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Posts from ‘November, 2020’

SSE, Equinor sign PPA for UK Dogger Bank offshore wind farm first phases

SSE, Equinor sign PPA for UK Dogger Bank offshore wind farm first phases

By Reuters Staff: NOVEMBER 24, 2020

LONDON (Reuters) – SSE and Equinor have agreed 15-year power purchase agreements (PPAs) for the first two phases of the Dogger Bank offshore wind farm they are developing off the coast of Britain, the companies said on Tuesday.

Separate PPA’s totalling 2.4 gigawatts of capacity for power from Dogger Bank A and B have been reached with Orsted, Shell Energy Europe Ltd, Danske Commodities and SSE’s energy supply business, SSE and Equinor said in a statement. read more

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

Royal Dutch Shell paid no corporation tax in Britain

Royal Dutch Shell paid no corporation tax in Britain

Robert Miller:

The Anglo-Dutch oil major paid a total of $7.8 billion in corporate income tax globally last year, but in Britain it received $116 million from the government

Royal Dutch Shell paid no corporation tax in Britain last year, despite paying billions of dollars in other jurisdictions.

The Anglo-Dutch oil major paid a total of $7.8 billion in corporate income tax and $5.9 billion in royalties last year on a pre-tax profit of $25.5 billion, according to its annual report, which was published yesterday. 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.

5 legal tactics environmentalists are using to fight climate change

“Fossil fuel companies, like tobacco companies before them, have allowed governments to pay for the harms caused by their products“…

5 legal tactics environmentalists are using to fight climate change

Activists are increasingly using litigation as a tool to influence climate action worldwide. Here’s a look at some of the main tactics they’re wielding to force change on fossil fuel firms and weak government policies.

More than 700 climate lawsuits have been filed around the world since 2015, according to the Climate Change Litigation Databases. That’s a huge increase, considering there have only been about 1,700 of these types of cases since the late 1980s, most of them in the US. 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 Cracker Plant Has 39 Cases Of Coronavirus

Shell Cracker Plant Has 39 Cases Of Coronavirus

CBS Pittsburgh KDKA TV

Thirty-nine workers at the Shell Cracker Plant in Beaver County have tested positive for the coronavirus.

SOURCE

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

Shell Canada gives customers option to offset their carbon emissions for two cents per litre

Shell Canada gives customers option to offset their carbon emissions for two cents per litre

  Posted November 12, 2020 10:03 am: Updated November 12, 2020 6:14 pm A customer fills her full-size sport-utility vehicle at a Shell station in Mississauga, Ont. in this September 28, 2004 photo. The Sobeys grocery store chain is expanding its gasoline retailing business with the purchase of 250 gas stations in Atlantic Canada and Quebec from Shell Canada. THE CANADIAN PRESS/J.P. Moczulski. THE CANADIAN PRESS/J.P. Moczulski

Shell Canada is letting carbon-conscious customers get their two cents in for the environment while filling up at one of its 1,400 stations across Canada.

The Canadian branch of Royal Dutch Shell is launching its Drive Carbon Neutral program  on Thursday to allow customers to help it buy offset credits to reduce net carbon dioxide emissions from the production, refining and burning of fossil fuels. 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 Wants Biden to Reverse Methane Emissions Rollback

Bloomberg: Shell Wants Biden to Reverse Methane Emissions Rollback

David Wethe:

(Bloomberg) — Royal Dutch Shell Plc will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year.

“Some of the regulatory rollbacks that we’ve seen under the current administration haven’t actually benefited our industry,” Shell U.S. President Gretchen Watkins said Tuesday on a webcast hosted by the Greater Houston Partnership. 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: Regaining Dividend Respectability And Shifting Toward Green Hydrogen

Shell: Regaining Dividend Respectability And Shifting Toward Green Hydrogen

The Daily Drilling Report: 10 November 2020

Summary
  • Shell is taking a healthy approach toward energy transition and balancing capital projects in terms of energy source.
  • It’s also forging a leadership position in two key fuels that have been identified as being crucial to meeting Paris Climate goals – natural gas and hydrogen.
  • Shell is back in our good grades with its recent dividend raise and strong earnings prospects going forward.
  • At its recent price in the mid-$20s it represents a nice risk reward profile.

The question is, is the dividend safe? The answer here is yes, as it has just been raised. It seems Uncle Ben has heard the hue and cry of outraged shareholders, and is restoring some of what he took away just last quarter.

Ben Van Beurden, CEO Shell:

So we are announcing an increase of 4% in our dividends this quarter. But we’re also announcing a target milestone for our net debt of $65 billion for the near term. And once we have achieved this milestone, we target to further increase shareholder distribution. So we are not offering the promise of future growth, but also increasing shareholder distributions for the near term. 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 Singapore to cut 500 jobs in next three years as it downsizes Pulau Bukom operations

Shell Singapore to cut 500 jobs in next three years as it downsizes Pulau Bukom operations

Ovais Subhani: NOVEMBER 10, 2020

The transition at Bukom has been planned in consultation with all the stakeholders including the Government and the trade union.

SINGAPORE – Royal Dutch Shell’s pivot away from crude oil towards a low-carbon slate of fuels will cost Singapore 500 jobs and half of the processing capacity on Pulau Bukom in the next three years. 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.

Environmental groups want Shell air permit denied

Environmental groups want Shell air permit denied

By   – Reporter, Pittsburgh Business Times, Nov 6, 2020, 1:44pm EST

Environmental groups are urging the Pennsylvania Department of Environmental Protection to deny Shell Pennsylvania Chemical’s air quality permits on the basis of what they say will be too much pollution into the Pittsburgh region.

Beaver County Marcellus Awareness Community’s letter is the latest volley in environmentalists’ battle against the Potter Township project, costing in excess of $6 billion, that has remade a portion of the Ohio River coastline and brought thousands of construction jobs into the region. They’ve asked for a 30-day extension for more information about the permits as well. 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.

Twitter Roasts Shell for “Gaslighting” Consumers With Emissions Poll

Twitter Roasts Shell for “Gaslighting” Consumers With Emissions Poll

BY SOPHIE HIRSH

Sometimes, you just need to take a good, hard look at yourself in the mirror. We’re talking to you, Shell.

This week, oil and gas corporation, Shell, took a break from polluting the planet to ask people on Twitter how they were willing to change their individual habits to help reduce emissions. As one might expect, Shell’s Twitter poll regarding emission reduction did not go over well. 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.

BP And Shell’s Renewables Plans – Go Woke Go Broke

BP And Shell’s Renewables Plans – Go Woke Go Broke

: Nov 2, 2020

Summary

  • No, I’m not suggesting that BP and Shell are about to go broke as a result of their plans in to renewables – that’s rhetorical use of a current trope.
  • The move does though entirely change the way we should be viewing those stocks. They become as with other companies, things to evaluate on single year horizons.
  • They used to be known as “widows and orphans” stocks, regular dividend payers safe to be held for decades – this is what has changed.

Going green is just fine

The idea of the world going green is just fine. Climate change is a real problem, we’re causing it, we need to do something about it. I’m one of the few on that free market right who has been saying this for the past decade or so and don’t I get stick for it too.

The idea of companies investing in doing that going green is just fine too. As someone on that free market right I would insist that this is the only way we will go green too. The capitalist way, people making a buck out of what people desire to be done. 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 Explores Plans for North Slope Development

Shell Explores Plans for North Slope Development

01 November 2020

Dutch oil major Shell is looking to further develop its North Slope oil position in Alaska. The company’s offshore unit applied to form the West Harrison Bay Unit offshore from the National Petroleum Reserve–Alaska with plans for drilling and exploration.

The proposed West Harrison Bay Unit comprises 18 leases in West ­Harrison Bay approximately 34 miles northwest of the Colville River Unit. Shell holds 100% working interest in those 18 leases, covering more than 78,000 acres in the proposed unit. 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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