Royal Dutch Shell Group .com Rotating Header Image

Posts Tagged ‘Alternative Energy’

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

Shell to operate fast charging at selected Shell stations in the Netherlands and in the United Kingdom

Shell and Allego are working together to install and operate the first fast chargers for electric vehicles at selected Shell service stations. The project will include selected charging sites at Shell stations in the United Kingdom and in The Netherlands. The goal is that fast chargers are expected to be operational at all selected locations by the end of 2017. The first chargers are due to open in Greater London, Derby and the western part of the Netherlands (Randstad). read more

Aramco IPO: How It Will Stack Up Against Exxon & Shell

,

As Saudi Aramco’s much hyped IPO approaches, the company’s most recent annual review, released last week, provides insight into its strategic direction. Aramco has positioned itself to be accepted by investors as a major international oil company (IOC) and as a globally diversified energy enterprise with integrated downstream and sales operations around the world. Currently, Aramco is a national oil company (NOC), owned by the government. But upon its expected public offering of shares, it will join the ranks of other major IOCs. read more

Energy transition chatter should go beyond Western viewpoints, says Shell CEO

Don’t be tone deaf to energy transition concerns of emerging economies, Ben van Beurden tells the World Petroleum Congress.

By in Istanbul, Turkey: July 11, 2017 08:02 BST

Discussions over the global energy mix and the transition to a low carbon global economy should not only focus on Western perspectives, according to Royal Dutch Shell’s chief executive officer Ben van Beurden.

Speaking at the 22nd World Petroleum Congress in Istanbul, Turkey, van Beurden said “too often” energy transition is considered from the perspective of the European or the North American end-user.

“And it is true, that these areas of the world have a historical responsibility for the greenhouse gases in our atmosphere which translates into a responsibility to act today. 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

Shell acquires local power company MP2

By Ryan Maye Handy: 29 June 2017

Royal Dutch Shell said Thursday that it plans to acquire MP2 Energy, a power and retail electric company based in the Woodlands, as the oil major seeks to diversify its business.

The transaction, if approved by regulators, would expand Shell’s electricity business beyond the West Coast into Texas, the Midwest and the East Coast. MP2, which manages power plants and runs a retail electric business, serves mostly industrial and commercial customers. In Texas, however, it offers residential electric plans for customers, including a program with rooftop solar systems. The company also operates in Illinois, Ohio and Pennsylvania. 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 Energy North America Signs Purchase Agreement To Acquire MP2 Energy LLC

HOUSTON, June 29, 2017 /PRNewswire/ — Shell Energy North America (“SENA”) announced today that it has signed a purchase agreement for the acquisition of MP2 Energy LLC (MP2). Subject to regulatory approvals, the transaction is expected to be closed in the 3rd quarter of 2017.

Through self-developed proprietary systems and technology, MP2 provides market based solutions to commercial and industrial customers for managing energy supply, load, and generation.  MP2 is unique in its skill set and at the front of the curve when it comes to developing fit for purpose solutions to its customers, which face ever more complicated energy choices. read more

Shell boss backs G20 call to come clean on climate risks

Jillian Ambrose: 

Royal Dutch Shell boss Ben Van Beurden has joined over 100 major companies to back calls from a G20 taskforce for the world’s largest companies to come clean on the financial impact of climate change.

The task force, set up by the G20’s Financial Stability Board (FSB), is chaired by Michael Bloomberg and aims to cast a light on climate-related financial risk to avoid incubating a future global market shocks by mis-pricing companies and assets. read more

Shell Signs Agreement for biofuel technology

CALGARY, June 27, 2017 /CNW/ – Royal Dutch Shell plc, through its subsidiary Shell International Exploration and Production B.V. (“Shell”), and SBI BioEnergy Inc. have reached an agreement granting Shell exclusive development and licensing rights for SBI’s biofuel technology. Edmonton-based SBI has a patented process that can convert a wide range of waste oils, greases and sustainable vegetable oils into lower carbon drop-ins for diesel, jet fuel and gasoline. Under the agreement, Shell and SBI will work together to demonstrate the potential of the technology and, if successful, scale up for commercial application. read more

Shell in clean energy race

It wants to be leader in the business and establish itself across full value chain of renewables, alternative energies

Royal Dutch Shell aims to be a leader in clean energy and sees an opportunity in using its global presence and established brand to scale up the new energies business quickly as and when. PHOTO: REUTERS

ROYAL Dutch Shell aims to be a leader in clean energy and sees an opportunity in using its global presence and established brand to scale up the new energies business quickly as and when.

The second largest-publicly traded oil company in the world also plans on establishing itself across the full value chain of renewables and alternative energies as it has done for oil, said a senior executive in the firm. read more

Exxon, BP and Shell back carbon tax proposal to curb emissions

Exxon, BP and Shell back carbon tax proposal to curb emissions

Oliver Milman: Tuesday 20 June 2017

In a full-page newspaper ad on Tuesday, the companies called for a “consensus climate solution that bridges partisan divides, strengthens our economy and protects our shared environment”. Exxon and the others were listed as founding members of the plan… “ExxonMobil will try to dress this up as climate activism, but its key agenda is protecting executives from legal accountability for climate pollution and fraud,” said Naomi Ages, senior climate campaigner at Greenpeace USA. “A nicely worded public relations exercise is no cure for decades of deception.” read more

Shell Sees Ability to Manage Risk Giving Edge in Offshore Wind

Royal Dutch Shell Plc, Europe’s most valuable oil company, expects its expertise in managing risk will make it a market leader in developing the clean-energy industry.

Offshore wind projects are attracting billions of dollars of investment and will become “the energy backbone” for European countries from Germany to the U.K., said Mark Gainsborough, Royal Dutch Shell Plc’s head of new energies. 

Oil companies have a natural advantage in that business, since they have spent decades learning how to manage financial, political and project-development risks, he said. That gives them an edge over renewable energy developers, who prefer to pin down long-term power-purchase agreements or government support before moving forward. As the renewables industry shifts to more subsidy-free projects, it may be the established oil companies that can handle the gambles that come with competing at market prices. read more

Shell: step up building huge North Sea offshore wind farms

June 9, 2017

Wind energy not only has the potential to develop into the most important sustainable energy source, but it is also the cheapest means of generating power, according to Mark Gainsborough, head of Royal Dutch/Shell’s new energy division.

Gainsborough said the current generation of North Sea wind farms are too small. Speaking at a wind energy meeting in London earlier this week, he made a plea for larger cross-border offshore wind projects, the Financieele Dagblad said on Friday. read more

Shell still working to reduce emissions despite U.S. pullout from Paris agreement

President Donald Trump pulled the United States out of the Paris climate agreement Thursday, but one of the largest companies in the world said it will still do its part to provide clean energy.

Shell Chemicals, which is building a $6 billion ethane cracker plant along the Ohio River in Potter Township, said Thursday that the company’s “position on climate change and the importance of the Paris agreement is well known.” read more

Shell’s Make the Future Live attracts 30,000

Written by

Shell’s Make the Future Live took place at the Queen Elizabeth Olympic Park in Stratford, London from Thursday to Sunday.

The four-day extravaganza featured a number of inspiring and thoughtprovoking exhibits on the future of energy and how the world will have to move away from fossil fuels for energy in the future.

Some famous faces were also in attendance. Jason Bradbury from the Gadget Show and comedian Richard Ayoade hosted a podcast asking if London can become the world’s first carbon neutral city by 2050. read more

Energy-Generating Kites Backed by Shell Set for Test in Scotland

By Anna Hirtenstein: May 26, 2017 (Bloomberg) — Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this summer, with the aim of developing a technology that could eventually replace offshore wind turbines.

Kite Power Systems, known as KPS, is working on a 17-meter device that flies on air currents high above the ground and generates power by pulling at a cable. It raised 5 million pounds ($6.4 million) from the three energy giants last December.

“The reason we are interested in something like this is that it has potential to reduce the cost of offshore wind in the future,” said Geert van de Wouw, managing director of Shell Technology Ventures BV. “Fundamentally, looking at the science, flying the kite at high altitudes so there’s lots of wind, and the cost of materials is quite a lot lower than a normal offshore wind turbine.” read more

Royal Dutch Shell develops smart charging for electric cars to prevent blackouts

Shell plans to install ten rapid-charging points for electric vehicles on its British petrol station forecourts this year: SHELL

Royal Dutch Shell is stepping up its drive into the electric vehicle market by developing smart charging technology to prevent battery-powered cars causing blackouts.

The oil major said it had tested the service, which intelligently controls when cars draw electricity from the grid, in London, Hamburg and San Diego, and was drawing up plans for its commercial deployment.

An increasing number of companies are looking at the issue because of concerns that power grids cannot cope with the demand from even modest numbers of electric vehicles charging at the same time. read more

Shell defeats activist uprising as it faces down rising climate concerns

Jillian Ambrose

Royal Dutch Shell has convincingly defeated a climate activist uprising after facing down one of its most bitter stand-offs with shareholders over its climate goals.

Around 94pc of shareholders voted down a special resolution calling for the oil giant to set and publish annual targets to reduce carbon emissions at its AGM in the Hague on Tuesday. The board also survived a vote on executive pay which was backed by 93pc of shareholders.

But anger over the group’s focus on fossil fuels dominated the meeting, underlining the mounting pressure facing oil majors to address public concern. read more

Shell shareholders reject emissions target proposal

By Karolin Schaps | THE HAGUE

Royal Dutch Shell (RDSa.L) shareholders on Tuesday widely rejected a proposal by an environmental group calling for the oil company to set and publish annual targets to reduce carbon emissions.

The vote is a setback for climate activists who are increasing pressure on global oil companies, including U.S. firms Exxon Mobil (XOM.N) and Chevron (CVX.N), to become more ambitious in helping combat climate change.

Around 94 percent of Shell shareholders who cast a vote decided against resolution 21, according to final results reported following the company’s annual general meeting (AGM) in The Hague. Roughly 5 percent of voters abstained. read more

Shell CEO says climate change is real, but energy demand growth is ‘unstoppable’

The threat of climate change is real and action is needed, says Ben van Beurden, the chief executive of Royal Dutch Shell.

Ben van Beurden also touched on the oil giant’s transformation, millennials, the new Trump administration and more in a May 17 interview with The Washington Post.

It’s been a turbulent couple of years for the Shell chief executive. With the roller coaster in crude oil prices, the company’s stock has lurched from a high of $83.12 a share six months after he took charge to a low of $36.87 a share. The stock has climbed back, but revenues have plunged by a third since 2013. The shareholders’ annual meeting is Tuesday at The Hague. read more

SHELL CEO WARNS TRUMP AGAINST BREAKING PARIS CLIMATE DEAL

By Janene Pieters on May 22, 2017 – 11:05

American companies will face detrimental consequences if U.S. president Donald Trump decides to withdraw his country from the Paris climate agreement, Shell CEO Ben van Beurden warned in an interview with British newspaper Financial Times. Van Beurden is one of the first to criticize Trump’s decisions from the business community, which is set to benefit from Trump’s promises of tax cuts and relaxed rules, RTL Nieuws reports. read more

A Look at the Gas Stations of Tomorrow

A concept Shell station has a restaurant and collection spot for online shoppers (left), deli (right), solar panels to help power the station, blue-topped chargers and fueling points for electric and hydrogen vehicles—and, yes, gas pumps at back right. PHOTO: SHELL

FULL ARTICLE

Investors Demand Details On Shell’s Emission-Driven Bonus Pay

By Tsvetana Paraskova – May 17, 2017, 1:24 PM CDT

In March this year, Shell said that it is proposing a Directors’ Remuneration Policy, subject to shareholder approval at the 2017 Annual General Meeting (AGM) on May 23, 2017. The policy, if approved by shareholders, will be effective until the 2020 AGM, unless shareholders approve other policies in the meantime.

The proposed remuneration policy for executives includes, among other things, new metrics for greenhouse gas (GHG) management, and these now form 10 percent of the annual bonus scorecard, Shell said. read more

Oil and Mining Giants Detail Road Map to Reduce Carbon by Half

by Mark Chediak: 25 April 2017, 05:01 BST

A group of companies and non-profit agencies that includes energy giants Royal Dutch Shell Plc and BHP Billiton said global greenhouse gas emissions could be cut in half by 2040 without impeding economic development, in part by converting grids to use mostly renewable power.

The declining costs of wind, solar and batteries will make it possible within 15 years to build power networks that get as much as 90 percent of their power from renewable sources while providing electricity at a cost that’s competitive with fossil-fuels, according to a report released Tuesday by the Energy Transitions Commission, a group of energy companies, investors and non-profit organizations including the Rocky Mountain Institute. read more

Exxon and Shell Join Ivanka Trump to Defend Paris Climate Accord

by Jennifer A Dlouhy 17 April 2017, 19:30 BST

As President Donald Trump contemplates whether to make good on his campaign promise to yank the United States out of the Paris climate accord, an unlikely lobbying force is hoping to talk him out of it: oil and coal producers.

A pro-Paris bloc within the administration has recruited energy companies to lend their support ahead of a high-level White House meeting Tuesday to discuss the global pact to curtail greenhouse-gas emissions, according to two people familiar with the effort who asked not to be identified. read more

Shell wants Dutch government to target 20 GW in offshore wind by 2030

Apr. 13, 2017 8:25 AM ETBy: , SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) says it has urged the Dutch government to come up with bolder offshore wind targets and quadruple the goal for installed capacity to 20 GW by 2030.

Shell, which has traditionally invested little in green energy sources, is ramping up renewable energy investments to $1B/year by the end of the decade after pressure from shareholders.

Some of the company’s recent activities in renewable energy include winning a contract leading a consortium to build a wind farm off the coast of the Netherlands and bidding for an offshore wind license in the U.S. read more

Royal Dutch Shell’s CEO Ben van Beurden hails “significant steps” taken to tackle climate change

Written by

The hailed the progress made in recent years, such as the Paris Agreement, as marking a worldwide change in attitude in moving towards a low carbon economy.

In the opening remarks of the supermajor’s sustainability report for 2016, he describes how Shell is working to help meet the world’s growing demand for more and cleaner energy.

In his introduction, van Beurden said: “In 2016, the world took significant steps towards building a low-carbon energy future. The United Nations (UN) Paris Agreement and the UN’s sustainable development goals came into force, setting new targets for tackling climate change, promoting sustainable economic growth and providing access to modern energy. read more

Trump’s climate change executive order won’t change coal’s fortunes, Shell chair says

 : 30 March 2017

President Donald Trump‘s effort to roll back Obama-era climate change policies will not do much to improve demand for coal at America’s power plants, Royal Dutch Shell Chairman Chad Holliday said Thursday.

Coal’s use in U.S. power plants has been falling for years in the face of stiff competition from natural gas. Former President Barack Obama‘s initiatives to rein in the impacts of climate change have hastened the retirement of old, inefficient coal-fired plants and the switch to cleaner-burning natural gas. read more

Shell adds hundreds of jobs in new unit focusing on alternative energy

LeAnne Graves

SINGAPORE // Shell has added hundreds of jobs to its New Energies division as it plans to expand further in alternative fuels, wind and solar, a company executive said.

The oil and gas giant created a new division last year that focuses on investing in hydrogen, biofuels, solar and wind. Mark Gainsborough, Shell’s executive vice president of new energies, said the division’s workforce has expanded to more than 200 staff as the company looks to invest in excess of US$1billion per year by 2020. read more

Shell CEO’s plan for a smaller carbon footprint

Patti Domm: 9 March 2017

Royal Dutch Shell‘s announcement of the sale of $7.25 billion in Canadian oil sands assets Thursday is an important step to turning itself into a company of the future — with a broader mix of energy assets and a smaller carbon footprint.

Shell CEO Ben van Beurden said the company is committed to reshaping itself and believes that renewables and new energy will play a bigger role. The company is retaining just 10 percent of its Canadian sands assets.

“We are right in the middle of transforming the company into the company of the future,” he said at the CERAWeek conference in Houston, sponsored by IHS Markit. read more

Shell CEO urges switch to clean energy as plans hefty renewable spending

The oil and gas industry risks losing public support if progress is not made in the transition to cleaner energy, Royal Dutch Shell Plc (RDSa.L) Chief Executive Ben van Beurden said on Thursday.

The world’s second largest publicly-traded oil company plans to increase its investment in renewable energy to $1 billion a year by the end of the decade, van Beurden said, although it is still a small part of its total annual spending of $25 billion.

The CEO said that the transition to a low carbon energy system will take decades and government policies including putting a price on carbon emissions will be essential to phase out the most polluting sources of energy such as coal and oil. read more

Shell Oil accused of ignoring climate threat known in 1991

By Valerie Richardson – The Washington Times – Thursday, March 2, 2017

The #ExxonKnew campaign never quite panned out as climate change activists had hoped, unless their goal was to see Exxon Mobil CEO Rex W. Tillerson sworn in as secretary of state. But that failure wasn’t enough to stop #ShellKnew.

Shell Oil came under fire this week from environmentalists after a Dutch blogger unearthed a 1991 video, “Climate of Concern,” produced by Shell warning of the possible consequences of climate change, prompting accusations that the company chose to ignore the situation in order to maximize profits. read more

Shell “knew of climate change danger” since 1991 – Greenpeace response

Published by Greenpeace Southeast Asia: Thursday 2 March 2017

A film in 1991, produced by Shell, shows that the oil giant has long known about the catastrophic risks of climate change.

The film, titled Climate of Concern, was obtained by the Correspondent, a Dutch online journalism platform, and published in The Guardian’s article ‘Shell knew’: oil giant’s 1991 film warned of climate change danger.

In response, Desiree Llanos Dee, Climate Justice Campaigner for Greenpeace Philippines, said:

“Exxon knew. Shell knew. Now we must get to the bottom of what other fossil majors know and what they plan to do to avert catastrophic climate change. Shell’s empty rhetoric on climate is wholly contradicted by the core assumption underlying its business plans – global temperature increases in excess of 3°C and its lobbying against measures to mitigate climate change. read more

In A 1991 Film, Shell Oil Issued A Stark Warning About Climate Change Risks

WASHINGTON — “Action now is seen as the only safe insurance.” 

That was among the many clear warnings that oil giant Shell issued in a film it produced about climate change more than 25 years ago. Many environmentalists, however, argue that the company has largely ignored its own alarm bells.

The 1991 film, “Climate of Concern,” resurfaced Tuesday on the Dutch online news outlet The Correspondent. It’s the latest in an ever-growing body of evidence that suggests the oil industry has long known about the climate risks associated with carbon dioxide emissions — and has actively worked to cover them up. read more

Hindenburg Memories Cloud Shell’s Vision of Hydrogen Future

by Jess Shankleman

28 February 2017, 00:01 GMT 28 February 2017, 08:27 GMT

Taxi driver Theo Ellis, the first person in Europe to drive Toyota Motor Corp.’s hydrogen-powered Mirai sedan for business, loves telling passengers about the technology that emits nothing but water.

They ask him about its costs, greenness, and the majority inquire about safety. To his passengers, the word “hydrogen” evokes memories of the Hindenburg, the airship that was destroyed in half a minute when it caught fire in 1937, or the H-bomb, a successor to what the U.S. dropped on Japan to end World War II. read more

Boss Of Royal Dutch Shell In The UK Describes Trump’s Clean Energy Stance As ‘Disappointing’

The Huffington Post: Boss Of Royal Dutch Shell In The UK Describes Trump’s Clean Energy Stance As ‘Disappointing’

George BowdenReporter, The Huffington Post UK

The boss of Shell in the UK has labelled President Donald Trump’s stance on new, cleaner forms of energy as “disappointing”.

Asked whether Trump had cast doubt the need for a global transition to green energy, Sinead Lynch, country chair of Shell in Britain, told The Huffington Post UK: “It’s disappointing. Obviously what we really want is a collaboration and alignment across all governments internationally, regionally, locally.”

As part of a renewed on focus on fossil fuels Trump’s administration has promised to open new coal mines, deleted references to climate change from White House websites, and pledged to scrap Barack Obama’s 2013 climate pact. read more

Shell Looks Beyond Dutch Waters for Offshore Wind Investments

by Jess Shankleman

22 February 2017, 14:23 GMT

Royal Dutch Shell Plc may contract to build offshore wind farms in the U.K. and across Europe, after winning a bid to build one of the cheapest projects on record last year, Shell U.K. chair Sinead Lynch, said in an interview.

Europe’s biggest oil supplier is exploring opportunities across Europe for offshore wind, Lynch said at a press event on Wednesday at a Shell service station outside London, where she was opening the company’s first U.K. hydrogen refueling station. read more

Shell and Toyota Partner on California Fueling Stations for Hydrogen Cars

By Craig Trudell , Yuki Hagiwara , and John Lippert

20 February 2017, 20:30 GMT: 21 February 2017, 00:21 GMT

Royal Dutch Shell Plc will build seven fueling stations for hydrogen cars in California through a partnership with Toyota Motor Corp., laying down their latest bet on the demise of the internal-combustion engine.

The stations will nudge the state closer to its goal of having 100 retail sites by 2024 where hydrogen fuel-cell vehicles can fill up. The California Energy Commission is considering $16.4 million in grants toward the stations, with Shell and Toyota contributing $11.4 million. read more

Shell nears deals to sell $5 bln of assets -CFO

By Karolin Schaps and Ron Bousso | LONDON

Royal Dutch Shell (RDSa.L) is close to selling assets totaling $5 billion to cut debt following its acquisition of BG Group, the oil major said on Thursday as it reported its lowest full-year earnings in more than a decade.

Dealmaking in the oil and gas sector has been muted for more than two years due to collapsing oil prices, but as crude prices recover buyers and sellers are starting to agree on price tags.

For Shell, disposals of $3 billion in the fourth quarter helped shave $4.5 billion off its net debt and increase cashflow by 8 percent in the last three months of the year, Europe’s largest oil and gas company said. read more

Shell and Total set to provide electric car charging ports at UK and Dutch garage forecourts

Written by Energy reporter – 30/01/2017 1:47 pm

Oil supermajors Royal Dutch Shell and Total are preparing to introduce battery charging points at European petrol stations as the the energy giants respond to rising sales of electric cars.

A selection of Shell’s filling stations across the UK and Netherlands will be the first to offer the service later this year, according to the Financial Times.

Total is said to be working on a similar move in a bid to capitlise on the emerging electric car market. read more

Shell to install chargers for electric cars on European forecourts

by: Andrew Ward, Energy Editor: 29 Jan 2017

Royal Dutch Shell is preparing to introduce battery charging points at some European petrol stations… Shell’s filling stations in Britain and the Netherlands — the Anglo-Dutch group’s home markets — will be the first to offer the service later this year, according to John Abbott, its director of downstream business.

FULL ARTICLE SUBJECT TO SUBSCRIPTION

Shell, Statoil make shortlist for US offshore wind licence

Written by Mark Lammey – 19/01/2017 6:00 am

The US Government said yesterday that it had cleared Shell and Statoil to bid for an offshore wind farm licence off North Carolina later this year.

The 122,405 acre Kitty Hawk licence will be offered in a commercial wind lease sale on March 16, the US Interior Department said yesterday.

Shell and Statoil are among nine companies to have made the shortlist.

Last month, Statoil said it had won an offshore wind lease off New York with a $42million bid. read more

Oil majors, car makers to push hydrogen technology to help cut emissions

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

The heads of some of the world’s biggest oil firms and automakers agreed on Tuesday to push for broader global use and bigger investments in using hydrogen to help reduce emissions and arrest global warming.

The oil firms’ and car makers’ chiefs said the plan was part of global efforts to keep global warming well below 2 degrees Celsius, an ambitious goal agreed by 195 countries in Paris in 2015. read more

Toyota, Shell Among Giants Betting $10.7 Billion on Hydrogen

by John Lippert: 17 January 2017, 21:00 GMT Updated on 18 January 2017, 00:23 GMT

Toyota Motor Corp. and four of its biggest car-making peers are joining oil and gas giants including Royal Dutch Shell Plc and Total SA with plans to invest a combined 10 billion euros ($10.7 billion) in hydrogen-related products within five years.

In all, 13 energy, transport and industrial companies are forming a hydrogen council to consult with policy makers and highlight its benefits to the public as the world seeks to switch from dirtier energy sources, according to a joint statement issued from Davos, Switzerland. The wager demonstrates that batteries aren’t the only way to reduce pollution from cars, homes and utilities that are contributing to climate change. read more

Opec outflanked

By Ed Crooks of the Finacial Times: January 13, 2017

In the 1930s many newspapers carried impressively detailed diagrams showing France’s defences along the German border, described by Popular Mechanix and Inventions magazine as the “world’s greatest underground fortifications”. By the end of May 1940, Hitler had demonstrated that while the Maginot Line might indeed be an engineering marvel, it was also irrelevant, as his panzer divisions swept past it through Belgium and into France. Last year’s agreement between leading oil-producing countries to curb their output had something of the same feel about it this week. read more

Oil Prices

Extracts from a weekly briefing by Ed Crooks: January 6, 2017

In our predictions for 2016, we were right that oil would end the year over $50 – modesty forbids me from mentioning which writer made that forecast – but missed that an agreement between Opec and non-Opec producers would be one of the factors underpinning the price. For 2017 Anjli Raval made the call, arguing that crude was again likely to end the year above $50, on the grounds that a lower price would still be too low to enable sufficient investment in production to meet demand. read more

‘’EVs, Solar Could Push Oil Down To $10 By 2025’’

By Charles Kennedy – Dec 20, 2016, 4:38 PM CST

That prediction comes from Engie SA’s innovation chief, Thierry Lepercq, who says that oil demand will be hit on multiple fronts. He lays out five tsunamis: solar power, battery storage, electric vehicles, “smart” buildings, and cheap hydrogen. “Even if oil demand continues to climb until 2025, its price could drop to $10 if markets anticipate a significant fall in demand,” Lepercq told Bloomberg in an interview. Solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a ‘J’ curve,” he added. “Hydrogen is the missing link in a 100 percent renewable-energy system, but technological bricks already exist.” read more

Oil Producers Turn to Wind Power

By ZEKE TURNER and SARAH KENT

Updated Dec. 26, 2016 7:36 a.m. ET

The Netherlands wants to build the world’s largest offshore wind project, and an unlikely company is helping: Royal Dutch Shell PLC.

A Shell-led consortium won a bid this month to build and operate a portion of the Netherlands’ giant Borssele wind project in the North Sea. Once complete, the Shell-built section will generate enough power for roughly a million homes at a price of €54.5 ($56.95) per megawatt hour—a customer rate approaching that of cheaper power sources like coal or gas. read more

%d bloggers like this: