News and information on Royal Dutch Shell Group
Nature based solutions: Shell Energy debuts new ‘carbon neutral’ tariffs
Energy giant launches new carbon offset tariffs, as polling shows majority of public think lockdown has made them more aware of climate impacts
Shell Energy Retail has this week launched two new ‘carbon neutral’ energy tariffs for British households, combining its existing 100 per cent renewable power offer with a promise to offset emissions from heating and cooking through investment in nature-based projects.
Bloomberg News: Jacqueline Poh: May 29, 2020: 10:51 AM EDTBloomberg) — Oil and gas companies worldwide have raised $171 billion of debt from the loan and bond markets since March after the coronavirus pandemic hit demand for fuel.
The $171 billion tally is equivalent to the volume of bonds sold for the industry in the whole year of 2019. The debt pile is set to grow further with almost $120 billion of borrowings due by the end of the year that will need to be either repaid or refinanced. Of that amount, $43 billion is in bonds and $76 billion in loans.
Merchants (MRCH) fund manager Simon Gergel has cut the investment trust’s stake in Shell (RDSB) by a third in response to the oil company’s historic move to slash its dividend last month.
The Anglo-Dutch company cut its quarterly dividend by two thirds from 47 to 16 US cents at the end of April, as the coronavirus crisis precipitated the first such move since the second world war.
Shell’s decision shocked income fund managers two days after rival BP (BP) had chosen to maintain its own dividend. However, Gergel reiterated his view that the company’s changing plans were as much of a challenge to the investment case as the loss of income.
Shell Offers Staff Voluntary Severance Pay
As the price of a Brent barrel is trading at nearly half of what it was at the beginning of the year, Royal Dutch Shell Plc (NYSE: RDS.A) is planning on offering some staff voluntary severance, according to Bloomberg sources.
In a note to its staff, Shell CEO Ben van Beurden said that the Dutch oil major was working to become leaner and more resilient, according to the Bloomberg sources who saw the correspondence.
By Davidson Iriekpen:
Facts have emerged that the lead Italian prosecutor in the criminal case involving Shell and ENI over the OPL 245 affair, Dr. Fabio De Pasquale, concealed a significant material fact from the Milanese court concerning the former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke, THISDAY has learnt.
In the transcripts of the hearing with Criminal Proceeding No. 54772/13 RGNR, the prosecution witness, Ferri Alessandro, had told the court that Adoke owned the property at No. 271, Cadastral Zone A06 Maitama, Abuja, for which he had collected a mortgage of N300 million from Unity Bank in 2011.
MAY 15, 2020
Former Niger Delta Affairs Minister Godsday Orubebe’s wife Maureen, has been grilled by the Economic and Financial Crimes Commission (EFCC) over a N500 million deal linked to the $1.092 billion Malabu Oil Block scandal.
Mrs. Orubebe is also being investigated for alleged money laundering.
She was alleged to have bought three assets from the company of one of the suspects on trial over the Malabu Oil Block Settlement Agreement.
The assets were alleged to be part of those which over $523 million (out of $1.06b) was used for.
By Elizabeth May May 12th 2020
It has been an interesting week. On the morning of May 6, I held a press conference in West Block before the weekly in-person session of Parliament opened. I spoke about how virtual Parliament is working, and Green recommendations to make it work better.
When we got to questions, the first one was CBC’s Julie Van Dusen. She asked about a possible bailout to Big Oil. And I explained that the evidence was coming in thick and fast that oil’s day was done. And she zeroed in on: “Are you saying oil is dead?”
Big Oil Earnings Battered By Virus, But Worst is Yet to ComeLaura Hurst: May 11 2020, 4:31 AM
EXTRACTS
(Bloomberg) — Big Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier.
Major oil and gas producers from Norway to the U.S. saw profit plunge in the opening three months of the year. Exxon Mobil Corp. reported its first loss in over 30 years, Royal Dutch Shell Plc cut its dividend for the first time since the Second World War.
Big Oil’s generous dividends have long been its main attraction to investors. But thanks to Shell Chief Executive Officer Ben van Beurden they are no longer sacrosanct, after he slashed his company’s payout by two thirds.
By Matthew Green: MAY 6, 2020
LONDON, May 6 (Reuters) – Britain’s advertising watchdog has ruled Royal Dutch Shell’s ad campaign on petrol pumps promising customers they can “drive carbon neutral” is acceptable, following complaints.
The Anglo-Dutch oil major said in October it would become the first petrol retailer in Britain to offset the carbon dioxide emissions from customers’ fuel purchases at its service stations at no extra cost by backing forestry schemes.
The Advertising Standards Authority (ASA) said in March it had launched an investigation into an accompanying advertising campaign after receiving complaints from people who thought it was misleading given the role of oil in climate change.
By Nick Cunningham – May 04, 2020, 5:00 PM CDT
Exxon posted its first quarterly loss in more than 30 years. But even as debt mounts and questions arise about peak oil demand, the oil supermajor nevertheless vowed to protect its dividend while also aiming to grow indefinitely into the future. Exxon lost $610 million in the first quarter, down from a profit of $2.4 billion a year earlier. Worse, the period only included a few weeks of oil prices at catastrophically low levels. As a result, the second quarter is bound to lead dramatically worse numbers.
By Alex Kimani – May 04, 2020, 3:00 PM CDT
After months of a deep and harrowing slide, fuel demand across the world is finally starting to sputter back to life. Traffic data, pipeline flows, and sales at gas stations in the Texas City of San Antonio, Beijing, and Barcelona all suggest that the oil demand slump may have already bottomed out. But don’t rush to pop the champagne corks just yet. Indications so far are that the road to full recovery is going to be harder than climbing out of a subterranean pit, with many oil traders predicting that it might be a year or more before demand returns to pre-crisis levels.
Shadia Nasralla, Ron Bousso: APRIL 30, 2020
LONDON, April 30 (Reuters) – The ongoing transition to low-carbon energy sources may accelerate as economies recover from the impact of the coronavirus crisis, the head of oil and gas company Royal Dutch Shell said on Thursday.
Chief Executive Ben van Beurden said while Shell was not ringfencing its low-carbon Integrated Gas and New Energies division from spending cuts to weather the crisis, those businesses would be shielded from the worst of the reductions.
“Where possible, we try to spare (New Energies) a little bit and that is basically because we still believe that there is an energy transition underway which may even pick up speed in the recovery phase of this crisis and we want to be well positioned for it,” he said after Shell announced first-quarter results.
30 APRIL 2020
The energy giant also suspended the next tranche of its share buyback programme.
The move came as it announced a 46% fall in first-quarter net income to $2.9bn (£2.3bn).
Chief executive Ben van Beurden warned of “continued deterioration in the macroeconomic outlook”.
He said Shell was taking “further prudent steps to bolster our resilience” and “underpin the strength of our balance sheet”.
Global demand for oil has all but dried up as lockdowns across the world have kept people inside.
(Bloomberg) — Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.
The economic impact of the coronavirus has ripped through the oil industry in dramatic phases. First it destroyed demand as lockdowns shut factories and kept drivers at home. Then storage started filling up and traders resorted to ocean-going tankers to store crude in the hope of better prices ahead.
Royal Dutch Shell paid the American Petroleum Institute, the industry’s most powerful lobbying group, at least $12.5 million in 2019, the oil giant revealed.
Driving the news: The tally, which Shell tells Axios is consistent with recent years, shows up in a report Shell published yesterday on its trade group memberships.
Why it matters: The report, posted the same day Shell announced new climate pledges, provides a look at how much a major oil company pays to be part of various associations.
SINGAPORE, April 14 (Reuters) – GCL Oil& Natural Gas Co Ltd has entered a framework agreement with Royal Dutch Shell to explore setting up a joint venture based in eastern China to market and trade liquefied natural gas (LNG), the privately owned Chinese company said on Tuesday.
The proposed JV would secure LNG supplies from Shell and market the fuel to a receiving terminal which GCL is planning in Jiangsu province, GCL said in a statement.
A Shell spokeswoman confirmed the agreement.
Ron Bousso: APRIL 8, 2020
LONDON (Reuters) – Royal Dutch Shell’s greenhouse gas emissions declined in 2019 to their lowest in four years, according to data provided by the energy company.
At the same time, burning of unused natural gas in Shell’s upstream oil and gas operations, a process known as flaring, rose last year by 13.5%, the data showed.
The increase in flaring was due mostly to an “unanticipated spike” in flaring during the start-up of the giant offshore Prelude liquefied natural gas plant in Australia, it said.
8 April 2020
ROYAL Dutch Shell received around $110 million (£87m) more back from the UK Government in respect of its oil and gas exploration and production activity than it paid in taxes last year, the company has revealed.
In a report on the payments it made to governments in 2019 the oil giant disclosed that it received tax rebates in respect of its UK North Sea business totalling $116 million. These dwarfed the $6.5m that the company paid in fees.
The report highlights the value of the tax relief provided to firms in respect of the costs of decommissioning North Sea facilities.
Bloomberg News: Laura Hurst: April 7, 2020(Bloomberg)
— Royal Dutch Shell Plc’s greenhouse gas emissions edged lower last year due to asset sales, while the amount of natural gas burned off wastefully from its facilities — known as flaring — increased.
Shell’s direct emissions fell to 70 million tons of carbon dioxide equivalent in 2019 from 71 million a year earlier, it said Tuesday in a report. That’s the lowest since 2016.
“The main reasons for the decrease were divestments (for example, in Argentina, Canada, Iraq, Malaysia, Norway and the U.K.),” the report said. “These decreases were partly offset by the startup of the Prelude floating liquefied natural gas facility in Australia.”
Shares in Shell and BP still part of the schemeJon Stone Policy Correspondent
The parliamentary pension fund for MPs is still investing in fossil fuels despite parliament declaring a climate emergency, new figures show.
The fund is still heavily invested in Shell (£8m) and BP (£4.4m) despite over 350 current and former MPs backing a campaign to set a good example by diverting cash elsewhere.
MPs have however welcomed news in the fund’s latest filings that it is increasingly shifting its cash towards renewable energy – with five per cent of investments going to the green sector for the first time.
Oil giant Royal Dutch Shell (RDSB.L) has announced plans to cut costs, slash planned spending, and abandon a share buyback, as businesses look to hold on to cash in response to the ongoing Covid-19 pandemic.
Shell said on Monday it would cut operating costs by up to $4bn over the next 12 months and reduce planned spending by $5bn in 2020. The company is also abandoning a planned $1bn share buyback.
Ben van Beurden, chief executive of Royal Dutch Shell, said the cash conservation measures were driven by the Covid-19 pandemic, which has led to a slump in demand for oil as the global economy grinds to a halt, and the oil price war between Saudi Arabia and Russia.
Jet fuel demand has cratered as airlines suspend flights due to the coronavirus, which has infected more than 204,000 people and killed 8,710, prompting travel restrictions from governments around the world, including the United States. Market participants and refiners have had to scramble to adjust to incredibly low prices.
Gulf Coast jet cash prices were at 26.50 cents per gallon below futures, the lowest seasonally since at least 2011, the earliest data available, Refinitiv Eikon data showed.
Robert Campbell, head of oil products at consultancy Energy Aspects, estimates that demand for jet is down more than 20 percent from normal levels of about 8 million barrels per day.
By Alex Kimani – Mar 15, 2020, 10:00 AM CDT
Global oil giants are facing ever-increasing public pressure and higher levels of scrutiny over their responsibility to curb harmful greenhouse emissions. Yet, in the sprawling oilfields of Texas, New Mexico and North Dakota, an industry-old practice of burning off unwanted natural gas has refused to die.
The burning off (flaring), as well as the intentional release (venting) of natural gas, is proving to be a black eye that Permian producers just can’t get rid of.
Jonathan Saul, Ron Bousso: MARCH 11, 2020
LONDON (Reuters) – Royal Dutch Shell is in talks to charter at least three supertankers to store crude oil at sea as traders brace for a sharp rise in global stocks after OPEC and its allies abandoned a production cut deal, shipping sources said on Wednesday.
Shell has provisionally booked three 2 million barrel vessels, known as very large crude carriers (VLCCs), for storage options for at least three months, the sources said.
A Shell spokeswoman declined to comment.
Once the charters were fully negotiated, or fixed, they would be the first tankers to be used for floating storage after the recent fall in oil prices. [O/R]
The shipping sources said at least one of the vessels had an option to store oil in the United States.
Oil prices and the broader crude market pricing structure collapsed in recent days after OPEC and other major producing nations ended an output cut deal.
The humongous amount represents the punitive measures slammed on Shell Petroleum Development Company (SPDC) Limited for devastating the community and its environs and ecosystem with oil spillage.By Akin Akinwale: 8 March 2020
Justice Inyang Ekwo of the Federal High Court, Abuja, has made a garnishee order compelling the Central Bank of Nigeria (CBN) to pay the people of Ejama Community in Eleme Local Government Area of Rivers State a total sum of N182.7 billion. The amount is to be deducted from the account of First Bank of Nigeria Plc. in the custody of the CBN.
Lawyers to Ejama community told THISDAY last night they have since served the CBN the garnishee order absolute.
The humongous amount represents the punitive measures slammed on Shell Petroleum Development Company (SPDC) Limited for devastating the community and its environs and ecosystem with oil spillage.
Oil majors including Exxon Mobil Corp. and Royal Dutch Shell Plc are facing uphill battles to convince U.S. courts to enforce multi-billion dollar arbitration awards they secured against Nigeria’s state oil company.
The companies accused the Nigerian National Petroleum Corp. of taking more crude than it was entitled to under four deals that were signed in 1993 to incentivise them to develop deep offshore blocks. Those projects today account for about 30% of the country’s 2 million barrels of daily output.
Shell to explore sale of two U.S. refineriesRoyal Dutch Shell (RDS.A, RDS.B) says it will seek to sell two U.S. refineries, in Alabama and Washington state, the latest step in the drive by European oil majors to reduce their refining footprints.
The Mobile, Ala., facility has a crude capacity of 79K bbl/day and is oriented toward chemicals.
A sale of the Puget Sound refinery in Anacortes, Wash., with a 145K bbl/day processing capacity, would limit Shell’s U.S. refining presence to the Gulf Coast, where its two main facilities are the Convent and Norco refineries in Louisiana.
New York, NY—The International Institute for Conflict Prevention and Resolution (CPR), a global non-profit organization that advances dispute prevention and resolution practices and solutions, announced that Kimberly R. Phillips, General Counsel, Global Litigation, for Shell Oil Company has joined its Board of Directors. She was confirmed at a Board Meeting that took place just prior to CPR’s Annual Meeting in St. Petersburg, Florida in late February.
Kimberly is a seasoned legal professional with experience in both the private law firm and corporate legal environments. In her current General Counsel role, she leads a team of 125 lawyers and legal professionals, sitting in 14 countries, who are responsible for managing Shell’s disputes across the globe. She sits on the Global Legal Leadership Team and she also supports a Shell subsidiary business as a Board Director.
MARCH 2, 2020 / 5:02 PM
CAPE TOWN (Reuters) – Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday.
“I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to further explore any offshore hydrocarbon potential,” minister Abdirashid Mohamed Ahmed said in a statement.
Investors who take an interest in Royal Dutch Shell plc (AMS:RDSA) should definitely note that the CEO & Director, Ben Van Beurden, recently paid €22.74 per share to buy €217k worth of the stock. Although the purchase only increased their holding by 1.5%, it is still a solid purchase in our view.
Check out our latest analysis for Royal Dutch Shell
Notably, that recent purchase by Ben Van Beurden is the biggest insider purchase of Royal Dutch Shell shares that we’ve seen in the last year. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being €20.48). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government.
The global oil major plans to drill four wells this year, and a similar amount next year, said Alberto de La Fuente, Shell’s Mexico country chief. It’s part of a drilling campaign that will include 10 to 13 wells and cost from $800 million to $2.4 billion.
Shell has a major position in Mexico’s deep-waters at a time when access is hard to come by. Mexico’s new government under Andres Manuel Lopez Obrador, also known as AMLO, has promised to reverse the neoliberal policies of his predecessor and has canceled further auctions and joint-venture opportunities with state owned Petroleos Mexicanos.
Teresa Waddington, natural gas liquids plant manager for Shell in Fife, said operators and contractors wanting to be diverse and inclusive should target people who might not ordinarily apply and were currently “invisible” to employers.
She called on the north-east oil and gas sector to “redress the balance and really champion diversity”.
She added: “As a manager I write a job description for a unicorn and then I pick from a stable of horses – that’s the reality of it.
“A lot of people count themselves out when they don’t meet the unicorn job description in the first place.
FEBRUARY 6, 2020
LONDON (Reuters) – Royal Dutch Shell said on Thursday it is planning a major maintenance turnaround at its Pernis oil refinery in the Netherlands starting on May 4.
A video posted on the company’s Dutch website said the major maintenance will take place in May and June and involve cleaning towers and heat exchangers as well as replacing others.
The major maintenance means Shell will not have to do another maintenance of the same scale for another 3 to 6 years at the refinery, which is Europe’s largest with a capacity to process 404,000 barrels per day of crude.
NEW YORK, Feb 5 (Reuters) – Royal Dutch Shell has banned business travel to and from China’s Hubei province due to the coronavirus, the company said in a statement.
Shell has restricted non-essential business travel to mainland China, Hong Kong, Macau and Taiwan.
(Reporting By Jessica Resnick-Ault)
FEBRUARY 5, 2020
(Reuters) – Royal Dutch Shell, which plans billions of dollars in spending on shale drilling projects, boosted output in the top U.S. shale field to 250,000 barrels per day in December, the company’s Permian Basin head said on Wednesday.
Shell plans to spend about $3 billion per year for the next five years on shale projects, said Amir Gerges, vice president of Permian assets for Shell, at the Argus Americas Crude Summit in Houston. Its Permian Basin production rose more than 100,000 barrels per day in the last year.
NEW YORK, Feb 5 (Reuters) – Royal Dutch Shell has banned business travel to and from China’s Hubei province due to the coronavirus, the company said in a statement.
Shell has restricted non-essential business travel to mainland China, Hong Kong, Macau and Taiwan.
(Reporting By Jessica Resnick-Ault)
2 February 2020: Martinez Bay City News
MARTINEZ, Calif. – After 105 years of Shell ownership, the Martinez Refining Co., LLC is, as of Saturday, the new owner of the refinery on the Carquinez Strait just west of Interstate Highway 680.
PBF Energy Inc., headquartered in New Jersey, will now operate the facility under the name Martinez Refining Co. LLC, and the $1 billion acquisition became official Saturday. The deal was struck in mid-2019.
The Martinez refinery employs approximately 700 people. It produces gasoline, jet fuel, diesel fuel, petroleum coke, industrial fuel oils, liquefied petroleum gas, asphalt and sulfur. It also has a “coker” unit for processing heavy crude.
Jan. 31, 2020 8:27 AM ET|About: Equinor ASA (EQNR)|By: Carl Surran, SA News Editor
Equinor (NYSE:EQNR) and partner Royal Dutch Shell (RDS.A, RDS.B) say they have paid a combined $355M to jointly acquire Schlumberger’s (NYSE:SLB) 49% interest in Argentina’s onshore Bandurria Sur block.
Each partner bought a 24.5% interest in the block that covers ~56K gross acres in the central area of the Vaca Muerta play.
The two companies also reached a preliminary agreement with 51%-owner YPF to acquire an additional 11% interest, which would give Equinor and Shell each a 30% non-operated interest and YPF owning 40% interest and continuing as operator.
NEWS PROVIDED BY Shell : Feb 01, 2020, 03:17 ET
HOUSTON, Feb. 1, 2020 /PRNewswire/ — Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory. The deal also includes crude oil supply and product offtake agreements, and other adjustments.
Sam Meredith @SMEREDITH19: PUBLISHED THU, JAN 30 20202:08 AM EST
KEY POINTS
Oil giant Royal Dutch Shellreported a sharp fall in full-year net profit on Thursday, citing challenging macroeconomic conditions and lower oil and gas prices.
Net income attributable to shareholders on a current cost of supplies (CCS) basis and excluding identified items, which is used as a proxy for net profit, came in at $16.462 billion for the full-year 2019. That compared with a profit of $21.404 billion for full-year 2018, reflecting a year-on-year drop of 23%.
Analysts had expected full-year 2019 net income attributable to shareholders on a CCS basis, and excluding identified items, to come in at $17.770 billion, according to data from Refinitiv.
THE Economic and Financial Crimes Commission (EFCC) has asked the High Court of the Federal Capital Territory for a warrant of arrest to enable it extradite a former Minister of Petroleum Resources, Dauzia Loya (Dan) Etete and two others.
The others are Munamuna Seidougha and Amaran Joseph.
The anti-graft agency has preferred charges against the three suspects before the High Court over the $1.09billion Malabu Oil Block (OPL 245) Settlement Agreement.
The EFCC alleged that Rasky Gbinigie, Munamuna Seidougha (at large), Amaran Joseph sometime in 2013, in Abuja “dishonestly used as genuine the forged form CAC 7 and Board Resolution of Malabu Oil and Gas Limited and the letter of resignation of one Mohammed Sani, which they then knew to be forged documents, to open a bank account No. 2018288005 to receive $401,540,000.00 .
By: Justin Harper | January 20, 2020
Royal Dutch Shell, to give it its full name, has more than 80,000 employees spread across the globe. A large chunk of that workforce is based here in Asia, an exciting and rapidly-growing collection of markets for Shell. Singapore is the regional headquarters for the oil company and Leslie Hayward is its head of HR.
Hayward oversees a region for Shell that employs around 13,000 people, and that’s excluding the huge markets of India and China. It’s a role he’s held for eight years, although he’s been working in HR at Shell for 30 years. He has two portfolios – Singapore and the region. The ‘’region’’ isn’t the typical APAC but covers Pakistan to Japan excluding India and China. Across this region, he manages about 90 people within various HR teams. In Singapore, he oversees 3,000 employees spread across in its west Singapore headquarters, and its plants in Bukom, Jurong Island and Tuas and terminal in Pandan.
HOUSTON — Shell Oil Co. is launching a nationwide in-vehicle payment platform. Shell-branded gas stations across the United States will now accept payment through Uconnect Market, Fiat Chrysler Automobiles’ (FCA) new in-vehicle commerce platform.
This makes Shell the only vendor in Uconnect Market that allows consumers to find the nearest gas station, purchase fuel and services and save money on Shell fuel purchases from the comfort of their vehicles, the company said.
Customers who fuel eligible Chrysler, Dodge, Jeep and Ram brand vehicles at participating Shell stations will be able to use Shell Pay & Save within Uconnect Market to pay for their fuel directly from their in-vehicle touchscreens, earn and redeem valuable Fuel Rewards savings and quickly get back on the road.
Lucinda Cameron | 16th January 2020
Climate change activists have blocked the entrance to the headquarters of oil giant Shell in Aberdeen.
Extinction Rebellion Scotland members began their protest at the premises on Altens Farm Road at 6.30am on Thursday and said they plan to stay there all day.
The group say they have secured the entrances with lock-on equipment and the main entrance with XR Scotland’s big purple boat, named Amal Gous.
Harm
They said they plan to shut the building down to disrupt business and hold Shell to account for its role in the climate crisis.
Shell thinks aviation fuel will be one of the critical growth areas to explore, as ground vehicle transportation fuel and other segments are expected to decline over time. One of these expected growth segments will be sustainable aviation fuel (SAF), where a project with Lufthansa and World Energy is starting up in California.
Shell Aviation and Boston-based World Energy will help Lufthansa meet carbon emissions reduction targets by supplying the SAF on three routes operated by Deutsche Lufthansa and Swiss International Air Lines from San Francisco International Airport (SFO) to Frankfurt, Munich, and Zurich. The project is expected to supply up to one million gallons of SAF to Lufthansa over the duration of the agreement.
Jessica Resnick-Ault, Laura Sanicola: 10 JANUARY 2020
NEW YORK (Reuters) – From coast to coast, U.S. refineries are available for the taking, but nobody is buying.
With the news that Royal Dutch Shell Plc is looking to unload its Anacortes, Washington, facility, there are seven different U.S. refineries on the block now, accounting for about 5% of U.S. crude oil processing capacity, according to data compiled by Reuters.
Even with U.S. energy production at an all-time record, these properties, located from Washington state to Pennsylvania, are having trouble finding bidders because of unfavorable locales, worries about falling margins, and the coming restart of nearby facilities in the Caribbean that will add to competition, bankers and analysts said.
Royal Dutch Shell RDS.A along with another supermajor Chevron Corporation CVX and a state-owned entity Mubadala Petroleum clinched oil and gas exploration concessions in Egypt’s Red Sea. In its first ever round of licensing in the Red Sea, Egypt awarded Block 1 and Block 2 to Chevron and Shell, respectively. The third block was jointly conferred on Shell and Abu Dhabi’s Mubadala Petroleum.
The exploration concession wins were in line with Shell’s growth commitment to cement its position offshore Egypt, mainly in the marine concession and deep-water regions, thereby supporting the government’s energy hub vision and increasing the LNG value chain.
Shaffiq Alkhatib: Court Correspondent: 3 Jan 2020
SINGAPORE – A former tanker captain linked to the largest gas oil theft that Singapore has ever seen has admitted to his role in the crime.
The Straits Times had earlier reported that 340,000 tonnes of gas oil worth over $200 million had been stolen over the years since 2014 from Shell’s refinery in Pulau Bukom, the largest petrochemical production and export centre in the Asia-Pacific region.
Nguyen Duc Quang, 48, received misappropriated gas oil worth more than US$7.3million (S$9.8 million) in all.
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About: Shell Midstream Partners, L.P. (SHLX), Includes: RDS.A
Power Hedge: Macro, energy, alternative energy, contrarian
See our link list of 477 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of 64 books also containing references to our websites and/or our activities.
John Donovan, the website owner
Head-cut image of Alfred Donovan appears courtesy of The Wall Street Journal.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA – HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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:
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. 
