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U.S. Supreme Court backs energy companies over Baltimore in climate case

U.S. Supreme Court backs energy companies over Baltimore in climate case

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday ruled in favor of BP PLC, Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC and other energy companies contesting a lawsuit filed by the city of Baltimore seeking monetary damages from them due to costs caused by global climate change.

The 7-1 ruling, authored by conservative Justice Neil Gorsuch, came on a technical legal issue that could help the companies in their effort to have the case heard in federal court, as they would prefer, instead of state court, which the city favors as it is seen as a more amenable venue. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell, Singapore university to work on $3.4 mln decarbonisation study

Shell, Singapore university to work on $3.4 mln decarbonisation study

Reuters: May 14, 2021, 7.29 AM BST

Royal Dutch Shell (RDSa.L) said on Friday it will be working with a university in Singapore in a research project worth S$4.6 million ($3.4 million) over three years to convert carbon dioxide to fuels and petrochemicals.

Researchers from Shell and the National University of Singapore (NUS) will develop processes to produce ethanol and n-propanol from carbon dioxide, a byproduct from industrial processes, the two organizations said in separate statements on their websites. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

JPMorgan ordered to disclose US documents in Nigeria oil case

JPMorgan ordered to disclose US documents in Nigeria oil case

Ruling comes ahead of trial in which bank is accused of enabling $875m in misappropriated payments

Nigeria has succeeded in an effort to force JPMorgan Chase to disclose more documents ahead of a trial in which the US bank stands accused of enabling the misappropriation of almost $900m in state funds. The UK High Court on Tuesday granted the African nation’s application to secure records from top US executives and compliance officers involved in signing off $875m in payments between 2011 and 2013 relating to the controversial OPL 245 oil licence deal. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Vote against Shell’s energy transition strategy, Pirc urges investors

Vote against Shell’s energy transition strategy, Pirc urges investors

: 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.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Just 100 km left to complete Nord Stream 2 pipeline, ambassador says

Just 100 km left to complete Nord Stream 2 pipeline, ambassador says

May 10, 2021 11:43 AM ET Public Joint Stock Company Gazprom (OGZPY)By Carl SurranSA News Editor

  • Only ~100 km of the Nord Stream 2 gas pipeline are left to lay, according to Russia’s ambassador to Germany, meaning the remaining pipeline could need just three more months for completion.
  • In an interview with German media outlet RND, Sergei Nechayev also said he was hopeful the Gazprom-led (OTCPK:OGZPY) pipeline would be completed before the upcoming German election on Sept. 26.
  • The ambassador’s comments suggest ~21 km have been laid in Danish waters in the April 1-May 7 period, according to S&P Global Platts.
  • Two Russian vessels – the Fortuna and the Akademik Cherskiy – currently are operating in Danish waters; it they will lay pipe at a combined 1 km/day, and assuming weather conditions allow, it would take ~100 days to lay the remaining pipeline.
  • Gazprom leads European partners Royal Dutch Shell (RDS.ARDS.B), BASF’s (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY) in building Nord Stream 2.
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    NAM director calls for rethink on Groningen earthquake damage

    NAM director calls for rethink on Groningen earthquake damage

    Just 50 not 26,000 homes in the Groningen earthquake area need strengthening to comply with the latest safety standards, according to Johan Atema, director of gas company NAM in the NRC.

    So far 2,000 homes have been strengthened because they are vulnerable to the quakes, caused by the ground settling after natural gas has been extracted. And only half the 26,000 homes identified as being problematic have actually been inspected. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell tells Tunisia it plans to exit upstream activities next year

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Cheniere and Shell deliver carbon-neutral U.S. LNG to Europe

    Cheniere and Shell deliver carbon-neutral U.S. LNG to Europe

    Sabrina Valle: 

    U.S. liquefied natural gas company Cheniere Energy Inc (LNG.A)said Tuesday it supplied a carbon neutral cargo to Royal Dutch Shell (RDSa.L) as part of a long-term agreement, joining a list of sellers neutralizing emissions as more buyers commit to environmental targets.

    “I think offering climate solutions to our customers is going to be a bigger and bigger portion of our business,” Cheniere Chief Executive Jack Fusco said during the company’s first quarter earnings call. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell Sells Washington Puget Sound Refinery To HollyFrontier

    Shell Sells Washington Puget Sound Refinery To HollyFrontier

    NEWS PROVIDED BY

    Shell Oil Company 

    May 04, 2021, 16:40 ET

    HOUSTONMay 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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

    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 POINTS
    • The Anglo-Dutch company reported adjusted earnings of $3.2 billion for the three months through to the end of March. Analysts had expected $3.1 billion, according to Refinitiv.
    • Shell also raised its dividend by around 4%, its second increase in six months.
    • It comes as energy majors seek to reassure investors that they have gained a more stable footing in recent months.

    LONDON — 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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Malabu Scandal: UK group declares support for Nigerian anti-corruption activist

    Malabu Scandal: UK group declares support for Nigerian anti-corruption activist

    By Premium Times: April 28, 2021: 10 min read A UK anti-corruption group, Global Witness, has declared support for a Nigerian activist, Olanrewaju Suraju, who was recently questioned by the police based on a petition by Nigeria’s former attorney-general, Mohammed Adoke.

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    DFS to automate Shell’s sites in the UK, South Africa and Hungary

    DFS to automate Shell’s sites in the UK, South Africa and Hungary

    The global supplier’s EPOS and FCC solution will be implemented across 1,100 stations in three countries.

    Last update: April 27, 2021

    Dover Fueling Solutions (DFS) has been awarded three contracts by Shell for the provision of its site automation across its 1,100 sites in the United Kingdom, Hungary and South African markets.

    “The award of these contracts is a significant achievement for DFS and further solidifies our long-standing collaboration with Shell. It also demonstrates Shell’s recognition of DFS’ proven ability to provide quality, continuous improvement and innovative, state-of-the art products for the energy and retail market,” said Kurt Dillen, VP, Global Business Development at DFS. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    OPL 245: Withdraw Your Defamatory Fraud Allegations Or Face Legal Action, UK Anti-Corruption Group Tells Adoke

    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, 2021

    One 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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    The World’s Largest Gas Flaring Environmental Disaster

    Senior executive directors of Royal Dutch Shell Plc had advance sight some days ago of a draft of the article below. It is a follow-up article by a whistleblower whose identity is known to us.

    The World’s Largest Gas Flaring Environmental Disaster 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.    

    By: The Iraqi Governance Revolt & Systemic Overhaul!

    Introduction

    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’. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    New York City sues Exxon, BP, Shell in state court over climate change

    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.” read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Will Big Oil’s Huge Carbon Capture Bet Pay Off?

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    International Groups Condemn Detention of Nigerian Anti-corruption Campaigner

    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, 2021

    International 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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Officials give notice to Shell refinery on emissions release

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Energy Giants Ditch Oil and Coal Projects. Smaller Rivals Want Them

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Brazil sees solar boom ahead of cut in subsidies for new projects

    Brazil sees solar boom ahead of cut in subsidies for new projects

    FILE PHOTO: A photovoltaic solar panel farm is seen in Porto Feliz, Sao Paulo state, Brazil February 13, 2020. REUTERS/Amanda Perobelli

    By : 2 MIN READ: APRIL 20, 2021

    (Reuters) – Power utilities and developers are rushing to register solar projects in Brazil, one of the most promising markets for renewables, as it prepares to cut subsidies for new solar installations and wind farms, according to a report by consultancy ePowerBay.

    Spain´s Iberdrola, France´s Voltalia, EDF, Italy´s Enel and Portugal´s EDP Renewables are among the main players developing solar projects in Brazil, as well as Atlas Energia, controlled by the British private equity firm Actis, ePowerBay said on Tuesday.

    Only projects registered with the electricity industry regulator ANEEL by March 2022 will benefit from the subsidies, which will be scrapped. The subsidies halve the price renewable projects pay for the usage of transmission networks.

    “Certainly the looming end of the subsidy has accelerated the seeking of approval for new projects by developers, primarily for the solar ones,” the consultancy said.

    Last September, before the government proposed the law cutting subsidies, investors had filed requests with ANEEL for the development of 8.7 gigawatts (GW) in new renewable projects. In March, after the law passed, requests for new projects jumped to 18 GW, lead by solar projects.

    The volume of projects seeking approval in just the month of March surpasses many times over the total capacity of solar parks currently operational in Brazil (3.3 GW).

    According to ePowerBay, Voltalia registered 4 GW in new solar projects with ANEEL, followed by Iberdrola (2.1 GW), EDP Renewables (1.75GW), Atlas (1.2GW), EDF (1GW), and Enel Green Power (910 megawatts).

    Oil majors are also betting on the Brazilian renewables market, the consultancy said, with Royal Dutch Shell registering solar projects totaling 1.5GW, while Total Eren, owned by France´s Total, has already obtained approval for 49 megawatts in solar projects.

    Reporting by Luciano Costa in Sao Paulo; Editing by Sonya Hepinstall

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell’s maiden trial for hydrogen fuel cell in ships to aid Singapore’s clean fuel ambitions

    Shell’s maiden trial for hydrogen fuel cell in ships to aid Singapore’s clean fuel ambitions

    HIGHLIGHTS
    • Shell, SembCorp Marine Ltd, LMG Marin AS, Penguin International to collaborate on the project
    • Trial to develop, install auxiliary power unit PEM fuel cell on existing roll-on/roll-off vessel
    • Initiative part of Shell Singapore’s plan to cut its CO2 emissions by about a third within a decade.

    Singapore — Shell said April 21 it would collaborate on a feasibility study to trial the use of hydrogen fuel cells for ships, the first of its kind for both Shell and in Singapore, paving the way for cleaner and hydrogen-powered shipping.

    “This trial is an important step in demonstrating the applicability of hydrogen and fuel cells on ships,” the statement quoted Nick Potter, general manager of Shell Shipping and Maritime, Asia Pacific & Middle East, as saying. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell to trial use of hydrogen fuel cells for ships in Singapore

    Shell to trial use of hydrogen fuel cells for ships in Singapore

    Jessica Jaganathan: April 21, 2021

    Royal Dutch Shell (RDSa.L) said on Wednesday it was conducting a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the oil major.

    If successful, the trial will pave the way for cleaner, hydrogen-powered shipping, the company said, adding that its analysis points to hydrogen with fuel cells as the zero-emissions technology having the greatest potential to help the shipping sector achieve net-zero emissions by 2050. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Activists gear up for a fight over green-washing at AGMs

    Activists gear up for a fight over green-washing at AGMs

    : April 20, 2021

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    A great deception’: oil giants taken to task over ‘greenwash’ ads

    Damian Carrington Environment editor: Mon 19 Apr 2021 06.01 BST

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

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

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell calls on investors to vote for its new climate strategy

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    The World Still Needs Hundreds Of Billions Of Barrels Of Oil

    The World Still Needs Hundreds Of Billions Of Barrels Of Oil

    By Haley Zaremba – Apr 14, 2021, 2:00 PM CDT

    Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already upon us, thanks to the crushing blow that the Covid-19 pandemic dealt to global oil demand as well as the ever-escalating worldwide transition toward clean energy. But there are just as many who say that the world’s thirst for oil still has a long way to go before we hear its swan song. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell looks to Gulf of Mexico for lower carbon oil drilling; here’s what it means for Louisiana

    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.” read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    OPL 245: Abacha family and Malabu trial scandal

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Houston, We Have A Problem. Oil Reserves Have Fallen Below 10 Years

    Houston, We Have A Problem. Oil Reserves Have Fallen Below 10 Years

    Tim TreadgoldAsia: Apr 12, 2021

    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. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Shell Outlines Plans for Reducing Its Own Carbon Footprint

    Shell Outlines Plans for Reducing Its Own Carbon Footprint

    The energy giant has high hopes for sustainable aviation fuel

    While energy giant Shell may not be the first name that comes to mind when you think of sustainability, it’s looking to change that by “reduc[ing] the carbon intensity of all the energy that we sell by 2050.”

    That’s according to Dean Aragón, CEO of Shell Brands International AG, who said the company has set milestones toward becoming a net-zero emissions energy business for the years 2023, 2030 and 2035 that are “very clear, measurable and quantifiable targets on the decarbonization journey.” He did not provide specifics. read more

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    Shell invests in LanzaJet in bid to produce more green jet fuel

    Shell invests in LanzaJet in bid to produce more green jet fuel

    London — Shell has invested in bio-jet producer LanzaJet as the energy major looks to increase its presence in the production of renewable fuels.

    LanzaJet, which is a spin-off of US-based biotech company LanzaTech, said on April 6 said that Shell’s involvement will “further accelerate commercialization” of its “Alcohol-to-Jet” technology as the aviation sector takes steps to reduce its carbon footprint. read more

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    NAM disputes Groningen gas extraction earthquake damage claims

    NAM disputes Groningen gas extraction earthquake damage claims

    THURSDAY, APRIL 1, 2021 – 10:00

    NAM, the Dutch gas concern responsible for gas extraction in Groningen, raised doubts about the level of damage claims and the home strengthening operation in the fracking earthquake zone in the province. In a statement, NAM said that a major part of the damages was wrongly attributed to earthquakes, and that the standards of the reinforcement project are far too strict, NOS reports.

    According to NAM, the risks in the earthquake zone are grossly overestimated, and as a result, many homes will be reinforced with measures that far outweigh the risks, “for some buildings even by a factor of a thousand to ten thousand”. “This leads to unnecessary feelings of insecurity among residents and additional costs.” read more

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    Oil Giants Win Climate Suit as Judges Push For Political Fix

    Oil Giants Win Climate Suit as Judges Push For Political Fix

    Chevron Corp., Royal Dutch Shell Plc and ConocoPhillips were also sued in the case.

    Bloomberg News: Chris Dolmetsch and Erik Larson: Publishing date: Apr 01, 2021(Bloomberg) — New York City failed to persuade a federal appeals court to reinstate a climate-change lawsuit against Exxon Mobil Corp., BP Plc and three other oil companies, with the judges saying the problem demands political rather than legal solutions.

    The Friday ruling by the U.S. Court of Appeals in New York is a setback for those trying to use the courts to hold the industry responsible for costs associated with rising seas and other consequences of a warming planet.

    Chevron Corp., Royal Dutch Shell Plc and ConocoPhillips were also sued in the case.

    The court said global warming “is a uniquely international concern” that requires the federal government to step in rather than judges. Only the U.S. Environmental Protection Agency has the authority to regulate domestic greenhouse gas emissions, the unanimous three-judge panel held. read more

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    ZeroAvia raises fresh cash for zero-emission hydrogen planes

    ZeroAvia raises fresh cash for zero-emission hydrogen planes

    Other existing investors, including Bill Gates’ Breakthrough Energy Ventures and energy giant Royal Dutch Shell also joined this funding round…

    By Nick Carey: 2 MIN READ: MARCH 31, 2021 / 11:19 AM

    LONDON (Reuters) – Hydrogen plane startup ZeroAvia said on Wednesday it had secured $24.3 million in a third funding round from investors, including British Airways, which it will use to develop a regional zero-emissions aircraft that can seat more than 50 people. read more

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    Shell To Tie Executive Bonus Pays With Energy Transition Goals

    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. read more

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    North Sea oil and gas minnow wins vote of confidence from Shell

    North Sea oil and gas minnow wins vote of confidence from Shell

    By Mark Williamson 

    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. read more

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    OPL 245: Italy Ruling Can’t Save Oil Giants

    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, 2021

    The 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. read more

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    Chevron eyes deal for Shell oil refinery in Pacific Northwest -sources

    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. read more

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    Shell says green power shift will lift need for Australia’s LNG

    Shell says green power shift will lift need for Australia’s LNG

    By Nick Toscano

    The Australian boss of global energy giant Shell sees demand for liquefied natural gas exports continuing to grow until at least the late 2030s even as COVID-19 hastens the shift away from planet-warming fossil fuels.

    Shell, which believes its oil output may have hit a peak in 2019 and is now likely to gradually decline, has revealed a brighter outlook for its liquefied natural gas (LNG) assets including those in Queensland and off Western Australia. read more

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    OPL 245: Dan Etete says he has no case to answer in Nigeria after Italian court verdict

    OPL 245: Dan Etete says he has no case to answer in Nigeria after Italian court verdict

    22 March 2021

    Dan Etete, former minister of petroleum, says Nigerian courts must now strike out charges against him after an Italian court ruled that there was no corruption involved in the OPL 245 transaction.

    He also said Malabu Oil and Gas lost over $10 billion to the corruption allegations tied to the oil block.

    The OPL 245 deal involved the $1.3 billion purchase of an oil bloc by Royal Dutch Shell and Eni from Malabu, a company in which Etete held majority shares. read more

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    Nigeria Bribery Case Ends In Victory For Shell, Eni

    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. read more

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    Timeline: Nigeria’s OPL 245 oilfield licence bribery cases

    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. read more

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    Oil company on trial in $1.1bn corruption case given access to top EU officials to lobby for gas

    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. read more

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    Shell: Pennsylvania ethane plant completion expected in 2022

    Shell: Pennsylvania ethane plant completion expected in 2022

    MONACA, Pa. (AP) — Shell Chemicals officials say the planned multi-billion-dollar petrochemical, or ethane cracker, plant in western Pennsylvania is expected to be completed next year.

    The company said in a statement Tuesday that the company is now in the early stages of commissioning and start-up activities, the Beaver County Times reported.

    Shell CEO Ben Van Beurden said in an earnings call last month that the complex, now more than 70 percent complete, would likely be “fully operational” sometime in 2022. read more

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    Goldman Sachs board nominates Royal Dutch Shell CFO for director role

    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. read more

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    Shell announces completion of sale of minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners

    Shell announces completion of sale of minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners

    WEBWIRE – Monday, March 15, 2021

    QGC Common Facilities Company Pty Ltd, a wholly-owned subsidiary of Shell, today announced it has completed the sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for US$2.5 billion, following the receipt of regulatory approval.

    The sale was announced on December 21, 2020, and is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio. The transaction has an economic reference date of January 1, 2021. read more

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    Shell mulls sale of non-operated assets in Malaysia

    Shell mulls sale of non-operated assets in Malaysia

    By Reuters Staff: March 13, 2021

    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. read more

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    Shell sees 70%-complete Pennsylvania petchem project operational in 2022

    Shell sees 70%-complete Pennsylvania petchem project operational in 2022

    Mar. 12, 2021, 4:31 PM ETRoyal Dutch Shell plc (RDS.A) By Carl SurranSA News Editor 8 Comments

  • Royal Dutch Shell (RDS.ARDS.B) says its $6B petrochemical complex in northwest Pennsylvania is now more than 70% complete and projected to be operational sometime in 2022.
  • Shell previously projected the startup in this year’s H1 after suspending work in March 2020 due to pandemic concerns.
  • The project is one of the largest construction sites in North America and includes a 1.6M mt/year cracker and three polyethylene plants with a combined capacity of 1.6M mt/year.
  • Portions of the site’s water treatment facility are being commissioned and the site’s 250 MW power plant will soon follow, the company says.
  • Shell has “hit peak oil, but not peak opportunity,” as its impressive portfolio of assets should drive long-term shareholder returns in the tens of billions of dollars, The Value Portfolio writes in a bullish analysis posted on Seeking Alpha.
  • read more

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    Shell’s oil trading earnings double in 2020 to $2.6 bln

    Shell’s oil trading earnings double in 2020 to $2.6 bln

    LONDON, March 12 (Reuters) – Royal Dutch Shell’s 2020 earnings from crude oil and refined products trading nearly doubled from the previous year to $2.6 billion, according to the company’s annual report.

    Reporting by Ron Bousso; Editing by Edmund Blair

    SOURCE

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    Shell to Charter 10 New Dual-Fuel Crude Tankers

    Shell to Charter 10 New Dual-Fuel Crude Tankers

    March 11, 2021

    Oil major Shell has signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines, with the company planning to halve half of the long-term chartered crude tankers run on LNG in 2023.

    Four of the very large crude carriers (VLCCs) have been chartered from Advantage Tankers, three from AET, and three from International Seaways. All 10 ships will be built in South Korea by DSME, the first operational from 2022, and be on charter to Shell for seven years. read more

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