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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 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 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

    Surging Diesel Demand Is Underpinning Crude Oil’s Bull Market

    Step aside OPEC, diesel is now driving up oil prices.

    With industrial activity surging worldwide, the fuel — known in the industry as ultra-low sulfur diesel or ULSD — is enjoying strong demand, accelerating total oil consumption growth in 2017 well above the 10-year average. 

    And just as demand rose faster than expected, diesel supply was hit, prompting a rapid tightening. First in Europe: the Pernis refinery, owned by Royal Dutch Shell Plc and considered one of the region’s diesel machines, suffered a fire in July and shut down for several weeks. And then in the U.S., where hurricane Harvey in late August temporarily knocked out a dozen refineries, disrupting both domestic supplies and distant export markets.

    “The oil market is currently driven by four letters: It’s ULSD, not OPEC,” said Olivier Jakob, managing director of consultant Petromatrix GmbH. 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 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’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

    INTERVIEW-Electric cars and renewables not enough to meet Paris climate goal – consultant

    Despite the rise in renewable energy, it is gas that will overtake oil as the world’s biggest energy source by 2034… This thinking underpinned, for example, Royal Dutch Shell’s $54 billion takeover of BG Group last year.

    * World will miss Paris target under current projections

    * Energy demand seen peaking around 2030

    * Electricity output to rise 140 pct by 2050 

    * Gas to overtake oil as main energy source by 2034

    By Karolin Schaps

    ARNHEM, The Netherlands, Sept 5 (Reuters) – The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. read more

    Big Oil to be usurped by gas in little more than a decade, experts warn

    Jillian Ambrose: 

    THE dominance of Big Oil will be usurped in less than two decades by the dawn of a golden age for natural gas lasting at least until the middle of the century.

    One of the world’s biggest risk assurance experts in the global energy ­industry has predicted that gas will emerge as the world’s most important source of energy by the mid 2030s ­after a slow descent for oil which will peak within ten years and the ongoing decline of coal. read more

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

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

    The end is nigh?

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

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

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

    Written by

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

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

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

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

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

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

    What Shell looks like now

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

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

    Big Oil Follows Silicon Valley Into Backing Green Energy Firms

    Oil majors quietly investing into new technology start-ups

    ‘Disruptive power’ from small companies prompts Shell to move

    Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.

    From Royal Dutch Shell Plc to Total SA and Exxon Mobil Corp., the biggest investor-owned oil companies are dribbling money into ventures probing the edge of energy technologies. The investments go beyond wind and solar power into projects that improve electricity grids and brew new fuels from renewable resources. read more

    Shell and Exxon face censure over claim gas was ‘cleanest fossil fuel’

    The Dutch advertising watchdog will on Tuesday censure Shell and Exxon for claiming that natural gas was “the cleanest of all fossil fuels” in an advert earlier this year. It will be the second time this summer that the Netherlands advertising standards board has ruled against the fossil fuels industry… FULL ARTICLE 

    Shell Prepares For A Different Energy Reality

    : 14 August 2017

    Summary

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

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

    Exxon Knew, Shell Knew, They All Knew

    08/09/2017 07:17 am ET

    In 2015, the Union of Concerned Scientists published its landmark exposé“The Climate Deception Dossiers,” which show that not only Exxon, but also Shell, BP, ConocoPhillips, Chevron and coal giant Peabody Energy were aware of the climate change reality since the 70s. Even so, through special interest groups, they invested tens of millions “to sow doubt and promote contrarian arguments they knew to be wrong.”

    The fuel that powers this planetary sabotage is called greed. The fossil fuel industry worldwide has accumulated stratospheric levels of wealth over the decades. Moreover, according to a report just published by World Development, in 2015, fossil fuels received a staggering $5.3 trillion in subsidies around the world. This includes not only taxpayer money but also the costs of deaths caused by pollution and these fuels’ contribution to the climate crisis. read more

    Shell mulls German refinery upgrade to meet 2020 IMO sulphur rules

    Shell mulls German refinery upgrade to meet 2020 IMO sulphur rules

    AUGUST 4, 2017 / 3:22 PM

    LONDON (Reuters) – Royal Dutch Shell is considering expanding the capacity of one of its German refineries to make oil products that meet an upcoming cap on the sulphur content of fuels used in shipping.

    In the past few days, Rheinland refinery representatives met local officials and environmental groups to present preliminary plans for an investment at the plant’s 140,000-barrels-per-day Wesseling site, Shell said on the refinery’s website.

    Shell is considering “a modernization of the residue processing unit at Rheinland refinery and to enhance the desulphurization plant there”, Shell told Reuters in an emailed statement. read more

    OPEC’s Existential Sucker Punch

    Julian Lee: July 30, 2017 3:00 AM EDT

    You wait decades for an existential crisis, then two come along at once. At least that’s how it must feel for OPEC’s beleaguered ministers. In the short term the market for their oil is being eroded by rising production outside their control. Looking further ahead, oil demand itself is under threat from the electrification of road transport. OPEC may not yet be dead, but its days are surely numbered.

    The most obvious short-term threat to the group comes from the rapid rise in U.S. shale oil, but the risks have expanded to include other areas like Brazil’s prolific sub-salt discoveries and more recent finds further north along the east coast of South America. read more

    The electric jolt that roused Big Oil

    Jillian Ambrose: 

    Identifying a tipping point is not always easy. But when one of the world’s most powerful oil bosses says he is in the market for an electric car, there can be little doubt.

    Ben van Beurden, the Royal Dutch Shell boss, last week delivered the clearest indication yet that the burgeoning electric vehicle industry is already hastening the decline of global oil demand. “When that will be is not certain. But that it will happen, we are certain,” he told investors. read more

    Shell CEO Ben Van Beurden says his next car will be an electric Mercedes S500e


    Jul 28 2017 at 9:03 AM

    When the boss of Europe’s biggest listed oil company says his next car will be electric, it says a lot about the future of fossil fuels.

    Royal Dutch Shell responded to the worst oil-price crash in a generation with its $US54 billion ($68 billion) takeover of BG Group, betting that demand for natural gas will rise as the world shifts to cleaner-burning fuels. Now chief executive officer Ben Van Beurden says the next thing he’ll buy is a car that doesn’t depend on either oil or gas to run. read more

    Shell preparing for world economy that shifts away from oil

    By DANICA KIRKA Associated Press

    Royal Dutch Shell is planning for the day when demand for oil starts fading as major economies move away from oil and increasingly turn to electric-powered cars, Chief Executive Ben van Beurden said Thursday.

    Van Beurden welcomed recent proposals to phase out passenger vehicles powered by fossil fuels in Britain and France, saying they are needed to combat global warming. Shell is looking at “very aggressive scenarios” as it makes plans to remain competitive in a world that gets more of its energy from renewable sources and less from crude oil, or “liquids,” he said. read more

    Shell Wakes Up and Smells the Coffee (and Burgers)

    July 27, 2017 12:23 PM EDT

    The image of a driver slurping an iced latte while pulling a Mustang up to the drive-in window of a fast-food joint is either your idea of a capitalist apotheosis or civilization’s decadent demise.

    Or … it’s what flashed through your mind as you listened to Royal Dutch Shell Plc’s earnings call on Thursday.

    Jessica Uhl, Shell’s chief financial officer, at one point talked up the oil major’s marketing business:

    We’re the world’s largest fuel retailer. Every day, Shell serves more than 30 million customers across our 43,000 sites in close to 80 countries. That is more sites than Starbucks; it is more than McDonald’s. read more

    Shell gets everything right except producing oil

    Andy Critchlow: JULY 27, 2017

    LONDON (Reuters Breakingviews) – Royal Dutch Shell is great at producing profit, but less so at producing oil. The Anglo-Dutch energy giant has more than tripled its earnings in the second quarter, helped by the strong performance of its downstream refining business and recovering prices. With its debt falling too, the company is doing the right things for shareholders – except in the crucial area of pumping more fuel.

    At first glance, Shell’s financial performance suggests that three years in the doldrums for big oil majors may have come to an end. On Thursday, the company reported an impressive 245 percent year-on-year rebound in clean earnings to $3.6 billion for the three-month period ending in June. Prices, which recovered from a slump last January below $30 per barrel, have helped, but there is more to it. read more

    Report: Gas could be sidelined by renewables in parts of Australia

    Royal Dutch Shell, meanwhile, announced its Prelude vessel, a first-of-a-kind ship designed to process LNG off the coast of Western Australia, arrived at its destination after leaving a South Korean shipyard in June. With LNG emerging in market share because of its diverse deliverability options, Shell said the Prelude floating LNG vessel opens up new export opportunities.

    By Daniel J. Graeber: 26 July 2017

    July 26 (UPI) — With Australia monitoring natural gas demand, a consultant group found gas-fired power could get squeezed out in parts of the country as renewables get cheaper.

    A research project from Wood Mackenzie, in coordination with GTM Research, found that wind, solar and battery costs might decline enough to the point that, by 2025, they’re competitive with gas-powered plants. For batteries in particular, whose costs are expected to decline by as much as 50 percent over the next decade, the researchers found storage capacity will be enough to meet the region’s peak residual demand. read more

    This could be the next big strategy for suing over climate change

    July 20 at 1:13 PM

    Two California coastal counties and one beach-side city touched off a possible new legal front in the climate change battle this week, suing dozens of major oil, coal, and other fossil fuel companies for the damages they say they will incur due to rising seas.

    The three cases, which target firms such as Chevron, ExxonMobil, BP and Royal Dutch Shell, assert that the fossil fuel producers are collectively responsible for about 20 percent of global carbon dioxide emissions between 1965 and 2015. They claim that industry “knew or should have known” decades ago about the threat of climate change, and want companies to pay the costs of communities forced to adapt to rising seas. read more

    Investors Squeezing Oil & Gas Developers To Cut Methane

    Investors Squeezing Oil & Gas Developers To Cut Methane

    , I write about the global energy business.: July 20, 2017: Opinions expressed by Forbes Contributors are their own.

    Oil and gas developers may soon be feeling the effects of a one-two punch — an adverse court ruling dealing with their methane emissions and now an investor-led initiative pushing them to be more transparent.

    Natural gas, of course, has become the fuel of choice — a fuel that markets itself as far less pollutive than coal. But methane is its main component, which is 84 times more potent than CO2, although its lifespan is 20 years compared to 100. Indeed, methane makes up about 25% of the global warming today. read more

    Shell Oil recently left the Corrib gas field with losses of 2 billion

    Opinion: ‘Just one week after banning fracking, we started drilling for oil’

    We need a just transition to a low carbon economy, not a sell-off of our future, write Sinead Mercier and Louise Michelle Fitzgerald.

    IN AN ORWELLIAN twist of double-speak, on 11 July, just one week after onshore fracking was banned in Ireland, Minister of Communications, Climate Action and Environment Denis Naughten granted consent to Providence Resources PLC to commence drilling for oil in the Porcupine Basin off our south-west coast.

    If catastrophic climate change is to be avoided, existing fossil fuels must be kept in the ground. Providence Resources states that they expect to find 5 billion barrels of oil.

    As George Orwell wrote in 1984, “doublethink means the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them”. read more

    Oil majors among top contributors to greenhouse emissions, report says

    by

    More than half of global industrial emissions can be traced back to just 25 corporate and state producing entities, the report says.

    China, India and Russia’s coal industries and major oil and gas players like Saudi Aramco, Gazprom, ExxonMobil, BP and Shell are among those named in the paper from CDP, formerly the Carbon Disclosure Project.

    The research found that 100 active fossil fuel producers were linked to 71% of global industrial greenhouse gases since 1988. read more

    ‘Big oil’ dismisses predictions of collapse in demand

    by: , Energy Editor: 10 July 2017

    Saudi Aramco and Royal Dutch Shell acknowledged that a shift towards renewable energy — including battery-powered cars — was under way but said oil and gas would remain indispensable for decades to come. Ben van Beurden of Shell said the transition to low-carbon technologies would “take place over generations” rather than as a rapid “revolution”.

    FULL FT ARTICLE

    Shell Plans to Spend $1 Billion a Year on Clean Energy by 2020

    Royal Dutch Shell Plc plans to spend as much as $1 billion a year on its New Energies division as the transition toward renewable power and electric cars accelerates.

    “In some parts of the world we are beginning to see battery electric cars starting to gain consumer acceptance” while wind and solar costs are falling fast, Shell CEO Ben Van Beurden said in a speech in Istanbul on Monday. “All of this is good news for the world and must accelerate,” while still offering opportunities for producers of fossil fuels. read more

    Shell No.9 in Top 100 greenhouse gas emitters since 1988

    Jon Yeomans: 

    The Chinese coal industry and stock market debutant Saudi Aramco have been named as the world’s biggest emitters of carbon dioxide.

    As new data claims to have identified the top 100 emitters of greenhouse gases over the last three decades, a leading NGO has warned that natural  resources companies need to transform their business models to adapt to a low-carbon future.

    Just 100 firms are responsible for 71pc of carbon dioxide gases released into the atmosphere since 1988, the year that climate change was first recognised as an international problem, according a report by the Carbon Disclosure Project (CDP). read more

    Shell Sees Rising Investment in Renewables

    ISTANBUL — Royal Dutch Shell will be spending up to $1 billion a year by 2020 on projects within its new energies division, Chief Executive Ben van Beurden told an industry conference on Monday.

    Shell set up the division to focus on renewable energy and new technologies to help lower carbon emissions.

    “Shell is determined to find solutions and will be spending up to $1 billion (775.49 million pounds) a year on our new energies division by the end of the decade,” van Beurden told the conference. read more

    It’s a world of worry for oil companies

    By Ryan Maye Handy: 8 July 2017

    India hopes to sell only electric vehicles by 2030. China is offering incentives to buy electric cars and investing heavily in renewable technologies. Volvo will scrap the pure internal combustion engine in favor of hybrids and electric cars.

    And on Thursday, France announced it plans to ban the sale of diesel and gasoline-fueled cars by 2040.

    The world’s major oil companies might disagree when global demand for petroleum will peak, but the news of the past seven months suggests that they should be worried, if they aren’t already. Nations, states and private companies are demanding cleaner energy, leaving the world’s oil producers to face a reckoning that many haven’t yet accepted. read more

    Companies have to open up about climate risks – Shell CEO

    Climate change poses one of the biggest long-term risks to the global economy and companies, including big oil and gas firms such as Shell, have to be open about how the risks will affect them, its chief executive said on Tuesday.

    Shell, one of the biggest oil and gas producing firms in the world, is under growing pressure from some shareholders to improve its carbon footprint and sustainability credentials.

    Shell said it assesses climate change risks internally but it has so far not disclosed in detail what financial impact climate-related risks could have. read more

    Shell Welcomes Final Recommendations in Climate Report

    by  Rigzone Staff: Thursday, June 29, 2017

    Royal Dutch Shell plc has welcomed the final recommendations set out in a report published Thursday by the Task Force on Climate-Related Financial Disclosures (TCFD). 

    “I agree that companies should be clear about how they plan to be resilient in the face of climate change and energy transition,” Shell CEO Ben van Beurden said in a company statement.

    “I believe it is right that it should be transparent which companies are truly on firm foundations over the long-term. I applaud the task force for its work to achieve this aim and I have signed a letter confirming Shell’s support for the initiative,” he added. read more

    Shell endorses climate task-force recommendations

    By Daniel J. Graeber: June 29, 2017

    June 29 (UPI) — The first in the industry, Royal Dutch Shell said it’s aligned with a transparency measure on climate steered by former New York Mayor Michael Bloomberg.

    “I agree that companies should be clear about how they plan to be resilient in the face of climate change and energy transition,” Shell CEO Ben van Beurden said in a statement.

    Bloomberg steered efforts through the multilateral Task Force on Climate-related Financial Disclosures, which said the transition to a low-carbon economy could require as much as $1 trillion in net investments per year. read more

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