Royal Dutch Shell Group .com Rotating Header Image

Posts Tagged ‘Royal Dutch Shell Plc’

Shell hits back at criticism of tax structure

Shell hits back at criticism of tax structure

Reports allege oil group’s plan has cost Dutch treasury as much as £6.1bn in lost income

Shell has hit back at criticism of a tax structure it set up as part of a relocation of its headquarters from London to The Hague following reports that it has cost the Dutch treasury as much as €7bn (£6.1bn) in lost income. Calls have been made for the European commission to investigate the oil group’s tax affairs after reports claimed that a multibillion-euro bill has been avoided through the use of an offshore trust in Jersey since 2005. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Disputes EUR7 Billion Lost Tax Claim – Guardian

Shell Disputes EUR7 Billion Lost Tax Claim – Guardian

LONDON (Alliance News) – Royal Dutch Shell PLC has “hit back” against claims regarding its relocation from London to the Netherlands, which resulted in a EUR7 billion loss of income to the Dutch treasury, the Guardian reported on Monday.

Dutch newspaper Trouw claimed that the British-Dutch multinational oil & gas company’s Dutch tax authority agreement conflicted with EU rules and that Shell owes “as much as EUR7 billion” in taxes.

“I am astonished about the way we are portrayed in Trouw. This is tendentious. The fact that our headquarters is in the Netherlands has been very good for the Dutch treasury,” Shell Nederland President Director Marjan van Loon said in a statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

DUTCH GOV’T UNDER FIRE OVER TAX DEAL WITH SHELL

By Janene Pieters on June 18, 2018 

The Tweede Kamer, the lower house of Dutch parliament, wants the government to explain a controversial deal that Shell made with the Dutch tax authorities in 2005. As a result of this deal, Shell’s British shareholders are exempt from dividend tax in the Netherlands, through which the Dutch treasury lost out on over 7 billion euros, newspaper Trouw reported on Saturday.

The Kamer now wants to know whether this tax deal is allowed under Dutch law, and whether any politicians were involved in making it, according to newspaper AD. SP leader Lilian Marijnissen called it a “stinky” deal. GroenLinks wants a parliamentary inquiry into dividend tax. And the four coalition parties – VVD, CDA, D66 and ChristenUnie – jointly submitted questions to State Secretary Menno Snel of Finance.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell May Be Rediscovering Its Swagger in Texas Shale Oil Country

By Kelly Gilblom: 18 June 2018, 05:00 BST

Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship.

Shell is said to have bid, with partner Blackstone Group LP, on a portfolio of U.S. shale assets BHP Billiton Ltd. wants to sell for about $10 billion. If it wins, the Anglo-Dutch oil major could exceed its goal of doubling its American onshore output, according to JPMorgan Chase & Co.

That would boost the unit’s free cash flow — currently on track to grow by $2 billion by 2025 — and turn around a shale portfolio that is currently “mid-lower ranked,” analysts from the bank including Christyan Malek said in a report. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Dutch ecologist party asks for investigation of Shell dividend tax payment

Dutch ecologist party asks for investigation of Shell dividend tax payment

Sat 16 June 2018

The Dutch ecologist party, Groen Links, has asked parliament this Saturday to appoint a commission to investigate payment of taxes on dividends by multinational oil company Shell. According to newspaper Trouw, company has since 2005 avoiding this rate “with permission of Dutch Treasury, through Jersey, island of channel of La Mancha [a dependence British Crown]”. During those years, “Shell has distributed among its shareholders about 45 billion euros, of which 7 billion should have been entered in coffers of state.” Shell claims that it has not violated tax rules. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s home energy supplier hikes bills by 5.9pc

Shell’s home energy supplier hikes bills by 5.9pc

By Jillian Ambrose,

The energy supplier owned by Royal Dutch Shell will raise the energy bill of around 165,000 British homes by almost 6pc from next month.

First Utility, the largest energy supplier outside of the Big Six, said the rising price of wholesale energy and policy schemes pushed its costs higher by 9pc compared to last year.

As a result the supplier will “regrettably” lift its standard variable tariff for gas and power by an average of 5.9pc, or £5.58 a month.

First Utility’s default tariff will rise from an average of £1,132 a year to £1,199 a year, but this only applies to around 20pc of its customers. The rest have opted for fixed prices deals which won’t change. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Forgotten no more: Shell Oil preserves slave cemeteries

Forgotten no more: Shell Oil preserves slave cemeteries

Associated Press

by ASSOCIATED PRESS: Published: Thu, June 14, 2018 8:48 AM Updated: Thu, June 14, 2018 8:49 AM
In this taken March 28., 2018 photo, shows the Bruslie Cemetery, a burial ground for slaves in New Orleans. The Shell Oil Company has spruced up, marked and blocked off tracts of its land in the Convent community west of New Orleans where archaeologists confirmed the presence of slave burial grounds in 2013. (AP Photo/Kevin McGill)
CONVENT, La. (AP) — A major oil company is taking steps to honor once-forgotten slaves buried on its land west of New Orleans in an area where sugar plantations once abounded, an effort that some hope will grow into a larger movement to recognize and protect such cemeteries around the country.

The Shell Oil Company marked, blocked off and spruced up the tracts near its Convent refinery west of New Orleans and held dedication ceremonies in March, about five years after archaeologists confirmed the presence of slave burial grounds in 2013. The company also has been working with the nearby River Road African American Museum to arrange commemorative events and accommodate visitors.

It’s the latest example of the South’s decades-long path to acknowledging unsavory aspects of its history. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Italy’s top court rejects appeal to stymie Shell, Eni corruption trial

REUTERS STAFF: JUNE 13, 2018 / 4:03 PM

ROME (Reuters) – Italy’s Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a corruption trial that has also involved Eni’s chief executive, legal sources said on Wednesday.

The long-running graft case on alleged corruption in Nigeria, revolves around the 2011 purchase by Eni and Shell of Nigeria’s OPL-245 offshore oilfield for about $1.3 billion. The trial began last month, with the next hearing set for June 20. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Italy’s top court tosses appeal in Shell, Eni corruption trial

|By: , SA News Editor

Italy’s Supreme Court rejects an appeal from Royal Dutch Shell (RDS.ARDS.B) and four former Shell managers to reverse a trial on alleged corruption in Nigeria, which also has implicated Eni (NYSE:E) CEO Claudio Descalzi.

The appeal hoped to reverse the trial to the preliminary hearing stage due to what it said were procedural errors, but the court ruled that the appeal was inadmissible.

Nine current and former company executives or contractors, including Descalzi, are accused by Italian prosecutors of paying bribes to secure the license to explore Nigeria’s OPL-245 offshore oilfield, which holds ~9B barrels of oil but has never entered production. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

A Quick Snapshot Of Shell’s Integrated Gas Business

A Quick Snapshot Of Shell’s Integrated Gas Business

Buys, holds and hopes Opinions expressed by Forbes Contributors are their own.

 Trefis Team , Contributor

Royal Dutch Shell’s (NYSE: RDS.A) Integrated Gas business accounts for 20% of the company’s value, according to our estimates. LNG price movement is closely related to that of crude oil prices. As such, the average price realization for LNG was lower in 2015 and 2016. However, a recovery in oil prices since the second half of 2017 led to better price realization for Shell in the recent quarters, and this has aided the segment growth. We expect a low single digit segment revenue growth in 2018, and beyond, led by an increasing demand for LNG. We have created an interactive dashboardhighlighting the company’s Integrated Gas business. You can adjust revenue drivers and margins for 2018 and 2019 to see how it impacts the company’s overall revenues, earnings, and price estimate. Below we discuss our expectations and forecasts for the segment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Prelude FLNG Receives Cool-Down Cargo

BY MAREX 2018-06-11 12:58:00

Shell’s giant floating liquefied natural gas plant (FLNG), the Prelude, moved closer to production last week when she received a cool-down cargo from the LNG carrier Gallina.

The 70,000 dwt Gallina transferred a load of LNG to the Prelude on Wednesday and Thursday as the plant prepares for commissioning. It was the first time that Prelude has had an LNG carrier alongside to test the plant’s sophisticated loading arms.

Prelude is now testing its systems in preparation for first gas from Shell’s Prelude field, which holds an estimated three trillion cubic feet of natural gas (in combination with the adjacent Concerto field). Royal Dutch Shell hopes to begin generating revenue from the multi-billion-dollar project sometime this year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Orbit Energy Ltd and Shell Energy Europe Ltd Announce Five-Year Agreement

LONDON, June 11, 2018 /PRNewswire/ —

Orbit Energy Ltd, an exciting new entrant to the Great Britain (GB) electricity and gas market, has agreed to an exclusive five-year deal with Shell Energy Europe Ltd for the supply of its power, gas and environmental products.

This agreement allows Orbit Energy to hedge its commodity risk and secure competitive energy prices for its customers, enabling accelerated growth in 2018.

“Adding Shell Energy Europe as our strategic trading partner allows us to provide stable prices and peace of mind to our customers from day one. This partnership is a critical milestone, one that will support sustainable growth through continuity of supply for all Orbit Energy customers”; said Tim Szakacs, Co-founder and CEO, Orbit Energy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Dutch government proposes faster cuts in Groningen gas production

|By: , SA News Editor

  • The Netherland’s Groningen gas field will produce less than 12B cm/year by October 2020, the country’s economic affairs minister says.
  • The purchase of nitrogen to mixed with imported gas could lead to a reduction in gas extraction of 1B-1.5B cm, the minister says in a letter to the Dutch parliament, adding that Groningen gas production could drop by another 7B cm once the nitrogen plant in Zuiderbroek is operational.
  • In March, Prime Minister Rutte said the government aimed to end all production in Groningen by 2030 due to earthquakes.
  • Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM).
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell campaigner loses High Court case against Corrib gas pipeline

    Shell campaigner loses High Court case against Corrib gas pipeline

    MAURA HARRINGTON – Campaigner against the Shell Corrib gas project in Co Mayo. Alone, unrepresented, faced four senior counsel. 

    A campaigner against the Shell Corrib gas project in Co Mayo has lost her High Court bid to overturn a ministerial consent for a pipeline bringing gas to a refinery at Ballinaboy.

    Maura Harrington, who has opposed the project since 2001, has described it as “a land, sea and air attack on the place that is Erris”. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Oil majors to bid on choice stakes in Brazil’s offshore

    Oil majors to bid on choice stakes in Brazil’s offshore

    RIO DE JANEIRO (Reuters) – Executives from oil majors were set to gather in Rio de Janeiro on Thursday to compete for stakes in Brazil’s pre-salt oil play, home to some of the world’s most alluring offshore geology, as rising oil prices boost appetite for expensive offshore projects.

    A record 16 companies, including Chevron Corp, BP Plc and Royal Dutch Shell Plc registered to bid for four blocks in the offshore Campos and Santos basins, part of the so-called fourth pre-salt auction on Thursday. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    The World’s Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog

    ,

    Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corp.

    The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales due to lofty commodity prices. Irving, Texas-based Exxon came in at 13th, the same as last year. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Makes A Big Bet On Deepwater, The Norphlet

    Jun. 5, 2018 1:09 AM ET

    Summary

    • Shell has made a huge bet on a deeply buried resource in the Gulf of Mexico.
    • In this article we explain, why they continue to spend billions of dollars in Deepwater, when other companies have abandoned it.
    • We also provide a range where we would consider adding to our Shell position.

    FULL ARTICLE

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Settles With Epa For Hazardous Waste ViolationsBay

    Shell Settles With Epa For Hazardous Waste ViolationsBay

    City News Service: Published 11:37 pm, Monday, June 4, 2018

    Shell Oil will pay a settlement to the U.S. Environmental Protection Agency for hazardous waste violations at a crude oil refinery near Martinez. The settlement will include a $142,664 civil penalty and $220,300 in equipment improvements. The initial EPA complaint included failure to manage and report hazardous waste materials…

    FULL ARTICLE

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    As Trump Riles Europe on Trade, Putin Offers More Natural Gas

    …the EU may protect the companies financing Nord Stream 2. Those include Royal Dutch Shell Plc…

    By William Wilkes and Ewa Krukowska
    4 June 2018, 05:00 BST

    As Donald Trump’s trade policy risk worsening economic conflict with Europe Union, Russia’s Vladimir Putin is strengthening ties with the region.

    Putin will mark 50 years of gas exports to Europe at an event in Vienna on Tuesday. A controversial 9.5 billion-euro ($11 billion) pipeline to feed more supplies from Siberia directly into Germany is progressing despite a U.S. sanctions threat. And Moscow-based Gazprom PJSC last month settled a seven-year-old pricing dispute with the European Union, enabling it to expand its market share. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell climate ambition snubbed by seven out of eight largest Dutch insurance firms

    Seven out of eight of the Netherland’s largest insurance companies snubbed Shell’s climate ambition by abstaining or voting with a fringe group’s resolution.

    Written by

    Only one insurer, Allianz, voted against the resolution put forward by shareholder activist group, Follow This, who are calling for Shell to align its targets with the Paris Climate Agreement at its most recent AGM.

    The three insurers based in the Netherland’s who voted for the resolution, Vivat, NN and Aegon, represent more than £850 million in investment.

    APG, Achmea IM and Achmea Own abstained from the vote, Allianz rejected the resolution, while ASR closed Shell of investments for sustainability reasons. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Pope to address oil majors in Vatican climate conference

    FILE PHOTO: Pope Francis arrives to lead the Wednesday general audience in Saint Peter’s square at the Vatican, May 23, 2018. REUTERS/Stefano Rellandini/File Photo Philip Pullela: June 1, 2018 VATICAN CITY (Reuters) – The Vatican will host executives of the world’s top oil companies for a conference next week on climate change and the transition away from fossil fuels, a Vatican source said on Friday.

    Pope Francis, who wrote a major document on protection of the environment from global warming in 2015, is expected to address the group on the last day of the June 8-9 conference.

    The conference, organized by Notre Dame University in the United States, is expected to be attended by the heads or senior executives of companies including ExxonMobil, Eni, BP, Royal Dutch Shell and Pemex, the source said.

    The oil and gas industry has come under increasing pressure from investors and activists to play a bigger role in reducing the emissions of greenhouse gasses in order to meet goals set out in a 2015 climate agreement signed in Paris. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Tries to Market Some of Its Natural Gas as Clean Energy

    By Mathew Carr, 1 June 2018

    Royal Dutch Shell Plc is attempting to market some of its natural gas as clean energy, packaging it with credits for eco-friendly projects that offset pollution coming from the fuel.

    The oil giant is offering business customers in Europe a combination of gas and certificates that show emissions are offset with financing for carbon-reduction projects. It’s testing markets in Germany, Italy, Spain and Britain to gauge demand for what credits to use, according to David Wells, head of Shell Energy Europe. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell adds competitive, deep-water production in the US Gulf of Mexico

    Kaikias, an economically resilient, subsea development in the US Gulf of Mexico

    HOUSTON, May 31, 2018 /PRNewswire/ — Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announces today the early start of production – around one-year ahead of schedule – at the first phase of Kaikias, an economically resilient, subsea development in the US Gulf of Mexico with estimated peak production of 40,000 barrels of oil equivalent per day (boe/d).

    Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in early 2017, lowering the forward-looking, break-even price to less than $30 per barrel of oil. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Petronas Takes 25% Stake in Shell-Led Canadian LNG Project

    By Elffie Chew and Natalie Obiko Pearson: 31 May2018

    (Bloomberg) — Malaysia’s Petroliam Nasional Bhd. agreed to take a 25 percent equity stake in a proposed liquefied natural gas project in Canada led by Royal Dutch Shell Plc.

    The Canadian unit of Shell will hold a 40 percent stake, while subsidiaries of PetroChina Co. and Mitsubishi Corp. will have a 15 percent share each, according to a statement from Thursday from Petronas. A unit of Korea Gas Corp. will hold 5 percent. The announcement confirmed an earlier Bloomberg News report that a deal was imminent. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Malaysia’s Petronas buys 25 percent stake in LNG Canada project

    Shell will continue to be the biggest owner in LNG Canada, holding a 40 percent stake.

    Reuters Staff: MAY 31, 2018

    SINGAPORE (Reuters) – Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd [PETR.UL] said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.

    The company, known as Petronas, will buy an equity stake in LNG Canada, an export project led by Royal Dutch Shell located in Kitimat, British Columbia, said Petronas in a statement. The purchase is expected to close in the next few months, the company said. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Friends of the Earth says to sue Shell over climate change

    Reuters Staff: Tuesday 29 May 2018

    LONDON (Reuters) – Friends of the Earth plans to file a lawsuit against Royal Dutch Shell (RDSa.L), accusing the oil company of failing to act on climate change, the environmental activist group said on Tuesday.

    Shell has set out “ambitions” to halve carbon emissions by 2050 and expand in renewables, but the Anglo-Dutch company has come under pressure from investors and activists to reduce its carbon footprint and comply with the 2015 international Paris climate agreement. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    WSJ: Pollution worsens around Shell oil spills in Nigeria

    |By: , SA News Editor

    A confidential study that Royal Dutch Shell (RDS.A, RDS.B) has been accused of trying to shield from public view showed worsening “catastrophic” pollution around oil spill sites in Nigeria, WSJ reports.

    At least one of the study’s authors has urged the findings to be widely distributed because they pointed to significant health risks to the local Bodo community in Nigeria but said that Shell had denied him permission to publish the study’s results in a scientific journal, according to the WSJ report. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Judge wants more info from big oil companies in climate change lawsuits

    May 25, 2018 12:42 PM ET|By: , SA News Editor

    A federal judge yesterday said he needed more information before deciding whether to dismiss lawsuits by the cities of San Francisco and Oakland alleging that Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Royal Dutch Shell (RDS.A, RDS.B), BP and ConocoPhillips (NYSE:COP) should pay to protect residents from the impacts of climate change.

    The judge also wants the companies to produce additional material backing up claims that they should not be a part of the case because the court lacked jurisdiction over them. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Tanzanian MP Wants Shell-BG U.S.$500 Million Transaction Investigated

    Tanzanian MP Wants Shell-BG U.S.$500 Million Transaction Investigated

    Dodoma — Momba MP Mr David Silinde (Chadema) has asked the Parliament to form a special committee to investigate the transaction between Shell and BG over Tanzania’s gas blocks alleging that Shell did not pay capital gain tax.

    Debating the budget of the Ministry of Energy on Friday, Mr Silinde said the company should pay the tax estimated at $500 million.

    “There is a possibility that the transaction involved corruption. Hence, denies the country the revenue which could address different challenges in the energy sector,” said Mr Silinde. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Brazil only gets bid from Shell for its pre-salt oil

    Reuters Staff: MAY 24, 2018

    By Luciano Costa

    SAO PAULO, May 24 (Reuters) – An auction of oil by the Brazilian government from coveted offshore pre-salt fields has only attracted the interest of one bidder, Royal Dutch Shell Plc , a person familiar with the matter said on Thursday.

    The auction, scheduled for May 30, is the first time the government will sell its share of oil in the pre-salt, where billions of barrels of crude are trapped beneath a thick layer of salt under the ocean floor. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Judge to hear oil companies’ bid for dismissal of climate change lawsuits

    The five defendants are the world’s largest investor-owned oil companies: Chevron Corp., Exxon Mobil Corp., ConocoPhillips, BP PLC, and Royal Dutch Shell PLC.

    By on May 24, 2018 7:59 am

    Five oil companies are due to ask a federal judge on Thursday to dismiss a pair of climate change lawsuits filed by the cities of Oakland and San Francisco.

    U.S. District Judge William Alsup will hear arguments on the companies’ motions for dismissal in his San Francisco courtroom at 8 a.m. Thursday.

    The lawsuits filed last year claim the corporations created a
    public nuisance by producing “massive quantities” of oil and natural gas and promoting their use while knowing they lead to global warming and rising sea levels. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Nigeria’s Bodo community claims win over Shell after latest UK court ruling

    REUTERS STAFF: MAY 24, 2018

    By Estelle Shirbon

    LONDON, May 24 (Reuters) – A British judge ruled on Thursday that Nigeria’s Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year.

    Lawyers for Bodo had accused Shell of trying to kill off the legal case by seeking a court order that would have meant the community had to meet onerous conditions before it could revive its litigation, which is currently on hold. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Makes Large Heartland Discovery In Gulf Of Mexico

    Map showing the location of Shell’s Dover discovery and its proximity to Shell’s new Appomattox host in the U.S. Gulf of Mexico 

    HOUSTON, May 24, 2018 /PRNewswire/ — Shell Offshore, Inc. (“Shell”) today announced a large, deep-water, exploration discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell). The Dover discovery is Shell’s sixth in the Norphlet and encountered more than 800 net feet of pay (244 meters). The discovery is located approximately 13 miles from the Appomattox host and is considered an attractive potential tieback. Shell’s Appomattox host has now arrived on location in the U.S. Gulf of Mexico and is expected to start production before the end of 2019. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    The Mystery of a Geneva Briefcase, Nigeria Middleman and Big Oil

    By Hugo Miller , Kelly Gilblom , and Sergio Di Pasquale: 24 May 2018, 08:40 BST Updated on 24 May 2018, 10:23 BST

    A briefcase seized from a Geneva apartment two years ago could be the key to an Italian bribery case against Royal Dutch Shell Plc and Eni SpA — if it makes it to Milan in time.

    The bag held SIM cards, Nigerian passports, a laptop and a hard drive containing more than 40,000 documents, and belonged to Emeka Obi, according to a spokesman for the Geneva Prosecutor’s Office. Swiss prosecutors found it during a raid for an unrelated investigation and are trying to get it to their Italian colleagues, who are prosecuting Obi as an alleged middle man in a $1.1 billion kickback scheme involving the energy companies vying for a Nigerian oil license.

    Obi’s lawyers persuaded a Geneva judge to put the contents of his briefcase under seal, citing his rights to privacy. Now a decision by Geneva’s Measures of Constraint Court on whether to lift that seal is expected as soon as this month.

    While officials in Milan have moved forward with charges against the oil companies without the briefcase, the evidence could strengthen the graft case. The trial, which centers around events in 2011, begins on June 20. Milanese Prosecutor Fabio De Pasquale said he has “sent more reminders” to the Swiss saying he wants the briefcase, underscoring its importance. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Climate Change Warriors’ Latest Weapon of Choice Is Litigation

    By Jeremy Hodges, Lauren Leatherby and Kartikay Mehrotra
    May 24, 2018

    In the global fight against climate change, one tool is proving increasingly popular: litigation.

    From California to the Philippines, activists, governments and concerned citizens are suing the biggest polluters and national governments over the effects of climate change at a break-neck pace.

    “The courts are our last, best hope at this moment of irreversible harm to our planet and life on it,” said Julia Olson, an attorney for Our Children’s Trust, a legal challenge center in the U.S. that is involved in climate change litigation across 13 countries, including the U.S., Pakistan and Uganda. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    German solar battery maker sonnen secures Shell cash to expand

    Vera Eckert: May 23, 2018 FRANKFURT (Reuters) – German solar battery maker sonnen has secured 60 million euros ($71 million) in funds from Shell Ventures and existing shareholders to expand at home and abroad.

    Shell Ventures, a unit of the Anglo-Dutch oil major that has been boosting its investments in solar and other renewables, was a lead investor in the latest funding round, sonnen Chief executive Christoph Ostermann told Reuters.

    “With this money, we can get started on important investment plans, especially in the United States and Australia,” he said, adding that existing shareholders also contributed extra cash.

    “We also want to invest in broadening our sonnen community and our virtual power plant (VPP), and expand our offering of grid-related services,” the sonnen CEO said, adding that the firm aimed to turn a profit in Germany in two years. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Nigeria: Shell’s Oil Spill Dispute With Nigerian Villagers Back in UK Court

    Nigeria: Shell’s Oil Spill Dispute With Nigerian Villagers Back in UK Court

    Lawyers for the Bodo community in Ogoniland of Rivers State, which was devastated by two major oil spills in 2008, went to court in London yesterday to fend off what they said was an attempt by Shell to kill off their litigation.

    This is coming as crude oil price rose briefly to $80 per barrel yesterday after the United States toughened its stance on Iran and Venezuela, key oil producers and members of the Organisation of Petroleum Exporting Countries (OPEC).

    The Bodo oil spills have been the subject of years of legal wrangling. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    City heavyweights head for Putin’s business forum

    The chief executives of some of the biggest British-listed companies are set to travel to Russia this week for a business forum hosted by President Putin, despite simmering tensions over visas and US sanctions against the country.

    The oil bosses Bob Dudley, of BP, and Ben van Beurden, of Royal Dutch Shell, are scheduled to speak at the St Petersburg Economic Forum on Friday. Ivan Glasenberg, chief executive of Glencore, the mining and commodities group, and Xavier Rolet, former chief executive of the London Stock Exchange, are also due to take part. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell confirms award of 39 North Sea exploration blocks

    Shell confirms award of 39 North Sea exploration blocks

    Written by

    Oil giant Shell today confirmed it had acquired 39 North Sea exploration blocks as a part of the 30th Offshore Licencing Round.

    In a statement, Shell said that the 39 blocks break down as 11 operated and 28 non-operated blocks within the North Sea.

    Data from the Oil and Gas Authority (OGA) shows that Shell has acquired two operational blocks within the west of Shetland, five within the Central North Sea (North) and further four within the Central North Sea (South).

    A Shell spokesperson said “Shell UK can confirm that on 23 May 2018, we were awarded 39 exploration blocks, 11 operated and 28 non-operated, by the UK Oil and Gas Authority (OGA) in the 30th UK Licensing Round. The acreage was applied for on 21 November.” read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell’s oil spill dispute with Nigeria’s Bodo villagers back in UK court

    Estelle Shirbon: MAY 22, 2018

    LONDON (Reuters) – Lawyers for the Bodo community in Nigeria’s oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation.

    The Bodo oil spills have been the subject of years of legal wrangling. In 2015, Shell accepted liability for the spills, agreeing to pay 55 million pounds ($83 million at the time) to Bodo villagers and to clean up their lands and waterways. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Sees Off Controversial Votes on Climate Change, CEO Pay

    Photographer: Andrey Rudakov/Bloomberg

    Kelly Gilblom: 22 May 2018, 14:48 BST

    Royal Dutch Shell Plc has seen off the two most debated issues at its shareholder meeting — the boss’s pay and responsibility in tackling climate change. But not without a degree of drama.

    The company won the backing of about 94 percent of shareholders to not set specific emission-reduction targets, with Chief Executive Officer Ben van Beurden saying it is taking “leadership” on the issue. However, while almost 75 percent of investors also approved the remuneration report, it faced stiffer resistance after an influential advisory firm asked them to reject the package. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Large investors ask Shell to set targets to comply with Paris climate accord

    May 22, 2018

    A group of 26 large institutional investors have petitioned Shell to formulate concrete goals in its effort to address the terms of the Paris climate accord.

    The 26 investors, which have a total of $7.8trn under management, presented a statement to the Anglo-Dutch energy giant during Shell’s AGM in The Hague. The group of  26 includes HSBC Global Asset Management, AXA Investment Manager, Aegon, Calpers en MN.

    In its statement, the investors applauded Shell’s ambition to reduce its carbon footprint by 50% and called on other oil and gas companies to follow suit. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell boss hit by shareholder revolt over £8m pay

    A quarter of Shell shareholders turned on Ben Van Beurden after he pocketed €8.9m (£7.8m)

    Jillian Ambrose: 

    The boss of Royal Dutch Shell has suffered a bruising shareholder revolt after more than a quarter of its investors voted against his multi-million euro payout for last year.

    Ben Van Beurden pocketed €8.9m (£7.8m) for 2017 after trebling the company’s profits to $12.1bn (£9bn) as the oil giant staged an impressive recovery from a crash in prices.

    But shareholders took against the FTSE 100 boss after an accident in Pakistan last year claimed the lives of more than 200 people in an explosion of a fuel tanker operated by one of the energy giant’s subsidiaries. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Over $40 million of fuel stolen from Shell refinery, Singapore court documents show

    John Geddie, Rolan Khasawneh: MAY 22, 2018 SINGAPORE (Reuters) – Singapore authorities have levied new charges against a group of fuel thieves operating at Royal Dutch Shell’s oil refinery in the city-state, raising the value of the stolen fuel to over $40 million (30 million pounds) from around $10 million in earlier charges, according to court documents reviewed by Reuters on Tuesday.

    Five former employees of Shell’s (RDSa.L) Singapore subsidiary received 51 additional charges in court on Friday for suspected theft at the Pulau Bukom refinery, Shell’s biggest, to bring the total allegations against them to 63 each, the documents showed.

    The charges relate to incidents involving a total of 66,141 metric tonnes of gasoil valued at around $32.1 million between late April 2017 through to early January this year.

    An additional three former Shell employees received eight additional charges for incidents involving 16,394 metric tonnes of gasoil valued at around $8.4 million, raising their total allegations to 15. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell shareholders adopt CEO pay by 75 percent majority

    FILE PHOTO: Ben van Beurden, CEO of Royal Dutch Shell company, speaks during a meeting with Russian President Vladimir Putin in Moscow, Russia June 21, 2017. REUTERS/Sergei Karpukhin

    Reuters Staff: May 22, 2018

    THE HAGUE (Reuters) – Royal Dutch Shell (RDSa.L) shareholders on Tuesday approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden’s 8.9 million euro ($10.51 million) package, by a majority of 75 percent.

    The 2016 remuneration resolution won the support of more than 92 percent of shareholders. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Investors turn up heat on Shell over climate targets

    Ron Bousso: MAY 22, 2018

    THE HAGUE (Reuters) – Top investors in Royal Dutch Shell on Tuesday stepped up pressure on the oil and gas giant to commit to hard targets to reduce greenhouse gas emissions to battle climate change.

    Shell has set out “ambitions” to halve carbon emissions by 2050 and expand in renewables energy, which Chief Executive Officer Ben van Beurden said were ground breaking for the oil industry.

    To view a graphic on Shell emissions, click: reut.rs/2Iya7Hf

    “Nobody else comes close, it is seriously ambitious,” van Beurden said of Shell’s plan at the company’s annual general meeting in The Hague. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Nigeria: Court Fixes Tomorrow to Rule On N122bn Judgment Debt Against Shell, FBN

    By Davidson Iriekpen: 21 May 2018

    Justice Ibrahim Buba of the Federal High Court in Lagos has fixed tomorrow to rule on the garnishee proceedings filed by some Ogoni chiefs from Ejama community in Rivers State against the Central Bank of Nigeria (CBN) and First Bank of Nigeria Limited for their failure to pay a N122 billion judgment debt against Shell Petroleum Development Company Limited (SDPC).

    The judge also fixed the same day to rule on whether to jail the Chairman of First Bank, Mrs. Ibukun Awosika, for failing to pay the amount as ordered by a Federal High Court in Owerri, Imo State. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell urged to resist calls to fall into line with Paris climate accord

    20 MAY 2018 • 7:30PM

    Britain’s largest shareholder advisory groups have called on investors in Royal Dutch Shell to reject growing demands for the oil giant to take full responsibility for its impact on the environment.

    Shell faces a binding shareholder vote tomorrow to decide whether to adopt rigorous accountability standards to bring its operations into line with the Paris climate agreement. Glass Lewis and ISS have urged shareholders to reject the “unduly burdensome” and “problematic” proposal. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell and BP may face further shareholder opposition at AGM

    Shell and BP may have to face down shareholder opposition to their chief executives’ pay packets at their annual general meetings next week.

    Written by

    And for the third year in a row, Shell investors will vote on a resolution asking the company to set clear goals for meeting climate change targets.

    Recommendations by the Institutional Shareholders Services (ISS) once again focus heavily on the pay of top executives at the energy giant, with ISS raising concerns over the 80% rate of bonus delivered to the CEO of Shell despite only reaching 70% on sustainable development targets.

    Similarly, investors advisory firm Pensions and Investment Research Consultants (PIRC) continued to caution shareholders against sanctioning BP chief executive Bob Dudley’s remuneration package, which it called “excessive” in 2017 as it soared by more than £1 million to £9.5m. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Spreads Its Bets Around as It Prepares for a Greener Future

    Shell closed a deal to buy First Utility, a British energy company that owns neither power plants nor gas pipelines, in March. CreditTom Jamieson for The New York Times

    By Stanley Reed

    COVENTRY, England — There seems to be little about the scrappy energy company in central England that would appeal to Royal Dutch Shell, the button-down oil giant.

    The little company, First Utility, is an upstart challenger. It offers friendly customer service, and low prices on electricity and natural gas. But it doesn’t own any power plants or gas pipelines; First Utility is a virtual energy company — the product of technological advancement and deregulation. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
    %d bloggers like this: