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Shell may have to abandon £3bn stake in Russian gas plant

The Guardian

Shell may have to abandon £3bn stake in Russian gas plant

Kremlin sets up new firm to own Sakhalin-2 plant, with stakeholders given a month to sign up or they could lose money

Alex Lawson Energy correspondent: Fri 1 Jul 2022: 12.50 BST

Shell could be forced to abandon a £3bn investment in a huge Russian gas plant after Vladimir Putin threatened to seize the rights to the project.

The Kremlin has said it plans to transfer the rights to the Sakhalin-2 plant in the far east of Russia to a new Russian company, citing economic security and national interests. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell, Australian Workers Union in stalemate over Prelude dispute

abc.net.au

Shell, Australian Workers Union in stalemate over Prelude dispute

ABC Kimberleyby Taylor Thompson- Fuller: 29 June 2022

Key points:

  • A fresh round of industrial actions are set to hit Shell’s offshore gas facility Prelude next month

  • Workers set to be transported to the facility on Wednesday were told to stand down

  • A pay dispute between unions and the Anglo-Dutch company are at a stalemate

Shell has cancelled gas shipments from its offshore facility Prelude as an industrial dispute between unions and the Anglo-Dutch resources company come to a head.

Contractors set to fly out to the resources rig on Wednesday were told to stand down in response to the disagreement over pay increases, rostering and job security.

The dispute has also caused Shell to advise their customers they will be cancelling some gas shipments from the facility until mid-July. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Permits Probed Over Loss of $200 Million in Nigeria

Bloomberg UK

Shell Permits Probed Over Loss of $200 Million in Nigeria

  • Motion argues state lost revenue through 30-year licenses
  • Investigation targets joint venture operated by Shell

By William Clowes: 23 June 2022, 13:04 BST

Nigeria’s Senate will investigate Shell Plc’s historic license renewals in the West African state to determine whether they were extended unlawfully and cost the government up to $200 million.

Senate President Ahmad Lawan formed a committee on Wednesday to probe the oil major’s permits that expired in 1989 and 2019, according to a statement emailed by his spokesman. The decision followed a motion submitted by Senator George Sekibo who said the duration of the licenses should have been 20 years rather than 30 years under Nigerian law.
A spokesman for Shell didn’t immediately respond to a request for comment. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Bids to Build Offshore Wind Farms in Poland

OFFSHORE ENGINEER

Shell Bids to Build Offshore Wind Farms in Poland

24 JUNE 2022

Shell’s subsidiary Amber Baltic Wind Ltd has submitted proposals for new offshore wind locations in the Polish Baltic Sea zone as part of the latest government tender.

The sites included in the tender will help deliver Poland’s ambition of reaching 11 GW of installed offshore wind capacity by 2040.

Citing a WindEurope report, Shell said that the Polish part of the Baltic Sea could host as much as 28 GW of offshore wind by 2050. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell launches renewable power brand in Texas under a new branch of the company

Houston Chronicle

Shell launches renewable power brand in Texas under a new branch of the company

Shell said Tuesday it is entering the residential power market in Texas, offering renewable power to Texans under a new branch of the company.

The launch of Shell Energy Solutions, a Texas power retailer, marks Shell’s entry into the U.S. power market. Its power plans will offer perks for electric vehicle drivers and homeowners with solar panels.

The move is the latest in a series of steps by the oil giant to reach net-zero emissions by 2050 and reposition itself more broadly as an energy provider as the energy transition accelerates. It follows an announcement last week that it had bought a Houston-based gas station and convenience store chain Landmark as the global oil giant positions itself to provide charging stations and motor fuels of the future. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell gets green light for biggest North Sea oil project in decades

The Telegraph

Shell gets green light for biggest North Sea oil project in decades

Jackdaw field expected to start production in 2025

Shell is to develop one of the biggest North Sea gas projects in years after winning approval from regulators as the Government scrambles to bolster domestic energy supplies. 

The FTSE 100 company’s Jackdaw project is set to produce about 6.5pc of Britain’s gas output with Shell aiming to start production by the second half of 2025. 

Shell’s plans for the field were initially knocked back by environmental regulators last year but have been approved after they were revised.

The Government wants to cut the use of fossil fuels in the long term but is also under pressure to bolster domestic supplies after Russia’s invasion of Ukraine sent international oil and gas markets into turmoil.

Kwasi Kwarteng, the Business Secretary, tweeted on Wednesday: “Jackdaw gas field – originally licensed in 1970 – has today received final regulatory approval. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Russia cuts gas supplies to Netherlands and firms in Denmark and Germany

The Guardian

Russia cuts gas supplies to Netherlands and firms in Denmark and Germany

Gazprom raises stakes in sanctions war after EU move to embargo most Russian oil imports and companies miss deadline to pay in roubles

Joanna Partridge: Tue 31 May 2022 19.25 BST

Russia has further cut off gas supplies to Europe, after state energy giant Gazprom turned off the taps to a top Dutch trader and halted flows to some companies in Denmark and Germany.

It later said it would also cut off gas flows to the Danish energy firm Ørsted and to Shell Energy for its contract to supply gas to Germany, after both companies failed to make payments in roubles. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell says windfall tax threatens North Sea oil and gas investment

The Guardian

Shell says windfall tax threatens North Sea oil and gas investment

Alex Lawson Energy correspondent: Fri 27 May 2022

Shell has said Rishi Sunak’s windfall tax is a threat to investment in North Sea oil and gas as Britain attempts to ramp up domestic energy supplies.

The chancellor yesterday announced an “energy profits levy” on oil and gas operators that he hopes will raise £5bn to help fund a support package for households.

Sunak also introduced measures to encourage investment into UK energy supplies, with tax breaks worth 91p for every £1 invested. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell consultant quits and accuses firm of ‘extreme harms’

BBC News

Shell consultant quits and accuses firm of ‘extreme harms’

By Annabelle Liang: Business reporter: 25 May 2022

A safety consultant at oil and gas giant Shell has stopped working for the firm, as she accused its top executives of failing to protect the environment.

In a post on the professional networking platform LinkedIn, Caroline Dennett said the company is “causing extreme harms to our climate, environment, nature and to people”.

It has drawn over 10,000 likes and has been shared more than 1,200 times. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell safety consultant quits over ‘double-talk on climate’

UPI

Shell safety consultant quits over ‘double-talk on climate’

By Sheri Walsh: 23 MAY 2022

May 23 (UPI) — A Shell safety consultant has resigned over what she calls the oil company’s “extreme harms” to the environment and “disregard for climate change risks.”

Caroline Dennett submitted her resignation to Shell executives and 1,400 employees Monday in an email and public video, accusing the U.S. company of “failing on a massive planetary scale” and blasting the oil giant’s plans to expand fossil fuel extraction. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell plans to accelerate charging points

The Times

Shell plans to accelerate charging points

Emily Gosden: Energy Editor:

Shell plans to operate 100,000 public charging points for electric vehicles around Britain by 2030, as it fleshes out its plans to invest £25 billion in the country this decade.

The oil giant said this would include 11,000 rapid machines — which can charge most EV batteries to 80 per cent capacity within half an hour — and would mean that 90 per cent of drivers in the UK would be “within a ten-minute drive of a Shell rapid charger”. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell profits soar to $9.1bn amid calls for windfall tax

The Guardian

Shell profits soar to $9.1bn amid calls for windfall tax

Record quarter piles pressure on government to issue one-off levy to curb rising energy bills

Alex Lawson: Thu 5 May 2022 02.55 EDT

Shell has reported a record quarterly profit of $9.1bn (£7.3bn) for the first three months of the year, piling more pressure on the government to implement a windfall tax to fund measures to tackle soaring household energy bills.

The first-quarter profit was boosted by a sharp rise in oil and gas prices, and compared with $6.3bn of profits in the final three months of 2021 and $3.2bn during the first quarter of last year. It was above analysts’ expectations of first-quarter adjusted earnings of $8.7bn.

Campaigners have called for a one-off levy on companies benefiting from soaring oil and gas prices to fund government initiatives to reduce the burden of rising bills.

Shell’s update comes after BP reported its highest quarterly profit in more than a decade on Tuesday. Its profits more than doubled to $6.2bn, and sparked a clamour for a windfall tax.

The government has resisted calls for such a levy. Boris Johnson has said it would discourage oil and gas producers from making investments into domestic energy.

But BP’s chief executive, Bernard Looney, has admitted none of the £18bn UK investments the company is planning would be dropped if a windfall tax were imposed. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell and BP set for bumper payouts despite windfall tax threat

THE SUNDAY TIMES

Shell and BP set for bumper payouts despite windfall tax threat

01 May 2022

BP and Shell are set to unveil bumper payouts for shareholders this week as the government threatens to levy a windfall tax if the oil giants do not reinvest profits into the North Sea and clean energy projects.

At BP’s first quarter results this Tuesday, analysts from RBC expect the £77 billion company to announce a $1.5 billion (£1.2 billion) share buyback off the back of first-quarter profits of $5.1 billion. RBC said political pressure meant BP would likely wait until later in the year to ramp up payouts, forecasting share buybacks of $4.75 billion over the following two quarters. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Signs Production Sharing Contract for Atapu Field in Brazil

Shell Signs Production Sharing Contract for Atapu Field in Brazil

Apr 27, 2022

Today, Shell Brasil Petróleo Ltda.(Shell Brasil), a subsidiary of Shell plc, signed the Production Sharing Contract (PSC) to formally acquire a 25 percent stake of the Atapu field. Shell paid $ 1.1 billion to Petrobras for the increased stake in the field. With the contract now signed, Shell will start receiving its additional share of oil from the field.

Notes to editors

  • Shell Brasil Petroleo is a subsidiary of Shell plc.
  • In December 2021 in the Transfer of Rights auction, Shell along with partners Petrobras (52.5%, operator) and TotalEnergies (22.5%) acquired the rights to volumes from the Atapu field.
  • Atapu is a pre-salt oil field in the Santos Basin located in waters depths of about 2,000 meters. Production started in 2020 through the P-70 Floating, Production, Storage and Offloading unit (FPSO) which has the capacity to produce 150,000 barrels of oil equivalent (boe) per day.
  • For more details on Shell’s Powering Progress strategy, please visit www.shell.com/poweringprogress.

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine’s government has branded Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil.

Officials in Kyiv said Western companies were continuing to ‘bankroll Putin’s war machine’ despite promising to cut ties with the Kremlin. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Strong progress towards net zero for Shell

Strong progress towards net zero for Shell

Apr 20, 2022

Shell today published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022.

“In a time of great uncertainty, it is vital that our long-term energy transition strategy remains on track,” said Ben van Beurden, Shell’s Chief Executive Officer. “This report shows the strong progress we have made towards our target to become a net-zero emissions energy business by 2050.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Extinction Rebellion mob cause traffic NIGHTMARE in London

MailOnline

Extinction Rebellion mob cause traffic NIGHTMARE in London

  • Earlier today the eco fanatics climbed onto a Shell oil tanker at a petrol station in Bayswater, London

  • Along with eco-mob Just Stop Oil, XR have brought 16 days of disruption to traffic, oil depots and commuters

  • Comes after activists blocked four of London’s busiest bridges on Good Friday – causing traffic chaos

  • Several oil firms secured injunctions to stop environmental protesters from targeting fuel processing sites 

A mob of Extinction Rebellion protesters have swamped London’s Marble Arch, glueing themselves to a limousine and bringing traffic to a standstill.

The eco-fanatic rabble have once again brought chaos to the streets of the capital as they launched a series of ‘disruptions’ on a sixteenth days of protests alongside Just Stop Oil activists.

XR members convened in Hyde Park earlier today before one group – which included two former Olympians – climbed onto a Shell oil tanker at nearby Bayswater, leading to six arrests. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell to develop blue hydrogen plant

The Times

Shell to develop blue hydrogen plant

The plant would separate natural gas into clean-burning hydrogen and waste carbon dioxide, which would be disposed of under the sea via the proposed East Coast Cluster carbon capture and storage facility. Hydrogen burns cleanly and is seen as a crucial part of Britain’s decarbonisation plans, especially for heavy industry and transport as well as potentially for power generation. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell to write off up to $5bn on Russia exit

Yahoo!news

Shell to write off up to $5bn on Russia exit

: Thu, April 7, 2022, 8:41 AM

Energy stalwart Shell (SHEL.L) has warned that its exit from Russia could cost it as much as $5bn (£3.8bn) in the first three months of this year.

Shell will write off between $4bn and $5bn in the value of its assets, but the post-tax impairments will not impact the company’s earnings, it said in an update ahead of its earnings announcement in May.

Thursday’s announcement offers a first glimpse of the potential financial hit to western oil companies withdrawing from the country following its invasion of Ukraine. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell first quarter 2022 update note

Shell first quarter 2022 update note

The following is an update to the first quarter 2022 outlook. Impacts presented may vary from the actual results and are subject to finalisation of the first quarter 2022 results, published on May 5, 2022. Unless otherwise indicated, all outlook statements exclude identified items.

The prevailing volatility in commodity prices has led to larger ranges in the financial guidance for the quarter. Adjusted Earnings and Adjusted EBITDA updates are provided at a segment level while the CFFO update is provided at a Shell Group level. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell eyes major expansion of B.C. natural gas project

Global&Mail

Shell eyes major expansion of B.C. natural gas project

Brent Jang: 6 April 2022

Shell PLC SHEL-N is studying the feasibility of a major expansion for the LNG Canada joint venture in British Columbia, citing a surge in global demand for liquefied natural gas and the need for reliable new supplies.

Europe has been scrambling to reduce its dependence on natural gas from Russia since the invasion of Ukraine nearly six weeks ago, and countries in Asia want cleaner alternatives to coal. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Trinidad and Tobago delivers first gas from Colibri Project

Shell Trinidad and Tobago delivers first gas from Colibri Project

Mar 31, 2022

Shell Trinidad and Tobago (through BG International, a subsidiary of Shell plc), today announces that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.

The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract for the Manatee field, marking yet another significant milestone in Shell’s growth strategy in country. This will allow for the delivery of gas both domestically and internationally through Atlantic LNG. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell U-turn on Cambo oilfield would threaten green targets, say campaigners

The Guardian

Shell U-turn on Cambo oilfield would threaten green targets, say campaigners

Company is reviewing decision to withdraw from North Sea project because of high oil price, report claims

Jasper Jolly: Tue 22 Mar 2022 09.41 GMT

Climate activists have reacted with concern to reports that Shell is reconsidering its decision to abandon development of the Cambo oilfield, warning that such a reversal would further threaten emissions reductions targets.

The fossil fuel producer could U-turn on a decision to pull out of the North Sea project because the “economic, political and regulatory environment had changed enormously since the decision was announced just three months ago”, according to sources cited by the BBC. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell seeks permits to build offshore wind farms along Brazil’s coast

Bloomberg

Shell seeks permits to build offshore wind farms along Brazil’s coast

Shell plans to sell electricity from the wind farms to the country’s hydrogen industry

London: Energy giant Shell is seeking environmental permits to develop its first offshore wind farms along the coast of Brazil as the company pushes to speed its transition away from fossil fuels.

The London-based oil major proposes to build six projects with a combined capacity of 17 gigawatts, which would rival the output of 15 nuclear reactors. It applied for permits earlier this week with the Brazilian Institute of Environment and Renewable Natural Resources, according to Gabriela Oliveira, Shell’s head of renewable energy generation in Brazil. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Australia’s Prelude LNG cleared for restart

Argus Media

Australia’s Prelude LNG cleared for restart

Published date: 18 March 2022

Production at the 3.6mn t/yr Prelude floating LNG project in the Browse basin offshore Western Australia (WA) has been granted approval to restart, Australia’s offshore security regulator said.

The National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) has closed a direction issued to project owner and operator Shell on 23 December 2021, instructing it to “demonstrate that the facility can operate safely in the event of power loss before production can commence”. Shell also confirmed that the direction has closed, but has no further comment at this stage. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s Board Of Directors Sued For Not Doing Enough For Climate Change

Nasdaq.com

Shell’s Board Of Directors Sued For Not Doing Enough For Climate Change

RTTNews.com RTTNews: PUBLISHED MAR 15, 2022 3:54PM EDT

(RTTNews) – Shell’s Board of Directors sued for not doing enough for climate change The Board of British energy company Shell Plc (SHEL) is being sued for not taking enough steps to help the company make the transition away from fossil fuels.

Environmental law firm ClientEarth, which is also a Shell shareholder, said on Tuesday that it had notified the company of its lawsuit against Shell’s 13 executive and non-executive directors. The law firm has said that the Board’s failure to put in place a climate plan, which aligns with the Paris Agreement must be considered a breach of their duties as per British law. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell boss bags 26% leap in annual pay package after COVID oil price recovery

sky news

Shell boss bags 26% leap in annual pay package after COVID oil price recovery

Ben van Beurden took home 57 times more than the median Shell worker in 2021 but will be facing pressure to temper awards for the current year as surging oil and gas prices bring misery to households and business alike.

: Business reporter : Thursday 10 March 2022 10:40, UK

The chief executive of Shell’s pay package rose by 26% to €7.4bn (£6.2m) last year amid a recovery in oil prices from COVID crisis lows, according to the company’s annual report. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell says it will stop buying Russian oil, natural gas

AP

Shell says it will stop buying Russian oil, natural gas

LONDON (AP) — Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine.

The company said in a statement that it would withdraw from all Russian hydrocarbons, including crude oil, petroleum products, natural gas and liquefied natural gas, “in a phased manner.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell makes ‘difficult’ decision to purchase Russian crude oil, vows to buy elsewhere ‘whenever possible’

Fox Business

Shell makes ‘difficult’ decision to purchase Russian crude oil, vows to buy elsewhere ‘whenever possible’

The company says it will avoid purchasing Russian oil whenever possible

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell finance chief Jessica Uhl quits over relocation to London

The Times

Shell finance chief Jessica Uhl quits over relocation to London

Emily Gosden, Energy Editor: The Times

Shell’s chief financial officer is to stand down after deciding that her family could not follow the oil giant in its move to Britain.

Jessica Uhl, 54, has held the role since March 2017 and was a “key architect” of Shell’s decision to simplify its share structure and move its headquarters and the roles of chief executive and chief financial officer from the Hague to London. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

CNBC

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

Fred Imbert@FOIMBERT KEY POINTS
  • Shell said it’s selling a 27.5% stake in Sakhalin-II, an integrated oil and gas project located on the Sakhalin island in Russia, as well as a 50% interest in Salym Petroleum Development N.V.
  • “We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” Shell CEO Ben van Beurden said in a statement.
  • The company said that it had about $3 billion in “noncurrent assets” through its Gazprom ventures at the end of 2021.

Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues.

Shell said it’s selling a 27.5% stake in Sakhalin-II, an integrated oil and gas project located on the Sakhalin island in Russia, as well as a 50% interest in Salym Petroleum Development N.V., “a joint venture with Gazprom Neft that is developing the Salym fields in the Khanty-Mansiysk Autonomous District of western Siberia.” The company also said it’s ending its involvement in the Nord Stream 2 pipeline project. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

JP Morgan under fire for dubious $1.3bn Nigeria oil deal

CITYA.M.

JP Morgan under fire for dubious $1.3bn Nigeria oil deal

: 20 Feb 2022

A bitter legal dispute between the Nigerian state and banking giant JP Morgan is due to be heard in the UK’s High Court this week.

JP Morgan is being sued by the Nigerian government over allegations it negligently allowed corrupt officials to pilfer more than three quarters of a $1.3bn oil investment, the Telegraph first reported. Court filings reportedly state that JP Morgan should have been aware that the transactions it was asked to perform, transferring hundreds of millions of dollars to foreign bank accounts controlled by Nigerian oil minister Dan Etete, were potentially fraudulent. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

U.N. pact may restrict plastic production. Big Oil aims to stop it

REUTERS

U.N. pact may restrict plastic production. Big Oil aims to stop it

By John Geddie, Valerie Volcovici and Joe Brock: Fri., February 18, 2022

A global explosion of disposable plastic, which is made from oil and gas, is increasing carbon emissions, despoiling the world’s oceans, harming wildlife and contaminating the food chain. More than 50 countries, including all 27 members of the European Union, are calling for the pact to include measures targeting plastic production.

That’s a problem for big oil and chemical companies. The industry is projected to double plastic output worldwide within two decades. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s QGC JV plans for new gas drilling phase in Australia

February 9, 2022

OFFSHORE TECHNOLOGY

Shell’s QGC JV plans for new gas drilling phase in Australia

Shell has announced that its Queensland Gas Co. (QGC) joint venture (JV) plans to enter a new drilling phase for natural gas, onshore Queensland, Australia.

The work will be carried out together with JV partners China National Offshore Oil Corporation (CNOOC), and Japan’s Tokyo Gas. Shell is the operator and holds a majority interest in the QGC venture.

Between 2022 and 2024, the QGC will drill approximately 145 new gas wells in the Western Downs region of Queensland. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell joins maritime SOFC development project with Doosan Fuel Cell and Hyundai shipbuilding group

Aju Business Daily

Shell joins maritime SOFC development project with Doosan Fuel Cell and Hyundai shipbuilding group

Lim Chang-won Reporter() | Posted : Febuary 7, 2022, 15:02 | Updated : Febuary 7, 2022, 15:02

SEOUL — Shell, a global energy and petrochemical group, teamed up with Doosan Fuel Cell and South Korea’s Hyundai shipbuilding group to develop a solid oxide fuel cell system for commercial use by ships in 2025. For optimization, the tripartite consortium aims to test a 600-kilowatt system as an auxiliary power unit on actual trade routes for more than a year. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

New calls for windfall tax as Shell unveils highest quarterly profit in eight years

The Guardian

New calls for windfall tax as Shell unveils highest quarterly profit in eight years

Jillian Ambrose and agency: Thu 3 Feb 2022 12.13 GMT

Shell has cashed in on rocketing oil and gas markets by quadrupling its profits to historic highs, fuelling fresh calls for a windfall tax on fossil fuel giants to help hard-pressed households cope with record energy bills.

The UK’s Labour party has called for the government to fund measures to help British households weather the cost of living crisis by imposing a windfall tax on North Sea oil and gas producers. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell delays expansion work at Nigeria’s Bonga oil field by two years: sources

S&P Global/Platts

Shell delays expansion work at Nigeria’s Bonga oil field by two years: sources

Shell has delayed expansion work at its Nigerian offshore Bonga field by another two years, dealing a major blow to the West African country’s quest to grow its crude production after a series of technical and operational setbacks, sources close to the project said Feb. 2.

t was only in May 2021 that Shell, along with its partners, signed a deal with state oil company Nigerian National Petroleum Company Ltd (NNPC) in the deepwater oil block Oil Mining Lease 118, clearing the path to a major expansion of the country’s Bonga oil and gas field. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell to hand £6bn to shareholders as oil and gas prices soar

London Evening Standard

Shell to hand £6bn to shareholders as oil and gas prices soar

The business said profits have risen dramatically in the last few months.

By August Graham: 3 Feb 2022

It has been a bumper three months for energy giant Shell, which managed to increase its profits nearly fourteen-fold amid soaring oil and gas prices.

As prices surged, the company’s upstream unit was able to collect 8.88 dollars for every thousand cubic feet of gas it sold to customers over the last quarter of 2021.

Just six months earlier gas had been selling for 4.31 dollars, less than half of its most recent level. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Is Betting Big On Namibia’s Oil Boom

OILPRICE.COM

Shell Is Betting Big On Namibia’s Oil Boom

While all recent oil exploration attention has been on Exxon’s (NYSE:XOM) massive string of discoveries in Guyana, another giant player and a junior explorer are shifting to focus toward what may be the next up-and-coming oil hotspot …

It’s Namibia–a country that’s never produced a barrel of oil.

We don’t hear much about new oil discoveries these days. Onshore discoveries are almost unheard of because nearly everything except the African final frontier has been explored. Offshore discoveries are few and far between. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Starts Up 20MW Hydrogen Electrolyzer In China

RIGZONE

Shell Starts Up 20MW Hydrogen Electrolyzer In China

by Bojan Lepic: Rigzone Staff: Friday, January 28, 2022

Energy major Shell has started operations at the power-to-hydrogen electrolyzer in Zhangjiakou, a joint venture between Shell China and Zhangjiakou City Transport Construction Investment Holding Group.

One of the world’s largest hydrogen electrolyzers will provide about half of the total green hydrogen supply for fuel cell vehicles at the Zhangjiakou competition zone during the Winter Olympic Games, set to begin on February 4, 2022.

“The electrolyzer is the largest in our portfolio to date and is in line with Shell’s Powering Progress strategy, which includes plans to build on our leading position in hydrogen,” said Wael Sawan, Shell’s Integrated Gas, Renewable, and Energy Solutions Director. “We see opportunities across the hydrogen supply chain in China, including its production, storage, and shipping. We want to be the trusted partner for our customers from different sectors as we help them decarbonize in China.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Makes Significant Oil & Gas Discovery Offshore Namibia

OILPRICE.COM

Shell Makes Significant Oil & Gas Discovery Offshore Namibia

By Tsvetana Paraskova – Jan 25, 2022, 12:30 PM CST

Shell has made a significant oil and gas discovery offshore Namibia, one of the expected hotspots for exploration this year, Reuters reported on Tuesday, quoting three sources in the industry.

Shell, which started drilling the Graff-1 well in Namibia’s waters in December, has found resources estimated at 250-300 million barrels of oil and gas equivalent, one of the sources told Reuters. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Officially Drops ‘Royal Dutch’ From Name After Relocation

Bloomberg

Shell Officially Drops ‘Royal Dutch’ From Name After Relocation

By Laura Hurst: 21 January 2022, 17:28 GMT

Shell Plc has dropped “Royal Dutch” from its name, part of a major overhaul of its legal and tax structure announced in December.

The energy giant officially changed its name on Friday, according to a statement, following earlier approvals from its shareholders and board of directors.

Shell’s overhaul involves integrating its dual-share structure into a single line of shares and relocating its headquarters to London. The changes will only involve about a dozen executives – including Chief Executive Officer Ben van Beurden and Chief Financial Officer Jessica Uhl — moving to the U.K. capital. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell secures Scottish wind farm bids with Iberdrola’s ScottishPower

Alliance News

Shell secures Scottish wind farm bids with Iberdrola’s ScottishPower

Mon, 17th Jan 2022 11:55

Alliance News) – Royal Dutch Shell PLC said Monday its joint ventures with Iberdrola SA’s ScottishPower have won multiple bids to develop 5 gigawatts of floating wind power in Scotland.

Shell and ScottishPower won two sites representing a total of 5 GW off the east and north-east coast of Scotland.

Wael Sawan, Integrated Gas & Renewables and Energy Solutions Director at Shell, said: “Shell and ScottishPower can now look forward to generating floating wind power at significant scale in the UK to accelerate the country’s transition towards net zero. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Campaign Behind Landmark Case Against Shell Targets More Energy Groups

OilPrice.com

Campaign Behind Landmark Case Against Shell Targets More Energy Groups

By Tsvetana Paraskova – Jan 13, 2022, 10:30 AM CST

Milieudefensie, the Dutch chapter of Friends of the Earth activists who won a landmark climate case against Shell in 2021, now urge more than two dozen other multinationals, including BP, Exxon, Vitol, and LyondellBasell, to implement plans to slash emissions by at least 45 percent by 2030 from 2019 levels.

In a letter sent on Thursday to 29 “big polluters”, including Shell, BP, Exxon, Vitol, LyondellBasell, RWE, Unilever, Uniper, Stellantis, Schiphol, ABN AMRO, and others, Milieudefensie asks the companies to respond how they plan to cut their Scope 1, 2, and 3 emissions by at least 45 percent by 2030. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

North Sea gas: Government balancing on environmental tightrope as Shell plans drilling in Jackdaw field

sky news

North Sea gas: Government balancing on environmental tightrope as Shell plans drilling in Jackdaw field

: Climate change correspondent

Tuesday, 11 Jan 2022

Deep in the North Sea, 150 miles directly east of Aberdeen, lies an enormous and as yet undrilled gas field called Jackdaw.

Its owner Shell has described the field as “critical” to its North Sea strategy.

In October 2021 the government’s environmental regulator for the offshore fossil fuel industry rejected Shell’s plans to drill on as-yet unspecified environmental grounds.

But Europe’s largest oil and gas group isn’t giving up, submitting revised proposals and, as a spokesperson told Sky News, continuing to “work with the regulator to explore options around developing the Jackdaw field”. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

UK oil and gas giants raked in £10BILLION in just THREE months as energy bills soar

Mirror

UK oil and gas giants raked in £10BILLION in just THREE months as energy bills soar

By Ben Glaze Deputy Political Editor: Pippa Crerar Daily Mirror Political Editor: 7 Jan 2022

Shell and BP reported the combined profits, dividends and buybacks just as wholesale gas prices began to soar. The two firms have had £660 million in tax credits in the last five years

The UK’s biggest oil and gas companies raked in £10.2billion in just three months last year, figures reveal.

Shell and BP reported the combined profits, dividends and buybacks just as wholesale gas prices began to soar. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s gas profits ‘significantly’ boosted by energy crisis

The National

Shell’s gas profits ‘significantly’ boosted by energy crisis

Alice Haine: London Jan 7, 2022

Royal Dutch Shell said its natural gas trading business overcame supply disruptions to post “significantly higher” earnings for the fourth quarter compared with the previous three months amid record gas prices – but oil product sales were less buoyant.

The energy company said the “high liquid natural gas spot price environment” gave the company a boost, according to a trading update ahead of its fourth-quarter results on February 3, making it one of the few winners during the energy crisis gripping Britain and wider Europe. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

NGOs Say Refugees on Shell Oil Platform Returned to Tunisian Navy

The Maritime Executive

NGOs Say Refugees on Shell Oil Platform Returned to Tunisian Navy

Published Jan 4, 2022

Several NGOs operating rescue operations in the Mediterranean are accusing oil industry giant Shell and the government of Malta of a failure to properly safeguard approximately 70 refugees who had sought refuge in bad weather at a Shell-operated oil platform in the Mediterranean. The refugees were removed from the platform by a Tunisian naval vessel and according to the NGOs are being returned to unsafe circumstances in Africa. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

South Africa court rules against Shell, orders company halt seismic survey

FOX BUSINESS

South Africa court rules against Shell, orders company halt seismic survey

By  FOXBusiness: 29 Dec 2021

A South African court has blocked Shell’s seismic survey along the country’s eastern coastline, handing environmentalists a strong victory against the oil company.

The survey aimed to examine a 155-mile stretch of coastline in Eastern Cape Province. The seismic blasting process involves firing high-powered air guns every 10 seconds and measuring the echoes to detect cavities under the sea bed. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Court halts Shell’s seismic survey along the Wild Coast

iol.co.za

Court halts Shell’s seismic survey along the Wild Coast

By Brenda Masilela : 28 Dec 2021

PRETORIA – The Grahamstown High Court in Makhanda on Tuesday granted an interdict against Shell’s seismic survey along the Wild Coast

This a second application made in the same court to stop oil multinational Shell’s seismic survey along South Africa’s Wild Coast.

Three weeks ago, Judge Avinash Govindjee dismissed the application by activists – including Greenpeace – to stop the survey on the basis that “irreparable harm” to marine species had not been proved. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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