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Posts from ‘April, 2022’

Shell Signs Production Sharing Contract for Atapu Field in Brazil

Shell Signs Production Sharing Contract for Atapu Field in Brazil

Apr 27, 2022

Today, Shell Brasil Petróleo Ltda.(Shell Brasil), a subsidiary of Shell plc, signed the Production Sharing Contract (PSC) to formally acquire a 25 percent stake of the Atapu field. Shell paid $ 1.1 billion to Petrobras for the increased stake in the field. With the contract now signed, Shell will start receiving its additional share of oil from the field.

Notes to editors

  • Shell Brasil Petroleo is a subsidiary of Shell plc.
  • In December 2021 in the Transfer of Rights auction, Shell along with partners Petrobras (52.5%, operator) and TotalEnergies (22.5%) acquired the rights to volumes from the Atapu field.
  • Atapu is a pre-salt oil field in the Santos Basin located in waters depths of about 2,000 meters. Production started in 2020 through the P-70 Floating, Production, Storage and Offloading unit (FPSO) which has the capacity to produce 150,000 barrels of oil equivalent (boe) per day.
  • For more details on Shell’s Powering Progress strategy, please visit www.shell.com/poweringprogress.

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. 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.

Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Ukraine’s government has branded Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil.

Officials in Kyiv said Western companies were continuing to ‘bankroll Putin’s war machine’ despite promising to cut ties with the Kremlin. 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.

Strong progress towards net zero for Shell

Strong progress towards net zero for Shell

Apr 20, 2022

Shell today published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022.

“In a time of great uncertainty, it is vital that our long-term energy transition strategy remains on track,” said Ben van Beurden, Shell’s Chief Executive Officer. “This report shows the strong progress we have made towards our target to become a net-zero emissions energy business by 2050.” 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.

Extinction Rebellion mob cause traffic NIGHTMARE in London

MailOnline

Extinction Rebellion mob cause traffic NIGHTMARE in London

  • Earlier today the eco fanatics climbed onto a Shell oil tanker at a petrol station in Bayswater, London

  • Along with eco-mob Just Stop Oil, XR have brought 16 days of disruption to traffic, oil depots and commuters

  • Comes after activists blocked four of London’s busiest bridges on Good Friday – causing traffic chaos

  • Several oil firms secured injunctions to stop environmental protesters from targeting fuel processing sites 

A mob of Extinction Rebellion protesters have swamped London’s Marble Arch, glueing themselves to a limousine and bringing traffic to a standstill.

The eco-fanatic rabble have once again brought chaos to the streets of the capital as they launched a series of ‘disruptions’ on a sixteenth days of protests alongside Just Stop Oil activists.

XR members convened in Hyde Park earlier today before one group – which included two former Olympians – climbed onto a Shell oil tanker at nearby Bayswater, leading to six arrests. 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 to develop blue hydrogen plant

The Times

Shell to develop blue hydrogen plant

The plant would separate natural gas into clean-burning hydrogen and waste carbon dioxide, which would be disposed of under the sea via the proposed East Coast Cluster carbon capture and storage facility. Hydrogen burns cleanly and is seen as a crucial part of Britain’s decarbonisation plans, especially for heavy industry and transport as well as potentially for power generation. 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 to write off up to $5bn on Russia exit

Yahoo!news

Shell to write off up to $5bn on Russia exit

: Thu, April 7, 2022, 8:41 AM

Energy stalwart Shell (SHEL.L) has warned that its exit from Russia could cost it as much as $5bn (£3.8bn) in the first three months of this year.

Shell will write off between $4bn and $5bn in the value of its assets, but the post-tax impairments will not impact the company’s earnings, it said in an update ahead of its earnings announcement in May.

Thursday’s announcement offers a first glimpse of the potential financial hit to western oil companies withdrawing from the country following its invasion of Ukraine. 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 first quarter 2022 update note

Shell first quarter 2022 update note

The following is an update to the first quarter 2022 outlook. Impacts presented may vary from the actual results and are subject to finalisation of the first quarter 2022 results, published on May 5, 2022. Unless otherwise indicated, all outlook statements exclude identified items.

The prevailing volatility in commodity prices has led to larger ranges in the financial guidance for the quarter. Adjusted Earnings and Adjusted EBITDA updates are provided at a segment level while the CFFO update is provided at a Shell Group level. 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 eyes major expansion of B.C. natural gas project

Global&Mail

Shell eyes major expansion of B.C. natural gas project

Brent Jang: 6 April 2022

Shell PLC SHEL-N is studying the feasibility of a major expansion for the LNG Canada joint venture in British Columbia, citing a surge in global demand for liquefied natural gas and the need for reliable new supplies.

Europe has been scrambling to reduce its dependence on natural gas from Russia since the invasion of Ukraine nearly six weeks ago, and countries in Asia want cleaner alternatives to coal. 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 Trinidad and Tobago delivers first gas from Colibri Project

Shell Trinidad and Tobago delivers first gas from Colibri Project

Mar 31, 2022

Shell Trinidad and Tobago (through BG International, a subsidiary of Shell plc), today announces that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.

The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract for the Manatee field, marking yet another significant milestone in Shell’s growth strategy in country. This will allow for the delivery of gas both domestically and internationally through Atlantic LNG. 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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