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Shell Outlines Plans for Reducing Its Own Carbon Footprint

Shell Outlines Plans for Reducing Its Own Carbon Footprint

The energy giant has high hopes for sustainable aviation fuel

While energy giant Shell may not be the first name that comes to mind when you think of sustainability, it’s looking to change that by “reduc[ing] the carbon intensity of all the energy that we sell by 2050.”

That’s according to Dean Aragón, CEO of Shell Brands International AG, who said the company has set milestones toward becoming a net-zero emissions energy business for the years 2023, 2030 and 2035 that are “very clear, measurable and quantifiable targets on the decarbonization journey.” He did not provide specifics. read more

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Oil Giants Win Climate Suit as Judges Push For Political Fix

Oil Giants Win Climate Suit as Judges Push For Political Fix

Chevron Corp., Royal Dutch Shell Plc and ConocoPhillips were also sued in the case.

Bloomberg News: Chris Dolmetsch and Erik Larson: Publishing date: Apr 01, 2021(Bloomberg) — New York City failed to persuade a federal appeals court to reinstate a climate-change lawsuit against Exxon Mobil Corp., BP Plc and three other oil companies, with the judges saying the problem demands political rather than legal solutions.

The Friday ruling by the U.S. Court of Appeals in New York is a setback for those trying to use the courts to hold the industry responsible for costs associated with rising seas and other consequences of a warming planet.

Chevron Corp., Royal Dutch Shell Plc and ConocoPhillips were also sued in the case.

The court said global warming “is a uniquely international concern” that requires the federal government to step in rather than judges. Only the U.S. Environmental Protection Agency has the authority to regulate domestic greenhouse gas emissions, the unanimous three-judge panel held. read more

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ZeroAvia raises fresh cash for zero-emission hydrogen planes

ZeroAvia raises fresh cash for zero-emission hydrogen planes

Other existing investors, including Bill Gates’ Breakthrough Energy Ventures and energy giant Royal Dutch Shell also joined this funding round…

By Nick Carey: 2 MIN READ: MARCH 31, 2021 / 11:19 AM

LONDON (Reuters) – Hydrogen plane startup ZeroAvia said on Wednesday it had secured $24.3 million in a third funding round from investors, including British Airways, which it will use to develop a regional zero-emissions aircraft that can seat more than 50 people. read more

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Shell To Tie Executive Bonus Pays With Energy Transition Goals

Shell To Tie Executive Bonus Pays With Energy Transition Goals

By Tsvetana Paraskova – Mar 29, 2021, 11:30 AM CDT

Oil and gas supermajor Shell is set to tie the bonuses for its top executive directors more closely to the group’s performance in reaching its net-zero goals, if shareholders approve the plan at the annual general meeting in May, Reuters reported on Monday.

Two years ago, Shell became the first supermajor to set short-term emission reduction targets and link these targets with executive pay, yielding to growing investor pressure about establishing short-term emission goals. read more

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North Sea oil and gas minnow wins vote of confidence from Shell

North Sea oil and gas minnow wins vote of confidence from Shell

By Mark Williamson 

Group Business Correspondent

NORTH Sea oil and gas minnow Deltic Energy has seen its shares rise around eight per cent after the company won a fresh vote of confidence from the mighty Royal Dutch Shell.

Shell has decided to go ahead with a plan to drill a well with Deltic, on a prospect that has generated lots of excitement.

The companies have confirmed to the North Sea regulator that they have made a firm commitment to drill a well on the Pensacola prospect, which is set for next year. read more

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Shell says green power shift will lift need for Australia’s LNG

Shell says green power shift will lift need for Australia’s LNG

By Nick Toscano

The Australian boss of global energy giant Shell sees demand for liquefied natural gas exports continuing to grow until at least the late 2030s even as COVID-19 hastens the shift away from planet-warming fossil fuels.

Shell, which believes its oil output may have hit a peak in 2019 and is now likely to gradually decline, has revealed a brighter outlook for its liquefied natural gas (LNG) assets including those in Queensland and off Western Australia. read more

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Goldman Sachs board nominates Royal Dutch Shell CFO for director role

Goldman Sachs board nominates Royal Dutch Shell CFO for director role

By Elizabeth Dilts Marshall: ·

NEW YORK, March 15 (Reuters) – Goldman Sachs Group Inc’s board of directors on Monday nominated the chief financial officer of Royal Dutch Shell plc to become its newest member.

If her appointment is approved by shareholders, Jessica Uhl will be the fifth woman director on Goldman’s board and its only member to come from the fossil fuel industry.

The bank has backed away from fossil fuel development in recent years. read more

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Shell sees 70%-complete Pennsylvania petchem project operational in 2022

Shell sees 70%-complete Pennsylvania petchem project operational in 2022

Mar. 12, 2021, 4:31 PM ETRoyal Dutch Shell plc (RDS.A) By Carl SurranSA News Editor 8 Comments

  • Royal Dutch Shell (RDS.ARDS.B) says its $6B petrochemical complex in northwest Pennsylvania is now more than 70% complete and projected to be operational sometime in 2022.
  • Shell previously projected the startup in this year’s H1 after suspending work in March 2020 due to pandemic concerns.
  • The project is one of the largest construction sites in North America and includes a 1.6M mt/year cracker and three polyethylene plants with a combined capacity of 1.6M mt/year.
  • Portions of the site’s water treatment facility are being commissioned and the site’s 250 MW power plant will soon follow, the company says.
  • Shell has “hit peak oil, but not peak opportunity,” as its impressive portfolio of assets should drive long-term shareholder returns in the tens of billions of dollars, The Value Portfolio writes in a bullish analysis posted on Seeking Alpha.
  • 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.

    EV subscription service Onto partners with Shell to expand access to charging

    EV subscription service Onto partners with Shell to expand access to charging

    Rebecca Bellan: Wed, March 10, 2021, 7:47 PM·3 min read

    British electric vehicle subscription service Onto has partnered with Shell to give its users access to charging stations in preparation for a wave of new EVs coming to market over the next several years.

    The partnership, which Shell announced Tuesday, will give Onto customers access to more than 3,400 Shell Recharge charge points in the UK, plus over 17 charging partners within Shell’s network.

    “Buying an electric car is a big, scary switch for most drivers,” Onto CEO Rob Jolly told TechCrunch in a recent interview. “Charging anxiety is an issue for them, so we’re trying to make EVs as accessible and affordable as possible, and the Shell partnership is a step up from that.” read more

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    Shell Using Battery Power Storage for EV Use in Europe

    Shell Using Battery Power Storage for EV Use in Europe

    Dutch energy giant partners with Alfen for trials in Netherlands of EV forecourt system using fast chargers and battery storage, with ability to sell power back to the grid at peak times.

    Shell and Alfen have launched a pilot to trial an on-site battery-powered system to support ultra-fast electric vehicle charging at Shell’s Zaltbommel forecourt in the Netherlands.

    A Shell first, the battery-powered system offers an alternative solution to costly and time-consuming public grid upgrades by storing electricity in an on-site battery. The increased supply of energy helps power ultra-fast chargers, allowing drivers to simultaneously use the site’s two 175kW charge points. 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.

    Big Oil Clashes Over Fossil Fuel Future

    Big Oil Clashes Over Fossil Fuel Future

    By Charles Kennedy – Mar 02, 2021, 9:00 AM CST

    Executives from major oil companies clashed over the prospects of oil and gas for the future at the first virtual edition of the CERAWeek conference in Houston.

    While BP’s Bernard Looney and Shell’s Ben van Beurden boasted about their shift away from their core business and into renewable energy, Baker Hughes, Hess Corp., and Spain’s Repsol were among those believing that fossil fuels have yet to leave the scene for good, the Houston Chronicle’s Paul Takahashi reports. 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 Canada employing ‘agile teams’ to power energy transition and reduce emissions

    Shell Canada employing ‘agile teams’ to power energy transition and reduce emissions

    Wed., March 3, 2021, 9:15 p.m.

    CALGARY — The president and country head for Shell Canada says its transition into a provider of cleaner energy is being driven by a network of “agile teams” of employees who are examining between 30 and 40 project ideas at a time.

    Michael Crothers says the teams formed from employees brought in from various parts of the company are looking at proposals that include the use of hydrogen, biofuels, and wind and solar energy to help the company reduce its environmental impact. 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 Energy to take part in renewable, gas-based power value chain for grid stability

    Shell Energy to take part in renewable, gas-based power value chain for grid stability

    By: March 3, 2021 8:48 AM Shell Energy Asia plans to participate in the power value chain in India to resolve the issues of renewable intermittency by using the idle gas-based power assets. The LNG supplier is working with the government and regulators in various geographies to achieve a connection between the renewable plus gas-based power generation for maximum cost and environment benefits, even as it promises to provide round-the-clock (RTC) electricity to the government.

    Shell, one of the largest oil and gas explorer and supplier, sees natural gas as the most suitable alternative to bundle with renewables to meet the grid intermittency challenge during night or when sun is not visible. Bundling natural gas with renewables will allow unhindered power generation for anytime of the day or night.

    Ajay Shah, VP, Shell Energy Asia, told FE that Shell through its global pronouncements has expressed its aspirations to participate in the power or electricity value chain and form partnerships on the renewables and gas. 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 plans bio power-to-liquids project at Rheinland refinery

    Shell plans bio power-to-liquids project at Rheinland refinery

    London — Shell is planning to build the first commercial bio-PTL (power-to-liquid) at its Rheinland refinery in Germany, which will involve expanding its electrolyzer project at the site to 100 MW.

    Construction of the PTL unit, which would produce 100,000 mt/year of synthetic kerosene and raw gasoline (naphtha) using green hydrogen generated in the electrolyzer as well as biomass (waste wood), could start in 2023, with a view to commercial operations beginning in 2025, Shell said in a statement Feb. 26. 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.

    Which Banks Are The Biggest Backers Of Oil And Gas?

    Which Banks Are The Biggest Backers Of Oil And Gas?

    About a month ago, BlackRock Inc.(NYSE:BLK), the world’s largest asset manager with $9 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double down on climate activism by backing more shareholder resolutions on climate change and social issues in 2021.

    Around the same time, the $226 billion New York State pension fund and the $5B Rockefeller Brothers Fund announced plans to divest the majority of their fossil fuel investments and also sell shares of other companies that have been actively contributing to global warming. 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.

    With oil past peak, Shell sharpens 2050 zero emissions goal

    By Ron Bousso and Shadia Nasralla

    LONDON (Reuters) – Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.

    The Anglo-Dutch company is in the midst of its largest overhaul yet as it prepares to expand its renewables and low-carbon business in the face of growing investor pressure on the oil and gas sector to battle climate change.

    Shell last year laid out a plan to reach net zero by 2050, in line with the Paris climate agreement and European Union ambitions, but it said the goal depended on its customers. 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.

    Europe pulls ahead in race for hydrogen, as global project pipeline grows: report

    Hydrogen Council members – including Royal Dutch Shell Plc, BMW, Microsoft Corp and Sinopec – plan to increase hydrogen investments six-fold through 2025, from 2019 levels.

    Europe pulls ahead in race for hydrogen, as global project pipeline grows: report

    FILE PHOTO: The new Febus hydrogen bus is seen before a presentation in Pau, France, January 14, 2020. REUTERS/Regis Duvignau/File Photo

    By : FEBRUARY 17, 2021

    BRUSSELS (Reuters) – Most of the world’s planned hydrogen projects and the biggest chunk of related investments this decade are expected to be in Europe, an industry report said on Wednesday, as the continent races to scale up the low-carbon fuel to meet climate goals. 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.

    Nigerians Can Sue Shell in U.K. Over Spills, Top Court Says

    Nigerians Can Sue Shell in U.K. Over Spills, Top Court Says

    Bloomberg News: William Clowes: Publishing date: Feb 12, 2021

    (Bloomberg) — Thousands of Nigerians can sue Royal Dutch Shell Plc in London over environmental damage in the West African nation, the U.K.’s top court said.

    The Supreme Court on Friday reversed two earlier rulings that blocked the case from being heard in England. The decision could pave the way for similar claims from the developing world against British companies.

    The ruling is the second legal setback for Shell, headquartered in The Hague, in recent weeks after a Dutch court ordered the company’s Nigerian subsidiary to pay compensation for spills that occurred more than 13 years ago. The prospect of more lawsuits in Europe comes at a bad time for the company as it outlines its plans to transition to cleaner energy.The residents of fishing and farming communities in the crude-rich Niger Delta region say oil spills from pipelines operated by Shell’s local unit have destroyed their land and livelihoods. More than five years after filing their lawsuit, the roughly 42,000 individuals represented will be allowed a trial where they can try to persuade a U.K. court to order the energy giant to pay compensation and clean up the pollution.

    Force Rethink?

    The decision may force other U.K. multinationals to rethink how they operate abroad, says lawyer Rick Munro. 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 to expand gas business despite pledge to speed up net zero carbon drive

     

    Jillian Ambrose: Thu 11 Feb 2021 09.40 GMT

    Shell has set new carbon emissions goals to become a net zero carbon energy company by 2050, but will continue to grow its gas business by more than 20% in the next few years.

    Shell’s goal is to be net zero carbon company within 30 years, including the emissions from burning its fossil fuels. But the plans have raised concerns among green campaigners that Shell may still increase its emissions in the coming decade, which is considered a crucial period to avoid a climate catastrophe. 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.

    How Biden should meet his promise to cut fossil fuel emissions

    How Biden should meet his promise to cut fossil fuel emissions

    Full power of US Clean Air Act must be used to cut oil and gas sector’s methane output 9 FEB 2021 Extracts

    It is clear, however, that the oil and gas sector’s concerns over methane emissions have reached a breaking point.

    The industry’s shift follows decades of climate denial and obfuscation. The industry eventually turned to voluntary commitments such as the Oil and Gas Climate Initiative, insisting they would suffice in place of the force of law. But under immense investor and public pressure, some of the oil majors, including BP, Shell, ExxonMobil, Total, and Equinor, have now publicly announced support for government regulation of methane pollution 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.

    Hedge funds bet on oil’s ‘big comeback’ after pandemic hobbles producers

    Hedge funds bet on oil’s ‘big comeback’ after pandemic hobbles producers

    FILE PHOTO: A combination of file photos shows the logos of five of the largest publicly traded oil companies; BP, Chevron, Exxon Mobil, Royal Dutch Shell, and Total. REUTERS/File Photo

    TORONTO (Reuters) – Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. 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.

    Oil giant Shell follows rivals into huge loss

    Oil giant Shell follows rivals into huge loss

    “2020 was an extraordinary year,” said Chief Executive Ben van Beurden. “We have taken tough but decisive actions,” he said, with Shell having already announced plans to axe up to 9,000 jobs, or more than 10 percent of its global workforce.

    Published on: Friday, February 05, 2021: By AFP

    LONDON: Royal Dutch Shell on Thursday became the latest oil major to reveal huge annual losses as the coronavirus pandemic slashed energy demand and prices in 2020.

    Shell dived into a net loss of $21.7 billion (18.1 billion euros) last year as factories shut and planes were grounded. 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.

    Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam

    Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam

    Ben Butler: Wed 27 Jan 2021

    Rating agency S&P has warned 13 oil and gas companies, including the some of the world’s biggest, that it may downgrade them within weeks because of increasing competition from renewable energy. On notice of a possible downgrade are Australia’s Woodside Petroleum as well as multinationals Chevron, Exxon Mobil, Imperial Oil, Royal Dutch Shell, Shell Energy North America, Canadian Natural Resources, ConocoPhillips and French group Total. 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 acquires 51% stake in Irish floater

    Shell New Energies is to acquire a 51% stake in Simply Blue Energy’s Kinsale floating wind venture.

    Kinsale was set up to develop the Emerald project, a floating wind farm in the Celtic Sea, off the south coast of Ireland.

    The new JV will be operated by Simply Blue Energy supported by Shell floating wind experts, with the project office based in the Cork City Docklands rejuvenation area.

    The partnership combines Simply Blue’s track-record in developing floating wind projects and local knowledge of the Celtic Sea environment with Shell’s offshore experience, floating wind expertise and ability to develop large complex projects. 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.

    Work starts on world’s first carbon capture storage plant

    Work starts on world’s first carbon capture storage plant

    “What we are doing is essentially establishing the business of managing other people’s emissions in a safe way and storing it.”

    27 JAN 2021

    Northern Lights, a partnership between Equinor, Norway’s majority state-owned energy company, Royal Dutch Shell, and the French oil major Total, is responsible for transportation and storage.

    Work has begun in Norway to build the world’s first business that aims to capture industry’s carbon emissions and then store them beneath the North Sea. 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 buys UK’s largest electric vehicle charging network

    Royal Dutch Shell has agreed to buy Ubitricity, owner of the largest public charging network for electric vehicles in the UK, as the oil major expands its presence along the power supply chain. 

    Shell said on Monday it would buy 100 per cent of the company for an undisclosed amount. Ubitricity, founded in Germany, is a leading European provider of on-street charging for electric vehicles.

    FULL FT ARTICLE

    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.

    Barrett hears climate case against her father’s ex-employer Shell

    Barrett hears climate case against her father’s ex-employer Shell

    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.

    Investors see splits among energy company climate efforts

    Investors see splits among energy company climate efforts

    (Reuters) – Investors are judging how well energy companies have reoriented their businesses to cut emissions as they weigh activists’ calls for divestment, climate finance specialists said on Thursday.

    Growing differences between oil majors have clarified when companies are positioned to achieve “net-zero” emissions, becoming more focused on renewable power and offsetting remaining greenhouse gas emissions with measures like carbon sequestration or conservation efforts, specialists said at a Reuters Next panel held online. 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-Exxon aims at $2.5 bln in Dutch subsidies for carbon storage

    Shell-Exxon aims at $2.5 bln in Dutch subsidies for carbon storage

    Thu, January 14, 2021, 6:17 PM

    AMSTERDAM, Jan 14 (Reuters) – A consortium that includes oil majors Royal Dutch Shell and ExxonMobil has requested a total of 2.1 billion euros ($2.55 billion) in subsidies for a project to store CO2 gasses in empty Dutch gas fields in the North Sea, the Dutch Economy ministry said on Thursday.

    The subsidies were requested together with industrial gas suppliers Air Liquide and Air Products for a project which aims to capture carbon dioxide emitted by factories and refineries in the Rotterdam port area in order to significantly reduce emissions in Europe’s largest sea port. 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.

    Research on external factors (suppliers, customers, competition, environment, etc) influencing Royal Dutch Shell

    AskWonder.com: Research on external factors (suppliers, customers, competition, environment, etc) that are influencing Royal Dutch Shell at the moment. Delivered January 30th, 2017.

    Links to royaldutchshellplc.com and royaldutchshellgroup.com as reference sources.

    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.

    Aberdeen job cuts loom as Shell retrenches in North Sea

    Aberdeen job cuts loom as Shell retrenches in North Sea

    By Mark Williamson : Group Business Correspondent

    ROYAL Dutch Shell has announced plans to cut around 330 jobs in its UK North Sea oil and gas business which is run from Aberdeen.

    The cuts will reduce total employee numbers in the Anglo-Dutch giant’s North Sea business to around 1,000.

    It is understood the bulk of the cuts will affect office-based roles in Aberdeen.

    The cuts are being made under a programme initiated by Shell amid the oil price plunge that was triggered by the coronavirus crisis. 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 INVESTS IN QUEBEC’S FIRST WASTE TO LOW-CARBON FUELS PLANT

    SHELL INVESTS IN QUEBEC’S FIRST WASTE TO LOW-CARBON FUELS PLANT

    Jan. 05, 2021

    Shell Canada Limited, an affiliate of Royal Dutch Shell plc (“Shell”), today announced the signing of commercial agreements to invest in Varennes Carbon Recycling, the first waste to low-carbon fuels plant in Québec, Canada.

    Calgary, AB – Shell will have a 40% interest in the plant using technology developed by Enerkem, a leading Canadian clean tech company. Enerkem announced the project in December 2020, subject to finalization of commercial agreements. 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 climate lawsuit: Dutch activists push courts for steeper emissions cuts

    Shell climate lawsuit: Dutch activists push courts for steeper emissions cuts

    Companies that make money selling coal, oil and gas could be held more accountable if judges in the Hague order fossil fuel giant Shell to cut its emissions.

    Backed by 17,000 Dutch citizens, climate activists are wrestling fossil fuel giant Royal Dutch Shell in court over its responsibility to cut emissions to levels that comply with global treaties.

    On the last of four days of hearings in the District Court of the Hague, seven environmental groups led by Friends of the Earth Netherlands pressed the court to force the oil major to commit to the Paris Agreement target of keeping warming to 1.5C. This would mean cutting net carbon emissions by 45% from today’s levels in a decade, the campaigners say, at a time where Shell is still investing heavily in 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.

    New York Becomes The First State To Divest From Oil And Gas

    New York Becomes The First State To Divest From Oil And Gas

    09/12/2020 13:10 GMT | Updated 09/12/2020 14:54 GMT

    The Empire State’s pension fund is the largest to dump fossil fuel investments ― ever, in the entire world.

    New York state announced plans on Wednesday to eject oil and gas stocks from its $226 billion financial portfolio, becoming the first U.S. state and the biggest pension fund anywhere to divest from fossil fuels.

    By 2025, the New York State Common Retirement Fund, which disburses some $1 billion in benefits to retirees each year, will sell off its “riskiest” oil and gas stocks, following a review. The state aims to completely eliminate carbon polluters from its portfolio by 2040. read more

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    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

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    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

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    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

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    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

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    Shell to axe refining plants and focus on dividends and debt reduction

    Shell to axe refining plants and focus on dividends and debt reduction

    Philip Whiterow: 07:31 Thu 29 Oct 2020

    Royal Dutch Shell PLC (LON:RDSB) has unveiled a huge restructuring of its refining and chemical operations as part of a strategic overhaul that places dividends at its centre.

    The Anglo-Dutch giant said its fourteen refining sites will be reduced to six integrated chemical parks, with a switch in focus to performance chemicals and recycled feedstocks.

    Shell’s marketing arm will also be strengthened with the development of the integrated power business and hydrogen and biofuels. read more

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    Shell hires Orsted’s Brostrom to lead global renewables unit

    Shell hires Orsted’s Brostrom to lead global renewables unit

    By Reuters Staff: October 23, 2020 read more

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    The Big Oil Side Hustle: Where ‘Renewable’ Money Is Really Going

    The Big Oil Side Hustle: Where ‘Renewable’ Money Is Really Going

    By Alex Kimani – Oct 20, 2020, 6:00 PM CDT

    In 2016, Shell set an ambitious goal to invest $4bn to $6bn in clean energy projects by 2020, though the Guardian recently reported that it was unlikely to meet that target. So, why is Big Oil still dragging its feet…

    Every time an oil and gas major announces a major foray into renewable energy, the skeptics come out like clockwork and lambast the sector for merely trying to burnish its green credentials. 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.

    Oil Majors Stuck Between A Rock And A Hard Place

    Oil Majors Stuck Between A Rock And A Hard Place

    By Andreas De Vries – Oct 18, 2020, 6:00 PM CDT

    Extracts

    The past few years have been historic for as far as crude oil forecasts are concerned. Back in 2015 the view that crude oil demand could peak during the 2020s or 2030s was still met with disbelief (and some ridicule…). Economic growth had been pushing crude oil demand up ever year for decades already, so why would things become different, so the reasoning went. Today, however, essentially all major energy forecasters, including BPShellTotalDNV-GL, the IEA and even OPEC, have come round and acknowledge Peak Oil Demand as a realistic possibility. read more

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    Shell says Pennsylvania ethane cracker about 70% complete

    Shell says Pennsylvania ethane cracker about 70% complete

    By Reuters Staff: October 9, 2020

    Oct 9 (Reuters) – Royal Dutch Shell Plc said on Friday its multibillion-dollar petrochemical complex near Pittsburgh was about 70% complete and remains on track to enter service in the early 2020s.

    After temporarily suspending construction activities on the ethane cracker in March to limit the spread of coronavirus, Shell said it has been re-introducing workers at a measured pace – bringing the total number of workers on site to about 6,500. read more

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    Shell adopts new commercialisation and generation structure in Brazil

    Shell adopts new commercialisation and generation structure in Brazil

    October 7 (Renewables Now) – Oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has adopted a new structure in Commercialisation and Electric Generation in Brazil.

    Shell Brasil will follow a business strategy that focuses on the generation and storage of renewable energies and natural gas, as well as on the commercialisation and optimisation, and sales to end consumers of company-branded integrated energy solutions. The director of New Energies of Shell Brasil, Guilherme Perdigao Nascimento, will lead this business. 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 backs hydrogen for shipping’s decarbonization

    Shell backs hydrogen for shipping’s decarbonization

    London — Energy group Shell has revealed plans to back hydrogen fuel cells on the road to shipping’s 2050 decarbonization goals, tagging LNG bunkers as the bridging fuel between that and conventional oil-based bunker fuels.

    “We believe liquid hydrogen to be advantaged over other potential zero-emissions fuels for shipping, therefore giving a higher likelihood of success,” it said in its latest report, ‘Decarbonising Shipping: Setting Shell’s Course.’ read more

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    Big Oil’s $110 billion asset sale target could prove big ask

    Big Oil’s $110 billion asset sale target could prove big ask

    By Ron Bousso: October 1, 2020

    LONDON (Reuters) – Leading energy companies are hoping to sell dozens of oil and gas fields and refineries worth more than $110 billion to curb both their ballooning debt and their carbon footprints.

    But with the outlook for oil and gas prices uncertain because of the coronavirus pandemic and a shift to cleaner energy, finding buyers and striking deals might prove tricky.

    “This is not a very good time to sell assets,” Total CEO Patrick Pouyanne said while presenting the French giant’s strategy to switch to renewables on Wednesday. read more

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    U.S. and European Oil Giants Go Different Ways on Climate Change

    U.S. and European Oil Giants Go Different Ways on Climate Change

    While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots.

    By Sept. 21, 2020, 5:00 a.m. ET 

    HOUSTON — As oil prices plunge and concerns about climate change grow, BP, Royal Dutch Shell and other European energy companies are selling off oil fields, planning a sharp reduction in emissions and investing billions in renewable energy.

    The American oil giants Chevron and Exxon Mobil are going in a far different direction. They are doubling down on oil and natural gas and investing what amounts to pocket change in innovative climate-oriented efforts like small nuclear power plants and devices that suck carbon out of the air. read more

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    INSIGHT- In the run-up to U.S. election, drilling lobby promotes natural gas as ‘clean’

    INSIGHT- In the run-up to U.S. election, drilling lobby promotes natural gas as “clean”

    By Valerie Volcovici, Andrew R.C. Marshall and Matthew Green: AUGUST 18, 2020

    WASHINGTON/LONDON, Aug 18 (Reuters) – America’s biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying data.

    The campaign by the American Petroleum Institute (API), targeted at younger voters and some tight congressional races, is part of a global battle by the drilling industry to assuage growing fears over the role of natural gas in driving climate change. read more

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    Energy majors ‘spend 90%’ on fossil fuels despite climate pledges

    Energy majors ‘spend 90%’ on fossil fuels despite climate pledges

    23/07/2020: Paris (AFP)

    Energy giants Shell and Total continue to invest 90 percent of their capital on planet-warming fossil fuels despite promises to slash their greenhouse gas emissions, according to an industry analysis seen exclusively by AFP.

    With combined emissions equivalent to that of Germany — the world’s fourth largest economy — both companies are likely to fall “well short” of their own sustainable investment targets, the Institute for Energy Economics and Financial Analysis (IEEFA) said. 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.

    DNV GL approves Shell’s CO2 technology use at Fortum’s plant

    DNV GL approves Shell’s CO2 technology use at Fortum’s plant

    JULY 2, 2020 OSLO, July 2 (Reuters) – EShell’s carbon dioxide capture technology has been approved for use at Fortum’s waste-to-energy plant in Oslo, the risk management and quality assurance firm DNV GL said on Thursday.

    Fortum plans to build a full scale CO2 capture facility at the plant to reduce greenhouse gas emissions by 400,000 tonnes per year, the equivalent of emissions from 200,000 cars.

    The pilot project showed that Shell’s CONSOLV CO2 technology could capture more than 90% of CO2 from the flue gas, DNV GL, which certifies that technology is as described and meets existing standards, said in a statement.

    “The third-party technology qualification by DNV GL gave us confidence that the project risk related to implementing the Shell technology was low,” said Jannicke Gerner Bjerkas, the head of the project at the plant. 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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