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Shell resumes production at massive floating LNG plant

Shell resumes production at massive floating LNG plant

Article by Adam Duckett: 14JAN 2021

SHELL has resumed production of LNG from its huge floating processing plant – Prelude – following a series of project setbacks that halted output for almost a year.

The oil major said this week: “LNG cargoes have resumed from Shell’s Prelude FLNG facility.”

Shell repeated the statement it has made in response to a series of setbacks at the project, which at 488 m long is the largest ship ever built: “Prelude is a multi-decade project, and our focus remains on delivering sustained performance over the long-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-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.

Shell resumes LNG shipments from world’s largest floating structure

Shell resumes LNG shipments from world’s largest floating structure

Jan. 11, 2021 11:46 AM ET Royal Dutch Shell plc (RDS.A)By Carl SurranSA News Editor (Comments)

  • Royal Dutch Shell (RDS.A -0.8%) says cargo shipments have resumed at its 3.6M mt/yr Prelude floating LNG offshore Western Australia, 11 months after it went offline because of technical issues.
  • Prelude FLNG in the Browse basin has been plagued by technical issues since it started shipments in June 2019.
  •  The Symphonic Breeze LNG carrier is scheduled to arrive at Japan’s Himeji port on Jan. 16 after leaving Prelude on Jan. 9, and the Gaslog Glasgow is scheduled to arrive at Prelude on Jan. 21, Argus reports.
  • Prelude’s restart follows a spike in prices for northeast Asian spot liquefied natural gas as colder than expected weather in northeast Asia has fueled urgent demand for cargoes.
  • 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.

    Fishermen lose out as oil giant Shell delays survey on gasfields off Whitby and Scarborough

    Fishermen lose out as oil giant Shell delays survey on gasfields off Whitby and Scarborough

    Anglo-Dutch oil giant Shell has postponed a seismic survey on two gasfields off the North Yorkshire coast, disappointing fishermen who were in line for tens of thousands of pounds of compensation.

    By Alexandra Wood: Saturday, 9th January 2021, 6:00 am

    The energy firm had been looking to conduct the 3D survey on the Resolution – first discovered in 1966 – and Endeavour gasfields in the first quarter of this year, but said it needed more time to “conclude agreements with commercial and other stakeholders in the area”. 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 postpones North Sea seismic job due to fishing, environmental concerns

    Shell postpones North Sea seismic job due to fishing, environmental concerns

    Shell has postponed a 3D seismic survey in the UK North Sea after weighing up the impacts on fishing businesses and the environment. By Mark Lammey: 06/01/2021, 7:45 am Partner Egdon Resources said the survey of the Resolution and Endeavour gas discoveries would take place in February 2022, rather than in the first quarter of this year.

    Operator Shell made the decision following “extensive stakeholder engagement” and the revision of the environmental impact assessment.

    The oil giant concluded that the commercial impact on local fishing businesses, along with potential impacts on marine mammalian movements, the breeding season for sea birds and tourism, meant it would be better to do the work in February.

    The survey had originally been scheduled for March or April 2021. 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.

    TRUSTPILOT: Shell Energy Broadband Service is a joke

    Some extracts from current customer comments posted on Trustpilot: “The broadband service is a joke. Been with them on an 18 month contract, and every single day there has been an issue. Sometimes dropping out 50 times a day. They know they are terrible but as long as they remain unpunished, they will continue their fraudulent activities. Avoid at all costs.”

    Featured below are extracts from negative customer reviews about Shell Energy posted over the past few days on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the companyThis article posted on 31 December 2020. 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.

    Don’t buy Shell Broadband. It takes 3 days to download a game! Always buffers on Netflix and keeps stopping films

    Some extracts from current customer comments posted on Trustpilot: “Don’t buy Shell Broadband. It takes 3 days to download a game! Always buffers on Netflix and keeps stopping films”: “Zero level of customer service and massive price hikes on broadband. Steer clear.”

    Featured below are extracts from negative customer reviews about Shell Energy posted over the past 4 days on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the companyThis article posted on 28 December 2020. 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.

    2020 Was One of the Worst-Ever Years for Oil Write-Downs

    2020 Was One of the Worst-Ever Years for Oil Write-Downs

    Royal Dutch Shell’s Prelude floating facility has struggled to deliver income. PHOTO: ROYAL DUTCH SHELL AUSTRALIA/REUTERS

    By Collin Eaton and Sarah McFarlane: Dec. 27, 2020 9:00 am ET

    The pandemic has triggered the largest revision to the value of the oil industry’s assets in at least a decade, as companies sour on costly projects amid the prospect of low prices for years.

    Oil-and-gas companies in North America and Europe wrote down roughly $145 billion combined in the first three quarters of 2020, the most for that nine-month period since at least 2010, according to a Wall Street Journal analysis. That total significantly surpassed write-downs taken over the same periods in 2015 and 2016, during the last oil bust, and is equivalent to roughly 10% of the companies’ collective market value. 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 fourth quarter 2020 update note

    Shell fourth quarter 2020 update note

    | Source: Shell International B.V.

    The Hague, December 21, 2020 − This is an update to the fourth quarter 2020 outlook provided in the third quarter results announcement on October 29, 2020. The impacts presented here may vary from the actual results and are subject to finalisation of the fourth quarter 2020 results.

    This update note is presented based on prevailing commodity prices and forward curves, further movements and volatility till the end of the year are likely to impact earnings and CFFO. 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.

    Shell and Equinor team up on digital collaboration project

    Shell and Equinor team up on digital collaboration project

    Shell and Equinor have announced plans to team up to further the use of advanced analytics on historical data to improve operational spare part inventories.

    The two energy giants will develop the next generation of the Shell Inventory Optimiser, with the goal of gaining better control over available equipment and stock levels.

    Microsoft will support Shell and Equinor with the co-development of the tool, which uses the tech giant’s Azure platform. 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.

    TIMELINE-Nord Stream 2: Russia to Germany gas pipeline’s difficult birth

    TIMELINE-Nord Stream 2: Russia to Germany gas pipeline’s difficult birth

    Maarten Wetselaar, Klaus Schaefer, Mario Mehren, Alexey Miller, Gerhard Schroeder, Isabelle Kocher, Gerard Mestrallet, Rainer Seele, and Matthias Warnig after signing of financing agreements for Nord Stream 2 gas pipeline project on April 24, 2017

    Reuters Staff: DECEMBER 11, 2020

    Dec 11 (Reuters) – Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday. 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

    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 double LNG bunkering fleet by 2025

    Shell to double LNG bunkering fleet by 2025

    Published date: 03 December 2020

    Shell plans to “more than double” its LNG bunkering vessel fleet by 2025, the firm’s executive vice-president Steve Hill said at the virtual CWC World LNG summit.

    The firm has six LNG bunkering vessels already in operation or about to start service, Hill said.

    LNG is set to sharply increase its share of the bunkering market in the coming years, also thanks to its global availability, he added. LNG is already available “in all major ports”, and a widespread use as a marine fuel only requires “those last mile investments” to make it available for bunkering operations, he 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.

    Communities in oil-rich Niger Delta pin hopes on Shell climate case

    Communities in oil-rich Niger Delta pin hopes on Shell climate case

    DAKAR, Dec 1 (Thomson Reuters Foundation) – As a legal case over energy giant Shell’s planet-heating emissions kicked off in the Netherlands, activists said the health and livelihoods of people in Nigeria’s oil-producing region would hinge on its outcome.

    Royal Dutch Shell faced its first court hearing on Tuesday in a lawsuit brought by environmental and human rights groups in The Hague, the company’s headquarters. 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 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.

    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

    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.

    Gas company NAM to cut hundreds of jobs as prices drop and production is squeezed

    Gas company NAM to cut hundreds of jobs as prices drop and production is squeezed

    October 15, 2020

    Dutch gas company NAM is cutting its workforce by hundreds of jobs as gas prices fall and production is cut back.

    Over the next six months, 200 to 300 of the permanent workforce of 1,300 will be able to take advantage of a voluntary redundancy scheme and a further 300 contract workers will be let go, regional paper Dagblad van het Noorden said.

    Director Johan Atema told the paper that the company had been hit by falling gas prices. ‘We are supplying almost as much gas as last year, but our income has halved,’ he said. ‘Then you are talking about a crisis situation.’ 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.

    TIMELINE-Twists and turns in Russia’s Nord Stream 2 gas pipeline to Germany

    TIMELINE-Twists and turns in Russia’s Nord Stream 2 gas pipeline to Germany

    By Reuters Staff: OCTOBER 7, 2020

    Oct 7 (Reuters) – Poland has fined Russia’s Gazprom more than $7.6 billion for building the Nord Stream 2 gas pipeline without Warsaw’s approval, its watchdog said on Wednesday.

    Russia’s bid to double its gas export capacity across the Baltic Sea has prompted opposition, including U.S. sanctions, stalling completion of the $11 billion pipeline.

    In addition to Europe’s increased reliance on Russian gas, opponents are wary of Moscow’s motives as the pipeline will allow it to curb gas transit via Ukraine, cutting off a source of revenue for Kiev. 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 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

    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.

    LNG Canada construction delay creates cost uncertainty, clouds world supply

    LNG Canada construction delay creates cost uncertainty, clouds world supply

    Corey Paul: 2 Oct, 2020

    Two years after a Royal Dutch Shell PLC-led consortium gave the commercial go-ahead for the massive LNG Canada export terminal in British Columbia — dubbed the single largest private sector investment in Canadian history — construction delays have clouded the LNG supply picture and raised the prospect of cost overruns.

    The project was likely about four months behind schedule in February because of factors that included delays in engineering and making equipment for the terminal off-site, according to analysts at the investment research firm Webber Research & Advisory. Now the project is probably around six months behind, which is enough to suggest the potential for significant cost overruns and pressure on a planned expansion, the firm 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.

    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

    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.

    FROM LEADER TO LAGGARD

    FINANCIAL TIMES

    Shell slims down to shape up for the energy transition

    …the Anglo-Dutch group has been forced into previously unthinkable moves, change and scrutiny of its capital allocation plans mount, is scrambling to come up with an updated plan. In the meantime, it is cutting costs and streamlining.

    On Wednesday it offered a glimpse into Project Reshape, its organisational restructuring in which up to 9,000 jobs will be cut from its 83,000-strong workforce to save $2.5bn a year.

    All Shell is thinking about is how do we maintain our position as a market leader in every sense — from climate action to staying competitive in the oil and gas space,”one company insider said. “The fear is that we go from being a leader to a laggard. 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.

    Australia trims 2020-21 LNG export forecasts on COVID-19, production issues

    Australia trims 2020-21 LNG export forecasts on COVID-19, production issues

    Sydney — Australia has cut forecasts for the country’s LNG exports for 2020-2021 (July-June) by some 6% to 75.6 million mt, citing the expected impacts of both the COVID-19 pandemic and domestic technical issues.

    If realized, the forecast for the current fiscal would see volumes fall by 3.7 million mt year on year. They are expected to recover in 2021-2022 to 80.1 million mt, the Department of Industry, Science, Energy and Resources said Sept. 28 in a report. 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.

    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

    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.

    Kosmos Energy to sell some exploration assets to Shell

    COMMODITIES: SEPTEMBER 9, 2020 / 8:01 AM

    Kosmos Energy to sell some exploration assets to Shell

    (Reuters) – Oil and gas producer Kosmos Energy said on Wednesday it agreed to sell certain exploration assets in Africa and South America to a unit of Royal Dutch Shell for up to $200 million.

    Shell will acquire the company’s participating interest in blocks offshore São Tomé and Príncipe, Suriname, Namibia and South Africa, Kosmos said in a statement.

    Kosmos said it plans to use up to one-third of the initial sale proceeds of $100 million to test two high-quality infrastructure-led exploration prospects in the Gulf of Mexico. 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 begins restart of Prelude FLNG after seven-month suspension

    Shell begins restart of Prelude FLNG after seven-month suspension

    |About: Royal Dutch Shell plc (RDS.A)| By: , SA News Editor 

  • Royal Dutch Shell (RDS.A -0.1%) says it has begun restarting operations at its 3.6M mt/year Prelude floating liquefied natural gas facility offshore Western Australia, which has been offline since February due to technical problems.
  • The suspension of cargo loadings at Prelude followed an order from Australia’s upstream regulator to carry out additional work following three safety incidents at the plant between September and January.
  • The regulator recently accepted Shell’s proposal to develop the 2.2T cf Crux gas field in the Browse basin offshore Western Australia, which is expected to provide backfill gas for Prelude.
  • In April, Shell delayed a final investment decision on Crux and other projects until next year because of weaker global LNG demand and lower oil prices.
  • 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.

    Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil’s pre-salt

    Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil’s pre-salt

    RIO DE JANEIROAug. 25, 2020 /PRNewswire/ — Shell announced today a final investment decision taken by the Libra Consortium, operated by Petrobras, to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field within the offshore Santos Basin in Brazil.

    This is the third production system to be deployed in the Mero field, with final investment decisions to contract the Mero-1 and Mero-2 FPSOs already taken.  Each unit has a daily operational capacity rate of 180,000 barrels of oil equivalent, with production coming online over the next four years. The Pioneiro de Libra FPSO (50,000 barrels of oil equivalent/day) has been producing at Mero since 2017 and is a key source of information for the consortium to aid further development and productivity of the field, reservoir and wells. read more

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    Shell to begin seismic work on North Sea gas discoveries next year

    Shell to begin seismic work on North Sea gas discoveries next year

    :

    It comes as the energy giant took over operatorship of the licences from Egdon Resources, farming in with 70% interest in both.

    Under the deal, Shell will pay 85% of the costs for acquiring and processing the 3D seismic survey, which needs to completed by May 31 2021 under the terms of the licenses.

    Shell will meet these costs up to $5million, at which point Egdon will be responsible for 30% of survey. 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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    LNG revenues smashed on price slump

    LNG revenues smashed on price slump

    Angela Macdonald-Smith, Senior resources writer:12 Aug 2020

    Australia’s revenues from LNG exports slumped a massive 52 per cent in July compared with a year earlier as export prices followed crude oil prices into the basement, cementing prospects for a big dip in export earnings from the commodity this financial year.

    LNG export revenues for the country were likely about $1.98 billion last month, sinking from north of $4 billion a year earlier, according to an analysis released on Wednesday by consultancy EnergyQuest. read more

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    Big Oil’s Most Profitable Business Is No Longer Oil

    Big Oil’s Most Profitable Business Is No Longer Oil

    It’s been a rough year for oil, to say that least. And the worst isn’t over yet. Even though oil demand, and therefore oil prices, have been slowly recovering, that upward trajectory is now running out of steam and we’re headed toward a slump amidst what will almost certainly be a yearslong recession in the wake of the economic fallout from the devastating spread of the novel coronavirus. read more

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    Shell to change-up FIFO roster at Australian operations

    Shell to change-up FIFO roster at Australian operations

    Paul Hunt: Senior Journalist: Oil & Gas, Policy. 07 August 2020

    SHELL is urging its staff to move to a new fly-in, fly-out, roster, a move that has been described by unions as “unsafe.”

    Currently FIFO staff work three weeks on, four weeks off, then three weeks on and five weeks off but under the new proposed agreement, employees would simply do a four week on, four week off roster.

    In a power-point presentation leaked to Energy News this week, Shell Australia said a new roster was needed due to interstate travel restrictions, and the combined impact of a 14-day quarantine requirement for FIFO staff. read more

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    Shell gets green light for huge Crux backfill project

    Shell gets green light for huge Crux backfill project

    SHELL Australia has been granted approval by the national oil and gas regulator for development of its massive Crux field offshore Western Australia, though the company earlier flagged a delay to the development thanks to pandemic and oil price concerns.

    Paul Hunt: Senior Journalist: Oil & Gas, Policy. 05 August 2020

    The 2 trillion cubic feet Crux gas field project will be the source of backfill for the Prelude floating LNG vessel, which has not sent a cargo since February.

    The development will consist of five subsea production wells tapping into the northern Browse Basin, which will then be tied back to an unmanned platform. read more

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    Shell Signs Charter Contracts for Six Newbuild LNG Carriers

    Shell Signs Charter Contracts for Six Newbuild LNG Carriers

    BY THE MARITIME EXECUTIVE 08-03-2020 04:29:49

    Shell Tankers (Singapore) Private Limited (“Shell”) has agreed long-term charter contracts for six newbuild liquefied natural gas (LNG) carriers.

    Shell has signed separate agreements for two LNG ships each with affiliates of Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management.

    The state-of-the-art 174,000 cbm LNG ships will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries. They will all be equipped with efficient dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power. The design and addition of energy efficiency technologies will give these ships the best emissions performance in their class. read more

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    Shell avoids loss with strong trading, wipes $17 billion off assets

    Shell avoids loss with strong trading, wipes $17 billion off assets

    Ron BoussoShadia Nasralla: JULY 30, 2020

    LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.

    Shell had warned last month it was set to slash the value of its oil and gas assets by up to $22 billion as the coronavirus crisis hollowed out energy demand.

    “Shell has delivered resilient cash flow in a remarkably challenging environment,” CEO Ben van Beurden said in a statement on Thursday. 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

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    Shell eyes $2.2 billion divestment from giant Indonesia gas project

    Shell eyes $2.2 billion divestment from giant Indonesia gas project

    Shell is pushing ahead with plans to divest its share of the giant Abadi LNG project in the Masela Block offshore Indonesia. Its 35% stake is valued at $2.2 billion, data from Rystad Energy shows. But, despite the block’s close proximity to Asian demand markets, it will be tough to find buyers for one of the world’s largest undeveloped gas resources, potentially leaving the project in limbo.A spokesperson for Indonesian upstream regulator SKK Migas told local media on 6 July that the Anglo-Dutch supermajor had decided to exit the proposed project due to the low oil price environment and development delays caused by the COVID-19 pandemic.

    Similar rumours about Shell’s exit emerged in early 2019, but Inpex, the Japanese operator of the Masela Block, subsequently won approval for a new development plan, including additional fiscal incentives to enhance the project’s economics, Andrew Harwood, Asia Pacific research director at Wood Mackenzie, told Energy Voice.

    However, “there is more substance behind the news this time, with Shell’s recent decision to write-down the value of its upstream portfolio perhaps signaling a wider portfolio review,” added Harwood. read more

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    US sanctions trying to stop Nord Stream 2 are unacceptable – German Foreign Office

    1 JUL, 17:49

    US sanctions trying to stop Nord Stream 2 are unacceptable – German Foreign Office

    Minister of State at the Federal Foreign Office Niels Annen pointed out that, in addition to German, French, Dutch, and Austrian companies, as well as services, in particular, certification and supervision, may be at risk of restrictive measures

    BERLIN, July 1. /TASS/. Possible new US sanctions against Nord Stream 2 are aimed at halting the project’s implementation, which complies with EU legislation, and therefore unacceptable, Minister of State at the Federal Foreign Office Niels Annen said on Wednesday.

    “It would block a commercial project, which is being implemented on the basis of EU law,” he said. “The position of the German government on this issue is unequivocal: extraterritorial sanctions are a blatant interference with EU sovereignty. It is obvious that the US side is trying to unilaterally stop the project,” Annen said. He pointed out that, in addition to German, French, Dutch, and Austrian companies, as well as services, in particular, certification and supervision, may be at risk of restrictive measures. read more

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    Coronavirus Takes a Toll on Shell Imposing $15-$22B Write-Offs

    Coronavirus Takes a Toll on Shell Imposing $15-$22B Write-Offs

    Zacks Equity Research: Zacks Royal Dutch Shell RDS.A recently provided an update on second-quarter 2020 guidance, envisioning its post-tax impairment charges between $15 billion and $22 billion. This hefty write-down comes as the coronavirus and associated demand deceleration wipe billions off the oil and natural gas asset value. Recently, Shell’s continental rival BP plc BP management confirmed that it anticipates taking impairments to the tune of $17.5 billion in the second quarter of 2020.

    What Does the Record Write-Down Imply?

    The energy industry, grappling with the twin demerits of oversupply and low pricing, expects the weak macro environment to persist. Companies like Shell and BP are carrying assets on their balance sheets that were purchased/developed at a time when commodity prices were materially higher than the current figures. As the market deteriorates, the operators are ultimately forced to take write-offs. read more

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    OPL 245: Fresh Charges Against Malabu Oil and Gas Limited

    EFCC drops Adoke from key OPL 245 case, files fresh charges against Malabu

    The Economic and Financial Crimes Commission (EFCC) has arraigned Malabu Oil and Gas Limited on fresh charges of money laundering in the OPL 245 deal of 2011.

    July 02, 2020

    Malabu, alongside Aliyu Abubakar, a businessman, and six other companies were arraigned on a 48-count charge before Iyang Ekwo, judge of a federal high court in Abuja.

    The companies listed in the charge are: A-Group Construction Company Limited, Rocky Top Resources Limited, Mega Tech Engineering Limited, Novel Properties and Development Company Limited, and Carlin International Nigeria Limited. read more

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    Shell secures biogas supply as part low-carbon shift

    Shell secures biogas supply as part low-carbon shift

    JUNE 30, 2020 / 8:35 PM

    COPENHAGEN (Reuters) – Royal Dutch Shell said on Tuesday it has agreed to buy renewable gas, known as biomethane, from Denmark’s Nature Energy, in what the smaller company termed the largest deal of its kind.

    The gas will be supplied to Europe’s pipeline network from July 1. The size and financial details of the contract were not disclosed.

    In April, Shell laid out the oil and gas sector’s most extensive strategy yet to reduce greenhouse gas emissions to net zero by 2050. read more

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    Big Oil’s Nightmare Is Coming True

    By Nick Cunningham – Jun 30, 2020, 5:00 PM CDT

    Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as it takes a dim view of the state of the oil market. The move adds more evidence to the notion that a huge slice of oil reserves will wind up as stranded assets.  Shell cut its Brent oil prices forecast from $60 per barrel to $35 for this year, and lowered its 2021 and 2022 forecasts to $40 and $50 per barrel, respectively, down from $60 previously. The lower outlook reflects the expected damage to the oil market due to the coronavirus and the negative impacts on the global economy, Shell said. read more

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    Big Oil’s Long Bet on Hydrogen Offers a Climate Lifeline

    Big Oil’s Long Bet on Hydrogen Offers a Climate Lifeline

    Bloomberg News: Will Mathis and Akshat Rathi: June 25, 2020 6:06 AM EDT: Last Updated June 25, 2020 8:48 AM EDT

    (Bloomberg) — On particularly cold winter days, the vast majority of the U.K.’s energy comes from burning natural gas. That arrangement will have to change radically–and soon–if the country is to hit its legally mandated target of net-zero emissions by 2050. As other countries adopt similar targets to align with the Paris climate agreement, they too will have to find an alternative to natural gas. That leaves fossil fuel companies with a ticking clock.

    Hydrogen burns cleanly, leaving only water behind. That’s made it an attractive alternative fuel source–not just for governments looking to satisfy climate mandates, but also for oil companies trying to ensure their continued relevance. Oil-and-gas majors such as Shell, Equinor, and BP have spent tens of millions of dollars on pilot projects. Now in the face of record-low oil prices, frozen international travel, and growing shareholder unease over greenhouse gas emissions, investing in hydrogen has taken on a new urgency. read more

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    Shell Foresees LNG Market Rebounding From Coronavirus Lows

    Zacks Equity Research: Zacks

    Shell Foresees LNG Market Rebounding From Coronavirus Lows

    Shell & LNG

    Shell became the largest LNG producer in the world following the acquisition of BG Group Plc in 2016, which boosted its portfolio of supply contracts and stakes in LNG plants around the world. In fact, in the recently-released quarterly report, Shell’s earnings per ADS of 74 cents outperformed the Zacks Consensus Estimate of 51 cents on higher LNG sales volumes.

    Coronavirus Hurts LNG Volumes

    Over the past few months, the oil and gas industry has been in shambles, thanks to the coronavirus pandemic that shook most sectors until now. Global fuel demand is visibly dented in the aftermath of large-scale travel bans imposed globally. As a result, the outlook for all the industries in the energy sector business is downbeat. read more

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    Shell boss ‘bothered’ by depiction of firm as ‘unwelcome player’ in energy transition

    Shell boss ‘bothered’ by depiction of firm as ‘unwelcome player’ in energy transition

    Royal Dutch Shell Plc had been turning out about 2.7 million barrels of oil each day until the novel coronavirus took hold of the world.

    By Bloomberg: 09/06/2020

    Demand for oil, the company’s core product, dropped almost a third in April, and the price of West Texas Intermediate briefly dipped into negative numbers for the first time.

    It’s not easy to run an oil major when people suddenly stop needing oil.

    Chief Executive Officer Ben van Beurden responded by slashing spending and cutting Shell’s dividend for the first time since World War II. read more

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