News and information on Royal Dutch Shell Group
AskWonder.com: Research on external factors (suppliers, customers, competition, environment, etc) that are influencing Royal Dutch Shell at the moment. Delivered January 30th, 2017.
Links to royaldutchshellplc.com and royaldutchshellgroup.com as reference sources.
Aberdeen job cuts loom as Shell retrenches in North Sea
Group Business Correspondent
ROYAL Dutch Shell has announced plans to cut around 330 jobs in its UK North Sea oil and gas business which is run from Aberdeen.
The cuts will reduce total employee numbers in the Anglo-Dutch giant’s North Sea business to around 1,000.
It is understood the bulk of the cuts will affect office-based roles in Aberdeen.
The cuts are being made under a programme initiated by Shell amid the oil price plunge that was triggered by the coronavirus crisis.
Shell postpones North Sea seismic job due to fishing, environmental concerns
Operator Shell made the decision following “extensive stakeholder engagement” and the revision of the environmental impact assessment.
The oil giant concluded that the commercial impact on local fishing businesses, along with potential impacts on marine mammalian movements, the breeding season for sea birds and tourism, meant it would be better to do the work in February.
The survey had originally been scheduled for March or April 2021.
SHELL INVESTS IN QUEBEC’S FIRST WASTE TO LOW-CARBON FUELS PLANT
Jan. 05, 2021
Shell Canada Limited, an affiliate of Royal Dutch Shell plc (“Shell”), today announced the signing of commercial agreements to invest in Varennes Carbon Recycling, the first waste to low-carbon fuels plant in Québec, Canada.
Calgary, AB – Shell will have a 40% interest in the plant using technology developed by Enerkem, a leading Canadian clean tech company. Enerkem announced the project in December 2020, subject to finalization of commercial agreements.
Fuel for Thought: Singapore looks to next energy transition, this time away from oil
Eric Yep: 29 December 2020
SHELL RELATED EXTRACTS
Shell, which started out as M. Samuel & Co. and built the first fuel depot in Singapore in the 1890s, said in November it was shutting half of its refining capacity on Singapore’s Pulau Bukom island, a move signaling the start of one era and the beginning of another for the energy hub.
Shell said Pulau Bukom will become one of its roughly six energy and chemicals parks and part of a “pivot from a crude-oil, fuels-based product slate towards new low-carbon value chains.”
Shell details its layoff of hundreds at Convent site in 2021; full shutdown set for August
Shell plans to begin layoffs for nearly 700 workers in March at its Convent oil refinery, which it expects to fully shut down in August.
The Louisiana subsidiary of Royal Dutch Shell, Equilon Enterprises LLC, previously had announced layoffs but has now filed an official notice with the Louisiana Workforce Commission outlining its plans.
Shell looks to lay off all 698 workers at the refinery, 340 of whom are represented by a union, according to the letter.
Shell Nigeria oil site seized over unpaid damages
Shell warns of flaring at Dutch Pernis oil refinery due to ‘malfunctioning’ unit
LONDON (Reuters) – Royal Dutch Shell warned on Twitter on Monday of increased flaring at its 400,000 barrel per day Dutch Pernis oil refinery, Europe’s largest, due to a “malfunctioning” unit which it did not name.
Reporting by Ahmad Ghaddar and Shadia Nasralla; editing by David Evans
Layoffs at shuttered Shell Convent, Louisiana, refinery to begin in late Feb -sources
By Reuters Staff: DECEMBER 18, 2020
HOUSTON (Reuters) -Layoffs of hourly workers at Royal Dutch Shell Plc’s shuttered Convent, Louisiana, refinery are scheduled to begin on the last day of February, said sources familiar with plant operations.
The next round of layoffs is scheduled for March 31, the sources said.
A Shell spokesman did not reply to a request for comment.
About 350 hourly workers will leave jobs they have performed for years at the 211,146 barrel-per-day (bpd) refinery located 46 miles (74 km) west of New Orleans.
Shell climate lawsuit: Dutch activists push courts for steeper emissions cuts
Companies that make money selling coal, oil and gas could be held more accountable if judges in the Hague order fossil fuel giant Shell to cut its emissions.
Backed by 17,000 Dutch citizens, climate activists are wrestling fossil fuel giant Royal Dutch Shell in court over its responsibility to cut emissions to levels that comply with global treaties.
On the last of four days of hearings in the District Court of the Hague, seven environmental groups led by Friends of the Earth Netherlands pressed the court to force the oil major to commit to the Paris Agreement target of keeping warming to 1.5C. This would mean cutting net carbon emissions by 45% from today’s levels in a decade, the campaigners say, at a time where Shell is still investing heavily in fossil fuels.
New York Becomes The First State To Divest From Oil And Gas
The Empire State’s pension fund is the largest to dump fossil fuel investments ― ever, in the entire world.
New York state announced plans on Wednesday to eject oil and gas stocks from its $226 billion financial portfolio, becoming the first U.S. state and the biggest pension fund anywhere to divest from fossil fuels.
By 2025, the New York State Common Retirement Fund, which disburses some $1 billion in benefits to retirees each year, will sell off its “riskiest” oil and gas stocks, following a review. The state aims to completely eliminate carbon polluters from its portfolio by 2040.
Shell Nigeria Employees Vandalize Oil Pipelines
By Charles Kennedy – Dec 10, 2020, 9:30 AM CST
Employees of Shell’s Nigeria subsidiary SPDC ordered the deliberate vandalization of oil pipelines to profit from them, according to a Dutch TV documentary, done in partnership with environmentalist organization Milieudefensie.
Aljazeera reports that the program, to be aired today, cites witnesses who said pipeline leaks were caused by SPDC employees.
“According to sources, Shell employees profit from these intentional oil leaks by pocketing money from clean up budgets,” the program, Zembla, said.
World’s top oil trader retiring from Shell
, Bloomberg News: 9 Dec 2020
Royal Dutch Shell Plc is shaking up its mighty in-house trading unit, with the retirement of Mark Quartermain as head of crude — a job widely seen as the most powerful in the global oil-trading industry.
The Anglo-Dutch oil major used the reshuffle to promote at least three women to top positions in trading, a rarity for an industry still dominated by men.
Quartermain will retire in the summer of 2021, less than four years after taking the job, having led the team through one of the most turbulent and profitable periods in history. He will be replaced by Stacie Pitts, who becomes the most influential woman in the oil-trading business.
Malabu: Eni gets green light to subpoena companies over Nigerian litigation arrangement
The Malabu scandal involves the transfer of about $1.1 billion by oil multinationals, Shell and ENI, through the Nigerian government to accounts controlled by a former Nigerian oil minister, Dan Etete.
Oladeinde Olawoyin: December 8, 2020Italian oil giant, Eni S.P.A, has been granted approval to subpoena asset recovery and litigation finance companies that it accused of being involved in a shady deal to fund litigation relating to Nigeria’s OPL 245 scandal in Italy.
Communities in oil-rich Niger Delta pin hopes on Shell climate case
DAKAR, Dec 1 (Thomson Reuters Foundation) – As a legal case over energy giant Shell’s planet-heating emissions kicked off in the Netherlands, activists said the health and livelihoods of people in Nigeria’s oil-producing region would hinge on its outcome.
Royal Dutch Shell faced its first court hearing on Tuesday in a lawsuit brought by environmental and human rights groups in The Hague, the company’s headquarters.
Oil majors wipe $80 billion off books as epidemic, energy transition bite
By Ron Bousso:
By Ron Bousso
LONDON (Reuters) – The world’s top energy companies have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition.
Exxon Mobil, the largest U.S. oil company, announced on Monday it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest ever impairment following the sharp drop in energy prices this year.
Amnesty International has been challenging Shell for decades about the devastating impact that pollution and environmental damage, associated with the company’s operation, have had on the human rights of people in the Niger Delta, Nigeria. Shell has, however, tried to delegate its responsibility for the damage to its Nigerian subsidiary, SPDC, making it more difficult even for victims to seek justice. Today, there is a case pending in the UK which seeks to hold the company accountable.
Multinationals Seem Too Big For Accountability. Switzerland May Change That
Royal Dutch Shell paid no corporation tax in Britain
The Anglo-Dutch oil major paid a total of $7.8 billion in corporate income tax globally last year, but in Britain it received $116 million from the government
Royal Dutch Shell paid no corporation tax in Britain last year, despite paying billions of dollars in other jurisdictions.
The Anglo-Dutch oil major paid a total of $7.8 billion in corporate income tax and $5.9 billion in royalties last year on a pre-tax profit of $25.5 billion, according to its annual report, which was published yesterday.
“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.
Shell: Regaining Dividend Respectability And Shifting Toward Green Hydrogen
The Daily Drilling Report: 10 November 2020
SummaryThe 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.
Shell Singapore to cut 500 jobs in next three years as it downsizes Pulau Bukom operations
Ovais Subhani: NOVEMBER 10, 2020
The transition at Bukom has been planned in consultation with all the stakeholders including the Government and the trade union.
SINGAPORE – Royal Dutch Shell’s pivot away from crude oil towards a low-carbon slate of fuels will cost Singapore 500 jobs and half of the processing capacity on Pulau Bukom in the next three years.
Twitter Roasts Shell for “Gaslighting” Consumers With Emissions Poll
BY SOPHIE HIRSH
Sometimes, you just need to take a good, hard look at yourself in the mirror. We’re talking to you, Shell.
This week, oil and gas corporation, Shell, took a break from polluting the planet to ask people on Twitter how they were willing to change their individual habits to help reduce emissions. As one might expect, Shell’s Twitter poll regarding emission reduction did not go over well.
BP And Shell’s Renewables Plans – Go Woke Go Broke
The idea of the world going green is just fine. Climate change is a real problem, we’re causing it, we need to do something about it. I’m one of the few on that free market right who has been saying this for the past decade or so and don’t I get stick for it too.
The idea of companies investing in doing that going green is just fine too. As someone on that free market right I would insist that this is the only way we will go green too. The capitalist way, people making a buck out of what people desire to be done.
Shell Explores Plans for North Slope Development
01 November 2020
Dutch oil major Shell is looking to further develop its North Slope oil position in Alaska. The company’s offshore unit applied to form the West Harrison Bay Unit offshore from the National Petroleum Reserve–Alaska with plans for drilling and exploration.
The proposed West Harrison Bay Unit comprises 18 leases in West Harrison Bay approximately 34 miles northwest of the Colville River Unit. Shell holds 100% working interest in those 18 leases, covering more than 78,000 acres in the proposed unit.
Shell to axe refining plants and focus on dividends and debt reduction
Royal Dutch Shell PLC (LON:RDSB) has unveiled a huge restructuring of its refining and chemical operations as part of a strategic overhaul that places dividends at its centre.
The Anglo-Dutch giant said its fourteen refining sites will be reduced to six integrated chemical parks, with a switch in focus to performance chemicals and recycled feedstocks.
Shell’s marketing arm will also be strengthened with the development of the integrated power business and hydrogen and biofuels.
OPL 245: Nigeria hires London-based firm to lead dispute with Eni
Nigeria has hired the services of Franklin Wyatt, a London-based consultancy company, to provide legal advice in a dispute with Eni, an Italian oil and gas company.
Franklin Wyatt, according to information on its website, specialises in dispute consultancy by providing advise beyond legal perspectives.
There is an age-long dispute between Eni and Nigeria over oil prospecting licence (OPL) 245 deal.
The oil deal dates back to 2011, when Shell and Eni acquired the massively rich OPL 245 for over $1.3 billion — paying $1.1 billion to take over 100 percent of Malabu’s interest and $210 million to the federal government as signature bonus.
The Big Oil Side Hustle: Where ‘Renewable’ Money Is Really Going
By Alex Kimani – Oct 20, 2020, 6:00 PM CDT
In 2016, Shell set an ambitious goal to invest $4bn to $6bn in clean energy projects by 2020, though the Guardian recently reported that it was unlikely to meet that target. So, why is Big Oil still dragging its feet…
Every time an oil and gas major announces a major foray into renewable energy, the skeptics come out like clockwork and lambast the sector for merely trying to burnish its green credentials.
Nigeria Repays Dues To Oil Majors
By Tsvetana Paraskova – Oct 20, 2020, 12:30 PM CDT
The Nigerian National Petroleum Corporation (NNPC) has repaid most of the arrears it owes to international oil companies for joint venture operating expenses, recently repaying US$3 billion to Exxon and Shell, Bloomberg reported on Tuesday, citing a statement from the Nigerian state oil firm.
NNPC works in joint ventures with the major international oil producers in Nigeria, including ExxonMobil, Chevron, Shell, Total, and Eni. However, the stretched finances of the Nigerian company has led to arrears in its payments for contributions to the operating expenses of those joint ventures.
Oil Majors Stuck Between A Rock And A Hard Place
By Andreas De Vries – Oct 18, 2020, 6:00 PM CDT
Extracts
The past few years have been historic for as far as crude oil forecasts are concerned. Back in 2015 the view that crude oil demand could peak during the 2020s or 2030s was still met with disbelief (and some ridicule…). Economic growth had been pushing crude oil demand up ever year for decades already, so why would things become different, so the reasoning went. Today, however, essentially all major energy forecasters, including BP, Shell, Total, DNV-GL, the IEA and even OPEC, have come round and acknowledge Peak Oil Demand as a realistic possibility.
Shell takes Sarnia Manufacturing Centre off the market
October 15, 2020 1:44pm
Shell Canada is no longer actively pursuing the sale of its Sarnia Manufacturing Centre.
Media Relations Manager Tara Lemay made the announcement in a news release Thursday.
“We have decided to stop actively marketing the Sarnia Manufacturing Centre and its associated infrastructure which includes the refinery, chemicals plant, Sarnia and Hamilton Distribution terminals and Shell’s 45 per cent interest in Sun-Canadian Pipeline” said Lemay. “Shell will continue to operate these assets while maintaining our marketing presence in Ontario and continuing to honour branded supply and wholesale agreements.”
Workers removed from North Sea platform after colleague tests positive for Covid-19
More than a dozen workers have been removed from a North Sea platform after a colleague tested positive for Covid-19.
Energy giant Shell confirmed that a crew member, who was demobilised from the Nelson platform on Friday, subsequently tested positive for the virus.
Contact tracing then found another 14 people had come into close contact with the individual, who were all removed from the installation on Sunday as a precaution.
Big Oil’s $110 billion asset sale target could prove big ask
By Ron Bousso: October 1, 2020
LONDON (Reuters) – Leading energy companies are hoping to sell dozens of oil and gas fields and refineries worth more than $110 billion to curb both their ballooning debt and their carbon footprints.
But with the outlook for oil and gas prices uncertain because of the coronavirus pandemic and a shift to cleaner energy, finding buyers and striking deals might prove tricky.
“This is not a very good time to sell assets,” Total CEO Patrick Pouyanne said while presenting the French giant’s strategy to switch to renewables on Wednesday.
FINANCIAL TIMES
…the Anglo-Dutch group has been forced into previously unthinkable moves, change and scrutiny of its capital allocation plans mount, is scrambling to come up with an updated plan. In the meantime, it is cutting costs and streamlining.
On Wednesday it offered a glimpse into Project Reshape, its organisational restructuring in which up to 9,000 jobs will be cut from its 83,000-strong workforce to save $2.5bn a year.
All Shell is thinking about is how do we maintain our position as a market leader in every sense — from climate action to staying competitive in the oil and gas space,”one company insider said. “The fear is that we go from being a leader to a laggard.
Shell Plans to Divest Oil Drilling Rights off North Alaska Coast
Shell Oil is planning to divest — not drill — an oil prospect in shallow state waters off Alaska’s northern coast, despite a recent filing with regulators, spokesman Curtis Smith said.
Shell Offshore Inc. had asked state regulators to combine 18 shallow-water leases and create the West Harrison Bay Unit “in order to pursue a commercial agreement with an alternative operator,” Smith said by email
“Shell has no intention to operate these leases, which were originally purchased in 2012 and are due to expire in 2022”
U.S. and European Oil Giants Go Different Ways on Climate Change
While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots.
By Sept. 21, 2020, 5:00 a.m. ETHOUSTON — As oil prices plunge and concerns about climate change grow, BP, Royal Dutch Shell and other European energy companies are selling off oil fields, planning a sharp reduction in emissions and investing billions in renewable energy.
The American oil giants Chevron and Exxon Mobil are going in a far different direction. They are doubling down on oil and natural gas and investing what amounts to pocket change in innovative climate-oriented efforts like small nuclear power plants and devices that suck carbon out of the air.
Shell files offshore drilling plans for Alaska’s North Slope
17 Sept 2020
ANCHORAGE, Alaska (AP) — Shell Offshore Inc. has submitted plans to plans to drill for oil in the waters along the National Petroleum Reserve-Alaska in the coming years.
The Dutch oil industry giant applied to form the West Harrison Bay Unit to explore in state waters off the North Slope region, The Alaska Journal of Commerce reported Wednesday.
Documents submitted to the state Division of Oil and Gas said Shell has attempted to find a partner to work on the West Harrison Bay leases for at least a year.
COMMODITIES: SEPTEMBER 9, 2020 / 8:01 AM
Kosmos Energy to sell some exploration assets to Shell
(Reuters) – Oil and gas producer Kosmos Energy said on Wednesday it agreed to sell certain exploration assets in Africa and South America to a unit of Royal Dutch Shell for up to $200 million.
Shell will acquire the company’s participating interest in blocks offshore São Tomé and Príncipe, Suriname, Namibia and South Africa, Kosmos said in a statement.
Kosmos said it plans to use up to one-third of the initial sale proceeds of $100 million to test two high-quality infrastructure-led exploration prospects in the Gulf of Mexico.
Press release 7th September 2020
Ken Saro Wiwa Resurrection: Spirit of the Ogoni
November the 10th 2020 is the commemoration of the 25th anniversary of the execution of the environmentalist, author Ken Saro Wiwa and 8 others who became known as the Ogoni 9.
More than 25 years ago Filmmaker Nathan Achim Sheppard filmed and conducted an in-depth interview at Ken’s home in London about his life, work and struggle.
Literally a few hours before his final journey to Nigeria never to return.
In this interview Ken also directs his daughter reading a moving passage from one of his books.
Malabu Oil Deal: Canadian judge dismisses suit challenging Nigeria’s grounding of Etete’s jet
A Canadian judge on Thursday dismissed an application seeking leave to appeal the judgement that confirmed the grounding of a luxury private jet purchased by a former Nigerian oil minister, Dan Etete, with some of the alleged proceeds of the controversial $1.3 billion Malabu OPL245 oil deal.
The suit was filed before the court by Tibit Limited, an anonymously owned company incorporated in the British Virgin Islands (BVI), claiming ownership of the jet.
A Glut of Refineries Is the Oil Industry’s Next Problem
New capacity in the developing world is making European plants that turn oil into gasoline and other products obsolete
By Rochelle Toplensky: Sept. 3, 2020 5:03 am ET
This year’s oil glut is already receding. It is a shame that can’t be said of the global glut of oil refineries, which is only getting worse.
Europe in particular has long had too many oil refineries, but the pandemic-induced fall in energy demand has ramped up pressure to resolve the problem. For the region’s big oil producers—already reeling after a flood of excess oil pushed some prices below zero in April—a few aging assets are likely in line for a makeover. Others could be destined for the scrap heap.
Shell to raise investment plan for Mexican ultra-deepwater field to $345M
Mexico’s National Hydrocarbons Commission approves Royal Dutch Shell’s (RDS.A, RDS.B) request to carry out all permitted activities in its exploration plan for the ultra-deepwater Xochicalco oilfield in the Gulf of Mexico.
Shell will drill a well at depths of five miles trying to reach a Wilcox formation, with prospective reserves of as much as 562M boe, boosting its investment in the play to $345.8M from $104M in the original exploration plan, which was first approved in June 2019.
Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil’s pre-salt
RIO DE JANEIRO, Aug. 25, 2020 /PRNewswire/ — Shell announced today a final investment decision taken by the Libra Consortium, operated by Petrobras, to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field within the offshore Santos Basin in Brazil.
This is the third production system to be deployed in the Mero field, with final investment decisions to contract the Mero-1 and Mero-2 FPSOs already taken. Each unit has a daily operational capacity rate of 180,000 barrels of oil equivalent, with production coming online over the next four years. The Pioneiro de Libra FPSO (50,000 barrels of oil equivalent/day) has been producing at Mero since 2017 and is a key source of information for the consortium to aid further development and productivity of the field, reservoir and wells.
Shell to begin seismic work on North Sea gas discoveries next year
by :
It comes as the energy giant took over operatorship of the licences from Egdon Resources, farming in with 70% interest in both.
Under the deal, Shell will pay 85% of the costs for acquiring and processing the 3D seismic survey, which needs to completed by May 31 2021 under the terms of the licenses.
Shell will meet these costs up to $5million, at which point Egdon will be responsible for 30% of survey.
INSIGHT- In the run-up to U.S. election, drilling lobby promotes natural gas as “clean”
By Valerie Volcovici, Andrew R.C. Marshall and Matthew Green: AUGUST 18, 2020
WASHINGTON/LONDON, Aug 18 (Reuters) – America’s biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying data.
The campaign by the American Petroleum Institute (API), targeted at younger voters and some tight congressional races, is part of a global battle by the drilling industry to assuage growing fears over the role of natural gas in driving climate change.
Unit failure at Shell’s Pernis oil refinery resolved
Reporting by Ahmad Ghaddar; Editing by David Goodman
FACTBOX-Oil refiners shut plants as demand losses seen continuing
Aug 17 (Reuters) – Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses.
The pandemic initially cut global fuel demand 30% and refiners temporarily idled plants. But consumption has not returned to pre-pandemic levels and lower travel may be here to stay, leading to tough decisions for permanent shutdowns. Here are some of the plants involved:
Big Oil’s Most Profitable Business Is No Longer Oil
It’s been a rough year for oil, to say that least. And the worst isn’t over yet. Even though oil demand, and therefore oil prices, have been slowly recovering, that upward trajectory is now running out of steam and we’re headed toward a slump amidst what will almost certainly be a yearslong recession in the wake of the economic fallout from the devastating spread of the novel coronavirus.
How Nigeria’s AGF Malami Indicted Predecessor Adoke In OPL 245 Scam While Testifying In London
Malami, while testifying, said Adoke accompanied P&ID in making Nigeria lose the case. He also accused Adoke to have received a bribe of more than $800,000.
BY SAHARA REPORTERS, NEW YORK JUL 30, 2020
Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, has made egregious corruption claims against his predecessor, Mohammed Bello Adoke, while testifying for Nigeria in the ongoing P&ID case.
Shell Swings to Historic Loss as Pandemic Devastates Oil Demand
Anglo-Dutch oil major warns that uncertain demand outlook could curtail its third-quarter production
Royal Dutch Shell PLC swung to a heavy loss in the second quarter and warned that the outlook for oil-and-gas demand continued to be uncertain, illustrating the scale of damage Covid-19 is wreaking on the industry.
The pandemic has decimated demand for oil, hitting prices hard. When around two-thirds of the world’s population was in lockdown in early April, global oil demand fell by a third, according to the International Energy Agency.
Shell avoids loss with strong trading, wipes $17 billion off assets
Ron Bousso, Shadia Nasralla: JULY 30, 2020LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.
Shell had warned last month it was set to slash the value of its oil and gas assets by up to $22 billion as the coronavirus crisis hollowed out energy demand.
“Shell has delivered resilient cash flow in a remarkably challenging environment,” CEO Ben van Beurden said in a statement on Thursday.
See our link list of over 500 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 over 60 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. 
