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Shell Vows Not To Return Pumping Oil In Troubled Nigerian Region

Earlier this month, a Dutch court ruled that it had the jurisdiction and would hear a damages lawsuit against Shell brought by the widows of activists executed by Nigeria’s government after the protests in Ogoniland in the 1990s.

By Tsvetana Paraskova May 27, 2019, 4:00 PM CDT

The Nigerian unit of Royal Dutch Shell doesn’t have any plans to return to exploring or producing oil in Ogoniland in Nigeria’s Rivers state after it ceased operations there in the 1990s, Igo Weli, General Manager, External Relations, at the Shell Petroleum Development Company (SPDC) said this weekend at the release of Shell Nigeria’s 2019 Briefing Notes.

SPDC, as operator of the SPDC Joint Venture, carried out exploration and production operations in Ogoniland from the 1950s until the early 1990s. Production ceased in 1993 following a rise in violence, threats to staff, and attacks on facilities, Shell said. read more

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Dutch government to review Groningen gas plans after latest quake

By: , SA News Editor: 22 MAY 2019

A 3.4 magnitude earthquake has hit the northern Dutch region of Groningen in the latest in a series of tremors blamed on decades of gas extraction.

The Dutch government says it will decide in the coming weeks whether the quake should lead to a change in plans to end production from the Groningen field by 2030.

The government has pledged to end production from the field by 2030 and to lower it as quickly as possible in coming years; output is set to fall to 19.4B cm in the year through October 2019, down from a peak of 54B cm in 2013. read more

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Shell in court over Moerdijk blast, faces maximum fine of €2.4m

MAY 15, 2019

The public prosecution department says Shell should pay the maximum fine of €2.4m for the explosion on the Moerdijk industrial estate in 2014 and a further €250,000 for not taking immediate action to halt the leak of a dangerous gas in 2016.

Shell should pay the maximum fine for the explosion because it had not done all it could to prevent the blast taking place, placing both workers and local residents in danger, the prosecutor said at a court hearing in Den Bosch on Tuesday. read more

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Shell, Dutch unions agree to end Pernis strike on Friday

APRIL 25, 2019 / 10:44 PM

AMSTERDAM/LONDON (Reuters) – Dutch trade unions and oil major Royal Dutch Shell have agreed to end a wage dispute which has hit production at the company’s Pernis oil refinery and Moerdijk chemical plants in the Netherlands in recent weeks.

CNV union spokesman Piet Verburg said unions on Friday will advise employees at Europe’s largest oil refinery and the chemical plants to end their strikes, which started on April 8.

“Shell has offered an improved and ultimate proposal for the Collective Labour Agreement (CLA) for Pernis and Moerdijk to the unions,” a Shell spokesman said late on Thursday. read more

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Union workers to extend strike at Shell’s Pernis refinery -spokesman

AMSTERDAM, April 16 (Reuters) – Dutch trade union workers decided on Tuesday to extend strike action at Royal Dutch Shell’s Pernis refinery that they said will limit production to 65 percent of capacity, union spokesman Egbert Schellenberg said.

Schellenberg, spokesman for the FNV union, said that in addition to the action at the 404,000 barrel a day Pernis, Europe’s largest refinery, the strike will continue to prevent maintenance at Shell’s Moerdijk facility.

(Reporting by Bart Meijer; Writing by Anthony Deutsch; editing by David Evans) read more

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Strikes impact Shell’s Pernis oil refinery but extent unclear

Strikes impact Shell’s Pernis oil refinery but extent unclear

Ahmad Ghaddar: APRIL 15, 2019 LONDON (Reuters) – Striking workers at Royal Dutch Shell’s Pernis plant in the Netherlands have taken offline a thermal gasoil installation, a Dutch union said on Monday, in the first sign of any impact from industrial action on Europe’s largest oil refinery.

Shell said earlier in the day that the unit had been shut. It later clarified that it had only repeated what the unions had said and would not comment on the status of the refinery.

The refinery, near Rotterdam, has the capacity to process 404,000 barrels per day of oil.

The CNV union also said strike action had disrupted planned maintenance at the adjacent Moerdijk petrochemical site.

A Shell spokeswoman said striking workers were trying to disrupt planned maintenance on the Moerdijk Lower Olefins (MLO) unit. read more

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Shell’s Netherlands CEO to attend parliament panel on tax

AMSTERDAM (Reuters) – The chief executive of Shell’s Dutch business said on Thursday she is willing to attend a parliamentary panel on tax avoidance by multinational companies, but she will not discuss Royal Dutch Shell Plc’s tax filings.

Marjan van Loon had initially declined the invitation, saying it made more sense for the Netherlands’ business association to represent all taxpaying companies.

She then said she would attend the April 18 meeting after Dutch lawmakers insisted that a Shell representative should be present. read more

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Shell faces lawsuit from climate change activists over fossil fuels

APRIL 5, 2019

AMSTERDAM (Reuters) – Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels.

The groups, including Greenpeace and Friends of the Earth Netherlands, handed over a court summons to Shell at its headquarters in The Hague, demanding it stop extracting oil and gas and cut its greenhouse gas emissions to zero by 2050.

“Shell spends billions on oil and gas exploration each year, with current plans to invest just 5 percent of its budget in sustainable energy and 95 percent in exploiting fossil fuels,” the groups said. read more

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Environmental groups to sue Shell over climate change

By Associated Press: April 5 at 7:01 AM

THE HAGUE, Netherlands — Climate activists are planning to deliver a court summons to Shell in a court case aimed at forcing the energy giant to do more to rein in carbon emissions.

The summons is being delivered to Shell’s headquarters in The Hague on Friday afternoon.

The move comes a year after the Dutch branch of Friends of the Earth sent a letter to Shell’s CEO Ben van Beurden accusing the company of “breaching its legal duty of care” by causing climate damage across the globe. read more

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Dutch environmental groups take Shell to court over climate change

April 5, 2019

Environmental activists take Shell to court on Friday to try to stop the Anglo Dutch oil giant drilling for gas and oil, and to ensure it meets climate change targets.

Some 17,000 people and six organisations have signed up to Milieudefensie’s call for co-defendants in the case, which the green group hopes will lead to a judge ‘forcing Shell to stop being a major cause of climate change.’

The 2015 Paris agreement on climate change included a commitment to leave oil, gas and coal in the grounds as much as possible, the lobby group says. ‘These three fuels are major causes of global warning and this is why we have to stop our dependence on them as soon as possible. ‘ read more

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Dutch Shell workers threaten to strike after rejecting labour deal

7 March 2019

AMSTERDAM (Reuters) – Workers at Royal Dutch Shell’s Pernis refinery in the Netherlands might go on strike at the end of the month, after having rejected a proposed labour agreement, Dutch labour union FNV said on Thursday.

Workers at the 400,000 barrels per day refinery will vote on possible action on March 19 and 21, FNV spokesman Egbert Vellenberg said.

(Reporting by Bart Meijer; Editing by Alexandra Hudson)

SOURCE

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The crooks at USB Bank and Royal Dutch Shell

Former Shell CEO Peter Voser is an unlucky man. He had the incredible misfortune to be in charge of the bad guys at both corporate giants, Shell and UBS Bank simultaneously, while presumably being personally innocent of any criminal acts? What are the chances of that happening? The question of managerial negligence, twice-over, must surely be another matter?

By John Donovan

Printed below is an article published yesterday by BBC News reporting that the “Swiss banking giant UBS has been fined €3.7bn (£3.2bn; $4.2bn) in a French tax fraud case.”

The article goes on to say that “Following similar cases in the US in 2009 and Germany in 2014, the bank accepted large fines.”

During the period of criminal activity the then Chief Executive Officer of Royal Dutch Shell Plc – Peter Voser – was paid millions of Swiss francs in his role as a director of UBS AG. He was also a member of the governance and nominating committee and of the strategy committee. read more

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Climate groups threaten lawsuit to force Shell to ditch oil

Updated 0832 GMT (1632 HKT) February 12, 2019

London (CNN Business)Climate activists are preparing legal action aimed at forcing Royal Dutch Shell to exit the oil business.

A coalition of environmental groups in the Netherlands said Tuesday that they will hand over a court summons on April 5 if Shell does not change its business model to comply with the Paris climate accord. read more

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Groningen gas production falling faster than planned -Dutch gov’t

GRAPHIC DOES NOT APPEAR IN REUTERS ARTICLE

FEBRUARY 8, 2019

AMSTERDAM, Feb 8 (Reuters) – Gas production at the Groningen field in the north of the Netherlands is falling faster than planned, the Dutch government said on Friday.

Output at the field will fall to 15.9 billion cubic metres (bcm) in the year ending October 2020, the government said, which is 1.5 bcm lower than originally planned.

The Dutch government last year said it would end production by 2030 and lower it as quickly as possible in coming years, as decades of extraction have led to a series of damaging earthquakes in the region. read more

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Dutch citizens demand end to quake-hit Groningen gas production

Angry Dutch citizens on Thursday will ask their country’s highest court to put an immediate end to gas production in the Groningen region due to the risk of life-endangering earthquakes.

17 Jan 2019 

THE HAGUE: Angry Dutch citizens on Thursday will ask their country’s highest court to put an immediate end to gas production in the Groningen region due to the risk of life-endangering earthquakes.

Decades of extraction from what once was Europe’s largest natural gas field have led to dozens of minor tremors every year, damaging thousands of homes and sparking unrest among locals.

An unusually severe, magnitude 3.4 quake prompted the Dutch government last year to decide to end production by 2030 and to lower it as quickly as possible in coming years. read more

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Henry van der Waerden, the Shell executive who defied Deterding and his Nazi ambitions

Who Killed Henry?: The book title arises from the fact that in 1937, Shell Director for Europe Henry van der Waerden was found dead in mysterious circumstances after receiving a threat from members of the Nazi movement. This was after he had failed to respond favourably to intense pressure from Deterding and the Nazis to do their bidding.

By John Donovan

I was recently contacted by Henry van Buuren, the grandson of Henry van der Waerden, an engineer who held a high-level position at Shell under Sir Henri Deterding. read more

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Dutch court to hear demands next week to end Groningen gas production

Jan. 9, 2019 11:58 AM ETBy: , SA News Editor

The Dutch High Court says it will consider demands on Jan. 17 seeking an immediate end to gas production from the Groningen field, after the government said it would cut output gradually.

The High Court says it received 26 objections to the plan, expressing concerns about seismic risks caused by drilling and demanding an urgent halt in production.

Analysts say the court is unlikely to grant an immediate halt because the Netherlands still depends on Groningen gas for a significant part of its energy supply. read more

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Groningen gas output to drop 75% by 2023, Dutch government says

Dec. 3, 2018 2:45 PM ET|By: , SA News Editor

Gas production at the earthquake-prone Groningen field will drop by at least 75% to below 5B cm/year in the next five years, the Dutch government says, as measures to reduce demand for Groningen gas are working ahead of schedule.

The government decided this year to shut down in 2030 what was once Europe’s largest natural gas field, citing several earthquakes over decades of extraction that damaged thousands of homes and buildings.

Production is set to drop to 19.4B cm in the year that began in October, already down 65% from its peak of 54B cm in 2013. read more

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SHELL HASN’T PAID PROFIT TAX IN NETHERLANDS FOR YEARS: REPORT

Shell has not paid any profit tax in the Netherlands for years, despite earning billions of euros in the country every year, newspaper Trouw reports based on “well informed” sources and a confidential internal document from the Ministry of Finance. 

Over the past decade Shell made profits ranging from 2 billion to 55 billion euros per year all over the world. Most of this was earned abroad, and the company was taxed in the country were the profits were made. In the Netherlands Shell derives income from its head office’s activities, service stations, the chemical plants in Moerdijk, and the refinery in Pernis. All in all Shell made 1.3 billion euros in profit on those activities last year.

According to Trouw’s sources, Shell has two main ways to brush away the profits made in the Netherlands, so as not to pay tax, using legal deductions. Firstly, the company can deduct interest in the Netherlands for loans that are used to invest abroad. And secondly, Shell charges losses suffered from, for example, the search for oil abroad, against the profit made in the Netherlands. Profits made by foreign oil extraction are not taxed in the Netherlands, but the losses made with that oil extraction may be deducted from Dutch profits. read more

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Shell joins Dunkirk offshore wind project consortium for French tender

London — Oil major Shell’s new energy unit has joined a consortium for the 500 MW offshore wind project at Dunkirk to be tendered by the French government in H1 2019.

Shell is already part of a successful consortium that was awarded the 730 MW Borselle 3 and 4 offshore wind tender in the Netherlands at Eur54.60/MWh.

Shell’s New Energy unit plans to invest an average $1 billion-$2 billion per year until 2020 in mainly renewable energy projects, it said.

–Andreas Franke, [email protected] read more

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Dutch government to cut Groningen gas production, eventually to zero

By: , SA News Editor

  • The Dutch government says it expects gas production from Groningen, Europe’s largest onshore field, will fall to 7.5B cm/year by 2022 and drop to zero in the following years.
  • The government also gave its final approval to limit output from Groningen to 19.4B cm/year for the gas year 2018-19, compared to 21.6B cm/year previously.
  • Groningen production is limited due to activity at the site linked to earthquakes in the region, with the government under pressure to enforce further restrictions.
  • Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM).
  • read more

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    Remembering Ken Saro-Wiwa 23 years after brutal killing by Nigerian govt

    Shell is facing a civil suit in Netherland over its alleged complicity in the killing of Mr Saro-Wiwa and the eight other Ogoni activists. The suit was filed on June 28, 2017, by four of the widows of the Ogoni Nine, led by Esther Kiobel.

    10 November 2018

    It is exactly 23 years today since Ken Saro-Wiwa, a playwright, environmental activist and Ogoni leader was brutally executed.

    He was executed on November 10, 1995, by the Nigerian government under the leadership of the then military dictator, Sani Abacha.

    Mr Saro-Wiwa and eight of his kinsmen, who became popularly known as the Ogoni Nine, were sentenced to death by a special military tribunal set up by Mr Abacha who later died in June 1998 inside the presidential villa under mysterious circumstances. read more

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    Shell launching new retail fuel pilot programs in U.S.

    Royal Dutch Shell is the U.S. leader in retail fuel sales and now Shell is launching new American pilot programs so people can fill up almost anywhere or charge their electric vehicles.

    First Shell will pilot its new “Shell TapUp” app-based program in Houston where it will take fueling trucks to its customers to fill their tanks. The program started in the Netherlands and is now coming to the U.S.

    Shell will start offering the service to its employees and to other businesses so vehicles are filled up in their company parking lots. Then, Shell aims to eventually expand to all customers so people can get fuel while they’re shopping at the grocery or dining at a restaurant. Shell won’t come to your house; the goal is to service multiple customers at a time in larger parking lot or garage settings. read more

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    Shell to roll out hydrogen filling stations in the Netherlands

    Shell aims to establish a network of hydrogen filling stations in the Netherlands and expects to roll out four stations by 2020—two in Amsterdam, one in The Hague, and one in Pesse.

    Last update:
    Author: PetrolPlaza Correspondent Daniel Infante Tuaño

    The oil giant wants to play an active role in the Dutch energy transition and is also working on establishing a network of fast charging stations for electric vehicles, reports Gasworld.

    To roll out the hydrogen stations, Shell is availing of a government scheme called the Demonstration Regulation for Climate Technologies and Innovations in Transport (DKTI Transport) of the Netherlands Enterprise Agency, which offers subsidies to low emission transport solutions.

    In addition, Shell’s hydrogen stations are part of the extensive hydrogen project H2Benelux, a project co-financed by the ‘Connecting Europe Facility’ of the European Union. read more

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    The Netherlands Can’t Afford To Keep Its Natural Gas Promise

    By Vanand Meliksetian – Jul 03, 2018, 3:00 PM CDT

    The Netherlands has been the source of cheap energy for northwest Europe for the past decades. The discovery of the Groningen gas field, the 9th largest in the world, provided a reliable source of energy in a period when the oil market was rocked by embargos due to the Yom Kippur War in 1973. The future of the Dutch gas sector, however, looks bleak due to two important developments in 2018: a political decision to reduce production with a timeline to stop entirely until 2030 and a new climate agreement. The Netherlands is preparing to make major changes regarding the role of gas in people’s lives. read more

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    Groningen needs reinforcement: watchdog

    Groningen needs reinforcement: watchdog

    The repair and reinforcement of Dutch homes damaged by gas-extraction earthquakes in Groningen needed to be speeded up, the state supervisor on mines SoDM told economic minister Eric Wiebes.

    RTL Nieuws reported that SoDM found approximately 1,900 homes in the region that, if not reinforced quickly, would no longer meet official safety standards. The distinctly Dutch rules state the risk of someone dying in an earthquake must not be higher than the risk of someone drowning in a flood elsewhere in the Netherlands. read more

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    Shell-Partners consortium ready to build Dutch offshore wind farm

    Shell-Partners consortium ready to build Dutch offshore wind farm

    Reuters Staff: JUNE 28, 2018

    AMSTERDAM (Reuters) – A consortium led by Swiss investor Partners Group and Royal Dutch Shell said it has secured financing for the building of a 1.3 billion euros ($1.5 billion) wind farm in the Dutch part of the North Sea.

    Shell and consortium partners Eneco, Van Oord and Mitsubishi/DGE were awarded the “Borssele 3 and 4” project in December 2016, at what at the time was the Netherlands’ lowest-ever strike price of 54.50 euro cents per megawatt-hour.

    Building of the wind farm, which will have the capacity to power around 825,000 households, will start in the fourth quarter of 2019, with production expected to begin in 2021. read more

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    Gas production at Groningen field falling faster than planned

    Jun. 27, 2018 2:57 PM ET|By: , SA News Editor

    Production at the Groningen natural gas field will come in lower than expected this year as the Dutch government works to end production completely by 2030 in an effort to limit seismic risks in the region.

    Output will have fallen to 19B-20B cm in the year ending October 2018, the Dutch gas sector regulator says, below the original cap of 21.6B cm set for the year and down from 24B cm last year.

    The Groningen field is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM). read more

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    Opposition Lawmaker Demands Probe into Netherlands-Shell Tax Deal

    By Linda A. Thompson: June 27, 2018

    A Dutch opposition lawmaker is pushing the government to launch a parliamentary inquiry into Shell, calls that follow criticism of the oil giant’s past deals with the tax authority.

    Jesse Klaver, the leader of the Dutch Greens, is specifically focused on a 2004 tax ruling the tax authority issued to Royal Dutch Shell Plc. A parliamentary inquiry would be lawmakers’ only shot to question Shell executives about the deal, and would be the latest development in scrutiny of the company’s tax planning. read more

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    Shell, Exxon not to seek compensation for end of Groningen gas production: government

    Shell, Exxon not to seek compensation for end of Groningen gas production: government

    Reuters Staff: Monday June 25, 2018

    AMSTERDAM (Reuters) – Energy companies Royal Dutch Shell and Exxon Mobil will not submit a claim for missed revenue due to the Dutch government’s decision to halt gas production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on Monday.

    “A lot of gas will be left in the ground,” Economy minister Eric Wiebes said at the presentation of his deal with the oil majors responsible for extracting Groningen gas.

    “That gas is the property of the oil companies, but they will not submit a claim and the government is not required to compensate them.” read more

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    Debate Over Netherlands’ Tax Treatment of Shell Heats Up

    June 20, 2018

    By Linda A. Thompson

    Practitioners are divided over whether an agreement between Shell and the Dutch tax administration breaks EU government aid rules.

    The debate has heated up in recent days after an article released June 18 by a Dutch academic claimed Royal Dutch Shell Plc avoided a tax on dividends by routing shares through a trust in the Channel Island of Jersey.

    Shell didn’t immediately return a request for comment.

    The company received permission to use the structure in 2005 during a merger of its British and Dutch parent companies, but the agreement may have violated Dutch withholding tax rules, according to the article, written by Jan van de Streek, a professor at the University of Amsterdam. read more

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    Shell hits back at criticism of tax structure

    Shell hits back at criticism of tax structure

    Reports allege oil group’s plan has cost Dutch treasury as much as £6.1bn in lost income

    Shell has hit back at criticism of a tax structure it set up as part of a relocation of its headquarters from London to The Hague following reports that it has cost the Dutch treasury as much as €7bn (£6.1bn) in lost income. Calls have been made for the European commission to investigate the oil group’s tax affairs after reports claimed that a multibillion-euro bill has been avoided through the use of an offshore trust in Jersey since 2005. FULL ARTICLE read more

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    DUTCH GOV’T UNDER FIRE OVER TAX DEAL WITH SHELL

    By Janene Pieters on June 18, 2018 

    The Tweede Kamer, the lower house of Dutch parliament, wants the government to explain a controversial deal that Shell made with the Dutch tax authorities in 2005. As a result of this deal, Shell’s British shareholders are exempt from dividend tax in the Netherlands, through which the Dutch treasury lost out on over 7 billion euros, newspaper Trouw reported on Saturday.

    The Kamer now wants to know whether this tax deal is allowed under Dutch law, and whether any politicians were involved in making it, according to newspaper AD. SP leader Lilian Marijnissen called it a “stinky” deal. GroenLinks wants a parliamentary inquiry into dividend tax. And the four coalition parties – VVD, CDA, D66 and ChristenUnie – jointly submitted questions to State Secretary Menno Snel of Finance.  read more

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    Dutch ecologist party asks for investigation of Shell dividend tax payment

    Dutch ecologist party asks for investigation of Shell dividend tax payment

    Sat 16 June 2018

    The Dutch ecologist party, Groen Links, has asked parliament this Saturday to appoint a commission to investigate payment of taxes on dividends by multinational oil company Shell. According to newspaper Trouw, company has since 2005 avoiding this rate “with permission of Dutch Treasury, through Jersey, island of channel of La Mancha [a dependence British Crown]”. During those years, “Shell has distributed among its shareholders about 45 billion euros, of which 7 billion should have been entered in coffers of state.” Shell claims that it has not violated tax rules. read more

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    Dutch government proposes faster cuts in Groningen gas production

    |By: , SA News Editor

  • The Netherland’s Groningen gas field will produce less than 12B cm/year by October 2020, the country’s economic affairs minister says.
  • The purchase of nitrogen to mixed with imported gas could lead to a reduction in gas extraction of 1B-1.5B cm, the minister says in a letter to the Dutch parliament, adding that Groningen gas production could drop by another 7B cm once the nitrogen plant in Zuiderbroek is operational.
  • In March, Prime Minister Rutte said the government aimed to end all production in Groningen by 2030 due to earthquakes.
  • Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM).
  • read more

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    Shell climate ambition snubbed by seven out of eight largest Dutch insurance firms

    Seven out of eight of the Netherland’s largest insurance companies snubbed Shell’s climate ambition by abstaining or voting with a fringe group’s resolution.

    Written by

    Only one insurer, Allianz, voted against the resolution put forward by shareholder activist group, Follow This, who are calling for Shell to align its targets with the Paris Climate Agreement at its most recent AGM.

    The three insurers based in the Netherland’s who voted for the resolution, Vivat, NN and Aegon, represent more than £850 million in investment.

    APG, Achmea IM and Achmea Own abstained from the vote, Allianz rejected the resolution, while ASR closed Shell of investments for sustainability reasons. read more

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    Large investors ask Shell to set targets to comply with Paris climate accord

    May 22, 2018

    A group of 26 large institutional investors have petitioned Shell to formulate concrete goals in its effort to address the terms of the Paris climate accord.

    The 26 investors, which have a total of $7.8trn under management, presented a statement to the Anglo-Dutch energy giant during Shell’s AGM in The Hague. The group of  26 includes HSBC Global Asset Management, AXA Investment Manager, Aegon, Calpers en MN.

    In its statement, the investors applauded Shell’s ambition to reduce its carbon footprint by 50% and called on other oil and gas companies to follow suit. read more

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    Shell urged to resist calls to fall into line with Paris climate accord

    20 MAY 2018 • 7:30PM

    Britain’s largest shareholder advisory groups have called on investors in Royal Dutch Shell to reject growing demands for the oil giant to take full responsibility for its impact on the environment.

    Shell faces a binding shareholder vote tomorrow to decide whether to adopt rigorous accountability standards to bring its operations into line with the Paris climate agreement. Glass Lewis and ISS have urged shareholders to reject the “unduly burdensome” and “problematic” proposal. read more

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    Protestors smear Van Gogh museum with oil in anti-Shell protest

    Friday 4 May 2018

    Protesters placed oily black hand prints on several windows at Amsterdam’s Van Gogh museum on Thursday afternoon because of its sponsorship by Shell, the Parool said.

    The protest group Free Fossil Culture said the demonstration was to show its solidarity with environmentalist group Milieudefensie which said on 4 April it would take Shell to court over its climate change strategy.

    The museum was not alerted to Thursday’s action ahead of time. In the meantime the windows have been cleaned. The museum said it will not take steps against the protesters. read more

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    Shell writes off Groningen gas field on Dutch phase-out

    Reuters Staff: APRIL 26, 2018 / 4:02 PM

    LONDON (Reuters) – Royal Dutch Shell said on Thursday it would write down its reserves in the Groningen gas field, one of Europe’s largest, following the Dutch government’s decision to phase out production by 2030.

    The Anglo-Dutch company holds a 50 percent stake in the field, which has seen production reduced in recent years following a series of damaging earthquakes. 

    Shell said it expects to write off an estimated 0.5 to 0.65 billion barrels of oil equivalent in 2018. read more

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    SHELL WRITES OFF NAM SHARES OVER GRONINGEN GAS EXTRACTION REDUCTION

    By Janene Pieters on April 26, 2018 – 12:20

    In its bookkeeping, Shell is reducing the value of its interest in NAM to zero in response to the Dutch government deciding to cin the coming years, RTL Nieuws reports.

    Dutch petroleum company NAM is responsible for gas extraction in Groningen. NAM is owned half by Shell and half by ExxonMobil. Depreciating its shares in NAM is costing Shell 244 million dollars, according to RTL.  

    The Dutch government concluded that safety in Groningen can only be guaranteed if the cause of the gas extraction earthquakes in the province is completely removed. The government therefore plans to reduce gas extraction in the province to 12 billion cubic meters by 2022 at the latest. From October 2022 gas extraction will be reduced to 7.5 billion cubic meters “and possibly considerably less”. And after that it will gradually be reduced to zero. read more

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    Shell writes off entire investment in troubled gas venture NAM

    Thursday 26 April 2018

    Shell has written off its entire $244m investment in gas production company NAM in a move seen as a further attempt to distance itself from the troubled company.

    NAM is a 50-50 joint venture between Shell and ExxonMobil and faces huge damages claims because of the earthquakes in Groningen province which have been caused by the extraction of natural gas.

    The one-off charge was booked in first-quarter earnings published on Thursday, according to the Financieele Dagblad. read more

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    SHELL SHOULD HAVE BEEN MORE ASSERTIVE IN CLIMATE CHANGE WARNINGS, CEO SAYS

    By Janene Pieters on Monday April 16, 2018

    Shell “should have been more assertive” in its warnings about climate change, Ben van Beurden, CEO of the Dutch oil and gas giant said in a podcast by Studio Energie. Environmental group Milieudefensie recently for the role it played in the climate problems the world currently faces. 

    In 1991 Shell released a film that outlined a disturbing picture of the problems climate change will cause in the future. “Perhaps we should have talked louder, maybe we should have made a bigger problem out if it? To be honest, I think, if we look back on that, we could and should have been more assertive”, Van Beurden said in the podcast, according to NOS. “Because now the problem is put on us, while ultimately it is of course a much broader social problem.”  read more

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    Cost of shutting off Groningen gas mounts, minister in dispute with Shell, Exxon

    April 13, 2018

    Economic affairs minister Eric Wiebes is embroiled in a dispute with Shell and ExxonMobil about the bill for closing the gas taps in Groningen, broadcaster NOS said on Friday.

    The dispute revolves around a potential billion euro claim facing the Dutch state from the oil giants, NOS says. It bases its claim on documents obtained using freedom of information legislation.

    If the plans goes ahead to close off the Groningen fields by 2030, some €50bn to €125bn worth of gas will remain underground. And documents from 2016 show the oil companies will make a claim against the Dutch state for lost income, the broadcaster said. read more

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    SHELL, EXXON WANTS COMPENSATION FROM DUTCH GOV’T FOR GRONINGEN GAS LEFT UN-EXTRACTED: REPORT

    Milieudefensie and Groningen residents dump fracking earthquake rubble in front of the Ministry of Economic Affairs in The Hague, 26 Oct 2017. Photo: @milieudefensie / Twitter

    Shell and Exxon wants the government to pay them billions of euros in compensation for the gas that will not be extracted from Groningen now that the government is g, NOS reports.

    With the government’s plans to stop gas extraction in Groningen, between 50 and 120 billion euros of gas will remain un-mined, according to documents NOS got by appealing to the freedom of information act. The oil companies want compensation for that. Previously Minister Erik Wiebes of Economic Affairs and Climate said that the government “does not want a claim for damage over the gas remaining in the ground”, according to the broadcaster.  read more

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    Shell to transition from oil when it ‘makes commercial sense’

    Oil giant Shell said today that it will continue to “sell the oil and gas that society needs” but is also positioning itself to transition further into low-carbon energy when it “makes commercial sense”.

    Shell’s Energy Transition Report outlines the firm’s continued commitment to oil exploration while setting out its strategy for the future changes in the energy sector.

    The oil company said that it estimates that 80% of its current proven oil reserves “will be produced” by 2030, and only expects to see 20% production after that time.

    In today’s report, Shell said outlined that it will look to invest up to £3.5billion in conventional oil and gas and the same amount again in oil products, while also investing up to £1.4billion in new renewable energies. read more

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    Intrigue Thickens Over OML 42 As Neconde Sues Shell

    Indigenous energy firm, Neconde, has sued International Oil Company (IOC), Royal Dutch Shell in London, for allegedly refusing to make remittances to it after it had bought a stake in controversial oil block Oil Mining Lease (OML) 42. In late March, Shell had instituted a criminal procedure against Peter Robinson, a former employee, in the Netherlands, in relation to the sale of the aforementioned block.

    BY SAHARA REPORTERS, NEW YORK APR 10, 2018

    Indigenous energy firm, Neconde, has sued International Oil Company (IOC), Royal Dutch Shell in London, for allegedly refusing to make remittances to it after it had bought a stake in controversial oil block Oil Mining Lease (OML) 42. read more

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    Shell pays out £41billion to governments globally in 2017

    The firm also drew attention to a number of safety incidents in 2017 which it is working to address and provide support to victims for, including oil spills and theft in Nigeria, earthquakes in Groningen and a road tanker disaster in Pakistan.

    Written by

    The company has published the findings in a report to accommodate UK regulations requiring transparency on government payments.

    It includes payments in 29 countries where Shell operates and does not include details related to refining, natural gas liquefaction, or gas-to-liquids activities which are not in the scope of UK regulations.

    Shell made the largest contribution to Nigeria, paying over £3billion last year, while the smallest sum went to Bulgaria at £109million.

    The funds for Nigeria include the government’s production entitlement, covering more than £2.1billion. read more

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    New Document Suggests Shell Knew About Climate Change 30 Years Ago

    An internal Shell report from 1988 has revealed the supermajor was aware of the effect of its business on climate. The report, uncovered by Dutch journalist Jelmer Mommers from the De Correspondent news platform, has been published in the Climate Files and might just make life that much more difficult for the Anglo-Dutch company.

    The document is an in-depth study of what was at the time called global warming with references to an earlier study and suggestions that the company was interested in researching climate change at least since 1981. read more

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    NGO threatens Shell with lawsuit over climate ‘destruction’

    April 4. 2018

    An environmental campaign group on Wednesday threatened to take Anglo-Dutch oil giant Royal Dutch Shell to court should it fail to comply with climate targets set out under the Paris Agreement.

    “Friends of the Earth Netherlands announced today that they will take Shell to court if it does not act on demands to stop its destruction of the ,” the group said in a statement, accusing the firm of being “among the ten biggest climate polluters worldwide”. read more

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