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Shell releases new details on Ascension chemical leak, some roads back open

January 24, 2020 12:10 PM: Source: WBRZ: By: WBRZ Staf

GEISMAR – An incident involving hazardous materials has prompted law enforcement to close off multiple intersections near a chemical plant in Ascension Parish.

The sheriff’s office says a situation at the Shell plant along LA 75 prompted them to shut down several roadways nearby. The department says the closures are precautionary, and there appears to be no off-site impact at this time.

A Shell spokesperson response stemmed from a hydrocarbon leak that was first noticed around 8 a.m. The plant’s deluge system was activated to reduce the vapors and a response team was immediately dispatched. read more

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‘Elevated flaring’ at Shell Norco plant — visible for miles — should end by midweek, company says

The unusually large streak of fire visible recently in the sky over St. Charles Parish should be gone within the next few days, according to a spokesman for Shell Oil Co.

For more than a week, the company’s Shell Norco complex has been in a state of “elevated flaring,” creating what at times has been a flare over its facility large enough that it can be seen for miles.

Shell has said the flaring — which can also be accompanied by loud rumbling noises — was necessary after the complex experienced a series of power dips as a line of storms moved through the area on Jan. 11. read more

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A firm believer in pushing Asian talent

By: | January 20, 2020

Royal Dutch Shell, to give it its full name, has more than 80,000 employees spread across the globe. A large chunk of that workforce is based here in Asia, an exciting and rapidly-growing collection of markets for Shell. Singapore is the regional headquarters for the oil company and Leslie Hayward is its head of HR.

Hayward oversees a region for Shell that employs around 13,000 people, and that’s excluding the huge markets of India and China. It’s a role he’s held for eight years, although he’s been working in HR at Shell for 30 years. He has two portfolios – Singapore and the region. The ‘’region’’ isn’t the typical APAC but covers Pakistan to Japan excluding India and China. Across this region, he manages about 90 people within various HR teams. In Singapore, he oversees 3,000 employees spread across in its west Singapore headquarters, and its plants in Bukom, Jurong Island and Tuas and terminal in Pandan. read more

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Shell-Gazprom Neft JV gets West Siberia license

JANUARY 17, 2020

MOSCOW (Reuters) – Shell and Russia’s Gazprom Neft have expanded their Russian joint venture by acquiring a license for exploration and production of conventional hydrocarbon reserves in West Siberia, the two companies said on Friday.

The JV, Salym Petroleum Development (SPD), will get the Salymsky 2 block in the Khanty Mansiisk Autonomous Region.

There are no field-specific infrastructure facilities at the site, the companies said.

“However, close proximity to the areas which are being developed by SPD will have a synergistic effect, allowing efficient use of the existing SPD production facilities,” they said. read more

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

The Ecologist: ‘Shell is literally destroying our future’

Lucinda Cameron | 16th January 2020

Extinction Rebellion: The more successful fossil fuel companies like Shell are, the worse our future is going to be.

Climate change activists have blocked the entrance to the headquarters of oil giant Shell in Aberdeen.

Extinction Rebellion Scotland members began their protest at the premises on Altens Farm Road at 6.30am on Thursday and said they plan to stay there all day.

The group say they have secured the entrances with lock-on equipment and the main entrance with XR Scotland’s big purple boat, named Amal Gous.

Harm

They said they plan to shut the building down to disrupt business and hold Shell to account for its role in the climate crisis. read more

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Shell Aims For Dominance In $325 Billion Aviation Fuel Market

Shell thinks aviation fuel will be one of the critical growth areas to explore, as ground vehicle transportation fuel and other segments are expected to decline over time. One of these expected growth segments will be sustainable aviation fuel (SAF), where a project with Lufthansa and World Energy is starting up in California.

Shell Aviation and Boston-based World Energy will help Lufthansa meet carbon emissions reduction targets by supplying the SAF on three routes operated by Deutsche Lufthansa and Swiss International Air Lines from San Francisco International Airport (SFO) to Frankfurt, Munich, and Zurich. The project is expected to supply up to one million gallons of SAF to Lufthansa over the duration of the agreement. read more

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U.S. refinery sales hit the brakes, with 5% of capacity on block

Jessica Resnick-Ault, Laura Sanicola: 10 JANUARY 2020 NEW YORK (Reuters) – From coast to coast, U.S. refineries are available for the taking, but nobody is buying.

With the news that Royal Dutch Shell Plc is looking to unload its Anacortes, Washington, facility, there are seven different U.S. refineries on the block now, accounting for about 5% of U.S. crude oil processing capacity, according to data compiled by Reuters.

Even with U.S. energy production at an all-time record, these properties, located from Washington state to Pennsylvania, are having trouble finding bidders because of unfavorable locales, worries about falling margins, and the coming restart of nearby facilities in the Caribbean that will add to competition, bankers and analysts said. read more

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Shell pays £0 corporation tax and plans huge hike in fossil output

Shell pays £0 corporation tax and plans huge hike in fossil output

Michael Johnson, Leeds Socialist Party:

Faced with increasing scrutiny worldwide, oil giant Shell has revealed it paid no UK corporation tax in 2018. This is despite Shell also earning nearly £557 million in pre-tax profits in the UK over that year, with global pre-tax profits being $35.6 billion.

This has come about due to Shell receiving huge tax refunds for decommissioning its North Sea oil platforms. To help balance the expenses of plugging and abandoning their (highly profitable) oil wells and removing their equipment, the government lets energy companies deduct costs from their taxable profits or claim back tax they had previously paid! read more

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Extinction Rebellion protesters occupy Shell gas rig to stop it heading out to North Sea

Activists urge UK government to ‘tell the truth’ about impact of fossil fuel industry

Three members of Extinction Rebellion Scotland have climbed aboard the Valaris 122 rig in Dundee ( Extinction Rebellion Scotland )

Conrad Duncan: 6 JAN 2020

Climate activists have boarded a gas mining rig in Dundee in an attempt to stop it from heading out to the North Sea.

Extinction Rebellion (XR) Scotland has said three of its members had climbed aboard the Valaris 122 rig and intended to there for as long as possible to prevent it from operating.

The environmental group added that the trio had taken all necessary safety precautions and informed police of their “peaceful occupation”. read more

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Shell Secures New Concession Deal for Egypt’s Red Sea

Zacks Equity Research: January 6, 2020

Royal Dutch Shell RDS.A along with another supermajor Chevron Corporation CVX and a state-owned entity Mubadala Petroleum clinched oil and gas exploration concessions in Egypt’s Red Sea. In its first ever round of licensing in the Red Sea, Egypt awarded Block 1 and Block 2 to Chevron and Shell, respectively. The third block was jointly conferred on Shell and Abu Dhabi’s Mubadala Petroleum.

The exploration concession wins were in line with Shell’s growth commitment to cement its position offshore Egypt, mainly in the marine concession and deep-water regions, thereby supporting the government’s energy hub vision and increasing the LNG value chain. read more

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Third man pleads guilty to role in Shell oil heist

Shaffiq Alkhatib: Court Correspondent: 3 Jan 2020

SINGAPORE – A former tanker captain linked to the largest gas oil theft that Singapore has ever seen has admitted to his role in the crime.

The Straits Times had earlier reported that 340,000 tonnes of gas oil worth over $200 million had been stolen over the years since 2014 from Shell’s refinery in Pulau Bukom, the largest petrochemical production and export centre in the Asia-Pacific region.

Nguyen Duc Quang, 48, received misappropriated gas oil worth more than US$7.3million (S$9.8 million) in all. read more

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Shell Midstream: Has Some Potential, But Still Has Problems

|

About: Shell Midstream Partners, L.P. (SHLX), Includes: RDS.A

: Macro, energy, alternative energy, contrarian

Summary

  • Shell Midstream’s performance was similar to what it had seen last quarter, although Hurricane Barry had a negative impact because of the shutdowns it caused.
  • The company’s onshore pipelines continue to perform well, with Zydeco a very notable example.
  • There is some very real growth potential offshore as Shell ramps up Appomattox and other companies in the region do the same and pump oil into the Mars pipeline.
  • The company generated an adequate distribution coverage, although it was not as high in this quarter as I would normally like to see.
  • The financial structure is still concerning, as it does not have sufficient assets to cover its debt.
  • read more

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    Shell sells last of its Haynesville position

    Royal Dutch Shell is officially moving out of the gassy Haynesville shale after selling its last package of acreage to a private Houston firm.

    Houston-based Castleton Resources, which primarily focuses on the Haynesville in East Texas and Louisiana, will scoop up about 55,000 net acres from Shell that’s currently producing more than 100,000 cubic feet of natural gas per day. The companies are not revealing the sale price.

    Shell previously sold most of its Haynesville position five years ago, but still had some piecemeal remaining acreage. 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.

    Egypt awards oil and gas exploration concessions in Red Sea – statement

    December 29, 2019

    CAIRO (Reuters) – Egypt said on Sunday that it awarded oil and gas exploration concessions in the Red Sea to Chevron (CVX.N), Royal Dutch Shell (RDSa.L) and Mubadala MUDEV.UL in an international tender.

    Chevron was awarded the first block, Shell a second block, and a third block was awarded jointly to Shell and Mubadala with a total exploration area of around 10,000 square km (3,860 square miles) and with a minimum investment of $326 million, the petroleum ministry said in a statement. read more

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

    Shell fourth quarter 2019 update note

    GlobeNewswire: Shell fourth quarter 2019 update note

    | Source: Royal Dutch Shell

    The Hague, December 20, 2019 – This is an update to the fourth quarter 2019 outlook provided in the third quarter results announcement on October 31, 2019. The impacts presented here may vary from the actual results and are subject to finalisation of the fourth quarter 2019 results which are scheduled to be released on January 30, 2020.

    Unless otherwise indicated, presented earnings impacts relate to earnings on a current cost of supplies basis, attributable to shareholders, excluding identified items. read more

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    Who are the top UK CIOs in the Oil & Gas industry?

    By : December 12, 2019: CIO UK

    Two extracts from the CIOs featured in the CIO article.

    Craig Walker, VP and global CIO, Shell Downstream

    Shell Downstream’s VP and global CIO Craig Walker has helped the organisation along its digital journey, and he sees business models, customer connectivity, innovation and digitisation as the main accelerators for change.

    “Our history for 100 or more years has been oil and gas, predominantly oil in the early days and then far more gas business,” Walker said. “But these days, we’re very much moving to be an energy business. read more

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    Shell and the Gas Wealth

    Shell and the Gas Wealth

    Irina Slav: Oilprice.com: December 8, 2019

    When Shell bought BG Group for $53 billion in 2016, becoming the largest gas company in the world, it attracted a lot of criticism. Now, thanks to its natural gas exposure and specifically its LNG exposure, Shell is one of the best-performing stocks in the industry in the year to date. It is also the biggest public oil company by production, which stood at3.8 million barrels of oil equivalent per day at the end of the third quarter.

    The Anglo-Dutch major is not just one of the biggest LNG producers, but also one of the biggest LNG shippers globally. It is also among the top performers in terms of revenue, ranking second in the world after China’s Sinopec. Shell is also actively expanding in renewables and energy storage, preparing the ground for future domination in the energy industry, too. 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.

    Ecuador awards 20.2 million barrel oil supply contract to Shell unit

    December 6, 2019

    QUITO (Reuters) – Ecuador’s state-run oil company Petroecuador said on Friday it had awarded a unit of Royal Dutch Shell a contract to lift some 20.2 million barrels of Oriente-grade crude between 2020 and 2023.

    Shell Western Supply and Trading beat out the other two bidders, Trafigura and Mitsubishi , by offering to pay a premium of 71 cents per barrel above the reference price for West Texas Intermediate crude.

    Petroecuador expects the deal to bring in some $950 million. The Andean country produces some 545,000 barrels per day of crude. read more

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    Shell retains global leadership for 13th consecutive year

    Market analyst Kline & Company has once again named Shell as the leading global supplier of finished lubricants.

    It is the 13th consecutive year that Shell has topped the Kline Global Lubricants Industry: Market Analysis and Assessment.

    The 2019 report uses 2018 as the base year, and covers all leading lubricant-consuming country markets, market segments, product types, and formulations.

    According to the report, Shell grew its leading global market share in 2018 relative to the year prior, while its competitors saw declines. read more

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    Shell wins court case to stop activists boarding North Sea rigs

    Wednesday 04 December 2019

    Energy company Shell has won a court order to prevent activists from boarding installations in the North Sea.

    The company secured an interim interdict against Greenpeace at the Court of Session in Edinburgh on Wednesday.

    Shell began the action after environmentalists spent the night on its Brent Alpha and Bravo platforms in October to campaign against leaving parts of them in the sea. The Brent Field is situated 116 miles off the coast of Lerwick, Shetland, midway between the Shetland Isles and the coast of Norway. A Shell spokesman said: “Shell sought this court order only to prevent protesters breaching the statutory 500-metre safety zones around platforms in the Brent field, putting themselves and Shell staff at risk.

    “We wholeheartedly support the right to protest peacefully and safely.

    “We’re pleased this decision recognises that the existing legal safety zone should be respected by campaigners.”

    Shell said of the four Brent platforms, only one – Brent Charlie – is now manned, from which Shell staff could be required to give urgent assistance to any protesters in the event of an emergency but this would also put their teams at risk. read more

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    Shell, Mitsubishi, Trafigura Present Bids for Ecuador Oil Contract-Minister

    Shell, Mitsubishi, Trafigura Present Bids for Ecuador Oil Contract-Minister

    By Reuters: Dec. 3, 2019

    QUITO — Royal Dutch Shell, Mitsubishi Corp and Trafigura presented bids for a contract to lift some 20.2 million barrels of Ecuadorean crude between 2020 and 2023, the Andean country’s energy minister told reporters on Tuesday.

    The country expects to pick a winner for the contract, which is expected to generate $950 million (£740.45 million) in export income for Ecuador, in the coming days, said the minister, Jose Agusto.

    Ecuador invited some 51 companies to participate in the auction, the first of its kind in more than a decade. The price of the oil will be determined by a formula taking into account the price of the country’s oil sales on the spot market plus a premium. 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.

    Brent Oil Set to Disappear as Crude-Price Benchmark Lives On

    Royal Dutch Shell is set to plug its last remaining Brent oil wells in the North Sea next year

    By Sarah McFarlane: Dec. 2, 2019 6:06 am ET

    The world’s most famous oil and gas field—and the backbone of global crude pricing—has dried up. Soon the Brent benchmark will have no Brent oil. Royal Dutch Shell PLC is expected next year to plug the last remaining Brent oil wells, located in the North Sea’s East Shetland Basin, about 115 miles northeast of Scotland’s Shetland Islands. The closures mark the end of an era, as the industry shifts its focus to smaller oil finds near existing infrastructure. FULL WSJ ARTICLE (PAYWALL) read more

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    UPDATE 1: Kazakh oilfield Kashagan halves output due to unplanned maintenance – sources

    UPDATE 1: Kazakh oilfield Kashagan halves output due to unplanned maintenance – sources

    Tue, 26th Nov 2019 14:50

    MOSCOW, Nov 26 (Reuters) – Oil and gas condensate output from Kazakhstan’s giant Kashagan project has more than halved from early November levels due to unplanned maintenance that started last week, two industry sources told Reuters on Tuesday.

    Production at the facility stood at 184,000 barrels per day (bpd) as of Nov. 25, the sources said, down from 400,000 bpd at the start of the month.

    The Kazakh energy ministry said last week that Kashagan was undergoing maintenance at a gas compressor unit, which was expected to last for seven days. 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 Continue Search in Renewables After Losing Eneco Tender

    Shell to Continue Search in Renewables After Losing Eneco Tender

    By 

    Nov. 25, 2019, 6:01 a.m. ET

    LONDON — Royal Dutch Shell said on Monday it was disappointed to lose a tender for Dutch renewable energy business Eneco which went to a group led by Japan’s Mitsubishi Corp for 4.1 billion euros ($4.52 billion).

    The Anglo-Dutch oil and gas company said in a statement it “will continue to look for opportunities in the energy transition” and aims to invest $2 to $3 billion per year from 2021 onwards.

    (Reporting by Ron Bousso; editing by Jason Neely) 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 says oil spill contained at Puget Sound, Washington, refinery dock

    NOVEMBER 18, 2019

    (Reuters) – A crude oil spill onto a barge docked at Royal Dutch Shell’s oil refinery at Puget Sound, Washington, late on Friday was contained on Saturday, the company said in a statement.

    Twenty gallons of oil leaked onto the barge, out of which 5 gallons reached the waters of Fidalgo Bay, Shell said in another statement on Sunday. Clean-up operations were completed and all recoverable product was removed from the water, the company said.

    The source of the crude spill was identified as a pressure relief valve on the barge and the source was secured, the company said earlier. 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’s Big Strategy Shift In Egypt

    Oil supermajor Royal Dutch Shell has appointed investment bank Citi to run the $1 billion (£781.5m) sale of its oil and gas assets in Egypt’s Western Desert.

    Sources told Reuters that the sale should be officially launched at the end of the month.

    Shell announced plans for the sale, which includes a portfolio of 19 oil and gas leases with production of 100,000 barrels of oil per day, in October.

    The company said that it was getting rid of the onshore assets so it could focus instead on developing its offshore footprint in the country. read more

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    Shell traders post US$1B profit in fuel oil market

    Javier Blas and Alaric Nightingale, Bloomberg News: 15 Nov 2019

    Royal Dutch Shell Plc has made US$1 billion from trading fuel oil this year, making it one of the standout winners from rules designed to make the shipping industry greener.
    Shell said last month that it made substantial money in fuel-oil trading in the third quarter, but the company didn’t disclose the size of the profits. Shell traders celebrated hitting the $1 billion mark so far, likely the biggest by any one company in fuel oil this year, by ringing a bell on the company’s trading floor in London earlier this month, people familiar with the matter said. read more

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    Shell Says It’s the Oil Major Staying in Canada as Many Flee

    By Kevin Orland: 14 November 2019, 12:00 GMT Updated on 14 November 2019, 16:38 GMT

    *Shell Canada head Crothers points to LNG project, gas stations

    *Company has no plans to divest remaining oil-sands stake

    Royal Dutch Shell Plc is reassuring investors, workers, and anyone else who will listen that it’s the international oil major that’s staying in Canada as others pull up stakes.

    Shell’s future in the country is largely as a natural gas producer and exporter focused on the $30 billion LNG Canada project, though the company is also committed to its local chemicals and retail businesses, Shell Canada head Michael Crothers said in an interview. 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.

    AI sensors keep fuel flowing at Europe’s largest refinery

    At the vast Pernis refinery in Rotterdam, where Royal Dutch Shell processes 20m tonnes of crude oil a year, any glitches or unplanned downtime can be costly. The equipment and operating conditions at Europe’s largest refinery are monitored using 50,000 sensors that generate 100,000 measurements a minute. Last year Shell started using machine learning to better analyse and process that data. The model was designed to predict failures in control valves, and it allowed workers to carry out maintenance or adjust operating conditions as needed. Shell has since expanded the programme to 19 assets. 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.

    REMEMBERING HON DR BARINEM KIOBEL

    Esther Kiobel: 2019

    YOU AGAIN NOVEMBER 10

    (A POEM IN MEMORY OF DR. BARINEM NUBARI KIOBEL):

    BY ESTHER BARINEM-KIOBEL

    I stare at your open mouth
    I writhe in pain and lie speechless with despair as companion
    I asked God why he forsook me
    l went fainted for a while
    My heart singing the melody of agony at your thought
    I was revived by good people around me
    They preached to me. I got strong and I got moving again
    Oh! November 10! You again!
    You can’t torment me
    Because I sing of a hero
    A rare gem whose blood was spilt to rescue his people
    And never allowed cowardice to eat up his soul 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.

    Reuters: Shell Says Gas Leak on Unit at Pernis Oil Refinery Under Control

    LONDON — Royal Dutch Shell said there was a gas leak on Friday on a unit at its 404,000 barrel per day Pernis oil refinery in the Netherlands.

    The leak has been stopped and the situation at the refinery is under control, a spokesman said.

    Shell did not specify the unit involved.

    The company separately reported on Nov 6 that while taking one of the units at Pernis offline for scheduled maintenance flaring occurred.

    Shell did not specify which unit that was.

    (Reporting by Ahmad Ghaddar; editing by Jason Neely) 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.

    Q & A with famed litigant Esther Kiobel suing Shell for alleged complicity in the murder of her husband

    Use browser to enlarge image

    Q & A WITH ESTHER KIOBEL (The lead plaintiff in litigation by four Ogoni 9 widows currently suing Shell in the Dutch courts for alleged complicity in the murder of their husbands and other alleged crimes and abuses of human rights in Nigeria.)

    1) Twenty-four years ago, your husband was one of the Ogoni nine executed by Abacha. How have you and the family been coping?

    HMMMMMM! WE LIVE BY THE GRACE OF GOD THAT STRENGTHENS US.

    2) What exactly was your husband’s offence?

    MY HUSBAND’S OFFENSE WAS HIS REFUSAL TO BETRAY HIS PEOPLE IN AN EXECUTIVE MEETING AT GOVERNMENT HOUSE. THEY SAID ON FALSE CHARGES THAT HE, MITEE, AND KEN SARO WIWA CONSPIRED TO KILL THE FOUR PROMINENT OGONIS WHO WERE HAVING MEETING AT GIOKOO. JUST FALSE ALLEGATION TO GET THEM KILLED FOR NO JUST CAUSE. 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 Says We Have to Decarbonize Planet Earth

    Shell Says We Have to Decarbonize Planet Earth

    by  Andreas Exarheas: Rigzone Staff: Wednesday, November 06, 2019

    We have to decarbonize planet earth in the coming decades.

    That’s what Ed Daniels, head of strategy at Shell, stated during a presentation at Web Summit on Tuesday in Lisbon, Portugal, which was attended by Rigzone.

    “I feel an immense amount of responsibility that our company along with governments and society has to do,” Daniels told audience members during the presentation, which included a Q&A session with Neanda Salvaterra, an energy reporter at The Wall Street Journal.

    “I’m simultaneously energized and frightened by the scale of the challenge,” Daniels added. read more

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    Shell warns weakening economy could slow buybacks

    Oct. 31, 2019 8:40 AM ET|About: Royal Dutch Shell plc (RDS.A)|By: , SA News Editor

    Royal Dutch Shell (RDS.A, RDS.B) -3% pre-market and trades nearly 4% lower in London despite beating Q3 earnings estimates, as the company warns global economic conditions could slow the timetable for its $25B share buyback program.

    “Prevailing weak macroeconomic conditions and challenging outlook inevitably create uncertainty about the pace of reducing gearing to 25% and completing the share buyback program within the 2020 time frame,” CEO Ben van Beurden says.

    Gearing – the ratio between debt and market cap – rose in the quarter to 27.9% from 23.1% a year earlier. read more

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    Shell’s third-quarter profits fall 15% on lower oil and gas prices

    Sam Meredith: 31 Oct 2019

    POINTS
    • Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in at $4.767 billion for the third quarter of 2019.
    • That compared with a profit of $5.624 billion in the same quarter a year ago and $3.462 billion in the second quarter.
    • Shares of the Anglo-Dutch oil company are down more than 1% when compared to the same period in 2018.

    Oil giant Royal Dutch Shell reported weaker-than-expected third-quarter net profit on Thursday, citing lower energy prices and chemicals margins.

    Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in at $4.767 billion for the third quarter of 2019. That compared with a profit of $5.624 billion in the same quarter a year ago and $3.462 billion in the second quarter. read more

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    Big Oil Investors Bracing for Bad News as Headwinds Gather

    Bloomberg News: Kevin Crowley and Kelly Gilblom: October 28, 2019

    (Bloomberg) — Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.

    The so-called supermajors — Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and BP Plc — are expected to disclose a 42% plunge in third-quarter earnings, on average, when they post results this week. That drop-off is too steep to blame on the 18% decline in crude oil prices, which means executives will have some explaining to do. read more

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    Shell brings in Ocean Endeavor for drilling work at Fram field

    Shell brings in Ocean Endeavor for drilling work at Fram field

    Drilling work is set to begin today and should last up to 110 days, according to the latest Kingfisher Bulletin from the Seafish non-departmental public body.

    The Fram field, operated by Shell, lies 136 miles east of Aberdeen.

    Shell UK and Esso Exploration and Production UK have stakes of 32% and 68% respectively.

    Diamond Offshore’s third quarter results announced the deal with Shell was part of a £70 million backlog of North Sea contracts that included work for its Ocean Patriot and Ocean GreatWhite drilling rigs with Apache and Siccar Point, respectively. read more

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    Why it is hard to be a saint in the city

    Why it is hard to be a saint in the city

    By Nick Charalambous: Monday, October 28, 2019 – 06:30 AM

    Greta Thunberg’s speech at the UN’s Climate Action Summit last month stirred a lot of the world’s views about the environment and this is creeping more and more into our everyday lives.

    I saw one headline last week stating that “climate change is the most serious issue for the majority of voters” but notably it added that these same voters are reluctant to meet the cost of tackling the crisis.

    As a financial adviser, I must say my experience is that investing and ethics typically don’t go hand in hand. I must, however, add there has noticeably been more of a focus on socially responsible investments (SRI) from my clients in recent times. read more

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    SELECTION OF WEBPAGE HEADER IMAGES ALL FROM WEBSITES OPERATED BY JOHN DONOVAN, ALL FOCUSSED ON ROYAL DUTCH SHELL

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    Shell Egypt to sell assets in Western Desert

    OCTOBER 20, 2019 / 11:55 AM

    Shell Egypt to sell assets in Western Desert

    CAIRO, Oct 20 (Reuters) – Royal Dutch Shell plans to sell its onshore upstream assets in Egypt’s Western Desert to focus on expanding its Egyptian offshore gas exploration, Shell Egypt said on Sunday.

    Having won three oil and two gas concessions in Egypt last February, senior executive last week told Reuters that the company would start operating the new areas in the second half of next year.

    “We remain committed to Egypt and see our future in supporting the government’s energy hub vision by growing Shell positions across the offshore and LNG value chain,” Wael Sawan, Shell upstream director, said in a statement. read more

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    Shell aims to operate Egypt concessions in second half, 2020

    Ehab Farouk: OCTOBER 17, 2019

    ALEXANDRIA, Egypt (Reuters) – Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said.

    Shell won three oil and two gas concessions in Egypt in February.

    Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred by major discoveries.

    Shell has also applied to take part in a bidding round in Egypt for oil and gas drilling in the Red Sea, Gerald Schotman, executive vice president upstream JVs at Shell, told Reuters. read more

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    Greenpeace activists climb Shell North Sea platform saying ‘clean up your mess’

    Greenpeace activists climb Shell North Sea platform saying ‘clean up your mess’

    By Ron Bousso: Reuters: October 14, 2019

    By Ron Bousso

    LONDON (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down.

    Pictures provided by Greenpeace show two people in yellow hats scaling one of two giant, rusty structures and unfurling a banner reading “Clean up your mess, Shell!”

    Shell confirmed that protesters boarded the Brent Alpha platform and the Brent Bravo concrete legs. read more

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    Shell to offset fuel carbon emissions at UK petrol stations

    Shell to offset fuel carbon emissions at UK petrol stations

    Oil giant Shell has announced plans to offset carbon emission from fuel at a number of its UK petrol stations.

    The new project will see Shell offset the carbon dioxide (CO2) emissions from customers’ fuel purchases on their behalf.

    The energy firm is planning to roll the initiative out across 1,000 Shell UK service stations.

    Sinead Lynch, Shell UK country chairwoman, said: “Switching to an electric vehicle is the best way for drivers to reduce their CO2 footprints and they can now charge on a growing number of our UK forecourts with 100% renewable electricity.

    “But today the majority of people still use petrol and diesel. We can help them address the impact of their emissions by offsetting their fuel purchases, starting now.” read more

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    Shell eyes North Sea oil and gas developments amid drive to go green

    Shell eyes North Sea oil and gas developments amid drive to go gree

    By Mark Williamson Group Business Correspondent

    THE head of Royal Dutch Shell’s UK business has said the oil giant is set to approve more developments in the North Sea amid calls from activists for curbs on activity to help tackle climate change.

    UK country chair Sinead Lynch said Shell is looking at projects across its North Sea heartlands. The firm thinks it can generate good returns in the area while supporting the effort to reduce carbon emissions in the UK to zero, net of amounts absorbed.

    “The North Sea for us is definitely an area where we want to continue to play,” said Ms Lynch, who reckons Shell could be in the area for decades. read more

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    Shell approves upgrade Britain’s North Sea Pierce field to produce gas

    Shell approves upgrade Britain’s North Sea Pierce field to produce gas

    LONDON (Reuters) – Royal Dutch Shell <RDSa.L> and Ithaca Energy have given the go-ahead for upgrading the Pierce oilfield in the British North Sea so that it can produce natural gas, Shell said on Thursday.

    The project involves modifying the existing floating production, support and offloading (FPSO) vessel and installing a sub-sea gas export line from the FPSO to the SEGAL pipeline.

    It also involves drilling new wells in the field, which now produces oil and reinjects gas into the reservoir. read more

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    Shell request sees Survitec increase lifeboat capacity on Shearwater gas hub

    Shell request sees Survitec increase lifeboat capacity on Shearwater gas hub

    Jackdaw will be tied back to the Shearwater platform, pictured.

    A request by Shell has seen offshore safety firm Survitec increase lifeboat capacity on the oil and gas giant’s Shearwater gas hub.

    The project, commissioned by Shell last year, asked Survitec to to increase lifeboat capacity on Shearwater by more than 22%.

    The replacement of three 49-person capacity lifeboats increased total capacity from 147 to 180.

    Andrew Sinclair, Shell project manager said: “This project was a priority for the Shearwater Asset allowing for a ramp up in project and maintenance activity to help unlock the platforms potential and secure a bright future for the facility.” read more

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    Shell to book writeoff as high as $350 million

    Shell to book writeoff as high as $350 million

    By : Published: Sept 30, 2019 3:23 a.m. ET

    Royal Dutch Shell PLC (RDSA.LN) said Monday that it expects to report extra upstream well write-offs of $250 million to $350 million in the third quarter, compared with the same period last year.

    In a statement ahead of its third-quarter earnings the oil major said it expects upstream production to be between 2.6 million to 2.7 million barrels of oil equivalent a day and downstream oil product sales volumes of 6.7 million to 7.4 million barrels a day.

    Shell said that integrated gas production for the quarter is expected to be between 930,000 and 960,000 barrels of oil equivalent a day. read more

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    Royal Dutch Shell searches for a purpose beyond oil

    , Senior Energy Correspondent: 27 Sept 2019

    The preceding three years offered plenty to talk about. Oil prices had collapsed; Shell had embarked on a complex $53bn takeover of natural gas giant BG Group and the company’s offices had been raided over a controversial Nigerian deal. Shell’s top brass were wrestling with a dilemma that has since beset every major oil and gas company. How should a company that generates most of its profits by meeting the world’s still-robust demand for oil and gas navigate the future as the political tide turns increasingly against fossil fuels. read more

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    Kazakhstan Seeking Additional $1B From Shell, Eni

    Bloomberg: Kazakhstan Seeking Additional $1B From Shell, Eni

    by  Bloomberg: Nariman Gizitdinov: Thursday, September 26, 2019

    Bloomberg) — Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter.

    The claim from the Central Asian nation’s government comes on top of last year’s similar-sized settlement from the Karachaganak partners. Kazakhstan has a history of disputes with international investors over revenue, taxes and cost-sharing at its energy projects. read more

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    OML 25: SPDC, Belema oil resolve dispute, resume operations in 10 days

    The Punch:

    OML 25: SPDC, Belema oil resolve dispute, resume operations in 10 days

    Sept 17, 2019

    The Nigerian National Petroleum Corporation with its joint venture partners, Shell Production Development Company and Belema OIL, have resolved the dispute on the operation of Oil Mining Lease (OML) 25.

    The feuding group at the signing of the dispute closure agreement in Abuja, on Tuesday agreed that operations at the oil well would take off in the next 10 days.

    The Minister of State for Petroleum Resources, Chief Timipre Silva, while signing the agreement, thanked all the parties stressing that the step signified the beginning of a new chapter in the industry. read more

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