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Posts from ‘March, 2022’

Shell U-turn on Cambo oilfield would threaten green targets, say campaigners

The Guardian

Shell U-turn on Cambo oilfield would threaten green targets, say campaigners

Company is reviewing decision to withdraw from North Sea project because of high oil price, report claims

Jasper Jolly: Tue 22 Mar 2022 09.41 GMT

Climate activists have reacted with concern to reports that Shell is reconsidering its decision to abandon development of the Cambo oilfield, warning that such a reversal would further threaten emissions reductions targets.

The fossil fuel producer could U-turn on a decision to pull out of the North Sea project because the “economic, political and regulatory environment had changed enormously since the decision was announced just three months ago”, according to sources cited by the BBC. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell seeks permits to build offshore wind farms along Brazil’s coast

Bloomberg

Shell seeks permits to build offshore wind farms along Brazil’s coast

Shell plans to sell electricity from the wind farms to the country’s hydrogen industry

London: Energy giant Shell is seeking environmental permits to develop its first offshore wind farms along the coast of Brazil as the company pushes to speed its transition away from fossil fuels.

The London-based oil major proposes to build six projects with a combined capacity of 17 gigawatts, which would rival the output of 15 nuclear reactors. It applied for permits earlier this week with the Brazilian Institute of Environment and Renewable Natural Resources, according to Gabriela Oliveira, Shell’s head of renewable energy generation in Brazil. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Australia’s Prelude LNG cleared for restart

Argus Media

Australia’s Prelude LNG cleared for restart

Published date: 18 March 2022

Production at the 3.6mn t/yr Prelude floating LNG project in the Browse basin offshore Western Australia (WA) has been granted approval to restart, Australia’s offshore security regulator said.

The National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) has closed a direction issued to project owner and operator Shell on 23 December 2021, instructing it to “demonstrate that the facility can operate safely in the event of power loss before production can commence”. Shell also confirmed that the direction has closed, but has no further comment at this stage. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s Board Of Directors Sued For Not Doing Enough For Climate Change

Nasdaq.com

Shell’s Board Of Directors Sued For Not Doing Enough For Climate Change

RTTNews.com RTTNews: PUBLISHED MAR 15, 2022 3:54PM EDT

(RTTNews) – Shell’s Board of Directors sued for not doing enough for climate change The Board of British energy company Shell Plc (SHEL) is being sued for not taking enough steps to help the company make the transition away from fossil fuels.

Environmental law firm ClientEarth, which is also a Shell shareholder, said on Tuesday that it had notified the company of its lawsuit against Shell’s 13 executive and non-executive directors. The law firm has said that the Board’s failure to put in place a climate plan, which aligns with the Paris Agreement must be considered a breach of their duties as per British law. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell boss bags 26% leap in annual pay package after COVID oil price recovery

sky news

Shell boss bags 26% leap in annual pay package after COVID oil price recovery

Ben van Beurden took home 57 times more than the median Shell worker in 2021 but will be facing pressure to temper awards for the current year as surging oil and gas prices bring misery to households and business alike.

: Business reporter : Thursday 10 March 2022 10:40, UK

The chief executive of Shell’s pay package rose by 26% to €7.4bn (£6.2m) last year amid a recovery in oil prices from COVID crisis lows, according to the company’s annual report. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell says it will stop buying Russian oil, natural gas

AP

Shell says it will stop buying Russian oil, natural gas

LONDON (AP) — Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine.

The company said in a statement that it would withdraw from all Russian hydrocarbons, including crude oil, petroleum products, natural gas and liquefied natural gas, “in a phased manner.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell makes ‘difficult’ decision to purchase Russian crude oil, vows to buy elsewhere ‘whenever possible’

Fox Business

Shell makes ‘difficult’ decision to purchase Russian crude oil, vows to buy elsewhere ‘whenever possible’

The company says it will avoid purchasing Russian oil whenever possible

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell finance chief Jessica Uhl quits over relocation to London

The Times

Shell finance chief Jessica Uhl quits over relocation to London

Emily Gosden, Energy Editor: The Times

Shell’s chief financial officer is to stand down after deciding that her family could not follow the oil giant in its move to Britain.

Jessica Uhl, 54, has held the role since March 2017 and was a “key architect” of Shell’s decision to simplify its share structure and move its headquarters and the roles of chief executive and chief financial officer from the Hague to London. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

CNBC

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

Fred Imbert@FOIMBERT KEY POINTS
  • Shell said it’s selling a 27.5% stake in Sakhalin-II, an integrated oil and gas project located on the Sakhalin island in Russia, as well as a 50% interest in Salym Petroleum Development N.V.
  • “We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” Shell CEO Ben van Beurden said in a statement.
  • The company said that it had about $3 billion in “noncurrent assets” through its Gazprom ventures at the end of 2021.

Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues.

Shell said it’s selling a 27.5% stake in Sakhalin-II, an integrated oil and gas project located on the Sakhalin island in Russia, as well as a 50% interest in Salym Petroleum Development N.V., “a joint venture with Gazprom Neft that is developing the Salym fields in the Khanty-Mansiysk Autonomous District of western Siberia.” The company also said it’s ending its involvement in the Nord Stream 2 pipeline project. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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