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Posts on ‘November 30th, 2017’

Female staff at oil giant Shell earn a FIFTH less than their male colleagues

  • Royal Dutch Shell’s gender pay gap report showed a difference of 22.2 per cent 
  • The oil giant said the gap was largely down to the lack of women in senior roles 
  • Two-thirds of the group’s employees are male and just 33 per cent are female

Female staff at Royal Dutch Shell earn more than a fifth less than their male colleagues, the oil giant has revealed.

The FTSE 100 group’s gender pay gap report showed a difference of 22.2 per cent on average for male and female employees in the UK.

But it said it was ‘confident we have equal pay’ and stressed the gap was largely down to the lack of women in senior management roles and higher-paid technical and trading jobs. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

U.S. oil majors fall behind on climate, European lead

Major European oil companies are making major efforts to reduce greenhouse gas emissions to fight climate change. American majors are dragging their behinds.

Royal Dutch Shell pledged Tuesday to slash carbon emission by 50 percent and boost investment in clean, renewable energy. CEO Ben van Beurden promised to spend at least $2 billion on on wind power, biofuels and electric cars, about the same amount it will spend on shale oil.

“It is making sure that the products within society have an overall lower carbon footprint,” Beurden told investors, according to the Guardian newspaper. “That is the long-term way of making sure our business remains a relevant business in the face of the energy transition.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Only collaboration will solve the global warming puzzle

BEN VAN BEURDEN: 30 NOVEMBER 2017

The world has a puzzle to solve, a jigsaw with a spectacular number of pieces to place. If it can succeed it will win a priceless prize: it will achieve the goal of the Paris Agreement, to limit global warming to under 2C. It is the puzzle of the energy transition.

Piecing together a solution is going to be tricky and we at Shell have been trying to make progress as a company. We have a way forward now and I am going to share it with you. But first, the jigsaw. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Women’s average pay at Shell in UK a fifth less than men’s

Ron Bousso: NOVEMBER 30, 2017

LONDON (Reuters) – Female employees of Royal Dutch Shell in Britain earned on average 22 percent less than male colleagues, the oil and gas firm said on Thursday, a difference that is more than double the national average.

The Anglo-Dutch company, which employs more than 5,000 people in Britain, of which two thirds are men, said the gap was due to fewer women holding senior leadership positions and fewer women working in technical roles such as operating offshore rigs, or trading roles that attract higher pay. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell reveals 22% gender pay gap

The company said the gap was largely down to the lack of women in senior management roles and higher-paid technical and trading jobs.

Female staff at Royal Dutch Shell earn more than a fifth less than their male colleagues, the oil giant has revealed.

The FTSE 100 group’s gender pay gap report showed a difference of 22.2% on average for male and female employees in the UK.

But it said it was “confident we have equal pay” and stressed the gap was largely down to the lack of women in senior management roles and higher-paid technical and trading jobs.

Two-thirds of the group’s employees are male and just 33% are female, it said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Midstream buying pipelines, terminals for $825m

Houston’s Shell Midstream Partners is going on a buying spree, acquiring $825 million worth of pipelines and terminals from its Royal Dutch Shell parent.

Written by

The deals designed to beef up the three-year-old Shell Midstream business give the Houston pipelines firm more ownership in Gulf Coast and Gulf of Mexico pipelines, as well as a slew of terminals from the Houston area to Washington state.

The drop-down acquisitions from the parent Shell and other Shell subsidiaries give Shell Midstream majority ownership of the Mars and Odyssey oil pipelines in the Gulf of Mexico. Shell Midstream already owned 49 percent stakes in the pipelines and the deal ups those stakes to at least 71 percent. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell’s Deepwater Strength

Dividend Stream: Nov. 30, 2017

Summary

  • Royal Dutch Shell held its annual analyst day earlier this week.
  • Management expects to generate at least $25 billion in excess cash flow by 2019.
  • Despite rising share prices, Shell can still be picked up here.
  • This idea was discussed in more depth with members of my private investing community, Streaming Income.

The recovery in oil and gas is in full swing. While benchmark crude oil prices have gone up across the board, Brent is now $63 per barrel, the catalyst for this recovery comes more in the fact that oil producers have done such a good job in bringing costs down.

Nowhere is that more starkly noticeable than in offshore, deepwater drilling, where dayrates for state-of-the-art rigs have gone from as high as $700,000 three years ago to just $250,000 or so. As onshore rig counts creep higher, cost inflation is once again becoming a fact of life in select onshore shale plays. With deepwater drilling, however, there are still many rigs ‘stacked’ in harbors across the world just waiting to come out and get activated, thereby keeping development and operational costs down. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell damps down Prelude LNG expectations

by Angela Macdonald-Smith: Nov 29, 2017

Royal Dutch Shell has sewn doubt in the market about an early 2018 start-up of the oil major’s innovative Prelude floating LNG project off the coast of north-west Australia, with chief executive Ben van Beurden signalling that the project will only start contributing noticeably to cash flow in 2019.

While the ramp-up of the $US54 billion (71 billion) Gorgon LNG project in Western Australia was named by Mr van Beurden as among projects named to help grow cash flows next year, Prelude was included in the later batch. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Amnesty wants probe into Shell’s alleged role in 1990s Nigeria violence

Esther Kiobel, the widow of one of the nine Ogoni activists

Reporting by Libby George; Editing by Edmund Blair: NOVEMBER 28, 2017

LONDON/LAGOS (Reuters) – Amnesty International has called for a criminal investigation into the alleged role of Royal Dutch Shell in human rights abuses in Nigeria’s oil-rich Ogoniland in the 1990s, accusations the Anglo-Dutch oil company has denied. The rights group urged the British, Dutch and Nigerian governments carry out probes in a report that it said included evidence showing Shell’s involvement in suppression of protesters by the military government in the 1990s. Shell Petroleum Development Company of Nigeria Limited (SPDC) said the allegations were “false and without merit”.

Shell, the largest oil producer in Nigeria, has faced several court cases relating to the turbulent period that culminated with the execution of rights campaigner Ken Saro-Wiwa and eight others in 1995.

Saro-Wiwa led a campaign to against environmental damage caused by the oil production in the lands of the Ogoni people in the Niger Delta, a major crude producing region. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Canada donates $1 million worth of technology to organizations in need across Canada

PRESS RELEASE PR Newswire

Nov. 28, 2017, 10:30 AM

Canadian Electronic Recycling Association celebrates major milestone and equips 12 agencies in need, including Tsuu T’ina Nation

CALGARY, Nov. 28, 2017 /CNW/ – Shell Canada today announced a $1 million donation of computer equipment to the Canadian Electronic Recycling Association (ERA), who will distribute it to organizations in need across Canada. This is the ERA’s single largest donation to date and marks a milestone for the organization.

To kick off this donation, Shell and the ERA will distribute more than 300 recent model computers, laptops and monitors to 12 organizations across Canada on November 28 as part of “Giving Tuesday” (#GivingTuesday www.givingtuesday.org). The remainder of the donation will be given out to schools and other organizations over the coming months. Organizations are encouraged to contact the ERA (www.era.ca) to find out how they can access this donated equipment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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