ST PETERSBURG (Reuters) – Russia’s Gazprom Neft said on Thursday it would set up a joint venture with Shell to develop an oil field in Yamal estimated to hold reserves of around 1.1 billion tonnes of oil.
Gazprom Neft, the oil arm of state gas company Gazprom, said it planned to close the deal late this year or early next and that both it and Shell would hold 50% stakes in the joint venture.
Reporting by Olesya Astakhova; writing by Tom Balmforth; editing by Jane Merriman
Russia’s Gazprom Neft, on JV with Shell, says field not under sanctions
ST PETERSBURG, June 6 (Reuters) – Russian oil producer Gazprom Neft’s CEO Alexander Dyukov said reserves held in a field which it is looking at as part of a joint venture with Shell were not under Western sanctions.
Speaking on the sidelines of Russia’s flagship economic forum in the city of St Petersburg, Dyukov said that financing for the joint venture with Shell would be split evenly.
(Reporting by Olesya Astakhova; writing by Tom Balmforth; editing by Maria Kiselyova)read more
Steve Phimister, Shell’s UK vice president for upstream, said yesterday during Oil and Gas UK’s (OGUK) industry conference that he thinks the country needs to take decisive action on the issue of climate change.
But he added that it did not include “abandoning” oil and gas.
Mr Phimister claimed he “agrees with the view from the climate protestors” of the need to move to a net zero carbon target “quickly”.
He added: “I understand why these activists were calling for this change, and it would be easy to assume that we all and those folk are on the opposite side of the conversation, but I don’t see it that way.read more
PUBLISHED: 15:03, 4 June 2019 | UPDATED: 16:15, 4 June 2019
Shares in Royal Dutch Shell fell despite the oil and gas giant revealing plans to return $125billion (£99billion) to shareholders over five years through dividends and share buybacks.
This is more than double the $52million (£41billion) handed to shareholders between 2011 and 2015.
Shell said it expects to pay for that with money from new projects, which it expects will generate $35billion, assuming oil remains priced at $60 per barrel.read more
A 3.4 magnitude earthquake has hit the northern Dutch region of Groningen in the latest in a series of tremors blamed on decades of gas extraction.
The Dutch government says it will decide in the coming weeks whether the quake should lead to a change in plans to end production from the Groningen field by 2030.
The government has pledged to end production from the field by 2030 and to lower it as quickly as possible in coming years; output is set to fall to 19.4B cm in the year through October 2019, down from a peak of 54B cm in 2013.read more
May 22nd, 2019
by John Donovan.
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MAY 21, 2019 / 2:51 PM
THE HAGUE (Reuters) – Royal Dutch Shell revealed on Tuesday that in 2018 only its gas subsidiary NAM paid corporate tax in the Netherlands, where it is headquartered, following Dutch parliamentary demands that it attend a hearing on tax avoidance.
“By giving openness before the round table, hopefully room will be created for the conversation to be about the substance,” Shell said, adding that it paid $10 billion in corporate tax globally in 2018 and had an effective tax rate of 33 percent.read more
May 9th, 2019
by John Donovan.
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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
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
London — Shell is keen to grow its US shale oil portfolio but does not feel pressured to chase new acquisitions, as Occidental and Chevron battle for control of Anadarko’s Permian-rich upstream assets, Shell Chief Financial Officer Jessica Uhl said Thursday.
Shell doesn’t “need” to do a US shale deal as it already has a strong US portfolio of shale and tight oil, which has further room for volume growth, Uhl said.
“We have significant growth capacity in our existing position and, in that sense, we are not desperate. We don’t need to find new shale exposure … but we like the business,” Uhl told analysts on an earnings call.read more
London — Shell expects to ship its first LNG cargo from its Australian floating LNG production facility, Prelude in the second quarter, its CFO Jessica Uhl said Thursday.
Speaking after the release of its Q1 earnings, Uhl said the first LNG would follow the shipment of the first condensate cargo from Prelude last month.
Prelude FLNG is one of the most anticipated LNG projects in recent years due to its deployment as the world’s largest floating facility, though it has experienced delays due to unspecified production issues.read more
ROYAL Dutch Shell has underlined its faith in the exploration potential of the North Sea by buying in to a licence a relative minnow has been working on.
The oil and gas giant has exercised an option to acquire a stake in acreage containing a prospect it is thought could hold 290 billion cubic feet gas from Cluff Natural Resources.
Shell will pay $600,000 for the 50 per cent stake and has agreed to fund 75 per cent of the cost of drilling an exploration well, up to a maximum of $25 million.read more
Apr 21st, 2019
by John Donovan.
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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
Apr 10th, 2019
by John Donovan.
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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
Japan’s JERA says it signed an agreement with a Mitsubishi unit to buy as much as 1.2M mt/year of liquefied natural gas from the Royal Dutch Shell-led (RDS.A-0.6%) LNG Canada project.
The heads of agreement is for ~15 years starting from April 2024, says JERA, a joint venture between Tokyo Electric Power (OTCPK:TKECF) and Chubu Electric Power (OTC:CHUEF) and the world’s top buyer of liquefied natural gas.
Buyers from the project so far include trading house Vitol as well as Asian utilities such as Tokyo Gas, Toho Gas and Korea Gas.read more
Apr 2nd, 2019
by John Donovan.
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The liquefied natural gas arm of oil giant Shell has become the first customer at NextDecade’s proposed $15 billion Rio Grande LNG export terminal at the Port of Brownsville.
NextDecade announced the 20-year sale and purchase agreement at the LNG2019 conference in Shanghai on Monday night.
Under the deal, Shell will buy 2 million metric tons of LNG per year from the proposed Brownsville facility starting in 2023.
“We are honored to have Shell as the first foundation customer of our Rio Grande LNG project,” NextDecade CEO Matt Schatzman said in a statement. “Shell is not only the largest portfolio LNG company in the world, Shell is also a recognized pioneer in the global LNG business.”read more
* 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
Shell has loaded the first condensate cargo from Australia’s Prelude FLNG project, the company said Monday.
“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 spokesperson said in an emailed response.
The Shell-controlled Aframax tanker, Advantage Atom, departed from Prelude FLNG on March 20, S&P Global Platts vessel tracking software cFlow showed.read more
Mar 25th, 2019
by John Donovan.
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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
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
The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production.
Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that analyzes corporate influence on climate policy, derived from industry data and numbers buried in company disclosures.
The reckless disparity comes just months after the United Nations warned that the world must rapidly phase out fossil fuel use over the next decade or face catastrophic global warming of at least 2.7 degrees Fahrenheit.read more
The sale brought in the most revenue from such an event since the oil price downturn, with $244M in high offers received, according to the U.S. Bureau of Ocean Energy Management.
Anadarko Petroleum (APC-0.7%) and Hess (NYSE:HES) were the next highest bidders by dollar amount of high bids, totaling $24M and $18M respectively.
Equinor (NYSE:EQNR) placed the apparent high bid of the sale, offering $24.4M for Mississippi Canyon Block 801, and teaming up with Kosmos Energy (NYSE:KOS) to win Keathley Canyon Block 964 with a $7M bid.read more
Moscow — Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.
He pointed to the Far East, with the planned capacity expansion at the Sakhalin plant, the Arctic with Yamal LNG and Arctic LNG 2 projects led by Russian Novatek, and the Baltic coast, with the Baltic LNG project.
But Russia is facing a challenge from North America as capital expenditure is generally lower over there. “Projects are built in a mature market,” he said. North American projects also benefit from special partnerships, supported by a low-tax regime.read more
Russia could become the largest natural gas producer in the world, Ben van Beurden, the CEO of Shell, wrote in an article for RIA Novosti.
“The world needs more natural gas to meet rising energy demand, to complement renewables and to replace coal in power generation. And the opportunity for Russia is huge. It is already the world’s largest exporter of natural gas and it enjoys the world’s largest commercial gas reserves. It is the second largest producer of natural gas. It could be the largest,” van Beurden said.read more
Mar 18th, 2019
by John Donovan.
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March 18, 2019, 10:36:00 AM EDT By Zacks Equity Research, Zacks.com
Royal Dutch Shell plcRDS.A and its partners in the major LNG Canada project intend to decide within 2025 whether to boost its capacity via doubling it, per Reuters. Shell is building the LNG export terminal on the west coast of the country. The facility is located in Kitimat, British Columbia.
The Canadian energy sector, which used to be a booming market, has not witnessed any major milestones over the past few years. Industry downturn, coupled with infrastructure deficiencies and U.S. shale revolution had hit the country hard. With the cancellation of major projects like Northern Gateway, Pacific NorthWest and Energy East, along with uncertainties associated with the existing ones, things had been quite dispiriting for investors in the Canadian oil energy space. The $31-billion LNG Canada project, thus, brought a ray of hope to the country’s energy industry’s plight.read more
Mar 18th, 2019
by John Donovan.
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Ben Van Beurden’s total pay package soared by 126% last year: Last year, over a quarter of Shell’s investors voted against Mr van Beurden’s pay at the energy giant’s annual meeting
The boss of oil and gas giant Royal Dutch Shell received a 126 per cent pay rise last year.
Chief executive Ben Van Beurden pocketed over £17million, including a long-term incentive plan linked sum of £12.8million, up from £7.6million, and a £2.5million bonus.
In its latest results, the group said: ‘As a consequence of the LTIP vesting in particular, the single figure of remuneration for the CEO is significantly higher this year than in previous years.’read more
Oil major Shell has set out ambitions to build a major electricity generating and retailing business in Australia within the next decade as part of its global shift towards lower-carbon energy, in comments that look set to revive speculation that a significant acquisition may be on the cards.
Maarten Wetselaar, the group’s global head of gas and new energies, said it would be “an enormously lost opportunity” if Shell didn’t get good at supplying low-carbon electricity to consumers and make the most of its famous brand.read more
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
Mar 15th, 2019
by John Donovan.
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Russia can become the world’s top natural gas producer – Shell CEO
Published time: 15 March 2019
With the biggest natural gas reserves on the planet, Russia could become the world’s number one producer of the fuel, according to Ben van Beurden, the CEO of Anglo-Dutch energy major Shell.
The top executive says that rapidly increasing demand for natural gas has occurred due to the worldwide trend aimed at forcing out coal from power generation and the widening opportunity of available renewable energy sources.
“Russia’s chances in the field are huge,” van Beurden wrote in an article for RIA Novosti, stressing that the country is the world’s largest exporter of natural gas.
“It is the second largest producer of natural gas. It could be the largest,” he said.read more
Mar 14th, 2019
by John Donovan.
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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
Royal Dutch Shell, one of the world’s biggest oil and gas groups, is aiming to become the largest electricity company by the 2030s, as it prepares for a fundamental shift in global energy supplies towards lower-carbon sources. Maarten Wetselaar, Shell’s director of gas and new energies, told the Financial Times that the group could develop a power business, including supplying customers, trading and providing equipment, that was the same size as its oil or gas operations.read more
Royal Dutch Shell (RDS.A+0.4%) urges the Trump administration to tighten restrictions on greenhouse gas emissions from oil and gas production, instead of weakening them as planned.
In unusually frank terms, Shell’s U.S. chief Gretchen Watkins told the CERAWeek conference today that the Environmental Protection Agency needs to tighten rules to plug methane leaks, saying “We don’t usually tell governments how to do their job but we’re ready to break with that and say, ‘Actually, we want to tell you how to do your job.'”read more
Mar 5th, 2019
by John Donovan.
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The agreement was signed by Maarten Wetselaar, Shell’s Director of Integrated Gas and New Energies together with Harib Al Kitani, CEO of Oman LNG in the presence of Ben van Beurden, CEO of Royal Dutch Shell.
March 3, 2019 | 1:55 PM by Times News Service
The agreement will combine Shell’s experience of implementing technology and developing innovative solutions to support Oman LNG’s digitalisation drive to better equip it for the future.
Maarten Wetselaar said, “With energy transition and more demand for digitalisation, we are seeing the evolution of the industry. Innovative technology and data is creating an incredible opportunity in the energy industry, giving us the ability to track trends and make better decisions. We are delighted to collaborate with Oman LNG and explore new ways in which they can improve their asset efficiency and profitability, reduce operation costs, accelerate production and speed.”read more
Feb 28th, 2019
by John Donovan.
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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
Feb 28th, 2019
by John Donovan.
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By Reuters:
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
Feb 28th, 2019
by John Donovan.
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Dmitry Zhdannikov: FEBRUARY 27, 2019
LONDON (Reuters) – Russian gas giant Novatek and oil major Shell said on Wednesday Russian gas would remain more competitive in Europe than U.S. gas, as Moscow pursues new mega projects that would be insulated from any new U.S. sanctions.
The United States has already imposed numerous sanctions against Russian individuals and companies over Moscow’s interference in Ukraine, alleged meddling in the 2016 U.S. presidential election, and accusations it was behind a nerve agent attack in Britain. Russia denies the allegations.
Washington is mulling new sanctions that could put further strain on Russia’s economy and companies. So far, there have been no sanctions affecting conventional or liquefied natural gas (LNG) production in Russia.read more
More developments are underway that show just how far global liquefied natural gas (LNG) markets have progressed in the last five years. Until recently, the super-cooled fuel was mostly bought and sold via restrictive long-term off-take agreements where the buyer usually signed up for 15 or 20-year deals that helped producers finance massive capex projects.
However, in the last few years, as more supply hit the market, a long-term supply overhang developed that not only put downward pressure on prices but gave buyers more options as well as more leverage in contract negotiations. In addition to more supply flooding the market, a robust spot market for LNG in Asia has been developing which has seen buyers, for example, Tokyo Gas and several others, also become traders.read more
Royal Dutch Shell’s new LNG outlook report projects that global liquefied natural gas demand will continue to rise in the years ahead – led by Asian growth – as Shell seeks to solidify its stake as the world’s LNG leader.
With natural gas continuing to replace coal as a cleaner-burning power source from the United States to China, Shell expects annual LNG demand worldwide to surge more than 30 percent from 292 million metric tons in 2017 to 384 million tons in 2020. Last year, demand grew by 27 million tons, or more than 9 percent, to 319 million, and this year demand should spike by another 11 percent or 35 million tons, Shell said.read more
In its 2019 Outlook for LNG, Shell said demand will continue to rise next year, with “supplies to tighten in the mid-2020s”.
Shell warned that more new projects are needed.
Demand for cleaner fuels to improve air quality in Asia saw demand rise by 27million tonnes to 319million in 2018, with demand expected to reach around 384million tonnes in 2020.
Supply is expected to rise by 35million tonnes this year but it will not be enough to offset demand, with the additional supply to be absorbed completely by Asia and Europe.read more
Feb 25th, 2019
by John Donovan.
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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
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
Dubai — Oman and supermajor Shell have signed an interim deal to develop gas acreage in block 6 in 2019, according to an emailed statement from Shell.
The agreement covers investments in oil and gas and resources are to be used for domestic Omani projects. Petroleum Development Oman, Oman Oil Company and Total also signed the deal as partners.
The deal will integrate Shell and Oman Oil’s upstream project with a planned gas-to-liquids plant that Shell and Oman Oil will also co-develop.read more
Feb 20th, 2019
by John Donovan.
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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
Singapore — Shell’s first condensate cargo from the Prelude FLNG project in Australia has been delayed further from its original February load date and possibly to March, due to production issues, trade sources said Friday.
Shell did not immediately respond to an email query seeking comment.
The first Prelude condensate cargo was originally scheduled to load over January 31-February 2, shipping reports showed at the start of January. Later reports subsequently showed this was delayed to February 12-14, and then to February 24-26.read more
Feb 14th, 2019
by John Donovan.
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GAS TODAY
Shell proposes multi billion dollar LNG project
14 February 2019
Shell and its joint venture (JV) partners are officially seeking approval to develop the Crux gas field off the coast of Western Australia.
With JV partners Seven Group and Japan’s Osaka Gas, Shell has submitted a proposal – estimated to be worth more than $2 billion – to the National Offshore Petroleum Safety and Environmental Management Authority to develop the field, located approximately 160 km northeast of the Prelude field in WA’s Browse Basin.read more
Feb 13th, 2019
by John Donovan.
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Shell Australia has “well advanced” plans for a 120 MW utility scale PV array to supply its QGC onshore gas operations in northern Queensland. The announcement was made Shell Australia Chairman Zoe Yujnovich during a speech today, in which she pointed to an Australian “energy transition” in which “electrons will play a bigger role”.
The QGC operations sprawl across a landmass the size of Belgium and is Shell’s largest LNG project globally. Image: Shell
Fossil fuel giant Shell’s largest liquefied natural gas (LNG) operations globally is set to be partly supplied by PV power. Shell Australia announced the move today, which will come in the form of a 120 MW solar farm to be developed on land that forms some of its QGC fracking operations in Queensland. The gas is liquefied, in an energy intensive process, at the 8.5 million tonne Curtis Island export facility near Gladstone – the company’s biggest LNG operation globally.read more
Feb 13th, 2019
by John Donovan.
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Shell Australia chairman Zoe Yujnovich said industry must help to direct government to create a durable energy policy after more than a decade of failed energy and climate policies.CREDIT: BEN RUSHTON
Shell has blasted the federal government over climate and energy policies saying business needs to take the lead on climate action, and the Coalition blaming high gas prices on exports “cannot go unchallenged”.
In a speech, Australia chief Zoe Yujnovich lashed the government’s performance on climate change and threats to cut off gas exports, saying industry needs to take the lead on climate and energy as governments are unable to “sell” their constantly changing policies.read more
Feb 12th, 2019
by John Donovan.
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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
Feb 12th, 2019
by John Donovan.
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Shell, Eni, Exxon among winners in Egypt’s oil and gas exploration tender
FEBRUARY 12, 2019
CAIRO (Reuters) – Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt’s international tender for oil and gas exploration on Tuesday, with 12 concessions awarded in total.
It marks Exxon Mobil’s entry into gas exploration in Egypt, while Shell was awarded the most concessions in the tender – three for oil and two for gas.
Neptune Energy, Merlon, Shell, Eni and state-controlled Egyptian General Petroleum Corporation (EGPC) were awarded seven oil exploration concessions in total in which 39 wells will be drilled, Egypt’s petroleum ministry said in a statement.read more
Feb 12th, 2019
by John Donovan.
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12 February 2019 13:33
Baku, Azerbaijan, Feb.12
By Leman Zeynalova – Trend:
Royal Dutch Shell has fuelled the world’s first cruise ship powered by Liquefied Natural Gas (LNG), Trend reports citing the company’s Twitter page.
Shell is a global group of energy and petrochemical companies with an average of 86,000 employees in more than 70 countries. Its operations are divided into the company’s businesses: Upstream, Integrated Gas and New Energies, Downstream.read more
125% pay rise for Shell boss fuels executive pay furore 13 Jun 2019 03:38 Herald Scotland ROYAL Dutch Shell has defended the bumper pay rise awarded to chief executive Ben van Beurden, whose total earnings increased to €20.1 million (£17.8m) last year from €8.9m.
The annual report of the Anglo-Dutch oil and gas giant shows Mr van Beurden’s pay …
Bulls beware: The 2020 oil market is quickly turning ugly 10 Jun 2019 12:26 Houston Chronicle Photo: Amr Nabil, Associated Press
Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei attends a meeting of energy ministers from OPEC and its allies to discuss prices and production cuts, in Jiddah, Saudi Arabia, Sunday, May 19 …
The 2020 Oil Market Is Turning Ugly 10 Jun 2019 10:33 Rigzone by Bloomberg
|Javier Blas
|Monday, June 10, 2019
Oil bulls thought 2020 would be their year.
(Bloomberg) — Oil bulls thought 2020 would be their year.
After half a decade of lower spending on new projects, oil production growth was supposed to slow to a …
The oil market is quickly turning very ugly 10 Jun 2019 04:08 Age 'The balances for 2020 were already worrisome, and the downgrade in demand we are contemplating put them potentially in the ugly category,' said Roger Diwan, an OPEC watcher at consultant IHS Markit.
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Consultants and oil traders have already …
How Royal Dutch Shell Is Setting A Bad Example Amid The Peak Oil Demand Hysteria 07 Jun 2019 20:37 Forbes In 2004, a mania grew in the financial and energy circles around the idea of peak oil. The notion that the world was running out of oil became a commonly held belief, which, in turn, helped push oil prices well above $100 per barrel.
Royal Dutch Shell …
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ROYAL DUTCH SHELL PLC FAT CAT CEO, BEN VAN BEURDEN, PAID $30 MILLION IN 2014
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SHELL PRELUDE TO DISASTER
The links below are to a series of articles, many triggered by a well-placed whistleblower directly involved in the pioneering Royal Dutch Shell Prelude project. Includes articles by Mr Bill Campbell above, the retired distinguished HSE Group Auditor of Shell International and another retired Shell guru with a track record of spotting potential pitfalls in major Shell projects.
The campaign waged on this website by John Donovan to persuade Edward Heerema to rename the worlds biggest ship, The Pieter Schelte - which he named after his late father, Pieter Schelte Heerema, a former Officer in the German Waffen-SS - has been successful. On Friday 6 February 2015, Allseas announced that it was changing the ships name, and on 9 February announced the new name - Pioneering Spirit.
GLOBAL NEWS COVERAGE: FEBRUARY 2010
MORE INFORMATION: Contact details for over 176,000 employees and contractors of Royal Dutch Shell reached John Donovan and some environmental and human rights groups, ostensibly from disaffected Shell staff calling for a “peaceful corporate revolution” at the company. The database, from Shell’s internal directory, contained names and telephone numbers for all the company’s work force worldwide, including some home numbers. It was supplied with a 170 page covering note, explaining that it was being circulated by “116 concerned employees of Shell dispersed throughout the USA, the UK, and the Netherlands”, to highlight the harm done by the company’s operations in Nigeria. John Donovan brought the leak to the attention of Shell. Tests proved that the data was authentic and he destroyed the database after being informed by Mr. Richard Wiseman, the then Chief Ethics & Compliance Officer of Royal Dutch Shell Plc, that the confidential information if publicly disclosed, could put Shell employees and contractors in real danger.
Whatever fig leaves they might be trying to use to hide the truth, Shell and Eni paid over $1bn to a company called Malabu for the OPL 245 licence. Even though the payment was channelled through the Nigerian government, it was clear that Shell knew that the ultimate beneficiary was Dan Etete, the former minister of petroleum. Etete is the owner of Malabu, to whom he awarded the licence when he was Nigerian Minister of Petroleum.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
MORE INFORMATION
Shell appeased and collaborated with the Nazis. The oil giant instructed its employees in the Netherlands to complete a form giving particulars about their descent, which for some, amounted to a self-declared death warrant. Shell used slave labor and was a close business partner in Germany of I.G. Farben, the notorious Nazi run chemical giant that also used slave labor and supplied the Zyklon-B gas used during the Holocaust to exterminate millions of people, including children. Shell continued the partnership with the Nazis in the years after the retirement of Sir Henri and even after his death. It was money generated on Shell forecourts around the world, profiteering from cartel oil prices, that funded the Nazi party and saved it from financial collapse. Evidence about Shell's Nazi connections can be found in extracts from "A History of Royal Dutch Shell" Volumes 1 and 2 authored by historians paid by Shell, who had unrestricted access to Shell archives. There are 67 pages in total, so takes some time to download.
Photograph (full size here) shows a Swastika flag flying at the head office of Royal Dutch Petroleum, 30 Carel van Bylandtlaan, The Hague, during the Nazi occupation of the in World War II (From Image Database Hague Municipal)
Sir Henri Deterding, the founder of the Royal Dutch Shell Group - known as "The Most Powerful Man in the World" - who became an ardent Nazi and financial supporter of Hitler and the Nazi party.
Reading between the lines in various legal documents, it seems that the allegations are that after the technology in question had been disclosed to a Shell company in the USA, the information was passed to Shell in the Netherlands in breach of confidentiality. And Royal Dutch Shell subsequently exploited the technology without payment or credit to the company holding the rights; Newton Research Partners. The inference seems to be that Twister B.V. was founded by Shell partly on trade secrets stolen from Bloom/Newton.
DISCLAIMER: This is not a Shell website nor is it officially endorsed by or affiliated with Royal Dutch Shell Plc. Originally co-founded by the late Alfred Donovan and his son John, it is now operated by John, Shell's "No.1 Enemy", aided by an expert team, with invaluable support from retired Shell senior executives and officials as guest contributors and leaked information from Shell insiders. (JOHN DONOVAN, WEBSITE OWNER) For nearly a decade, we have operated globally under the Royal Dutch Shell Plc top level domain name, dealing on Shell’s reluctant behalf with job applications, business proposals, Shell pension enquiries, shareholder enquiries, complaints, invitations to speak at conferences, an approach from the Dutch Defence Ministry and even terrorist threats. All meant for Shell. Prospect magazine has aptly described this website as being:"An open wound for Shell": WIPO proceedings by Shell to seize the domain name failed. NO SUBSCRIPTION CHARGES: All of our watchdog activities monitoring Royal Dutch Shell, including operating this website, are carried out on a non-profit basis. Any advertising revenues generated are used to recover and/or defray operational costs. We are a news aggregator and original content website. All information is available free for educational and research purposes. SHELL TACIT ENDORSEMENT: WHAT A WELL INFORMED SHELL OFFICIAL SAID ABOUT US:
"John and Alfred Donovan well known in UK/Hague. They perceive Shell played them and so have made it their mission to embarrass,belittle and criticize Shell, which they do quite well. Their website, royaldutchshellplc.com is an excellent source of group news and comment and I recommend it far above what our own group internal comms puts out."
WARNING TO SHELL EMPLOYEES: Shell Global Affairs Security "CAS") is spying on Shell employees globally trying to trace who is visiting, posting, or leaking information to this website from Shell premises. Threats, including death threats, have allegedly been made against conscience driven Shell whistleblowers supplying us with information. The worlds biggest leak of employee details as part of a claimed corporate revolution by 116 Shell employees, suggest the espionage operation, threats and draconian litigation have not been entirely successful in cutting off the supply of information to this website. The insider leaks had already cost Shell billions on the Sakhalin Energy project and the loss of SEIC Deputy Chairman, David Greer. We publish our own carefully researched articles about Shell e.g. "How Royal Dutch Shell saved Hitler and the Nazi Party". MEDIA COVERAGE: Prospect Magazine, The Sunday Times, and The Guardian, have all published major articles about us: "Rise of the Gripe Site";"Two men and a website mount vendetta against Shell' and "92-year-old's website leaves oil giant Shell-shocked”. SHELL PETROL STATION images displayed in the website header panel are licensed under the GNU Free Documentation License.
COPYRIGHT NOTICE: Information on copyright issues here.
John Donovan can be contacted at [email protected]
SHELL’S $500,000 WEDDING GIFT TO CORRUPT BRUNEI ROYAL FAMILY
EXTRACT FROM ASIAN JOURNAL ARTICLE IN LIST OF LINKS BELOW: "Fireworks will light up the sky for three nights. The local unit of oil giant Royal Dutch Shell has donated 500,000 Brunei dollars (US$292,400; euro 243,700) for the display, and for cultural events to be hosted by popular performers from Malaysia."
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS:
THIS IS WHAT IT SAID:
Subject: This could be the most important whistleblower email you have ever received.
Some unfortunate Royal Dutch Shell workers have already lost their lives. More lives are at stake.
My name is Bill Campbell. I am a former Group Auditor of Shell International. I am writing to you on a matter of conscience in an effort to avert the inevitability of another major accident in the North Sea. The consequences could potentially impact on families in many constituencies, including your own.
As Royal Dutch Shell and the Health & Safety Executive would acknowledge, I am an expert on safety matters relating to offshore oil and gas platforms. In 1999, I was appointed by Shell to lead a safety audit on the Brent Bravo platform. The audit revealed a platform management culture that basically gave a higher priority to production than the safety of Shell employees. To our astonishment we discovered that a "Touch F*** All" policy was in place. Worse still, safety records were routinely falsified and repairs bodged.
I personally brought the shocking situation to the attention of senior management including Malcolm Brinded, the then Managing Director of Shell Exploration & Production. I revealed that ESDV leak-off tests were purposely falsified, not once but many times and that Brent Bravo platform management had admitted responsibility for the dangerous practices being followed. In response to my team ringing alarm bells, management pledged to rectify the serious problems which had been uncovered.
When I later complained that the pledges were not being kept, I was removed from my oversight function.
Four years later, a massive gas leak occurred on the platform. Two workers lost their lives. I have no doubt at all that the inaction of the relevant Asset Manager, the General Manager, the Oil Director and Malcolm Brinded, contributed in some part to the unlawful killing of two persons on Brent Bravo in September 2003.
Shell subsequently pleaded guilty to breaches of the HSE regulations and a record-breaking £900,000 fine was imposed. I thought this would bring about a real change in policy to put the emphasis on safety.
Unfortunately I was wrong. Although I supplied the evidence related to 1999, and the fact that there had been a collapse in controls of integrity from 1999 to 2003 on all 16 of Shell's North Sea offshore installations covered in a post fatality integrity review to the HSE for review by the Procurator Fiscal, none of this evidence was presented before the Sheriff at the subsequent Inquiry. The situation is explained in a letter to the Procurator Fiscal and the Sheriff (on 24th February 2007).
Shell management has engaged in spin to try to pretend that it is getting to grips with its safety problem. However, its atrocious safety record - the worst in the North Sea in terms of accidental deaths and absolute number of enforcement actions – tells a different story. This fact has resulted in a number of newspaper articles.
I have had meetings with senior Shell people including its CEO Mr. Jeroen van der Veer. I regret to say that I have found him to be economical with the truth. He prefers to support cover-up and deceit rather than confronting the underlying problems. Brinded is now Executive Director of Shell Exploration & Production. He believes in burying evidence.
My family and friends would probably prefer me to give up on this matter and enjoy my retirement after so many years working for Shell.
However, by writing to every MP in the UK, no one can ever say that I did not do my best to avert an inevitable further major accident event in the North Sea. When it happens (I pray that I am wrong) I will make this warning communication available to the media together with the vast amount of evidence in my possession.
At least my conscience is clear. I have done everything possible to ring the alarm bells about Shell management and its unscrupulous attitude to the safety of its employees.
Yours sincerely
Bill Campbell
ENDS
(Malcolm Brinded and Jeroen van der Veer are no longer with Shell. The Oil Director referred to in the email is Chris Finlayson, who left Shell to become Chief Executive of British Gas before being fired - his photo immediately below)
SIR PHILIP WATTS, THE GROUP CHAIRMAN OF ROYAL DUTCH SHELL GROUP, FORCED TO RESIGN IN 2004
Shell’s reputation was destroyed in 2004 after FIVE consecutive cuts to its hydrocarbon reserves covering 55% of its total reserves. US and UK financial regulators imposed $150 million in fines on Shell for securities fraud. Shell was also rocked by class action lawsuits. Sir Philip Watts
and Walter van de Vijver (whose headcut images appear courtesy of The Wall Street Journal) were among the Shell executives forced to resign. More details at the foot of this column.
MORE DETAILS: The Shell reserves scandal brought about
the end of the Royal Dutch Shell Group in its original form as an Anglo-Dutch partnership.
Shell Transport & Trading Co and Royal Dutch Petroleum were unified into a single Dutch owned company - Royal Dutch Shell Plc.
Sir Philip turned to religion and is now a very wealthy priest after receiving a payoff/pension package from Shell reportedly worth $18.5 million. Walter van de Vijver in contrast was the victim of a sadistic sacking by his Shell senior management backstabbing colleagues.
Displayed below are some of the spectacular promotional campaigns my company Don Marketing created for Shell in the 1980s and 1990s. This was before the series of SIX high court actions we brought against Shell for stealing ideas (4) and for defamation (2) - all settled by Shell. This website is a permanent response by me to the malicious underhand tactics, including treachery, espionage and intimidation, used by Shell during and after the bouts of litigation. More information is printed at the foot of this column.
MORE DETAILS: After a solicitor acting for Shell threatened to make the litigation "drawn out and difficult" with the intention of draining the resources of a financially weaker opponent, my late father (Alfred Donovan) and I decided to mount a wide-ranging campaign as a counter-measure. We jointly founded the Shell Corporate Conscience Pressure Group, which nearly 15% of Shell UK retailers joined. We regularly conducted ethical surveys involving up to 1500 Shell petrol stations. All responses were opened and authenticated by an independent solicitor who supplied Affidavits confirming the results. In whole page announcements in trade magazines (examples above) we challenged Shell to commission and publish the resuits of independent research asking the same questions and offering respondents GUARANTEED anonymity. Shell never took up the invitation. Instead it asked the UK Advertising Standards Authority to investigate our Shell surveys. No problems were found. The head-cut image of Alfred Donovan appears courtesy of The Wall Street Journal.
SHELL CONTROVERSIES
selection of memorable warnings/articles/images associated with the controversial track record of Royal Dutch Shell.
WARNING: DO NOT DISCLOSE YOUR IDEAS TO SHELL GameChanger OR SHELL Ideas360 WITHOUT TAKING EVERY POSSIBLE PRECAUTION. Shell management has ample funds to pay for intellectual property but prefers to steal it from small businesses and in our experience, gives its full backing to dishonest managers willing to do its bidding. We have sued Shell repeatedly in the High Court for the theft of our Intellectual Property. It is doubtful if anyone can match our dire experience in dealing with this ruthless unscrupulous serial poacher of other parties ideas. Expect threats, legal machinations and sinister action from Shell and its spooks if you object to having your ideas stolen.
Some years ago extensive documentary evidence was brought to the attention of Malcolm Brinded above, when he was Chairman of Shell UK, proving beyond any doubt that Shell executives had conspired to rig a tender for a major contract. A number of innocent firms were deliberately lured into signing confidentiality agreements and disclosing Intellectual Property to Shell under false pretences, in a carefully contrived plot. The firm which was awarded the contract never took part in the tender. One objective of the Machiavellian plan was to stop/delay IP trade secrets owned by the participants in the tender from being disclosed to Shell's rivals. This was achieved by outright deception, without paying a cent to the firms involved, who wrongly believed they were participating in an honest tender. Instead of sacking the ring leader, AJL - who had a personal relationship with the firm which miraculously won the race in which it never ran - Shell senior directors, including Brinded, gave AJL their full backing. Some of the Shell executives involved, including for example, Tim Hannagan, still hold high positions inside Shell - in his case, Global Brand and Visual Identity Manager. If Shell does not accept that this is a true, provable account of what happened, then it should sue for libel. How on earth is such predatory conduct compatible with Shell's claimed business principles?
JUNE 6, 2019 / 2:17 PM
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By: 
MAY 21, 2019 / 2:51 PM
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.
May 3, 2019 9:04 AM ET
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.
April 10, 2019: 12:58PM
Apr. 9, 2019 10:26 AM ET
Oil giant Shell has emerged as the world’s “most valuable” oil and gas brand, according to a global brand consultancy group.
Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP together have spent more than $1 billion on public relations since the Paris Agreement.
Mar. 21, 2019 12:07 PM ET
Royal Dutch Shell (
natural gas producer – Shell CEO
Shell sets its first carbon reduction targets on output, consumption
The agreement was signed by Maarten Wetselaar, Shell’s Director of Integrated Gas and New Energies together with Harib Al Kitani, CEO of Oman LNG in the presence of Ben van Beurden, CEO of Royal Dutch Shell.
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.
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FEBRUARY 25, 2019 / 6:50 AM
Head-cut image of Alfred Donovan appears courtesy of The Wall Street Journal.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
