Posts under ‘Unconventionals’

REUTERS

Shell and Norsk Hydro team up for green hydrogen

November 9, 20217:29 AM GMT

OSLO, Nov 9 (Reuters) – Royal Dutch Shell (RDSa.L) and Norsk Hydro (NHY.OL) are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday.

The Anglo-Dutch oil giant and the Norwegian aluminium maker’s green hydrogen unit, Hydro Havrand, have signed a memorandum of understanding (MoU) and begun initial work to identify opportunities to produce and supply renewable hydrogen. read more

Shell says green power shift will lift need for Australia’s LNG

By Nick Toscano: March 26, 2021

The Australian boss of global energy giant Shell sees demand for liquefied natural gas exports continuing to grow until at least the late 2030s even as COVID-19 hastens the shift away from planet-warming fossil fuels.

Shell, which believes its oil output may have hit a peak in 2019 and is now likely to gradually decline, has revealed a brighter outlook for its liquefied natural gas (LNG) assets including those in Queensland and off Western Australia. read more

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

Shell New Energies is to acquire a 51% stake in Simply Blue Energy’s Kinsale floating wind venture.

Kinsale was set up to develop the Emerald project, a floating wind farm in the Celtic Sea, off the south coast of Ireland.

The new JV will be operated by Simply Blue Energy supported by Shell floating wind experts, with the project office based in the Cork City Docklands rejuvenation area.

The partnership combines Simply Blue’s track-record in developing floating wind projects and local knowledge of the Celtic Sea environment with Shell’s offshore experience, floating wind expertise and ability to develop large complex projects. read more

“Fossil fuel companies, like tobacco companies before them, have allowed governments to pay for the harms caused by their products“…

5 legal tactics environmentalists are using to fight climate change

Activists are increasingly using litigation as a tool to influence climate action worldwide. Here’s a look at some of the main tactics they’re wielding to force change on fossil fuel firms and weak government policies.

More than 700 climate lawsuits have been filed around the world since 2015, according to the Climate Change Litigation Databases. That’s a huge increase, considering there have only been about 1,700 of these types of cases since the late 1980s, most of them in the US. read more

Russia is not forcing Shell to buy its gas. Shell is also a big investor in solar power and is a 50% owner in offshore wind farms Atlantic Shores in New Jersey and the Mayflower Consortium in Massachusetts.

Kenneth Rapoza Senior Contributor: Dec 28, 2019

Last week’s announcement from the White House of a cease and desist order for the foreign firms building the Russia-to-Germany natural gas line may come about a year too late.

Nord Stream 2 was always seen as a slap in the face to Ukraine, once a main route into Europe for Gazprom’s natural gas from Russia. But Russia and Ukraine have since gone their separate ways, pulled closer into Europe and the U.S.’s orbit by both Washington and Brussels, and now Russia has opted to look for alternatives. read more

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

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

John Parnell: Contributor: 25 Feb 2019

Today there were reports that oil and gas giant Shell is keen to get involved with the UK’s vibrant offshore wind sector. Earlier this month it announced that it bought the German energy storage and management provider sonnen.

If news had broken three years ago that Shell had acquired a 100% stake in a German energy storage company the reaction would have been confusion, surprise and probably a dose of suspicion.

In that time, the company has launched a consumer-facing utility brand, acquired an EV infrastructure firm and declared that electricity will be the “fourth pillar” of its business. read more

Oil giant Shell is rumoured to be keen on entering the UK offshore wind market, according to the firm’s new energy president.

Written by David McPhee – 25/02/2019 10:48 am

Mark Gainsborough, executive vice president of Shell New Energies, told Reuters during an interview last week that his firm intends to buy up UK seabed leases or buy up stakes in existing projects.

Shell recently bought a majority stake in a floating wind project planned for 2020

Originally investing 33% in the ‘TetraSpar’ floating foundation demonstrator turbine last year, Shell will now own 66% of the project.

Shell also pledged up to £1.4billion in new renewable energies last year. read more

Makani could become a player in offshore wind power.

Alphabet is turning yet another one of its X projects into a business, but this time it’s enlisting the help of an unusual ally. Makani Power, a venture making electricity-generating kites (see above), has become a full-fledged subsidiary of Alphabet thanks in part to a minority investment from Shell — yes, the fossil fuel giant. The two hope to shift the technology from the land to offshore, where winds are stronger. They’re betting that the kites will be easier to deploy than conventional wind farms, since they could deploy with floating buoys instead of requiring platforms that reach down to the ocean bed. read more

19 December 2018

(Reuters) – EDF Renewables North America said on Wednesday it had formed a joint venture with oil and gas firm Royal Dutch Shell plc’s (RDSa.AS) new energies division to co-develop a lease area for offshore wind energy in New Jersey.

The area, spread over 183,353 acres and located off the coast of Atlantic City, has the potential to produce about 2,500 megawatts of offshore wind energy, EDF said in a statement.

The Trump administration is streamlining permits for offshore wind industry and carving out new areas for leasing to boost domestic energy production and jobs. read more

Feb. 14, 2018 10:39 AM ET|By: Carl Surran, SA News Editor read more

The president of Royal Dutch Shell Plc’s U.S. division is leaving the company as part of a reorganization announced Wednesday, and Executive Vice President Bruce Culpepper was named as his successor.

Marvin Odum, 57, has been with the company for 34 years and held the post at its U.S. division, Shell Oil Co., since oil prices were at record highs. He also was in charge during Shell’s failed Arctic drilling bid. Culpepper, who will become the U.S. country chairman and the president of Shell Oil on April 1, has been overseeing human resources in the Americas.

“Marvin has had a long and distinguished Shell career and I’m grateful to him for the central role he’s played in the company’s success,” said Ben van Beurden, chief executive officer of Royal Dutch Shell, in a news release Wednesday. “He leaves our important businesses in the Americas well positioned for the next phase of their development.” read more

Extracts from a Bloomberg article published 31 March 2015

Iran riches coveted by big oil after decades of conflict

Now, as Iran and the US enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the West Asian country is emerging again as a potential prize for western oil companies such as BP, Royal Dutch Shell Plc, Eni SpA and Total SA.

The restoration of Western oil investment appears to be a priority for Iran in its nuclear talks with the U.S., U.K, France, Germany, Russia and China. A year ago, the new Iranian President Hassan Rouhani used a speech during the World Economic Forum in Davos to court the European oil majors. read more

Extracts from an Associated Press article published 15 April 2014 by THE REPUBLIC read more

Extracts from an article by Holly Cook published 14 April 2014 by MorningStar

Investor sentiment on Shell today is decidedly negative after years of poor execution. Shell’s big shale bets have been a huge bust, crushing the profits and returns of its upstream operations in North America. This is likely to be a drag on returns for years unless gas prices rebound or impairments are taken. Europe is a terrible region for refining and Shell is heavily exposed.

FULL ARTICLE

Extracts from an article by Michelle Wheeler published Friday 11 April 2014 by phys.org

The world has enough natural gas to last nearly 400 years at the current rate of consumption or 110 years if production increases at a rate of two per cent a year, according to a Curtin University study. Curtin University adjunct research fellow Roberto F. Aguilera says much of the world’s natural gas – both conventional and unconventional – is located in Australia. “It’s that conventional gas that is likely to make Australia the biggest LNG exporter in the world, maybe by the end of the decade,” he says. read more

Extract from an article by Carey Gillam published by Reuters, 5 April 2014, under the headline: Series of small earthquakes rock Oklahoma in record seismic activity

(Reuters) – Earthquakes rattled residents in Oklahoma on Saturday, the latest in a series that have put the state on track for record quake activity this year, which some seismologists say may be tied to oil and gas exploration. One earthquake recorded at 3.8 magnitude by the U.S. Geological Survey rocked houses in several communities around central Oklahoma at 7:42 a.m. local time. Wastewater disposal related to the fracking is suspected by many scientists to contribute to the earthquake activity. Millions of gallons of wastewater are typically trucked from a fracking site to wells where the water is injected thousands of feet underground into porous rock layers. That work, if done near a fault, can trigger larger quakes, according to several recent scientific studies. read more

There are so many things wrong in China and RDS has no idea of what is going on. Investors be aware that it is a sink hole with no financial bottom and the “good ole boy” politics are in play in China.

Posting on Shell Blog by “Tyler” on 2014/04/05 at 04:04

Let’s talk China.

Shell has made commitment to drill Sichuan Province (press release 03/2014). What the story doesn’t tell everyone is that Shell has spent 1 Billion USD and has yet to find sustainable gas.

It also does not address the fact that Shell China has gone from 9 rigs to 1 rig in Sichuan.

Office staff in Chengdu is over 500 people for a 1 rig operation, by the end of 4Q 2014.

Let’s not forget that Shell China has been put under the US Unconventional Wells group. These are the same ones that screwed up the US Shale Gas Projects. The new manager is Chengdu is an American who came from Alaska, we know how that turned out. read more

Extract from a highly informative article by Guy Chazan published on 1 April 2014 by The Financial Times

Late last year, for example, Shell decided not to proceed with a multibillion-dollar plant on the US Gulf Coast that would have converted gas into synthetic diesel. Unusually, it canned the project before it had even carried out the basic design work. Mr van Beurden says that is the shape of things to come.

FULL ARTICLE

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Extract from an article by Guy Chazan and James Wilson published by The Financial Times on 1 April 2014

Royal Dutch Shell has said it will deploy more Chinese equipment at its struggling US shale business – becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers. Mr van Beurden, who took the reins at Shell in January, said one of his biggest challenges was to turn around the company’s North American shale business.

FULL ARTICLE

Extract from an articled published on 1 April 2014 by Seeking Alpha under the headline: Shell turning to Asian suppliers, underscoring threat to Caterpillar, Joy Global

Royal Dutch Shell (RDS.A, RDS.B) says it will use more Chinese equipment at its struggling U.S. shale business, becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers. Shell’s shift to lower-cost Chinese manufacturers underscores the potential threat to western industrial equipment makers such as Caterpillar (CAT) and Joy Global (JOY) from their competitors in emerging markets. read more

Extracts from an Alice Young article published 19 March 2014 by iNVEZZ.com under the headline: Shell share price: Group reorganises American shale operations

Royal Dutch Shell Plc has reorganised its American shale gas and oil operations into a single business in an attempt to improve their performance, the Financial Times has reported. According to the FT report, senior Shell executives told investors in a presentation in New York that for the past 14 months, the company had been operating its shale extraction business in the US, Canada and South America as a single unit… read more

Peter Voser said the failure of Royal Dutch Shell’s huge bet on US shale was a big regret of his time as chief executive of the company. Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But it is a bet that has yet to pay off. “Unconventionals did not exactly play out as planned,” Mr Voser said.

From an oil industry expert: Unconventional Oil and Gas

The following is an extract from an article by Guy Chazan published on 6 October 2013 by the Financial Times under the headline: “Peter Voser says he regrets Shell’s huge bet on US shale“

Peter Voser said the failure of Royal Dutch Shell’s huge bet on US shale was a big regret of his time as chief executive of the company. Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But it is a bet that has yet to pay off. Its North American upstream business has struggled to turn a profit and in August Shell announced a strategic review of its US shale portfolio after taking a $2.1bn impairment. “Unconventionals did not exactly play out as planned,” Mr Voser said. read more