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Posts from ‘September, 2019’

Shell to book writeoff as high as $350 million

Shell to book writeoff as high as $350 million

By : Published: Sept 30, 2019 3:23 a.m. ET

Royal Dutch Shell PLC (RDSA.LN) said Monday that it expects to report extra upstream well write-offs of $250 million to $350 million in the third quarter, compared with the same period last year.

In a statement ahead of its third-quarter earnings the oil major said it expects upstream production to be between 2.6 million to 2.7 million barrels of oil equivalent a day and downstream oil product sales volumes of 6.7 million to 7.4 million barrels a day.

Shell said that integrated gas production for the quarter is expected to be between 930,000 and 960,000 barrels of oil equivalent a day. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell searches for a purpose beyond oil

, Senior Energy Correspondent: 27 Sept 2019

The preceding three years offered plenty to talk about. Oil prices had collapsed; Shell had embarked on a complex $53bn takeover of natural gas giant BG Group and the company’s offices had been raided over a controversial Nigerian deal. Shell’s top brass were wrestling with a dilemma that has since beset every major oil and gas company. How should a company that generates most of its profits by meeting the world’s still-robust demand for oil and gas navigate the future as the political tide turns increasingly against fossil fuels. read more

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Blow to London property market as £850m deal collapses

JUDITH EVANS: 27 Sept 2019

A deal to sell Southbank Place near Waterloo station, which also includes the London headquarters of Royal Dutch Shell, to the Singaporean group Bright Ruby was called off on Friday, according to two people briefed on the situation.

FULL FT ARTICLE

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Kazakhstan Seeking Additional $1B From Shell, Eni

Bloomberg: Kazakhstan Seeking Additional $1B From Shell, Eni

by  Bloomberg: Nariman Gizitdinov: Thursday, September 26, 2019

Bloomberg) — Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter.

The claim from the Central Asian nation’s government comes on top of last year’s similar-sized settlement from the Karachaganak partners. Kazakhstan has a history of disputes with international investors over revenue, taxes and cost-sharing at its energy projects. read more

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OML 25: SPDC, Belema oil resolve dispute, resume operations in 10 days

The Punch:

OML 25: SPDC, Belema oil resolve dispute, resume operations in 10 days

Sept 17, 2019

The Nigerian National Petroleum Corporation with its joint venture partners, Shell Production Development Company and Belema OIL, have resolved the dispute on the operation of Oil Mining Lease (OML) 25.

The feuding group at the signing of the dispute closure agreement in Abuja, on Tuesday agreed that operations at the oil well would take off in the next 10 days.

The Minister of State for Petroleum Resources, Chief Timipre Silva, while signing the agreement, thanked all the parties stressing that the step signified the beginning of a new chapter in the industry. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell loads first LSFO cargo from Singapore refinery ahead of IMO

By Jessica Jaganathan: SEPT 19, 2019

SINGAPORE, Sept 19 (Reuters) – Royal Dutch Shell has loaded the first cargo of low-sulphur fuel oil (LSFO) from its Pulau Bukom refining site in Singapore, it said on Thursday.

Demand for stable low-sulphur marine fuel supplies is rising as the shipping sector prepares for the International Maritime Organization’s (IMO) lowering of the cap on sulphur in marine fuels to 0.5% from 3.5% beginning in January 2020.

This is the first time Shell has made LSFO from its own upstream crude, the company said in a statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Saudi Aramco completes £500m deal for Shell stake in refining joint venture

Oil giant Shell has announced that Saudi Aramco has bought up its 50% interest in the Shell Saudi Arabia (Refining) Limited’s (SASREF) joint venture in Jubail Industrial City.

The deal has been agreed for more than £500 million.

Shell said the completion of the deal is contingent on “receipt of all necessary regulatory consents”.

The acquisition is understood to support Saudi Aramco’s longer term plan to increase the “complexity and capacity” of its refineries, as part of its downstream growth strategy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Qatar Petroleum and Shell in LNG marine fuel venture

Qatar Petroleum and Shell in LNG marine fuel venture

Reuters: 18 Sept 2019

DUBAI, Sept 18 (Reuters) – Qatar Petroleum and Shell agreed on Wednesday to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world.

“The joint venture between the two companies will invest in LNG marine fuelling, bunkering vessels and other infrastructure in key locations to meet the needs of marine customers and help to reduce emissions of the global shipping industry,” a Shell statement said. read more

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Investors turn heat on Big Oil ahead of U.N. climate summit

Simon Jessop, Matthew Green: SEPTEMBER 18, 2019 / 12:05 AM

LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change.

Energy companies are on the front line of the global transition to a low-carbon economy, with investors potentially on the hook for hefty losses if the companies do not overhaul their business models in time.

In its most detailed analysis of the energy sector, the Transition Pathway Initiative (TPI) said 31 out of 109 energy firms were aligned with commitments governments have so far made under the 2015 Paris Agreement to curb greenhouse gas emissions. read more

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Nigeria: Shell Decries Crude Theft, Vandalism in Niger Delta

Nigeria: Shell Decries Crude Theft, Vandalism in Niger Delta

With a daily loss of about 10,000 barrels of oil from its pipelines to crude oil theft, Shell Petroleum Development Company of Nigeria Limited (SPDC) has cried out for help from government, communities and other stakeholders to stem the incessant attack on oil assets in the Niger Delta.

“These are critical national assets with 55 percent government interest and they produce the crude oil that accounts for over 90 per cent of Nigeria’s foreign exchange and the bulk of government revenue. Hurting these assets means hurting the nation’s revenue, the economy of the states, the health of the people and the environment,” SPDC’s General Manager External Relations, Igo Weli, said yesterday at a media workshop on Pipelines Right of Way Encroachment and Vandalism held in Port Harcourt, Rivers State capital. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

It Is Time To Place Energy At The Heart Of The U.S.-Europe Security Relationship

While it is unclear whether sanctions would stop the project, they would certainly alienate major European energy companies, including Royal Dutch Shell…

By Ike Brannon and Eric Miller

A central plank of President Trump’s foreign policy toward Europe has been a demand for greater “burden-sharing” in the costs of defending the continent. Since the founding of the North Atlantic Treaty Organization (NATO) in 1949, the United States has paid the lion’s share of the bill for the Alliance. In 2006, NATO Defense Ministers formally agreed that each of its 29 members would spend a minimum of 2% of their GDP on defense. Yet, according to a March 2019 NATO report, only 7 of the 29 members have reached the 2% goal. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Oil and gas majors sign deal to implement blockchain in Bakken oilfield

Liz Hampton: SEPTEMBER 10, 2019

Sept 10 (Reuters) – A group of oil and gas companies has agreed to begin testing blockchain, a technology at the heart of digital currencies, in a bid to lower administrative costs in their field operations while also reducing payment disputes and chances for fraud.

The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp, ConocoPhillips, Exxon Mobil Corp, Equinor and Royal Dutch Shell , among others, has awarded a contract to Data Gumbo to pilot the technology for water handling services in the Bakken shale field in North Dakota. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell ‘absolutely’ looking at big Scottish North Sea offshore wind projects

Shell ‘absolutely’ looking at big Scottish North Sea offshore wind projects

Ms Coleman was representing Shell at Offshore Europe in Aberdeen yesterday to outline her firm’s plans to move to lower carbon and renewable energy in the UK.

She spoke about Shell’s work in developing carbon capture and storage in Peterhead, alongside its plans for hydrogen and electric vehicles.

But she added that her firms “focus” is offshore wind deployment in the UK.

Asked about the Scottish North Sea, Ms Coleman said: “We’ll need to look at what acreage the Crown Estate Scotland puts out to bid and decide which blocks we want to bid on. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Courting millennials, Shell, Phillips 66 turn to social media influencers

When car enthusiast John Hennessey started a YouTube channel more than a decade ago, he just wanted his Sealy auto modification shop to keep up with the times.

Fast forward 12 years and Hennessey’s social media presence has exploded to 340,000 YouTube subscribers and 1 million Instagram followers watching his mechanics modify high-end cars and trucks to go ridiculously fast. Hennessey, who describes himself as the“Chief Horsepower Evangelist” at his company, rubs elbows with famous Indy 500 and NASCAR drivers at automotive industry events. read more

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Sinochem unit discussing blockchain platform with Shell, Macquarie -sources

Chen Aizhu: Sept 5, 2019

SINGAPORE, Sept 5 (Reuters) – Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said.

Shell and Macquarie entered a memorandum of understanding in July to explore building a blockchain platform for crude oil, one of the Sinochem unit’s incubator projects with growth potential, said one of the sources who has direct knowledge of the matter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Remembering HON, DR BARINEM NUBARI KIOBEL’S BIRTHDAY: 23rd September

Remembering HON, DR BARINEM NUBARI KIOBEL’S BIRTHDAY: 23rd September

Happy Birthday HON, Dr. Barinem Nubari Kiobel. Though you are not physically with us, your spirit lives on and your memory remains fresh in our hearts. Your legacy will live forever. You shall always be remembered. We love you but Jesus Loves You more. May your precious soul continue to rest in peace. Remain in the bosom of the LORD Almighty God until we meet to part no more. Happy posthumous birthday. We Love you.

See more information below about the career of Dr. Kiobel and a loving memorial salute by his widow. 

Esther Kiobel (above) the widow of DR Kiobel is currently suing Royal Dutch Shell in the Dutch courts for alleged complicity in his murder.  A panel of three Dutch judges has given approval for the case to proceed. Esther is the lead plaintiff in the action brought collectively by three Ogoni 9 widows whose husbands were all hanged by the Nigerian military regime allegedly in collaboration with Shell. 

Remembering (Hon) Dr. Barinem Nubari Kiobel

PH.D MCOM, MBA, BBA, DIPM DIPMGT-ABE MCIM MINSTT

Dr. Barinem Nubari Kiobel was born in Kpor Town, Gokana local Gov’t area of River State, Ogoni in Niger Delta into the family of Madam Vurage Kile Diiyor (mother) and chief Francis Kiobel Barika (father) on September 23rd, 1959. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell delays U.S. Lake Charles LNG export project to 2025

Sept 4, 2019

LONDON, Sept 4 (Reuters) – Royal Dutch Shell, one of the world’s largest liquefied natural gas (LNG) suppliers, has asked U.S. regulators to extend the time by which it should complete an LNG export project in Louisiana by five years to 2025, regulatory filings showed.

The project, a 50-50 venture with U.S. midstream company Energy Transfer, envisaged converting an existing import and regasification facility in Lake Charles into a multi-train, 16.45 million tonnes per year (mtpa) facility. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell, Energy Transfer seek extension on Louisiana LNG project

Shell, Energy Transfer seek extension on Louisiana LNG project

|About: Royal Dutch Shell plc (RDS.A)| By , SA News Editor

*Royal Dutch Shell (RDS.A, RDS.B) asks U.S. regulators to extend the time required to complete the Lake Charles liquefied natural gas export project in Louisiana by five years to 2025.

*Shell says the delay is due to its takeover of the project after its 2016 acquisition of BG Group caused it to re-evaluate and strike new agreements, according to a letter dated last Friday to the Federal Energy Regulatory Commission.

*The project, a 50-50 venture Energy Transfer (NYSE:ET), would convert an existing import and regasification facility in Lake Charles into a multi-train, 16.45M mt/year facility. read more

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North Sea gains must be sustained, Shell official warns

North Sea gains must be sustained, Shell official warns

Sep 3rd, 2019

Offshore staff

ABERDEEN, UK – Excessive complexity held back the North Sea industry for many years, said Shell Upstream Director Wael Sawan during the plenary session at SPE Offshore Europe 2019.

The sector had made progress since the oil price fall in 2014, he acknowledged, helped by improved co-operation with governments in the region. “But we need to continue to innovate if we are to achieve the Oil & Gas Authority’s 2035 vision for the UK.”

Shell has played its part by driving down the costs of its North Sea operations by 45% over the past five years, he said, “and that has fundamentally changed the attractiveness of the investment.” read more

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Shell aims to expand retail oil, LNG footprint in India

S&P Global Platts: India CEO Series: Shell aims to expand retail oil, LNG footprint in India

HIGHLIGHTS

Doubles presence in retail oil segment in two years

Hazira LNG deal to help create integrated value chain

Investing in biofuels, solar in new energy push

New Delhi — Shell is pushing ahead with its ambitions to grow its retail oil network in India where growth prospects look promising, while working towards expanding its footprint in the fast-growing LNG market, country chairman Nitin Prasad told S&P Global Platts in an interview.

The country’s growing energy needs has given Shell a huge opportunity to grow its presence not only in the conventional energy space, but has also opened up a window of opportunity to explore new energy initiatives, he added. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Leads Big Oil in the Race to Invest in Clean Energy

By Timothy Abington and Kelly Gilblom: 4 September 2019, 07:00 BST: Updated on 4 September 2019, 11:11 BST

*European majors close many more deals than their U.S. rivals

*Digital and efficiency technologies become popular targets

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European companies that are well ahead of their U.S. rivals.

The data compiled by BloombergNEF underscore the quickening pace of the transition to low-carbon energy among the world’s largest fossil fuel producers, and the scale of the trans-Atlantic divide. European majors closed seven times as many deals with renewable-electricity and storage companies as their U.S. counterparts since 2010. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

A Shell plant coerced workers into attending a Trump rally

By Gideon Cohn-Postar: September 2 at 10:05 AM

Shortly before President Trump visited the Royal Dutch Shell plant in Pennsylvania on Aug. 13, thousands of workers received a memo from Shell about the company’s expectations of the event. The memo informed them that their attendance at the speech was “not mandatory,” but that if they did not scan in to work that morning, they would not receive their pay for the day. They also would lose eligibility to receive the 16 hours of overtime pay built into their workweek.

Although some workers chose not to attend, Trump spoke before a warehouse packed with Shell employees. At one point, the president turned to the union leaders and demanded that they support his reelection campaign. Trump told the workers that if the leaders refused to back him, they should “vote them the hell out of office because they’re not doing their job.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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