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Shell calls on investors to vote for its new climate strategy

Jillian Ambrose: Thu 15 Apr 2021 13.58 BST

Royal Dutch Shell has urged investors to vote for its strategy to shift the business towards cleaner energy sources, despite warnings that the plan does not go far enough to meet the Paris climate agreement goals.

The oil company set out its energy transition plan before its annual shareholder meeting in May, when investors will be able to take part in an advisory vote on Shell’s climate plans for the first time. The vote will not be binding. 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 World Still Needs Hundreds Of Billions Of Barrels Of Oil

The World Still Needs Hundreds Of Billions Of Barrels Of Oil

By Haley Zaremba – Apr 14, 2021, 2:00 PM CDT

Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already upon us, thanks to the crushing blow that the Covid-19 pandemic dealt to global oil demand as well as the ever-escalating worldwide transition toward clean energy. But there are just as many who say that the world’s thirst for oil still has a long way to go before we hear its swan song. read more

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Shell looks to Gulf of Mexico for lower carbon oil drilling; here’s what it means for Louisiana

Shell looks to Gulf of Mexico for lower carbon oil drilling; here’s what it means for Louisiana

Despite headwinds from corporate mandates to reduce carbon emissions, a temporarily halt for new federal leases in the Gulf of Mexico while the Biden administration reviews its impact on climate change and low oil prices, Royal Dutch Shell sees itself drilling for more oil off the coast of Louisiana and Texas.

“We still think that we’ll be here for decades to come,” said Rick Tallant, vice president Gulf of Mexico at Shell. “There’s still a lot of running room in the Gulf of Mexico, the margins are very good for our investors and the greenhouse gas intensity is arguably the best in the industry.” 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.

OPL 245: Abacha family and Malabu trial scandal

OPL 245: Abacha family and Malabu trial scandal

14 April 2021

Ten years after an international inquiry into the circumstances surrounding the sale of OPL 245 oil field by Malabu Oil and Gas Limited to Shell and its partners, ENI and Agip, for a princely sum of $1.3 billion following the resolution agreement of 2011 was opened, findings so far have revealed no evidence of corrupt practices on the part of those involved in the deal.

And, like a pack of badly arranged cards on a shaky table, the case of criminal prosecution against Mohammed Bello Adoke, Nigeria’s former attorney-general and minister of justice and the man whose legal advice formed part of the processes leading to the resolution agreement of 2011, and international oil giants, Shell, ENI and Agip, over their respective roles in the sale of OPL 245 appears to be collapsing from one international jurisdiction to the other. From Washington to London and Milan, the efforts of the Federal Government and its partners to proceed with the criminal prosecution of Bello Adoke and others have been fruitless and unsuccessful. 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.

Houston, We Have A Problem. Oil Reserves Have Fallen Below 10 Years

Houston, We Have A Problem. Oil Reserves Have Fallen Below 10 Years

Tim TreadgoldAsia: Apr 12, 2021

Big oil has a big problem. It’s running out of oil.

Years of under-investment in exploration and a decline in project development has blown a hole in the reserves of the major international oil companies (IOCs), a group that includes ExxonMobil, Chevron and Royal Dutch Shell.

Since 2015 the average reserves of the oil majors has fallen by 25% to now stand at less than 10 years of annual production.

Reserves in the ground is a critical measure of an oil company with a decline seen as a negative by investors. 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 Outlines Plans for Reducing Its Own Carbon Footprint

Shell Outlines Plans for Reducing Its Own Carbon Footprint

The energy giant has high hopes for sustainable aviation fuel

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

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

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 Giants Win Climate Suit as Judges Push For Political Fix

Oil Giants Win Climate Suit as Judges Push For Political Fix

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

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

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

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

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

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 Tie Executive Bonus Pays With Energy Transition Goals

Shell To Tie Executive Bonus Pays With Energy Transition Goals

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

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

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

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.

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

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

By Mark Williamson 

Group Business Correspondent

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

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

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

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.

OPL 245: Italy Ruling Can’t Save Oil Giants

Malabu Deal: Italy Ruling Can’t Save Oil Giants From Trial, Group Writes Buhari

The Milan Tribunal ruled on March 17, 2021, that the 13 defendants in OPL 245 international corruption trial had no case to answer. But there are prospects of an appeal in Italy.

BY SAHARAREPORTERS, NEW YORKMAR 28, 2021

The partial freedom granted oil giants by Italian courts in the celebrated OPL 245 corruption case will not stop the prosecution of the accused in Nigeria, a foremost global anti-corruption coalition has said.

In a letter addressed to President Muhammadu Buhari, the anti-corruption coalition said Nigeria should press on with the corruption charges and should not be cowed by any bully tactics of the oil giants who may see the Italy ruling as a shield. 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.

Chevron eyes deal for Shell oil refinery in Pacific Northwest -sources

Chevron eyes deal for Shell oil refinery in Pacific Northwest -sources

HOUSTON, March 26 (Reuters) – Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with the matter said on Friday.

Shell has been trying to sell its 145,000 barrel-per-day (bpd) Puget Sound refinery in Anacortes, Washington, for at least a year. Reuters reported in January 2020 that the refinery was for sale. 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.

OPL 245: Dan Etete says he has no case to answer in Nigeria after Italian court verdict

OPL 245: Dan Etete says he has no case to answer in Nigeria after Italian court verdict

22 March 2021

Dan Etete, former minister of petroleum, says Nigerian courts must now strike out charges against him after an Italian court ruled that there was no corruption involved in the OPL 245 transaction.

He also said Malabu Oil and Gas lost over $10 billion to the corruption allegations tied to the oil block.

The OPL 245 deal involved the $1.3 billion purchase of an oil bloc by Royal Dutch Shell and Eni from Malabu, a company in which Etete held majority shares. 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.

Nigeria Bribery Case Ends In Victory For Shell, Eni

Nigeria Bribery Case Ends In Victory For Shell, Eni

An Italian court has ruled that oil giants Royal Dutch Shell PLC and Eni SPA are not guilty in a bribery case involving a Nigerian oilfield that has spanned years, according to the Wall Street Journal.

Shell, Eni, and Eni’s CEO Claudio Descalzi, have been on trial for years in the infamous OPL 245 case. Shell, Eni, Descalzi, and others, were accused of knowing that more than $1.1 billion of the $1.3 billion deposited a decade ago into an escrow account controlled by the Nigerian government would eventually be used as bribes to secure oil drilling rights. 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 announces completion of sale of minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners

Shell announces completion of sale of minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners

WEBWIRE – Monday, March 15, 2021

QGC Common Facilities Company Pty Ltd, a wholly-owned subsidiary of Shell, today announced it has completed the sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for US$2.5 billion, following the receipt of regulatory approval.

The sale was announced on December 21, 2020, and is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio. The transaction has an economic reference date of January 1, 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.

Andrew Mackenzie selected as chairman of Shell

Andrew Mackenzie selected as chairman of Shell

Former CEO of BHP will succeed Chad Holliday after six years in the position.

March 12, 2021

Royal Dutch Shell announced the appointment of Andrew Mackenzie as the new chairman with effect from the conclusion of Shell’s 2021 Annual General Meeting on May 18.

Mackencie will succeed Chad Holliday who will step down after six years as chairman and board director since September 2010.

Andrew Mackenzie, a British national, joined Shell’s Board in October 2020, after a distinguished career in the energy, petrochemicals and resources sector, latterly as Group CEO of BHP from 2013 to 2019. 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 Charter 10 New Dual-Fuel Crude Tankers

Shell to Charter 10 New Dual-Fuel Crude Tankers

March 11, 2021

Oil major Shell has signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines, with the company planning to halve half of the long-term chartered crude tankers run on LNG in 2023.

Four of the very large crude carriers (VLCCs) have been chartered from Advantage Tankers, three from AET, and three from International Seaways. All 10 ships will be built in South Korea by DSME, the first operational from 2022, and be on charter to Shell for seven years. 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.

Court declines to unfreeze Shell’s bank accounts in alleged oil diversion case

Court declines to unfreeze Shell’s bank accounts in alleged oil diversion case

By Joseph Onyekwere: 10 March 2021 Justice Oluremi Oguntoyinbo of Federal High Court, Lagos, yesterday, declined to vacate her interim Mareva injunction directing 20 banks to block accounts of Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries.

The judge also summoned three of the banks’ secretaries and chief financial officers for allegedly disobeying the order made on January 25, 2021.

The court ordered the alleged contemnors to appear before it on the next adjourned date of March 29, 2021.

Justice Oguntoyinbo warned that their failure to appear would result in a warrant for their arrest.

The judge made the order in her ruling on three applications in a suit marked FHC/L/CS/52/2021, filed by Aiteo Eastern E&P Company Ltd against SPDC and four others. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil Clashes Over Fossil Fuel Future

Big Oil Clashes Over Fossil Fuel Future

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

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

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

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

Michael Crothers says the teams formed from employees brought in from various parts of the company are looking at proposals that include the use of hydrogen, biofuels, and wind and solar energy to help the company reduce its environmental impact. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

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

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

Ajay Shah, VP, Shell Energy Asia, told FE that Shell through its global pronouncements has expressed its aspirations to participate in the power or electricity value chain and form partnerships on the renewables and gas. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Which Banks Are The Biggest Backers Of Oil And Gas?

Which Banks Are The Biggest Backers Of Oil And Gas?

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell delays US offshore production start ups

 

Shell delays US offshore production start ups

Published date: 22 February 2021 Shell has delayed the startup of the PowerNap and Vito deepwater projects in the US Gulf of Mexico because of Covid-19-related issues.

The first oil date for PowerNap has been delayed to early 2022, and the first oil date for Vito has been delayed to 2022, the company said. Both were expected to start up late this year to coincide with an expansion of the Mars offshore crude pipeline system.

“Covid-19-related delays, including reductions in personnel and the impacts of Covid-19 barriers on day-to-day working, have impacted project timelines,” Shell said.

Vito is expected to reach peak production of about 100,000 b/d of oil equivalent (boe/d) and PowerNap is expected to have a peak capacity of 35,000 boe/d. 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.

Canada’s Crescent Point to buy Shell’s Kaybob assets for C$900 mln

Canada’s Crescent Point to buy Shell’s Kaybob assets for C$900 mln

Feb 17 (Reuters) – Canadian oil and gas producer Crescent Point Energy Corp said it has agreed to buy Kaybob Duvernay assets in Alberta from oil major Royal Dutch Shell’s unit for C$900 million ($708.77 million). ($1 = 1.2698 Canadian dollars) (Reporting by Rithika Krishna in Bengaluru; Editing by Bernard Orr) SOURCE
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.

Nigerian court blocks Shell’s accounts over alleged oil theft

Nigerian court blocks Shell’s accounts over alleged oil theft

By Ben Ezeamalu: February 17, 2021

The Federal High Court in Lagos has granted an interim Mareva injunction directing commercial banks to block Shell Petroleum Development Company of Nigeria Ltd accounts.

A Mareva injunction is a court order freezing a party’s assets, until the determination of a case they are involved in, to stop them from taking it abroad.

The order was in a bid to recover the cash equivalent of more than 16 million barrels of crude oil allegedly diverted by the oil giant from AITEO Eastern E & P Company Ltd. 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 Shuts Down 310,000 Bpd Deer Park Refinery

Shell Shuts Down 310,000 Bpd Deer Park Refinery

By Charles Kennedy – Feb 15, 2021, 9:30 AM CST

Shell has shut down the crude distillation units of its Deer Park refinery due to a malfunction, Reuters has reported, citing unnamed sources familiar with the matter.

The two crude distillation units have a combined capacity of 310,000 barrels of oil daily. According to the Reuters sources, they were shut down after a seal failed on a pump that feeds crude to other units at the refinery. 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.K. High Court Says Nigerians Can Sue Shell in Britain Over Oil Spills

U.K. High Court Says Nigerians Can Sue Shell in Britain Over Oil Spills

The Dutch energy company has a presence in Britain, and a judge ruled there was “a real issue to be tried.”

Stanley Reed

: Feb. 12, 2021

LONDON — Britain’s Supreme Court said Friday that a group of about 50,000 Nigerian farmers and fishermen could bring a case in London’s High Court against Royal Dutch Shell over years of oil spills in the Niger Delta that have polluted their land, wells and waterways.

The judges said there was the potential that a parent company like Shell, which has its headquarters in the Netherlands but a large British presence, has responsibility for the activities of subsidiaries like the Shell Petroleum Development Company of Nigeria, which operates in the delta region. read more

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

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

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

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

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

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

Force Rethink?

The decision may force other U.K. multinationals to rethink how they operate abroad, says lawyer Rick Munro. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell pays $191K fine for 2015 refinery incident

Shell pays $191K fine for 2015 refinery incident

11 Feb 2021

MOUNT VERNON, Wash. (AP) — Shell Oil Products U.S. has paid a $191,000 fine for the release of pollutants from its Shell Puget Sound Refinery north of Seattle in Skagit County.

The fine comes via a legal settlement with the U.S. Environmental Protection Agency to resolve federal Clean Air Act violations, The Skagit Valley Herald reported.

During refinery maintenance on Feb. 20, 2015, several operating procedures were violated, resulting in the release of about 700 pounds of pollutants. Hydrogen sulfide, dimethyl sulfide, mercaptans, pyrophoric iron and benzene were released over a period of more than three hours. read more

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How Biden should meet his promise to cut fossil fuel emissions

How Biden should meet his promise to cut fossil fuel emissions

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

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Nigeria negotiates terms with Big Oil to keep investments

Nigeria negotiates terms with Big Oil to keep investments

LAGOS (Reuters) – Nigeria’s state oil company is renegotiating commercial contract terms with major oil firms, its chief told Reuters, in a move that it hopes will keep investment flowing into a sector crucial for its economy at a time when spending is being slashed.

Africa’s largest oil exporter and biggest economy relies on the oil sector for half of its budget and 90% of its foreign exchange. It wants to raise revenue but also attract investment. 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 May Re-evaluate Oil Operations Onshore Nigeria

Shell May Re-evaluate Oil Operations Onshore Nigeria

By Charles Kennedy – Feb 05, 2021, 1:30 PM CST

Persistent issues with theft and sabotage in the Niger Delta could prompt Shell to take a hard look at its operations onshore Nigeria, the supermajor’s chief executive Ben van Beurden said this week.

“Our onshore oil position, despite all the efforts we put in against theft and sabotage, is under challenge,” van Beurden told reporters, as carried by Reuters, after Shell reported another set of weak Big Oil results affected by the pandemic. read more

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Shell makes record loss in 2020 after more write-offs

Shell makes record loss in 2020 after more write-offs

Published date: 04 February 2021

Shell posted a record loss in 2020 after it booked more hefty write-offs in the fourth quarter.

Excluding inventory effects, Shell made a loss of $4.48bn in the October-December period, compared with a profit of $871mn a year earlier. The quarterly loss was largely driven by pre-announced, non-cash post-tax impairment charges of $2.7bn and charges of $1.1bn mainly for “onerous contract provisions”. read more

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Oil major Shell reports sharp drop in full-year profit, raises dividend

Oil major Shell reports sharp drop in full-year profit, raises dividend

Sam Meredith@SMEREDITH19: PUBLISHED THU, FEB 4 20212:31 AM EST UPDATED THU, FEB 4 20213:18 AM EST KEY POINTS
  • Shell reported adjusted earnings of $4.85 billion for the full-year 2020. That compared with a profit of $16.5 billion for the full-year 2019.
  • The company said it would raise its first-quarter dividend to $0.1735 per share, reflecting an increase of 4% from the previous quarter.
  • The results come as energy giants seek to reassure investors about their future profitability, following a dreadful year for the global oil and gas industry by virtually every measure.

LONDON — Oil giant Royal Dutch Shell on Thursday reported a sharp drop in full-year profit as the coronavirus pandemic took a heavy toll on the global oil and gas industry.

Shell reported adjusted earnings of $4.85 billion for the full-year 2020. That compared with a profit of $16.5 billion for the full-year 2019, reflecting a drop of 71%. Analysts polled by Refinitiv had expected full-year 2020 net profit to come in $5.15 billion. read more

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Court orders Shell to pay Nigeria farmers for oil pollution

Court orders Shell to pay Nigeria farmers for oil pollution

The appellate court in the Netherlands ruled Friday that Shell’s claims of sabotage along the Nigerian pipeline are not supported by evidence.  By Clyde Hughes: WORLD NEWS: JAN. 29, 2021 / 8:03 AM Jan. 29 (UPI) — A Dutch court ruled on Friday that oil company Royal Dutch Shell must compensate farmers in Nigeria for oil spills that occurred years ago.
The Court of Appeals ruled that Shell’s Nigerian branch must pay for spills in the Niger River Delta between 2004 and 2007, which spurred a civil case from four farmers that lasted for years.

The farmers sought compensation and cleanup over pollution that resulted from leaky oil pipelines.

The appellate court said Friday that Shell is liable for damages and also must install new equipment to prevent future problems.

“Oil supply in the leaky pipe could have been shut down earlier if a leak detection system had been present,” the Court of Appeals wrote.

The amount Shell must pay to the farmers will be determined at a later hearing. read more

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Investors see splits among energy company climate efforts

Investors see splits among energy company climate efforts

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

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

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

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

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

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Aberdeen job cuts loom as Shell retrenches in North Sea

Aberdeen job cuts loom as Shell retrenches in North Sea

By Mark Williamson : Group Business Correspondent

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

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

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

The cuts are being made under a programme initiated by Shell amid the oil price plunge that was triggered by the coronavirus crisis. read more

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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

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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

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

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

Jan. 05, 2021

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

Calgary, AB – Shell will have a 40% interest in the plant using technology developed by Enerkem, a leading Canadian clean tech company. Enerkem announced the project in December 2020, subject to finalization of commercial agreements. read more

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Fuel for Thought: Singapore looks to next energy transition, this time away from oil

Fuel for Thought: Singapore looks to next energy transition, this time away from oil

Eric Yep: 29 December 2020

SHELL RELATED EXTRACTS

Shell, which started out as M. Samuel & Co. and built the first fuel depot in Singapore in the 1890s, said in November it was shutting half of its refining capacity on Singapore’s Pulau Bukom island, a move signaling the start of one era and the beginning of another for the energy hub.

Shell said Pulau Bukom will become one of its roughly six energy and chemicals parks and part of a “pivot from a crude-oil, fuels-based product slate towards new low-carbon value chains.” read more

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Shell details its layoff of hundreds at Convent site in 2021; full shutdown set for August

Shell details its layoff of hundreds at Convent site in 2021; full shutdown set for August

Shell plans to begin layoffs for nearly 700 workers in March at its Convent oil refinery, which it expects to fully shut down in August.

The Louisiana subsidiary of Royal Dutch Shell, Equilon Enterprises LLC, previously had announced layoffs but has now filed an official notice with the Louisiana Workforce Commission outlining its plans. 

Shell looks to lay off all 698 workers at the refinery, 340 of whom are represented by a union, according to the letter. read more

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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 Nigeria oil site seized over unpaid damages

Shell Nigeria oil site seized over unpaid damages

Dec. 24, 2020 10:57 AM ET Royal Dutch Shell plc (RDS.A)By: Carl SurranSA News Editor

  • An oil site operated by Royal Dutch Shell’s (RDS.ARDS.B) Nigerian unit has been seized by a state government in a dispute over an oil spill that occurred decades ago.
  • The government of Rivers state in the Niger Delta sealed off the Kidney Island base located in the Port Harcourt oil hub, saying the facility and Shell’s 30% stake in nearby Oil Mining Lease 11 were “lawfully purchased through public auction ordered by the court.”
  • Shell says the state government’s statement is “premature and prejudicial,” as the transfer of the oil license requires the approval of Nigeria’s federal minister of petroleum resources, which has not been granted.
  • Shell has been involved in a long-running legal battle with a local community in Rivers state which has successfully sued the company for millions of dollars in damages for allegedly polluting its land during a civil war in the late 1960s.
  • Nigeria’s federal government also has been involved in a dispute with Shell over damages related to alleged corruption linked to the company’s 2011 purchase of the OPL 245 offshore oilfield.
  • 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 Provide Over One Million Pieces of PPE to U.S. Communities

    Shell to Provide Over One Million Pieces of PPE to U.S. Communities

    NEWS PROVIDED BY Shell Oil Company Dec 22, 2020, 09:00 ET

    HOUSTONDec. 22, 2020 /PRNewswire/ — As the number of COVID-19 cases surges across the country, Shell Oil Company (Shell) has announced it will contribute more than one million pieces of PPE to communities and medical care facilities from coast to coast. Extra face shields, non-medical masks and nitrile gloves are now arriving in some of the hardest hit areas of the country. 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 warns of flaring at Dutch Pernis oil refinery due to ‘malfunctioning’ unit

    Shell warns of flaring at Dutch Pernis oil refinery due to ‘malfunctioning’ unit

    By Reuters Staff: DECEMBER 21, 2020

    LONDON (Reuters) – Royal Dutch Shell warned on Twitter on Monday of increased flaring at its 400,000 barrel per day Dutch Pernis oil refinery, Europe’s largest, due to a “malfunctioning” unit which it did not name.

    Reporting by Ahmad Ghaddar and Shadia Nasralla; editing by David Evans

    SOURCE

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    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.
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