BBC NEWS

Shell reports highest profits in 115 years

Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine.

By Simon Jack & Nick Edser: 2 FEB 2023

Profits hit $39.9bn (£32.2bn) in 2022, double last year’s total and the highest in its 115-year history.

Energy firms have seen record earnings since oil and gas prices jumped following the invasion of Ukraine.

It has heaped pressure on firms to pay more tax as households struggle with rising bills.

Opposition parties said Shell’s profits were “outrageous” and the government was letting energy firms “off the hook”. They also called for the planned increase in the energy price cap due in April to be scrapped. read more

REUTERS

Shell and Eneco win right to build large Dutch offshore windfarm

OFFSHORE ENGINEER

Shell Bids to Build Offshore Wind Farms in Poland

24 JUNE 2022

Shell’s subsidiary Amber Baltic Wind Ltd has submitted proposals for new offshore wind locations in the Polish Baltic Sea zone as part of the latest government tender.

The sites included in the tender will help deliver Poland’s ambition of reaching 11 GW of installed offshore wind capacity by 2040.

Citing a WindEurope report, Shell said that the Polish part of the Baltic Sea could host as much as 28 GW of offshore wind by 2050. read more

Bloomberg

Shell seeks permits to build offshore wind farms along Brazil’s coast

Shell plans to sell electricity from the wind farms to the country’s hydrogen industry

Published:  March 19, 2022 14:21 Bloomberg

London: Energy giant Shell is seeking environmental permits to develop its first offshore wind farms along the coast of Brazil as the company pushes to speed its transition away from fossil fuels.

The London-based oil major proposes to build six projects with a combined capacity of 17 gigawatts, which would rival the output of 15 nuclear reactors. It applied for permits earlier this week with the Brazilian Institute of Environment and Renewable Natural Resources, according to Gabriela Oliveira, Shell’s head of renewable energy generation in Brazil. read more

Alliance News

Shell secures Scottish wind farm bids with Iberdrola’s ScottishPower

Mon, 17th Jan 2022 11:55

Alliance News) – Royal Dutch Shell PLC said Monday its joint ventures with Iberdrola SA’s ScottishPower have won multiple bids to develop 5 gigawatts of floating wind power in Scotland.

Shell and ScottishPower won two sites representing a total of 5 GW off the east and north-east coast of Scotland.

Wael Sawan, Integrated Gas & Renewables and Energy Solutions Director at Shell, said: “Shell and ScottishPower can now look forward to generating floating wind power at significant scale in the UK to accelerate the country’s transition towards net zero. read more

CISION PR Newswire

Shell joint venture Mayflower Wind granted right to power Massachusetts residents with additional renewable wind energy

NEWS PROVIDED BY

Shell : Dec 17, 2021, 15:00 ET

HOUSTON, Dec. 17, 2021 /PRNewswire/ — Mayflower Wind Energy LLC (Mayflower), the 50-50 joint venture between Shell New Energies US LLC (Shell) and OW North America LLC, has been awarded the right to provide 400 MW of offshore wind energy by the Commonwealth of Massachusetts and its three biggest utilities as part of Massachusetts’ 83C III offshore wind energy procurement. Combined with its power purchase agreement of 804 MW awarded in 2019 from the 83C II procurement round, Mayflower could deliver more than 1200 MW of clean energy to electricity customers throughout Massachusetts and New England. That is enough energy each day to power over half a million homes and businesses. read more

RTE

Shell buys 51% stake in Irish floating offshore wind project

Shell bought the stake in the Western Star venture from Irish developer Simply Blue Group for an undisclosed sum.

Floating offshore wind technology is still in its infancy but has the potential to unlock vast power resources in deep waters.

The Western Star Project will be located at least 35km off the west coast of Co Clare and will have a total capacity of 1.35 GW, enough to power 1,145,000 homes in Ireland.

The floating technology proposed for this project will allow the turbines to be located far from shore and in waters over 100m deep. read more

Aug 30 (Reuters) – Royal Dutch Shell plc (RDSa.L) said on Monday its subsidiary Sarawak Shell Berhad (SSB) has taken a final investment decision on the Timi gas development project offshore Malaysia, which will powered by solar and wind sources.

The offshore wellhead project, developed with its partners Petronas Carigali and Brunei Energy Exploration, could see peak production of up to 50,000 barrels of oil equivalent per day (boe/d) and will move gas to the F23 production hub via an 80 kilometer-long pipeline, the company said in a release. read more

The Telegraph

Shell and Scottish Power plot giant, floating offshore wind farm

By Rachel Millard: 16 July 2021 • 6:00am

Shell and Scottish Power are joining forces to develop what could be the world’s first large-scale floating wind farms off Scotland’s north-east coast.

The FTSE 100 oil and gas giant and the subsidiary of Spain’s Iberdrola have jointly submitted “multiple proposals” to Scotland’s first offshore wind leasing round in a decade. 

Shell and Scottish Power are keen to boost their presence in a booming renewable power market as economies around the world try to slash carbon emissions. Shell is also under acute pressure to show it is cutting its reliance on fossil fuels.  read more

Reuters

Shell plans to bid in Norway’s 1st offshore wind tender

June 17, 20214:03 PM BST

OSLO, June 17 (Reuters) – Oil major Shell (RDSa.L) teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.

Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades, and like many of its peers sees offshore wind as a cross-over technology in a bid to become carbon neutral in its operations. read more

Damian Carrington Environment editor: Mon 19 Apr 2021 06.01 BST

Some of the world’s biggest fossil fuel companies have used advertising to “greenwash” their ongoing contribution to the climate crisis, according to files published by the environmental lawyers ClientEarth. They describe the practice as “a great deception”.

The files compare the adverts produced by ExxonMobil, Aramco, Chevron, Shell, Equinor and others with the companies’ operations and products, overall climate impact and progress toward climate-safe business models. 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

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

“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

Shell: Regaining Dividend Respectability And Shifting Toward Green Hydrogen

The Daily Drilling Report: 10 November 2020

• Shell is taking a healthy approach toward energy transition and balancing capital projects in terms of energy source.
• It’s also forging a leadership position in two key fuels that have been identified as being crucial to meeting Paris Climate goals – natural gas and hydrogen.
• Shell is back in our good grades with its recent dividend raise and strong earnings prospects going forward.
• At its recent price in the mid-$20s it represents a nice risk reward profile.

The question is, is the dividend safe? The answer here is yes, as it has just been raised. It seems Uncle Ben has heard the hue and cry of outraged shareholders, and is restoring some of what he took away just last quarter.

Ben Van Beurden, CEO Shell:

So we are announcing an increase of 4% in our dividends this quarter. But we’re also announcing a target milestone for our net debt of $65 billion for the near term. And once we have achieved this milestone, we target to further increase shareholder distribution. So we are not offering the promise of future growth, but also increasing shareholder distributions for the near term. read more

Shell and Total join UK floating offshore wind syndicate

By David McPhee: 22/06/2020

North Sea oil giants Shell and Total have joined a UK floating offshore wind consortium created to drive forward the technology.

The oil firms will work alongside offshore wind developers EDF Renewables, EDP Renewables, Equinor, ESB, Mainstream Renewable Power, ScottishPower Renewables and SSE Renewables as part of Offshore Renewable Energy (ORE) Catapult’s national Floating Offshore Wind Centre of Excellence (FOWCoE). read more

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

by Tom Russell in Corporate 10/01/2020

Mark Gainsborough, Executive Vice President at Shell New Energies, has revealed that he is stepping down from his role after being involved with the company for 39 years. Gainsborough is to be replaced from 1st April by Elisabeth Brinton, who has been serving as Global VP Strategy & Portfolio for Shell New Energies.

Mark Gainsborough commented on LinkedIn: “It is time for a transition of a different kind! After an amazing 39 years with Shell and almost four years leading our New Energies business, I will end my Shell career later this year. I’m looking forward to contributing to the energy transition in new ways in the next few years. Congratulations to Elisabeth Brinton, who takes the reins from April 1st, and a huge thank you to everyone for all we have achieved together.” 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

Shell Says We Have to Decarbonize Planet Earth

We have to decarbonize planet earth in the coming decades.

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

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

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

by David McPhee: 05/11/2019, 9:38 amUpdated: 05/11/2019, 11:08 am

Oil giant Shell has today announced a deal to buy up a 100% stake in a French floating wind firm.

Shell has agreed to purchase 100% of Brittany-headquartered Eolfi, a French renewable energy developer specialising in floating wind projects.

The firm said the deal would “enhance” Shell’s existing wind team and a floating wind pilot project – in conjunction with Innogy and Stiesdal Offshore Technologies.

It said the deal was also “a significant step for Shell in France”, where Shell will look to grow its offshore wind business. read more

Bloomberg: Shell and EDP to Build Massachusetts’ Second Offshore Wind Farm

Christopher Martin: Bloomberg News Oct. 31, 2019, 7:01 PM

*Partners are planning to complete 804-megawatt project in 2025

*Mayflower wind farm will be about 20 miles south of Nantucket

Massachusetts picked a venture of Royal Dutch Shell Plc and Energias de Portugal SA to build the state’s second offshore wind farm.

The 804-megawatt Mayflower wind farm will be built about 20 miles (32 kilometers) south of the island of Nantucket and completed in 2025, according to a statement late Wednesday.

The other Massachusetts project, Vineyard Wind, is expected to become the first major offshore U.S. wind farm with 800 megawatts of capacity. That’s planned for completion in 2022.

It’s being developed by Iberdrola SA’s Avangrid utility and Copenhagen Infrastructure Partners, and was delayed in August for an additional… read more

Shell ‘absolutely’ looking at big Scottish North Sea offshore wind projects

by David McPhee: 06/09/2019, 7:10 am Updated: 06/09/2019, 7:42 am

Shell’s energy transition manager, Joanna Coleman, confirmed last night that the oil and gas giant was “absolutely” targeting the North Sea for future big offshore wind development.

Ms Coleman was representing Shell at Offshore Europe in Aberdeen yesterday to outline her firm’s plans to move to lower carbon and renewable energy in the UK.

She spoke about Shell’s work in developing carbon capture and storage in Peterhead, alongside its plans for hydrogen and electric vehicles.

But she added that her firms “focus” is offshore wind deployment in the UK.

Asked about the Scottish North Sea, Ms Coleman said: “We’ll need to look at what acreage the Crown Estate Scotland puts out to bid and decide which blocks we want to bid on. read more

By Timothy Abington and Kelly Gilblom: 4 September 2019, 07:00 BST: Updated on 4 September 2019, 11:11 BST

*European majors close many more deals than their U.S. rivals

*Digital and efficiency technologies become popular targets

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European companies that are well ahead of their U.S. rivals.

The data compiled by BloombergNEF underscore the quickening pace of the transition to low-carbon energy among the world’s largest fossil fuel producers, and the scale of the trans-Atlantic divide. European majors closed seven times as many deals with renewable-electricity and storage companies as their U.S. counterparts since 2010. read more

Shell, Equinor, SSE back new project to address offshore wind ‘barriers’

by David McPhee: 27/8/2019

Some of the world’s biggest energy firms are backing a new project aimed at addressing current barriers in the UK offshore wind market.

The second stage of the Offshore Renewable Joint Industry Project (ORJIP) programme, announced by the Carbon Trust, said it aims to reduce consenting risk, project maturation time, cost and the environmental impact of new and existing UK offshore wind farms.

The new four-year programme will be funded by public and private partners.

EDF Renewables, EDP Renewables, E.On, Equinor, Innogy, Marine Scotland, Red Rock Power, Shell, SSE Renewables and the Crown Estate and Crown Estate Scotland are all involved. 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

Susanna Twidale, Ron Bousso: February 22, 2019

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

Jillian Ambrose, energy editor: 13 FEBRUARY 2019 

Royal Dutch Shell will join forces with renewable energy developers to build an €18m (£15.7m) floating wind project off the coast of Norway by next year.

The Anglo-Dutch fossil fuel giant will take a majority stake in the development company that hopes to prove that the cost of floating wind projects could fall significantly using innovating approaches.

Shell has increased its share of the project from an initial one third stake to almost two thirds, alongside German renewables company Innogy and Denmark’s Stiesdal Offshore Technologies. read more

Shell buys up controlling stake in floating wind project

Written by David McPhee – 14/02/2019 11:27 am

Energy giant Shell has bought a controlling 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.

The development project is a partnership between Shell, Innogy and Stiesdal Offshore Technologies (SOT).

It has a project budget of almost £16 million.

The demonstrator will also utilise a Siemens Gamesa 3.6 megawatt (MW) direct drive turbine.

Testing is due to begin in 2020 at the Marine Energy Test Centre (Metcentre) near Stavanger in Norway.

James Cotter, project manager at Shell, said: “Shell is working to grow our renewable power business and sees great promise in floating wind technologies that could change the face of the offshore wind industry over the next decade. read more

• Madeleine Cuff
• @Madeleine_BG
• 14 February 2019

Energy giants Shell and Innogy have teamed up with Stiesdal Offshore Technologies (SOT) to invest in an €18m demonstration project they hope could slash the costs of installing floating wind turbines.

The trio yesterday announced the final investment decision on the TetraSpar floating wind project, firing the starter gun on work to install a turbine with a floating foundation off the Norwegian coast.

The plan is to create a turbine foundation featuring a modular structure, which would be constructed from tubular steel and incorporate a suspended keel. The companies said that because the design can be assembled on land and towed fully constructed out to sea, it should deliver significant cost savings compared to current designs for floating turbines. 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

Shell’s wind development division considers Britain, including the North Sea, to be a key offshore market: ARTERRA/UIG/GETTY IMAGES

Royal Dutch Shell is considering bidding for rights to develop offshore wind farms in British waters as the Anglo-Dutch oil major seeks to re-enter the UK sector after a ten-year absence.

Dorine Bosman, Shell’s vice-president of wind development, said that the company was interested in seabed leases that are due to be awarded this year by the Crown Estate. read more

Company already committed to spend $1bn-$2bn annually in the next two years on low carbon energy read more

Emily Gosden, Energy Editor: December 21, 2018

Royal Dutch Shell has boosted its expansion into the offshore wind sector with two deals to establish a significant position in the nascent US industry.

The Anglo-Dutch energy group has splashed out $175 million over the past week on the rights to develop hundreds of turbines in the waters off New Jersey and Massachusetts, which could power more than 1.5 million homes.

Dorine Bosman, vice-president for wind development at Shell, below, said its expertise from developing offshore oil and gas fields should help it to compete against established offshore wind players to secure subsidy contracts needed for the proposed wind farms to go ahead. 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

• AuthorAndreas Franke
• EditorJonathan Fox
• CommodityElectric Power

London — Oil major Shell’s new energy unit has joined a consortium for the 500 MW offshore wind project at Dunkirk to be tendered by the French government in H1 2019.

Shell is already part of a successful consortium that was awarded the 730 MW Borselle 3 and 4 offshore wind tender in the Netherlands at Eur54.60/MWh.

Shell’s New Energy unit plans to invest an average $1 billion-$2 billion per year until 2020 in mainly renewable energy projects, it said.

–Andreas Franke, [email protected] read more

The electricity and gas supplier had to deal with almost 40,000 complaints in the second quarter of this year: GARETH FULLER/PA

Emily Gosden, Energy Editor: October 6, 2018

The UK energy supplier acquired by Royal Dutch Shell as a vehicle for growth has lost tens of thousands of customers since agreeing the deal.

First Utility supplied gas and electricity to 805,000 UK households when it agreed in December to be taken over by the Anglo-Dutch energy giant, which said it would use it to challenge the Big Six suppliers. read more

By Michelle Froese | September 25, 2018

Brazos Wind Ventures, LLC, a subsidiary of Shell Wind Energy (Shell), has signed an operations and maintenance contract with E.ON Energy Services LLC (EES) for its site near Fluvanna, Texas. E.ON will perform scheduled maintenance services on the 160-MW site.

Shell owns and operates the Brazos Wind Farm, which uses Mitsubishi 1000A turbines. E.ON will perform scheduled maintenance and troubleshooting for the site in daily coordination with Brazos. read more

Ben Marlow, executive business editor: 9 SEPTEMBER 2018 • 8:39PM

Like a pair of mysterious soothsayers, Maarten Wetselaar and John Abbott are peering into the future. The world they see is almost unrecognisable from the one we inhabit today, and yet it is only just around the corner.

In the west, the petrol car has become obsolete. Lorries are powered by liquid natural gas. Freight liners criss-cross the oceans fuelled by hydrogen. Solar and wind provide the energy to our homes.

And the petrol station has been reimagined as an unlikely retail hotspot where people routinely gather to do their food shopping, pick up parcels, and sip artisan coffee. A convoy of vehicles are being rebooted at one of many charging points on the forecourt. read more

‘A museum dedicated to science education should not be helping promote any company that is actively exacerbating this planetary emergency until they show a serious proactive drive to switch to renewables’

• Josh Gabbatiss Science Correspondent
• @josh_gabbatiss

Tens of thousands of people have urged the Manchester Museum of Science and Industry to drop Shell as a sponsor from an upcoming event.

The announcement that the museum’s new exhibition, “Electricity: the spark of life”, would be supported by the oil giant sparked controversy among local groups.

Specifically, they have highlighted the role that fossil fuels play in driving global climate change and the role that oil companies have played in the phenomenon.

A petition with over 57,000 signatures has been handed to the museum as the Manchester Science Festival, which includes the new exhibition. read more

REUTERS STAFF: AUGUST 22, 2018

RIO DE JANEIRO (Reuters) – Royal Dutch Shell’s (RDSa.AS) Brazil chief said on Wednesday that the company is evaluating the assets of Centrais Eletricas Brasileiras SA’s (ELET6.SA) that are being put up for sale as part of the state-owned utility’s debt reduction and privatization plans. Andre Araujo also told reporters that the company was considering participating in an upcoming Brazilian government auction for projects in the wind energy sector. read more

By Zoltan Ban: 20 July 2018

Summary

By Bobby Magill: July 20, 2018

If Royal Dutch Shell Plc wins a federal lease to build an offshore wind farm in New England this fall, the company will be the first oil major with experience drilling in U.S. waters to enter the fledgling domestic offshore wind market.

Shell’s interest in U.S. offshore wind development is seen within the industry as marking a shift toward the mainstream of the domestic energy sector, as offshore wind strengthens ties with the oil industry while harnessing one of the nation’s largest untapped sources of carbon-free electricity. read more

Shell-Partners consortium ready to build Dutch offshore wind farm

Reuters Staff: JUNE 28, 2018

AMSTERDAM (Reuters) – A consortium led by Swiss investor Partners Group and Royal Dutch Shell said it has secured financing for the building of a 1.3 billion euros ($1.5 billion) wind farm in the Dutch part of the North Sea.

Shell and consortium partners Eneco, Van Oord and Mitsubishi/DGE were awarded the “Borssele 3 and 4” project in December 2016, at what at the time was the Netherlands’ lowest-ever strike price of 54.50 euro cents per megawatt-hour.

Building of the wind farm, which will have the capacity to power around 825,000 households, will start in the fourth quarter of 2019, with production expected to begin in 2021. read more

Shell joins UK offshore wind partnership group

Shell Global Solutions International BV has today joined the Offshore Wind Accelerator (OWA), the Carbon Trust’s collaborative research, development and demonstration programme.

Written by David McPhee – 21/06/2018 10:50 am

The oil giant joins existing partners EnBW, E.ON, Equinor, Innogy SE, Orsted, ScottishPower Renewables/Iberdrola, SSE Renewables and Vattenfall Wind Power on the OWA roster.

Set up in 2008, the Carbon Trust’s OWA programme is primarily structured around five research areas: Access Systems; Cable Installation, Electrical Systems; Wake Effects and Wind Resource; and Foundations.

Dorine Bosman, VP Wind Development at Shell, said: “The Carbon Trust’s Offshore Wind Accelerator is a good example of the collaboration required between public and private sectors. The research and development programme will be key to delivering technical, commercial and financial innovations for large scale and sustainable offshore wind opportunities in the future.” read more

FILE PHOTO: Electric car chargers are seen at the Holloway Road Shell station where Shell is launching its first fast electric vehicle charging station in London, Britain October 18, 2017. REUTERS/Mary Turner/File Photo

Shell has one of the lowest reserves life ratio among its peers and last year it saw reserves plunging to new lows after divesting a large number of assets.

The major now sits on 12.2 billion barrels of oil equivalent, down from 13.2 billion at the end of 2016, and enough to sustain the current annual production of 1.383 billion barrels for less than nine years. read more