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With oil past peak, Shell sharpens 2050 zero emissions goal

By Ron Bousso and Shadia Nasralla

LONDON (Reuters) – Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.

The Anglo-Dutch company is in the midst of its largest overhaul yet as it prepares to expand its renewables and low-carbon business in the face of growing investor pressure on the oil and gas sector to battle climate change.

Shell last year laid out a plan to reach net zero by 2050, in line with the Paris climate agreement and European Union ambitions, but it said the goal depended on its customers. read more

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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
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Europe pulls ahead in race for hydrogen, as global project pipeline grows: report

Hydrogen Council members – including Royal Dutch Shell Plc, BMW, Microsoft Corp and Sinopec – plan to increase hydrogen investments six-fold through 2025, from 2019 levels.

Europe pulls ahead in race for hydrogen, as global project pipeline grows: report

FILE PHOTO: The new Febus hydrogen bus is seen before a presentation in Pau, France, January 14, 2020. REUTERS/Regis Duvignau/File Photo

By : FEBRUARY 17, 2021

BRUSSELS (Reuters) – Most of the world’s planned hydrogen projects and the biggest chunk of related investments this decade are expected to be in Europe, an industry report said on Wednesday, as the continent races to scale up the low-carbon fuel to meet climate goals. read more

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Shell Deer Park, Texas, refinery and chemical plant shut – company

Shell Deer Park, Texas, refinery and chemical plant shut – company

Reuters Staff: FEBRUARY 16, 2021

HOUSTON (Reuters) – Royal Dutch Shell Plc shut its 318,000 barrel-per-day joint-venture Deer Park, Texas, refinery because of severe cold weather, the company said on Tuesday

The company’s adjoining chemical plant was also shut.

“Shell’s Deer Park facility has shut down due to unprecedented weather in the region,” the company said in an email. “As a result, flaring is expected to increase in the near term. There is no threat to the surrounding community and we continue to contribute power to the regional grid by way of our cogeneration facilities.” read more

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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

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Shell plans show steep curve ahead for carbon offset market

Shell plans show steep curve ahead for carbon offset market

By Reuters: FEBRUARY 12, 2021

LONDON (Reuters) – Royal Dutch Shell has set forth plans for nature-based carbon offsets, derived from forestry and soil stewardship projects, which outstrip the entire global market in its current form, as do its carbon capture and storage (CCS) capacity aims.

Graphic: Shell’s carbon offset ambition

Graphic: Big Oil’s 2019 greenhouse gas emissions Big Oil’s 2019 greenhouse gas emissions read more

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Shell LNG Canada’s coronavirus restart plan approved

Shell LNG Canada’s coronavirus restart plan approved

·

Feb 12 (Reuters) – Royal Dutch Shell’s LNG Canada export project in British Columbia has won approval from health officials for construction to ramp back up with improved coronavirus protection measures.

Work at the site was curtailed last month by an order from the Provincial Health Officer which applied to five major industrial projects in British Columbia, including LNG Canada.

“Our approved restart and measured workforce increase at the project site will continue over the coming months,” LNG Canada and JGC I Fluor, the engineering joint venture building the project, said in a statement on Thursday. read more

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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

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Dutch appeals court rules Shell Nigeria unit responsible for oil leaks

Dutch appeals court rules Shell Nigeria unit responsible for oil leaks

Reuters Staff: JANUARY 2021/ 10:32 

AMSTERDAM, Jan 29 (Reuters) – A Dutch appeals court on Friday said that the Nigerian subsidiary of Royal Dutch Shell was responsible for oil pipeline leaks in the Niger Delta and ordered it to pay unspecified damages farmers.

The decision went a step further than a 2013 ruling by a lower court, saying that Shell’s Nigerian subsidiary was responsible for multiple cases of oil pollution.

Reporting by Anthony Deutsch; editing by Jason Neely read more

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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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Shell-Exxon aims at $2.5 bln in Dutch subsidies for carbon storage

Shell-Exxon aims at $2.5 bln in Dutch subsidies for carbon storage

Thu, January 14, 2021, 6:17 PM

AMSTERDAM, Jan 14 (Reuters) – A consortium that includes oil majors Royal Dutch Shell and ExxonMobil has requested a total of 2.1 billion euros ($2.55 billion) in subsidies for a project to store CO2 gasses in empty Dutch gas fields in the North Sea, the Dutch Economy ministry said on Thursday.

The subsidies were requested together with industrial gas suppliers Air Liquide and Air Products for a project which aims to capture carbon dioxide emitted by factories and refineries in the Rotterdam port area in order to significantly reduce emissions in Europe’s largest sea port. read more

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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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Layoffs at shuttered Shell Convent, Louisiana, refinery to begin in late Feb -sources

Layoffs at shuttered Shell Convent, Louisiana, refinery to begin in late Feb -sources

By Reuters Staff: DECEMBER 18, 2020

HOUSTON (Reuters) -Layoffs of hourly workers at Royal Dutch Shell Plc’s shuttered Convent, Louisiana, refinery are scheduled to begin on the last day of February, said sources familiar with plant operations.

The next round of layoffs is scheduled for March 31, the sources said.

A Shell spokesman did not reply to a request for comment.

About 350 hourly workers will leave jobs they have performed for years at the 211,146 barrel-per-day (bpd) refinery located 46 miles (74 km) west of New Orleans. read more

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TIMELINE-Nord Stream 2: Russia to Germany gas pipeline’s difficult birth

TIMELINE-Nord Stream 2: Russia to Germany gas pipeline’s difficult birth

Maarten Wetselaar, Klaus Schaefer, Mario Mehren, Alexey Miller, Gerhard Schroeder, Isabelle Kocher, Gerard Mestrallet, Rainer Seele, and Matthias Warnig after signing of financing agreements for Nord Stream 2 gas pipeline project on April 24, 2017

Reuters Staff: DECEMBER 11, 2020

Dec 11 (Reuters) – Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday. read more

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Communities in oil-rich Niger Delta pin hopes on Shell climate case

Communities in oil-rich Niger Delta pin hopes on Shell climate case

DAKAR, Dec 1 (Thomson Reuters Foundation) – As a legal case over energy giant Shell’s planet-heating emissions kicked off in the Netherlands, activists said the health and livelihoods of people in Nigeria’s oil-producing region would hinge on its outcome.

Royal Dutch Shell faced its first court hearing on Tuesday in a lawsuit brought by environmental and human rights groups in The Hague, the company’s headquarters. read more

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Oil majors wipe $80 billion off books as epidemic, energy transition bite

Oil majors wipe $80 billion off books as epidemic, energy transition bite

By Ron Bousso:

By Ron Bousso

LONDON (Reuters) – The world’s top energy companies have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition.

Exxon Mobil, the largest U.S. oil company, announced on Monday it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest ever impairment following the sharp drop in energy prices this year. read more

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SSE, Equinor sign PPA for UK Dogger Bank offshore wind farm first phases

SSE, Equinor sign PPA for UK Dogger Bank offshore wind farm first phases

By Reuters Staff: NOVEMBER 24, 2020

LONDON (Reuters) – SSE and Equinor have agreed 15-year power purchase agreements (PPAs) for the first two phases of the Dogger Bank offshore wind farm they are developing off the coast of Britain, the companies said on Tuesday.

Separate PPA’s totalling 2.4 gigawatts of capacity for power from Dogger Bank A and B have been reached with Orsted, Shell Energy Europe Ltd, Danske Commodities and SSE’s energy supply business, SSE and Equinor said in a statement. read more

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Shell hires Orsted’s Brostrom to lead global renewables unit

Shell hires Orsted’s Brostrom to lead global renewables unit

By Reuters Staff: October 23, 2020 read more

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Shell says Pennsylvania ethane cracker about 70% complete

Shell says Pennsylvania ethane cracker about 70% complete

By Reuters Staff: October 9, 2020

Oct 9 (Reuters) – Royal Dutch Shell Plc said on Friday its multibillion-dollar petrochemical complex near Pittsburgh was about 70% complete and remains on track to enter service in the early 2020s.

After temporarily suspending construction activities on the ethane cracker in March to limit the spread of coronavirus, Shell said it has been re-introducing workers at a measured pace – bringing the total number of workers on site to about 6,500. read more

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TIMELINE-Twists and turns in Russia’s Nord Stream 2 gas pipeline to Germany

TIMELINE-Twists and turns in Russia’s Nord Stream 2 gas pipeline to Germany

By Reuters Staff: OCTOBER 7, 2020

Oct 7 (Reuters) – Poland has fined Russia’s Gazprom more than $7.6 billion for building the Nord Stream 2 gas pipeline without Warsaw’s approval, its watchdog said on Wednesday.

Russia’s bid to double its gas export capacity across the Baltic Sea has prompted opposition, including U.S. sanctions, stalling completion of the $11 billion pipeline.

In addition to Europe’s increased reliance on Russian gas, opponents are wary of Moscow’s motives as the pipeline will allow it to curb gas transit via Ukraine, cutting off a source of revenue for Kiev. 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’s $110 billion asset sale target could prove big ask

Big Oil’s $110 billion asset sale target could prove big ask

By Ron Bousso: October 1, 2020

LONDON (Reuters) – Leading energy companies are hoping to sell dozens of oil and gas fields and refineries worth more than $110 billion to curb both their ballooning debt and their carbon footprints.

But with the outlook for oil and gas prices uncertain because of the coronavirus pandemic and a shift to cleaner energy, finding buyers and striking deals might prove tricky.

“This is not a very good time to sell assets,” Total CEO Patrick Pouyanne said while presenting the French giant’s strategy to switch to renewables on Wednesday. read more

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Kosmos Energy to sell some exploration assets to Shell

COMMODITIES: SEPTEMBER 9, 2020 / 8:01 AM

Kosmos Energy to sell some exploration assets to Shell

(Reuters) – Oil and gas producer Kosmos Energy said on Wednesday it agreed to sell certain exploration assets in Africa and South America to a unit of Royal Dutch Shell for up to $200 million.

Shell will acquire the company’s participating interest in blocks offshore São Tomé and Príncipe, Suriname, Namibia and South Africa, Kosmos said in a statement.

Kosmos said it plans to use up to one-third of the initial sale proceeds of $100 million to test two high-quality infrastructure-led exploration prospects in the Gulf of Mexico. read more

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Kazakh gas station chain scraps Shell/Gulf franchise plans -sources

Kazakh gas station chain scraps Shell/Gulf franchise plans -sources

SEPTEMBER 1, 2020

MOSCOW/NUR-SULTAN, Sept 1 (Reuters) – PetroRetail, operator of Kazakhstan’s biggest gas station network, has scrapped plans to switch to either Shell or a Gulf brand and will instead revive its own Qazaq Oil brand, sources familiar with the plans told Reuters.

PetroRetail in a statement to Reuters confirmed plans to use its own brand but declined to disclose details.

The company, which purchased hundreds of gas stations from state energy firm KazMunayGaz in 2018, has moved to cut costs, including spending on brands, in the wake of a sharp drop in fuel demand due to the pandemic, market players say. read more

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INSIGHT- In the run-up to U.S. election, drilling lobby promotes natural gas as ‘clean’

INSIGHT- In the run-up to U.S. election, drilling lobby promotes natural gas as “clean”

By Valerie Volcovici, Andrew R.C. Marshall and Matthew Green: AUGUST 18, 2020

WASHINGTON/LONDON, Aug 18 (Reuters) – America’s biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying data.

The campaign by the American Petroleum Institute (API), targeted at younger voters and some tight congressional races, is part of a global battle by the drilling industry to assuage growing fears over the role of natural gas in driving climate change. read more

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Unit failure at Shell’s Pernis oil refinery resolved

Unit failure at Shell’s Pernis oil refinery resolved

AUGUST 18, 2020

LONDON (Reuters) – A unit failure at Royal Dutch Shell’s 404,000 barrel per day Pernis oil refinery in Rotterdam on Aug. 17 has been resolved, the company said on Twitter on Tuesday

The oil major said on Monday that the unit failure had led to flaring at the refinery, without identifying the unit in question.

Reporting by Ahmad Ghaddar; Editing by David Goodman

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Oil refiners shut plants as demand losses seen continuing

FACTBOX-Oil refiners shut plants as demand losses seen continuing

AUGUST 17, 2020 / 6:01 AM

Aug 17 (Reuters) – Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses.

The pandemic initially cut global fuel demand 30% and refiners temporarily idled plants. But consumption has not returned to pre-pandemic levels and lower travel may be here to stay, leading to tough decisions for permanent shutdowns. Here are some of the plants involved: read more

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Shell avoids loss with strong trading, wipes $17 billion off assets

Shell avoids loss with strong trading, wipes $17 billion off assets

Ron BoussoShadia Nasralla: JULY 30, 2020

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.

Shell had warned last month it was set to slash the value of its oil and gas assets by up to $22 billion as the coronavirus crisis hollowed out energy demand.

“Shell has delivered resilient cash flow in a remarkably challenging environment,” CEO Ben van Beurden said in a statement on Thursday. read more

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Exclusive: Raízen, Wilmar set to end sugar trading venture RAW – sources

Exclusive: Raízen, Wilmar set to end sugar trading venture RAW – sources

Reporting by Marcelo Teixeira and Maytaal Angel; editing by Jonathan Oatis: 02 JULY 2020

NEW YORK/LONDON (Reuters) – Brazil’s Raízen, the world’s largest sugar-making company, and Asian commodities trader Wilmar International (WLIL.SI) are set to end their partnership in the global sugar trading joint venture RAW, four sources familiar with the process said.

The joint venture, formed in 2016, was the second-largest trader of Brazilian sugar, with volumes around 4 million tonnes annually, and its dissolution will make the market more fragmented. read more

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DNV GL approves Shell’s CO2 technology use at Fortum’s plant

DNV GL approves Shell’s CO2 technology use at Fortum’s plant

JULY 2, 2020 OSLO, July 2 (Reuters) – EShell’s carbon dioxide capture technology has been approved for use at Fortum’s waste-to-energy plant in Oslo, the risk management and quality assurance firm DNV GL said on Thursday.

Fortum plans to build a full scale CO2 capture facility at the plant to reduce greenhouse gas emissions by 400,000 tonnes per year, the equivalent of emissions from 200,000 cars.

The pilot project showed that Shell’s CONSOLV CO2 technology could capture more than 90% of CO2 from the flue gas, DNV GL, which certifies that technology is as described and meets existing standards, said in a statement.

“The third-party technology qualification by DNV GL gave us confidence that the project risk related to implementing the Shell technology was low,” said Jannicke Gerner Bjerkas, the head of the project at the plant. read more

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Shell secures biogas supply as part low-carbon shift

Shell secures biogas supply as part low-carbon shift

JUNE 30, 2020 / 8:35 PM

COPENHAGEN (Reuters) – Royal Dutch Shell said on Tuesday it has agreed to buy renewable gas, known as biomethane, from Denmark’s Nature Energy, in what the smaller company termed the largest deal of its kind.

The gas will be supplied to Europe’s pipeline network from July 1. The size and financial details of the contract were not disclosed.

In April, Shell laid out the oil and gas sector’s most extensive strategy yet to reduce greenhouse gas emissions to net zero by 2050. read more

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Shell looks to Brazil solar power sales from farms that are due online in 2023

Shell looks to Brazil solar power sales from farms that are due online in 2023

Luciano Costa: JUNE 9, 2020

BRASILIA (Reuters) – Royal Dutch Shell PLC is ready to start negotiating with potential clients the sale of future solar power on Brazil’s free energy market from its first farms due to start operating in 2023, Shell’s solar business development manager for Latin America said.

In a telephone interview on Monday, Maria Gabriela da Rocha said the startup date would depend on the negotiations and was part of Shell’s strategy to move into renewable energy, betting on industries’ increasingly wanting to sign long-term clean energy contracts. read more

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Shell suspends operations in Argentina’s Vaca Muerta area after seismic activity

Shell suspends operations in Argentina’s Vaca Muerta area after seismic activity

JUNE 7, 2020

BUENOS AIRES (Reuters) – Oil company Royal Dutch Shell Plc (RDSa.L) said it has suspended operations at its Bajada de Añelo site in Argentina’s Vaca Muerta area after seismic activity in the region.

Shell, which operates the block along with local state oil firm YPF, said in a statement late on Saturday that the preventative suspension of activities came after seismic movements were registered in an area of Argentina’s Neuquén province near the Andes mountains bordering on Chile. read more

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Pandemic exposes cracks in oil majors’ bet on plastic

A massive Pennsylvania plastics project, owned by Shell, that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook, an energy industry report said on Thursday.

Pandemic exposes cracks in oil majors’ bet on plastic

Joe Brock: JUNE 4, 2020

SINGAPORE (Reuters) – The energy industry’s bet that a petrochemicals boom would support decades of oil and gas sales growth is on shaky ground as an already saturated plastic market is hit by a coronavirus demand shock.

While soaring demand for personal protective equipment and takeaway food containers has boosted sales of some plastics, it is likely to be only a temporary spike, say analysts. read more

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Germany denies Nord Stream 2 pipeline waiver of EU rules

The regulator said the Nord Stream 2 consortium – which also includes Uniper, Wintershall-Dea, Royal Dutch Shell, OMV and Engie – did not qualify for an exemption…

Vera Eckert: MAY 15, 2020

FRANKFURT (Reuters) – Germany’s energy regulator on Friday declined to grant a waiver of European Union gas directives to the operators of the Nord Stream 2 pipeline, dealing a fresh blow to the project to carry gas from Russia to Germany under the Baltic Sea.

Nord Stream 2, designed by Russia’s Gazprom to increase direct shipments to Europe, is far behind schedule and has faced political opposition from Washington, as well as from Ukraine and Poland through whose territory Russian gas is shipped to consumers in western Europe. 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.

Sakhalin-2 LNG postpones part of maintenance to 2021 -source

Sakhalin-2 LNG postpones part of maintenance to 2021 -source

Russia’s Sakhalin-2 liquefied natural gas (LNG) plant will postpone some annual maintenance work to 2021 due to logistic difficulties over the spread of the coronavirus, a source familiar with the plans told Reuters on Tuesday.

Russia’s second-largest LNG plant after Novatek-led Yamal LNG had initially planned to complete the work this summer.

However, the source said the maintenance would be done gradually, at one of two lines and start in June. The first stage of the maintenance would last about a month, the source said. read more

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Shell has bid in Dutch wind tender, eyes Rotterdam hydrogen plant

AMSTERDAM, May 7 (Reuters) – Shell Netherlands said on Thursday it bid in a tender last week to build a 760 MW wind farm off the Dutch coast, and it hopes to couple it with a large new hydrogen plant it would build in Rotterdam.

The Dutch subsidiary of Royal Dutch Shell said it had entered a bid in the Hollandse Kust Noord tender, together with a subsidiary of Japan’s Mitsubishi.

Other known bidders in the tender, the latest in a series of such auctions by the Dutch government, include Orsted of Denmark. read more

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UK watchdog clears Shell’s ‘drive carbon neutral’ ad on petrol pumps

By Matthew Green: MAY 6, 2020

LONDON, May 6 (Reuters) – Britain’s advertising watchdog has ruled Royal Dutch Shell’s ad campaign on petrol pumps promising customers they can “drive carbon neutral” is acceptable, following complaints.

The Anglo-Dutch oil major said in October it would become the first petrol retailer in Britain to offset the carbon dioxide emissions from customers’ fuel purchases at its service stations at no extra cost by backing forestry schemes.

The Advertising Standards Authority (ASA) said in March it had launched an investigation into an accompanying advertising campaign after receiving complaints from people who thought it was misleading given the role of oil in climate change. read more

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Oil Majors Take On More Debt To Fund Dividends

By Nick Cunningham – May 04, 2020, 5:00 PM CDT

Exxon posted its first quarterly loss in more than 30 years. But even as debt mounts and questions arise about peak oil demand, the oil supermajor nevertheless vowed to protect its dividend while also aiming to grow indefinitely into the future. Exxon lost $610 million in the first quarter, down from a profit of $2.4 billion a year earlier. Worse, the period only included a few weeks of oil prices at catastrophically low levels. As a result, the second quarter is bound to lead dramatically worse numbers. read more

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Transition to low-carbon energy may accelerate after crisis – Shell

Shadia Nasralla, Ron Bousso: APRIL 30, 2020

LONDON, April 30 (Reuters) – The ongoing transition to low-carbon energy sources may accelerate as economies recover from the impact of the coronavirus crisis, the head of oil and gas company Royal Dutch Shell said on Thursday.

Chief Executive Ben van Beurden said while Shell was not ringfencing its low-carbon Integrated Gas and New Energies division from spending cuts to weather the crisis, those businesses would be shielded from the worst of the reductions.

“Where possible, we try to spare (New Energies) a little bit and that is basically because we still believe that there is an energy transition underway which may even pick up speed in the recovery phase of this crisis and we want to be well positioned for it,” he said after Shell announced first-quarter results. 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.

China’s GCL, Shell sign preliminary deal on LNG trading joint venture

SINGAPORE, April 14 (Reuters) – GCL Oil& Natural Gas Co Ltd has entered a framework agreement with Royal Dutch Shell to explore setting up a joint venture based in eastern China to market and trade liquefied natural gas (LNG), the privately owned Chinese company said on Tuesday.

The proposed JV would secure LNG supplies from Shell and market the fuel to a receiving terminal which GCL is planning in Jiangsu province, GCL said in a statement.

A Shell spokeswoman confirmed the agreement. read more

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Shell’s carbon emissions drop in 2019 to four-year low

Ron Bousso: APRIL 8, 2020

LONDON (Reuters) – Royal Dutch Shell’s greenhouse gas emissions declined in 2019 to their lowest in four years, according to data provided by the energy company.

At the same time, burning of unused natural gas in Shell’s upstream oil and gas operations, a process known as flaring, rose last year by 13.5%, the data showed.

The increase in flaring was due mostly to an “unanticipated spike” in flaring during the start-up of the giant offshore Prelude liquefied natural gas plant in Australia, it said. read more

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Shell pulls out of U.S. Lake Charles LNG project, Energy Transfer delays FID

UPDATE 2-Shell pulls out of U.S. Lake Charles LNG project, Energy Transfer delays FID

Ron Bousso, Shradha Singh: MARCH 30, 2020 

* Energy Transfer delays FID from late 2020 to early 2021

* Shell relinquishes 50% stake amid spending cuts

* Decision comes after collapse in oil prices 

By Ron Bousso and Shradha Singh

March 30 (Reuters) – Royal Dutch Shell Plc pulled out of a major liquefied natural gas (LNG) export plant under development in Louisiana following the recent crash in oil and natural gas prices that has forced the company to make deep spending cuts.

Energy Transfer LP, which was developing the project with Shell, said it remains focused on the commercial development of Lake Charles and is working toward making an early 2021 final investment decision (FID) to build the plant. read more

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Shell to suspend construction of Pennsylvania chemical facility

MARCH 18, 2020 / 8:41 PM

NEW YORK (Reuters) – Royal Dutch Shell Plc RDSA.L will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus spreading, the company said in a statement late Wednesday.

Some local officials have called for construction to be stopped to limit the potential spread of the novel coronavirus, due to the large number of workers on the project. read more

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Big Oil Is Literally Burning Cash In The Permian

By Alex Kimani – Mar 15, 2020, 10:00 AM CDT

Global oil giants are facing ever-increasing public pressure and higher levels of scrutiny over their responsibility to curb harmful greenhouse emissions. Yet, in the sprawling oilfields of Texas, New Mexico and North Dakota, an industry-old practice of burning off unwanted natural gas has refused to die.

The burning off (flaring), as well as the intentional release (venting) of natural gas, is proving to be a black eye that Permian producers just can’t get rid of. read more

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Shell eyes tankers for oil floating storage after price collapse

Jonathan Saul, Ron Bousso: MARCH 11, 2020 LONDON (Reuters) – Royal Dutch Shell is in talks to charter at least three supertankers to store crude oil at sea as traders brace for a sharp rise in global stocks after OPEC and its allies abandoned a production cut deal, shipping sources said on Wednesday.

Shell has provisionally booked three 2 million barrel vessels, known as very large crude carriers (VLCCs), for storage options for at least three months, the sources said.

A Shell spokeswoman declined to comment.

Once the charters were fully negotiated, or fixed, they would be the first tankers to be used for floating storage after the recent fall in oil prices. [O/R]

The shipping sources said at least one of the vessels had an option to store oil in the United States.

Oil prices and the broader crude market pricing structure collapsed in recent days after OPEC and other major producing nations ended an output cut deal. 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.

Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister

MARCH 2, 2020 / 5:02 PM

CAPE TOWN (Reuters) – Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday.

“I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to further explore any offshore hydrocarbon potential,” minister Abdirashid Mohamed Ahmed said in a statement. read more

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UPDATE 2-Asia to absorb LNG supply growth from mid-2020 -Shell

Ekaterina Kravtsova, Nina Chestney: FEBRUARY 20, 2020

* LNG supply soared over past year, excess cargoes sent to Europe

* Shell sees supply growth easing from mid-2020

* Expects impact of coronavirus on Chinese demand to be temporary

* (Updates throughout with outlook for 2020, quotes from webcast)

By Ekaterina Kravtsova and Nina Chestney

LONDON, Feb 20 (Reuters) – Asia will be able to absorb most of the growth in liquefied natural gas (LNG) supply from the second half of 2020, with Europe ceasing to be a balancing market, Royal Dutch Shell said on Thursday.

Excess cargoes have been sent to Europe in the past year as global LNG supply has been soaring, in particular from projects in the United States and Australia. read more

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Canada’s Trudeau stresses the need for peaceful end to pipeline protests

COMMODITIES FEBRUARY 17, 2020 / 11:14 PM

TORONTO (Reuters) – Canadian Prime Minister Justin Trudeau on Monday called for a peaceful solution to end rail blockades by indigenous rights groups protesting the construction of a natural gas pipeline.

Indigenous communities across Canada have blocked key rail lines for nearly two weeks to oppose construction of the Coastal GasLink pipeline in British Columbia, which has forced Canada’s biggest railroad, Canadian National Railway Co, to shut operations in eastern Canada.

Trudeau, who called off a planned Barbados trip to resolve the escalating pipeline protests, told his top cabinet ministers that this “urgent situation needs to be approached in a way that builds trust and respect toward an immediate resolution with all parties.” read more

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Explainer: Why are indigenous groups protesting a Canada gas pipeline?

FEBRUARY 12, 2020

WINNIPEG, Manitoba (Reuters) – Protests broke out in many parts of Canada over the past week, triggered by arrests of dozens of protesters on traditional indigenous land along a route for TC Energy Corp’s (TRP.TO) planned Coastal GasLink pipeline.

The demonstrations have disrupted freight and passenger rail and Canadian Prime Minister Justin Trudeau on Wednesday urged protesters to find a quick solution.

WHAT ARE THE PROTESTS ABOUT?

The flashpoint was police arrests that started last week in northern British Columbia of protesters who oppose the pipeline’s construction on traditional land of the Wet’suwet’en indigenous people. 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 major Pernis oil refinery turnaround from early May

FEBRUARY 6, 2020

LONDON (Reuters) – Royal Dutch Shell said on Thursday it is planning a major maintenance turnaround at its Pernis oil refinery in the Netherlands starting on May 4.

A video posted on the company’s Dutch website said the major maintenance will take place in May and June and involve cleaning towers and heat exchangers as well as replacing others.

The major maintenance means Shell will not have to do another maintenance of the same scale for another 3 to 6 years at the refinery, which is Europe’s largest with a capacity to process 404,000 barrels per day of crude. 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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