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Posts Tagged ‘Royal Dutch Shell Plc’

Nigerian govt’s suit against Shell, Eni adjourned

A Federal High Court in Lagos was on Monday forced to adjourn continuation of hearing until November 15 in a suit filed by the federal government against Shell Western Supply and Trading Ltd over alleged crude oil shipment worth $406.8 million.

The suit, filed by the federal government’s counsel, Fabian Ajogwu, has Shell Petroleum Development Company of Nigeria Ltd and its subsidiary — Shell Western Supply & Trading Ltd as defendants.

The News Agency of Nigeria reports that continuation of trial was stalled on Monday following the absence of the judge, Mojisola Olatoregun, who was said to be attending a conference in Abuja. read more

Iraq may offer Total, Chevron terms different from Shell for Majnoon field development

OCTOBER 21, 2017

BAGHDAD (Reuters) – Iraq may offer Chevron (CVX.N) and Total (TOTF.PA) terms to develop the Majnoon oilfield different from those it had given to Royal Dutch Shell (RDSa.L), Iraqi Oil Minister Jabar al-Luaibi said on Saturday.

Iraq will develop the Majnoon oil field in southern Iraqi by its own means until it can find a foreign partner, Luaibi told reporters, adding that no company has been selected yet.

Luaibi said on Oct. 9 that Chevron and Total are among the companies that have expressed interest in developing Majnoon that Shell has said it wants to leave because of unfavourable changes to fiscal terms. read more

Shell to offload Norwegian pipeline and part of gas plant

The oil major has entered into an agreement to sell its 9% share of the Polarled gas pipeline which connects Statoil’s Aasta Hansteen field in the Norwegian North Sea with the Nyhamna gas processing plant.

Shell plans to sell the stake to CapeOmega AS, which is owned by European acquisition fund HitecVision.

The deal also includes £% of the 15.03% stake in the Nyhamna gas plant, one of the largest of its kind on the Norwegian continental shelf.

The transaction is expected to be completed by 2017, subject to approval by the Ministry of Petroleum and Energy and the Ministry of Finance. read more

We contributed $29bn to Nigeria in four years – Shell

Simon Utebor, Yenagoa

Shell Petroleum Development Company has said that its economic contribution to the Nigerian government in four years is $29bn.

The company’s General Manager, External Relations, Mr. Igo Weli, made this known in Yenagoa, the Bayelsa State capital, during the 2017 Swamp West Hub Integrated Stakeholders Engagement Forum for Tarakiri/Egbema/Oporoma Community Leadership.

Weli , represented by the Assets Manager, Swamp West Hub, SPDC, Mr. Mesh Maithibi, also said the company contributed $1.8bn to the Niger Delta Development Company’s funds within the period for the development of communities in the region. read more

Shell: 90 % of Degradation in N’Delta Caused by Oil Theft, Sabotage

By Emmanuel Addeh in Yenagoa: 21 Oct 2017

The Shell Petroleum Development Company (SPDC) says the degradation of the environment in the Niger is mainly due to spillages from the activities of crude oil thieves, sabotage of facilities, illegal refining and other third party interferences, rather than negligence by the company.  

Representatives of the oil multinational firm who spoke in Yenagoa, Bayelsa State, during the 2017 West Hub Integrated Stakeholders Engagement Forum for Tarakiri/Egbemo/Oporomor communities, urged all stakeholders to rethink the destruction being done to the environment with a view to effecting the needed change.    read more

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

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

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

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

Shell switches on to ‘rapid recharge’ for electric vehicles

Written by

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

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

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

Shell director resigns amid Rio Tinto fraud allegations

director of Shell has resigned after being charged with fraud in relation to his former job at global miner Rio Tinto.

Guy Elliott said he would step down from his non-executive director role at Shell with immediate effect after US regulator the Securities and Exchange Commission charged him in relation to a botched coal deal while he was chief financial officer at Rio.

Mr Elliott has been charged with fraud alongside Rio Tinto and its former chief executive Tom Albanese over allegations they hid the true value of coal assets in Mozambique following a disastrous acquisition.

Rio took a $3bn (£2.28bn) writedown on Riversdale Mining in 2013. It bought the coal project in the southern African country for $3.7bn in 2011 but sold it for just $50m three years later, after realising it would be unable to ship coal downriver to port. read more

Local cracker project at heart of Shell’s massive investment in chemicals industry

Royal Dutch Shell is pursuing a massive shift in its business model by focusing heavily on the petrochemical business, something that has its roots right here in Beaver County.

Royal Dutch Shell is pursuing a massive shift in its business model by focusing heavily on the petrochemical business, something that has its roots right here in Beaver County.

Shell, the multi-national oil and gas giant that is one of the largest companies in the world, will have three new petrochemical projects come online early next decade. In addition to the local cracker project, Shell is making other chemical-sector investments in Louisiana and another in China. read more

US shale to help power Shell’s multi-billion dollar chemicals drive

Jillian Ambrose: 

Royal Dutch Shell will begin construction of a new $10bn petrochemicals site in the gas-rich Marcellus shale basin in the US within the next ten weeks as part of a radical growth plan for its petrochemicals business.

The oil major told investors that global demand for petrochemicals – which are used to manufacture the raw materials used to make plastics, paints and textiles – is set to grow by around 50pc by the end of the decade, making it a key area for the company’s growth. read more

Gas producers pumping up demand

  • The Wall Street Journal

After spending hundreds of billions of dollars to transform themselves into global natural gas giants, some of the world’s biggest energy companies face a new challenge: generating more demand as supplies threaten to balloon and prices languish.

Companies including Royal Dutch Shell, Total and Cheniere Energy are trying to establish new markets for liquefied natural gas, a super-chilled version of the fuel that can be shipped around the world. Producers are promoting the use of LNG for industrial trucking and shipping. Companies also say they are considering building the power plants and infrastructure necessary to provide gas and electricity in developing markets such as South Africa and Vietnam. read more

Slowing Demand Growth to Push Big Oil From Cars to Chemicals

Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to consultant Wood Mackenzie Ltd.

Major crude producers will have to adapt to significant changes in the coming years, but their businesses can grow. Oil consumption will keep expanding until at least 2035 as the petrochemical industry, which provides the building blocks to manufacture everything from plastics to pesticides, makes up for the contraction in some transport fuels, Wood Mackenzie said in a report on Monday. read more

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

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

By Ben Marlow: 

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

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

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

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

Malabu Oil Deal: Investigators Reveal Roles Played By Obasanjo, Russian Pres. Putin, Gusau, Etete, And Ex House Of Rep Member, Bature

BY SAHARA REPORTERS, NEW YORK OCT 15, 2017

The Malabu oil scandal, which began in 1998 under the military regime of the late General Sani Abacha, had the quartet of former President Olusegun Obasanjo, General Aliyu Mohammed Gusau a former National Security Adviser; Mr. Dan Etete, former Petroleum Resources Minister; Russian President Putin and House of Representatives member, Umar Bature as lead actors at various stages.

The transaction, which birthed the scandal, began when the Abacha regime decided to encourage indigenous participation in the upstream sector of the oil and gas industry. The regime allocated oil blocks to Nigerian companies at a reduced cost of $20 million per block. read more

Zambian villagers win right to sue Vedanta in English courts

Separately, Leigh Day is representing residents from the Niger Delta in a case against Royal Dutch Shell and has appealed against a High Court ruling earlier this year that the company could not be sued in London over oil spills in Nigeria. That case will be next heard in November.

Barbara Lewis: OCTOBER 13, 2017 / 2:33 PM

London’s Court of Appeal on Friday threw out miner Vedanta’s attempt to block the Zambians’ legal action over alleged pollution of their villages.

Vedanta said in a statement it would seek the right to appeal to the Supreme Court, the highest in the English legal system, adding the decision was on jurisdiction only and “was not a ruling or a determination on the merits of the claims”.

Three senior High Court judges dismissed an appeal by Vedanta and its Zambian subsidiary Konkola Copper Mines (KCM)against a ruling in May last year when a High Court judge decided the claim could proceed in the English courts on behalf of 1,826 Zambian villagers. read more

Shell lost €140m on Corrib gas field in 2016, accounts show

The field was discovered in 1996, but objections and protests by locals who feared the development’s impact on the environment delayed its development.

Barry O’Halloran: 14 Oct 2017

The Corrib natural gas field off the west coast lost €140 million last year, according to accounts filed by its operator, Shell E&P Ireland.

Global oil and gas giant, Royal Dutch Shell, is selling its 45 per cent stake in the Corrib operator to a Canadian pension fund for up to €1.08 billion.

Accounts for Shell E&P Ireland show that it lost €140 million in 2016 as the cost of running Corrib exceeded the revenues that it earned.

The figures show that the company’s sales were €182.2 million, but costs of €359.4 million and a near €10 million interest bill left it with losses of €187 million. A tax credit of €47 million reduced this to €140 million. read more

Shell to close Rijswijk technology centre, move staff elsewhere

October 12, 2017

Shell is closing its global headquarters for technology and research in Rijswijk and moving some 2,000 workers to Shell operations in The Hague and Amsterdam, broadcaster NOS said on Thursday.

The company, which said earlier this year that hundreds of jobs will go in Rijswijk and Amsterdam, claimed the move will not cost any more jobs and is unconnected to those previously-announced, NOS said.

‘We have looked at our locations in the Randstad area and decided to reduce them from four to three,’ a spokesman told the broadcaster. ‘Our headquarters are being renovated and our location in Amsterdam expanded so we will have more room there. That will be more efficient.’ read more

Shell buys NewMotion charging network in first electric vehicle deal

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

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

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

Group drags Shell to London court over 2011 Nigeria Bonga oil spill

A Non-Governmental Organisation has filed a suit in a London court against Shell Nigeria Exploration & Production Company, SNEPCO, over a 2011 oil spill in Nigeria’s Niger Delta region.

The NGO, the Oil Spills Victims Vanguard, filed the case on September 21 at the TTC High Court of Justice, London, on behalf of the victims of the Bonga oil spill.

The spill, said to have been caused by an operational error on the part of SNEPCO, had about 40,000 barrels of crude oil discharged into the Atlantic Ocean, and affected at least 350 communities in Delta and Bayelsa states. read more

Shell served improvement notice over gas leak blunder

Offshore workers were exposed to the risk of fire and explosion after blunder led to a gas leak on a southern North Sea installation.

Written by

The uncontrolled release took place on the Barque PB, a normally unmanned platform, on July 19.

Around 138kg of flammable hydrocarbon gas was released from pipework connected to the vessel V2000, according to the Health and Safety Executive.

A subsequent probe found that flammable gas had been used to leak test the pipework instead of inert nitrogen gas – which was available.

Failings were found in the arrangements for the effective planning, organising and control for the reinstatement of the pipework. read more

Shell divests its interest in Comgas for a headline of US$380 million

HOUSTON, Oct. 10, 2017 /PRNewswire/ — Shell Gas BV, Shell Brazil Holding BV and Integral Investments BV (“Shell”) today announce they have signed an agreement with Cosan Ltd. to execute an existing Put Option Agreement, which allows Shell to sell all of its 16.8% interest in Companhia de Gas de São Paulo (“Comgás”) to Cosan Ltd. Under the agreement, Shell will exchange its ~21.8 million common shares in Comgás for Cosan S.A. Indústria e Comércio (“Cosan SA”) shares plus cash. read more

Shell seeks buyers for Oman field stake – sources

Ron Bousso, Clara Denina: OCTOBER 10, 2017 / 3:55 PM

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) is seeking to sell its 17 percent stake in the Mukhaizna oil field in Oman, which could fetch up to $200 million, banking sources said. 

The sale process is led by investment bank Rothschild, the sources said.

Shell and Rothschild did not respond to requests for comment. 

The Mukhaizna heavy oil field, operated by Occidental Petroleum (OXY.N), reached an average oil production rate of 127,000 barrels of oil equivalent per day in 2016, according to Occidental’s annual report. read more

Shell chief punctures myths surrounding gas exporters

 Business columnist, Melbourne: 10 Oct 2017

Shell Australia’s new chair, Zoe Yujnovich, has injected what for some will be an uncomfortable dose of reality into what has been a generally misleading debate about the role that the three big Queensland export LNG plants have played in the east coast energy crisis.

In an address to the national energy summit yesterday, Ms Yujnovich took issue with the widely accepted narrative that exports from the three plants off Gladstone have created a shortage of gas on the east coast and driven a spectacular surge in gas prices for households and manufacturers. read more

Shell Files Permit Application for Pennsylvania Cracker Ethane Pipeline

Jamison Cocklin: October 9, 2017 An affiliate of Royal Dutch Shell plc last month submitted a permit application to the Pennsylvania Department of Environmental Protection (DEP) for the nearly 100-mile ethane pipeline system designed to feed the multi-billion dollar cracker under construction.

Shell Pipeline Co. LP continues to secure easements for the two-leg Falcon Ethane pipeline that would extend into West Virginia and Ohio. The company will need various federal, state and local approvals for the pipeline.

The Pennsylvania DEP is working to determine if the application is complete before it moves ahead with the actual review. Construction of the pipeline, which would have a capacity of more than 100,000 b/d, is expected to begin between 2018 and 2019. Shell is constructing the cracker in western Pennsylvania’s Beaver County and plans to start operations in the early 2020s. FULL ARTICLE read more

Chevron starts LNG output at Australia’s Wheatstone, first cargo expected in weeks

OCTOBER 9, 2017

* Wheatstone had been due to start shipping in mid-2017

* First cargo expected in “coming weeks”

* Wheatstone LNG will produce 8.9 million tpy at full capacity (Adds trader, Woodside comments, chart, factbox in related content section)

By Sonali Paul

MELBOURNE, Oct 9 (Reuters) – Chevron Corp said on Monday it has started producing liquefied natural gas (LNG) at its Wheatstone project in Australia, slightly later than expected, and plans to ship its first cargo soon. read more

Will Amazon want to be downwind of the Shell cracker plant?

Oct 7, 2017: One of Amazon’s considerations in choosing a location for its second headquarters is quality of life. If Amazon gets wind of what emissions will spew forth from the Shell cracker plant under construction in Beaver County — and surely it knows — it doesn’t bode well. For any of us.

We, Amazon or otherwise, are all downwind of the pollutants yet to come, with intimidating names like VOCs (volatile organic compounds) and NOs (nitrogen oxides), which combine to make ozone, which makes it hard to breathe. The projected amount is three times that emitted at our Clairton Coke Works. The projected emission of CO2, carbon dioxide, a greenhouse gas, is over 2 million tons annually. read more

Oil Majors Face Lawsuits on Climate Change Issues

October 06, 2017, 04:44:00 PM EDT By Zacks Equity Research

Two major Californian cities – San Francisco and Oakland – have filed lawsuits against five oil and energy super majors in late September. The cities have taken legal action against Chevron Corp., ConocoPhillips, Royal Dutch Shell plc, ExxonMobil Corp. and BP p.l.c.

The companies have been accused of causing an adverse impact on the climate, resulting in global warming. The plaintiffs hold these fossil fuel companies accountable for rising sea levels, changing landscapes, higher global temperatures and increased risk of storms and droughts. read more

Shell to enter Turkey’s retail electricity market

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

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

Gazprom and Shell confirm their interest in implementation of Baltic LNG project

2017 October 5 15:37

Gazprom and Shell have confirmed their interest in implementation of the Baltic LNG project, IAA PortNews correspondent cites Aleksandr Medvedev, Deputy Chairman of the Board, Gazprom, and Maarten Wetselaar, Integrated Gas and New Energies Director, Shell, as saying at the 7th St. Petersburg International Gas Forum (SPIGF-2017).

“Baltic LNG project will develop and we are participating in it financially”, said Maarten Wetselaar.

According to Shell, global LNG demand is 265 mln t per year and its growth prospects are good, particularly due to the markets of China, India and other Asian countries. read more

Australia closing in on Qatar as world’s top LNG exporter

* Australia LNG exports tipped to rise to 74 mt in 2018-19

* Australia’s share of Japan, Korea LNG imports seen growing

* Iron ore price forecast raised to $64 for 2017

SYDNEY, Oct 6 (Reuters) – Australia expects to increase exports of liquefied natural gas (LNG) by 16 percent from mid-2018 as $180 billion in new projects hit their stride, nearly catching up with Qatar, the world’s top supplier.

Rising LNG exports coupled with higher prices for steel-making commodities and thermal coal should see Australia’s overall resource and energy export earnings increase 2 percent in the year to end-June 2018, to a record A$211 billion ($165 billion), the Department of Industry, Innovation and Science said on Friday. read more

400+ workers shut down LNG site, company warns for smoky flaring

5th Oct 2017 4:30 AM | Updated: 9:50 AM

by : 5th Oct 2017 4:30 AM

THEY say where there’s smoke there’s fire, but gas giant Shell is hopeful that won’t be the case when more than 400 workers don the orange and silver for QCLNG’s first shutdown.

The shut down work starts this Friday and is expected to cause increased flaring from the Curtis Island gas exporting site.

Shell wants a major change to its environmental conditions to allow for more smoky flaring, but the application is yet to be approved. read more

Citizens must “flood the courts” in fight for climate justice: economist

Deep-pocketed oil companies – from Exxon Mobil to Chevron and Royal Dutch Shell – should bear the bulk of the legal blame and responsibility, but legal tools could also be used to seek remedy from governments.. In September, cities including San Francisco and Oakland filed separate lawsuits against five oil companies using the “public nuisance” doctrine, seeking billions of dollars to protect against rising sea levels.

Adela Suliman: OCTOBER 4, 2017

LONDON (Thomson Reuters Foundation) – The world faces a ticking time bomb in the form of global warming, and recent disasters caused by extreme weather should motivate individuals to urgently seek “climate justice”, said leading U.S. economist Jeffrey Sachs.

The U.N. special adviser urged citizens to “flood the courts” with legal cases demanding the right to a safe and clean environment, and to pursue major polluters such as big oil companies and negligent governments for liability and damages. read more

Interview – Shell Netherlands CEO: More large wind projects wanted

Toby SterlingStefano Berra: OCTOBER 5, 2017

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

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

Shell Cracker plant creates controversy

October 5, 2017

Despite the promise of creating 600 permanent jobs, the ethane cracker plant being built about 40 minutes northwest of Pittsburgh by car continues to face scrutiny from environmental groups.

Shell Chemical Appalachia decided in 2012 that Beaver County would be the site of a new $6 billion plant to manufacture plastics. Shell chose the Beaver County location because of its proximity to natural gas supplies and because the majority of North American polyethylene — the most common plastic — customers are in a 700-mile radius of Pittsburgh. read more

Energy Industry ‘Very, Very Close’ to Voluntary Methane Emissions Reduction Program, Says Shell Exec

Jeremiah Shelor: October 4, 2017

The American Petroleum Institute is getting “very, very close” to formally adopting a voluntary program to curb methane emissions from the oil and gas industry, Royal Dutch Shell plc’s Greg Guidry, executive vice president of unconventionals, said this week.

Speaking at the North American Gas Forum in Washington, DC, on Monday Guidry said the “very comprehensive program” would go into effect in January. “It’s focused on the three primary sources of fugitive emissions based on all of the studies through” the Environmental Defense Fund, the University of Texas at Austin and others. read more

Shell plans “major maintenance” at Europe’s largest oil refinery

OCTOBER 4, 2017 / 5:26 PM

LONDON (Reuters) – Royal Dutch Shell plans major maintenance involving 12 units at its 404,000 barrels-per-day (bpd) Pernis oil refinery in the Netherlands, the company said on the refinery website.

The maintenance is taking place in October and November, Shell said, without specifying the units involved.

The planned shutdown comes after Shell was forced to shut down the site for several weeks following a fire in late July.

Pernis is Europe’s largest oil refinery.  read more

Shell defends divestment efforts, but cancels sale in Thailand

Dutch supermajor said that it’s more than 80 percent of the way toward its divestment goals.

By Daniel J. Graeber: Oct 4, 2017

Oct. 4 (UPI) — While defending a robust spending program, Royal Dutch Shell said Wednesday it was canceling an agreement to sell off a stake of its assets in Thailand.

Subsidiaries of Shell and the Kuwait Foreign Petroleum Exploration Co. said they mutually agreed to cancel the multilmillion dollar sale of shares in Shell Integrated Gas Thailand Pte. Ltd., known also as SIGT, and Thai Energy Co Limited, or TEC.

Shell said the latter two would continue to support Thai partners in development of the Bongkot field. read more

Why Shell Investors Shouldn’t Ignore The Ongoing Security Situation In Nigeria

 Oct. 4, 2017 5:28 AM ET

Summary

  • Attacks on oil & gas infrastructure in Nigeria pose a serious risk to Royal Dutch Shell.
  • Looking at Shell’s footprint in the country.
  • How it has been impacted so far.

Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) is a big player in Nigeria, a country that has been dealing with increases in civil unrest and sporadic violence over the past few years, particularly from the Niger Delta Avengers group that wants a larger portion of the oil & gas tax revenue to go to the Niger Delta region. This is on top of Nigeria’s ongoing fight against the Boko Haram insurgency in the northern parts of the country. The ongoing security situation is a major risk for Shell’s Nigerian operations, especially as the Niger Delta Avengers have shown the ability to repeatedly target bottlenecks like pipelines and force a lot of output offline. Let’s dig in by first going over what’s at stake for Shell. read more

Environmental group launches advertising campaign attacking Shell

This image will be used in an advertising campaign designed to attack the Shell Chemicals ethane cracker plant in Potter Township. 

A Pittsburgh-based environmental organization has launched a widespread advertising campaign designed to attack Shell Chemicals’ ethane cracker plant in Potter Township.

PennFuture, an advocacy group that pushes for clean air and water, as well as a “clean energy economy” in Pennsylvania, will launch the advertising campaign Wednesday, calling it the Toxic Neighbor citizen engagement project. read more

Shell Reports Leak, Emissions at Deer Park, Texas Facility

By Dan Molinski

Royal Dutch Shell reported a leak and emissions Tuesday at its Deer Park, Texas refinery and chemical plant.

“A leak was found on the bottom of debutanizer distillation column. The cause of the leak is still under investigation,” the refinery said in a statement to the Texas Commission on Environmental Quality. It added that it was “reducing feed rate to unit to minimize emissions.”

Deer Park is located along the Houston Ship Channel, 20 miles east of downtown Houston. The facility includes a 326,000-barrel-a-day refinery. read more

Shell cancels Thai sale, hits $25bn in divestments

Shell today confirmed a U-turn on the planned sale of its Shell Integrated Gas Thailand Pte. Limited (SIGT).

Written by

It comes as the firm revealed it had hit $25billion worth of investments. The oil major is targeting $30billion worth of investments by the end of 2018.

A spokesperson said: “Royal Dutch Shell announces today that its subsidiary, BG Asia Pacific Holdings Pte Limited, and KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), have mutually agreed to cancel the Sale & Purchase Agreement for the share sale of Shell Integrated Gas Thailand Pte. Limited (SIGT) and Thai Energy Co Limited (TEC). read more

Shell cancels sale of Thai gas field stakes to Kuwait’s KUFPEC

Florence Tan: October 4, 2017

SINGAPORE (Reuters) – Royal Dutch Shell (RDSa.L) said on Wednesday it has cancelled a $900 million deal to sell its gas field stakes in Thailand to Kuwait Foreign Petroleum Exploration Company (KUFPEC).

Shell and KUFPEC announced the deal in January, and it was due to be completed in the first quarter of 2017.

“Although Shell and the Thai government have worked together closely and collaboratively on the matter, the different interpretations of the treatment of share sale transactions were not resolved within Shell and KUFPEC’s agreed timeframe,” a Shell spokeswoman said in an e-mail. read more

Shunning fossil fuels, 40 Catholic groups seek climate action

Environment Correspondent Alister Doyle: OCTOBER 3, 2017

OSLO (Reuters) – Forty Roman Catholic groups said on Tuesday they were shunning investments in fossil fuels and urged others to follow suit.

The coalition was the largest number of Catholic institutions, in countries including Australia, South Africa, Britain and the United States, to team up for a shift to greener energies, the Global Catholic Climate Movement said.

Among those taking part was Assisi’s Sacro Convento and other Catholic institutions in the Italian town, birthplace of Saint Francis, who inspired Pope Francis. read more

Shell nabs Sinochem crude trader for Singapore desk

OCTOBER 2, 2017 / 2:15 PM

LONDON/SINGAPORE (Reuters) – Royal Dutch Shell (RDSa.L) has hired a former manager in Sinochem’s London office to help bolster its crude oil trading into the Chinese market, sources told Reuters.

Zheng Qingpu, who worked as the deputy general manager for Sinochem in London, has joined the Shell crude oil trading desk in Singapore, the sources said.

Major trading houses and independent oil firms are chasing qualified and well-connected staff for their Asia trading desks, spurred on by the opening up of China’s oil imports to include independent refineries. read more

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

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

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

Shell Springboard kicks off latest search for clean tech pioneers

Oil giant opens annual £350,000 competition to entries from low carbon innovators

Shell will today officially launch its annual Springboard competition, inviting early stage, low carbon businesses to compete for a share of £350,000 of funding support.

The oil giant’s long-running clean tech innovation programme will award one national winner £150,000, and a further five regional winners £40,000 of equity-free funding to help grow their low-carbon businesses.

In addition to the funding awards, the competition winners also receive business development feedback from experts who have worked with Shell in the low-carbon sector. read more

Shell’s Floating LNG Endeavor Is About To Begin

 Oct. 2, 2017 5:45 AM ET

Summary

  • Shell’s floating liquefied natural gas project, the Prelude FLNG venture, will come online within a year.
  • Cash flow generation expected to begin in 2018, two years later than initially planned.
  • Going over the details of Royal Dutch Shell’s Prelude FLNG development.

Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) is getting closer and closer to finally completing its Prelude FLNG project off the northwestern coast of Australia. FLNG stands for floating liquefied natural gas, a marine vessel that can commercialize gas finds that are too small to justify building a new onshore LNG facility to develop. Let’s dig in.

FLNG overview

The purpose of turning gaseous methane into liquid form is that LNG takes up 1/600th of the space as a liquid, making exports economically viable. By cooling the natural gas down to negative 260oF, Shell can economically supply gas to consumers all over the world. The real genius of FLNG vessels is the ability to fit a processing plant on a ship in a fraction of the space that conventional processing facilities take up, along with Shell’s Dual Mixed Refrigerant unit that can cool the gas down. read more

Statoil, Shell and Total to store CO2 offshore Norway

Representatives from Shell, Statoil and Total have teamed up to steer a project that will store carbon dioxide captured from industrial operations in Norway offshore. Photo courtesy of Ole Jørgen Bratland/Statoil

Oct. 2 (UPI) — Norwegian energy company Statoil said Monday it was leading a partnership aimed at advancing Paris climate efforts through carbon capture and storage.

Statoil said it would lead a project alongside the Norwegian subsidiaries of Royal Dutch Shell and French supermajor Total in storing carbon dioxide captured from industrial facilities in eastern Norway at an offshore site. read more

The Next Big Offshore Boom Is About To Happen Here

Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.

On Wednesday, the country’s National Petroleum Agency put 287 oil and gas blocks up for auction, and only 37 found buyers. Too few, it might seem at first. But the proceeds came in at more than US$1.2 billion—a hefty share of this pledged by heavyweight Exxon. The NPA’s expectations for the proceeds were much more modest, at $157 million. read more

Shell takes cautious approach to green energy transition

by Andrew Ward, Energy Editor: 1 Oct 2017

Mr van Beurden, chief executive of Shell, allows himself only the briefest self-congratulation. “All the milestones, we are either ahead or on track,” he tells the Financial Times, referring to targets set at the time of the takeover. “But you are never done in this industry because everything is always in continuous decline.” The Dutchman is talking about the relentless pressure to find new resources… FULL ARTICLE

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