Royal Dutch Shell Group .com Rotating Header Image

Posts under ‘Alternative Energy’

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Shell Gears Up For Peak Gasoline

By Jon LeSage – Nov 07, 2017, 3:00 PM CST

Royal Dutch Shell is hedging its bets over the next two decades with expectations that motor fuel consumption will be diminishing and other markets rising.

Since the oil price plummet it 2014, Shell has transitioned its business model over to refining oil, offering other refined oil products, and producing petrochemicals. The oil giant will produce well beyond gasoline to serve other growing economic sectors, and to offset the role EVs will play by the 2030s. read more

BP and Shell planning for catastrophic 5°C global warming despite publicly backing Paris Climate Agreement

Neither company sets targets to reduce emissions and BP’s total investment in renewable and clean technologies has actually shrunk since 2005, the report said Getty Images

Companies are trying to ‘have their oil and eat it’ by committing to 2°C in public while planning for much higher temerpature rises, says shareholder campaign group, ShareAction

Oil giants Shell and BP are planning for global temperatures to rise as much as 5°C by the middle of the century. The level is more than double the upper limit committed to by most countries in the world under the Paris Climate Agreement, which both companies publicly support.

The discrepancy demonstrates that the companies are keeping shareholders in the dark about the risks posed to their businesses by climate change, according to two new reports published by investment campaign group Share Action. Many climate scientists say that a temperature rise of 5°C would be catastrophic for the planet. read more

Clock ticking down on deadline for Shell Springboard entries

Written by

Entrants will be competing for a green cash pot containing £350,000, with the national winner to receive £150,000.

A further five regional winners will each get £40,000 of no-strings attached funding.

They will also be given access to academics and investors whose advice can help grow their enterprises.

The cut-off date for applications falls on November 6.

Former winners include Edinburgh-based tidal energy technology developer Nova Innovation. read more

Planning for a green future

Zhang Xinsheng, executive chairman of Shell Companies in China. [Photo provided to China Daily]

Editor’s Note:

The Communist Party of China has just concluded its 19th National Congress in Beijing. In the runup to the meeting, China Daily asked business leaders from major multinational companies for their views on economic developments here and the country’s global leadership role.

China Daily: 27 October 2017

Zhang Xinsheng is executive chairman of Shell Companies in China, a subsidiary of Royal Dutch Shell Plc, the global energy group.

How can China achieve stable and sustainable economic growth? read more

BP, Shell Put Oil Ahead of Earth, ESG Group Warns Investors

Oil giants focus excessively on fossil fuel production, a green advocacy group concluded, and urged investors to demand clear plans for controlling climate change.

Joe McGrath: October 25, 2017

Performance targets of energy companies Royal Dutch Shell and BP remain too heavily biased towards hydrocarbon production, a report has warned.

ShareAction — a U.K. charity that promotes environment, social, and governance-oriented investing — looked at BP and Shell’s greenhouse emissions management policies, asset portfolio resilience, corporate key performance indicators, executive incentive structures, and influences on public policy. The group concluded that the oil giants prioritize the production of fossil fuels, which could incentivize management behavior “misaligned” with shareholder interest, as defined by ShareAction. read more

Big Oil Is Investing Billions to Gain a Foothold in Clean Energy

The world’s biggest oil companies are closing more clean energy deals as pressure to diversify their businesses mounts and growth accelerates among green technologies.

Oil majors more than doubled the number of acquisitions, project investments and venture capital stakes, to 44 in 2016 from 21 the year before, according to research published Tuesday by Bloomberg New Energy Finance. In the last 15 years, they’ve completed 428 transactions and spent $6.2 billion building stakes in clean energy companies. read more

You Can Now Charge Electric Cars at Shell in the U.K.

Royal Dutch Shell Plc opened its first rapid charging point for electric cars at gasoline stations in the U.K., the latest sign that oil majors are waking up to the disruption plug-in vehicles could have on their industry.

The new Shell Recharge service is available at three sites in London, Surrey and Derby. It will expand to seven other locations in London and Reading by the end of the year, according to an emailed statement.

Britain has more than 8,000 retail stations, and those are closing at a rate of about 100 per year and and may number 6,000 by 2035 as electric cars spread, according to analysis by the oil-industry researcher Wood Mackenzie. In a race to lead the world in battery powered cars, the U.K. has also said it may require motorway service areas and large gasoline stations to install electric vehicle recharging points. It’s also said it will ban the sale of new vehicles that take diesel fuel by 2040. read more

Shell switches on to ‘rapid recharge’ for electric vehicles

Written by

Shell has announced the opening of Shell Recharge – the new on-forecourt Electric Vehicle (EV) rapid charging service.

Shell Recharge is now available at Shell Holloway (London), Shell Whyteleafe (Surrey) and Shell Derby, and will be launched at a further seven locations within Greater London and Reading by the end of the year.

Jane Lindsay-Green, Shell UK Future Fuels Manager, said: “Shell Recharge provides Electric Vehicle drivers with a convenient way to charge their cars on-the-go. read more

Shell has seen the future – and it’s several shades of green

Ben Van Beurden, chief executive officer of Royal Dutch Shell, sees a future dominated by gas and renewables, with gas the clear winner. Photo: Bloomberg

By Ben Marlow: 

If there is one subject that divides energy producers it’s the question of when oil demand will peak.

Indeed, it is such a controversial topic that some senior figures like Saudi Arabia’s Energy Minister, Khalid al-Falih, prefer not to discuss it at all.

He claims talk of peak demand is dangerous. It threatens to reduce vital investment, “compromising” energy security, al-Falih said earlier this year.

John Watson, boss of American oil giant Chevron, recently dismissed the idea of peak demand as “wishful thinking”. read more

Shell buys NewMotion charging network in first electric vehicle deal

Karolin Schaps: OCTOBER 12, 2017 / 1:23 PM

AMSTERDAM (Reuters) – Royal Dutch Shell (RDSa.L) has agreed to buy Dutch-based NewMotion, the owner of one of Europe’s largest electric vehicle charging networks, marking the company’s first deal in electric mobility as demand for cleaner vehicles is expected to soar.

Shell said NewMotion, which manages over 30,000 charging points for electric vehicles in Western Europe and offers access to thousands more, will operate in parallel to Shell’s program of rolling out fast charging points at its forecourts. read more

Shell to enter Turkey’s retail electricity market

Operating in the wholesale electricity market since 2014, Shell Energy A.Ş. is poised to begin retail electricity trade in Turkey, particularly in the industrial sector, a report by the Dünya daily has claimed.

The global energy giant has operated in Turkey since the foundation of the Republic in 1923. Now, it is planning to expand its operations in natural gas, electricity and non-carbon energy. For electricity generation, the company is looking to benefit from renewable energy sources. read more

Interview – Shell Netherlands CEO: More large wind projects wanted

Toby SterlingStefano Berra: OCTOBER 5, 2017

AMSTERDAM (Reuters) – As the Netherlands struggles to meet its renewable energy goals, Shell’s country chief executive sees its role as the architect of big, high-risk projects such as wind turbine farms — for the time being.

In an interview, Marjan van Loon said Shell had joined a coalition of companies urging the Dutch government to greatly increase its ambitions for offshore wind farms from its current plan for 5 tenders of 700 megawatt farms. read more

Shell to Seek Sale of Stake in $1.4 Billion Wind Farm

Royal Dutch Shell Plc and its partners Eneco Holdings NV and Mitsubishi Corp. are seeking to sell a stake in two Dutch offshore wind-farm projects that may cost $1.4 billion to develop, two people familiar with the plan said.

The companies are looking to reduce their ownership in the Borssele III and IV wind farms by as much as 45 percent, according to the people who asked not to be named because they aren’t authorized to speak about it publicly. The fourth partner, infrastructure contractor Van Oord NV, is keeping its share of the project. read more

Shell plans $1B/year toward electric vehicle charging, energy management

|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) is working on developing new energy technologies such as smart electric vehicle charging and models to reduce customers’ energy use, says Mark Gainsborough, head of the company’s New Energies division.
  • Goldman Sachs has predicted that oil demand could peak as early as 2024 due to the rollout of electric vehicles and rising fuel prices, and Shell says it plans to invest up to $1B/year through the New Energies division by the end of the decade as it seeks to ramp up involvement in technologies that are changing the market.
  • Gainsborough says Shell already has started to provide fast-charging for electric vehicles at its gasoline stations and is working on developing “smart charging” to help even out demand on the electricity grid.
  • read more

    Shell Electric Car Chargers

    Shell, one of the largest oil and gas companies in the world, is going electric. Photos uploaded this week show how the company’s new electric car chargers look in reality — and it looks like something out of a sci-fi film. 

    The Shell Recharge stations, as they are branded, are 50 kWh direct current chargers that can recharge a car’s battery to around 80 percent in 30 minutes. The stations will initially be available at 10 service stations this year in the United Kingdom, around the London, Reading and Derby areas. They support Chademo, CCS and AC Type 2 charging connectors, and the company plans to provide Tesla adaptors in the future. read more

    Shell explores electric vehicle charging, energy management businesses

    SEPTEMBER 28, 2017 / 8:20 AM

    AMSTERDAM, Sept 28 (Reuters) – Royal Dutch Shell is working on developing new energy technologies like ‘smart’ electric vehicle charging and models to reduce customers’ energy use, the head of the oil company’s new energies division is set to say on Thursday.

    Shell intends to invest up to $1 billion a year through its New Energies division by the end of the decade as the oil company adjusts to an energy market that is moving towards more electrification, decentralised energy use and cleaner fuels. read more

    Dyson to make electric cars from 2020

    Dyson, the engineering company best known for its vacuum cleaners and fans, plans to spend £2bn developing a “radical” electric car.

    The battery-powered vehicle is due to be launched in 2020.

    Dyson says 400 staff have been working on the secret project for the past two years at its headquarters in Malmesbury, Wiltshire.

    However, the car does not yet exist, with no prototype built, and a factory site is yet to be chosen. read more

    It’s Not Just The CEO’s Car: Shell Converts Corporate Fleet To Plug-In Hybrids

    ,

    Shell CEO Ben van Beurden made headlines worldwide when he told an interviewer in July that his next car would be an electric vehicle, but he stopped short of a full disclosure: van Beurden’s new car is part of a company-wide conversion of the corporate fleet.

    Shell Technology Director Harry Brekelmans clarified this month that he too is getting a plug-in vehicle, though it’s a hybrid:

    “Indeed Ben’s next car is electrical, but what he also says time and again is that fossil fuels will remain a part of the energy mix for decades to come, so his next car’s a hybrid, not a full EV,” Brekelmans said in appearance at the Massachusetts Institute of Technology. “And I know because my next car also will be a hybrid, because we’re changing the corporate fleet.” read more

    Shell plans UK’s first ‘no-petrol’ station as journey towards clean motoring continues

    Jillian Ambrose: 

    Royal Dutch Shell is preparing to open Britain’s first “no-petrol” service station in the capital next year as part of its drive towards cleaner motoring.

    The forecourt is expected to offer motorists biofuels, electric vehicle charge points and hydrogen cell refuelling instead of traditional petrol and diesel pumps. Meanwhile, the buildings are due to be powered by ­renewable energy from solar panels on the forecourt roof.

    Sources close to the Anglo-Dutch oil giant told The Telegraph that a central London site had been chosen, but the project was still at a very early stage. A spokesman for Shell declined to comment. read more

    Economic storm on the horizon

    The rise of battery-powered cars threatens disaster for Houston’s oil and gas economy.

    Halfway around the globe, a storm is brewing that will pose a greater threat to our oil and gas industry than Hurricanes Harvey or Ike, or even a massive storm surge right up Houston Ship Channel.

    The danger: China wants to stop buying gasoline. Specifically, at an automotive conference in Tianjin, the nation’s vice minister of industry and information technology stated that the government is planning on a total phaseout of vehicles powered by fossil fuels. This announcement follows similar plans from Britain and France to ban sales of diesel and gasoline cars by 2040. That’s decades away, but the world is undeniably moving towards a future where the internal combustion engine is a thing of the past. read more

    Shell to Expand Presence in Asia and Alternative Fuel Market

    September 20, 2017, 01:35:00 PM EDT By Zacks Equity Research,

    Per Reuters, integrated oil and gas company, Royal Dutch Shell plc RDS.Aintends to increase its marketing operations in Asia region. The company’s effort to de-carbonize the energy system was reconfirmed as it targets to attain 20% of its global fuel station sales from electric vehicles recharging and fuels with a lower level of carbon by 2025.

    Expanding Asia Operations

    The oil major has 43,000 fuel stations in 80 countries and is now trying to reach the fuel markets of China and India, the two most populous countries in the world with high demand for energy. Shell is also eyeing the Indonesian fuel market. The company believes there will be continued growth in the Asian market over the next decade. read more

    Big Oil Becomes Greener With Cuts to Greenhouse Gas Pollution

    It’s no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they’re reducing their greenhouse-gas footprints every year, actively participating in a trend that’s swept up most corporate behemoths.

    Sixty-two of the world’s 100 largest companies consistently cut their emissions on an annual basis between 2010 and 2015, with an overall 12 percent decline during that period, according to a report from Bloomberg New Energy Finance released ahead of its conference in London on Monday. read more

    Oil firm Shell planning to open its first UK electric car charging point next month

    Oil firm Shell is planning to open its first UK electric car charging point next month.

    Cars will be able to re-charge at a yet-to-be disclosed location in London.

    Bosses are trying to adapt as transport and other industries move away from fossil fuels. Demand for electric cars is expected to soar, with about 150m on the roads by 2040.

    Shell expects to open around 10 electric charging points around London by the end of the year. More will follow depending on customer demand. The firm ultimately wants 20 per cent of its retail fuel margins globally to come from non-diesel or petrol cars. read more

    Oil Majors Cut Greenhouse Gas Pollution

    By Foster Wong: 18 September 2017

    Big Oil had started fighting climate change before President Donald Trump took office read more

    Shell Sees Opportunity in Clean Hydrogen Production

    A large hydrogen plant could be a step toward a clean energy future.

    Travis Hoium (TMFFlushDraw) Sep 13, 2017 at 7:06AM The dream for those of us following renewable energy is to someday be able to produce 100% of the world’s energy from renewable sources. Wind and solar power could easily provide enough energy to replace every power plant and barrel of oil in the world, if only there were a cheap, easy way to store it. Batteries are expensive and chemically intensive, so hydrogen was always seen as a top-option for long-term energy storage.

    Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B) and ITM Power (NASDAQOTH: ITMPF) may have taken a small step toward building a hydrogen-fueled renewable future earlier this month by announcing a 10-megawatt  electrolyzer complex in Germany that will supply hydrogen to its refining plant. The hydrogen could also be used to help balance the grid or be sold to customers for their own uses.

    A big deal for hydrogen

    Hydrogen has incredible potential to disrupt the energy industry, but it has been rendered all but obsolete in most of the auto industry, pushed aside in favor of rapidly improving batteries. There’s no point in building a hydrogen vehicleor the necessary infrastructure if batteries can charge quickly and are cost-effective. read more

    Shell Targets Alternative Fuel Stations

    By Tsvetana Paraskova – Sep 12, 2017, 12:30 PM CDT

    Shell—one of the oil majors that is increasingly betting on natural gas and low-carbon fuels—is targeting 20 percent of its global fuel station sales to come from electric vehicles recharging and low-carbon fuels by 2025, John Abbott, Downstream Director at Shell, told Reuters in an interview published on Tuesday.

    While Shell plans to expand fuel stations in China, India, and Mexico—where it sees growth in this market over the next decade—it would continue to focus on meeting demand for cars running on fuels alternative to gasoline and diesel, Abbott said. read more

    Shell eyes Asia, aims to expand vehicle recharging at fuel stations

    SEPTEMBER 12, 2017

    * Shell is world’s biggest fuel station operator

    * Pilot projects to recharge cars in Europe, California

    * Company sees fossil fuel growth in China, India, Mexico

    * Focus on downstream earnings as crude price falls 

    By Ron Bousso and Dmitry Zhdannikov

    LONDON, Sept 12 (Reuters) – Royal Dutch Shell aims to expand marketing operations in Asia and wants 20 percent of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025, as the world shifts away from crude.

    The Anglo-Dutch firm, with 43,000 fuel stations in 80 countries, aims to expand in China and India, as well as Mexico, where it sees fossil fuel growth in the next decade, John Abbott, the head of refining, trading and marketing, told Reuters. read more

    Shell’s defence of big oil is too hopeful

    September 11, 2017, 11:40:00 AM EDT By Reuters

    By Andy Critchlow

    LONDON, Sept 11 (Reuters Breakingviews) – Royal Dutch Shell, looking deeply into its crystal ball, sees a future that’s still heavily dependent on oil. The Anglo-Dutch giant expects crude will continue to play a major role in global energy supply for decades, even in its less oil-friendly scenario. That optimism goes someway to justifying the billions of dollars it continues to invest in exploiting new reserves and expanding its fuel network. But it’s also a view that may place too much faith in the combustion engine – and China staying with its current strategy. read more

    General Motors, Disney, Shell and 1,200 other companies are taking steps to fight climate change, report says

    September 12 at 12:01 AM

    More than 1,200 global businesses, including U.S. companies such as Disney, Shell and General Motors, are moving to embrace a carbon price — even if President Trump isn’t, according to a new report by a Washington climate think tank.

    While the president has suggested that tackling climate change will undermine the economy and hamstring  businesses, chief executives have been busy voluntarily putting a price on their own carbon dioxide emissions. read more

    Shell Retail Looks to the Future With Car Charging, Clean Fuels

    A Mirai hydrogen fuel powered automobile, manufactured by Toyota Motor Corp., sits on the forecourt at Royal Dutch Shell Plc’s first U.K. hydrogen refueling station in Cobham, U.K., on Wednesday, Feb. 22, 2017. Shell, crafting a strategy to wean itself off oil, is expanding its operations in the refueling market for hydrogen cars. Photographer: Chris Ratcliffe/Bloomberg Rakteem Katakey, Javier Blas: BloombergSeptember 11, 2017

    Royal Dutch Shell Plc wants 20 percent of income from its retail forecourts to come from vehicles that don’t burn diesel or gasoline, as the company anticipates an accelerating transition to clean energy over the coming decade. 

    Shell set up its first hydrogen refueling station in the U.K. earlier this year and will install its first electric car charging point later this month, said John Abbott, the top executive of its downstream business, which includes refining, marketing, retail, trading and chemicals. By 2025, he expects these new operations supplying cleaner fuels, including natural gas, to make up a fifth of retail earnings. read more

    Shell’s long view

    By Ed Crooks: Sunday September 10, 2017

    Royal Dutch Shell this week set out its views on the outlook over the next few decades, in presentations to investors in New York and London. Shell has been thinking deeply for decades about how to model the future. The scenarios it sets out are more explicit about the uncertainties involved than other projections, which sometimes seem to imply that we can be confident oil consumption in 2040 will be 110.8m barrels per day, or with other overly precise figures. read more

    Global shockwaves from electric cars will be here sooner rather than later

    Shift in power. Illustration: David Simonds/Observer

    Governments, the oil industry and car makers are waking up to the profound changes battery-powered cars will bring

    Sunday 10 September 2017

    Last week, Shell argued that the fuel savings from the efficiency improvements in internal combustion engines would outweigh those from electric vehicles threefold. The Anglo-Dutch company believes oil demand will not peak until the mid-2030s, despite expecting electric and plug-in hybrids cars to make up 35% of new car sales by then, up from 1% now. “To come radically earlier than the early 2030s [peak oil demand], there has to somehow be a demand change, and it’s not going to come from electric cars,” said Guy Outen, Shell’s executive vice-president of strategy and portfolio. But the company’s actions may tell a different story… FULL ARTICLE read more

    Shell criticises proposed future bans of non-electric cars

    by: Andrew Ward, Energy Editor: 8 Sept 2017

    A ban on petrol and diesel vehicles would be counterproductive if it undermines the development of more fuel-efficient engines, Royal Dutch Shell has said, while urging policymakers to let markets determine the best way to tackle climate change. Guy Outen, head of strategy for Shell, said the Anglo-Dutch oil and gas group supported those aims but said governments should not “pick winners” among green technologies.
    Shell’s argument will be seen by many as self-serving… FT ARTICLE read more

    Shell Expects Australia Gas Shortage to Trigger Export Restriction

    The world’s second-biggest liquefied natural gas exporting nation will probably curb shipments next year to avoid a domestic shortfall of the fuel, according to the Australian head of Royal Dutch Shell Plc.

    The Australian Energy Market Operator will probably declare a shortage for eastern states in the next two to four weeks, Shell Australia Chairwoman Zoe Yujnovich said at a Bloomberg event Wednesday in Sydney. That would trigger the country’s domestic gas security mechanism, a policy announced in June that could limit LNG exports from plants that draw more gas from local markets than they supply. read more

    Shell Invests to Boost Global Gas Demand

    Europe’s biggest energy company is investing in projects to boost global gas demand and aims to continue feeding the market it’s nurturing with new liquefied natural gas export plants.

    Royal Dutch Shell Plc is supporting the development of gas use in heavy transport such as shipping and is also helping smaller and less credit worthy customers begin importing LNG, Maarten Wetselaar, the company’s director of integrated gas and new energies, said at an event at Bloomberg’s Sydney office Wednesday. As new LNG customers enter the market, that will open a window for Shell and others to develop new low-cost export plants. read more

    Shell’s Ben van Beurden: Oil vs Uber in the battle of reputations

    In a throwaway comment, Ben van Beurden found himself front and centre on the national media’s radar. “It wasn’t a planned remark, it just came out,” he said.

    Written by

    But it wasn’t oil price, or strategy that landed him prime time interviews.

    Instead, it was the comment that his next car would be electric.

    “It wasn’t a planned remark, it just came out,” he said.

    “But it shows how charismatic renewables and electricity is at the moment, much more charismatic than gas and definitely much more charismatic than oil.”

    A perception that oil and gas have a shrinking role to play is one the industry needs to address head-on. read more

    %d bloggers like this: