News and information on Shell PLC
REUTERS
June 25, 2021: 5:25 PM BST
LONDON, June 25 (Reuters) – Royal Dutch Shell (RDSa.L) said on Friday it had agreed to acquire BP’s (BP.L) 27.5% stake in the Shearwater North Sea gas field, raising its stake in the field to 55.5%.
Reporting by Ron Bousso, editing by Louise Heavens SOURCE
OILPRICE.com
The Unintended Consequences Of Punishing Big Oil
By Tsvetana Paraskova – Jun 23, 2021, 12:00 PM CDT
The ‘day of reckoning’ for Big Oil, when events at boardrooms and courtrooms issued last month the starkest warning to oil majors’ license to operate yet, was hailed as a huge victory for climate activists. But the climate celebration may be a bit premature.
Rebel shareholder votes at Exxon and Chevron and a court ruling against Shell delivered a blow to Big Oil in a single day, and environmentalists are ecstatic.
The Guardian
A group of activists who were threatened with arrest on Saturday evening after staging an “occupation” of the Science Museum in London have vowed to renew their fight on Sunday.
The London branch of the UK Student Climate Network (UKSCN) organised a demonstration at the museum in protest at its decision to accept sponsorship from fossil fuel giant Shell.
The museum in South Kensington has partnered with Shell to fund its Our Future Planet exhibition about carbon capture and storage and nature-based solutions to the climate crisis.
Reuters
Shell plans to bid in Norway’s 1st offshore wind tender
June 17, 20214:03 PM BST
OSLO, June 17 (Reuters) – Oil major Shell (RDSa.L) teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.
Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades, and like many of its peers sees offshore wind as a cross-over technology in a bid to become carbon neutral in its operations.
CBS SF
Supreme Court Allows San Francisco, Oakland Lawsuits Against Big Oil Companies To Proceed
On Monday, the U.S. Supreme Court declined to throw the suits out of court, although the cases still face many daunting obstacles ahead.
Seeking Alpha
Jun. 13, 2021 7:19 PM ET Royal Dutch Shell plc (RDS.A), RDS.BBy: Josh Fineman, SA News Editor
THE NEW YORK TIMES
Exxon’s defeat in a boardroom battle is a turning point for social activism.
June 10, 2021, 4:59 a.m. ETAn activist investor successfully waged a battle to install three directors on the board of Exxon Mobil last week with the goal of pushing the energy giant to reduce its carbon footprint. The investor, a hedge fund called Engine No. 1, was virtually unknown before the fight.
The tiny firm wouldn’t have had a chance were it not for an unusual twist: the support of some of Exxon’s biggest institutional investors. BlackRock, Vanguard and State Street voted against Exxon’s leadership and gave Engine No. 1 powerful support. These huge investment companies rarely side with activists on such issues.
Shell’s Australia boss says Big Oil faces a push for faster change
By Nick Toscano
The Australian boss of global energy giant Shell says society’s growing determination to speed up the shift to cleaner energy has driven a sharp escalation of climate pressure engulfing oil and gas producers this year.
In his first public comments since a Dutch court ordered Shell to set deeper and faster emissions cuts targeting a 45 per cent reduction by 2030, Shell Australia chairman Tony Nunan said he believed industry, governments and the public were becoming increasingly aligned on the need to achieve net-zero emissions by the middle of the century.
REUTERS
Former Shell U.S. President John Hofmeister dies at 73
Gary Mcwilliams: June 7, 2021Former Shell Oil President John Hofmeister, who led the oil major’s U.S. efforts to help restore investor confidence after an accounting scandal nearly two decades ago and later set up an energy advocacy group, has died.
euronews.green
By Johnny White
Last week a Dutch court ruled that one of the world’s biggest oil companies, Royal Dutch Shell, must reduce its greenhouse gas emissions by almost half in the next nine years.
It’s no exaggeration to say this landmark verdict, which linked the need for the fossil fuel company to decarbonise to climate science and human rights, is a watershed moment for corporate climate accountability.
The case, brought by Friends of the Earth Netherlands and over 17,000 Dutch citizens, established that Shell was in breach of its duty of care under the Dutch Civil Code, informed by its human rights responsibilities, by contributing dangerously to climate change.
Engine No. 1 has told the Financial Times that Exxon will need to cut fossil fuel production for the company to position itself for long-term success, “What we’re saying is, plan for a world where maybe the world doesn’t need your barrels,” Engine No.1 leader Charlie Penner has told FT.
Meanwhile, a Dutch court has ordered Royal Dutch Shell (NYSE:RDS.A) to cut its greenhouse gas emissions harder and faster than it had previously planned.
Whereas climate change issues are the presumptive reasons behind the latest wave of investor revolts at the oil and gas giants, lurking beneath the surface is a growing sense of apprehension about Big Oil’s strategy and failure to generate adequate returns for shareholders in recent decades.
REUTERS
OPEC, Russia seen gaining more power with Shell Dutch ruling
Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.
Defeats in the courtroom and boardroom mean Royal Dutch Shell (RDSa.L), ExxonMobil (XOM.N) and Chevron (CVX.N) are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s national oil company Saudi Aramco…
Seeking Alpha
Big Oil’s Very Bad Wednesday
May 30, 2021 11:55 PM ETBNO, CVX, DBE… MV Financial
allAfrica.com
Oil Giants Get 20-Year License Extension from Nigeria
The Nigerian National Petroleum Corporation has signed a contract with its partners on oil mining lease (OML) 118 to expand the Bonga oilfield and unlock a U.S.$10 billion investment in the country’s deepwater resources. The OML license for the block partners Shell, Total, Exxon Mobil and Eni were renewed for another 20 years, and five agreements including settlements on a tax dispute and production sharing contracts were finalized. The deal signals the end of “long-standing disputes over the interpretation of the fiscal terms of the production-sharing contracts” between the investors in the field.
THE SUN
OPL 245 Saga: Anti-corruption groups applaud President’s stance
HEDA’s Chairman, Olarenwaju Suraj in a statement revealed that the license for Nigeria’s offshore OPL 245 oil block has expired, as Eni confirmed in response to questions at their 2021 annual general meeting. The expiry of the license returns control of the oil field to the Nigerian Government.
CNN
Court orders Shell to slash CO2 emissions in landmark climate ruling
“This is a turning point in history,” said Roger Cox, lawyer for Friends of the Earth Netherlands.
London (CNN Business)A Dutch court has ruled that Royal Dutch Shell must dramatically reduce its carbon emissions in a landmark climate decision that could have far reaching consequences for oil companies.
almost a third
Shell To Sell Interest In Deer Park Refinery To Partner Pemex
THE HAGUE, Netherlands, May 24, 2021 /PRNewswire/ — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction will transfer Shell’s interest in the partnership, and therefore full ownership of the refinery, to Pemex, subject to regulatory approvals.
The Herald
By Mark Williamson: Group Business Correspondent: 25 May 2021
ROYAL Dutch Shell has underlined its belief in the potential of a North Sea prospect that was brought to its attention by a relative minnow.
North Sea-focused Deltic Energy announced yesterday that Shell has appointed contractors to complete site survey work on the Pensacola prospect in preparation for the firms drilling a well on it.
FULL ARTICLE
EnergyVoice.com
Shell faces Dutch court ruling on global emissions
By Ed Reed: 24 May 2021
A court in The Hague will rule on May 26 on a climate case against Shell, led by Friends of the Earth Netherlands (Milieudefensie).
The environmentalist case demands that Shell cut CO2 emissions by 45% by 2030. Success for the NGO would see the corporation ordered to “reduce its emissions in line with global climate goals”.
The outcome, it said, should “impact climate policy and corporate accountability globally”. It does not seek compensation, rather a change to Shell’s business plan.
Baton Rouge-based firm bids $1.25 bln for Shell’s idled Louisiana refinery
HOUSTON, May 24 (Reuters) – American Clean Energy Refining LLC (ACER) is bidding to buy an idled refinery of Royal Dutch Shell Plc RDSa.L in Convent, Louisiana, the chief executive of the Baton Rouge-based company said on Sunday night.
ACER has offered $1.25 billion for the idled 211,146 barrel-per-day (bpd) Convent refinery, which was shut in December 2020, Chief Executive Officer George Dabbs said.
A Shell spokesman was not immediately available for comment.
Shell Green Plans Under Scrutiny as Holders Seek More Action
Laura Hurst
(Bloomberg) — Royal Dutch Shell Plc has been under increasing pressure from investors to slash emissions and pivot toward cleaner energy, and the tension was on show at its shareholder meeting on Tuesday.
The company’s long-term energy transition plan, laid out to investors for the first time, received overwhelming support, but a competing resolution asking for stricter targets also garnered more votes than ever. Adding to the tension, shareholders were meeting as the International Energy Agency warned that all new oil and gas developments need to stop immediately for climate targets to be met.
REUTERS
Shell in talks with Nigeria to divest onshore oil stakes
May 18, 2021: Shell, the operator of the West African country’s onshore oil and gas joint venture SPDC, has struggled for years with spills in the Niger Delta as a result of pipeline theft and sabotage as well as operational issues. The spills have led to costly repair operations and high-profile lawsuits. Speaking at the company’s annual general meeting, CEO Ben van Beurden said that Shell can no longer be exposed to the risk of theft and sabotage.
Vote against Shell’s energy transition strategy, Pirc urges investors
Hannah Godfrey: Tuesday 11 May 2021
Shareholder advisory PIRC has recommended investors vote against Shell’s non-binding resolution on its energy transition strategy at its annual meeting next week.
The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Royal Dutch Shell’s strategy to cut emissions “does not seem to have a clear plan for the competitive aspects of the energy transition.”
Shell tells Tunisia it plans to exit upstream activities next year
TUNIS (Reuters) -Royal Dutch Shell has informed Tunisian authorities it will hand back upstream concessions and leave the country next year as it turns its focus to renewable energy, Rania Marzouki a senior official in the energy ministry, told Reuters.
Shell’s departure will mean the Miskar concession in southern city of Gabes will be handed back to the government, she said, and Shell has also requested the early hand-back of the Asdrubal permit, which expires in 2035.
Shell Sells Washington Puget Sound Refinery To HollyFrontier
May 04, 2021, 16:40 ET
HOUSTON, May 4, 2021 /PRNewswire/ — Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory. The transaction is expected to close in Q4 2021, subject to regulatory clearance and other customary closing conditions.
Shell raises dividend for second time in six months after first-quarter earnings beat forecasts
Sam Meredith: PUBLISHED THU, APR 29 20212:09 AM EDT
KEY POINTSLONDON — Oil giant Royal Dutch Shell on Thursday reported slightly better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery.
Shell also raised its dividend by around 4%, its second increase in six months, as the oil major seeks to reassure investors it has gained a more stable footing. It comes after Shell slashed its payout for the first time since World War II in April last year.
Malabu Scandal: UK group declares support for Nigerian anti-corruption activist
Mr Suraju’s civil society organisation, HEDA, and other international anti-graft CSOs including Global Witness have been at the forefront of the demand for justice over the Malabu OPL 245 scandal involving Mr Adoke and many others including oil giants, Shell and Eni.
While the prosecution of the suspects is still ongoing in Nigeria, a court in Milan recently discharged the oil giants and their officials who were named in the scandal which involved the transfer of about $1 billion from the oil giants to private Nigerian accounts for the control of an oil block, OPL 245. Mr Adoke was involved in the negotiation as Nigeria’s attorney general during the Goodluck Jonathan administration but has denied any wrongdoing.
OPL 245 Scandal: Withdraw Your Defamatory Fraud Allegations Or Face Legal Action, UK Anti-Corruption Group Tells Adoke
It vowed to initiate legal action against the former minister if no retraction is made within the next 10 days
BY SAHARA REPORTERS, NEW YORK APR 25, 2021One of the leading anti-corruption groups in the UK, The Corner House has threatened legal action in response to a widely publicised complaint sent on behalf of former Nigeria’s Attorney General, Mohammed Bello Adoke (SAN) to the Police Inspector-General that the Mutual Legal Assistance, (MLA) made by UK to Italy which aided his recent judgment in Milan, was forged.
Shell Exposing The World Bank Group to Corruption & US Sanctions
Under Shell’s egregious stewardship, Iraq is literally burning billions of dollars in lost revenue, and the country’s power plants are being deprived of the much-needed fuel supply to end Iraq’s chronic power crisis. The power outages have been the main destabilizing force in the country, which have also often led to mass protesting, civil unrest, and countless civilian casualties. Iraq holds the 12th largest natural gas reserve in the world, however, the country equally represents 12% of global gas flaring, “suggesting there may be systematic and structural barriers to reducing gas flaring practices,” according to the latest Global Gas Flaring Tracker Report produced by The World Bank Group.
Although officially signed in 2011, Royal Dutch Shell (Shell) formalized the establishment of its gas monopoly in Iraq, the $17 billion Basrah Gas Company (BGC), in May 2013, which also gave birth to the so called ‘world’s largest flare reduction program’.
New York City sues Exxon, BP, Shell in state court over climate change
By Reuters Staff: April 22, 2021
(Reuters) – New York City is suing three major oil companies and the top industry trade group in state court after a federal appeals court this month rejected its effort to hold the companies liable to help pay the costs of harm caused by global warming.
The lawsuit filed on Thursday said Exxon Mobil Corp, BP Plc, Royal Dutch Shell and industry group the American Petroleum Institute “have systematically and intentionally misled consumers” about “the central role their products play in causing the climate crisis.”
Will Big Oil’s Huge Carbon Capture Bet Pay Off?
By Tsvetana Paraskova – Apr 21, 2021, 1:00 PM CDT
“We’re sending carbon back where it came from,” Norway’s energy giant Equinor says, describing its efforts to make carbon capture and storage (CCS) commercially viable in a future decarbonized energy system. Equinor is a joint venture partner with two other oil majors, Shell and Total, in developing the Northern Lights project in Norway, which is planned to deliver carbon storage as a service to help third-party industries to reduce emissions.
International Groups Condemn Detention of Nigerian Anti-corruption Campaigner
We will be raising Mr Suraju’s totally unjustified detention with the board of the Extractive Industries Transparency Initiative (EITI) and calling for Nigeria’s suspension.
BY SAHARA REPORTERS, NEW YORK APR 21, 2021International Anti-Corruption and Human Rights Groups have condemned the detention of Nigerian Anti-Corruption Activist and Chairman of HEDA Resource Center, Olanrewaju Suraju, for exposing corruption allegations surrounding the acquisition of the OPL 245 oil field by oil multinationals Shell and Eni.
Officials give notice to Shell refinery on emissions release
ANACORTES, Wash. (AP) — The Northwest Clean Air Agency issued Tuesday a violation notice against the Shell Puget Sound Refinery for the release of emissions in August and September.
The refinery, on March Point near Anacortes, may face a financial penalty because of the incidents, which impacted the surrounding community including the Swinomish Indian Tribal Community, the Skagit Valley Herald reported.
The notice said two flaring events exceeded allowable, visible emissions for more than 5 minutes. The first occurred on Aug. 19, and the second on Sept. 29. The air agency received 12 complaints and verified the presence of odors following the Sept. 29 incident, according to a news release.
Energy Giants Ditch Oil and Coal Projects. Smaller Rivals Want Them.
BP, Rio Tinto and others sell assets for financial and environmental reasons, in possible boon for those who still embrace fossil fuels
By David Hodari: April 21, 2021 5:30 am ET
For all the talk of a transition away from fossil fuels, players in the energy sector are still willing to bet there is more money to be made in oil and coal.
Major oil companies such as BP PLC and Royal Dutch Shell PLC are selling billions of dollars of assets to bolster their finances and reduce carbon emissions, while mining companies including Anglo American PLC and Rio Tinto PLC have exited coal projects.
Spring is the season for annual general meetings and this year they provide a test of environmental credentials. Activist non-government organisations (NGOs) have tabled ambitious resolutions to several UK-listed companies and they are keen to remind asset managers with voting rights of their stewardship responsibilities to investors and the planet.
Barclays (BARC), Rio Tinto (RIO), BP (BP.) and Royal Dutch Shell (RDSB) are subject to resolutions from NGOs seeking ambitious commitments in keeping with the Paris Climate Agreement. Its objective is to limit global temperature increases to two degrees Celsius above pre-industrial levels, with strenuous efforts to keep the rise to just one-and-a-half degrees.
Damian Carrington Environment editor: Mon 19 Apr 2021 06.01 BST
Some of the world’s biggest fossil fuel companies have used advertising to “greenwash” their ongoing contribution to the climate crisis, according to files published by the environmental lawyers ClientEarth. They describe the practice as “a great deception”.
The files compare the adverts produced by ExxonMobil, Aramco, Chevron, Shell, Equinor and others with the companies’ operations and products, overall climate impact and progress toward climate-safe business models.
Jillian Ambrose: Thu 15 Apr 2021 13.58 BST
Royal Dutch Shell has urged investors to vote for its strategy to shift the business towards cleaner energy sources, despite warnings that the plan does not go far enough to meet the Paris climate agreement goals.
The oil company set out its energy transition plan before its annual shareholder meeting in May, when investors will be able to take part in an advisory vote on Shell’s climate plans for the first time. The vote will not be binding.
Shell looks to Gulf of Mexico for lower carbon oil drilling; here’s what it means for Louisiana
Despite headwinds from corporate mandates to reduce carbon emissions, a temporarily halt for new federal leases in the Gulf of Mexico while the Biden administration reviews its impact on climate change and low oil prices, Royal Dutch Shell sees itself drilling for more oil off the coast of Louisiana and Texas.
“We still think that we’ll be here for decades to come,” said Rick Tallant, vice president Gulf of Mexico at Shell. “There’s still a lot of running room in the Gulf of Mexico, the margins are very good for our investors and the greenhouse gas intensity is arguably the best in the industry.”
OPL 245: Abacha family and Malabu trial scandal
14 April 2021
Ten years after an international inquiry into the circumstances surrounding the sale of OPL 245 oil field by Malabu Oil and Gas Limited to Shell and its partners, ENI and Agip, for a princely sum of $1.3 billion following the resolution agreement of 2011 was opened, findings so far have revealed no evidence of corrupt practices on the part of those involved in the deal.
And, like a pack of badly arranged cards on a shaky table, the case of criminal prosecution against Mohammed Bello Adoke, Nigeria’s former attorney-general and minister of justice and the man whose legal advice formed part of the processes leading to the resolution agreement of 2011, and international oil giants, Shell, ENI and Agip, over their respective roles in the sale of OPL 245 appears to be collapsing from one international jurisdiction to the other. From Washington to London and Milan, the efforts of the Federal Government and its partners to proceed with the criminal prosecution of Bello Adoke and others have been fruitless and unsuccessful.
Houston, We Have A Problem. Oil Reserves Have Fallen Below 10 Years
Big oil has a big problem. It’s running out of oil.
Years of under-investment in exploration and a decline in project development has blown a hole in the reserves of the major international oil companies (IOCs), a group that includes ExxonMobil, Chevron and Royal Dutch Shell.
Since 2015 the average reserves of the oil majors has fallen by 25% to now stand at less than 10 years of annual production.
Reserves in the ground is a critical measure of an oil company with a decline seen as a negative by investors.
Shell To Tie Executive Bonus Pays With Energy Transition Goals
By Tsvetana Paraskova – Mar 29, 2021, 11:30 AM CDT
Oil and gas supermajor Shell is set to tie the bonuses for its top executive directors more closely to the group’s performance in reaching its net-zero goals, if shareholders approve the plan at the annual general meeting in May, Reuters reported on Monday.
Two years ago, Shell became the first supermajor to set short-term emission reduction targets and link these targets with executive pay, yielding to growing investor pressure about establishing short-term emission goals.
North Sea oil and gas minnow wins vote of confidence from Shell
Group Business Correspondent
NORTH Sea oil and gas minnow Deltic Energy has seen its shares rise around eight per cent after the company won a fresh vote of confidence from the mighty Royal Dutch Shell.
Shell has decided to go ahead with a plan to drill a well with Deltic, on a prospect that has generated lots of excitement.
The companies have confirmed to the North Sea regulator that they have made a firm commitment to drill a well on the Pensacola prospect, which is set for next year.
Malabu Deal: Italy Ruling Can’t Save Oil Giants From Trial, Group Writes Buhari
The Milan Tribunal ruled on March 17, 2021, that the 13 defendants in OPL 245 international corruption trial had no case to answer. But there are prospects of an appeal in Italy.
BY SAHARAREPORTERS, NEW YORKMAR 28, 2021The partial freedom granted oil giants by Italian courts in the celebrated OPL 245 corruption case will not stop the prosecution of the accused in Nigeria, a foremost global anti-corruption coalition has said.
In a letter addressed to President Muhammadu Buhari, the anti-corruption coalition said Nigeria should press on with the corruption charges and should not be cowed by any bully tactics of the oil giants who may see the Italy ruling as a shield.
Chevron eyes deal for Shell oil refinery in Pacific Northwest -sources
HOUSTON, March 26 (Reuters) – Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with the matter said on Friday.
Shell has been trying to sell its 145,000 barrel-per-day (bpd) Puget Sound refinery in Anacortes, Washington, for at least a year. Reuters reported in January 2020 that the refinery was for sale.
Nigeria Bribery Case Ends In Victory For Shell, Eni
An Italian court has ruled that oil giants Royal Dutch Shell PLC and Eni SPA are not guilty in a bribery case involving a Nigerian oilfield that has spanned years, according to the Wall Street Journal.
Shell, Eni, and Eni’s CEO Claudio Descalzi, have been on trial for years in the infamous OPL 245 case. Shell, Eni, Descalzi, and others, were accused of knowing that more than $1.1 billion of the $1.3 billion deposited a decade ago into an escrow account controlled by the Nigerian government would eventually be used as bribes to secure oil drilling rights.
Timeline: Nigeria’s OPL 245 oilfield licence bribery cases
LONDON (Reuters) – An Italian court acquitted Royal Dutch Shell and Italy’s Eni on Wednesday of corruption in one of the oil industry’s biggest court cases centred around the acquisition of a Nigerian oilfield in 2011.
Italian prosecutors alleged that most of the $1.3 billion purchase price for the licence for the offshore oilfield known as OPL 245 was siphoned off to politicians and middlemen.
Oil company on trial in $1.1bn corruption case given access to top EU officials to lobby for gas
Eni holds six European Parliament passes – more than any other oil and gas company, report finds
Ben Chapman: @b_c_chapman: 16 March 2021
An Italian energy giant on trial in a $1.1bn (£790m) bribery and corruption case has been granted privileged access to senior EU officials to lobby for fossil fuel investment, an investigation has found.
Eni and its chief executive Claudio Descalzi are on trial alongside Royal Dutch Shell in connection to a deal for one of Nigeria’s most promising oil blocks.
Goldman Sachs board nominates Royal Dutch Shell CFO for director role
By Elizabeth Dilts Marshall:
NEW YORK, March 15 (Reuters) – Goldman Sachs Group Inc’s board of directors on Monday nominated the chief financial officer of Royal Dutch Shell plc to become its newest member.
If her appointment is approved by shareholders, Jessica Uhl will be the fifth woman director on Goldman’s board and its only member to come from the fossil fuel industry.
The bank has backed away from fossil fuel development in recent years.
Andrew Mackenzie selected as chairman of Shell
Former CEO of BHP will succeed Chad Holliday after six years in the position.
March 12, 2021
Royal Dutch Shell announced the appointment of Andrew Mackenzie as the new chairman with effect from the conclusion of Shell’s 2021 Annual General Meeting on May 18.
Mackencie will succeed Chad Holliday who will step down after six years as chairman and board director since September 2010.
Andrew Mackenzie, a British national, joined Shell’s Board in October 2020, after a distinguished career in the energy, petrochemicals and resources sector, latterly as Group CEO of BHP from 2013 to 2019.
Shell mulls sale of non-operated assets in Malaysia
KUALA LUMPUR, March 13 (Reuters) – Royal Dutch Shell PLC’s Malaysia unit said it is considering selling its stakes in two production-sharing contracts it does not operate off the coast of Sarawak state.
In a statement on Friday, Shell Malaysia said the decision to consider divestment options is part of Shell Group’s strategy to focus and increase resilience and competitiveness in its upstream business.
The Baram Delta EOR and the SK307 production-sharing contracts are operated by Petronas Carigali Sdn Bhd, a unit of state energy firm Petronas. Sarawak Shell Berhad owns a 40% equity interest in Baram Delta and 50% in SK307, with Petronas Carigali holding the remainder.
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell-focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found on WIKIMEDIA COMMONS. Our shellenergy.website publishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
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. 
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 100 books also containing references to our websites and/or our activities.
John Donovan, the website owner
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
Activists gear up for a fight over green-washing at AGMs
