Kaikias, an economically resilient, subsea development in the US Gulf of Mexico

HOUSTON, May 31, 2018 /PRNewswire/ — Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announces today the early start of production – around one-year ahead of schedule – at the first phase of Kaikias, an economically resilient, subsea development in the US Gulf of Mexico with estimated peak production of 40,000 barrels of oil equivalent per day (boe/d).

Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in early 2017, lowering the forward-looking, break-even price to less than $30 per barrel of oil. read more

(Bloomberg) — Malaysia’s Petroliam Nasional Bhd. agreed to take a 25 percent equity stake in a proposed liquefied natural gas project in Canada led by Royal Dutch Shell Plc.

The Canadian unit of Shell will hold a 40 percent stake, while subsidiaries of PetroChina Co. and Mitsubishi Corp. will have a 15 percent share each, according to a statement from Thursday from Petronas. A unit of Korea Gas Corp. will hold 5 percent. The announcement confirmed an earlier Bloomberg News report that a deal was imminent. read more

Shell will continue to be the biggest owner in LNG Canada, holding a 40 percent stake.

Reuters Staff: MAY 31, 2018

SINGAPORE (Reuters) – Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd [PETR.UL] said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.

The company, known as Petronas, will buy an equity stake in LNG Canada, an export project led by Royal Dutch Shell located in Kitimat, British Columbia, said Petronas in a statement. The purchase is expected to close in the next few months, the company said. read more

Reuters Staff: Tuesday 29 May 2018

LONDON (Reuters) – Friends of the Earth plans to file a lawsuit against Royal Dutch Shell (RDSa.L), accusing the oil company of failing to act on climate change, the environmental activist group said on Tuesday.

Shell has set out “ambitions” to halve carbon emissions by 2050 and expand in renewables, but the Anglo-Dutch company has come under pressure from investors and activists to reduce its carbon footprint and comply with the 2015 international Paris climate agreement. read more

May 25, 2018 12:58 PM ET|By: Carl Surran, SA News Editor

A confidential study that Royal Dutch Shell (RDS.A, RDS.B) has been accused of trying to shield from public view showed worsening “catastrophic” pollution around oil spill sites in Nigeria, WSJ reports.

At least one of the study’s authors has urged the findings to be widely distributed because they pointed to significant health risks to the local Bodo community in Nigeria but said that Shell had denied him permission to publish the study’s results in a scientific journal, according to the WSJ report. read more

A federal judge yesterday said he needed more information before deciding whether to dismiss lawsuits by the cities of San Francisco and Oakland alleging that Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Royal Dutch Shell (RDS.A, RDS.B), BP and ConocoPhillips (NYSE:COP) should pay to protect residents from the impacts of climate change.

The judge also wants the companies to produce additional material backing up claims that they should not be a part of the case because the court lacked jurisdiction over them. read more

Tanzanian MP Wants Shell-BG U.S.$500 Million Transaction Investigated

By Alawi Masare; 25 May 2018

Dodoma — Momba MP Mr David Silinde (Chadema) has asked the Parliament to form a special committee to investigate the transaction between Shell and BG over Tanzania’s gas blocks alleging that Shell did not pay capital gain tax.

Debating the budget of the Ministry of Energy on Friday, Mr Silinde said the company should pay the tax estimated at $500 million.

“There is a possibility that the transaction involved corruption. Hence, denies the country the revenue which could address different challenges in the energy sector,” said Mr Silinde. read more

Reuters Staff: MAY 24, 2018

By Luciano Costa

SAO PAULO, May 24 (Reuters) – An auction of oil by the Brazilian government from coveted offshore pre-salt fields has only attracted the interest of one bidder, Royal Dutch Shell Plc , a person familiar with the matter said on Thursday.

The auction, scheduled for May 30, is the first time the government will sell its share of oil in the pre-salt, where billions of barrels of crude are trapped beneath a thick layer of salt under the ocean floor. read more

The five defendants are the world’s largest investor-owned oil companies: Chevron Corp., Exxon Mobil Corp., ConocoPhillips, BP PLC, and Royal Dutch Shell PLC.

Five oil companies are due to ask a federal judge on Thursday to dismiss a pair of climate change lawsuits filed by the cities of Oakland and San Francisco.

U.S. District Judge William Alsup will hear arguments on the companies’ motions for dismissal in his San Francisco courtroom at 8 a.m. Thursday.

The lawsuits filed last year claim the corporations created a
public nuisance by producing “massive quantities” of oil and natural gas and promoting their use while knowing they lead to global warming and rising sea levels. read more

REUTERS STAFF: MAY 24, 2018

By Estelle Shirbon

LONDON, May 24 (Reuters) – A British judge ruled on Thursday that Nigeria’s Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year.

Lawyers for Bodo had accused Shell of trying to kill off the legal case by seeking a court order that would have meant the community had to meet onerous conditions before it could revive its litigation, which is currently on hold. read more

Map showing the location of Shell’s Dover discovery and its proximity to Shell’s new Appomattox host in the U.S. Gulf of Mexico 

HOUSTON, May 24, 2018 /PRNewswire/ — Shell Offshore, Inc. (“Shell”) today announced a large, deep-water, exploration discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell). The Dover discovery is Shell’s sixth in the Norphlet and encountered more than 800 net feet of pay (244 meters). The discovery is located approximately 13 miles from the Appomattox host and is considered an attractive potential tieback. Shell’s Appomattox host has now arrived on location in the U.S. Gulf of Mexico and is expected to start production before the end of 2019. read more

By Hugo Miller , Kelly Gilblom , and Sergio Di Pasquale: 24 May 2018, 08:40 BST Updated on 24 May 2018, 10:23 BST

A briefcase seized from a Geneva apartment two years ago could be the key to an Italian bribery case against Royal Dutch Shell Plc and Eni SpA — if it makes it to Milan in time.

The bag held SIM cards, Nigerian passports, a laptop and a hard drive containing more than 40,000 documents, and belonged to Emeka Obi, according to a spokesman for the Geneva Prosecutor’s Office. Swiss prosecutors found it during a raid for an unrelated investigation and are trying to get it to their Italian colleagues, who are prosecuting Obi as an alleged middle man in a $1.1 billion kickback scheme involving the energy companies vying for a Nigerian oil license.

Obi’s lawyers persuaded a Geneva judge to put the contents of his briefcase under seal, citing his rights to privacy. Now a decision by Geneva’s Measures of Constraint Court on whether to lift that seal is expected as soon as this month.

While officials in Milan have moved forward with charges against the oil companies without the briefcase, the evidence could strengthen the graft case. The trial, which centers around events in 2011, begins on June 20. Milanese Prosecutor Fabio De Pasquale said he has “sent more reminders” to the Swiss saying he wants the briefcase, underscoring its importance. read more

By Jeremy Hodges, Lauren Leatherby and Kartikay Mehrotra
May 24, 2018

In the global fight against climate change, one tool is proving increasingly popular: litigation.

From California to the Philippines, activists, governments and concerned citizens are suing the biggest polluters and national governments over the effects of climate change at a break-neck pace.

“The courts are our last, best hope at this moment of irreversible harm to our planet and life on it,” said Julia Olson, an attorney for Our Children’s Trust, a legal challenge center in the U.S. that is involved in climate change litigation across 13 countries, including the U.S., Pakistan and Uganda. read more

Vera Eckert

Shell Ventures, a unit of the Anglo-Dutch oil major that has been boosting its investments in solar and other renewables, was a lead investor in the latest funding round, sonnen Chief executive Christoph Ostermann told Reuters.

“With this money, we can get started on important investment plans, especially in the United States and Australia,” he said, adding that existing shareholders also contributed extra cash.

“We also want to invest in broadening our sonnen community and our virtual power plant (VPP), and expand our offering of grid-related services,” the sonnen CEO said, adding that the firm aimed to turn a profit in Germany in two years. read more

Nigeria: Shell’s Oil Spill Dispute With Nigerian Villagers Back in UK Court

Lawyers for the Bodo community in Ogoniland of Rivers State, which was devastated by two major oil spills in 2008, went to court in London yesterday to fend off what they said was an attempt by Shell to kill off their litigation.

This is coming as crude oil price rose briefly to $80 per barrel yesterday after the United States toughened its stance on Iran and Venezuela, key oil producers and members of the Organisation of Petroleum Exporting Countries (OPEC).

The Bodo oil spills have been the subject of years of legal wrangling. read more

Robin Pagnamenta, Deputy Business Editor: May 23, 2018

The chief executives of some of the biggest British-listed companies are set to travel to Russia this week for a business forum hosted by President Putin, despite simmering tensions over visas and US sanctions against the country.

The oil bosses Bob Dudley, of BP, and Ben van Beurden, of Royal Dutch Shell, are scheduled to speak at the St Petersburg Economic Forum on Friday. Ivan Glasenberg, chief executive of Glencore, the mining and commodities group, and Xavier Rolet, former chief executive of the London Stock Exchange, are also due to take part. read more

Shell confirms award of 39 North Sea exploration blocks

Written by David McPhee – 23/05/2018 6:32 pm

Oil giant Shell today confirmed it had acquired 39 North Sea exploration blocks as a part of the 30th Offshore Licencing Round.

In a statement, Shell said that the 39 blocks break down as 11 operated and 28 non-operated blocks within the North Sea.

Data from the Oil and Gas Authority (OGA) shows that Shell has acquired two operational blocks within the west of Shetland, five within the Central North Sea (North) and further four within the Central North Sea (South).

A Shell spokesperson said “Shell UK can confirm that on 23 May 2018, we were awarded 39 exploration blocks, 11 operated and 28 non-operated, by the UK Oil and Gas Authority (OGA) in the 30^th UK Licensing Round. The acreage was applied for on 21 November.” read more

Estelle Shirbon: MAY 22, 2018

LONDON (Reuters) – Lawyers for the Bodo community in Nigeria’s oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation.

The Bodo oil spills have been the subject of years of legal wrangling. In 2015, Shell accepted liability for the spills, agreeing to pay 55 million pounds ($83 million at the time) to Bodo villagers and to clean up their lands and waterways. read more

Photographer: Andrey Rudakov/Bloomberg

Kelly Gilblom: 22 May 2018, 14:48 BST

Royal Dutch Shell Plc has seen off the two most debated issues at its shareholder meeting — the boss’s pay and responsibility in tackling climate change. But not without a degree of drama.

The company won the backing of about 94 percent of shareholders to not set specific emission-reduction targets, with Chief Executive Officer Ben van Beurden saying it is taking “leadership” on the issue. However, while almost 75 percent of investors also approved the remuneration report, it faced stiffer resistance after an influential advisory firm asked them to reject the package. read more

May 22, 2018

A group of 26 large institutional investors have petitioned Shell to formulate concrete goals in its effort to address the terms of the Paris climate accord.

The 26 investors, which have a total of $7.8trn under management, presented a statement to the Anglo-Dutch energy giant during Shell’s AGM in The Hague. The group of  26 includes HSBC Global Asset Management, AXA Investment Manager, Aegon, Calpers en MN.

In its statement, the investors applauded Shell’s ambition to reduce its carbon footprint by 50% and called on other oil and gas companies to follow suit. read more

A quarter of Shell shareholders turned on Ben Van Beurden after he pocketed €8.9m (£7.8m)

Jillian Ambrose: 22 MAY 2018 • 2:02PM

The boss of Royal Dutch Shell has suffered a bruising shareholder revolt after more than a quarter of its investors voted against his multi-million euro payout for last year.

Ben Van Beurden pocketed €8.9m (£7.8m) for 2017 after trebling the company’s profits to $12.1bn (£9bn) as the oil giant staged an impressive recovery from a crash in prices.

But shareholders took against the FTSE 100 boss after an accident in Pakistan last year claimed the lives of more than 200 people in an explosion of a fuel tanker operated by one of the energy giant’s subsidiaries. read more

John Geddie

Five former employees of Shell’s (RDSa.L) Singapore subsidiary received 51 additional charges in court on Friday for suspected theft at the Pulau Bukom refinery, Shell’s biggest, to bring the total allegations against them to 63 each, the documents showed.

The charges relate to incidents involving a total of 66,141 metric tonnes of gasoil valued at around $32.1 million between late April 2017 through to early January this year.

An additional three former Shell employees received eight additional charges for incidents involving 16,394 metric tonnes of gasoil valued at around $8.4 million, raising their total allegations to 15. read more

FILE PHOTO: Ben van Beurden, CEO of Royal Dutch Shell company, speaks during a meeting with Russian President Vladimir Putin in Moscow, Russia June 21, 2017. REUTERS/Sergei Karpukhin

Reuters Staff: May 22, 2018

THE HAGUE (Reuters) – Royal Dutch Shell (RDSa.L) shareholders on Tuesday approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden’s 8.9 million euro ($10.51 million) package, by a majority of 75 percent.

The 2016 remuneration resolution won the support of more than 92 percent of shareholders. read more

Ron Bousso: MAY 22, 2018

THE HAGUE (Reuters) – Top investors in Royal Dutch Shell on Tuesday stepped up pressure on the oil and gas giant to commit to hard targets to reduce greenhouse gas emissions to battle climate change.

Shell has set out “ambitions” to halve carbon emissions by 2050 and expand in renewables energy, which Chief Executive Officer Ben van Beurden said were ground breaking for the oil industry.

To view a graphic on Shell emissions, click: reut.rs/2Iya7Hf

“Nobody else comes close, it is seriously ambitious,” van Beurden said of Shell’s plan at the company’s annual general meeting in The Hague. read more

Justice Ibrahim Buba of the Federal High Court in Lagos has fixed tomorrow to rule on the garnishee proceedings filed by some Ogoni chiefs from Ejama community in Rivers State against the Central Bank of Nigeria (CBN) and First Bank of Nigeria Limited for their failure to pay a N122 billion judgment debt against Shell Petroleum Development Company Limited (SDPC).

The judge also fixed the same day to rule on whether to jail the Chairman of First Bank, Mrs. Ibukun Awosika, for failing to pay the amount as ordered by a Federal High Court in Owerri, Imo State. read more

Jillian Ambrose, energy editor: 20 MAY 2018 • 7:30PM

Britain’s largest shareholder advisory groups have called on investors in Royal Dutch Shell to reject growing demands for the oil giant to take full responsibility for its impact on the environment.

Shell faces a binding shareholder vote tomorrow to decide whether to adopt rigorous accountability standards to bring its operations into line with the Paris climate agreement. Glass Lewis and ISS have urged shareholders to reject the “unduly burdensome” and “problematic” proposal. read more

Shell and BP may have to face down shareholder opposition to their chief executives’ pay packets at their annual general meetings next week.

Written by David McPhee – 18/05/2018 7:45 am

And for the third year in a row, Shell investors will vote on a resolution asking the company to set clear goals for meeting climate change targets.

Recommendations by the Institutional Shareholders Services (ISS) once again focus heavily on the pay of top executives at the energy giant, with ISS raising concerns over the 80% rate of bonus delivered to the CEO of Shell despite only reaching 70% on sustainable development targets.

Similarly, investors advisory firm Pensions and Investment Research Consultants (PIRC) continued to caution shareholders against sanctioning BP chief executive Bob Dudley’s remuneration package, which it called “excessive” in 2017 as it soared by more than £1 million to £9.5m. read more

Shell closed a deal to buy First Utility, a British energy company that owns neither power plants nor gas pipelines, in March. CreditTom Jamieson for The New York Times

By Stanley Reed

May 15, 2018

COVENTRY, England — There seems to be little about the scrappy energy company in central England that would appeal to Royal Dutch Shell, the button-down oil giant.

The little company, First Utility, is an upstart challenger. It offers friendly customer service, and low prices on electricity and natural gas. But it doesn’t own any power plants or gas pipelines; First Utility is a virtual energy company — the product of technological advancement and deregulation. read more

David Keohane in Paris and Andrew Ward and David Sheppard in London: 16 May 2018

Royal Dutch Shell, the largest European oil and gas group, also struck a provisional agreement with Iran in 2016 to carry out studies in three of the country’s biggest oil and gasfields. However, that agreement represented a much less firm commitment than Total’s and Shell has not opened an office in Iran or moved staff there. The Anglo-Dutch group said on Wednesday that it was still assessing the implications of Mr Trump’s withdrawal. FULL FT REPORT read more

CARL MORTISHED: 16 MAY 2018

It’s a sure sign of confidence: people are getting angry about the boss’s pay. When tumble weed blows down Main Street, no one complains about the trough in the boardroom. Envy doesn’t sit well with fear but the sun is shining on Royal Dutch Shell’s corporate livery, the share price is buoyant and cash overflowing. A shareholder advisory organisation is complaining about the €9 million (£7.9 million) pay of Ben van Beurden, Shell’s chief executive. read more

Julie Gordon: MAY 15, 2018

VANCOUVER (Reuters) – The chief executive of the LNG Canada project on British Columbia’s northern coast said on Tuesday that the company was committed to starting construction on the C$40 billion ($31.1 billion) liquefied natural gas export project this year.

An investment decision on the terminal was delayed in 2016, due to sagging oil prices that hit cash flows, along with an unfavorable supply-demand outlook, but remains on track for 2018, Andy Calitz said at an LNG conference on Tuesday. read more

Alys Key: Retail and leisure reporter: Tuesday 15 May 2018

More shareholder rebellions are brewing as a summer of AGM revolts gets underway, with oil and gas companies the latest to face the music.

Shareholders in BP are being urged to vote against the “unacceptable” pay of chief executive Bob Dudley, whose remuneration is 48 times higher than the company’s average employee.

Advisory service Pensions & Investment Research Consultants (Pirc) advised shareholders to oppose the company’s remuneration report at the annual general meeting on 21 May. read more

15 May 2018

Shell’s payment of $4.32 billion to the Nigerian government in 2017, despite the closure of the 400,000 barrels per day capacity Forcados Oil Terminal, has clearly demonstrated the potentially huge earnings in Nigeria’s oil sector if security challenges are fully addressed, Ejiofor Alike reports

Insecurity of crude oil and gas pipelines in the Niger Delta has remained a major risk peculiar to Nigeria’s operating environment, which has continued to drive the costs of oil and gas projects in the country above the global benchmark. read more

Reuters Staff: MAY 14, 2018

MILAN (Reuters) – The trial of top executives from oil majors Eni (ENI.MI) and Shell (RDSa.L) over alleged corruption in Nigeria kicked off on Monday with a brief procedural hearing and a decision to re-adjourn next month.

At the next hearing, set for June 20, the Milan court said it would assess requests from third parties, including a series of international non-profit organizations, to join the case.

At Monday’s hearing Domenico Cartoni Schittar, a lawyer representing the Nigerian government, said he was stepping down from his role.  read more

Royal Dutch Shell Plc will face difficult questions at its annual general meeting next week after an investor-advisory group urged shareholders to challenge executive pay and the company’s response to a fatal accident in Pakistan. 

Institutional Shareholder Services Inc., an influential adviser on corporate governance, has recommended investors reject Shell’s pay report at its AGM on May 22, saying it was initially “silent” on the Pakistan incident. ISS also said it could only offer “qualified support” to the re-election of the independent director looking after corporate social responsibility.  read more

Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.

Written by Mark Lammey – 14/05/2018 7:05 am

Total and Shell, as operator, will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%.

They aim to produce of around 500million cubic feet of gas per day, rising to 1billion at a later stage.

Total will use its share to develop a regional hub for supplying LNG as a fuel to marine vessels.

Arnaud Breuillac, president, exploration and production at Total, said: “We are pleased to sign this MoU with the Sultanate of Oman that will give us access to new gas resources and the opportunity to develop an integrated gas project. read more

By City & Finance Reporter for the Daily Mail: PUBLISHED: 21:51, 13 May 2018 | UPDATED: 21:51, 13 May 2018

The boss of oil giant Shell is facing the threat of a revolt over his £7.8million pay packet.

Institutional Shareholders Services, a leading investor advisory group, is recommending that Ben van Beurden’s pay is voted down at the annual general meeting later this month.

ISS said it also wants more information about how the 60-year-old’s bonus was affected by an incident in Pakistan in 2016, when a fuel tanker operated by a Shell Pakistan contractor exploded, killing more than 200 people. read more

A corruption trial against oil giants Shell and Eni and Nigeria’s ex-oil minister Dan Etete is getting started in Milan. The case deals with alleged bribes valuing millions, and the Italian trial is not the only one.

Starting Monday, the Italian city of Milan will be the scene of a month-long trial that deals with corruption allegations in the oil industry.

The Milan public prosecutor’s office accuses the Italian oil firm Eni and the British-Dutch oil company Shell of having paid millions of dollars in bribes in order to acquire a lucrative oil exploration and drilling license in Nigeria.

Now 15 defendants are facing trial. Most of them employees of the two companies but Nigeria’s ex-Minister of Petroleum, Dan Etete, will also be tried. read more

• Ben Chapman
• @b_c_chapman
• Sunday 13 May 2018 18:19 BST

Royal Dutch Shell, Italian oil giant Eni and a number of senior executives at the two firms face trial in Milan on Monday over corruption charges relating to a $1.1bn (£800m) deal for a Nigerian oil block.

The Milan public prosecutor alleges that $520m from a 2011 deal to buy rights to a vast oil block off Nigeria’s coast was converted into cash and intended to be paid to the then Nigerian resident Goodluck Jonathan, members of the government and other Nigerian government officials.  read more

Trial set for two of the world’s largest oil companies

13 May 2018: Two of the world’s largest oil companies, Royal Dutch Shell and Eni of Italy, are expected to go on trial on Monday in Milan. Prosecutors are bringing corruption charges over a $1.3 billion oil deal in Nigeria. The defendants include current and former oil executives, among them Claudio Descalzi, Eni’s chief executive, who has the backing of his board despite his legal troubles. The case revolves around a payment the companies made in 2011 to the Nigerian government to settle a dispute over an offshore oil tract in the Atlantic Ocean known as OPL 245. The companies have consistently denied wrongdoing, but the case may shine a light on the sometimes murky dealings of the international oil industry. The proceedings, which are expected to last for months, may be delayed after initial procedures. Stanley Reed read more

Attracta Mooney and Andrew Ward in London: 13 MAY 2018

Royal Dutch Shell is facing the threat of a shareholder rebellion against its chief executive’s €9m annual pay packet, piling further pressure on the energy group which was already braced for a clash with investors this month over climate change.  Institutional Shareholder Services, the advisory firm whose recommendations influence votes at annual meetings, has urged investors to reject Shell’s 2017 remuneration report, citing concerns about high payouts and safety issues.  Ben van Beurden, chief executive, received €8.9m last year… FULL FT ARTICLE read more

Shell and Italian oil giant, Eni, are also defendants in the charge of ‘Aggravated international corruption,’ leveled against the oil executives in the trial which began in Milan, Italy on Monday.

BY SAHARA REPORTERS, NEW YORK: MAY 11, 2018

Two retired secret agents of British Mi6 identified as Collegate Guy Jonathan and John Coplestone De Carteret, are among the executives of Royal Dutch Shell under prosecution in the ongoing trial of bribery allegation in the purchase of lucrative Nigerian Malabu oil block.

Shell and Italian oil giant, Eni, are also defendants in the charge of ‘Aggravated international corruption,’ leveled against the oil executives in the trial which began in Milan, Italy on Monday. read more

By Bayo Akinloye: 12 MAY 2018

The Royal Dutch Shell and Eni, along with a number of their senior executives, will on Monday face criminal charges in Milan, Italy, for alleged aggravated international corruption for their role in a $1.1bn deal for a Malabu Oil’s OPL 245.

This was made known in a statement yesterday by the international corruption watchdog, the Global Witness.

It noted that no company as large as Royal Dutch Shell or senior executives of a major oil company had ever stood trial for bribery offences.  read more

Appomattox set sail from Ingleside, Texas, USA, to its final location in the Gulf of Mexico read more

May 11, 2018 3:36 PM ET|By: Carl Surran, SA News Editor

Royal Dutch Shell’s (RDS.A, RDS.B) is “cautiously optimistic” about its proposed LNG Canada project in Kitimat, B.C., ahead of a potential final investment decision this year, says Shell Canada president Michael Crothers.

“We’re getting cost estimates finalized [and working] on the economics,” Crothers says, noting the Shell-led partnership recently chose Fluor and Japan’s JGC for the project’s engineering, procurement and construction.

“We don’t have a definitive time line for FID,” Crothers adds, “but we’re working through and managing these issues and making the project all the more affordable and competitive as we go.” read more

FILE PHOTO: The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo

For decades, communities in the Niger Delta oil heartland have complained that spills and pollution have destroyed their land and killed off wildlife. Rights group Amnesty International accused international oil majors Royal Dutch Shell PLC and Eni SpA in March of negligence when addressing spills in Nigeria.

Paul Carsten, Alexis Akwagyiram: MAY 10, 2018

The draft laws, posted on the Nigerian legislature’s website on April 30, are the versions intended for the Senate, the upper house of parliament.

The PIB aims to improve transparency, attract investors, stimulate growth and increase government revenues.

After being debated for well over a decade, the unwieldly and contentious legislation was broken into sections to help it pass into law. read more

Reuters Staff: May 10, 2018

(Reuters) – Royal Dutch Shell (RDSa.L) will sell its stake in Amberjack Pipeline Co to its master limited partnership Shell Midstream Partners LP (SHLX.N) for $1.22 billion, the U.S. pipeline operator said on Thursday.

Drop down deals – where a parent transfers assets to its master limited partnership (MLP) – are practiced widely by energy companies to boost the value of their midstream assets without losing ownership of critical infrastructure. read more

By Mark Chediak: 9 May 2018, 05:00 BST

Royal Dutch Shell Plc’s corporate venture arm and GXP Investments led a $7.6 million investment in energy storage startup Axiom Energy to expand its service to grocery stores and cold-storage facilities. 
 
The round also included WorldQuant Ventures LLC, SV Tech Ventures and Meson Capital Partners LLC, according to a statement from the Richmond, California-based startup. 
 
Axiom’s refrigeration battery freezes tanks of salt water at night when electricity costs are low and then provides cooling services during the day when power prices are high. The company says it can reduce peak energy demand by as much as 40 percent. read more

Shell seeking to sell $30 billion in assets to cut debt

By Ben Sharples: 8 May 2018, 03:19 BST

A unit of Royal Dutch Shell Plc has agreed to sell its entire stake in oil sands producer Canadian Natural Resources Ltd. for about $3 billion, which will be used to reduce debt.

Shell Gas BV will sell its 97.6 million shares in Canadian Natural for total pretax proceeds of $3.3 billion, and the transaction is expected to be completed by Wednesday, according to a statement from Hague-based Shell. The shares are being offered at $34.10 each, according to a person familiar with the matter, a 2.9 percent discount to its close Monday in New York. read more

Reuters staff: Monday 8 May 2018

May 7 (Reuters) – Royal Dutch Shell Plc’s Shell Gas B.V. unit said on Monday it was selling its entire stake in Canadian Natural Resources Ltd for $3.3 billion.

Shell signed an underwriting agreement for the sale of its entire stake of 97.6 million shares in Canadian Natural, the company said in a statement.

Last June, Shell had reported a stake of 8 percent in Canadian Natural.

Shell decided to offload the roughly C$4.1 billion ($3.18 billion) stake in Canadian Natural Resources that it acquired as part of a deal to retreat from Canada’s oil sands, people familiar with the situation had told Reuters nearly a year ago. read more