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Shell targets lower methane emissions from oil and gas operations

Shell targets lower methane emissions from oil and gas operations

Ron Bousso: Sept 17, 2018 LONDON (Reuters) – Royal Dutch Shell announced on Monday plans to limit leaks of methane, a potent greenhouse gas, across its oil and gas operations as it tries to sharply curb carbon emissions.   Shell aims to maintain methane emissions below 0.2 percent of its total oil and gas production by 2025, it said in a statement, joining British rival BP, which last year set a similar goal. Larger rival Exxon Mobil announced in May plans to reduce methane emissions by 15 percent by 2020.

Methane is released into the atmosphere mostly from the burning of excess gas, known as flaring, as well as through leaks in gas infrastructure such as wells, pumps and pipelines.

The gas has a bigger greenhouse impact than carbon dioxide, even though the oil and gas industry produces less methane and the gas also has a shorter lifetime.

The methane target will be measured against a baseline leak rate, which is currently estimated at range from 0.01 percent to 0.8 percent across the company’s oil and gas assets, it said. read more

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Kazakhstan’s $1.1B Karachaganak project to sustain high output, Shell says

By , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) says the $1.1B investment in the giant Karachaganak field in Kazakhstan reached this month is aimed at sustaining high production levels and creating significant value from the field.
  • Shell says the Karachaganak Debottlenecking Project “aims to extend the duration of the plateau liquid production and will bring significant value creation to both the [Russian] Republic and the contractor.”
  • Shell and Eni (NYSE:E) each hold 29.25% stakes in Karachaganak, which produced 247K bbl/day of liquids last year; other stakeholders are Chevron (NYSE:CVX) with 18%, Lukoil (OTCPK:LUKOY, OTC:LUKOF) with 13.5%, and state-owned KazMunaiGaz 10%.
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    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.

    Firms are on course to pay a record £88.6bn in dividends

    Research for The Mail on Sunday shows that even though many firms are struggling to generate extra profits, they are rewarding investors with a payouts bonanza.

    Royal Dutch Shell tops the generosity league. It is set to pay dividends of more than £11 billion this year, followed by HSBC, £7.6 billion, and BP, £6 billion, in third place.

    The research is likely to cause controversy, coming just days after the Archbishop of Canterbury, Justin Welby, criticised businesses for focusing on short-term profits and called for a wealth tax to create a fairer society and higher wages for working people. 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 to Lay Out Targets to Manage Methane Emissions

    By Sarah Kent: Sept. 16, 2018 7:01 p.m. ET

    LONDON— Royal Dutch Shell RDS.A -0.37% PLC said it will announce plans to lay out targets to manage its emissions of the greenhouse gas methane Monday, joining a handful of major oil companies that have made similar pledges this year.

    Shell has been outspoken about the value of natural gas as a “bridging” fuel—a cleaner-burning fossil fuel that can help bolster renewables like solar and wind energy when, for instance, the sun isn’t shining or the wind isn’t blowing.

    The company’s long-term strategy is wedded to gas. In 2016, it spent roughly $50 billion to buy smaller rival BG Group, an acquisition that cemented Shell’s position as one of the world’s biggest liquefied natural gas players. 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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