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Royal Dutch Shell to invest $2 billion per year in Brazil: newspaper

MAY 9, 2019: SAO PAULO (Reuters) – Royal Dutch Shell PLC has plans to invest about $2 billion per year in Brazil through 2025, Chief Executive Ben van Beurden told newspaper Valor Econômico in an exclusive interview.

Its investment plans could be increased to allow the company to bid in three upcoming oil and gas auctions, Valor reported in its Thursday edition based on the interview.

Royal Dutch Shell will not focus exclusively on oil projects, the report said. It is interested in exploring opportunities in natural gas, biofuels and the solar energy sector, Valor said. read more

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Shell pursuing $1B exit from Indonesia LNG project – Reuters

May 3, 2019 9:04 AM ET|About: Royal Dutch Shell plc (RDS.A)|By: , SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) is moving to sell its stake in Indonesia’s $15B Abadi liquefied natural gas project, Reuters reports, part of its ongoing asset disposal program to raise cash to help pay for its $54B purchase of BG Group in 2015.

Shell hopes to raise ~$1B from the sale of its 35% stake in the Abadi project, according to the report.

Project construction was due to start in 2018 but was delayed in 2016 until at least 2020 after Indonesian authorities instructed a switch from an offshore to an onshore facility. read more

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Shell beats profit expectations on strong trading, LNG

Ron Bousso: MAY 2, 2019

LONDON (Reuters) – Royal Dutch Shell reported on Thursday a small drop in first quarter profit to $5.4 billion, but still easily beat forecasts, helped by stronger trading and liquefied natural gas earnings.

Shell’s results outshone those of rivals Exxon Mobil, Chevron and BP which all saw sharp declines in profits in the first three months of the year as a result of lower refining margins and weaker crude and gas prices.

Shell shares were up 1.4 percent shortly after trading opened.

“Shell has made a strong start to 2019,” Chief Executive Officer Ben van Beurden said in a statement.

“Our integrated value chain enabled our Downstream business to deliver robust results despite challenging market conditions.” read more

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UPDATE 1-Two Shell oil workers rescued after Nigeria Delta region kidnapping -police

By Tife Owolabi: Reuters

LAGOS, April 30 (Reuters) – Two Royal Dutch Shell oil workers who were kidnapped in Nigeria’s southern Niger Delta region last week have been rescued, a police spokesman and Shell Petroleum Development Company of Nigeria Limited (SPDC) said on Tuesday.

Kidnappings for ransom occur in much of Nigeria, Africa’s biggest oil producer, but are particularly prevalent in the Niger Delta which produces the majority of the country’s crude oil.

The pair were attacked in southern Rivers state last week while returning from an official trip to Bayelsa state. read more

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Two Shell oil workers kidnapped, police killed, in Nigeria’s Delta: police

APRIL 26, 2019 / 11:29 PM 

YENAGOA, Nigeria (Reuters) – Two Royal Dutch Shell oil workers were kidnapped, and their police escorts killed, in Nigeria’s restive Delta region, a police spokesman said on Friday.

The workers were in Rivers State, returning from an official trip to Bayelsa state, when they were attacked.

“The Shell Petroleum Development Company of Nigeria Limited (SPDC) regrets to confirm the attack on its staff and government security escort at Rumuji, Rivers State, on the East/West road on Thursday, April 25, 2019 around 16:00 hours,” an SPDC spokesman said. 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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Shell strikes big oil in Blacktip well of Gulf Of Mexico

APRIL 24, 2019 / 3:16 PM

(Reuters) – Royal Dutch Shell’s U.S. unit said on Wednesday that it had made one of its biggest oil discoveries in the Blacktip deepwater well in the U.S. Gulf of Mexico.

Blacktip, operated by Shell and co-owned by U.S. oil giant Chevron Corp, Equinor ASA and Repsol, is the company’s second material discovery in the Perdido Corridor, Shell’s Upstream Director Andy Brown said.

Blacktip was discovered in the Alaminos Canyon, about 30 miles from the Perdido platform and discovery at Whale, a deepwater well operated by Shell and co-owned by Chevron. read more

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Aramco to buy Shell’s stake in Saudi refining JV for $631 mln

DUBAI, April 21 (Reuters) – Saudi Aramco will acquire Royal Dutch Shell’s 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday.

The purchase, which is part of Aramco’s strategy to expand its downstream operations, will be completed later this year, they said in a joint statement.

Saudi Aramco Shell Refinery Co (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd). 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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Aramco plans to buy Shell’s stake in Saudi refining JV -sources

APRIL 17, 2019 / 12:46 PM

DUBAI, April 17 (Reuters) – Saudi Aramco plans to buy Royal Dutch Shell’s 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources said on Wednesday.

One of the sources said an agreement has been reached between Aramco and Shell.

Aramco and Shell declined to comment.

Saudi Aramco Shell Refinery Co (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd). 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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Explosion at Shell’s Scotford refinery

Explosion at Shell’s Scotford refinery

Emergency crews responded to an explosion and fire at Shell’s Scotford refinery in Alberta on Monday, a company spokeswoman said. There were no reported injuries.

The Scotford facility houses a 100,000 barrel-per-day refinery and a 255,000 bpd oil sands upgrader.

Local media reported flames and a large plume of black smoke coming from the refinery.

Shell spokeswoman Tara Lemay said the fire broke out around 8:45 a.m. local time and employees were being moved away from the incident as a safety precaution. Roadblocks have been set up at the entrances to the Scotford site and on roads nearby. 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 sells stake in Gulf of Mexico field for $965 million

APRIL 11, 2019 / 8:55 AM /

(Adds comment from Delek CEO, details on Caesar Tonga field, industry background)

April 11 (Reuters) – Royal Dutch Shell has agreed to sell its stake in the Caesar Tonga field in the Gulf of Mexico for $965 million in cash to a subsidiary of Israel’s energy conglomerate Delek Group.

Company unit Shell Offshore will sell its 22.45 percent non-operated interest in a deal, which is likely to close by the end of the third quarter of 2019, Shell said in a statement. read more

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Shell exits Gazprom-led LNG project in Russia

April 10, 2019: 12:58PM

ST PETERSBURG, Russia (Reuters) – Royal Dutch Shell has decided to exit the Baltic liquefied natural gas (LNG) project led by Russian state gas giant Gazprom in the Leningrad region, the chairman of Shell’s Russian unit said on Wednesday.

Shell, which has a long history of energy cooperation with Russia, said earlier on Wednesday it was studying the possible implications of a recent decision by Gazprom to move toward the full integration of its Baltic LNG and gas processing plants. read more

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Shell halfway through Norco, Louisiana gasoline unit overhaul – sources

Shell halfway through Norco, Louisiana gasoline unit overhaul – sources

APRIL 10, 2019

HOUSTON (Reuters) – Royal Dutch Shell Plc is about halfway through a planned overhaul of the gasoline-producing Residual Catalytic Cracking Unit (RCCU) at its 218,200 barrel-per-day (bpd) Norco, Louisiana refinery, said sources familiar with plant operations.

An overhaul of the 14,200 bpd Alkylation Unit also under way is expected to finish in about two weeks, the sources said on Tuesday.

Shell spokesman Ray Fisher declined to comment.

Work on the 112,000 bpd RCCU should finish in about a month if no problems develop, said the sources. They declined to be identified as they were not authorised to speak with media. read more

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Activist group withdraws resolution challenging Shell climate policy

APRIL 7, 2019

LONDON (Reuters) – An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on the issue.

The Anglo-Dutch energy company drew rare praise from investors and environmental activists in December when it set out plans to introduce industry-leading targets to reduce greenhouse gas emissions and link them to executive pay.

Nevertheless, Dutch activist group Follow This tabled several days later a resolution urging Shell to drastically reduce its spending on fossil fuel. read more

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Shell starts to offset some drivers’ carbon with new trees

FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. REUTERS/Yves Herman/File Photo

APRIL 8, 2019

LONDON (Reuters) – Oil giant Royal Dutch Shell will launch a program allowing customers at its petrol stations in the Netherlands to offset their carbon emissions by buying credits to support environmental projects, the group said on Monday.

Shell plans to invest $300 million over the next three years on the program, it said. read more

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Shell enters China’s shale oil scene with joint study with Sinopec

Chen Aizhu: APRIL 8, 2019 SINGAPORE (Reuters) – Royal Dutch Shell has entered China’s shale oil sector, signing an agreement with state-owned Sinopec to study an East China block, part of the nation’s early efforts to unlock the potentially massive unconventional resource.

China is already in the initial stages of developing its vast shale gas resources, with production last year making up just 6 percent of total gas output after more than a decade of work. China’s shale oil is at an even more basic phase due to challenging geology and hefty development costs, experts said.

Shale oil makes up less than 1 percent of China’s crude output after several years of development, according to Angus Rodger, research director of Asia-Pacific upstream at Wood Mackenzie. read more

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Shell expects strikes to hit Pernis oil refinery production

April 8, 2019

LONDON, April 8 (Reuters) – Royal Dutch Shell confirmed labour strikes started on Monday at its 404,000 barrel per day Pernis oil refinery in the Netherlands and that production would be affected.

“There will be impact on production but at this point we can’t say exactly what the exact impact will be because we don’t know yet,” a spokeswoman said.

“We are taking it day by day, we will have another technical meeting with the unions this afternoon, and we will take it from there,” she added. read more

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Shell expects strike at Pernis oil refinery to go ahead on Monday

LONDON, April 5 (Reuters) –

* Royal Dutch Shell expects planned strikes at its 404,000 barrel per day Dutch Pernis oil refinery to go ahead as planned on Monday, according to a spokeswoman.

* Shell currently has no estimate on the extent to which the strike might impact production, she added.

* The strike, which comes after unions demanded higher wages, will also impact Shell’s Moerdijk chemical plant.

(Reporting By Shadia Nasralla; Editing by Susan Fenton)

SOURCE

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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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Shell sees rise in Nigeria oil spills in 2018

LONDON, April 2 (Reuters) – Royal Dutch Shell last year experienced a sharp rise in the number of oil spills caused by pipeline theft in Nigeria, which the company said were the result of larger output and higher oil prices.

The number of spills caused by sabotage and theft in the Niger delta rose last year to 111 from 62 in 2017, the Anglo-Dutch company said in its annual sustainability report.

The volume of oil spilt as a result rose to 1,600 tonnes, or roughly 12,000 barrels, from 1,400 tonnes the previous year. read more

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Shell to quit U.S. refining lobby over climate disagreement

Ron Bousso: 2 April 2019

* Shell to leave AFPM in 2020 over climate “misalignment”

* Shell releases first report on links with industry groups

* Investor welcomes report as “industry first”

LONDON, April 2 (Reuters) – Royal Dutch Shell Plc on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies, citing its support for the goals of the Paris climate agreement.

In its first review of its association with 19 key industry groups, Shell said it had found “material misalignment” over climate policy with the American Fuel & Petrochemical Manufacturers (AFPM) and would quit the body in 2020. read more

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Strike to cut output at Shell’s Pernis oil refinery from April 8 – union

29 March 2019

AMSTERDAM/LONDON (Reuters) – Workers at Royal Dutch Shell’s Pernis oil refinery, Europe’s largest, and the Moerdijk chemical plant in the Netherlands will go on strike and reduce output from April 8 in a bid for higher wages, Dutch labour union CNV said on Friday.

Production at the 400,000 barrel per day refinery and the chemical plant will be reduced and kept lower until an agreement is reached, CNV spokesman Piet Verburg said.

The exact reduction in output is not yet clear. read more

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Shell ships first condensate cargo from Prelude off Western Australia

MARCH 25, 2019

MELBOURNE, March 25 (Reuters) – Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating liquefied natural gas (FLNG) project off northwestern Australia over the weekend.

“We can confirm that the first shipment of condensate has sailed from the Shell-operated Prelude FLNG facility. This is another step towards steady state operations,” a Shell spokeswoman said in emailed comments.

Shell had hoped to start generating cash flow from Prelude in 2018, but has yet to start shipping LNG from the project, which was to have been the world’s first floating LNG facility but was beaten by Malaysia’s Petronas. read more

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Shell goes green as it rebrands UK household power supplier

By Ron Bousso, Susanna Twidale: March 24, 2019

LONDON (Reuters) – Just over a year after buying First Utility, Royal Dutch Shell (RDSa.L) has rebranded the British household energy supplier and is switching all its customers to renewable electricity as the oil and gas giant seeks to expand its low-carbon business.

The move by the Anglo-Dutch company poses a challenge for Britain’s long-standing retail power suppliers whose profit margins have come under growing pressure due to intense competition and the regulator’s price cap. read more

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Workers at Dutch Pernis refinery give Shell one week to avert strikes

22 March 2019

AMSTERDAM (Reuters) – Workers at Royal Dutch Shell’s Pernis refinery in the Netherlands will go on strike if Shell does not meet their demands for a pay raise before Thursday night, Dutch labor union FNV said on Friday.

Workers at the 400,000 barrel per day refinery will determine the shape and timing of possible actions at the beginning of next week, FNV spokesman Egbert Vellenberg said.

Reporting by Bart Meijer; Editing by Kirsten Donovan

SOURCE

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LNG Canada expansion to be decided by 2025: CEO

LNG Canada expansion to be decided by 2025: CEO

HOUSTON (Reuters) – Royal Dutch Shell and its partners building a massive liquefied natural gas (LNG) export terminal in Western Canada will decide by 2025 whether to double its capacity, the head of the project said.

The $31 billion LNG Canada project last October became the first major project in five years to be approved, with first exports of the super-chilled fuel planned for 2025.

The second phase of the project will include two new processing lines known as trains that will double the plant’s capacity to 28 million tonnes of LNG per year. read more

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Shell sets its first carbon reduction targets on output, consumption

Shell sets its first carbon reduction targets on output, consumption

Ron Bousso: March 14, 2019 HOUSTON (Reuters) – Royal Dutch Shell said on Thursday it planned to reduce carbon emissions from its oil and gas operations and product sales by 2 percent to 3 percent during the 2016-2021 period, the first time the company has issued carbon footprint targets. The targets, which will be linked to executive pay, aim to cut greenhouse gas emissions from its oil and gas extraction and refining as well for fuels and other products sold to millions of customers, known as Scope 3 emissions.

Rivals BP and Total have already set short-term targets on reducing carbon dioxide emissions, but those planned cuts are limited to their own operations and exclude Scope 3 emissions.

“Early 2019, it was decided to set a Net Carbon Footprint target for 2021 of 2-3 percent lower than our 2016 Net Carbon Footprint of 79 grams of CO2 equivalent per megajoule,” Shell said in its 2018 annual report, which was released on Thursday.

The targets will be linked to the remuneration of around 150 executives in 2019, and expanded to 16,000 employees next year. read more

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Shell urges Trump White House to tighten methane leak rules

Ron Bousso: MARCH 12, 2019

HOUSTON (Reuters) – Royal Dutch Shell urged U.S. President Donald Trump’s administration on Tuesday to tighten restrictions on greenhouse gas emissions from oil and gas production, instead of weakening them as planned.

Breaking from a decades-old tradition of avoiding criticism of U.S. government policies, Shell’s U.S. Country Chair Gretchen Watkins called on the U.S. Environmental Protection Agency (EPA) to tighten rules to plug methane leaks, a potent greenhouse gas. read more

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Shell and Eneco team up in bid for Dutch offshore wind farms

AMSTERDAM, March 13 (Reuters) – Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, the companies said on Wednesday.

The tender for the wind farms, with total capacity of 750 megawatts (MW), is open until March 14 for bids that require no subsidies on electricity prices.

The Dutch were among the first to offer a ‘zero subsidy’ tender for wind power in 2017, with Sweden’s Vattenfall winning the right to build a 700 MW wind farm without price support. read more

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Shell, HES to resurrect German oil refinery ahead of IMO 2020 shipping rules

March 12, 2019, 09:46:00 AM EDT By Reuters

By Ahmad Ghaddar

LONDON, March 12 (Reuters) – Royal Dutch Shell has struck a deal with Dutch tank terminal firm HES International to partially restart a German oil refinery mothballed since 2011 in response to new restrictions on marine fuels, two trading sources told Reuters.

A new cap set by the International Maritime Organization (IMO) that will cut the sulphur content in shipping fuel to 0.5 percent from 3.5 percent from next year is set to be one of the biggest fundamental events to hit oil markets in years. 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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Shell aims to boost gas output from Norway’s Ormen Lange field

Lefteris Karagiannopoulos: February 27, 2019 OSLO (Reuters) – Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of its Norwegian operations said on Wednesday.

Output from Shell-operated Ormen Lange, Norway’s second-largest gas field and one of the key external gas supply sources for Britain, has been gradually declining since its 2012 peak.

The company postponed plans to artificially increase the field’s pressure to pump out more gas in 2014 due to high costs.

With costs having fallen since, the company and its partners, including Norway’s Equinor and ExxonMobil, now aim to choose between two proposals to improve output and recoverable reserves, said Rich Denny, head of Shell’s operations in Norway. read more

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Shell, PetroChina JV Arrow wins leases for big Australian gas project

MELBOURNE (Reuters) – Royal Dutch Shell and PetroChina joint venture Arrow Energy on Thursday was granted leases for a A$10 billion (5.37 billion pounds) project to develop Australia’s biggest coal seam gas resource.

The Queensland government said it had granted 14 leases to Arrow Energy for the Surat project, which holds 5 trillion cubic feet (140 billion cubic metres) of gas. Arrow agreed in December 2017 to a 27-year deal to sell output from Surat to the Queensland Curtis LNG (QCLNG) project run by Shell. read more

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Shell says Nigeria tax claims may delay major offshore field

* Shell upstream boss Brown sees ‘no merit’ in tax claim

* Bonga Southwest development decisions may slip into 2020

* Shell to fast track Whale development in Gulf of Mexico

By Ron Bousso: FEBRUARY 26, 2019

LONDON, Feb 26 (Reuters) – Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the West African nation.

Nigeria ordered several major foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources told Reuters. read more

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Global LNG trade to rise 11 percent this year: Shell

FEBRUARY 25, 2019 / 6:50 AM

LONDON (Reuters) – Global liquefied natural gas (LNG) trade will rise 11 percent to 354 million tonnes this year as new facilities increase supplies to Europe and Asia, Royal Dutch Shell said in an annual LNG report on Monday.

Shell, the largest buyer and seller of LNG in the world, said trade rose by 27 million tonnes last year, with Chinese demand growth accounting for 16 million tonnes of those volumes.

Shell’s forecasts, which see LNG demand climbing to 384 million tonnes next year, reflect a burgeoning industry with new production facilities opening in Australia, the United States and Russia and more countries becoming importers by constructing receiving terminals. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell shrugs off Brexit to eye foothold in UK offshore wind market

LONDON (Reuters) – Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country’s impending departure from the European Union, the head of the company’s New Energies division said.

Oil firms are increasingly building portfolios of clean energy projects to satisfy investor demands that they reduce their carbon footprint. Shell previously said it would spend $1 billion to $2 billion a year on green technology. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Exclusive: Nigeria hits oil majors with billions in back taxes

FILE PHOTO: A view shows the Bonny oil terminal in the Niger delta which is operated by Royal Dutch Shell in Port Harcourt, Nigeria August 1, 2018. REUTERS/Ron Bousso/File Photo

RON BOUSSO: FEBRUARY 21, 2019

LONDON (Reuters) – Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.

In a letter sent to the companies earlier this year via a debt-collection arm of the government, Nigerian National Petroleum Corp (NNPC) cited what it called outstanding royalties and taxes for oil and gas production. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell, PetroChina spat holds up biggest Australian coal seam gas project

Sonali Paul, Chen Aizhu: February 21 2019

MELBOURNE/SINGAPORE (Reuters) – Royal Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow Energy joint venture, holding up development of Australia’s biggest coal seam gas resource, three industry sources said.

PetroChina, the listed arm of China National Petroleum Corp (CNPC), is eager to start developing Arrow’s 5 trillion cubic feet (140 billion cubic meters) of gas in the Surat Basin in Queensland to turn around loss-making Arrow Energy, one of its key overseas assets. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell teams up with Repsol to explore for oil and gas off Bulgarian coast

FEBRUARY 20, 2019

SOFIA (Reuters) – Bulgaria has given permission to Royal Dutch Shell to transfer 20 percent of the rights to explore a block off its Black Sea coastline for gas and oil to Spain’s Repsol, the government said on Wednesday.

In December, Shell was allowed to transfer 30 percent of its drilling rights to Australia’s Woodside Energy.

The Balkan country contracted Shell for deepwater exploratory drilling in 2016 as part of its efforts to end its almost complete reliance on Russia’s natural gas supplies. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell buys German solar battery maker sonnen

FEBRUARY 15, 2019

FRANKFURT (Reuters) – Royal Dutch Shell has agreed to buy German residential solar battery maker sonnen, as the oil and gas major expands its electricity business in its bid for a bigger role in the global transition to low-carbon energy.

Sonnen, which has 40,000 battery systems worldwide and in 2017 had sales of 65 million euros ($73 million), is the German market leader in home storage batteries and has expanded into electric vehicle charging systems.

Regulatory approval and completion of the transaction, involving Shell New Energies, was expected in the first quarter of 2019, a sonnen spokesman said, without giving a value. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell aims to increase LNG exports from Egypt -executive

Shell aims to increase LNG exports from Egypt -executive

FEBRUARY 12, 2019

CAIRO, Feb 12 (Reuters) – Royal Dutch Shell aims to increase liquefied natural gas (LNG) exports from Egypt this year as it ramps up production from a West Delta field, the company’s country chairman Gasser Hanter said on Tuesday.

The company shipped 12 LNG cargoes from the Idku plant last year and is “hoping for more” this year, Hanter told reporters in Cairo, adding that the West Delta Deep Marine field Phase 9B project should be completed by the end of this year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell, Mitsubishi and Brazil’s Pátria in $700 million power JV in Rio

FEBRUARY 11, 2019 / 8:55 PM

SAO PAULO (Reuters) – Royal Dutch Shell Plc, Brazil’s private equity group Pátria Investimentos and Mitsubishi Hitachi Power Systems, on Monday said they would invest $700 million to build and operate a gas-fired power plant in the state of Rio de Janeiro.

The joint venture will build the Marlim Azul thermal power plant with capacity of 565 megawatts (MW) in Macaé, along Rio’s coast, and will use natural gas supplied by Shell Brasil Petróleo Ltda. Pátria will have 50.1 percent of the venture, with 29.9 percent held by Shell and 20 percent by Mitsubishi. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell leads cash race but Exxon catching up

Shell leads cash race but Exxon catching up

Ron Bousso: 8 Feb 2019

LONDON (Reuters) – Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.

The five leading firms, known as oil majors, more than tripled profits and doubled cash generation since 2016 as deep cost cutting bore fruit after an industry slump. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell open to carmaker partners in EV charging expansion

Shell open to carmaker partners in EV charging expansion

FEBRUARY 1, 2019

STOCKHOLM (Reuters) – Shell is open to partnerships with carmakers to expand electric vehicle (EV) charging beyond its petrol stations, one of the oil major’s executives said on Friday.

As part of efforts to compete with rival BP in the growing EV sector, Shell this week bought U.S. charger provider Greenlots – a supplier for Volvo and Volkswagen’s U.S. subsidiary as well as for utilities and residential sites – for an undisclosed sum. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell sticking with spending discipline as 2018 profits soar

Shell sticking with spending discipline as 2018 profits soar

Ron Bousso: January 31, 2019

LONDON (Reuters) – Royal Dutch Shell said to would stick to spending discipline this year after 2018 profits jumped by more than a third to $21.4 billion, their highest since 2014.

The Anglo-Dutch oil company also reported a sharp rise in cash generation, in a further sign that cost savings since the 2014 oil market downturn are filtering into its operations.

Its shares were up by more than 4 percent at 1120 GMT.

A strong performance in the fourth quarter was driven by higher oil and gas prices, year-on-year, as well as a stronger contribution from crude oil and liquefied natural gas (LNG) trading. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Union says time running out for new refinery contract: sources

Union says time running out for new refinery contract: sources

JANUARY 29, 2019

HOUSTON (Reuters) – The United Steelworkers union (USW) warned on Tuesday that time was running out to reach a new national agreement for U.S. refinery and chemical plant workers before the current pact expires on Friday, sources familiar with the talks said.

The USW and Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, have been in talks since Jan. 16 for an accord on wages, benefits and safety covering 30,000 refinery, chemical plant and pipeline workers. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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