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Shell’s 88 page global transformation plans leaked to John Donovan

Embarrassingly for Shell, as the New York Times has reported this morning, I have a leaked copy of an 88 page Shell internal document setting out proposals for Shell’s global plans generally and in particular for the Netherlands, where several hundred more jobs are going to disappear. Part of a world-wide jobs upheaval at Shell. 

A few days ago, CEO Ben van Beurden, mindful of the prospect of a falling oil price, claimed that Shell “is getting fit for the $40s.” Now we have a detailed insight about the scope of proposed transformational change at Shell deemed essential to achieving that objective. Embarrassingly for Shell, as the New York Times has reported this morning, I have a leaked copy of an 88 page Shell internal document setting out proposals for Shell’s global plans generally and in particular for the Netherlands, where several hundred more jobs are going to disappear. read more

Cheap oil forcing a rethink, says Royal Dutch Shell

  • The Wall Street Journal

Royal Dutch Shell has presented a pessimistic vision for the future of oil, even as the company reported success in generating cash during a prolonged energy downturn. Shell has cut costs and said it was preparing for a world in which crude prices might never regain precrash levels and petroleum demand declined. Shell chief executive Ben van Beurden said the company had a mindset that oil prices would remain “lower forever”. “We have to have projects that are resilient in a world where oil has peaked,” Mr van Beurden told reporters on a conference call discussing the company’s second-quarter financial results. “When it will happen we don’t know, but that it will happen we are certain.” READ MORE read more

LNG possibility lives on, even after death of Pacific NorthWest LNG

And two other large global energy players with regulatory approval from the B.C. and Canadian governments say they are trying to position themselves to be ready to make a decision on building their own billions-of-dollars of mega-projects in northwest B.C. to coincide with increased demand they forecast could kick in by the middle of next decade. Those projects are LNG Canada led by Royal Dutch Shell plc and Kitimat LNG, a 50-50 venture of Chevron and Australian-based Woodside Energy. read more

Shell backs gas export limits

: Resources reporter, Melbourne: 28 July 2017

Royal Dutch Shell chief executive Ben van Beurden has said he is very supportive of Malcolm Turnbull’s moves to impose export restrictions to increase domestic supply on the east coast, where Shell runs the Queensland Curtis LNG project. But the oil major has revealed there have been some unspecified operational problems at QCLNG, which exports coal-seam gas from Gladstone. Speaking on a second-quarter earnings call in London last night, Mr Van Beurden backed the Prime Minister’s intervention in the markets, which gives the government the power to restrict exports from any LNG project that is not a “net contributor” to domestic markets. FULL ARTICLE read more

PRELUDE FLNG is a very risky business

BILL CAMPBELL

Bill Campbell, retired HSE Group Auditor, Shell International, comments on the UPI article “In Australia, Shell signals new era for LNG

For hazardous substances plants Size Matters, it’s crucial.

The size re surface deck area of the Prelude vessel wrt an onshore plant continues to be misstated, purposefully I assume. Even if the total deck of Prelude was used exclusively for the LNG process ignoring area taken up by Accomodation, Turret etc we have total of 3.6 Hectares. On average LNG land plants with equivalent throughputs are 20 times (not four times) on average larger than the 3.6 Hectares provided on the Prelude deck. As an example of this that you can check out easily on the web is that Woodside Energy has allocated 80 Hectares for its onshore Pluto LNG site and facilities or 22.2 times the total area of the Prelude deck. I took up the propaganda on size with Shell Australia a few years ago, they are the regular publisher of these alternative facts, asking them to clarify where in the world was there a LNG plant onshore occupying just 14 Hectares (4 times the Prelude total deck space). read more

Report: Gas could be sidelined by renewables in parts of Australia

By Daniel J. Graeber: 26 July 2017

July 26 (UPI) — With Australia monitoring natural gas demand, a consultant group found gas-fired power could get squeezed out in parts of the country as renewables get cheaper.

FULL ARTICLE

In Australia, Shell signals new era for LNG

In Australia, Shell signals new era for LNG

By Daniel J. Graeber: July 25, 2017

July 25 (UPI) — The arrival of a floating liquefied natural gas facility off the coast of Australia signals a milestone for the region as an energy hub, Royal Dutch Shell said. The company’s Prelude vessel, its first-ever floating platform for LNG, arrived off the coast of Western Australia, after leaving its South Korean shipyard in late June. READ MORE

Shell, SoftBank Weigh Bids for Asia Renewables Firm Worth Up to $5 Bln – Sources

PRELUDE FLNG; A CASE OF ADDING FUEL TO THE FIRE

By Bill Campbell – Retired HSE Group Auditor, Shell International

The physics of fire is readily explained by the simple fire triangle where the constituents needed to be available for fire to begin and persist are a heat source, oxygen and a combustible fuel.

In our industry in 1988 and later in the Gulf of Mexico and offshore India were witnessed catastrophic happenings where an escalating hydrocarbon event could not be curtailed, went out of control and escalated because of the abundance of fuel in massive amounts, mainly gas.

The abundance of fuel on an offshore installation, or on a London Tower building, housing hundreds of people, raises the risk to persons occupying these facilities significantly.  Risk is not just the probability of a fire starting but the potential consequences of that fire should it start and take hold.     read more

More Shell News 12 July 2017

Prelude Article by Business News Western Australia: 12 July 2017 read more

Shell News Update 31 May 2017

Shell completes sale of Australian aviation business for $250 mln: Reuters: 31 May 2017

Has completed sale of its Australian Aviation Business to Viva Energy Australia for a total transaction value of approximately $250 million.

Shell Downstream CIO Craig Walker – “We should be scared”: 23 May 2017

Walker very frankly admitted that Shell “should be scared” during our discussion, where he said that one of his biggest fears is having to go and tell his director that he’d lost a billion dollar business because he didn’t foresee a new business model for Shell, enabled by new technologies.

Canadian Oil Sands Brace As Oil Majors Dump Shares: OilPrice.com: 30 May 2017

Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares of the Canadian companies that Shell and ConocoPhillips received. read more

Donny Ching spin on Shell support for South African apartheid

By John Donovan

How much respect should we have for Shell Legal Director Donny Ching bearing in mind his attempt to rewrite the history of Shell’s shameful support for the dreadful apartheid regime in South Africa. Perhaps he is just ignorant about the facts. Mr Ching has given an account from his personal perspective as a student at Melbourne University nearly three decades ago. 

This is what he has said on the record:

At that time in Australia, and it was the same all over the world, there was a huge wave of protests about apartheid in South Africa. read more

MORE SHELL NEWS 6 APRIL 2017

Shell sues former head of security for threatening to reveal secrets: HOUSTON CHRONICLE

The issue of confidentiality comes up most often when employees who feel wronged were former high-level executives privy to corporate secrets that they promised not to reveal…

Crockett Oaks III, a former FBI agent who led the U.S. security operations of Shell Oil Co…  Shell Oil, the U.S. subsidiary of Royal Dutch Shell, last week obtained a temporary court order blocking Oaks from revealing potentially damaging information about Shell’s…

Shell switches New Zealand holdings ahead of possible divestment: REUTERS

Royal Dutch Shell (RDSa.L) sold its stake in a New Zealand gas field while taking over the field’s operating company as part of a plan to possibly divest its holdings in the country later on, the company said Thursday.

Shell starts offloading its New Zealand assets: MARKETWATCH

WELLINGTON, New Zealand–Royal Dutch Shell PLC (RDSA) has taken a step toward an exit from its New Zealand assets with a deal to sell its 50% stake in a natural-gas field to its local venture partner, Todd Energy. read more

More Shell News Friday 24 March 2017

Geologist for Shell says company hid Nigeria spill dangers: Associated Press

Royal Dutch Shell’s Nigeria subsidiary “fiercely opposed” environmental testing and is concealing data showing thousands of Nigerians are exposed to health hazards from a stalled cleanup of the worst oil spills in the West African nation’s history, according to a German geologist contracted by the Dutch-British multinational.

Shell says to start cleaning up 2008 Nigeria oil spills in April: Seeking Alpha

The head of a group helping organize Royal Dutch Shell’s (RDS.A, RDS.B) clean-up of 2008 oil spills at a Nigerian Delta community says he hopes work can begin next monthShell agreed in 2015 on a £55M ($68.6M) settlement with the Bodo community after accepting liability for two pipeline leaks… read more

Current Shell News Stories 23 March 2017

Shell Prelude FLNG project relegated to backburner

By John Donovan

A Reuters article published today reports that a collapse in the benchmark price of gas has hit Shell’s “long-delayed $12.6 billion Prelude project off northwest Australia”.  Citing Shell Prelude, it says that FLNG projects are being relegated to the backburner.

Shell executive VP Steve Hill is quoted as admitting: “There was maybe an expectation when Prelude was being conceived that this was the future and every LNG project would look like that. I think that got kind of superseded by the U.S. being the primary source of new LNG supply ..” read more

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