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Shell may buy majority stake in solar power firm Fourth Partner Energy

Shell is said to be looking to buy a ‘significant stake’ in Fourth Partner Energy, a rooftop solar power firm, and may even acquire it

Thu, Feb 22 2018. 05 00 AM IST

New Delhi: Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad-based rooftop solar firm Fourth Partner Energy, two people aware of the development said.

Shell is looking to buy a “significant stake” in Fourth Partner Energy, said one of the two people cited above, requesting anonymity. The second person said Shell is looking to acquire a majority in the firm.

Shell’s interest in Fourth Partner Energy comes amid the central government’s ambitious plans to set up 175 gigawatt (GW) of clean energy capacity by 2022. Of this, 40GW is to come from rooftop solar projects. read more

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Shell given EU approval for First Utility acquisition

The European Commission has given its approval for the Shell Petroleum Company (Shell) acquisition of First Utility.

In December, Shell released a statement that said it will buy 100 per cent of independent energy provider, First Utility. It said at the time that the deal was set to complete in early 2018, subject to “regulatory and other approvals”.

The EU Commission said in a statement: “The European Commission has approved, under the EU Merger Regulation, the acquisition of Impello Limited by the Shell Petroleum Company, both of the UK. Impello is an independent energy supplier to household customers in the UK and Germany, active under the brand First Utility.” read more

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Shell’s electrifying prediction

Extracts from FT article by , Energy Editor, published Sunday 18 February 2018:

Oil majors see their chance in staid world of utilities

Maarten Wetselaar, head of Shell’s “new energy” strategy, predicts the proportion of worldwide energy consumption met by electricity would increase from less than 20 per cent today to about half in coming decades. Mr Wetselaar declines to comment on speculation that Shell’s next target could be the Dutch utility Eneco. But he says: “If we’re going to build a power business that is meaningful to Shell — a real fourth pillar alongside oil, gas and chemicals — we will need to do more of these deals.” read more

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First hydrogen station opens in Esslingen, Germany

Norbert Barthle (Parliamentary State Secretary at the Federal Ministry of Transport), Thomas Bystry (Project Manager Shell), Michael Reinhardt (Project Manager Air Liquide) and Sybille Riepe (H2 Mobility) at the opening in Wendlingen

By 15 February 2018

H2 Mobility Deutschland, Shell and Air Liquide today jointly opened the first hydrogen (H2) station in the district of Esslingen – the twelfth in Baden-Württemberg, taking another step towards a nationwide H2 supply network in Germany. read more

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Shell’s Pivot to Renewables Sharpens With California Deal

(Bloomberg) — Royal Dutch Shell Plc, the world’s second-biggest oil company, is expanding its bet on renewable energy.

Shell’s North American unit agreed to provide a credit line for trading and a revolving loan facility to Inspire Energy Holdings LLC, according to a statement Wednesday. The Santa Monica, California-based clean-power, smart-home and energy-management company will use the funds to expand its reach. Terms weren’t disclosed.

While Shell and its major rivals still have the bulk of their investments in oil and natural gas, they are taking steps to diversify. Shell agreed in January to buy a 44 percent stake in Nashville-based Silicon Ranch Corp., which owns and operates about 100 U.S. solar plants. A month earlier, the Anglo-Dutch company bought First Utility Ltd., the U.K.’s seventh-largest power provider. And that followed deals last year for electric-car charging networks in Europe. read more

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Shell’s Hydro-Battery Project Hit With Tribes’ FERC Protest

Law360 (February 14, 2018, 6:12 PM EST) — The Confederated Tribes of the Colville Reservation in Washington filed a protest with the Federal Energy Regulatory Commission on Tuesday, saying it had concerns about the potential impact of Shell’s proposed hydro-battery project on cultural resources and the environment.

The CTCR said the project is proposed…

ACCESS TO FULL ARTICLE SUBJECT TO LAW360 SUBSCRIPTION
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Shell makes another bet on renewables, backs California-based Inspire

|By: , SA News Editor read more

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Inspire and Shell Energy North America Enter Multi-Year Strategic Relationship

Shell Energy will partner with Inspire to accelerate consumer adoption of clean energy, with plans to grow to over one million Inspire members

SANTA MONICA, Calif.Feb. 14, 2018 /PRNewswire/ — Inspire, a consumer technology company focused on enabling everyone to have a smart home powered by clean energy, announced today that it has entered into a multi-year strategic relationship with Shell Energy North America. Under the arrangement, Shell will provide Inspire with a broad range of services to support the company’s aggressive expansion plans over the next several years, including a credit line for trading and a revolving credit facility. Shell’s support will facilitate Inspire’s purchase of clean energy products and accelerate membership growth, with capacity for over one million members. The new arrangement comes on the heels of Shell’s recent commitment to increase its development of new energies, spending up to $2 billion a year until 2020.  read more

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Shell collaborates with Oath to launch next phase of its “Make the Future” campaign

SINGAPORE – Media OutReach – 12 February 2018 – Today, Oath announces a global deal with Mediacom and Shell to take the energy brand’s “Make the Future” campaign into its next phase. The new phase brings the content of its “On Top of the World” music video to life through a crafted WebGL “Globe” activation, created by Oath’s RYOT Studio global solutions team in collaboration with UNIT9: allowing people to explore the five cleaner energy projects featured within the music video through its interactive design. The music video itself features five global artists and celebrates five cleaner energy solutions supported by Shell across four continents that are helping provide access to cleaner energy and support local communities.  This content will reach Oath’s millennial and mobile audiences across five markets (US, UK, Brazil, Singapore, and India) using Tumblr and its Yahoo Gemini and BrightRoll premium video distribution and syndication channels, driving audiences to the interactive “Globe” to explore the content. read more

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Shell takes on Big Six energy giants

Shell said its UK energy would be “significantly organised around solar and wind”CHRISTOPHER FURLONG/GETTY IMAGES

Royal Dutch Shell’s plans to take on the Big Six energy suppliers include buying gas-fired power plants and building wind and solar farms in Britain.

The Anglo-Dutch oil company will use its network of 1,000 petrol stations to market the venture and sign up household and business energy customers, Maarten Wetselaar, an executive director of Shell, said. It aims eventually to offer related services, such as electric car charging in homes. read more

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Don’t believe in climate change? Energy companies do

The leaders of the world’s largest and most powerful energy companies are talking about the fight to mitigate human-caused climate change.

Some are even putting their money where their mouths are.

While some conservative political leaders still deny that the Earth is heating up due to humans burning fossil fuels and releasing greenhouse gases, the people who produce those fuels and chemicals have recognized the imperative to limit global warming to a rise of 2 degrees Celsius. read more

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Exclusive: Dutch energy firm Eneco’s shareholders seek sale to rival – sources

Power-generating windmill turbines are seen at the Eneco Luchterduinen offshore wind farm near Amsterdam, Netherlands September 26, 2017. REUTERS/Yves Herman

Clara DeninaToby SterlingDasha Afanasieva: 8 FEB 2018 LONDON/AMSTERDAM (Reuters) – The owners of Dutch energy firm Eneco oppose a stock market listing and instead want to pursue a private sale of the company to another industry player in coming months, according to two banking sources close to the matter.

Eneco’s shareholders, 53 municipal governments, voted in October to privatize the company. They have not said whether they favored an IPO of part of the firm or an outright sale that would allow them to completely exit a business which was forced to split off its lucrative grid operations last year.

The sources, who estimated Eneco was worth up to 4 billion euros ($4.9 billion), said the owners had decided on the latter option and wanted the sale process to be launched by the summer. read more

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Shell faces struggle over €3bn Eneco deal

The Sunday Telegraph understands that Shell is facing internal divisions over the deal and mounting political opposition.

Royal Dutch Shell has struck a stumbling block in its march into the European power sector over plans to pluck a Dutch utility from public ownership.

The Anglo-Dutch oil major is a front-runner in the €3bn (£2.64bn) race to snap up Eneco from the hands of 53 Dutch municipalities after the decision to privatise the green energy company. 

The group already partners with Eneco on wind power projects in Europe, which could pave the way for its next step into the power market after buying UK energy supplier First Utility for a rumoured £200m. read more

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Shell LNG glut ‘conspicuously absent’: Shell CEO Ben van Beurden

by Angela Macdonald-Smith: Feb 2 2018 at 12:03 PM: Updated Feb 2 2018 at 3:19 PM

Royal Dutch Shell chief executive Ben van Beurden has declared that the energy giant’s confidence in the LNG market has been justified with no sign of the oversupply that others had warned of.

“The LNG glut is conspicuously absent isn’t it, much to the surprise of those that thought this was inevitable,” Mr van Beurden told reporters at Shell’s fourth-quarter results briefing in London. read more

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Shell buying spree cranks up race for clean energy

 

People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj

Ron Bousso, Clara Denina: JANUARY 26, 2018

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint.

The scale of the buying spree pales in comparison to the Anglo-Dutch company’s $25 billion annual spending budget. But its first forays into the solar and retail power sectors for many years shows a growing urgency to develop cleaner energy businesses. read more

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Inside Oil Giant Shell’s Race to Remake Itself For a Low-Price World

“I am tasked,” says the oil major’s top futurist about the existential challenge ahead, “with making sure that shell isn’t a dodo.”-Jeremy Bentham, Shell scenarios leader Jeffrey Ball By JEFFREY BALL 6:30 AM EST

Last March, Royal Dutch Shell said it was selling most of its stake in Canada’s oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling. The oil and gas giant announced that it was unloading its oil-sands assets, for $7.25 billion, so that it could double down on businesses “where we have global scale and a competitive advantage.”

Left unsaid was a deeper reason for the divestiture. Months of deliberations behind closed doors at Shell headquarters in The Hague, Netherlands, had led the top brass at the world’s largest non-state-owned oil company by sales to conclude that the energy industry was changing fundamentally—in a way that could turn the profitable oil-sands operation into a liability. read more

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Shell hires solar chief for Latam -source

Reuters Staff: JANUARY 22, 2018

SAO PAULO, Jan 22 (Reuters) – Anglo-Dutch oil company Shell has hired a former executive of U.S.-based First Solar to lead its solar energy business in Latin America, a source said on Monday, as the industry invests in renewable energy to address global concerns about carbon emissions.

Maria Gabriela da Rocha Oliveira, First Solar’s former senior manager of business development for Brazil and South America, will take on a similar role at Shell’s New Energies unit for the region, said the source, requesting anonymity to discuss the confidential matter. read more

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Shell and ITM to build world’s largest electrolysis plant

SHELL and ITM Power have announced a plan to build the world’s largest hydrogen electrolysis plant at Shell’s Rheinland refinery in Wesseling, Germany.

The 17m t/y refinery uses around 180,000 t/y of hydrogen obtained through steam-reforming natural gas, to process and upgrade the refinery’s products. The new electrolysis plant, called ‘Refhyne’, will produce 1,300 t/y of hydrogen, and will be fully integrated into the refinery’s processes. As well as providing some of the refinery’s hydrogen, it will enable Shell and ITM Power to test the technology and explore applications in other sectors. read more

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Shell signs five-year supply deal with U.K.’s second largest solar plant

|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) signs a five-year agreement with British Solar Renewables for power generated by the U.K.’s second largest solar power plant.
  • Shell will receive the whole output of the Bradenstoke plant, which has a peak capacity of 69.8 MW and produces an average of 65 GWh/year; financial details are not provided.
  • Shell says the deal fits firmly into its New Energy Business strategy, which focuses on power and new fuels.
  • It is Shell’s second solar deal of the week, after announcing plans to buy a 43.8% stake in U.S.-based Silicon Ranch Corp.
  • SOURCE
  • read more

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    Shell Inks Another Solar Deal

    By Irina Slav – Jan 18, 2018, 9:00 AM CST

    Just a couple of days after it acquired a hefty stake in a U.S. solar company, Shell has made another solar move, closing a power supply deal with British Solar Renewables. Shell Energy Europe, the regional marketing and trading unit of the supermajor, will receive the whole output of the Bradenstoke solar power plant—the second-largest in Britain—for a period of five years.

    Bradenstoke has a peak capacity of 69.8 MW and produces an average of 65 GWh annually. The size of the deal was not disclosed. read more

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    Shell agrees on five-year solar energy deal in Britain

    Reuters Staff: JAN 18, 2018

    LONDON (Reuters) – Shell Energy Europe and British Solar Renewables (BSR) have agreed on a five-year supply deal for power generated from Britain’s second-largest solar power plant in Bradenstoke, BSR said in a statement.

    The plant consists of 269,000 panels and has a 69.8 megawatt peak capacity. On an annual basis, it generates approximately 65 gigawatt-hours of solar energy, saving over 21,000 tonnes of CO2 a year, BSR said.

    Shell Energy Europe, an energy marketing and trading division of Royal Dutch Shell, is present in 14 European power markets, which includes the offtake of renewable power from wind farms and solar parks in Britain and Europe. read more

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    Shell invests in solar, but still plowing money into oil

    Still, as company invests in solar firm, it plans to commission oil production vessel

    Photo: John Davenport, STAFF

    January 15, 2018 Updated: January 15, 2018 9:29pm

    Shell Oil Co. plans to plow around $200 million into a Tennessee solar company, the latest deal that finds a major oil company investing in renewable energy as the industry prepares for a day when crude demand plateaus.

    A unit of Houston’s Shell Oil will purchase almost half of Silicon Ranch Corp., a Nashville company that operates solar projects around the United States, for up to $217 million, the company’s biggest investment in utility-scale solar energy yet, the company said on Monday. Shell Oil is the U.S. subsidiary of Royal Dutch Shell, the Anglo-Dutch oil major.  read more

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    Shell Bolsters Renewables Bet With Stake in U.S. Solar Company

    Royal Dutch Shell Plc is investing in a U.S. solar energy developer, continuing its recent expansion into the electricity business.

    The Anglo-Dutch oil and gas producer will acquire a 44 percent stake in Nashville’s Silicon Ranch Corp., which owns and operates about 100 solar facilities across the U.S. The investment could be as high as $217 million in cash, depending on the company’s performance, making Shell the largest shareholder, according to a statement.

    Shell has been growing its foothold in the power business as it prepares for a carbon-constrained world, including an agreement to purchase the U.K’s seventh-largest utility in December. Rivals BP Plc and Total SA have also expanding into offshore wind and solar in the past few years, reflecting changing government incentives and customer demands. read more

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    Shell ventures back into solar

    Ron Bousso: 15 JAN 2018

    LONDON (Reuters) – Royal Dutch Shell agreed on Monday to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business.

    The Anglo-Dutch company also gave the green light for its first major new project in the North Sea in six years, signaling a cautious return to spending following three years of belt tightening in the face of lower oil prices.

    Shell agreed to buy a 43.86 percent stake in Silicon Ranch Corporation from funds linked to Partners Group for up to $217 million. It follows on the heels of British rival BP, which last month also re-entered the solar sector with the $200 million investment in Lightsource. read more

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    Fossil fuels blown away by wind in cost terms: study

    New onshore wind and solar energy projects are set to deliver electricity more cheaply than fossil fuels plants, with other green technologies also rapidly gaining a cost advantage over dirty fuels, a report published Saturday said. 

    According to a new cost analysis from the International Renewable Energy Agency (IRENA), within two years “all the renewable power generation technologies that are now in commercial use are expected to fall within the fossil fuel-fired cost range, with most at the lower end or undercutting fossil fuels”.

    It expects renewables will cost between three and 10 US cents per kilowatt hour (kWh) by 2020, while the current cost spectrum for fossil fuel power generation ranges from five to 17 US cents per kWh. read more

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    Shell Braces for Change by Expanding Its Foothold in Electricity

    “The era of oil and gas and petrochemicals is not over, but the era of electric transport is also coming in,” van Beurden said.

    Royal Dutch Shell Plc is taking small steps toward a future dominated by electric cars, renewable energy and carbon constraints, demonstrating its intent not to remain solely an oil and gas company.

    The energy giant agreed last month to purchase First Utility Ltd., the U.K.’s seventh-largest power provider. Its offshore-wind partnership with Eneco may expand further, with newspaper Telegraaf reporting on Friday that Shell is considering buying the Dutch utility outright.

    Big Oil entering the heavily regulated European power market isn’t a natural fit today. Yet it makes sense for a future in which consumers want charging points alongside gasoline pumps at fueling stations, and iPhone apps and smart home devices generate vast amounts of energy-use data that itself becomes a valuable commodity. read more

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    ‘Shell is considering bidding for Dutch green energy group Eneco’

    Anglo-Dutch oil and gas group Shell is making preparations to bid for green energy firm Eneco whose owners, made up of 53 local councils, are divided about its future, the Telegraaf said on Friday.

    At the same time, a dispute between the local authority shareholders and the company’s board is threatening to slow down the sale process, the paper said.

    Shell has hired an unnamed US-based merchant bank to help it in a possible bid for Eneco, sources within the banking industry told the paper.  But Shell itself reacted with a short and powerful ‘no comment’, the Telegraaf said. read more

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    Shell develops solar power plant at its Moerdijk chemicals site in the Netherlands

    By PennEnergy Editorial Staff Source: Shell

    The Netherlands – Shell is developing a solar power plant at its Moerdijk chemicals site, with construction planned to begin in 2018. The project will provide an approximate peak capacity of 20MW of renewable power. The power produced from the solar plant will be incorporated in the energy consumption of Shell Moerdijk. The power produced in the installation is the equivalent of the power consumption of approximately 7,000 Dutch households.

    “Developing this solar power plant in Moerdijk fits within Shell’s ambition to play an active role in the Dutch energy transition,” says Marjan van Loon, president-director Shell Nederland. “We are eager to limit emissions through energy efficiency improvements of our processes and investments in new energy activities at the same time. Other examples of Shell’s work in the Netherlands energy transition include offshore wind in the North Sea, electric mobility at our retail sites and residual heat from Shell Pernis.” read more

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    Shell share price: Group’s future growth to depend on shale

    Oil major’s disposals continue with stake in Dutch wind farm

    by Tsveta ZikolovaMonday, 08 Jan 2018, 08:58 GMT

    The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.

    Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points. read more

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    Shell sells partial stake in Dutch wind farm to Germany’s Partners Group

    JANUARY 8, 2018 / 8:03 AM

    AMSTERDAM, Jan 8 (Reuters) – Swiss investor Partners Group Holding AG said on Monday it had taken a 45 percent stake in a 700 megawatt (MW) offshore wind project in the Netherlands, buying partial stakes from Shell, Mitsubishi and Eneco.

    Terms of Partners Group’s participation in the “Blauwwind II” consortium were not disclosed.

    Project leader Shell, which last month put together a 13-bank consortium to provide 1 billion euros in funding to build it, cut its stake to 20 percent from 40 percent. read more

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    Shell looks to shale production for rapid growth

     in New York: Sunday 7 Jan 2018

    The growth of Royal Dutch Shell’s oil and gas operations in the next decade will depend on shale production, its chief executive has said, in the latest sign of western energy groups pinning their hopes for expansion on those “unconventional” resources. Ben van Beurden told the Financial Times that he saw chemicals, electricity and biofuels as key sectors for Shell’s long-term future… FULL FT ARTICLE

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    Shell enters UK household energy market

    21 Dec2017

    Shell has agreed to buy the energy supplier First Utility, giving the oil giant its first foothold in the UK’s household energy market.

    First Utility is the biggest energy supplier in the UK outside the so-called “big six”.

    The company supplies 825,000 homes with gas, electricity or broadband.

    Shell is already active in the wholesale energy market, but this is the first time it will supply UK homes directly.

    The price of the deal – which is subject to regulatory approval – has not been revealed. read more

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    Shell buys UK independent energy supplier First Utility

     21 December 2017

    Royal Dutch Shell will take on British Gas and the other “big six” household energy suppliers in the UK after striking a deal to buy First Utility, one of the largest so-called independent suppliers of electricity and gas to British homes.  FULL FT ARTICLE

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    Electric Cars’ Race to Nowhere

    : Dec 19, 2017

    Once upon a time, it was only Elon Musk making shoot-for-the-stars statements about the glittering future of electric cars. Now, even the most sober of his rivals are getting in on the act. Chongqing Changan Automobile Co. and BAIC Motor Corp., China’s fourth- and fifth-largest automakers, announced in October and this month that they’ll end deliveries of petroleum-powered cars by 2025. A target for hybrids and electric vehicles to be 90 percent of Geely Automobile Holdings Ltd.’s sales by 2020 is still on track, according to a company presentation last week, despite making up about 1.5 percent of the total in the first half. read more

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    Shell’s Energy Transition Speeds Up

    : 18 Dec 2017

    Summary

    • Royal Dutch Shell doubled down on its previously-announced investments in clean energy earlier this month when its CEO told investors that it has raised this to $2 billion next year.
    • The company also announced its intention to reduced its greenhouse gas emissions by 50% through 2050.
    • While the success of Shell’s proposed energy transition remains uncertain, its plans reflect recent developments in the energy markets and multinational policymaking.

    Last July the multinational petroleum and gas giant Royal Dutch Shell (RDS.A)(RDS.B) announced its intention to spend $1 billion a year on clean energy investments through its New Energy division. As I highlighted the following month, this decision was set against a busy backdrop of involvement by the company in the Climate Leadership Council, which (unsuccessfully) urged the Trump administration to keep the U.S. in the Paris Climate Accord, and investments in renewable electricity capacity. Those maneuvers, it turns out, were just the opening moves. As reported by The New York Times last week, Shell’s transition from a fossil fuel producer to a broader energy provider is rapidly accelerating. read more

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    Shell Canada’s SEEL Program Fund provides learning experiences beyond the classroom 0

    Shell Canada’s SEEL Program Fund provides learning experiences beyond the classroom

    Undergraduate students and representatives recognized at annual luncheon

    By University Relations Staff: December 18, 2017

    On Nov. 30, the University of Calgary hosted the 10th annual celebratory luncheon for a diverse group of students who participated in activities funded by the Shell Experiential Energy Learning (SEEL) Program.

    Having just completed its 11th year, the SEEL Program at UCalgary provides funding to undergraduate students and groups for field trips, conferences, special projects and other activities focused on sustainable energy, environment and economy, with a priority placed on hands-on learning experiences. read more

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    A decisive step to a cleaner energy future

    Chief Executive Officer at Shell

    It’s time for Shell to accelerate its efforts in the transition to a lower-carbon world. This is how I plan to drive change through the company.

    How will a future CEO of Shell judge what I have just announced? Will they look back to the end of 2017 and consider it a turning point? In 20 years? 30 years? If things move as I expect, they probably will.

    By then, I believe Shell will be at least as profitable and successful as today but it will be a very different company.

    We will still have plenty of oil and gas in our energy mix but other areas of the business, which are small today, will have grown. read more

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    Corbyn backs call for MPs’ pension fund to divest fossil fuels

    John McDonnell and Jeremy Corbyn support Divest Parliament, a group trying to force the parliamentary pension fund to drop fossil fuel investments © AFP

    , Chief Political Correspondent

    The Labour leader and shadow chancellor have swung their support behind Divest Parliament, a group trying to force the Parliamentary Contributory Pension Fund to drop investments in fossil fuels, including a £5.6m stake in BP and £5m of shares in Royal Dutch Shell. FULL FT ARTICLE read more

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    U.S. oil majors fall behind on climate, European lead

    Major European oil companies are making major efforts to reduce greenhouse gas emissions to fight climate change. American majors are dragging their behinds.

    Royal Dutch Shell pledged Tuesday to slash carbon emission by 50 percent and boost investment in clean, renewable energy. CEO Ben van Beurden promised to spend at least $2 billion on on wind power, biofuels and electric cars, about the same amount it will spend on shale oil.

    “It is making sure that the products within society have an overall lower carbon footprint,” Beurden told investors, according to the Guardian newspaper. “That is the long-term way of making sure our business remains a relevant business in the face of the energy transition.” read more

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    Only collaboration will solve the global warming puzzle

    BEN VAN BEURDEN: 30 NOVEMBER 2017

    The world has a puzzle to solve, a jigsaw with a spectacular number of pieces to place. If it can succeed it will win a priceless prize: it will achieve the goal of the Paris Agreement, to limit global warming to under 2C. It is the puzzle of the energy transition.

    Piecing together a solution is going to be tricky and we at Shell have been trying to make progress as a company. We have a way forward now and I am going to share it with you. But first, the jigsaw. read more

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    Shell, to Cut Carbon Output, Will Be Less of an Oil Company

    By Nov. 28, 2017

    Bowing to pressure from shareholders and the Paris international climate accord, Royal Dutch Shell pledged on Tuesday to increase its investment in renewable fuels and to cut its carbon emissions in half by 2050.

    Shell and other big oil companies have moved only sporadically over the last decade toward greater production of wind and solar energy. Now there are signs of a commitment to take climate change more seriously.

    In comments to investors, Ben van Beurden, Shell’s chief executive, said that from 2018 to 2020, the company’s new-energies division would spend up to $2 billion a year on renewable energy sources like wind, solar and hydrogen power and on electric-car charging stations. read more

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    Shell doubles up on green spending and vows to halve carbon footprint

    Anglo-Dutch giant to spend $2bn on wind power, biofuels and electric cars as it bows to shareholder pressure by setting new company climate change target 

    Shell has doubled its spending on clean power and bowed to shareholder pressure by promising to halve the carbon footprint of the energy it sells by 2050, as the oil giant said it was stepping up its ambitions on green energy.

    FULL ARTICLE

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    Shell signals return to pure cash dividend, focus on renewables

    FILE PHOTO: Ben van Beurden, chief executive officer of Royal Dutch Shell, speaks during a news conference in Rio de Janeiro, Brazil, February 15, 2016. REUTERS/Sergio Moraes /File Photo

    Ron Bousso: NOVEMBER 18, 2017

    LONDON (Reuters) – Royal Dutch Shell (RDSa.L) will return to paying pure cash dividends and step up its investment in cleaner energy as it turns a corner after more than two years of cost cuts and disposals prompted by weak oil prices.

    Shell Chief Executive Officer Ben van Beurden sought to strike a balance between reassuring investors it can increase returns in its core fossil fuel business during an “era of volatility” in oil prices while preparing to step up investments in renewables. read more

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    Shell Updates Company Strategy and Financial Outlook

    NEWS PROVIDED BY: Royal Dutch Shell plc

    THE HAGUE, Netherlands, November 28, 2017 /PRNewswire/ —

    • Scrip dividend programme to be cancelled with effect from the fourth quarter 2017 dividend
    • Annual organic free cash flow outlook increased to $25 to $30 billionby 2020, at $60 per barrel (real terms 2016)
    • Company sets ambition to reduce the net carbon footprint of its energy products in step with societys drive to align with the Paris Agreement goals

    Royal Dutch Shell plc (Shell) (NYSE: RDS.A) (NYSE: RDS.B) Chief Executive Officer, Ben van Beurden, today updated investors on the company’s strategy, setting out plans to grow returns and free cash flow, and outlining its ambition to reduce the net carbon footprint of its energy products.

    “Our next steps as we re-shape Shell into a world-class investment aim to ensure that our company can continue to thrive, not just in the short and medium term but for many decades to come,” said van Beurden. “These steps build on the foundations of Shell’s strong operational and financial performance, and my confidence in our strategy and our ability to deliver on the promises we make.” read more

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    Shell petrol stations to charge up electric cars in just five minutes

    Shell has teamed up with Ionity, which is backed by major carmakers, to roll out high-speed charging across 80 of Shell’s biggest European petrol stations CREDIT: PETER BYRNE/PA

    Jillian Ambrose: 

    Royal Dutch Shell has accelerated its drive into the electric vehicle market by teaming up with Europe’s fastest charging network.

    The collaboration with Ionity, which is backed by major carmakers, will roll out across 80 of Shell’s biggest European petrol stations to allow drivers of the latest generation of electric cars to charge up in as little as five to 10 minutes. read more

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    Shell and carmakers aim to go the distance with highway charging

    Ron Bousso: NOVEMBER 27, 2017

    LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles facing the electric car sector.

    Shell’s agreement with IONITY – a joint venture between BMW (BMWG.DE), Daimler (DAIGn.DE), Ford (F.N) and Volkswagen (VOWG_p.DE) – will initially bring high-powered docks to 80 highway sites in 2019, it said in a statement. read more

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    WSJ: Oil companies, automakers seek lifeline for internal combustion engine

    Nov. 20, 2017 12:42 PM ET|By: , SA News Editor

    Exxon Mobil (NYSE:XOM), BP, Royal Dutch Shell (RDS.A, RDS.B) and other oil companies are spending millions of dollars per year working with automakers including Ford (NYSE:F) and Fiat Chrysler (NYSE:FCAU) to improve the internal combustion engine and help it compete with electric vehicles, WSJreports.

    The companies are hoping new, thinner lubricants will help squeeze even more efficiency out of traditional car engines, allowing them to comply with stricter environmental rules and remain relevant as new technologies such as zero-emission electric vehicles emerge. read more

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    Shift to Hydrogen Could Meet 20% of World Energy Needs by 2050

    Shell, Statoil and BMW among companies urging support for fuel

    Transition requires investment of up to $25 billion a year

    The most abundant element may supply almost a fifth of global energy by 2050 and eliminate enough emissions to cancel out all the pollution in the U.S., according to a group of industrial companies from Royal Dutch Shell Plc to Toyota Motor Corp.

    Fuel-cell vehicles running on hydrogen, extracted from water using wind and solar power, may be used to power everything from cars to factories, according to the Hydrogen Council, a group that also includes the German automaker BMW AG, the mining giant Anglo American Plc and the French energy company Engie SA. The group estimated hydrogen has the potential to reduce carbon dioxide emissions by about 6 gigatons a year, more than the 5.5 gigatons the U.S. released in 2016. read more

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    Shell Brazil looking for partnerships in new energy

    Reuters Staff: NOVEMBER 13, 2017

    RIO DE JANEIRO, Nov 13 (Reuters) – Royal Dutch Shell PLC’s Brazil chief said on Monday the company is seeking partnerships in new energy.

    Shell Brazil Chief Executive Andre Araujo made the remarks at an event in Rio de Janeiro. (Reporting by Alexandra Alper, writing by Jake Spring; Editing by Alden Bentley)

    SOURCE

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    Peak oil? Majors aren’t buying into the threat from renewables

    Ernest Scheyder, Ron Bousso: NOVEMBER 8, 2017 HOUSTON/LONDON (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun.

    That transformation – marketed as “Beyond Petroleum” – led to manufacturing solar panels in Australia, Spain and the United States and erecting wind farms in the United States and the Netherlands.

    Today, BP (BP.L) might be more aptly branded “Back to Petroleum” after exiting or scaling back its renewable energy investments. Lower-cost Chinese components upended its solar panel business, which the firm shed in 2011. A year later, BP tried to sell its U.S. wind power business but couldn’t get a buyer. read more

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