Research into the geothermal port of Rotterdam is entering the next phase, as reported by the Port of Rotterdam Authority.

Shell Geothermal BV and the Port of Rotterdam Authority are jointly investigating the options for geothermal energy in the western part of the port of Rotterdam. The two companies have received an exploration permit from the Ministry of Economic Affairs.

In recent years, the subsurface has been well mapped out, partly as part of the UDG green deal. Obtaining the exploration permit means that Shell and the Port Authority will have time in the coming years to further develop their plan with the aim of developing geothermal heat projects in the western part of the port. Over the next two years, the emphasis will be on making agreements with potential geothermal energy buyers, working out the costs, determining a possible location for a test drilling and figuring out what the infrastructure can look like. It is also essential that geothermal heat can compete with energy from other sources. For the time being, doing a (test) drilling is not yet an issue. read more

HOUSTON — Shell Oil Co. is launching a nationwide in-vehicle payment platform. Shell-branded gas stations across the United States will now accept payment through Uconnect Market, Fiat Chrysler Automobiles’ (FCA) new in-vehicle commerce platform.

This makes Shell the only vendor in Uconnect Market that allows consumers to find the nearest gas station, purchase fuel and services and save money on Shell fuel purchases from the comfort of their vehicles, the company said.

Customers who fuel eligible Chrysler, Dodge, Jeep and Ram brand vehicles at participating Shell stations will be able to use Shell Pay & Save within Uconnect Market to pay for their fuel directly from their in-vehicle touchscreens, earn and redeem valuable Fuel Rewards savings and quickly get back on the road. read more

JANUARY 17, 2020

MOSCOW (Reuters) – Gazprom Neft, Russia’s third largest oil producer, believes Moscow’s cooperation with OPEC on output will continue into the long term, Deputy Chief Executive Vadim Yakovlev told reporters on Friday.

He praised the decision by OPEC and non-OPEC nations, a group known as OPEC+, to exclude Russian gas condensate from Moscow’s quotas under their latest agreement to curb output, a move that allows Gazprom Neft to expand its condensate production. read more

At a service station just outside Gatwick, Royal Dutch Shell is experimenting with an alternative vision of the green motoring future. Beyond the main forecourt, where cars queue for petrol and diesel, lies another, smaller canopy that houses one of Britain’s first hydrogen refuelling pumps. While electric vehicles dominate the discussion about decarbonising transport, the term has become synonymous with batteries that must be plugged in and recharged.

Yet a significant number of heavyweight players — from carmakers such as Toyota, oil giants such as Shell and miners including Anglo American — are continuing to make a case for another type of electric vehicle, powered not by batteries but hydrogen. read more

JANUARY 17, 2020

MOSCOW (Reuters) – Shell and Russia’s Gazprom Neft have expanded their Russian joint venture by acquiring a license for exploration and production of conventional hydrocarbon reserves in West Siberia, the two companies said on Friday.

The JV, Salym Petroleum Development (SPD), will get the Salymsky 2 block in the Khanty Mansiisk Autonomous Region.

There are no field-specific infrastructure facilities at the site, the companies said.

“However, close proximity to the areas which are being developed by SPD will have a synergistic effect, allowing efficient use of the existing SPD production facilities,” they said. read more

Extinction Rebellion: The more successful fossil fuel companies like Shell are, the worse our future is going to be.

Climate change activists have blocked the entrance to the headquarters of oil giant Shell in Aberdeen.

Extinction Rebellion Scotland members began their protest at the premises on Altens Farm Road at 6.30am on Thursday and said they plan to stay there all day.

The group say they have secured the entrances with lock-on equipment and the main entrance with XR Scotland’s big purple boat, named Amal Gous.

Harm

They said they plan to shut the building down to disrupt business and hold Shell to account for its role in the climate crisis. read more

BEIJING/GUANGZHOU, Jan 16 (Reuters) – Royal Dutch Shell signed a memorandum of understanding (MoU) with China National Offshore Oil Corp (CNOOC) to build its first commercial-scale polycarbonate production plant in southern city of Huizhou in China.

Polycarbonate is a transparent and impact-resistant polymer, widely used to make vehicle headlights and LED spotlights.

“(Huizhou city government) is in touch with Shell and CNOOC for detailed investment and production plans,” said Liu Ji, mayor of Huizhou, on the sideline of a conference in Guangzhou on Thursday. read more

Shell thinks aviation fuel will be one of the critical growth areas to explore, as ground vehicle transportation fuel and other segments are expected to decline over time. One of these expected growth segments will be sustainable aviation fuel (SAF), where a project with Lufthansa and World Energy is starting up in California.

Shell Aviation and Boston-based World Energy will help Lufthansa meet carbon emissions reduction targets by supplying the SAF on three routes operated by Deutsche Lufthansa and Swiss International Air Lines from San Francisco International Airport (SFO) to Frankfurt, Munich, and Zurich. The project is expected to supply up to one million gallons of SAF to Lufthansa over the duration of the agreement. read more

In Germany, Daimler formed a joint venture with Linde, Royal Dutch Shell and Total to develop a network of hydrogen fueling stations.

URVAKSH KARKARIA

LAS VEGAS — Daimler, the world’s largest truck manufacturer, could commercialize a hydrogen-powered city bus in the next two to three years, r&d boss Markus Schäfer told reporters at CES last week.

While electrification is sweeping the passenger-car side of the industry, fuel cells are a more promising option for larger vehicles because they have better energy density than battery-electric vehicles.

Lithium ion battery chemistry currently struggles to deliver the range long-haul trucks require, Schäfer said. read more

by Tom Russell in Corporate 10/01/2020

Mark Gainsborough, Executive Vice President at Shell New Energies, has revealed that he is stepping down from his role after being involved with the company for 39 years. Gainsborough is to be replaced from 1st April by Elisabeth Brinton, who has been serving as Global VP Strategy & Portfolio for Shell New Energies.

Mark Gainsborough commented on LinkedIn: “It is time for a transition of a different kind! After an amazing 39 years with Shell and almost four years leading our New Energies business, I will end my Shell career later this year. I’m looking forward to contributing to the energy transition in new ways in the next few years. Congratulations to Elisabeth Brinton, who takes the reins from April 1st, and a huge thank you to everyone for all we have achieved together.” read more

Jessica Resnick-Ault

With the news that Royal Dutch Shell Plc is looking to unload its Anacortes, Washington, facility, there are seven different U.S. refineries on the block now, accounting for about 5% of U.S. crude oil processing capacity, according to data compiled by Reuters.

Even with U.S. energy production at an all-time record, these properties, located from Washington state to Pennsylvania, are having trouble finding bidders because of unfavorable locales, worries about falling margins, and the coming restart of nearby facilities in the Caribbean that will add to competition, bankers and analysts said. read more

Shell pays £0 corporation tax and plans huge hike in fossil output

Michael Johnson, Leeds Socialist Party:

Faced with increasing scrutiny worldwide, oil giant Shell has revealed it paid no UK corporation tax in 2018. This is despite Shell also earning nearly £557 million in pre-tax profits in the UK over that year, with global pre-tax profits being $35.6 billion.

This has come about due to Shell receiving huge tax refunds for decommissioning its North Sea oil platforms. To help balance the expenses of plugging and abandoning their (highly profitable) oil wells and removing their equipment, the government lets energy companies deduct costs from their taxable profits or claim back tax they had previously paid! read more

Rod Nickel: JAN 7, 2020

Jan 7 (Reuters) – Construction of the C$6.6-billion Coastal GasLink pipeline in western Canada resumed on Tuesday, after an indigenous group that opposes the project had ordered its workers off their territory.

Coastal GasLink, to be operated by TC Energy Corp, will move gas from northeast British Columbia to the Pacific Coast, where the Royal Dutch Shell-led LNG Canada export facility is under construction.

While less contentious than oil pipelines, Coastal GasLink faces opposition from some leaders of the Wet’suwet’en people, who say the project interferes with their hunting and trapping rights. read more

Activists urge UK government to ‘tell the truth’ about impact of fossil fuel industry

Three members of Extinction Rebellion Scotland have climbed aboard the Valaris 122 rig in Dundee ( Extinction Rebellion Scotland )

Conrad Duncan: 6 JAN 2020

Climate activists have boarded a gas mining rig in Dundee in an attempt to stop it from heading out to the North Sea.

Extinction Rebellion (XR) Scotland has said three of its members had climbed aboard the Valaris 122 rig and intended to there for as long as possible to prevent it from operating.

The environmental group added that the trio had taken all necessary safety precautions and informed police of their “peaceful occupation”. read more

EBN and Shell joining geothermal heat consortium in the Netherlands

FULL ARTICLE

Zacks Equity Research: January 6, 2020

Royal Dutch Shell RDS.A along with another supermajor Chevron Corporation CVX and a state-owned entity Mubadala Petroleum clinched oil and gas exploration concessions in Egypt’s Red Sea. In its first ever round of licensing in the Red Sea, Egypt awarded Block 1 and Block 2 to Chevron and Shell, respectively. The third block was jointly conferred on Shell and Abu Dhabi’s Mubadala Petroleum.

The exploration concession wins were in line with Shell’s growth commitment to cement its position offshore Egypt, mainly in the marine concession and deep-water regions, thereby supporting the government’s energy hub vision and increasing the LNG value chain. read more

Shaffiq Alkhatib

SINGAPORE – A former tanker captain linked to the largest gas oil theft that Singapore has ever seen has admitted to his role in the crime.

The Straits Times had earlier reported that 340,000 tonnes of gas oil worth over $200 million had been stolen over the years since 2014 from Shell’s refinery in Pulau Bukom, the largest petrochemical production and export centre in the Asia-Pacific region.

Nguyen Duc Quang, 48, received misappropriated gas oil worth more than US$7.3million (S$9.8 million) in all. read more

Jan. 2, 2020 12:34 AM ET|

About: Shell Midstream Partners, L.P. (SHLX), Includes: RDS.A

Summary

Royal Dutch Shell is officially moving out of the gassy Haynesville shale after selling its last package of acreage to a private Houston firm.

Houston-based Castleton Resources, which primarily focuses on the Haynesville in East Texas and Louisiana, will scoop up about 55,000 net acres from Shell that’s currently producing more than 100,000 cubic feet of natural gas per day. The companies are not revealing the sale price.

Shell previously sold most of its Haynesville position five years ago, but still had some piecemeal remaining acreage. read more

December 29, 2019

CAIRO (Reuters) – Egypt said on Sunday that it awarded oil and gas exploration concessions in the Red Sea to Chevron (CVX.N), Royal Dutch Shell (RDSa.L) and Mubadala MUDEV.UL in an international tender.

Chevron was awarded the first block, Shell a second block, and a third block was awarded jointly to Shell and Mubadala with a total exploration area of around 10,000 square km (3,860 square miles) and with a minimum investment of $326 million, the petroleum ministry said in a statement. read more

Russia is not forcing Shell to buy its gas. Shell is also a big investor in solar power and is a 50% owner in offshore wind farms Atlantic Shores in New Jersey and the Mayflower Consortium in Massachusetts.

Kenneth Rapoza Senior Contributor: Dec 28, 2019

Last week’s announcement from the White House of a cease and desist order for the foreign firms building the Russia-to-Germany natural gas line may come about a year too late.

Nord Stream 2 was always seen as a slap in the face to Ukraine, once a main route into Europe for Gazprom’s natural gas from Russia. But Russia and Ukraine have since gone their separate ways, pulled closer into Europe and the U.S.’s orbit by both Washington and Brussels, and now Russia has opted to look for alternatives. read more

By Nick Cunningham – Dec 22, 2019, 6:00 PM CST

On Friday, Royal Dutch Shell announced that it would take a $1.7-$2.3 billion write down for the fourth quarter, another financial blow to an industry dealing with oversupply and low prices.

The write down is the result of the bad “macro outlook,” Shell said in a press release, which refers to the slowdown in the global economy, weak demand growth and relatively low prices for gas, oil and for refining margins. “Additional well write-offs in the range of $100-200 million are expected compared to the fourth quarter 2018. No cash impact is expected,” Shell said in a statement. The company’s share price in London fell 1 percent on the news. read more

Shell Makes Significant Find Offshore Australia

Shell Australia has announced a “significant” gas and condensate discovery in the Browse Basin off the North West Coast of Western Australia.

The find was made through the Bratwurst-1 exploration well, which was said to be successfully concluded after a 78-day campaign. The discovery is located 99 miles north east of the Shell operated Prelude FLNG facility and presents an opportunity for a future tie-back to Prelude, according to Shell.

No figures were released in connection with the discovery, but it was said to support Shell’s growth plans for “more and cleaner energy, with LNG being the predominant focus for Shell in Australia”. read more

GlobeNewswire: Shell fourth quarter 2019 update note

December 20, 2019 02:02 ET | Source: Royal Dutch Shell

The Hague, December 20, 2019 – This is an update to the fourth quarter 2019 outlook provided in the third quarter results announcement on October 31, 2019. The impacts presented here may vary from the actual results and are subject to finalisation of the fourth quarter 2019 results which are scheduled to be released on January 30, 2020.

Unless otherwise indicated, presented earnings impacts relate to earnings on a current cost of supplies basis, attributable to shareholders, excluding identified items. read more

European companies involved in the project include German energy firms Wintershall and Uniper, French multinational Engie, British-Dutch oil and gas giant Royal Dutch Shell, and Austrian energy company OMV.

Dutch firms to study solar-to-hydrogen project

By Energy Reporters  | 18.12.2019

Dutch transmission operator Enexis, natural gas infrastructure firm Gasunie and oil producer Nederlandse Aardolie Maatschappij (NAM) are in discussions over plans to convert spare solar power into hydrogen.

The three firms said a feasibility study was being conducted for sites owned by NAM, a joint venture formed by Royal Dutch Shell and ExxonMobil, in Emmen and Drenthe with the results expected in the middle of next month. 

Enexis said: “The research is examining the conditions under which it is feasible to directly convert locally generated sustainable energy into hydrogen. And whether that energy can be transported via existing gas pipelines to customers so that this green energy still contributes to the energy transition.” read more

Malcolm Latarche · 16 December 2019: 

ShipInsight

French liner operator CMA CGM has announced a partnership with Shell to supply tens of thousands of tonnes of marine biofuel to its fleet. This quantity, which is unique in the industry, will allow the group’s ships to make over 80 round-trips between Rotterdam and New York.

CMA CGM Group became the first shipowner in the world this year to successfully test the use of a marine biofuel onboard the container ships CMA CGM White Shark and CMA CGM Alexander von Humboldt. Now it is accelerating and expanding the use of biofuel in the shipping industry. read more

Giles Parkinson: 16 December 2019

The head of Shell Australia, Zoe Yujnovich said the two acquisitions – Esco and ERM Power – would enable Shell to supply more and cleaner energy to utility, commercial and industrial customers in Australia.

Oil giant Royal Dutch Shell has snapped up a near half share in one of the biggest solar developers in Australia as part of a major push to expand its large-scale solar operations in the country.

Shell – fresh from the purchase of ERM Power – a major generator and retailer to small and big business – announced the purchase on Monday of a 49 per cent stake in Esco Pacific, saying it intended to accelerate the development of its large-scale solar projects, and to add to its pipeline. read more

The above extracts are from Trustpilot, Facebook Group: Shell Energy (formerly First Utility) – the worst customer service ever?? and First Utility Reviews

The Shell Energy gripe website is being launched in response to consumer horror stories involving debt collectors and bailiffs, with complaints posted online by outraged Shell Energy customers like the damning examples quoted in the above header.

By John Donovan

Shell and its shareholders will not welcome the news that I am launching another website later this month focussed on Shell. This time the target is Shell Energy, a global brand of rapidly growing importance and value to the parent company – Royal Dutch Shell Plc – in its quest to move away from an increasingly toxic fossil fuel-based business. Part of the gathering flight of ethical investors deserting Big Oil, in Shell’s case a transition into becoming a global energy and broadband company, instead of a dying oil giant. read more

Shell inks new $10bn credit facility to progress to net-zero

by David McPhee: 13/12/2019, 11:57 am

Oil and gas giant Shell has announced the agreement of a new $10 billion revolving credit facility to help progress the firm towards its net-zero target.

Shell said the new facility replaces its existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.

The Bank of America and Barclays Bank acted as joint co-ordinators for the facility.

Interest and fees paid on the facility will be linked to Shell’s progress towards reaching its short-term net-zero carbon goal.

Shell set a target within its latest Sustainability Report to cut the carbon footprint of the  energy products it sells by around 50% by 2050 and by 20% by 2035 as society moves towards meeting the aims of the Paris Agreement. read more

By Brian Eckhouse: 12 December 2019, 19:00 GMT

A Royal Dutch Shell Plc-backed solar developer commissioned a solar project in Georgia that will help power a Facebook Inc. data center.

Silicon Ranch Corp.’s 102.5-megawatt plant in Early County is Facebook’s first solar project in Georgia, and was developed as part of an agreement with local utility Walton Electric Membership Corp. It uses Hanwha Q Cells Co. modules that were produced at the manufacturer’s new factory in the state.

Walton Electric recently signed a deal with Silicon Ranch for another solar project in the state that will power the Facebook data center. The 107-megawatt facility in Denton is expected to be commissioned in 2021. Facebook has signed almost 950 megawatts of clean power-supply agreements this year, the third-most globally among corporations, according to BloombergNEF. read more

Environmental lawyers at ClientEarth have criticised The Pensions Ombudsman’s (TPO) decision not to uphold a complaint against the Shell Contributory Pension Fund’s (SCPF) climate risk policies.

Concerns were raised as TPO did not ask the SCPF to release information to the claimant about how it deals with the financial risks posed by its investments in fossil fuels and its sponsorship by an oil and gas company.

SCPF member Christoph Harwood had been seeking reassurance that the scheme is properly dealing with risks posed to members’ pension as a result of their policies. read more

Two extracts from the CIOs featured in the CIO article.

Craig Walker, VP and global CIO, Shell Downstream

Shell Downstream’s VP and global CIO Craig Walker has helped the organisation along its digital journey, and he sees business models, customer connectivity, innovation and digitisation as the main accelerators for change.

“Our history for 100 or more years has been oil and gas, predominantly oil in the early days and then far more gas business,” Walker said. “But these days, we’re very much moving to be an energy business. read more

• Author Jack Jordan
• Editor Alisdair Bowles
• Commodity Shipping
• 10 Dec 2019

London — Global energy producer Shell is betting on LNG as the first step in ridding shipping of its greenhouse gas emissions while cleaner fuels are still in research and development.

Beyond next year’s tougher sulfur emission limits, the next big regulatory challenge for shipping will be decarbonization. The International Maritime Organization has set an initial strategy of cutting carbon emissions per ship by at least 40% by 2030, and total greenhouse gas emissions for the shipping industry as a whole by at least 50% from 2008’s levels by 2050. read more

Shell and the Gas Wealth

When Shell bought BG Group for $53 billion in 2016, becoming the largest gas company in the world, it attracted a lot of criticism. Now, thanks to its natural gas exposure and specifically its LNG exposure, Shell is one of the best-performing stocks in the industry in the year to date. It is also the biggest public oil company by production, which stood at3.8 million barrels of oil equivalent per day at the end of the third quarter.

The Anglo-Dutch major is not just one of the biggest LNG producers, but also one of the biggest LNG shippers globally. It is also among the top performers in terms of revenue, ranking second in the world after China’s Sinopec. Shell is also actively expanding in renewables and energy storage, preparing the ground for future domination in the energy industry, too. read more

Shell is pushing forward a long-delayed liquefied natural gas export project in British Columbia, making it the first Canadian LNG terminal to get the financial green light.

Shell‘s decision on Tuesday to move forward the $14 billion LNG Canada project — the largest of its kind in years — signals confidence that global demand will rise quickly enough to sop up growing supplies of LNG. It also opens a new competitive front for the U.S. terminal developers lining up to take advantage of booming demand for natural gas super-chilled to liquid form, particularly in Asia. read more

Adiri wrote to Delek Drilling CEO Yossi Abu, Noble Energy SVP Keith Elliot and Shell East Med GM Chris Breeze, “I wish to advise you that the State of Israel has not relinquished its share of the Aphrodite-Yishai natural gas reservoir, and has no intention of doing so.”

FULL ARTICLE

December 8, 2019

THE International Police (INTERPOL) has rejected the request of former Attorney-General and Minister of Justice Mohammed Bello Adoke for release from its custody in Abu Dhabi, United Arab Emirates (UAE).

It said it could not grant the request because it deals with states and not individuals. Adoke’s lawyers wrote the INTERPOL, seeking his release based on what they called the vacation, on October 25, of the warrant of arrest issued against him by Justice Danlami Senchi of the Federal Capital Territory (FCT) High Court in Abuja. read more

December 6, 2019

QUITO (Reuters) – Ecuador’s state-run oil company Petroecuador said on Friday it had awarded a unit of Royal Dutch Shell a contract to lift some 20.2 million barrels of Oriente-grade crude between 2020 and 2023.

Shell Western Supply and Trading beat out the other two bidders, Trafigura and Mitsubishi , by offering to pay a premium of 71 cents per barrel above the reference price for West Texas Intermediate crude.

Petroecuador expects the deal to bring in some $950 million. The Andean country produces some 545,000 barrels per day of crude. read more

Market analyst Kline & Company has once again named Shell as the leading global supplier of finished lubricants.

It is the 13th consecutive year that Shell has topped the Kline Global Lubricants Industry: Market Analysis and Assessment.

The 2019 report uses 2018 as the base year, and covers all leading lubricant-consuming country markets, market segments, product types, and formulations.

According to the report, Shell grew its leading global market share in 2018 relative to the year prior, while its competitors saw declines. read more

On-demand electric ride-share launched in Amsterdam

Christopher Care: 5th December 2019

Ride-share operator ViaVan has partnered with Shell to launch an on-demand electric service in Amsterdam.

The project will combine Shell’s fast-charging infrastructure in the Dutch capital with ViaVan’s electric vehicle fleet to improve routing information to available chargers nearby.

The company claims this includes a “routing algorithm” that maximises the range and battery utilisation of vehicles, monitors the real-time battery status of the fleet, calculates upcoming charging tasks and intelligently routes vehicles to Shell charging stations. read more

(Alliance News) – Royal Dutch Shell PLC is mounting an appeal after a judge in Nigeria made a GBP33 million damages award following an oil pipeline rupture half a century ago.

Bosses are preparing to challenge the 2010 ruling, made after a hearing in the Federal Court of Nigeria, in the Nigerian Supreme Court.

Detail of the appeal was outlined on Thursday in a ruling by a judge who considered issues in the case at a High Court hearing in London.

Judge Jason Coppel heard that a lesser ranking judge in London had earlier this year “registered” the Nigerian ruling in England. read more

Shell Foundation and FMO launch SSA-focused energy fund

The fund will provide catalytic financing to early to growth stage companies in Sub-Saharan Africa (SSA) operating in the access to energy ecosystem.

Sam Parker, Director, Shell Foundation, said: “The EEGF will help to bridge the funding gap which today prevents early stage, growing energy companies from accessing the range of risk capital and business support they need to develop to the next stage and ultimately attract commercial capital.”

“To reach the UN Sustainable Development Goal 7 and deliver universal energy access, an additional 300+ companies will require funding of $10m on average to become cashflow positive and grow to sufficient scale to deliver energy services to millions of consumers in sub-Saharan Africa,” he added. read more

The Hague, December 5, 2019 – The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2019 interim dividend, which was announced on October 31, 2019 at US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”).

Dividends on A Shares will be paid, by default, in euro at the rate of €0.4234 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by November 29, 2019 will be entitled to a dividend of 35.73p per A Share. read more

DECEMBER 4, 2019

Extracts

(Reuters) – Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc (GOOGL.O), heralding a new chapter for the company that helped reshape the global tech industry under its co-founders Page and Sergey Brin.

To grow beyond its main search and advertising business, Google restructured in 2015 and established Alphabet as a holding company overseeing various “other bets”, ranging from its autonomous vehicle unit to helium balloons that provide solar-powered internet services in remote areas. read more

Extracts

(Bloomberg) — A slowdown in gas demand growth in China, the driver of global use over the past two years, is expected to slacken further, adding to investor concern as supply continues to build.

Consumption in 2021-2025 will grow at a slower pace than it has in the current five-year period, a researcher at China’s economic planning department said at the BloombergNEF summit in Shanghai on Wednesday. Furthermore, a weaker economy and rising imports via pipeline could shrink the share of liquefied natural gas in the overall Chinese market, according to gas utility ENN Energy Holdings Ltd. read more

Wednesday 04 December 2019

Energy company Shell has won a court order to prevent activists from boarding installations in the North Sea.

The company secured an interim interdict against Greenpeace at the Court of Session in Edinburgh on Wednesday.

“We wholeheartedly support the right to protest peacefully and safely.

“We’re pleased this decision recognises that the existing legal safety zone should be respected by campaigners.”

Shell said of the four Brent platforms, only one – Brent Charlie – is now manned, from which Shell staff could be required to give urgent assistance to any protesters in the event of an emergency but this would also put their teams at risk. read more

Shell, Mitsubishi, Trafigura Present Bids for Ecuador Oil Contract-Minister

By Reuters: Dec. 3, 2019

QUITO — Royal Dutch Shell, Mitsubishi Corp and Trafigura presented bids for a contract to lift some 20.2 million barrels of Ecuadorean crude between 2020 and 2023, the Andean country’s energy minister told reporters on Tuesday.

The country expects to pick a winner for the contract, which is expected to generate $950 million (£740.45 million) in export income for Ecuador, in the coming days, said the minister, Jose Agusto.

Ecuador invited some 51 companies to participate in the auction, the first of its kind in more than a decade. The price of the oil will be determined by a formula taking into account the price of the country’s oil sales on the spot market plus a premium. read more