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Shell signals an end to the oil downturn with return of all-cash payouts

Jillian Ambrose: 

Royal Dutch Shell has signalled the end of the three-year oil market downturn by restarting its all-cash shareholder payouts as its cash flow begins to boom.

The oil major began paying out dividends in the form of shares in 2015, in the wake of the oil price crash and its $50bn takeover of BG Group.

But chief executive Ben van Beurden said the Anglo-Dutch group was now confident that it could call an end its scrip dividend as its cost-cutting and divestment programme pays off. read more

Shell Atones for Its Past Sins

: Nov 28, 2017

It’s payback time for investors in Royal Dutch Shell Plc. Shareholders in the Anglo-Dutch oil company have had to endure receiving their dividends partly in stock throughout the industry price slump. This mild austerity is now ending. Shell is signalling that when it comes to spending its cash, shareholders will get first dibs.

The move to a full cash dividend, announced on Tuesday, is only just affordable. Investors should feel lucky the dividend wasn’t cut. In the 12 months to Sept. 30, organic free cash flow of $17 billion wouldn’t have covered the full dividend bill plus interest on Shell’s $68 billion net debt. read more

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

Could Unilever and Shell say ‘vaarwel’ to their London listings?

Shell, which openly lobbied for the Dutch dividend tax cut, could make significant cost savings if it were to scrap its dual share structure. While the oil price remains low, such a move could be well received. But Shell is also one of the biggest dividend payers in the UK. If it did shift its listing to Euronext, the implications would be enormous for domestic pension funds and investors — not to mention hugely symbolic as the Brexit negotiations roll on.  FULL ARTICLE

Pressured for profit, oil majors bet big on shale technology

Shell, in an initiative called “iShale,” has marshaled technology from a dozen oilfield suppliers, including devices from subsea specialist TechnipFMC Plc that separate fracking sand from oil and well-control software from Emerson Electric Co, to bring more automation and data analysis to shale operations.

Ernest Scheyder: NOVEMBER 28, 2017

HOUSTON (Reuters) – Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once – without ever setting foot on a rig. 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

Multiple news stories: Amnesty International demands criminal investigation of Shell complicity in murder

Esther Kiobel poses with a picture of her late husband, one of nine men executed by Nigeria’s military government after a peaceful uprising in 1995 against Shell’s widespread pollution in Ogoniland. Photograph: Amnesty International

Multiple news stories: Amnesty International demand criminal investigation of Shell complicity in Nigerian murder, torture and rape

The Guardian: Amnesty seeks criminal inquiry into Shell over alleged complicity in murder and torture in Nigeria

Extract: Amnesty International is calling for a criminal investigation into the oil giant Shell regarding allegations it was complicit in human rights abuses carried out by the Nigerian military. Amnesty is urging the UK, Nigeria and the Netherlands to consider a criminal case against Shell in light of evidence it claims amounts to “complicity in murder, rape and torture” – allegations Shell strongly denies. read more

Shell scraps scrip dividend after three years of austerity

Ron Bousso: NOVEMBER 28, 2017

LONDON, Nov 28 (Reuters) – Royal Dutch Shell on Tuesday said it will cancel an austerity dividend policy as the oil and gas company boosted its cash generation forecasts, drawing a line under three years of oil price turmoil.

The Anglo-Dutch company said it will abolish its scrip dividend, through which investors can opt to receive dividends in shares or cash, in the fourth quarter of 2017. The scrip dividend scheme was introduced in early 2015 following the sharp drop in oil prices. 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

Shell investors reap dividends from oil revival

Royal Dutch Shell Malikai superlift at a deep-water project in Malaysia. The global business is in a healthier financial state than it has been recently and intends to resume cash dividends

Royal Dutch Shell is expected to signal its return to paying its entire dividend in cash this week, in the latest evidence of renewed confidence in the oil industry. The Anglo-Dutch group, the biggest listed oil company in Europe, makes a proportion of its payments to investors in the form of new shares rather than cash. read more

Shell prepares to reward investors by restoring bigger cash payouts

Royal Dutch Shell introduced its scrip dividend programme in 2015 (Source: Getty)

Oliver Gill: Sunday 26 November 2017 6:14pm

Oil behemoth Royal Dutch Shell has been tipped to dish out more cash to investors as it scraps a programme of paying dividends in the form of shares. Analysts from UBS believe it is a case of “when not if” Shell restores a full cash dividend.

Shell chief executive Ben van Beurden is expected to signal the changes at a London management day on Tuesday.

The oil giant put a scrip dividend programme – where part of the firm’s dividend is paid by issuing new shares – in place in 2015 to reduce demands on cash as debt spiralled. Shell’s cash reserves were put under pressure by a combination of soft oil prices and a £47bn deal to buy gas producer BG. read more

Ben van Beurden prepares to restore Royal Dutch Shell cash dividend

Royal Dutch Shell is tipped to resume paying all its dividend in cash this week — unplugging a gusher worth billions of pounds for investors.

Chief executive Ben van Beurden is expected to signal the move on Tuesday, when he lays out his vision for Britain’s most valuable public company.

Abandoning the so-called scrip dividend programme would mark the latest stage in the Anglo-Dutch company’s recovery from the depths of the oil industry downturn. The company has paid a slice of its dividend in stock since early 2015, when the plunging oil price forced Van Beurden to marshal resources. read more

Gazprom and Shell Discuss LNG projects and Nord Stream 2

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today.

Posted by OilVoice Press – OilVoice: 22-Nov-2017

The meeting addressed relevant aspects of strategic cooperation.

Particular attention was paid to joint efforts in the liquefied natural gas (LNG) sector. The parties discussed the construction project for the third train of the LNG plant on Sakhalin Island and the progress of the Joint Study Framework Agreement for the Baltic LNG project.

The meeting also focused on the Nord Stream 2 project.

Background

Royal Dutch Shell is a British-Dutch oil and gas holding company focused on hydrocarbon production, processing and marketing in over 90 countries worldwide. read more

Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell

By Tsvetana Paraskova – Nov 22, 2017, 4:00 PM CST

In a bid to reduce gas flaring and pay off outstanding reparations for the 1990 invasion of Kuwait, Iraq has hired Japanese firm Toyo Engineering to help it build a gas pipeline to Kuwait, in what could be a blow to Shell’s gas ambitions in Iraq, industry sources tell Reuters.

Kuwait is looking to diversify its gas imports from Qatar after several Arab states led by Saudi Arabia severed ties with Qatar earlier this year accusing it of sponsoring terrorism. read more

Exclusive: Iraq looks to Kuwait gas pipeline to pay off reparations

FILE PHOTO: A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015. REUTERS/Essam Al-Sudani/File Photo Rania El Gamal, Osamu Tsukimori, Dmitry Zhdannikov

DUBAI/TOKYO/LONDON (Reuters) – Iraq has hired Japan’s Toyo Engineering (6330.T) to help build a gas pipeline to Kuwait and a related petrochemical plant as Baghdad looks to reduce flaring and finish paying reparations owed for its 1990 invasion of its neighbor.

The project, details of which have not been reported before, would allow Kuwait to diversify its gas imports in the wake a political crisis between Gulf states and major supplier Qatar.

It would also deal a blow to Royal Dutch Shell (RDSa.L), which aimed to be the dominant gas player in Iraq before relations with Baghdad soured following Shell’s exit from large oil projects. read more

Bolivia says signs $1.6 bln in gas deals with Repsol, Petrobras, Shell

By Marianna Parraga: NOVEMBER 21, 2017

SANTA CRUZ, Bolivia, Nov 21 (Reuters) – Bolivia’s government on Tuesday signed natural gas development deals with Spain’s Repsol, Brazil’s Petrobras, Royal Dutch Shell and Pan American Energy that are expected to draw $1.6 billion in investment and boost output.

The deals cover blocks in the Iniguazu, San Telmo Norte and Astillero gas areas. Repsol, Shell and Pan American Energy will participate in the Iniguazu consortium, while Petrobras will be a partner in the other two. Several units of Bolivia’s state-run YPFB will participate in all the projects. read more

Shell Pipeline secures land-use agreements with landowners

The proposed route of the 97-mile Falcon Pipeline is shown above

Shell Pipeline Co. has contracted with an additional 10 local landowners to use their properties during construction of the 97-mile Falcon Ethane pipeline.

Shell Pipeline Co. has contracted with an additional 10 local landowners to use their properties during construction of the 97-mile Falcon Ethane pipeline.

According to the Beaver County recorder of deeds, Shell Pipeline secured 10 temporary road-access agreements with landowners in the southwestern portion of the county. The company intends to use the properties during construction of the ethane pipeline, which is expected to feed up to 107,000 barrels of ethane daily into Shell’s $6 billion cracker plant in Potter Township. read more

Exxon, Shell, BP to Join Group to Cut Emissions From Natural Gas

By Sarah Kent

Exxon Mobil Corp. plans to join with other big energy companies in an effort to reduce pollution from natural gas production, according to people familiar with the matter. 

The new grouping will also include Royal Dutch Shell PLC and BP PLC, according to the people. While Shell and BP have joined forces with other global players in the past in similar industrywide collaborations on environmental issues, Exxon has more typically stayed on the sidelines. 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

Reuters: Two Alberta oil sands upgraders warning of volume cuts

|By: , SA News Editor

Two oil sands upgraders in Alberta – Royal Dutch Shell (RDS.A, RDS.B) and Suncor Energy’s (NYSE:SU) Syncrude – are warning customers about cuts to synthetic crude output in November because of upsets at the plants, Reuters reports.

Shell Canada is telling customers that synthetic crude volumes from its 255K bbl/day Scotford upgrader may be lowered this month and possibly next month because of a valve leak, and the Syncrude oil sands project, which has capacity to produce nearly 350K bbl/day, also is telling customers it will cut synthetic crude volumes by ~5% in November, according to the report. read more

Tory ministers lobbied Brazil on behalf of Shell and BP, Government accidentally reveals

Greg Hands used a meeting with a Brazilian minister to pass on oil companies’ concerns: Rex Features

Brazilian government later gave major drilling licenses to the two companies

Liam Fox’s Department for International Trade successfully lobbied the Brazilian government over environmental regulations on behalf of three major oil companies, an official document has revealed.

Greg Hands, the international trade minister, reportedly made representations on behalf of BP, Shell and Premier Oil during a trip to Brazil in March.

He asked the Brazilian government to help British companies secure deals to drill in the pre-salt region of Brazilian waters, according to a British diplomatic cable obtained by Greenpeace. read more

Shell coffee collaboration brewing on biofuel to help power London buses

Oil giant Shell has announced that it is working in collaboration with bio-bean and the coffee drinkers of London to power some of the city’s buses.

The B20 biofuel is partly made from waste coffee grounds and has been added to the London bus fuel supply chain without any great need for vehicle modification.

The fuel provides a cleaner, sustainable energy solution which will lower bus emissions in the UK capitol.

The average Londoner drinks 2.3 cups of coffee a day, producing over 200,000cubic tonnes of waste a year, much of which would otherwise end in landfill with the potential to emit 126million kg of CO24.

Arthur Kay, bio-bean’s founder, said: “Our Coffee Logs have already become the fuel of choice for households looking for a high-performance, sustainable way to heat their homes – and now, with the support of Shell, bio-bean and Argent Energy have created thousands of litres of coffee-derived B20 biodiesel which will help power London buses for the first time. It’s a great example of what can be done when we start to reimagine waste as an untapped resource.” read more

Sky, Shell and BMW collaborate on a documentary series about football

Sky Media has produced a series of talent-led, short video documentaries with Shell V-Power and BMW UK that follows Soccer AM’s Adam Smith as he sets out to see what it takes to be a professional footballer. FULL ARTICLE

UK trade minister lobbied Brazil on behalf of oil giants

A telegram obtained by Greenpeace shows that Greg Hands met a Brazilian minister to discuss relaxation of tax and environmental regulation. Greenpeace accused the department of acting as a “lobbying arm of the fossil fuel industry”. read more

SHELL OIL TRADING INTRIGUE?: ANDREW SMITH IN, MIKE MULLER OUT

Robert Miller: November 18 2017 

Oil prices rose 2.2 per cent yesterday amid expectations that Opec will agree to extend curbs on production at its meeting this month.

Brent crude, the international benchmark, was trading at $62.72 a barrel, reversing four consecutive days of losses.

Separately, it emerged that the world’s most powerful oil trader, Mike Muller, of Royal Dutch Shell, would step down after 29 years with the company.

Mr Muller, known for handling as many as eight million barrels of oil per day, left after the appointment of Andrew Smith as Shell’s new head of supply and trading. He is set to leave at the end of the year. read more

Shell Canada says Quest carbon capture and storage project exceeds expectations

17 NOVEMBER 2017

Shell Canada’s Quest Carbon Capture and Storage (CCS) project in the Alberta oil sands has sequestered over two million tonnes of carbon dioxide underground. Quest, situated at Shell’s Scotford facility, hit the two million tonne target in July 2017, some 21 months after becoming operational. The company said the target was originally expected to be reached after two years, and the project was exceeding expectations.

“This project has just been incredibly exciting because not only are we proving that this technology works, but we are demonstrating that Canadians are at the forefront of carbon capture and technology,” said Shell Canada external relations advisor Conal MacMillan.

The CCS project, which is among just a handful throughout the world, captures CO2 emissions from the Shell upgrader in Scotford, a facility which processes crude bitumen from oil sands into a wide range of synthetic crude oils. read more

Analysis: Oil giants unlikely to share coal’s fate, for now

Ron Bousso, Simon Jessop, Susanna Twidale: NOVEMBER 17, 2017

The move by the $1 trillion fund, the world’s largest, rattled stock markets, exposing what is seen as one of the biggest threats to companies such as Royal Dutch Shell, Exxon Mobil and BP as the world shifts towards renewable energy such as wind and solar.

But in the meantime, expectations of growing global demand for oil and gas for decades to come mean reliance on these companies is likely to continue.

And although the Norwegian initiative will encourage those seeking to hasten the move to a low-carbon economy, the degree to which other investors can follow the fund’s example, at least in the short term, is less clear.

The European oil and gas index fell on Friday to its lowest since late September, extending declines following the Norwegian fund’s announcement. read more

Shell’s long-standing head of crude trading Muller quits

Ron Bousso, Dmitry Zhdannikov: NOVEMBER 17, 2017 LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) head of crude oil trading Mike Muller, has stepped down after 29 years with the company, an internal announcement reviewed by Reuters on Friday showed. Muller, one of the world’s most powerful oil traders, has relinquished his role with immediate effect and will leave at the end of the year “to pursue interests outside of Shell”. His departure follows the appointment of Andrew Smith as Shell’s new head of supply and trading earlier this year.

Mark Quartermain, currently head of refined products trading, has been appointed Vice President Trading and Supply Crude with effect from Dec. 1.

Under Muller, a Cambridge university graduate, Shell expanded trading aggressively, handling as much as 8 million barrels per day and often taking large position in core markets such as the North Sea, home to benchmark crude Brent.

Smith recently said trading was Shell’s “nerve centre” as it shifts millions of barrels of crude and refined products from fields to its refineries and consumers. read more

Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’

Norway’s proposal to sell off $35 billion in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.

The Nordic nation’s $1 trillion sovereign wealth fund said Thursday that it’s considering unloading its shares of Exxon Mobil Corp., Royal Dutch Shell Plc and other oil giants to diversify its holdings and guard against drops in crude prices. European oil stocks fell.

Norges Bank Investment Management would not be the first institutional investor to back away from fossil fuels. But until now, most have been state pension funds, universities and other smaller players that have limited their divestments to coal, tar sands or some of the other dirtiest fossil fuels. Norway’s fund is the world’s largest equity investor, controlling about 1.5 percent of global stocks. If it follows through on its proposal, it would be the first to abandon the sector altogether. read more

Big Oil is under pressure, unloved and on sale. 

  • Norway wants to dump its stakes in oil and gas companies
  • Proposal adds to doubts over industry’s long-term outlook

Big Oil is under pressure, unloved and on sale.

Energy giants from Exxon Mobil Corp. to Royal Dutch Shell Plc are struggling back to their feet after a three-year oil slump, while also fighting to prove they can survive for decades to come amid an accelerating shift to clean energy. So getting dumped by the world’s biggest investment fund wouldn’t be welcome news.

Norway’s $1 trillion sovereign wealth fund said on Thursday that it wants to sell about $35 billion of shares in oil and gas companies to make the nation “less vulnerable” to a drop in crude prices. Global energy giants favored by long-term investors including Italy’s Eni SpA, PetroChina Ltd. and Russia’s Gazprom PJSC account for more than $20 billion of that total. read more

Shell and AT&T Sign Global Networking Agreement

THE HAGUE, Netherlands, Nov. 16, 2017 /PRNewswire/ — AT&T* and Shell have signed an agreement for the provision of managed communications and network integration services for Shell globally. The agreement aligns with Shell’s strategy to transform its complex IT operations by adopting more market standard services and fosters the current relationship between the two companies for 5 ½ more years.

AT&T global integrated network solutions are available in countries that represent 99% of the world’s economy. Multinational businesses depend on AT&T’s advanced networking expertise to support their business around the globe. This is especially true for companies with a global footprint like Shell that includes many sites operating in difficult-to-access locations and/or under harsh weather conditions. read more

When Will Royal Dutch Shell Raise Its Dividend?

Aristofanis Papadatos: Nov 16, 2017

Summary

  • Royal Dutch Shell has not cut its dividend since World War II.
  • However, the company has paid the same dividend for 15 consecutive quarters.
  • Therefore, the big question is if and when its shareholders should expect the next dividend hike.

Royal Dutch Shell (RDS.A) (NYSE:RDS.B) offers a generous dividend yield, which currently stands at 5.9%. Nevertheless, the oil major has paid the same dividend for 15 consecutive quarters. Therefore, as most of its shareholders are holding the stock for its dividend, it is only natural that they wonder if and when they should expect the next dividend hike.

First of all, Shell has an enviable record in dividend payments to its shareholders. To be sure, the company has not cut its dividend since World War II. This achievement certainly confirms the exceptional business performance of the company. However, the company has markedly slowed its dividend growth rate during the last decade, as it has raised it by only 2.7% on average during this period. read more

Ohio officials visit Beaver County to learn about Shell cracker plant

Officials in Belmont County, Ohio, are eagerly awaiting a final investment decision on a cracker plant that could be built there but, in the meantime, they are learning everything they can from local officials who’ve already been through the process.

Officials in Belmont County, Ohio, are eagerly awaiting a final investment decision on a cracker plant that could be built there, but in the meantime, they are learning everything they can from local officials who’ve already been through the process. read more

World’s Biggest Wealth Fund Wants Out of Oil and Gas

The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks.  

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

“Our perspective here is to spread the risks for the state’s wealth,” Egil Matsen, the deputy central bank governor overseeing the fund, said in an interview in Oslo. “We can do that better by not adding oil-price risk.” read more

Norway shakes oil world by dumping investments

Norway is western Europe’s biggest oil producer and its giant sovereign wealth fund wants to reduce its exposure to oil which hit shares in BP and Royal Dutch Shell. Oil platforms in the Cromarty Firth, ScotlandANDREW MILLIGAN/PA

Norway’s giant sovereign wealth fund has unveiled plans to dump its entire holding in oil and gas companies in a $37 billion sell-off that was welcomed by campaign groups but put downward pressure on share prices. The $1 trillion fund, which manages the assets of the oil-rich nation, signalled its intent to prune its exposure to companies including BP and Royal Dutch Shell in a move aimed at making it less vulnerable to a permanent drop in the price of crude. SOURCE read more

Activist warns of cracker plant consequences

Mark Dixon discussed the hazards of having an ethane cracker plant close to Pittsburgh during a talk in the William Pitt Union Assembly Room Wednesday evening. (Photo by Issi Glatts | Staff Photographer)

Remy Samuels: Staff Writer: November 16, 2017

When Mark Dixon found out Shell Oil Company planned to build a petrochemical plant in nearby Beaver County, he immediately thought of the pollution and environmental devastation that would soon take place there.

“It really pissed me off,” Dixon said. read more

Shell to pay for cost of acquiring buffer property near cracker site

Shell Chemicals is in the process of paying for the acquisition of a piece of property that would serve as a buffer between the $6 billion ethane cracker plant in Potter Township and nearby industrial properties.

Jim Palmer, president of the Beaver County Corporation for Economic Development, said CED is acquiring about 54 acres that sit between the Shell site and the BASF and NOVA Chemicals properties.

The sale of the land, currently owned by the Lyondell Environmental Custodial Trust, is expected to close later this month. Palmer on Tuesday declined to disclose the sale price.

While Shell isn’t technically the buyer of the land, the company is underwriting the cost of CED acquiring the land. Under the agreement, CED will retain ownership but will sign a land covenant stating that no development of any kind can take place on the property. read more

One person injured after heavy oil leak at Shell Scotford northeast of Fort Saskatchewan

CATHERINE GRIWKOWSKY: 15 November 2017

One person was injured and the Shell Scotford site was evacuated for several hours after a heavy oil mixture leak on Wednesday afternoon.

The “hydrocarbon release” happened around 12:30 p.m. inside a processing unit at the Scotford Facility near Fort Saskatchewan, according to a statement sent by Tara Lemay on behalf of Shell. The all-clear was sounded at 6:30 p.m.

One person reported a minor injury and all non-essential personnel were moved off-site as a precaution, the statement said. All personnel were accounted for. read more

Employees relocated after ‘hydrocarbon release’ at Scotford upgrader outside Edmonton

Emergency crews were called to respond to a hydrocarbon release at a Shell Canada’s Scotford upgrader facility northeast of Fort Saskatchewan on Wednesday afternoon. Craig Ryan/ Global News

Emergency crews were called to respond to a hydrocarbon release at a Shell Canada facility northeast of Fort Saskatchewan on Wednesday afternoon.

The company said the incident unfolded at its Scotford upgrader facility which processes crude bitumen. Late Wednesday afternoon, Shell confirmed an alarm was sounded and personnel were “relocated away from the incident as a safety precaution.” read more

About 75,000 bpd of Gulf oil output still shut after Shell fire

Bryan Sims: NOVEMBER 15, 2015 HOUSTON (Reuters) – A combined 75,206 barrels per day (bpd) of oil and 215,122 million cubic feet per day of natural gas production are shut-in at four platforms in the wake of a Nov. 8 fire at Royal Dutch Shell’s (RDSa.L) Enchilada platform, according to U.S. government data.

The figures include Shell’s Enchilada, Salsa and Augers platforms in the Gulf of Mexico, as well as Hess Corp’s (HES.N) Baldpate platform and Hess-operated Conger field, according to the U.S. Bureau of Safety and Environmental Enforcement (BSEE).

Shell holds a 37.5 percent share in the Conger field.

Hess temporarily abandoned production at its Baldpate, Conger and Penn State fields, according to the company, adding that production coming through its Garden Banks Gas Pipeline system will be closed until further notice. read more

Shell’s Appomattox production platform

The big picture: The giant of the Gulf

10/12 INDUSTRY REPORT STAFF |

HALFWAY AROUND THE WORLD

In October, Ingleside, Texas, welcomed the hull of Shell’s Appomattox production platform, floating aboard a massive heavy-transport vessel, after its journey from halfway around the world. Construction of the host facility for Shell’s pioneering development will be completed in Ingleside after fabrication of the hull in South Korea. Shown here is the departure from South Korea.

BEHEMOTH ON THE SEA

A deepwater oil and gas development that will become Shell’s largest floating platform in the Gulf of Mexico, the sizeable host will tower 20 stories above the sea, float in 7,400 feet-deep waters (that’s five Empire State Buildings), span approximately three football fields across, and weigh more than the world’s largest naval aircraft carrier (125,000 metric tons). read more

Dutch PM to defend tax cut seen benefiting Shell, Unilever, British investors

Toby Sterlng, Bart H. Meijer: NOVEMBER 15, 2017

AMSTERDAM (Reuters) – Dutch prime minister Mark Rutte was in parliament on Wednesday for a second time to defend a tax cut that benefits Anglo-Dutch multinationals Royal Dutch Shell and Unilever, as well as British equity investors in general.

Rutte’s unexpected decision to scrap the 15 percent dividend withholding tax has played into resentment at firms that many politicians on the left already view as being taxed too lightly.

Populist Geert Wilders has loudly questioned why the Dutch should approve a measure that benefits foreigners. read more

UPDATE 2-Dutch court rejects government’s Groningen gas production plan

Wednesday’s decision was met with jubilation from Groningen citizens, many of whom have seen their houses damaged by the thousands of small earthquakes triggered by the gas extraction.

By Bart H. Meijer: NOVEMBER 15, 2017

THE HAGUE, Nov 15 (Reuters) – The highest Dutch administrative court has rejected the government’s plan to cap production at a major gas field that has caused damaging earthquakes, saying it might be possible to cut output further without endangering supplies.

The decision adds another chapter to the long fight over gas production in the northern Dutch province of Groningen, where citizens accuse the government of endangering their lives while protecting gas revenues. read more

Government’s Groningen gas production plan rejected by advisory council

Nov. 15, 2017 7:55 AM ET|By: , SA News Editor The Netherlands’ top administrative court rejects the government’s plan to cap production at the Groningen gas field and orders a new decision on how much gas can be extracted from the field where drilling has triggered minor earthquakes. The government had proposed capping production at 21.6B cm/year over the next five years, down from 24B cm in the production year just ended and 39.4B cm in 2015-16; the court orders the government to review its decision within the next 12 months, but production may be maintained at 21.6B cm for the year through Oct. 1, 2018. NAM, the joint venture between Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM) that operates the Groningen field, says it is studying the ruling.

SOURCE

RELATED

DutchNews.nl: Gas group NAM says more serious earthquakes will hit Groningen: 1 October 2014

EnergyVoice.com: Quakes force Dutch lawmakers to cut gas production: 11 March 2015

Bloomberg: Dutch Quakes Toss Wrench Into Gears of Europe Gas Market: 10 March 2015

Devastating report of a scary scenario: 07 March 2015

Dutch government says sorry for quakes caused by Groningen gas field: 02 March 2015

Reuters: Bells toll for Europe’s largest gas field: 02 March 2015

Groningen Gas Field Shock: Risk of earthquakes at 4.6 on the Richter scale: 24 Feb 2015 read more

Shell Says Yes To Free Cash Flow, No To Debt

Callum Turcan: Nov 15, 2017

Summary

  • Royal Dutch Shell generates free cash flow in Q3.
  • Outlook for Q4, even in light of impending capex increase, looks bright due to Brent rallying.
  • Over $10 billion in net debt reduction since the end of Q3 2016.
  • Overview of Q3 results and what to expect going forward.

Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has come a long way since it bottomed out in early-2016. Its latest earnings report reinforced the notion that when Brent is trading in the $50s, Shell’s cash flow position becomes balanced. Cash flow neutrality is the key breakeven point for the industry in the current environment, as oil & gas giants need to show that they can cover capital expenditures and large dividends through organic means at realistic prices. Let’s check out how Royal Dutch Shell did in a low $50s Brent world, with an eye on organic cash inflows and outflows. read more

Public Health Researcher Issues Dire Warning Over Proposed Ethane Cracker Plant

: 14November 2017

A public health researcher delivered a dire warning on Monday during a panel on the implications of the planned Royal Dutch Shell ethane cracker plant in Beaver County.

“When we allow industry to get way out in front of public health and environmental oversight, we end up counting bodies,” said Dr. Brian Schwartz of the Geisinger Center for Health Research in Montour County.

Schwartz studies how environmental changes caused by energy exploitation activities, such as fracking, affect public health. He made his comments during the “Shale and Public Health” conference at the University of Pittsburgh Graduate School Of Public Health, an event organized by the League of Women Voters of Pennsylvania. read more

Four Gulf of Mexico oil platforms shut after Enchilada fire: Shell

Reuters Staff: NOVEMBER 14, 2017

LONDON (Reuters) – Royal Dutch Shell said on Tuesday that production at four oil platforms in the Gulf of Mexico has been shut in the wake of a Nov. 8 fire at its Enchilada platform.

“Production is shut in at the Shell-operated Enchilada and Salsa platforms, as well as the associated Hess-operated Conger field,” in which Shell has a 37.5 percent share, it said in a statement.

“In addition, Shell safely shut in all production operations at its Auger platform due to downstream constraints caused by this incident.” read more

Woodside Falls Most in Year After Shell to Sell Stake

Shares falls as much as 3.5% in early Australia trading

Allan Gray Australia says it boosts stake in the LNG producer

Woodside Petroleum Ltd. fell the most in a year after Europe’s biggest oil company, Royal Dutch Shell Plc, said it would offloaded its entire holding in the Australian liquefied natural gas producer for $2.7 billion.

Woodside shares fell as much as 3.5 percent in intraday trading on Tuesday to A$31.10 ($23.74), and changed hands at A$31.19 at 11:51 a.m. in Sydney. Shell said it would sell an 8.5 percent stake in Woodside at A$31.10 a share, a 3.5 percent discount to Woodside’s closing price on Monday. The Anglo-Dutch company then expanded that sale overnight to exit its remaining 4.8 percent holding. read more

Shell to repair damaged portions at Enchilada platform, re-deploy personnel

Reuters Staff: NOVEMBER 13, 2017

(Reuters) – Royal Dutch Shell Plc said it was in the process of developing a plan for repairing the damaged parts at its Enchilada platform and re-deploying personnel following its shutdown after a fire last week.

“On Saturday November 11, an assessment team confirmed isolation of the platform from the 30-inch gas export pipeline and no presence of uncontained hydrocarbons,” a Shell spokesperson said.

The company has no timeline to resume normal operations at the platform, Shell added. read more

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