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January, 2018:

Why the Dutch are Missing Out on the Global Natural Gas Glut

The world may never have produced more natural gas, but that’s little comfort for the Dutch government as it seeks to replace flows from Europe’s biggest field.

Lawmakers in the Netherlands on Tuesday will discuss options to supply their pipeline network, which was built around the relatively poor-quality gas from the Groningen deposit. More than a half century of production there triggered earthquakes, forcing the scaling back of output.

Progressive Decline

Annual gas output from the Groningen gas field under new rules read more

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FACTBOX-Shell oil heist: the story so far

John Geddie, Fathin Ungku: JAN 16, 2018

SINGAPORE, Jan 16 (Reuters) – Singapore authorities say they have uncovered a complex, cross-border scheme to steal large quantities of oil from Shell’s biggest refinery.

Their investigations have so far entangled several international companies in incidents going back months. Fourteen men face charges, the latest of which were announced on Tuesday.

Police have also seized an oil tanker and millions of dollars in cash, and frozen suspects’ bank accounts. read more

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Shell invests in solar, but still plowing money into oil

Still, as company invests in solar firm, it plans to commission oil production vessel

Photo: John Davenport, STAFF

January 15, 2018 Updated: January 15, 2018 9:29pm

Shell Oil Co. plans to plow around $200 million into a Tennessee solar company, the latest deal that finds a major oil company investing in renewable energy as the industry prepares for a day when crude demand plateaus.

A unit of Houston’s Shell Oil will purchase almost half of Silicon Ranch Corp., a Nashville company that operates solar projects around the United States, for up to $217 million, the company’s biggest investment in utility-scale solar energy yet, the company said on Monday. Shell Oil is the U.S. subsidiary of Royal Dutch Shell, the Anglo-Dutch oil major.  read more

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Shell commissions new oil-production vessel in UK North Sea field

Royal Dutch Shell plans to build its first major oil-production vessel in the northern U.K. North Sea in almost three decades, in an effort to redevelop the Penguins oil and gas field, the company said Monday.

Shell believes the floating production, storage and offloading vessel will pump 45,000 barrels of oil equivalent a day from the Penguins field at its peak, and that it could break even on its investment even if oil prices slide below $40 a barrel. read more

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Shell Bolsters Renewables Bet With Stake in U.S. Solar Company

Royal Dutch Shell Plc is investing in a U.S. solar energy developer, continuing its recent expansion into the electricity business.

The Anglo-Dutch oil and gas producer will acquire a 44 percent stake in Nashville’s Silicon Ranch Corp., which owns and operates about 100 solar facilities across the U.S. The investment could be as high as $217 million in cash, depending on the company’s performance, making Shell the largest shareholder, according to a statement.

Shell has been growing its foothold in the power business as it prepares for a carbon-constrained world, including an agreement to purchase the U.K’s seventh-largest utility in December. Rivals BP Plc and Total SA have also expanding into offshore wind and solar in the past few years, reflecting changing government incentives and customer demands. read more

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Shell ventures back into solar

Ron Bousso: 15 JAN 2018

LONDON (Reuters) – Royal Dutch Shell agreed on Monday to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business.

The Anglo-Dutch company also gave the green light for its first major new project in the North Sea in six years, signaling a cautious return to spending following three years of belt tightening in the face of lower oil prices.

Shell agreed to buy a 43.86 percent stake in Silicon Ranch Corporation from funds linked to Partners Group for up to $217 million. It follows on the heels of British rival BP, which last month also re-entered the solar sector with the $200 million investment in Lightsource. read more

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Shell agrees to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu

REUTERS STAFF: JANUARY 15, 2018 / 2:19 PM /

DUBAI (Reuters) – Royal Dutch Shell has agreed to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu, a Shell spokesman said on Monday.

“Itochu and Shell have reached agreement on the sale of Shell’s interest in the West Qurna 1 oilfield and are now working to secure all the necessary approvals from the government of Iraq,” the spokesman said. “Details of the discussions are commercially confidential.”

Iraq has approved the sale by Shell of its 20 percent stake in the West Qurna 1 oilfield to Itochu, a senior Iraqi oil official told Reuters last week. read more

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More 2018 project sanctions to follow Shell’s Penguins decision, OGA says

The regulator for North Sea industry said it expects more “high value projects” to be sanctioned this year, prolonging production for years to come.

Written by

Andy Samuel, chief executive of the Oil and Gas Authority, was speaking after oil giant Shell revealed it had taken a final investment decision on the Penguins area, north-east of Shetland.

The project will involve the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years.

Mr Samuel said: “We are very pleased to approve the redevelopment of the Penguins cluster in the Northern North Sea. It’s a vote of confidence from two major global operators, Shell and Esso, in realising the significant remaining potential of an existing asset. read more

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Shell delivers ‘significant boost’ with Penguins call, Scottish Government says

Shell’s redevelopment of a North Sea field will deliver a “significant boost” to north-east communities, the Scottish Government said.

Written by

Energy Minister Paul Wheelhouse said the investment was “further evidence of rising confidence” in the region.

The oil giant said today it had taken a final investment decision on the Penguins area, north-east of Shetland.

The project will involve the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years.

Mr Wheelhouse said: “We have always maintained there are significant opportunities remaining in the North Sea, even in the context of a low carbon transition, and that a strong and vibrant domestic offshore oil and gas industry will play an essential role in the future energy system we set out in our recently published Energy Strategy. read more

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Shell OKs first UK North Sea project in six years

Ron Rousso: JAN 15, 2018

LONDON (Reuters) – Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in the ageing basin in six years.

Shell said the development, which includes the construction of a floating production, storage and offloading (FPSO) vessel, reaffirmed the Anglo-Dutch company’s commitment to the region after it sold around half of its assets there last year.

“Penguins demonstrates the importance of Shell’s North Sea assets to the company’s upstream portfolio,” said Andy Brown, director of Shell’s oil and gas production, known as upstream. read more

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Singapore files more charges against Shell oil theft suspects

Fathin Ungku: JAN 15, 2018

SINGAPORE (Reuters) – A Singapore court on Monday filed additional charges against nine men accused in a large-scale oil theft at Shell’s biggest refinery, the latest development in an extensive investigation in the city-state.

The nine Singaporean men, eight of whom were employees of the Singapore subsidiary of Royal Dutch Shell Plc, faced initial charges in court last week alongside two Vietnamese nationals, who are due at court on Tuesday.

At least one additional charge was brought against each of the Singaporean men on Monday, court documents showed. read more

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Fossil fuels blown away by wind in cost terms: study

New onshore wind and solar energy projects are set to deliver electricity more cheaply than fossil fuels plants, with other green technologies also rapidly gaining a cost advantage over dirty fuels, a report published Saturday said. 

According to a new cost analysis from the International Renewable Energy Agency (IRENA), within two years “all the renewable power generation technologies that are now in commercial use are expected to fall within the fossil fuel-fired cost range, with most at the lower end or undercutting fossil fuels”.

It expects renewables will cost between three and 10 US cents per kilowatt hour (kWh) by 2020, while the current cost spectrum for fossil fuel power generation ranges from five to 17 US cents per kWh. read more

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Singapore charges three more suspects in Shell refinery oil heist

Police have seized millions of dollars in cash…

JOHN GEDDIE: JAN 13, 2018

SINGAPORE (Reuters) – A Singapore court on Saturday charged three men suspected of involvement in large-scale oil theft at Shell’s biggest refinery, days after bringing charges against 11 under an extensive probe by authorities in the city state.

The Singapore subsidiary of Royal Dutch Shell Plc first contacted the authorities in August 2017 about theft at its Pulau Bukom industrial site, just south of the country’s main island.

Police have seized millions of dollars in cash and a small tanker in the sting operation involving simultaneous raids across Singapore, one of the world’s most important oil trading centers and a major refinery hub. read more

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Shell Braces for Change by Expanding Its Foothold in Electricity

“The era of oil and gas and petrochemicals is not over, but the era of electric transport is also coming in,” van Beurden said.

Royal Dutch Shell Plc is taking small steps toward a future dominated by electric cars, renewable energy and carbon constraints, demonstrating its intent not to remain solely an oil and gas company.

The energy giant agreed last month to purchase First Utility Ltd., the U.K.’s seventh-largest power provider. Its offshore-wind partnership with Eneco may expand further, with newspaper Telegraaf reporting on Friday that Shell is considering buying the Dutch utility outright.

Big Oil entering the heavily regulated European power market isn’t a natural fit today. Yet it makes sense for a future in which consumers want charging points alongside gasoline pumps at fueling stations, and iPhone apps and smart home devices generate vast amounts of energy-use data that itself becomes a valuable commodity. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

‘Shell is considering bidding for Dutch green energy group Eneco’

Anglo-Dutch oil and gas group Shell is making preparations to bid for green energy firm Eneco whose owners, made up of 53 local councils, are divided about its future, the Telegraaf said on Friday.

At the same time, a dispute between the local authority shareholders and the company’s board is threatening to slow down the sale process, the paper said.

Shell has hired an unnamed US-based merchant bank to help it in a possible bid for Eneco, sources within the banking industry told the paper.  But Shell itself reacted with a short and powerful ‘no comment’, the Telegraaf said. read more

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Shell Midstream Partners, L.P. Names Kevin Nichols as Next CEO

Houston, Jan. 10, 2018 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) announced today that after a distinguished 38-year career with Royal Dutch Shell plc, John Hollowell will retire as President and Chief Executive Officer of Shell Midstream Partners GP LLC, our general partner, effective March 31, 2018.  Kevin Nichols, Vice President for Shell Pipeline Company LP, will succeed John, and will report to Shell’s Downstream Director, John Abbott. read more

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Shell/Exxon (NAM) has delivered an urgent report to the Dutch State Supervision of Mines about the Zeerijp earthquake

TRANSLATED INFORMATION PUBLISHED 11 JAN 2018 IN DUTCH BY NAM

The Zeerijp quake

As a result of the recent earthquake at Zeerijp, NAM delivered a report to the State Supervision of Mines Supervisor (SSM) within 48 hours.
 
The report proposes measures for the Minister of Economic Affairs and Climate to ultimately decide on in the context of safety, safety perception and other assessment frameworks. In addition to primary safety, the safety experience of the citizens of Groningen is central to this.

Gerald Schotman emphasized in various interviews to national and regional media that NAM is not concerned about the level of gas production. That is a decision that politics must take. read more

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140 Churches oppose Shell Beaver County cracker plant

PETER SMITH Pittsburgh Post-Gazette

An umbrella group for 140 Presbyterian churches in Allegheny County is calling for a halt to the construction of a sprawling petrochemical plant in neighboring Beaver County, saying it would worsen already high levels of pollution and cancer risk in Southwestern Pennsylvania. 

“We are part of a faith tradition that has affirmed our responsibility to care for the earth as our home and care for all people, especially our most vulnerable populations,” says a letter signed by officials of the Pittsburgh Presbytery, representing more than 28,000 members of the Presbyterian Church (U.S.A.) in Allegheny County.

“This plant, and subsequent plants that are planned for the Ohio Valley, will be mass producing plastic products that have been linked to the death of animals and the diminishment of fragile natural habitats,” said the letter, approved by presbytery representatives at their December meeting. read more

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Too hot to handle? Shell’s Gaza gas field sale hits problems

Ron Bousso: JAN 11, 2018

LONDON (Reuters) – It may prove to be Royal Dutch Shell’s hardest sell. The Anglo-Dutch group is struggling to find a buyer for its gas field off the Gaza Strip, even among energy companies long used to dealing with projects fraught with political and security risks.

At least one European company has shown interest in the undeveloped Gaza Marine field following a reconciliation deal in October between the two rival Palestinian factions, a source involved in the talks said. read more

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New York City sues Shell, ExxonMobil, and other oil majors over climate change

Each of the first six months of 2016 set a record as the warmest respective month globally. Credit: NASA/GISS
January 10 2018

The New York City government is suing the world’s five largest publicly traded oil companies, seeking to hold them responsible for present and future damages to the city from climate change.

The suit, filed Tuesday against BP, Chevron, Conoco-Phillips, ExxonMobil and Royal Dutch Shell, claims the companies together produced 11 percent of all of global warming gases through the oil and gas products they have sold over the years. It also charges that the companies and the industry of which they are part have known for some time about the consequences but sought to obscure them. read more

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Further production cut eyed for Groningen after tremor

|By: , SA News Editor

Dutch gas company NAM says it will propose reducing production at the Groningen gas field following an earthquake on Monday that was the largest in recent years.

NAM, a Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM) joint venture that operates the Groningen field, says it will propose a shutdown of some production clusters, leading to a lower production volume overall.

The Dutch government has cut gas production several times in recent years from 39.4B cm in 2015-16, as decades of gas extraction have led to dozens of earthquakes every year in the Groningen region; the new government already agreed to cut output to ~20B cm by 2021 from a current 21.6B cm. read more

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New York City sues 5 major oil companies, claiming they contributed to global warming

The ExxonMobil refinery seen at dusk in St. Bernard Parish, La.

(Gerald Herbert / AP)

Associated Press

New York City is suing five major oil companies, claiming they have contributed to global warming.

Mayor Bill de Blasio says the city will be seeking billions in the lawsuit to recoup money spent by the city for resiliency efforts related to climate change.

The defendants in the city’s federal lawsuit are BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell.

A BP spokesman declined comment. A Shell spokesman said climate change is a complex issue that should not be addressed by the courts. The other three did not immediately comment. read more

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Shell (RDS.A) to Divest Coal Gasification Technology Unit

January 10, 2018, 10:06:00 AM EDT By Zacks Equity Research

Integrated oil and gas company , Royal Dutch Shell plc RDS.A recently agreed to divest its coal gasification technology business and patent portfolio for liquids gasification to Air Products and Chemicals, Inc. APD , an industrial gas provider. The financial terms of the deal, which will close in the upcoming months, are yet to be disclosed.

The technology being sold is clean, efficient and reliable and is used to convert low-value refinery residues and asphaltenes into synthesis gas or syngas.  Moreover, Shell also established a strategic alliance with Air Products with the target to render solutions to the liquids gasification market. The solution range incorporates engineering, procurement, construction activities, plant operations and technology licensing. read more

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Saudi Aramco hires former Shell executive for chemicals business

REUTERS STAFF: JANUARY 10, 2018

KHOBAR, Saudi Arabia (Reuters) – State oil giant Saudi Aramco has hired Olivier Thorel, a former senior executive at Royal Dutch Shell, as executive director for its chemicals business, the company said on Wednesday.

Thorel started his post at Saudi Aramco on Jan. 1. He held various positions with Shell in downstream operations after joining the company in France in 1990, Aramco said in its weekly magazine the Arabian Sun.

Saudi Aramco is growing its investments in downstream including chemicals as part of its strategy to diversify by balancing out its upstream and downstream activities. read more

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Shell sells stake in Iraq oilfield to Japan’s Itochu: oil official

Aref MohammedJANUARY 10, 2018 / 2:06 PM 

BASRA, Iraq (Reuters) – Iraq has approved the sale by Royal Dutch Shell of the company’s 20 percent stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu Corp, a senior Iraqi oil official said on Wednesday.

The deal comes as the Anglo-Dutch company agreed to exit the Majnoon oil venture, one of the largest fields in OPEC member Iraq, and hand over its operation to the state-run Basra Oil Co. (BOC) by the end of June 2018.

“Shell sold its stake in West Qurna 1 to Itochu and the oil ministry approved it. We met with Itochu and discussed the required financial investments and operations at the field,” Ihsan Abdul Jabbar, the head of state-run BOC, told Reuters in an interview.  read more

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Shell develops solar power plant at its Moerdijk chemicals site in the Netherlands

By PennEnergy Editorial Staff Source: Shell

The Netherlands – Shell is developing a solar power plant at its Moerdijk chemicals site, with construction planned to begin in 2018. The project will provide an approximate peak capacity of 20MW of renewable power. The power produced from the solar plant will be incorporated in the energy consumption of Shell Moerdijk. The power produced in the installation is the equivalent of the power consumption of approximately 7,000 Dutch households.

“Developing this solar power plant in Moerdijk fits within Shell’s ambition to play an active role in the Dutch energy transition,” says Marjan van Loon, president-director Shell Nederland. “We are eager to limit emissions through energy efficiency improvements of our processes and investments in new energy activities at the same time. Other examples of Shell’s work in the Netherlands energy transition include offshore wind in the North Sea, electric mobility at our retail sites and residual heat from Shell Pernis.” read more

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Shell is fully committed to oil and gas from shale says Financieele Dagblad

Printed below is an English translation of an article published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Shell is fully committed to oil and gas from shale“.

By Bert van Dijk  Energy Editor

Shale gas and shale oil may then have a negative sound in Europe and hardly play a role, governments in the US, Canada, China and Argentina do see a lot of it. Shell hopes to benefit from this favorable investment climate in the coming years, especially now that the company has drastically reduced the costs of extracting shale gas and oil in recent years. read more

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Why Trump’s Offshore Drilling Expansion Won’t Be So ‘Yuge’

…these are also the same waters unsuccessfully explored by Royal Dutch Shell in 2015, after which the company halted Arctic operations for the foreseeable future.

Sam Ori , Contributor: 

Interior Secretary Ryan Zinke released the Trump Administration’s long-awaited offshore drilling proposal last week. Once enacted, the plan will replace the existing leasing schedule, which was designed by the previous administration and had been set to run through 2022. New administrations are free to scrap the hold-over plans of prior administrations, and anyone who followed the 2016 presidential campaign knew that President Trump had a dramatically different view of offshore energy development than his predecessor. read more

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UPDATE 3-Singapore charges 11 men over Shell oil heist

By John Geddie and Henning Gloystein: JANUARY 9, 2018 / 3:11 AM

  • Police say 17 arrested for alleged oil theft, 11 charged

  • Shell is one of the biggest foreign investors in Singapore

  • Southeast Asia is seen as a hotspot of illegal oil trading (Adds details of times, location of incidents, maps)

SINGAPORE, Jan 9 (Reuters) – Eleven men were charged in a Singapore court on Tuesday over their part in an alleged oil theft at Shell’s biggest refinery, court documents showed.

Police in the island-state, Asia’s main oil trading hub, said earlier on Tuesday they had detained 17 men and seized millions of dollars in cash and a small tanker during their investigations into a theft at the Pulau Bukom industrial site.

Royal Dutch Shell Plc, which first reported the theft to authorities in August, said in a news release that the arrests included “a limited number of Shell employees” and that it anticipated “a short delay in the supply operations at Bukom.” read more

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Magnitude 3.4 tremor at Groningen gas field 

AMSTERDAM, Jan 8 (Reuters) – The Dutch minister for the economy said on Monday that output at the large Groningen gas field should be reduced “by as much as possible” during the current government term through 2021.

Eric Wiebes made the comment following a magnitude 3.4 tremor earlier on Monday that was the largest in recent years.

Dozens of earthquakes every year, resulting from decades of gas extraction, have caused damage to thousands of buildings and homes and prompted a dramatic shift in government policy now aimed at capping output. read more

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17 men arrested for taking fuel from Shell, $3.05 million in cash seized

The men are suspected of misappropriating fuel from Shell’s Pulau Bukom manufacturing site.ST PHOTO: ALPHONSUS CHERN

The spokesman added that all Shell employees are expected to comply with the company’s code of conduct and to uphold the highest standards of ethical behaviour. “Breaches are not tolerated and carry serious consequences, up to and including dismissal,” said the spokesman.

Lydia Lam and Lim Min Zhang: Monday 8 Jan 2018

SINGAPORE – Seventeen men have been arrested for misappropriating fuel from Shell Singapore, the police said in a statement on Monday (Jan 8).

The men, aged between 30 and 63, are suspected of misappropriating fuel from Shell’s Pulau Bukom manufacturing site.

Shell Singapore had lodged a report in August last year. The police conducted extensive investigations and probes. read more

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Big Oil Finds Hurdles Buried in Trump’s ‘America-First’ Tax Plan

For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other changes that are less of a boon. BP Plc and Royal Dutch Shell Plc offered a preview recently, saying they may write off as much as $4 billion in tax assets as a result.

Caps on debt-interest payments and cuts to deductions from previous years’ losses may hurt companies building capital-intensive projects with borrowed money. And other provisions, including time limits on expensing exploration, could hem in drillers with long-term projects, including Exxon Mobil Corp. and Chevron Corp. That may also give an edge to domestic shale production. read more

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U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

Ernest Sheyder and Valerie Volcovici

HOUSTON/WASHINGTON (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico.

The industry’s focus on an area located near a sprawling network of existing platforms, pipes and ports could ease the path to new reserves, and assuage the drilling opponents near other places offered under the Interior Department’s proposed drilling plan issued last week, like California’s Pacific, the Atlantic and Arctic. read more

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Zenith Energy Acquires Hamburg Terminaling Assets from Shell

HOUSTON, Jan. 8, 2018 /PRNewswire/ — Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that it has signed an agreement to acquire a liquids storage terminal facility in Hamburg, Germany from Royal Dutch Shell plc (“Shell”).  The transaction is expected to close in the first half of 2018.  Terms of the transaction were not disclosed.

The terminal assets are located in the Port of Hamburg, Germany’s largest seaport and the third largest container port in Europe.  The facility, located on 55 hectares, serves as a refined product import and blending terminal in North Germany with an expected storage capacity of over 480 thousand cubic meters / 3.0 million barrels for gasoline, diesel and jet fuel; inbound and outbound ocean vessel, barge, rail and truck; and pipeline connectivity in the Port of Hamburg.  After transferring ownership to Zenith, Shell will remain a significant customer of the terminal. read more

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Shell share price: Group’s future growth to depend on shale

Oil major’s disposals continue with stake in Dutch wind farm

by Tsveta ZikolovaMonday, 08 Jan 2018, 08:58 GMT

The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.

Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points. read more

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Shell Chief Van Beurden Favours Shale For Future Growth – FT

  Mon, 8th Jan 2018 07:34 LONDON (Alliance News) – Royal Dutch Shell PLC Chief Executive Ben van Beurden said the company’s growth in the next decade will depend on shale production, the Financial Times reported Sunday.

According to the newspaper, van Beurden sees “chemicals, electricity and biofuels as key sectors for Shell’s long-term future”. Depending on the price of oil in the 2020s, the CEO said, the oil major would probably want to continue investing in shale “because we will really want to grow this business quite quickly”.

Van Beurden said Shell has been working hard in the past few years to reduce shale production costs, and with “a little bit of help from the oil price going up, we now see that we can significantly accelerate investment into this opportunity”. read more

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‘Why we will never allow firm to resume oil production’

On:

The National Coordinator of Ken Saro-Wiwa Associates, Chief Gani Topba, has disclosed why Ogoni people will never allow Robo-Michael Ltd to resume oil production in Ogoniland’s four local governments of Khana, Gokana, Tai and Eleme.

He accused the oil company of lack of capacity, while its association with Shell Petroleum Development Company of Nigeria Limited (SPDC) and Nigerian Petroleum Development Company (NPDC), the oil production arm of Nigerian National Petroleum Company (NNPC), would be to its disadvantage. Topba said SPDC would not be allowed to return to Ogoni through the backdoor. read more

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Shell sells partial stake in Dutch wind farm to Germany’s Partners Group

JANUARY 8, 2018 / 8:03 AM

AMSTERDAM, Jan 8 (Reuters) – Swiss investor Partners Group Holding AG said on Monday it had taken a 45 percent stake in a 700 megawatt (MW) offshore wind project in the Netherlands, buying partial stakes from Shell, Mitsubishi and Eneco.

Terms of Partners Group’s participation in the “Blauwwind II” consortium were not disclosed.

Project leader Shell, which last month put together a 13-bank consortium to provide 1 billion euros in funding to build it, cut its stake to 20 percent from 40 percent. read more

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Dutch Court Upholds $5.2 Billion Asset Freeze On Kazakhstan Oil Field

Frozen Assets Securing a $520 Million Award Against Republic of Kazakhstan 

NEW YORK, Jan. 8, 2018 /PRNewswire/ — On January 5, 2018, Amsterdam District Court issued a judgment (the “Judgment”) in which it upheld an earlier ex parte attachment granted by the same court on September 8, 2017 to Anatolie Stati, Gabriel Stati, Ascom Group S.A. and Terra Raf Trans Traiding Ltd (together, the “Stati Parties”) with respect to the Republic of Kazakhstan’sshareholding in the Dutch entity KMG Kashagan B.V. (“Kashagan”) which shareholding is held via the Kazakh sovereign wealth fund Samruk-Kazyna (“Samruk”).  Through its stake in Kashagan, which has a nominal value of approximately US$5.2 billion, the Kazakh State participates in the international consortium relating to the Kashagan oilfield, one of the largest offshore oilfields in the Caspian Sea. Other members of the consortium include Eni, Royal Dutch Shell, Total, ExxonMobil, China National Petroleum Corporation and Inpex. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell looks to shale production for rapid growth

 in New York: Sunday 7 Jan 2018

The growth of Royal Dutch Shell’s oil and gas operations in the next decade will depend on shale production, its chief executive has said, in the latest sign of western energy groups pinning their hopes for expansion on those “unconventional” resources. Ben van Beurden told the Financial Times that he saw chemicals, electricity and biofuels as key sectors for Shell’s long-term future… FULL FT ARTICLE

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Ogonis Protest In Abuja Against Shell, NNPC

Friday 5 Jan 2018

The entrance to the corporate headquarters of the Nigerian National Petroleum Corporation (NNPC) in Abuja was on Thursday barricaded, as persons said to be representing the Ogoni people of rivers state staged what they called a non-violent protest against Shell and NNPC.

They accused both Shell and NNPC of using undercover tactics to resume oil production in the area.

It is the 2018 Ogoni day celebration and the people say they have chosen the day to protest against perceived marginalisation by shell and the NNPC. read more

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Shell ready to run with new ‘Fitbit for your car’ monitor

Royal Dutch Shell aims to install Fitbit-type monitors in a million cars this year as part of an expansion of its consumer-facing oil products business.

The Anglo-Dutch group has tested its Fitcar product in about 3,000 vehicles in the United States, offering a transport equivalent to wearable health devices.

The monitor sends data from the car to apps on owners’ phones to alert them to emerging problems with engines, for example. In America, the devices have prompted drivers to visit Shell’s network of more than 2,000 service stations for an oil change or maintenance. read more

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Quest for new oil discoveries still on back burner

Ron Bousso: January 4, 2018

LONDON (Reuters) – Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries.

Exxon Mobil, Royal Dutch Shell, Total and their peers are set to cut spending on oil and gas exploration for a fifth year in a row in 2018, according to consultancy Wood Mackenzie (WoodMac), despite a growing urgency to replenish reserves after years of reining back investment. read more

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Shell hit with HSE improvement notice at St Fergus

Written by

Energy giant Shell has been ordered to improve its safety procedures at the St Fergus plant near Peterhead.

The UK Health and Safety Executive (HSE) said the company had failed to made “adequate arrangements” to ensure that “emergency shutdown and emergency depressurisation valve actuators” were maintained in an “efficient state and effective working order”.

HSE initially gave Shell until December 21 to comply with the improvement notice, but the deadline has now been extended to February 28.

A spokeswoman for Shell said: “We can confirm that we have been issued with an improvement notice on 23rd November 2017 in relation to the maintenance of emergency shutdown valves at our St Fergus plant in North East Scotland. read more

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BP takes $1.5 billion charge over U.S tax changes, joining Shell

RON BOUSSO: JANUARY 2, 2018 / 7:34 AM LONDON (Reuters) – BP (BP.L) will take a one-off $1.5 billion charge in its 2017 fourth quarter earnings as a result of new U.S. corporate income tax rules, joining rival Royal Dutch Shell.

The British oil and gas company said on Tuesday the cut in U.S. corporate income tax from 35 percent to 21 percent was expected to positively impact its U.S. earnings in the long run.

But in the short term, lower tax rates would affect its deferred tax assets and liabilities, resulting in a one-off, non-cash charge of $1.5 billion to its fourth quarter results which are due to be announced on Feb. 8, it said.

“The ultimate impact of the change in the U.S. corporate income tax rate is subject to a number of complex provisions in the legislation which BP is reviewing,” BP said in a statement. read more

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Shell’s departure from Denmark’s refining business canceled

Shell says operations at a refinery in Denmark will continue under its logo after a 2016 agreement terminated without a sale. File photo by akiyoko/Shutterstock.

By Daniel J. Graeber  |  Jan. 2, 2018 at 7:20 AM

Jan. 2 (UPI) — A $30 billion divestment program will be completed this year even after an agreement to sell a Danish subsidiary dissolved, Royal Dutch Shell said Tuesday.

Shell said an agreement signed in late 2016 with refiner Dansk Olieselskab terminated without the sale completing and operations would continue as usual under the Dutch supermajor’s banner.

“Shell Group’s $30 billion divestment program remains on track to complete in 2018, with deals worth $23 billion completed, $2 billion announced and $5 billion in advanced progress,” the company said in a statement. read more

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Norway Faces Up to Big Oil’s Snub

Norway is realizing it will have to do without the deep pockets of the biggest oil companies as it seeks to extend an era that has made it one of the world’s richest countries.

The most recent blow came when only 11 companies applied for new blocks in the Arctic Barents Sea, touted as the country’s most promising area for exploration. Chevron Corp. and ConocoPhillips were absent after bidding the last time, while Exxon Mobil Corp. and Total SA remained out of the race. Of the five super-majors, only Royal Dutch Shell Plc applied. read more

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What 2018 May Mean For The Oil & Gas Industry

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United States Awash in Oil

December 31 at 5:09 PM U.S. crude oil production is flirting with record highs heading into the new year, thanks to the technological nimbleness of shale oil drillers .

The current abundance has erased memories of 1973 gas lines, which raised pump prices dramatically, traumatizing the United States and reordering its economy. In the decades since, presidents and politicians have made pronouncements calling for U.S. energy independence.

President Jimmy Carter in a televised speech compared the energy crisis of 1977 to “the moral equivalent of war.”

“It’s a total turnaround from where we were in the ’70s,” said Frank Verrastro, senior vice president at the Center for Strategic and International Studies. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.