S&P Global Platts: India CEO Series: Shell aims to expand retail oil, LNG footprint in India

• AuthorSambit Mohanty
• EditorDebiprasad Nayak
• LNG | NATURAL GAS | OIL
• 04 Sep 2019 | 06:33 UTC

HIGHLIGHTS

Doubles presence in retail oil segment in two years

Hazira LNG deal to help create integrated value chain

Investing in biofuels, solar in new energy push

New Delhi — Shell is pushing ahead with its ambitions to grow its retail oil network in India where growth prospects look promising, while working towards expanding its footprint in the fast-growing LNG market, country chairman Nitin Prasad told S&P Global Platts in an interview.

The country’s growing energy needs has given Shell a huge opportunity to grow its presence not only in the conventional energy space, but has also opened up a window of opportunity to explore new energy initiatives, he added. read more

Shell India invests in $7.7 million in biomass firm

AUG 30, 2019

Shell India has made a $7.7 million (€6.9 million) investment in a local biomass firm. Punjab Renewable Energy, backed by Neev Fund and responsibility, will use the fresh investment to expand its business in the bioenergy sector.

The company was established in 2011 and is involved in the collection, processing, storage and supply of biomass including paddy straw, cotton stalk, soya husk, maize cob and mustard stalk, which it provides to clients for energy or conversion into biofuels, according to a report by VCCircle. read more

NEW YORK — A 40 billion Canadian dollar ($30 billion) project in British Columbia led by Royal Dutch Shell is on track to start exporting liquefied natural gas to Asia as early as 2024, having received a significant financial boost from Canada’s federal government.

Ottawa will provide C$275 million in subsidies to help finance the LNG Canada export project, whose partners include Malaysian state-owned oil company Petronas, Japan’s Mitsubishi Corp. and two other Asian energy companies. read more

Rooftop solar at Shell units in Europe, Asia to generate 7,500 MWh a year

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

August 06, 2019, 07:42 IST

New Delhi: Lubricants major Shell on Monday said it is installing solar photovoltaic panels on the roofs of seven of its plants in India, China, Italy, Singapore and Switzerland, which would generate 7,500 MWh of power annually.

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

Combined, they are expected to generate over 7,500 megawatt hours (MWh) of electricity a year, it added. read more

Shell buys out Total’s 26% stake in Hazira LNG and Port

Shell Gas, a subsidiary of Royal Dutch Shell plc, acquired 26% equity interest in the Hazira LNG and Port from Total, to complete the acquisition. We did not disclose the financial consideration for the deal.

“The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions,” Shell said in the statement. read more

Shell plans opening 1,200 retail stations in India in 10 years

Terming it as one of the “most largest expansions” ever planned by Shell, he said “each one of those stations can easily accommodate about 100 workers. Simply put, one lakh jobs will get created…”

These retail stations, in turn, will trigger several other jobs in terms of infrastructureNSE -2.22 % building to supply those stations with fuel and retail products, he said.

“The infrastructure creation for supplying fuels and lubricant products to these retail stations could easily generate thousands of jobs,” Prasad told here at an event organised by the company here. read more

Summary

• Shell declared an income of $13.4 billion compared to $4.8 billion in 2016.
• Merger with BG was a game-changer for Shell.
• Shell has now positioned itself as an energy company that is ready to embrace new challenges.

Headquartered in the Hague, Netherlands, Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has established itself as one of the most prominent oil and gas companies in the world. Although the last few years have been tough for the energy giant, Royal Dutch Shell has now started making the right moves, which will reap benefits in near future.

In its recently published Annual report for 2017, Shell declared an income of $13.4 billion compared to $4.8 billion in 2016. Although it must be noted that high oil and natural gas prices contributed to this yearly gain, a year-on-year increase of 279% is commendable. read more

By Chris Tomlinson March 9, 2018

Coal is too dirty. Oil is too messy. And renewables are too intermittent. But natural gas is just right.

Energy companies of every stripe have fallen in love with the stepchild of fossil fuels. No longer considered an annoying byproduct of oil drilling, natural gas’ multiple applications and relative cleanliness guarantee it a place in the future energy mix.

The CEO of French energy giant Total, Patrick Pouyanné, joked that he runs a gas and oil company, rather than oil and gas, during his appearance at CERAWeek by IHS Markit, the annual energy conference in Houston. Every major international energy company in the world is emphasizing gas over oil. read more

Jessica Jaganathan: 9 MARCH 2018

SINGAPORE (Reuters) – Royal Dutch Shell is planning to build a truck loading facility at its Hazira liquefied natural gas (LNG) terminal on India’s west coast as it looks to meet demand from industrial users, a top company official said on Friday.

The facility, which could be ready by next year, will be used to supply industrial demand through trucking in places that can’t access supply from the grid, said Steve Hill, executive vice president at Shell Energy.

“It has a big potential growth … in India because energy supply reliability is a big issue in India,” he said at a media briefing in Singapore, referring to LNG being transported in trucks to industrial users.

“There hasn’t been as much supply infrastructure in place, but some of the import terminals are now putting the truck loading facilities in place so that’s opening up that option.”

LNG trucking works well for locations off-grid, with China and India the two obvious markets, Hill said. read more

Forecasters at Royal Dutch Shell, the Anglo-Dutch oil major, have predicted that global oil demand could peak within a decade as electric cars and other clean energy technologies gain larger market shares.

March 5, 2018 Updated: March 5, 2018 8:42pm

Houston’s energy industry, which drives the local economy, has much brighter days ahead as global oil demand climbs, shale production booms and U.S. crude grabs larger shares of global markets, according to forecasts, industry officials and analysts.

The United States is already pumping oil at record levels above 10 million barrels a day, surpassing Saudi Arabia, and may take over from Russia as the world’s production leader by the end of 2018. Over the next five years, daily U.S. production is expected to climb 3.5 million barrels, or 35 percent, to more than 13 million barrels, according to a forecast by the International Energy Agency, which monitors the global oil industry. read more

Shell is said to be looking to buy a ‘significant stake’ in Fourth Partner Energy, a rooftop solar power firm, and may even acquire it

New Delhi: Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad-based rooftop solar firm Fourth Partner Energy, two people aware of the development said.

Shell is looking to buy a “significant stake” in Fourth Partner Energy, said one of the two people cited above, requesting anonymity. The second person said Shell is looking to acquire a majority in the firm.

Shell’s interest in Fourth Partner Energy comes amid the central government’s ambitious plans to set up 175 gigawatt (GW) of clean energy capacity by 2022. Of this, 40GW is to come from rooftop solar projects. read more

Istvan Kapitany, head of Shell’s global retail business

By Kevin Orland: 9 February 2018

(Bloomberg) — While many oil producers are stepping back from their retail operations, Royal Dutch Shell Plc is doubling down.

Shell, which has about 44,000 filling stations around the world, opened its first one in Mexico last year, the start of $1 billion in investments over the next decade. Shell also is ramping up spending in China, India, Indonesia and Russia, Istvan Kapitany, head of Shell’s global retail business, said in an interview in Calgary. read more

Once upon a time, it was only Elon Musk making shoot-for-the-stars statements about the glittering future of electric cars. Now, even the most sober of his rivals are getting in on the act. Chongqing Changan Automobile Co. and BAIC Motor Corp., China’s fourth- and fifth-largest automakers, announced in October and this month that they’ll end deliveries of petroleum-powered cars by 2025. A target for hybrids and electric vehicles to be 90 percent of Geely Automobile Holdings Ltd.’s sales by 2020 is still on track, according to a company presentation last week, despite making up about 1.5 percent of the total in the first half. read more

Exxon Mobil (NYSE:XOM), BP, Royal Dutch Shell (RDS.A, RDS.B) and other oil companies are spending millions of dollars per year working with automakers including Ford (NYSE:F) and Fiat Chrysler (NYSE:FCAU) to improve the internal combustion engine and help it compete with electric vehicles, WSJreports.

The companies are hoping new, thinner lubricants will help squeeze even more efficiency out of traditional car engines, allowing them to comply with stricter environmental rules and remain relevant as new technologies such as zero-emission electric vehicles emerge. read more

REUTERS STAFF: NOVEMBER 6, 2017 / 7:00 AM

* Asphalt, plastics, chemicals to sustain demand, Shell says

* Shell to double chemicals business by mid-2020s

* Downstream highly independent from oil prices – Shell’s Abbott 

By Ron Bousso and Dmitry Zhdannikov

LONDON, Nov 6 (Reuters) – While the world braces for the electric-vehicle revolution, Royal Dutch Shell is betting on growing appetite for asphalt and plastics to sustain its century-old oil refining business for the coming decades. read more

2017 October 5 15:37

Gazprom and Shell have confirmed their interest in implementation of the Baltic LNG project, IAA PortNews correspondent cites Aleksandr Medvedev, Deputy Chairman of the Board, Gazprom, and Maarten Wetselaar, Integrated Gas and New Energies Director, Shell, as saying at the 7th St. Petersburg International Gas Forum (SPIGF-2017).

“Baltic LNG project will develop and we are participating in it financially”, said Maarten Wetselaar.

According to Shell, global LNG demand is 265 mln t per year and its growth prospects are good, particularly due to the markets of China, India and other Asian countries. read more

September 20, 2017, 01:35:00 PM EDT By Zacks Equity Research, Zacks.com

Per Reuters, integrated oil and gas company, Royal Dutch Shell plc RDS.Aintends to increase its marketing operations in Asia region. The company’s effort to de-carbonize the energy system was reconfirmed as it targets to attain 20% of its global fuel station sales from electric vehicles recharging and fuels with a lower level of carbon by 2025.

Expanding Asia Operations

The oil major has 43,000 fuel stations in 80 countries and is now trying to reach the fuel markets of China and India, the two most populous countries in the world with high demand for energy. Shell is also eyeing the Indonesian fuel market. The company believes there will be continued growth in the Asian market over the next decade. read more

By Tsvetana Paraskova – Sep 12, 2017, 12:30 PM CDT

Shell—one of the oil majors that is increasingly betting on natural gas and low-carbon fuels—is targeting 20 percent of its global fuel station sales to come from electric vehicles recharging and low-carbon fuels by 2025, John Abbott, Downstream Director at Shell, told Reuters in an interview published on Tuesday.

While Shell plans to expand fuel stations in China, India, and Mexico—where it sees growth in this market over the next decade—it would continue to focus on meeting demand for cars running on fuels alternative to gasoline and diesel, Abbott said. read more

SEPTEMBER 12, 2017

* Shell is world’s biggest fuel station operator

* Pilot projects to recharge cars in Europe, California

* Company sees fossil fuel growth in China, India, Mexico

* Focus on downstream earnings as crude price falls 

By Ron Bousso and Dmitry Zhdannikov

LONDON, Sept 12 (Reuters) – Royal Dutch Shell aims to expand marketing operations in Asia and wants 20 percent of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025, as the world shifts away from crude.

The Anglo-Dutch firm, with 43,000 fuel stations in 80 countries, aims to expand in China and India, as well as Mexico, where it sees fossil fuel growth in the next decade, John Abbott, the head of refining, trading and marketing, told Reuters. read more

Tristan R. Brown: 14 August 2017

Summary

• This summer has seen the governments of several of the world’s major economies propose to eliminate internal combustion engine vehicles over the next 10-30 years.
• At the same time, Royal Dutch Shell announced several major clean energy investments over the summer in anticipation of a drop-off in petroleum demand.
• This article looks at how Shell’s clean energy investments fit into its energy profile forecasts compared to its peers.

This summer has been filled with the sort of headlines that can give strategic planners in the petroleum & gas sector heartburn. One-upping Germany’s earlier non-binding pledge to ban new internal combustion engine [ICE] vehicles by 2030, the government of France’s new centrist president Emmanuel Macron announced in early July that the country will end sales of ICE vehicles by 2040. This move, which is part of that country’s efforts to comply with its greenhouse gas emission reduction target under 2015’s Paris Climate Agreement, would eliminate gasoline- and diesel-only engines and is aimed at reducing the country’s air pollution as it is at mitigating climate change. Britain intends to do the same by 2050. Even China and India, which have long been posited as important future sources of petroleum demand, are moving to electrify their vehicle fleets: China recently announced that it wants 25% of the country’s vehicles to be “alternative fuel” by 2025, while India is drafting plans to electrify all of its vehicles by 2030. read more

By Daniel J. Graeber: July 24, 2017

July 24 (UPI) — The Chinese appetite for liquefied natural gas increased more than 30 percent from last year, according to the latest government data.

The Chinese General Administration of Customs reported LNG imports to China increased dramatically as the country looks to rely less on coal for its energy needs. First half demand was up 38.3 percent from last year.

“The growth rate is higher than the 21.2 percent increase registered in the same period last year, partly encouraged by the lowering policy barriers for LNG from the United States to enter the Chinese market,” the official Xinhua News Agency reported. read more

Written by Reporter – 18/07/2017 8:43 am

The dispute over the Panna Mukta oil field when in favour of the Indian Government, the Economic Times reported, citing sources familiar with the matter.

Reliance Industries and Shell have appealed the decision in a UK court, the report said.

The arbitration panel sided with the government in ruling that profit from the fields should be calculated after deducting the prevailing tax of 33%, and not the 50% rate that existed earlier.

The decision will significantly increase the government’s share of profit petroleum. read more

Mumbai: The government has ordered Reliance Industries (RIL), Royal Dutch Shell and Oil and Natural Gas Corp. (ONGC) to pay $3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, Economic Times reported.

“The arbitration panel had upheld the government view that the profit from the fields should be calculated after deducting the prevailing tax of 33%, and not the 50% rate that existed earlier. This will significantly increase the government’s share of profit petroleum. The tribunal also upheld the government’s position that marketing margin should be included in the price of gas, which would also increase its share of profit petroleum as well as a royalty payment,” the ET report said. read more

By Ryan Maye Handy: 8 July 2017

India hopes to sell only electric vehicles by 2030. China is offering incentives to buy electric cars and investing heavily in renewable technologies. Volvo will scrap the pure internal combustion engine in favor of hybrids and electric cars.

And on Thursday, France announced it plans to ban the sale of diesel and gasoline-fueled cars by 2040.

The world’s major oil companies might disagree when global demand for petroleum will peak, but the news of the past seven months suggests that they should be worried, if they aren’t already. Nations, states and private companies are demanding cleaner energy, leaving the world’s oil producers to face a reckoning that many haven’t yet accepted. read more

Pakistan Investigating Shell Contractor’s Tanker Blast That Killed 209

By Saad Sayeed: July 4, 2017, at 9:15 a.m.

ISLAMABAD (Reuters) – Pakistan’s oil and gas regulator expects the first report this week on a road tanker explosion, involving a Shell Pakistan contractor, that killed 209 people, a spokesman for the regulatory authority said on Tuesday.

The June 25 explosion took place after the oil tanker went off road to avoid a collision outside the eastern city of Bahawalpur.

A large crowd of people gathered around the truck and many began collecting fuel in containers when the tanker exploded in a huge fireball. read more

Royal Dutch Shell Plc is turning to India’s textile, cement and steel factories as it seeks to expand demand for its natural gas.

The Hague-based energy giant has set up a team of about six executives to identify small businesses that use dirtier fuels like coal and convince them to switch, according to Ajay Shah, a vice president with the company’s Asia unit. Shell, which will import the fuel as liquefied natural gas, is betting these users will account for a significant part of India’s gas demand growth, which it estimates will expand fivefold in 15 years. read more

Shine Jacob  |  New Delhi  June 22, 2017 Last Updated at 15:47 IST

Global oil major Royal Dutch Shell says that India may see at least six times growth in Indian gas market by 2030 from the current levels. It adds that liquefied natural gas (LNG) may be the largest contributor to it. The prediction comes at a time when India is trying to increase the share of gas in the overall energy mix to over 15 per cent by 2030. read more

by Saket Sundria and Debjit Chakraborty: 5 April 2017, 11:46 BST

Royal Dutch Shell Plc plans to boost its gas marketing business in India and may expand its import capacity for the fuel as it seeks to tap the country’s demand-growth potential.

The Anglo-Dutch company is aiming to sell imported natural gas directly to users such as power utilities, fertilizer makers, petrochemical plants and city gas distributors, said Shaleen Sharma, head of upstream development in India. Shell has also set up a team in Singapore to look for opportunities to ship more liquefied natural gas to India, he said. read more

Ayan Pramanik: April 3, 2017

European oil and gas company Royal Dutch Shell has decided to discontinue its earlier proposal for a floating liquefied natural gas (LNG) import terminal off the Kakinada coast in Andhra Pradesh. The company said ample research had showed lack of adequate demand for liquid gas. “We have put a pause on that project. We worked closely with our partners and engineers and took it to the point where our engineering work was done and we were ready to go. We looked around (but) there was not enough demand. We cannot just spend hundreds of millions and do nothing. So, life … read more

By REUTERS: PUBLISHED: 13:13, 31 March 2017

By Arathy S Nair and Tanvi Mehta

March 31 (Reuters) – Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India’s west coast to 10 million tonnes a year, a top company executive said on Friday.

Shell Gas B.V, a unit of Royal Dutch Shell Plc, owns a 74 percent stake in Hazira LNG Ltd, while Total Gaz Electricite France, a unit of France’s Total SA, holds the rest.

“We’ve done all the work, now it’s sort of taking a look at when is the right timing in terms of demand that’s available,” Nitin Prasad, chairman of Shell Companies in India, told Reuters, without giving a timeline for the expansion. read more

by  Rigzone Staff | Friday, March 31, 2017

Royal Dutch Shell plc has opened a new major technology hub in Bangalore, India, which can house up to 1,500 workers.

Expanding its R&D activities in Asia, Shell Technology Center Bangalore (STCB) will bring together R&D staff who previously worked at separate locations in the region.

By housing all R&D staff in Bangalore in one center, the technology hub will create new opportunities for multidisciplinary collaboration, and drive relevant and affordable innovations, Shell said in a company statement. read more

The Telegraph: Shell defies doubters by predicting boom for liquefied natural gas

Jillian Ambrose: 20 FEBRUARY 2017 

Royal Dutch Shell has brushed off concern that the burgeoning market for liquefied natural gas is already oversupplied, after paying £36.5bn to buy market leader BG Group.

Shell’s first outlook report for LNG since the tie-up has predicted a market boom as demand from countries including China and India which will outpace the string of new project start-ups.

The market for LNG imports has already grown considerably in recent years but market commentators have raised fears that an explosion of new projects might flood the market. A deluge of LNG could push down prices just as Shell works to pay down the heavy cost of the tie-up. read more

NEW DELHI, January 16, 2017 /PRNewswire/ —

– Shell Calls for Entries to #makethefuture Accelerator India at www.shell.in

– Top 3 Finalists to be Part of Shell Make the Future Singapore Festival 

– Winner Will Receive ₹ 10 lakh in Prize Money, Coaching and the Opportunity to Further Develop Their Idea 

– 10 Semi-finalists to Get a Chance to Showcase Their Ideas to Industry Experts at Shell Technology Centre Bangalore 

– Registrations Open Between 16th January to 3rd  February read more

$15b Indian loan: Little meat in the bone

By Sonny Atumah

It  appears the proposed Nigeria US$15 billion facility from India may be a loansharking. The loan would be repaid with long term contract to supply crude oil to Indian Public Sector Undertakings, PSU (government owned corporations) that are mostly engaged in refining of petroleum products and in petrochemicals. The deal may also be in refining, executing City Gas Distribution, CGD, and Liquefied Petroleum Gas, LPG infrastructure projects by Indian PSUs.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu with his Indian counterpart in charge of Petroleum and Natural Gas, Shri Dharmendra Pradhan are putting thoughts on paper in a memorandum of understanding, MOU to be firmed up at the PETROTECH 2016, the 12th biennial International Oil and Gas Conference and Exhibition at the Vigyan Bhavan in the Indian National Capital Territory, Delhi from December 5-7, 2016. read more

by Golnar Motevalli, Anthony Dipaola and Hashem Kalantari: November 28, 2015: Bloomberg.com

• Shell, Total, Lukoil interested in specific Iranian fields

• Iran seeks to sign first oil development deal in March, April

Total SA, Royal Dutch Shell Plc and Lukoil PJSC are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder of the world’s fourth-largest crude reserves presents $30 billion worth of projects to investors.

Total is one of the companies that have been in the forefront of discussions and Eni SpA is also looking to invest, Oil Minister Bijan Namdar Zanganeh said. Shell, Total and Lukoil all specified fields they would be interested in developing in Iran, Ali Kardor, deputy director of investment and financing at National Iranian Oil Co. said in an interview in Tehran. read more

By Jessica Morris: 25 November 2015

Energy companies risk wasting $2.2 trillion (£1.46 trillion) on uneconomic projects over the next 10 years, according to a new report.

Think tank the Carbon Tracker Initiative’s (CTI) report how fossil fuel firms risk destroying investor returns says energy companies’ focus on fossil fuels at the expense of emerging clean technologies could put them out of kilter with environmental regulation, which will eventually dampen demand.

It comes ahead of next week’s Paris Climate Change Conference (COP21) which is expected to result in, or at least pave the way for, more climate change legislation. read more

Shell expects LNG demand to rise by 5% every year over the next couple of decades while global gas demand is growing at 2%

By: Siddhartha P Saikia | Singapore | September 25, 2015 5:39 AM

Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, is targeting to grab a bigger share of the growing demand for imported gas in India. The Hague-based global energy giant is planning to set up a floating LNG facility on the east coast — at Kakinada in Andhra Pradesh.

Recently, Andhra Pradesh Gas Distribution Corporation (APGDC), GDF Suez, Shell and GAIL have signed a memorandum of understanding (MoU) to set up a floating LNG terminal with an initial capacity of 5 mt, which could be doubled at a later stage. “We have been very constructively working on the project (LNG terminal) on the east coast. We really believe in the India gas market,” said Maaten Wetselaar, executive vice present for Shell Integrated Gas in Singapore. read more

RIO DE JANEIRO | BY MARTA NOGUEIRA: 18 Aug 2015

Brazil’s National Petroleum Agency (ANP) ruled that Royal Dutch Shell (RDSa.L) and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output.

Shell owns 50 percent of Parque das Conchas, its main Brazilian asset. Qatar’s state oil company Qatar Petroleum [QATPE.UL] owns 23 percent and India’s ONGC (ONGC.NS) owns 27 percent. read more

The oil major Royal Dutch Shell owes Tehran $2.8 billion while it made a net loss of $6 million trading Iranian oil in 2012.

TEHRAN, Jul. 26 (MNA) – Iran’s Central Bank and National Oil Company released the list of companies and refineries owing oil dues to Iran.

During the period US and European sanctions prevented international banks from transferring money to the Islamic Republic, billions of Iran’s oil revenues were frozen in banks overseas.

In a joint statement released by the Central Bank of Iran (CBI) and the National Iranian Oil Company (NIOC) the oil giants and refineries owing to Iran were listed, in which some Greek refineries, British-Dutch-owned Shell refineries, BP, South Korean Petrochemical and Polymer Company, along with Indian refineries top the list of Iran’s oil debtors. read more

By Sanjeev Choudhary, ET Bureau | 8 Jun, 2015

NEW DELHI: Royal Dutch Shell Plc is bullish about India’s gas market and may re-enter the upstream business in the country if the government offered a stable policy and an open acreage licence to explorers, senior company executives said.

“We would continue to look at upstream opportunities in India,” said Harry Brekelmans, projects & technology director and a member of the top executive committee at Shell. “At the moment, we have not been able to see anything that is attractive .. read more

Article by  BusinessInsider.in published 5 June 2015 under the headline:

Coming up! The Shell IT Centre Bengaluru

Global energy giant Shell has chosen Bengaluru for setting up its largest captive unit or global offshore delivery centre. The unit would provide more than 5,000 jobs in the Silicon Valley.

As per an Economic Times report, the new in-house global information technology centre, The Shell IT Centre Bengaluru, would be used to provide IT services to Shell’s businesses including upstream oil and gas production, marketing and other projects.

“The company has a large IT set-up in Malaysia, US and UK and will be moving all its global IT jobs to Bengaluru,” said two people in direct knowledge of the development. read more

LONDON –  Royal Dutch Shell PLC’s (RDS.A) planned $70 billion acquisition of BG Group PLC would create a giant operator of liquefied-natural-gas vessels, offering owners that charter the ships more opportunities for lucrative, long-term contracts in an otherwise-depressed shipping industry.

“The merger offers owners more flexibility and better utilization of their fleets, which could mean long-term leases offering steady income,” said Ted Petropoulos, head of Athens-based Petrofin Research. “It’s also a defensive move to secure market share as more players come into the market.” read more

KUALA LUMPUR, March 17, 2015: 

Around 850 jobs could be at stake at Shell offices in Cyberjaya as the Anglo-Dutch oil major consolidates its IT functions at a new base in Bangalore, India.

While no decision has yet been made, a senior officer dropped this bombshell during a town hall meeting with staff in Cyberjaya late last month, said sources.

The Bangalore move could also affect some 1,000 third party contractors if they are unable to relocate to India, the sources said.

The Shell Technology Centre Bangalore (STCB) is to be one of the three global hubs for technology, after Houston and Amsterdam for the energy group.

“By the end of 2010, STCB employed around 700 professionals and has plans to grow to about 1,500 in the near future. Recruitment at STCB is currently focused on graduates in India and experienced Indian professionals,” Shell Global said at its website.

Given this focus, chances are staff now employed at Cyberjaya may find it difficult to be relocated to Cyberjaya, said the sources, and will probably have to look for new jobs here. read more

New Delhi: Global energy giant Shell on Wednesday announced setting up of a global information technology center at Bengaluru to provide IT support to all its business verticals.

“Shell plans to begin operations at the centre later this year,” the company said in a statement here.

The centre will provide IT services to all of Shell’s businesses upstream oil and gas production, downstream refining and marketing and projects & technology as well as associated support functions. Without giving investment details, the statement said Shell India Markets Pvt Ltd will create the in-house centre, “which is expected to provide employment opportunities for several thousand IT professionals by 2020”. read more

Bidness Etc discusses the ruling by an Indian court in a transfer-pricing case against Shell and its impact on future foreign investment in the country

Published: November 19, 2014 at 12:26 pm EST

By: Micheal Kaufman

The Bombay High Court has ruled in favor of Royal Dutch Shell plc (NYSE:RDS.A) in a high-tax profile case, which could pose a hurdle to the Indian government’s plans on bringing in foreign investment and much-needed revenue.

The ruling was announced on Tuesday, after Indian authorities claimed tax money paid to transfer shares of Shell. The court has not released a written judgment yet.

The judgment can negatively impact India’s image, which might cause leading foreign companies to hesitate to invest in India. Indian Prime Minister Narendra Modi can intervene and reverse the ruling. read more

The Financial Times is reporting:

“Royal Dutch Shell has won a significant victory in its long-running $3bn battle with India’s revenue authorities, in a judgment with implications for dozens of tax disputes involving multinational companies in Asia’s third-largest economy.”

The Narendra Modi government may appeal the decision to the supreme court of India.

Also Reuters Report: Shell wins India tax case

Extract from a Reuters article published 26 May 2014

May 26 (Reuters) – Global energy major Royal Dutch Shell is in talks with the Andhra Pradesh state government for buying up to 24 percent stake in the planned Kakinada liquefied natural gas project on the east coast, GAIL chairman B.C Tripathi said on Monday.

FULL ARTICLE

Extracts from a review by Danny Chivers of the recently published book by retired Royal Dutch Shell Group Chairman Sir Mark Moody-Stuart: “RESPONSIBLE LEADERSHIP: Lessons from the Front Line of Sustainability and Ethics”

Article originally published under the headline:

“If this is responsible leadership, then I’m an Ogoni”

Reading this book was a strange experience. It was like stepping into a parallel Universe where extractive industries bring overwhelming benefits to communities around the world, with the only negative consequences being caused by corrupt local governments. Again and again throughout the book, Moody-Stuart seems to wilfully ignore the unequal power relations between multinational corporations and the people in whose lands they operate. Perhaps the element of the book that made me angriest was Moody-Stuart’s insistence, in relation to Nigeria and elsewhere, that Shell “did not get involved in local politics”. This ignores the wealth of evidence showing collusion between the company and Nigeria’s military regime that led to a landmark payout of $15.5 million by Shell to the families of nine executed Nigerian activists. read more

Extract from an article published 10 April 2014 by ZeeNews.India.com

New Delhi: Dr Mike Watts, the man credited with discovering India’s largest onland oil field in Rajasthan, will step down from the board of Cairn Energy plc in mid-May.  He saw oil in the Thar desert when Royal Dutch Shell could not and bought out the supermajor in block RJ-ON-90-1 for USD 7.25 million. read more

December 30, 2013

RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, said late Monday that it had completed the sale of a 35% stake in an offshore oil field to partners Royal Dutch Shell PLC and India’s ONGC Videsh.

With completion of the deal, Shell raises its stake to 73%…

FULL ARTICLE

Shell Completes Acquisition of Additional 23% Interest in BC-10 Project

Tuesday, December 31, 2013

Royal Dutch Shell plc announced Monday that it has completed the acquisition of an additional 23 percent interest in the Parque das Conchas (BC-10) project offshore Brazil for $1 billion.

Regulatory approvals have been obtained and Shell will now hold a 73 percent operating interest. The purchase is effective Jan. 1. Partner ONGC, previously holding a 15 percent working interest, will now hold a 27 percent working interest. This purchase is the result of pre-empting a third party’s bid for Petrobras’ 35 percent interest in BC-10. read more