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Shell is Wrong: Global Oil Demand Can Only Increase

By Jude Clemente: Rigzone Contributor Wed, Nov 21, 2018 Bolstered by the U.S. shale revolution, global oil production has surged by over 20 percent in the past 15 years. The great rise has put to bed the “peak oil production” theory but it has not stopped the apparent new concern of “peak oil demand,” now portrayed as perhaps the main threat to the future of the world’s oil industry. In fact, it’s hardly just anti-oil environmental groups; many of the major producers themselves (Royal Dutch Shell plc in particular) assert that global oil consumption will soon peak and thereafter begin its terminal decline. The basis of this belief is the growth of electric vehicle sales and the need to reduce oil use to combat climate change.

Yet for oil, what’s past is prologue: even with higher prices, both the Energy Information Administration (EIA) and International Energy Agency (IEA) modeling have repeatedly forecast more demand for as far as the eye can see. After all, oil is the world’s most important fuel, supplying 35 percent of all energy used. While the link between economic growth and oil use can be viewed from a variety of perspectives, the two clearly progress in tandem – a long studied link demonstrated in regression modeling and peer-reviewed studies. read more

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Shell’s UK gender pay gap narrows to 19 percent

NOVEMBER 21, 2018 / 12:17 PM

LONDON (Reuters) – Royal Dutch Shell’s (RDSa.AS) female employees in Britain earned on average 18.6 percent less than their male colleagues in 2018, the company said in a report on Wednesday, narrowing the gender pay gap from 2017’s 22.2 percent.

The difference in earnings between men and women has provoked significant anger among many women in recent years and sparked a public debate in Britain over why pay is still so different for men and women.

“We are confident that we pay men and women equally for work of equal value,” the Anglo-Dutch company said in a statement. read more

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Shell exit from Greater Sunrise paves way for Chinese

Shell exit from Greater Sunrise paves way for Chinese

East Timor has bought Shell’s stake in the Greater Sunrise project, giving it a majority share and putting more impetus behind the project’s development

By Damon Evans 21 November 2018

East Timor’s decision to buy out Shell’s stake in the Greater Sunrise fields has revived momentum in the project, which will require billions of dollars of investment, and paves the way for Chinese participation.

Dili agreed on Tuesday to pay $300 million for Shell’s 26.56% stake in the fields, which straddle the Australian and Timorese sea beds. The move follows a recent agreement to buy out ConocoPhillips’ share of the fields.

The Greater Sunrise project was considered to be politically stranded and of negligible… read more

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Royal Dutch Shell – Staying True To The Plan

Summary

  • Royal Dutch Shell has had a difficult time since the start of the oil crash. However, the company has an impressive portfolio and is executing on its plan.
  • Royal Dutch Shell continues to earn tens of billions of dollars annually. The company is investing heavily in growth and buying back shares.
  • I recommend interested investors take advantage of the current share prices given the company’s strength.

Royal Dutch Shell (RDS.A) (RDS.B) is an integrated oil company, one of the largest in the world. The company has a market cap of more than $250 billion and pays investors a very respectable dividend in the high-single digits. As we will see throughout this article, Royal Dutch Shell’s asset portfolio, growth, and potential make the company a strong investment.

Royal Dutch Shell Asset Portfolio

Royal Dutch Shell has an incredibly strong asset portfolio that will provide it with both strong production and strong cash flow. read more

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Dutch government to cut Groningen gas production, eventually to zero

By: , SA News Editor

  • The Dutch government says it expects gas production from Groningen, Europe’s largest onshore field, will fall to 7.5B cm/year by 2022 and drop to zero in the following years.
  • The government also gave its final approval to limit output from Groningen to 19.4B cm/year for the gas year 2018-19, compared to 21.6B cm/year previously.
  • Groningen production is limited due to activity at the site linked to earthquakes in the region, with the government under pressure to enforce further restrictions.
  • 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

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    Royal Dutch Shell: Follow The Cash Flow Story And You’ll Find The Way

    Nov. 12, 2018 11:13 AM ET

    Summary

    • The European Oil sector has demonstrated an impressive capital discipline, with renewed focused on cash earnings.
    • Royal Dutch Shell is an exceptional cash generating machine that has recently released the best quarterly results in the company’s history.
    • The muted share response to the earnings report creates a wonderful entry point to an unloved sector.

    My high conviction investment thesis in Royal Dutch Shell (RDS.B) is based on three success pillars. The first pillar is growth in net income, accompanied by a significant rise in free cash flow. The second pillar is shareholder friendliness, or how Shell treats its shareholders well. The third pillar, as in with every investment, is the current compelling valuation of shares

    Responsible, Consistent Growth

    In the third quarter, Shell generated adjusted net income in the amount of $5.6 billion, up a whopping 37 percent compared to the third quarter of last year. Earnings were 70 cents a share, up 40 percent year over year. More importantly, the company’s growth is well balanced between its different divisions. The upstream division (oil exploration) generated adjusted net income of1.88$ billion, compared to a meager 562$ million during the third quarter of 2017. read more

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    Shell and Anadarko in dispute over Mozambique gas

    , Africa Editor, in Maputo: 13 November 2018

    Royal Dutch Shell has accused Anadarko Petroleum of holding it and the Mozambican government to hostage by refusing to supply enough domestic gas in the first phase of a giant liquefied natural gas project. 

    As part of efforts to develop the local economy, Shell plans to build a 38,000-barrel-a-day gas-to-liquid plant that will produce kerosene, diesel and naphtha. But Moon Hussain, director of the project, said Anadarko was obstructing its plans by refusing to supply gas until the second phase of the LNG project, which is not expected to start until 2031.  read more

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    Shell Oil’s plan to ease global warming will be presented in Aspen Tuesday

     

    David Hone, chief climate advisor for Shell International

    A key figure in Shell Oil Co.’s surprising emergence as a world leader in demonstrating how to reduce fossil fuel use and prevent global warming from reaching catastrophic levels will outline his company’s work in Aspen this week.

    David Hone, Shell International’s chief climate adviser, is attending a workshop on industrial de-carbonization at the Aspen Global Change Institute and will give a public presentation Tuesday night at the Limelight Hotel in Aspen. It’s titled, “How Society Can Meet the Goals of the Paris Agreement.” read more

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    Saudi Aramco ‘on way to becoming gas powerhouse’

    Aramco this year signed a memorandum of understanding with Royal Dutch Shell to jointly pursue global gas business opportunities…

    LONDON: Saudi Aramco has outlined to Arab News how it plans to massively ramp up its multibillion-dollar natural gas business, both in the Kingdom and overseas, as gas gradually replaces coal and oil in global power generation.

    Gas is viewed as a cleaner energy source than coal or oil in power stations, and there is soaring demand in Asia.

    “Gas is already a large global business and is expected to be among the fastest-growing fuels (60 percent growth) over the next quarter-century. And LNG (liquefied natural gas) is expected to make up almost half of global gas trade over the same period,” Aramco said in a statement. read more

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    Remembering Ken Saro-Wiwa 23 years after brutal killing by Nigerian govt

    Shell is facing a civil suit in Netherland over its alleged complicity in the killing of Mr Saro-Wiwa and the eight other Ogoni activists. The suit was filed on June 28, 2017, by four of the widows of the Ogoni Nine, led by Esther Kiobel.

    10 November 2018

    It is exactly 23 years today since Ken Saro-Wiwa, a playwright, environmental activist and Ogoni leader was brutally executed.

    He was executed on November 10, 1995, by the Nigerian government under the leadership of the then military dictator, Sani Abacha.

    Mr Saro-Wiwa and eight of his kinsmen, who became popularly known as the Ogoni Nine, were sentenced to death by a special military tribunal set up by Mr Abacha who later died in June 1998 inside the presidential villa under mysterious circumstances. read more

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    This Big Oil Company Has More Cash Than It Knows What to Do With

    November 04, 2018, 07:19:00 AM EDT By Tyler Crowe,

    This past quarter,  Royal Dutch Shell ‘s (NYSE: RDS-A) (NYSE: RDS-B) results showed the company can fund just about anything it wants right now. A large capital expenditure program? Yup. Pay down some debt? Sure! Fund its dividend? Of course! How about a $2 billion share repurchase program on top of all of that? Why not! The reason it is able to do this is that the company is generating an almost unfathomable amount of cash right now. Shell’s management said this was the most cash it has pulled in since the second quarter of 2008 when oil prices were in the $110-to-$120-per-barrel range. read more

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    Shell Canada sees cost advantage in LNG Canada expansion

    Julie Gordon, Rod Nickel: NOVEMBER 1, 2018

    CALGARY, Alberta (Reuters) – An expansion of LNG Canada has a cost advantage over its rivals in the race to build more liquefied natural gas export capacity, but a go-ahead decision on phase two is likely still a few years away, Shell Canada’s president said on Thursday.

    The first phase of the C$41 billion ($31.3 billion) Royal Dutch Shell (RDSa.AS)-led project was given the go-ahead last month, firing up a race among companies eager to be the next to tap into booming Asian demand for the gas that is supercooled into liquid form for export by tanker. read more

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    Shell churns out cash like oil’s above $100 again

    Oil is trading well below its price of a decade ago, but you’d have no idea looking at Royal Dutch Shell Plc’s giant pile of cash.

    The Anglo-Dutch oil major generated the most cash from operations in 10 years last quarter — almost $15 billion. The last time Shell pumped out that much money was the year crude soared to $140 a barrel, compared with about $75 today.

    As a result, the company is showing greater confidence. It increased the pace of a $25 billion buyback program, rewarding shareholders who stuck with it through crude’s collapse. The cash surge is a feather in the cap of Chief Executive Officer Ben van Beurden, who splashed more than $50 billion on buying BG Group Plc in 2016 during the depths of the downturn. read more

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    Royal Dutch Shell sees profits jump as oil price rises

    1 November 2018

    Royal Dutch Shell’s profits surged by 37% in the third quarter of the year on the back of rising oil prices.

    The Anglo-Dutch giant said earnings excluding one-off items on a current cost of supply measure (CCS), which strips out price fluctuations, hit $5.6bn (£4.3bn) from $4.1bn last year.

    Rising oil and gas prices in the July-to-September period were the main driver of profits.

    Shell joins rivals, including BP, in reporting strong results.

    However, the figure was lower than a company-provided analysts’ consensus forecast of nearly $5.8bn. read more

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    Shell taps its deepwater legacy to fund its future

    Anglo-Dutch oil major banks on Gulf of Mexico to help navigate energy transition read more

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    Shell and BP pumped up by oil prices

    Giants amass cash for share buybacks and dividends

    The two biggest London-listed oil majors are expected to report higher profits and cash levels this week, driven by rising oil and gas prices as the industry’s recovery continues.

    The price of a barrel of Brent crude averaged $75.80 during the third quarter of the year, 45% higher than the same period in 2017, while UK gas prices are up 54% year-on-year.

    The rally following the crash that sent prices below $30 a barrel in 2016 is helping companies to repay debt and start rewarding shareholders, even as it pushes up costs for households and motorists. Analysts’ profit forecasts for BP, which reports on Tuesday, averaged $2.8bn (£2.2bn) compared with $1.9bn during the same quarter last year. read more

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    Shell hit for further €89m loss as it awaits completion of Corrib gas field sale

    A billion-euro acquisition deal struck last year by a giant Canadian pension fund for Shell’s holds in the Corrib gas field still has not been fully completed. (stock picture)

    Fearghal O’Connor: 

    Pre-tax losses at Shell’s Corrib gas field operation fell substantially last year, from €187m to €89m, according to newly-filed financial results.

    A massive billion-euro acquisition deal struck last year by a giant Canadian pension fund for Shell’s 45pc holding in the controversial gas field off the Mayo coast still has not been fully completed. read more

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    Shell starts rollout of ultrafast electric car chargers in Europe

    First in network of chargers three times faster than current models installed near Paris read more

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    China’s CNOOC, Shell sign MOU to build integrated petchem plant in Huizhou

    Singapore — China National Offshore Oil Corporation, or CNOOC, and Shell International Petroleum Company Limited signed a memorandum of understanding to build an integrated petrochemical site at the Nanhai site in Huizhou, Guangdong, Shell said in a statement late Wednesday.

    In May this year, the two companies started up the second steam cracker at Nanhai, which has an ethylene production capacity of 1.2 million mt/year. The complex’s downstream units include styrene monomer and propylene oxide. This MOU will expand their current collaboration, Shell said in the statement. read more

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    Shell’s up next, and last, in $200 billion Australia LNG bonanza

    And then there was one.

    Australia’s nine-year, $200 billion boom in liquefied natural gas still has a final debut in the works: Royal Dutch Shell Plc’s Prelude, floating 200 kilometers (124 miles) off its northwest coast. It’s the last project in that investment cycle to start production after Japan’s Inpex Corp. shipped its maiden cargo from Ichthys LNG on Monday.

    Shell’s Prelude is among seven export projects in gas-rich Australia sanctioned since 2009 by global energy giants including Chevron Corp. and Exxon Mobil Corp., as well as regional big hitters such as Australia’s Woodside Petroleum Ltd. and Malaysia’s Petroleum Nasional Bhd. The Pacific nation now rivals Qatar as the world’s biggest seller of LNG, a form of natural gas super-chilled into a liquid that can be shipped on tankers. read more

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    Shell to set up 10,000 new gas stations

    A Shell employee refuels a vehicle at a gas station in Chengdu, capital of Sichuan province. [Photo by Mo Xiao / For China Daily]

    By Zheng Xin | China Daily | Updated: 2018-10-23

    Global energy giant Royal Dutch Shell PLC plans to set up 10,000 new gas stations worldwide by 2025, with 5,000 in the five high-growth markets of China, India, Indonesia, Mexico and Russia.

    The company is also looking to introduce more electric vehicle charging stations, and increase sales of fluid process oils and grease to support electric-powered trains and vehicles in China.

    The move comes after its first electric-vehicle charging station entered service in Tianjin in September. read more

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    MALABU SCANDAL: Shell, Eni officials’ trial continues as anti-corruption group head appears before court

    The trial of officials of oil giants Eni and Shell over the controversial Malabu scandal will resume Wednesday at the Milan Palace of Justice in Italy, PREMIUM TIMES has learnt.

    The Milan court’s decision came after Simon Taylor, a founding director of anti-corruption group, Global Witness, appeared before it as witness on Wednesday.

    Mr Taylor’s Global Witness, together with PREMIUM TIMES and its London partner, Finance Uncovered, have for years done extensive investigations into the long-running controversial oil deal. read more

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    National Gallery loses Shell funding after protests

    Shell’s sponsorship prompted protests at the National GalleryCORBIS/GETTY IMAGES

    Another oil company has pulled out of a sponsorship deal with a British cultural institution after years of protests.

    Shell’s withdrawal from a deal with the National Gallery follows that of BP from Tate and other organisations.

    Shell said that its decision to end the 12-year agreement, thought to have been worth about £500,000 over that period, would allow it to focus on work to “inspire the next generation of engineers” through science, technology, engineering and mathematics programmes. read more

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    Shell Picks a Digital Platform to Build Its AI Future Upon

    Trent Jacobs, JPT Digital Editor | Alisa Choong, the chief information officer at Shell, recently told several hundred oil and gas professionals that, “Digitization is about making the right choices.”

    Speaking on a panel at SPE’s Annual Technology Conference and Exhibition in Dallas last month, Choong shared that Shell has made one of those choices by signing a 3-year deal to use the enterprise-wide analytics platform developed by Silicon Valley-based C3 IOT on Microsoft’s Azure cloud service.

    The development comes on the heels of BP’s September announcement that is expanding the use of a competing analytics platform. Taken together, these cases reveal how large operating companies plan to manage and put into action their growing arsenals of machine learning and artificial intelligence (AI) programs. read more

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    Shell ends National Gallery sponsorship – to delight of campaigners

    Shell staff emailed the National Gallery to confirm it was not renewing its corporate membership, believed to be worth in the region of £20,000-£35,000 a year. Photograph: Graham Turner for the Guardian

    Shell has ended its 12-year sponsorship of the National Gallery, to the delight of campaigners who have fought to keep fossil fuel financing out of the arts. The partnership with the Anglo-Dutch firm has made the London art gallery the target of protests over the years, including Greenpeace dropping a banner off the building’s roof and activists gatecrashing the launch of a flagship Rembrandt exhibition. FULL ARTICLE read more

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    Shell to invest up to $2 bln annually to explore, produce oil in Brazil through 2025 -report

    OCTOBER 18, 2018 / 3:03 PM

    RIO DE JANEIRO, Oct 18 (Reuters) – Royal Dutch Shell plans to invest $1 billion to $2 billion annually in oil exploration and production in Brazil through 2025, Brazilian newspaper Valor Economico reported on Thursday.

    The investment will be made regardless of the outcome of presidential election Oct. 28, Wael Sawan, executive vice president for Shell’s deepwater division, said in an interview with Valor.

    Shell is the no. 2 oil producer in Brazil, where oil majors have spent top dollar in recent months to lock in stakes in its prolific offshore pre-salt play, where billions of barrels of oil lie beneath a thick layer of salt under the ocean. read more

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    Shell boss hopes Saudi tensions will not hit supply

    Shell CEO Ben van Beurden

    The head of oil giant Royal Dutch Shell has warned that the crisis over the disappearance of Saudi journalist Jamal Khashoggi should not be allowed to shake the security of energy supply.

    Ben van Beurden told Sky News that he was “glued” to coverage of the case and not just because it “may lead to geopolitical tensions that may affect markets”.

    He said disruption to the sector would be “an unhelpful outcome” for all concerned.

    Shell, the biggest company by value on London’s FTSE 100 Index, has investments of more than $8bn and 2,000 staff in oil-rich Saudi Arabia. read more

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    Shell bets on shale for flexibility in energy transition

    Head of US business says oil and gas output will act as ‘balance’ for deepwater projects

    in New Orleans

    Growing oil and gas production from shale fields will act as a “balance” for deepwater projects, the new head of Royal Dutch Shell’s US business said, as the energy major strives for flexibility in the transition to cleaner fuels. Gretchen Watkins said drilling far beneath oceans in the US Gulf of Mexico, Brazil and Nigeria secured revenues for the longer-term, but tapping shale reserves in the US, Canada and Argentina enabled nimble decision-making. FULL FT ARTICLE read more

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    Shell’s $31 Billion Gamble On Canadian LNG

    Callum Turcan: October 17, 2018

    Summary

    • Going over Royal Dutch Shell’s LNG Canada endeavor.
    • The pros and the cons.
    • Why this is ultimately a good idea.

    Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) is making another big bet on liquefied natural gas, this time in Canada. On October 1, 2018, Royal Dutch Shell plc and its partners announced a positive investment decision on the ~US$31 billion (~40 billion Canadian dollars) Canada LNG venture. The goal is to bring an LNG export facility online in Kitimat, British Columbia, to take advantage of both its existing infrastructure (deep-water ports, roads, electricity grids) and its easy access to Asian markets. While I am a shareholder of Royal Dutch Shell, that doesn’t mean I want to be a cheerleader for every decision the company makes. Here is what I view as a very reasonable assessment of LNG Canada, highlighting both the pros and cons of this endeavor. Let’s dig in. read more

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    Shell Exits Denmark’s Offshore Oil and Gas Sector

    BY MAREX 2018-10-17 19:01:00

    Following Chevron’s lead, Shell has decided to sell its interests in the Danish North Sea offshore sector. In an announcement on Wednesday, the Dutch oil major said that it will sell its shares in its Danish upstream sector division, Shell Olieog Gasudvinding Danmark, to the Norwegian Energy Company (Noreco). Noreco will pay $1.9 billion and assume Shell’s obligations in the Danish North Sea, including its share of the decommissioning and redevelopment costs for the overhaul of the Tyra platform. read more

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    Shell comments on deepwater vs. shale

    Oct. 18, 2018 3:46 AM ETBy: , SA News Editor

  • Growing oil and gas production from shale fields will act as a “good balance” for deepwater projects, the new head of Royal Dutch Shell’s (RDS.A, RDS.B) U.S. business, Gretchen Watkins, said in her first interview since joining the Anglo-Dutch major in May.
  • “It’s a natural hedge in the portfolio,” she added.
  • Investments into shale, or short-cycle projects, have risen as energy companies have been under pressure to rein in costs, pay down debt and boost returns amid a global shift towards forms of cleaner energy.
  • read more

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    Shell Australia, QGC to drill 250 gas wells in Queensland

    By Rick Wilkinson: OGJ Correspondent: 2018

    A group led by Royal Dutch Shell PLC that includes Queensland Gas Co. (QGC) plans to drill 250 coal seam gas wells during 2019-20 as part of its program in the Western Downs region of Queensland.

    The wells will be connected to the existing QGC gas processing plants and produce about 930 petajoules of gas over the next 30 years.

    The program has been called Project Goog-a-binge, a name gifted by the Iman traditional owners of the region. Goog-a-binge is the Iman word for scrub turkey, which is an important totem for this Aboriginal group. read more

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    Shell gas project in Canada gets greener amid LNG climate worry

    Julie Gordon: OCTOBER 16, 2018 / 8:24 PM

    Wouter de Klein, Manager of Groundbirch Operations, gives a safety briefing at Shell Canada’s Saturn gas plant at the Groundbirch project in Groundbirch, British Columbia, Canada, October 11, 2018. REUTERS/Julie Gordon

    GROUNDBIRCH, British Columbia (Reuters) – At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada’s nascent liquefied natural gas export industry could be a climate time bomb.

    The Groundbirch project, perched above Canada’s richest shale gas deposit some 1,110 kilometers (684 miles) northeast of Vancouver, includes four gas plants and 500 wells dotted over an area the size of New York City. read more

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    Shell Recommits—and Returns—to U.S. Retail

    By Samantha Oller, Senior Editor/Fuels, CSP

    LAS VEGAS — More than a decade ago, major oil companies largely exited the retail business in the United States, as upstream profits dwarfed downstream retail opportunities. One of those global oil giants—Royal Dutch Shell, The Hague, Netherlands—has since amassed a massive network of 43,000 branded sites in 80 countries, including 14,000 in the United States. These U.S. locations are operated solely by Shell-branded marketers and dealers, but soon, they will be joined by Shell itself. read more

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    Shell reaches milestone on plastics plant in Northeast, potentially a Gulf competitor

    Shell’s petrochemicals unit recently installed a 285-foot cooling and condensation tower at its petrochemicals complex now under construction in Pennsylvania. Photo: Shell

    Shell has completed a substantial step in the construction of its plastics production complex in Pennsylvania, a project expected to catalyze similar developments in the Northeast if the region continues to build the pipelines and storage needed to support a petrochemicals hub rivaling that along the U.S. Gulf Coast. read more

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    Gazprom and Shell discuss next steps in Baltic LNG project

    Published by , Editorial Assistant
    LNG Industry,

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

    The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED). read more

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    Shell celebrates 40 years of deep-water innovation

    NEW ORLEANS, Oct. 15, 2018 /PRNewswire/ — Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today marks 40 years since it pioneered the modern deep-water era, celebrating a legacy of innovation that continues as part of the company’s growth strategy.

    Shell currently has deep-water projects and exploration opportunities in the U.S., Brazil, Nigeria, Malaysia, Mexico, Mauritania, and in the Western Black Sea. That global presence began with a 1970s prospect, 105 miles southeast of New Orleans in the Gulf of Mexico. read more

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    Shell’s greener future is a matter of survival

    The Anglo-Dutch energy giant may “turbo-charge” its drive into renewable power and electric vehicles within five years

    Jillian Ambrose, energy editor: 13 OCTOBER 2018 • 5:30PM

    ‘We’re not an oil company,” says Ben van Beurden from across the table. It is an affable, but pointed intervention typical of the man leading the FTSE 100’s highest-valued business.

    “I don’t want to be facetious or pedantic,” he continues good-naturedly. “But we are a much broader and more sophisticated company than one that produces oil. We produce much more gas than we do oil, for a start.”

    For the boss of Royal Dutch Shell, the distinction is one that rings at the heart of a personal mission to transform a company which for over a hundred years has fuelled the development of the modern world. read more

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    Shell launching new retail fuel pilot programs in U.S.

    Royal Dutch Shell is the U.S. leader in retail fuel sales and now Shell is launching new American pilot programs so people can fill up almost anywhere or charge their electric vehicles.

    First Shell will pilot its new “Shell TapUp” app-based program in Houston where it will take fueling trucks to its customers to fill their tanks. The program started in the Netherlands and is now coming to the U.S.

    Shell will start offering the service to its employees and to other businesses so vehicles are filled up in their company parking lots. Then, Shell aims to eventually expand to all customers so people can get fuel while they’re shopping at the grocery or dining at a restaurant. Shell won’t come to your house; the goal is to service multiple customers at a time in larger parking lot or garage settings. read more

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    Shell Makes a Comeback in the North Sea With New Gas Field Investment

    Posted by Jui Kate: 12-Oct-2018

    The British-Dutch oil company Royal Dutch Shell has reportedly announced its plans to invest in the North Sea to construct a gas field 149 miles east of Aberdeen. As per trusted sources, the energy giant is making a slew of new investments in the basin after selling off about EUR 2.4 billion worth of North Sea fields and assets in early 2017.

    Reportedly, Shell decided to invest in the Arran field following investments in revamping the Fram field in the Central North Sea, the Penguins field in the northern North Sea, and the Alligin field West of Shetland. According to a press release by Shell, the Arran field is likely to produce nearly 100 million cubic feet of gas and 4,000 barrels of condensate each day which is equivalent to 21,000 barrels of oil. read more

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    Exclusive: Shell seeks to sell Venezuela JV stake to France’s Maurel & Prom – sources

    By Marianna Parraga and Alexandra Ulmer

    MEXICO CITY/CARACAS (Reuters) – Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas.

    The Anglo-Dutch company is seeking to sell its 40 percent stake in Petroregional del Lago, a joint venture with Venezuela’s state-run oil company PDVSA in the western state of Zulia near Colombia. read more

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    Corruption trial in Nigeria may last several months, says Shell

    SOURCE

    Corruption trial in Nigeria may last several months, says Shell

    12 October 2018

    Royal Dutch Shell has said the corruption trial over a Nigerian oil deal may last several months, warning staff of continued critical media coverage in the $1.3 billion case.

    An internal memo sighted by Reuters indicates that Shell’s Legal Director, Donny Ching, encouraged employees to study an internal web page that the Anglo-Dutch oil giant had set up for the case before responding to questions from relatives and friends.

    Shell and its Italian peer, Eni are defendants in a Milan bribery trial, now in its early stages, focusing on the 2011 purchase of Nigeria’s $1.3 billion OPL 245 offshore oilfield. read more

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    Court Commits Shell MD to Imprisonment with Hard Labour

    NO, IT’S NOT MALCOLM BRINDED. HIS BRIBERY & CORRUPTION TRIAL (RE OPL 245) ALSO RELATING TO NIGERIA, IS STILL IN PROGRESS. 

    Those sentenced alongside the SPDC managing director are Shell’s Secretary and Head of legal and the Deputy Country Head of Legal/Managing Counsel Global litigation sub-Sahara Africa.The judge directed the Nigerian Police Force and other law enforcement to effect immediate arrest of the aforementioned Shell officials who were absent in court and send them to prison.

    By Ernest Chinwo in Port Harcourt: OCTOBER 10, 2018

    A Port Harcourt High Court yesterday sentenced the Managing Director of Shell Petroleum Development Company (SPDC), Mr. Osagie Okunbor, and two others to three months’ imprisonment with hard labour for disobeying court order.

    But reacting to the court judgment, the SPDC’s spokesman, Bamidele Odugbesan, said the oil giant did not accept the judgment and had appealed it. 

    “We do not accept that SPDC has disobeyed any lawful order of court and have accordingly appealed this judgement.  read more

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    CEO: Oil, Gas Is Shell’s Core Business For The Foreseeable Future

    By Tsvetana Paraskova – Oct 09, 2018, 6:00 PM CDT

    Royal Dutch Shell is not ‘going soft’ on oil and gas, despite recent investments in cleaner energy and energy solutions—Shell’s core business is and will continue to be oil and gas for the foreseeable future, the supermajor’s chief executive Ben van Beurden said on Tuesday.

    Speaking at the Oil and Money conference in London, van Beurden pointed to recent headlines about Shell’s investments in hydrogen, moves into electric vehicles (EVs) charging infrastructure, or an acquisition into the UK power sector, adding this note of caution: “But even headlines that are true can be misleading. They might even make people think we have gone soft on the future of oil and gas. If they did think that, they would be wrong.” read more

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    Shell boss says mass reforestation needed to limit temperature rises to 1.5C

    Royal Dutch Shell CEO Ben van Beurden

    : Tue 9 Oct 2018

    The boss of Shell has said a huge tree-planting project the size of the Amazon rainforest would be needed to meet a tougher global warming target, as he argued more renewable energy alone would not be enough. Ben van Beurden said it would be a major challenge to limit temperature rises to 1.5C (equivalent to a rise of 2.7F), which a landmark report from the UN’s climate science panel has said will be necessary to avoid dangerous warming. FULL ARTICLE read more

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    Shell not ‘going soft’ on fossil fuel future, says boss

    9 OCTOBER 2018 • 3:35PM

    Royal Dutch Shell may be spending billions of dollars on renewable energy and electric cars, but the oil major is not straying far from its fossil fuel roots just yet.

    The energy giant’s chief executive Ben Van Beurden has warned the industry not to be swayed by the flurry of headlines marking Shell’s steps towards cleaner energy.

    “Even headlines that are true can be misleading,” he told delegates at a London conference.

    “They might even make people think we have gone soft on the future of oil and gas. If they did think that, they would be wrong,” he said.

    Speaking one day after the UN’s landmark climate report warned that more must be done to reduce greenhouse gas emissions, Mr Van Beurden said Shell still “means business” on oil and gas. read more

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    Shell’s oil spill polluted over 113 hectares in Bayelsa – Report


    8 October 2018

    Leakage from an oilfield operated by Shell Petroleum Development Company (SPDC) at Aghoro community in Bayelsa has discharged some 1,114 barrels of crude oil into the environment.

    The leakage has adversely affected the fishing vocation of residents who had withdrawn from fishing to pave way for clean up.

    The resulting oil spill impacted and polluted an estimated area of 113.03 hectares, according to a joint Investigation Visit (JIV) report of the incident obtained by newsmen in Yenagoa on Monday. read more

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    Shell pension fund challenged to disclose response to climate risk

    : 7 October 2018

    Shell’s largest UK pension fund is under pressure from a member who says it is failing to disclose how it deals with climate risk, in what is regarded as a test case for other UK pension funds. The £16bn Shell Contributory Pension Fund was contacted last week by Christoph Harwood and ClientEarth, the legal environmental campaign group. They requested proof of how it is dealing with the issue of climate change…

    FULL FT ARTICLE

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    Shell CEO: Support a price on carbon — but not at any cost

    Jennifer Luxton / The Seattle Times: 

    Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden

     Special to The Times

    Can an oil and gas company favor a price on carbon emissions while not endorsing every attempt to achieve one? Yes — but Initiative 1631 has some serious flaws.

    It may seem counterintuitive for an oil and gas company to favor a scheme that would potentially make doing business more expensive. But Shell’s longstanding support for a government-led carbon price is based on our belief that a well-crafted policy would benefit all of us — society and industry. read more

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    Shell boost for electric car owners

    The “Shell Recharge” network will make use of rapid 50kW chargersTONG YU/VCG

    More petrol stations will be fitted with electric car charge points under a new nationwide plan.

    Shell says that 30 new forecourts will have rapid chargers by the end of March, with a “significant” further expansion planned by the end of next year.

    It is the biggest introduction of chargers in urban petrol stations and comes after fuel retailers have faced criticism for being too slow to adapt to the technology. Companies have been reluctant to provide chargers because of concerns that it takes up valuable space that could be used for petrol and diesel pumps. read more

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