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July, 2022:

Shell and British Gas owner post record profits as energy bills surge 

The Telegraph

Shell and British Gas owner post record profits as energy bills surge 

: 28 JULY 2022 • 12:28PM

Shell and the owner of British Gas are handing billions of pounds back to shareholders as Russia’s war in Ukraine drives record-breaking profits.

Shell will repurchase a further $6bn (£4.9bn) of shares in the third quarter, having already bought back $8.5bn of stock in the first half of the year.

It came after the FTSE 100 company’s profit jumped to $11.5bn in the three months to the end of June – its second consecutive quarter of record profits – as it cashed in on high oil and gas prices. read more

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Greenpeace accused of siding with Putin and putting British security at risk

The Telegraph

Greenpeace accused of siding with Putin and putting British security at risk

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell to Stop Paying Prelude LNG Workers From Monday, After Industrial Action Extended

Shell to Stop Paying Prelude LNG Workers From Monday, After Industrial Action Extended

By : July 20, 2022, at 3:47 a.m.

MELBOURNE (Reuters) – Shell Plc has told workers at its Prelude floating liquefied natural gas (FLNG) facility it will stop paying them as of Monday if they are not on site, a Shell spokesperson said on Wednesday. Shell was meeting with workers after their combined union, the Offshore Alliance, extended protected industrial action, which began 40 days ago, to Aug. 4, the spokesperson said. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell shuts gas plant after strike

THE TIMES

Shell shuts gas plant after strike

Emily GosdenThe Times

Shell has been forced to shut its troubled Prelude floating liquefied natural gas plant as workers escalate a strike over pay.

The oil and gas group was yesterday in the process of halting production at the plant off the coast of Australia after informing customers it would be unable to offload cargoes.

Shell had already been forced to reduce output from Prelude after workers at the floating plant went on strike last month.

The latest strike plans effectively prevent tankers being moored alongside the plant to offload cargoes and, with storage facilities on the plant nearing capacity, Shell was forced to shut down production. Strike action is expected to continue until July 21. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Happy as a clam: Shell raises value of oil and gas assets as refining soars

CITYA.M.

Happy as a clam: Shell raises value of oil and gas assets as refining soars

THURSDAY 07 JULY 2022 3:28 PM

Shell has announced it will reverse up to $4.5bn in write-downs taken on the value of its oil and gas assets after raising its energy prices outlook following Russia’s invasion of Ukraine and subsequent disruption to fossil fuel trading across the world.

In an update ahead of its second quarter results on July 28, the energy giant revealed its refining margins almost tripled over the three-month period. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell may have to abandon £3bn stake in Russian gas plant

The Guardian

Shell may have to abandon £3bn stake in Russian gas plant

Kremlin sets up new firm to own Sakhalin-2 plant, with stakeholders given a month to sign up or they could lose money

Alex Lawson Energy correspondent: Fri 1 Jul 2022: 12.50 BST

Shell could be forced to abandon a £3bn investment in a huge Russian gas plant after Vladimir Putin threatened to seize the rights to the project.

The Kremlin has said it plans to transfer the rights to the Sakhalin-2 plant in the far east of Russia to a new Russian company, citing economic security and national interests. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.