter Robinson to the Dutch authorities, suspecting he may have committed crimes related to an asset sale in Nigeria.

The allegations of criminal misconduct by one of its employees come at a difficult time for Shell. Europe’s largest energy company and several former executives, including Robinson, are already facing a criminal trial in Milan over an alleged bribery scheme related to the separate purchase of a Nigerian oil block called OPL 245.  read more

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Shell names former Maersk Oil CEO Watkins as next U.S. boss

Gretchen Watkins, incoming President and U.S. Country Chair, Shell Oil Company

Ron Bousso: MARCH 27, 2018

LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) U.S. boss, Bruce Culpepper, will step down at the end of the year and be replaced by former Maersk Oil Chief Executive Gretchen Watkins, the company said in a statement on Tuesday.

Shell’s head of unconventionals, Greg Guidry, who oversees the Anglo-Dutch company’s shale production in North America and Argentina, will step down on June 31, when he will be replaced by Gretchen.

Watkins will retain her role as head of unconventionals when taking over as Shell U.S. country chair, the company said. read more

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Shell Announces Senior Leadership Changes in North America

Gretchen Watkins, incoming President and U.S. Country Chair, Shell Oil Company

HOUSTON, March 27, 2018 /PRNewswire/ — Royal Dutch Shell (Shell) today announced a series of changes to the makeup of its U.S. leadership team.

Following a 36-year career with the company, EVP Unconventionals, Greg Guidry, will leave his role on June 31, 2018.

Guidry will be succeeded by Gretchen Watkins, former CEO of Maersk Oil. Watkins will officially join Shell on May 1, 2018, and will be appointed EVP Unconventionals effective July 1, 2018. She will report to the Upstream Director and be based in Houston. read more

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Shell outlines radical scenario for world that has cured climate change

|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) today outlined a scenario by 2070 that includes the use of far less oil as cars become electric, development of a major carbon storage industry and a transportation shift toward a reliance on hydrogen as an energy carrier.
  • Shell’s Sky scenario is designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold global warming to “well below” a rise of 2 degrees Celsius above pre-industrial levels; the world’s consumption of oil would rise through 2025 before starting to decline in the 2030s and fall below current levels in 2040.
  • The company stresses that Sky is only a scenario – a possible future dependent upon many assumptions – not a reality that definitely will be realized.
  • read more

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    Shell — yes, that Shell — just outlined a radical scenario for what it would take to halt climate change

    Shell CEO Ben van Beurden

    March 26, 2018

    Royal Dutch Shell on Monday outlined a scenario in which, by 2070, we would be using far less of the company’s own product — oil — as cars become electric, a massive carbon storage industry develops, and transportation begins a shift toward a reliance on hydrogen as an energy carrier.

    The company’s Sky scenario was designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold the planet’s warming to “well below” a rise of 2 degrees Celsius, or 3.6 degrees Fahrenheit, above preindustrial levels. Shell has said that it supports the Paris agreement. read more

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    FT: Shell likely to face activist challenge to shift away from fossil fuels

    |By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) likely will face a shareholder resolution calling at its May annual meeting for a radical shift away from fossil fuels, highlighting mounting pressure on big oil companies over global warming, Financial Times reports.
  • Shell has gone further than most peers by announcing last November a goal to reduce its carbon footprint by 50% by 2050, but climate activists are disputing its claim that its goal is in line with the Paris agreement.
  • “The ambitions announced by Shell are inconsistent with the Paris agreement, in particular when taking into account expected global energy demand growth,” according to Follow This, the shareholder group that has submitted a resolution calling for more aggressive targets.
  • Activists say Shell’s goal for a 50% reduction actually would be 25% in absolute terms if the company maintains its share of a global energy market that is forecast to grow by 50% by 2050.
  • read more

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    Oil’s Seven Sisters Enter a ‘Golden Age’, Goldman Sachs Says

    The world’s largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs Group Inc. said.

    Big Oil is in a sweet spot with rising oil prices and low operating costs, leaving them with the biggest cash-flow growth in two decades and boosting earnings, Goldman said in a report Monday. That will increase their attraction for investors after years of elevated spending followed by crude’s slump sent their weighting in global equity indexes to a 50-year low, according to the bank.  read more

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    Shell Says Saving Planet Probably Means Sucking CO2 From the Air

    Cutting emissions won’t be enough to keep the planet from warming by more than 2 degrees Celsius: to achieve that goal, according to Royal Dutch Shell Plc, will require sucking carbon dioxide out of the atmosphere.

    A scenario report from the Anglo-Dutch oil major describes a world woefully unprepared to meet the goals set out in the Paris Climate Agreement. Shell says that by 2060, carbon capture and storage must exceed global emissions as the company sets a course for pre-industrial pollution levels. For decades after, such facilities would need to work at breakneck pace to inhale the carbon dioxide spewed by previous generations.  read more

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    UK hydrogen fuel network grows with new pump on M40

    The hydrogen pump at Beaconsfield is the first in Britain to be located ‘under the canopy’ with the fossil fuels CREDIT: ED ROBINSON 

    Ed Wiseman: 

    A new hydrogen pump has been installed at Beaconsfield services on the M40, the second on Britain’s motorway network and the first to be built ‘under the canopy’ at an existing petrol station.

    The machine has been supplied to Shell by Sheffield-based energy company ITM Power. It can be used by motorists to refuell hydrogen fuel cell cars such as the Toyota Mirai, Hyundai Nexo and Honda Clarity. read more

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    Consortium including Shell given £8.8million grant to improve use of hydrogen vehicles

    A consortium including energy giant Shell has won a multi-million pound government grant to improve use of hydrogen vehicles in the UK.

    Written by

    The Department for Transport has awarded £8.8million in funding, with £4.3million going to clean energy firm ITM Power.

    It will use the funds to create four new hydrogen refuelling stations in the UK, and upgrade five existing ones to help support a larger fleet of hydrogen fuel cell electric vehicles.

    ITM Power is joined by Shell, Toyota, Honda and Hyundai in the consortium.

    The government funding will be also be used to create nearly 200 clean energy vehicles which will be used by taxi drivers and the police. read more

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    Shell faces shareholder push on climate change goals

    Activist investors set to challenge energy giant to shift away from fossil fuels

    Shell is expected to face a shareholder resolution calling at its annual meeting in May for a radical shift away from fossil fuels, highlighting mounting pressure on the world’s largest oil and gas companies over their contributions to global warming. The Anglo-Dutch group has gone further than most peers by announcing an “ambition” last November to reduce its carbon footprint by 50 per cent by 2050… FULL FT ARTICLE read more

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    Shell could take on Big Six under own brand

    James Booth: Sunday 25 March 2018 1:37pm 

    Energy giant Shell could move to take on the “Big Six” domestic energy suppliers in the UK under its own brand.

    The company confirmed that using the “Shell” brand for its new domestic supply operations was one of the options currently being examined.

    Shell acquired residential energy supplier First Utility last month in a deal thought to be worth £200m.

    First Utility already operates in the German household energy market under Shell’s brand via a licensing agreement signed in 2015.

    First Utility, which serves around 825,000 homes in the UK, is now a subsidiary of Shell within its new energies division. read more

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    Shell takes on British Gas in battle to supply power to homes

    The oil giant is considering using its own branding after its acquisition of energy supplier First Utility: ALAMY

    Shell is considering using its own brand to challenge British Gas in the battle for domestic power customers.

    After its acquisition last year of electricity and gas supplier First Utility, the oil giant is considering putting its own name over the door.

    John Abbott, who runs the FTSE 100 giant’s downstream business, said: “That’s clearly an option we have. We’ll consider it.”

    The move would mark an escalation in Shell’s battle to lure customers from the big six energy suppliers. read more

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    How to take the oil out of Shell

    The Anglo-Dutch energy giant is preparing for a world where its main product is much less in demand

    Despite Shell’s move towards renewable energy, oil will continue to grease its wheels for years to come: ILLUSTRATION: HAYLEY DALRYMPLE

    Ben van Beurden, a three-decade veteran of the oil industry, did something that went completely against the grain. Last year the chief executive of Royal Dutch Shell traded in his diesel-guzzling car — these days he motors around the Hague in a plug-in Mercedes-Benz S500.

    His switch to a hybrid vehicle encapsulates the quandary facing Britain’s largest listed company: the future may be electric, but oil is the mainstay of Shell’s £200bn empire and will continue to sustain its vast profits for years to come. read more

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    Shell to sell West Qurna 1 oilfield stake to Japan’s Itochu for $406 million

    Reuters Staff: MARCH 23, 2018

    (Reuters) – Oil major Royal Dutch Shell on Friday agreed to sell its entire stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu Corp for $406 million.

    The deal comes shortly after the Anglo-Dutch company agreed to exit the Majnoon oilfield, one of the largest fields in OPEC member Iraq, and hand over its operation to state-run Basra Oil Co (BOC) by end-June. 

    Shell EP Middle East Holdings B.V. will sell the entire share capital of Shell Iraq B.V. (SIBV), which holds a 19.6 percent stake in the oilfield to a unit of Itochu, the Anglo Dutch company said. read more

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    In court, Big Oil rejected climate denial

    In a California court case this week, Judge William Alsup asked the two sides to provide him a climate science tutorial. The plaintiffs are the coastal cities of San Francisco and Oakland. They’re suing five major oil companies (Chevron, ExxonMobil, Shell, ConocoPhillips and BP) to pay for the cities’ costs to cope with the sea level rise caused by global warming. FULL ARTICLE

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    All this massive LNG project needs is the thumbs up from its owners to snap Canada’s energy losing streak

    Four and a half years after moving to Vancouver to ready the massive LNG Canada project for a final investment decision, or FID, Andy Calitz likens the state of the mega-energy venture to that of a peak-performance Olympic athlete in the final seconds of a gold-medal race.

    It’s beating competitors at that point that makes the difference between winning and losing, said the Royal Dutch Shell PLC executive, one of the world’s top guns in LNG development.

    It’s a good thing, then, that after a tortuous seven-year struggle to find a way to deliver Canadian LNG at the lowest possible price to Asia, the South African engineer is feeling optimistic about building an LNG export terminal in Kitimat, B.C. read more

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    B.C. announces rebates for LNG projects in big boost to Shell’s $40B project

    A model at the LNG Canada offices in Kitimat, B.C., shows the proposed liquified natural gas liquification plant and marine terminal. ROBIN ROWLAND/THE CANADIAN PRESS FILES 

    March 22, 2018 | Last Updated: March 22, 2018 1:46 PM MDT

    VICTORIA — British Columbia is offering new conditions and rebates for liquefied natural gas projects in the province.

    Premier John Horgan made the announcement Thursday ahead of a final investment decision on LNG Canada’s $40-billion project, which would include a natural gas pipeline built from northeast B.C. to a new terminal in Kitimat.

    “Potential opportunity is extraordinary. Potential risks are significant,” Horgan said. “I believe LNG Canada is working diligently to address those risks and I believe it’s the responsibility of the government to make sure we’re working to develop those opportunities for all British Columbians.” read more

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    Nigeria: Oil Communities Storm NASS, Protest Against Land Re-Acquisition Fees By Shell

    Nigeria: Oil Communities Storm NASS, Protest Against Land Re-Acquisition Fees By Shell

    21 March 2018

    Abuja — OIL Producing Communities under the aegis of Landlords of Shell Oil Producing Communities of Niger Delta, yesterday, stormed the National Assembly, protesting the non-payment of land owners by an oil company, Shell Petroleum Development Company, SPDC.

    The protesters who besieged the main gate of the National Assembly Complex in Abuja yesterday, decried the discriminatory payment for land re-acquisition and rentals for land by the oil company, just as they accused the company of divide and rule. read more

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    Shell joins effort to electrify services at petrol stations

    Sky’s Ian King explains a change in attitudes among oil majors to the petrol station forecourts carrying their brands.

    Wednesday 21 March 2018

    Ever wonder what happened to all the petrol stations in Britain?

    It’s no secret that the number has fallen substantially during recent years, with just over one in three petrol stations closing since the beginning of the century.

    At the end of November last year, according to the Petrol Retailers Association, the UK was down to 8,407 sites, just over half of which trade under the BP, Shell, Esso and Texaco brands.

    Going further back, the numbers are even more stark. Since 1970, three-quarters of petrol stations have shut. read more

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    Auction of Oil Drilling Tracts in Gulf Draws Tepid Interest

    HOUSTON — In a setback to Trump administration efforts to increase offshore oil production, the industry responded with only modest interest on Wednesday in a federal auction covering a record 77 million acres in the Gulf of Mexico.

    Companies bid on only 1 percent of the acreage, and the winning bids yielded a mere $125 million for the government.

    The results reflected broad uncertainty among oil executives that global oil prices can remain at current levels over $60 a barrel, as well as a general preference for drilling in onshore shale fields that require smaller investments and are less risky. read more

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    Shell Mulls 15-Year Deal for Israeli, Cypriot Gas, Partner Says

    Yaacov Benmeleh: 21 March 2018: Updated 22 March 2018

    (Bloomberg) — Royal Dutch Shell Plc is weighing a 15-year contract to buy natural gas for its liquefied natural gas plant in Egypt from offshore fields in Cyprus and Israel.

    Shell is in talks to purchase 6 billion cubic meters of natural gas a year from the Aphrodite field, located in Cypriot waters, according to Delek Drilling LP’s annual report Wednesday. A potential deal also could include gas from the neighboring Leviathan reservoir, Israel’s largest pool, which is expected to start production by the end of 2019. read more

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    U.S. judge to question Big Oil on climate change

    David Levine: 21 MARCH 2018

    SAN FRANCISCO (Reuters) – Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in global warming.

    The cities of San Francisco and Oakland, California sued Chevron Corp (CVX.N), Exxon Mobil Corp (XOM.N), ConocoPhillips (COP.N), Royal Dutch Shell PLC (RDSa.L), and BP PLC (BP.L) last year, seeking an abatement fund to help the cities address flooding they say is a result of climate change. read more

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    Shell expects chemicals business to earn up to $4 billion annually by 2025

    Royal Dutch Shell expects its chemicals division to earn between $3.5 billion to $4 billion annually by 2025, and Beaver County’s ethane cracker plant will likely play a role in that.

    Shell executives made those remarks Wednesday during an open house for investors. The event was designed to highlight the gains being made in Shell’s many downstream businesses, which includes the chemicals sector.

    The company, which is in the midst of building a $6 billion cracker plant in Potter Township, has repeatedly maintained its Beaver County project will be ready for production sometime early in the next decade. read more

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    Shell sees downstream annual organic free cash flow of $6-$7 bln by 2020

    Shell sees downstream annual organic free cash flow of $6-$7 bln by 2020

    Reuters Staff: MARCH 21, 2018

    March 21 (Reuters) – Oil major Royal Dutch Shell on Wednesday reiterated its expectation to generate $6 billion to $7 billion annual organic free cash flow by 2020 for its downstream business. 

    The business, including refining, trading, marketing and chemicals has proved its importance during the oil industry’s downturn since 2014, providing the bulk of Shell’s profits as the price of crude collapsed.

    Shell has in recent years transformed its downstream business by selling some plants and upgrading others, helping the company ride out oil price fluctuations and shifts in demand and deliver double-digit returns on capital employed. read more

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    UPDATE 2-Mubadala advances $1 bln Malaysia Pegaga gas field project

    UPDATE 2-Mubadala advances $1 bln Malaysia Pegaga gas field project

    Reuters Staff: MARCH 21, 2018

    KUALA LUMPUR, March 21 (Reuters) – Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia’s Pegaga gas field, aiming to produce gas by the third quarter of 2021, Abu Dhabi-based Mubadala said on Wednesday.

    The project in Block SK320, located in the Central Luconia province, offshore the East Malaysian state of Sarawak, will now proceed to the construction and installation stage, the company said in a statement. read more

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    Judge Holds Climate Change Class in Suits Against Big Oil

    A federal judge presiding over lawsuits accusing big oil companies of lying about global warming is turning his courtroom into a classroom in what could be the first court hearing to study the science of climate change.

    March 21, 2018, at 2:35 a.m.

    FILE – In this Feb. 28, 2018 file photo, students rally for clean energy in front of San Francisco City Hall. A federal judge presiding over lawsuits accusing big oil companies of lying about global warming is turning his courtroom into a classroom. U.S. District Judge William Alsup has asked lawyers for two California cities and five of the world’s largest oil and gas companies to come to court on Wednesday, March 21, 2018 to present “the best science now available on global warming.” (AP Photo/Jeff Chiu, File) The Associated Press read more

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    Shell bets on petrol stations as electric revolution looms

    Ron Bousso: MARCH 21, 2018

    LONDON (Reuters) – Royal Dutch Shell is placing a big bet on petrol stations and convenience stores in China, India and Mexico as it looks to shore up profits during the electric car revolution.

    By 2025, the oil and gas giant plans to grow its global network of roadside stations by nearly a quarter to 55,000, targeting 40 million daily customers, Shell said in a statement on Wednesday.

    It will add another 5,000 convenience stores selling coffee and snacks, with growth focused on rapidly growing economies in emerging markets.  read more

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    Giant Oil Trader With No Women in Top Jobs Says Change Must Come

    U.K. figures on gender pay gaps show that female employees at Royal Dutch Shell Plc’s trading unit earn 62 percent less in bonuses than male colleagues.

    Commodity houses must do more to get women into top jobs, according to Vitol Group, the biggest independent oil trader, and a firm that like others in the industry staffs its leadership committee entirely with men.

    “We accept that it’s not good enough,” Chairman Ian Taylor said in an interview in Lausanne, Switzerland. “It’s an industry problem.”

    There are no women on the executive leadership committees of Vitol, Glencore Plc or Trafigura Group Ltd., the three biggest independent oil traders and two biggest metals traders. Bloomberg News reported this week that of the top 40 commodity trading houses, only 4.2 percent of such jobs are held by women. read more

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    Chevron Says Climate Change Lawsuit `Not Viable’ As It Prepares To Educate Judge On Science

    Daniel Fisher: Writer and communications consultant and former senior editor with Forbes magazine; 21 March 2018

    Five of the world’s largest oil and gas producers have filed a motion to dismiss a climate change lawsuit against them by the cities of Oakland and San Francisco even as they prepare to deliver an unusual “tutorial” on climate science to the federal judge overseeing the case.

    In a 45-page filing on Tuesday, Chevron, BP, ConocoPhillips, ExxonMobil and Royal Dutch Shell urged U.S. District Judge William Alsup to dismiss the lawsuit seeking billions of dollars to pay for costs associated with global warming. The oil companies argue the U.S. Supreme Court and the U.S. Court of Appeals for the Ninth Circuit have repeatedly rejected similar lawsuits against oil companies, the auto industry and electric utilities because Congress has given authority to regulate CO2 emissions exclusively to the Environmental Protection Agency. read more

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    Why buy an electric car? — when you can wash away your carbon footprint at the gas station

    Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. NATIONAL POST

    CALGARY – You could soon be able to wash away your carbon footprint at your gas station.

    Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. The initiative could come to Canada soon, as the company plans to roll it out to the general public. read more

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    Shell interested in fresh natural gas projects in Brazil: executive

    Reuters Staff: MARCH 20, 2018

    RIO DE JANEIRO (Reuters) – Anglo-American oil giant Royal Dutch Shell is interested in new natural gas projects in Brazil, the company’s chief executive for Brazil said at an event in Rio de Janeiro on Tuesday.

    “We are interested. Natural gas is strategic for the company,” Andre Araujo said.

    Reporting by Marta Nogueira

    SOURCE

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    Polish Foreign Ministry to Advise Germany Against Nord Stream 2 After Salisbury

    Sputniik International (Russian Publisher) 19 March 2018

    WARSAW (Sputnik) – Poland will try to convince Germany to reconsider the Nord Stream 2 pipeline in the wake of the nerve agent attack on former Russian intelligence officer Skripal in London, Polish Secretary of State for European Affairs Konrad Szymanski said Monday.

    “[Nord Stream 2] will surely be the most important issue of the talks, because after Salisbury we have a new situation. It is, beyond doubt, one of the aspects of Russian policy regarding Europe, not regarding the UK. And we should consider once again whether Russia is a trustworthy partner… Nord Stream 2 carries only negative consequences, but Germany is an independent state as much as Poland,” Szymanski told RMF FM radio. read more

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    Royal Dutch Shell Management Presents Its “World-Class Investment Case”

    Management thinks the things it has done in recent years will set it up to deliver huge returns for shareholders.

    Tyler Crowe (TMFDirtyBirdMar 19, 2018  It’s hard for a $250-billion-plus business to change its stripes, but Royal Dutch Shell’s(NYSE:RDS-A) (NYSE:RDS-B) has done a rather incredible job over the past few years transforming the company into one of the most compelling investments in the integrated oil and gas industry.Now that Shell has weathered the storm of low oil prices and is back to generating returns, management has plans both within and without the oil industry to preserve what it calls a “world-class investment case.” Here are several quotes from the company’s most recent earnings conference call that highlight some of the efforts Shell is taking to both grow the business and make the stock a better investment.

    Diversifying the business away from oil

    One thing that is becoming a larger fixture of every investor conference call for Shell and other big oil companies is touting one’s alternative energy strategy. Shell is around the middle of the pack when it comes to shifting away from oil and gas, but CEO Ben van Beurden was quick to point out some of the investments the company made recently as well as the framework for its alternative investment strategy.

    So we expect our capital investment in New Energies to be $1 billion to $2 billion on average per year until the end of the decade. But as it is dependent on both organic and inorganic investment opportunities, this might be a little bit more or a little bit less depending on the year. But that’s, of course, without changing the overall group capital investment budget for that year. read more

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    Gazprom and Shell review progress of joint LNG projects

    Published by Will Owen, Editorial Assistant Monday 19 March 2018

    Shell and Gazprom representatives have held a working meeting in St Petersburg to discuss the state and prospects of their strategic cooperation in the gas sector.

    Alexey Miller, Chairman of the Gazprom Management Committee, led the Gazprom delegation; and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, and his associates represented Shell.

    During the meeting, particular attention was paid to joint efforts in the LNG industry, especially the construction of the third train of the LNG plant within the Sakhalin II project. read more

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    Royal Dutch Shell Is Making The Right Moves At The Right Time

    Summary

    • Shell declared an income of $13.4 billion compared to $4.8 billion in 2016.
    • Merger with BG was a game-changer for Shell.
    • Shell has now positioned itself as an energy company that is ready to embrace new challenges.

    Headquartered in the Hague, Netherlands, Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has established itself as one of the most prominent oil and gas companies in the world. Although the last few years have been tough for the energy giant, Royal Dutch Shell has now started making the right moves, which will reap benefits in near future.

    In its recently published Annual report for 2017, Shell declared an income of $13.4 billion compared to $4.8 billion in 2016. Although it must be noted that high oil and natural gas prices contributed to this yearly gain, a year-on-year increase of 279% is commendable. read more

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    Lithium Seen as Lifeline for Oil Majors in Clean Energy Future

    Lithium could be a lifeline for oil majors as the energy industry shifts toward lower-polluting alternatives to fossil fuels, said Jeff McDermott of Greentech Capital Advisors LLC.

    “Their specialty is resource extraction,” McDermott, managing partner of the New York-based boutique investment bank advising energy companies and investors, said in an interview in London. “They should buy lithium miners, get involved in the upstream of core battery technology.”

    This suggestion marks out one solution to the existential question some of the world’s biggest energy companies are facing about how to survive as governments clamp down on the fuels they produce. As the curbs on carbon emissions tighten, a key issue for fossil fuel producers are how much oil and gas demand is at risk. read more

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    Selection of Shell related news stories 16 March 2018

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Nigeria: Lessons From UK Court’s Judgment On Niger Delta Oil Spills

    By Ejiofor Alike: 13 March 2018

    The recent judgment by the UK Appeal Court on the dispute between Shell and two Niger Delta communities underscores the need for people of the environmentally-polluted region to seek redress in disputes that do not require international arbitration within Nigeria’s judicial system.

    Some communities in the Niger Delta and other interest groups in the region have expressed frustration with the recent judgment of the Court of Appeal in London, which ruled that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills in Nigeria’s Delta region. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Risks Losing Gas Race as Rival Targets Shared Resource

    After a decade planning the world’s largest floating gas export plant, Royal Dutch Shell Plc’s supplies could get tapped by a competitor first.

    Shell and Japan’s Inpex Corp. are both targeting gas from a connected reservoir in Australia’s remote Browse Basin, about 200 kilometers (125 miles) off its northwest coast, according to consultant Wood Mackenzie Ltd.Meeting its planned start up date this month would give Inpex’s Ichthys LNG project an edge over Shell’s Prelude LNG.

    “The difference between Prelude starting six months before versus six months after Ichthys could be a few percent of their reservoir stake,” Wood Mackenzie analyst Saul Kavonic said in an email. “That is a material amount.” read more

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    Russia gains gas foothold in UK as relations deteriorate

    , Energy Markets Editor: 14 MARCH 2018

    Half of Britain’s imports of liquefied natural gas so far this year have come from Russia… Two of the shipments have been brought to the UK by Malaysia’s Petronas… The other was brought in by Royal Dutch Shell earlier this month… FULL ARTICLE

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    WSJ: Shell in talks on $30B gas supply deal for its Egypt facility

    Mar. 13, 2018 5:54 PM ET|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) is in talks over a 15-year deal worth up to $30B to buy natural gas from offshore Israeli and Cypriot fields, liquefy it in Egypt and then transport it to Europe and beyond, WSJ reports.
  • The potential deal is the latest evidence that the eastern Mediterranean Sea’s extensive reserves of natural gas may be nearing the reach of the world’s big oil companies; gas reserves in the waters off Israel, Cyprus and Egypt total an estimated 125T cf, according to energy consultant Wood Mackenzie.
  • U.S. diplomacy has worked for years to try to knit together the economies of once-hostile nations such as Israel, Egypt and Jordan, and developing the eastern Mediterranean as a natural gas hub to lessen Europe’s dependence on Russian energy; a breakthrough occurred last month when Noble Energy and its partners signed a $15B deal to supply gas from two Israeli gas fields to an Egyptian firm.
  • read more

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    Despite Alberta’s warnings, oil majors Shell and BP are falling in love with carbon capture technology all over again

    Geoffrey Morgan: March 13, 2018

    HOUSTON — Major oil companies Royal Dutch Shell Plc and BP Plc are taking another hard look at carbon capture storage much to the alarm of Alberta which sank more than a billion dollars in the technology but was heavily criticized for pursuing an expensive method to rein in carbon emissions.

    “I’m fairly surprised,” Alberta Energy Minister Marg McCuaig-Boyd said of the widespread enthusiastic touting of CCS investments at CERA Week, an important Houston energy conference organized by IHS Markit at the beginning of March. read more

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    BSEE: Burial of Subsea Well Led to Oil Spill

    BY MAREX 2018-03-09 20:02:00

    The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has released its final report on the 2016 leak at Shell’s Glider field in the Gulf of Mexico, which resulted in the release of an estimated 80,000 gallons of oil.

    The leak resulted from a fracture in a load limiting joint on the field’s well #4 jumper. The load limiting joint is a pipe fitting that is designed to fail in a known manner when placed under excessive stress, thereby preventing damage to complex, hard-to-repair parts of the subsea production system. read more

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