Bloomberg – Royal Dutch Shell Plc .com http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc Tue, 23 Jan 2018 18:40:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.2 https://i0.wp.com/royaldutchshellplc.com/wp-content/uploads/2017/04/cropped-Screen-Shot-2017-03-31-at-15.44.47.jpg?fit=32%2C32 Bloomberg – Royal Dutch Shell Plc .com http://royaldutchshellplc.com 32 32 4172002 Shell plots move onto Uber’s ride-hailing turf with London licence application http://royaldutchshellplc.com/2018/01/19/shell-plots-move-onto-ubers-ride-hailing-turf-with-london-licence-application/ http://royaldutchshellplc.com/2018/01/19/shell-plots-move-onto-ubers-ride-hailing-turf-with-london-licence-application/#respond Fri, 19 Jan 2018 20:53:21 +0000 http://royaldutchshellplc.com/?p=95303 Shell plots move onto Uber’s ride-hailing turf with London licence application was first posted on January 19, 2018 at 9:53 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

Shell is seeking to cope with the threat from electric vehicles CREDIT: BLOOMBERG

Royal Dutch Shell is planning to crash London’s transport market with a new venture for the FTSE 100 energy giant that could create a fresh challenger to  Uber.

FarePilot, a Shell subsidiary, has applied for a private hire licence with Transport for London and has held initial conversations with drivers about a new service, The Telegraph understands.

It comes amid widespread upheaval in London’s taxi market and uncertainty over Shell’s future as petrol and diesel cars are phased out in favour of electric and hybrid vehicles. Last year, Uber was stripped of its private hire licence in a controversial move that threatens to banish its cars from London’s streets.

FarePilot, which operates out of the oil group’s London office, helps existing Uber and taxi drivers find hotspot areas where passengers are looking for fares. Rather than being an Uber competitor, it has positioned itself as a way to help them make more money and reduce emissions.

However, recent moves suggest it could have greater ambitions. FarePilot applied for a TfL licence in June and is now considering its options, although plans are not believed to be fully formed. The start-up may not go as far as a direct competitor to Uber, but could launch an “aggregator” service that makes its large pool of drivers available to existing minicab operators, giving them the scale to compete against Uber.

“FarePilot does not currently have a licence to operate as a private hire operator in London and does not currently provide driving jobs,” a spokesman said.

“Drivers often ask us however if we could further help them by giving them driving jobs and this is something that we are investigating but no decisions have been taken to go live with such a product. Should this materialise, we will ensure that all the correct commitments – including licences and procedures – are in place prior to going live.”

Several companies are weighing up moves into the fiercely competitive London market after TfL revoked Uber’s licence in September over safety concerns. Though Uber continues to operate as it appeals against the decision, operators including US rival Lyft and Estonia’s Taxify are considering launches in London.

Transport services are seen as a promising new market for established companies threatened by the rise of electric vehicles, driverless cars and ride-sharing apps.

The global threat to Big Oil was underlined by the Organisation of Petroleum Exporting Countries (Opec) last year which warned that the number of motor vehicles on the world’s roads could be lower than expected as a result of the boom in ride-sharing technology, leading to lower demand for oil. Ride-sharing companies have typically been early adopters of electric vehicles which could accelerate the growth of the emission-free options across Europe.

Shell has already made a series of moves to protect its business by buying into nascent technology options which could disrupt the traditional business model of major oil companies in the future.

Mark Gainsborough, who heads up Shell’s New Energies division, told The Telegraph late last year that the innovation arm would double its investments to $2bn (£1.5bn) in 2018 to deepen its presence in the growing electricity market.

The group stunned the UK energy market late last year by snapping up First Utility for an undisclosed sum, giving it a route into the domestic energy supply market as it begins to shift towards clean electricity and electric vehicles.

The move followed Shell’s decision to team-up with Europe’s largest charging network, backed by BMW, Daimler, Ford and Volkswagen with Audi and Porsche, to create a network of 350kW chargers next to major roads in Europe.

Please also visit our sister site Royal Dutch Shell Group
Shell plots move onto Uber’s ride-hailing turf with London licence application was first posted on January 19, 2018 at 9:53 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/01/19/shell-plots-move-onto-ubers-ride-hailing-turf-with-london-licence-application/feed/ 0 95303
Shell and BP to Buy Libyan Oil as Country Recovers http://royaldutchshellplc.com/2018/01/17/shell-and-bp-to-buy-libyan-oil-as-country-recovers/ http://royaldutchshellplc.com/2018/01/17/shell-and-bp-to-buy-libyan-oil-as-country-recovers/#respond Wed, 17 Jan 2018 20:14:13 +0000 http://royaldutchshellplc.com/?p=95254 Shell and BP to Buy Libyan Oil as Country Recovers was first posted on January 17, 2018 at 9:14 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

Royal Dutch Shell Plc and BP Plc agreed annual deals to buy Libyan crude, underscoring how the North African country’s recovering production and improving security are enticing some of the world’s largest oil companies. Shell’s deal with Libya’s National Oil Corp. was the first of its kind since 2013 and Europe’s biggest oil company will load its first cargo under the contract within days, according to people familiar with the matter, who asked not to be identified because they’re not authorized to talk to the media. BP, which didn’t have a term deal in 2017, also reached an agreement for this year, the people said. FULL ARTICLE

Please also visit our sister site Royal Dutch Shell Group
Shell and BP to Buy Libyan Oil as Country Recovers was first posted on January 17, 2018 at 9:14 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/01/17/shell-and-bp-to-buy-libyan-oil-as-country-recovers/feed/ 0 95254
Why the Dutch are Missing Out on the Global Natural Gas Glut http://royaldutchshellplc.com/2018/01/16/why-the-dutch-are-missing-out-on-the-global-natural-gas-glut/ http://royaldutchshellplc.com/2018/01/16/why-the-dutch-are-missing-out-on-the-global-natural-gas-glut/#respond Tue, 16 Jan 2018 14:14:05 +0000 http://royaldutchshellplc.com/?p=95227 Why the Dutch are Missing Out on the Global Natural Gas Glut was first posted on January 16, 2018 at 3:14 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

The world may never have produced more natural gas, but that’s little comfort for the Dutch government as it seeks to replace flows from Europe’s biggest field.

Lawmakers in the Netherlands on Tuesday will discuss options to supply their pipeline network, which was built around the relatively poor-quality gas from the Groningen deposit. More than a half century of production there triggered earthquakes, forcing the scaling back of output.

Progressive Decline

Annual gas output from the Groningen gas field under new rules

At first glance, losing one field shouldn’t be a problem for a market flush with supply from Russia and Norway. But the region’s home appliances and heating systems were built around the low-calorie gas Groningen produces. GasTerra BV, which markets all of the field’s gas, says there’s potential for shortages if output is trimmed further because of a bottleneck in units that can convert richer gas from abroad.

“Can we stop gas production in the foreseeable future?” Gerald Schotman, the chief executive officer of Nederlandse Aardolie Maatschappij BV, the Royal Dutch Shell Plc-Exxon Mobil Corp. venture that operates Groningen, asked Monday in a speech. “We all need to keep both feet on the ground. Converting more than 7 million households takes time and active government regulation.”

Four facilities that convert richer imported gas by adding nitrogen are running near capacity during peak periods, according to Anton Buijs, a spokesman for Gasterra, a venture between the state, Shell and Exxon. The facilities, which can cost almost half a billion euros, take years to build, meaning they aren’t an immediate solution.

For more on the Dutch earthquakes click here

Buijs declined to estimate the minimum output needed to fulfill GasTerra’s sales contracts, including for exports. Production from Groningen is currently limited to 21.6 billion cubic meters a year, equal to about 5 percent of the European Union’s total gas consumption.

“Changing the contracts does not change the size of the market,” Buijs said. “People don’t adjust their thermostat because they have a contract, they adjust it because they’re cold.”

Some market-design changes to lower demand from industrial customers during cold snaps might help deal with future supply shortages, said Gerben Hieminga, an energy economist at ING Groep NV. That will probably need to be complemented with speeding up plans to convert appliances in Germany, France and Belgium to use high-calorific gas and electrifying heating systems where possible in the Netherlands, he said in an interview.

“It’s so difficult to lower demand in one or two years to meet the possible production ceilings,” Hieminga said. But there is some scope to boost electrification of heating, especially in less populated areas where there’s more space to install bigger boilers, to take the pressure off Groningen, he said.

In November, a court said the Dutch government had failed to make clearhow it will limit gas demand. On Jan. 8, Groningen was hit by the region’s biggest tremor in more than five years, leading NAM and the mining regulator to call for further cuts. The government, which has budgeted for gas income of 1.9 billion euros ($2.3 billion) this year, expects further clarity on how much extraction can be cut by March.

“Yes, eventually we will use less natural gas in the Netherlands,” NAM’s Schotman said. “But we also need energy supply to be reliable. We don’t want blackouts, we can’t afford that.”

SOURCE

Please also visit our sister site Royal Dutch Shell Group
Why the Dutch are Missing Out on the Global Natural Gas Glut was first posted on January 16, 2018 at 3:14 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/01/16/why-the-dutch-are-missing-out-on-the-global-natural-gas-glut/feed/ 0 95227
Shell Bolsters Renewables Bet With Stake in U.S. Solar Company http://royaldutchshellplc.com/2018/01/15/shell-bolsters-renewables-bet-with-stake-in-u-s-solar-company/ http://royaldutchshellplc.com/2018/01/15/shell-bolsters-renewables-bet-with-stake-in-u-s-solar-company/#respond Mon, 15 Jan 2018 21:02:53 +0000 http://royaldutchshellplc.com/?p=95217 Shell Bolsters Renewables Bet With Stake in U.S. Solar Company was first posted on January 15, 2018 at 10:02 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

Royal Dutch Shell Plc is investing in a U.S. solar energy developer, continuing its recent expansion into the electricity business.

The Anglo-Dutch oil and gas producer will acquire a 44 percent stake in Nashville’s Silicon Ranch Corp., which owns and operates about 100 solar facilities across the U.S. The investment could be as high as $217 million in cash, depending on the company’s performance, making Shell the largest shareholder, according to a statement.

Shell has been growing its foothold in the power business as it prepares for a carbon-constrained world, including an agreement to purchasethe U.K’s seventh-largest utility in December. Rivals BP Plc and Total SA have also expanding into offshore wind and solar in the past few years, reflecting changing government incentives and customer demands.

“With this entry into the fast-growing solar sector, Shell is able to leverage its expertise as one of the top three wholesale power sellers in the U.S., while expanding its global New Energies footprint,” Marc van Gerven, Shell’s vice president of solar, said in the statement.

Silicon Ranch currently has about 1.9 gigawatts of solar-based power facilities in its development portfolio, and the Shell investment will allow it to enter new markets, according to the company. It operates in 14 states, including New York and California.

Shell is acquiring the stake from Partners Group, a Zug, Switzerland-based private markets investment manager. The deal is expected to close before the end of March.

SOURCE

Please also visit our sister site Royal Dutch Shell Group
Shell Bolsters Renewables Bet With Stake in U.S. Solar Company was first posted on January 15, 2018 at 10:02 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/01/15/shell-bolsters-renewables-bet-with-stake-in-u-s-solar-company/feed/ 0 95217
Shell Braces for Change by Expanding Its Foothold in Electricity http://royaldutchshellplc.com/2018/01/12/shell-braces-for-change-by-expanding-its-foothold-in-electricity/ http://royaldutchshellplc.com/2018/01/12/shell-braces-for-change-by-expanding-its-foothold-in-electricity/#respond Fri, 12 Jan 2018 18:08:25 +0000 http://royaldutchshellplc.com/?p=95175 Shell Braces for Change by Expanding Its Foothold in Electricity was first posted on January 12, 2018 at 7:08 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>

“The era of oil and gas and petrochemicals is not over, but the era of electric transport is also coming in,” van Beurden said.

Royal Dutch Shell Plc is taking small steps toward a future dominated by electric cars, renewable energy and carbon constraints, demonstrating its intent not to remain solely an oil and gas company.

The energy giant agreed last month to purchase First Utility Ltd., the U.K.’s seventh-largest power provider. Its offshore-wind partnership with Eneco may expand further, with newspaper Telegraaf reporting on Friday that Shell is considering buying the Dutch utility outright.

Big Oil entering the heavily regulated European power market isn’t a natural fit today. Yet it makes sense for a future in which consumers want charging points alongside gasoline pumps at fueling stations, and iPhone apps and smart home devices generate vast amounts of energy-use data that itself becomes a valuable commodity.

Oil to Power

Electric cars could displace 8 million barrels a day of oil use, or 25% of current OPEC output

“We’re on the cusp of a potentially rather fundamental reorganization of the way that consumers purchase and get access to electricity,” said Rick Wheatley, an executive vice president at Xynteo Ltd., which advises oil companies including Shell on long-term sustainable planning. The oil industry is realizing “that things may begin to move much faster” in renewables and the electrification of transport, he said.

Shell’s steps toward selling electricity have so far have been modest in comparison to its vast fossil fuels business. The company pumped 1.85 million barrels of oil and 10.47 billion cubic feet of natural gas every day in the third quarter, more than enough to supply the whole of the U.K. In contrast, First Utility has no generation of its own, instead buying power wholesale from a Shell unit, and supplies just 3 percent of the country’s residential energy market.

In October, Shell announced it was buying NewMotion, Europe’s largest electric-vehicle charging provider. In late November it reached an agreementwith IONITY — a Munich-based venture between BMW Group, Daimler AG, Ford Motor Co. and Volkswagen AG — to start charging stations in 10 European nations.

Eneco, which pointedly shuns fossil fuels on the home page of its website, has a portfolio of sustainable energy projects across northwestern Europe. A Shell spokeswoman declined to comment on whether it was considering bidding for the Rotterdam-based utility or the company’s broader plans in the power sector.

Large oil companies are keen to make small investments now as a way to minimize the difficulty of gaining entry to new markets later on, said Richard Chatterton, an oil analyst at Bloomberg New Energy Finance.

“They don’t want to have any potential new opportunity out of their reach,” Chatterton said. These investments “are all about making sure they’re positioned well to take a hold of future opportunities when they become clear.”

Changing Customers

BNEF estimates global power demand will surge 58 percent by 2040, compared with 2016 levels, with $10.2 trillion of investment needed in the sector. The research group forecasts that during the same period the growth of electric vehicles will displace about 8 million barrels of oil a day — equivalent to the production of Iran and Iraq today.

Chief Executive Ben van Beurden, in a post on Shell’s website earlier this month, said he thinks constantly about preparing for a world where fossil fuels are less dominant. He intends to use the New Energies unit, with a budget of as much as $2 billion a year, to ensure Shell remains “a company of the future.”

“The era of oil and gas and petrochemicals is not over, but the era of electric transport is also coming in,” van Beurden said. “The world is changing and if our customers’ needs are changing, we have to change with them.”

SOURCE

Please also visit our sister site Royal Dutch Shell Group
Shell Braces for Change by Expanding Its Foothold in Electricity was first posted on January 12, 2018 at 7:08 pm.
©2018 "Royal Dutch Shell Plc .com". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at john@shellnews.net
]]>
http://royaldutchshellplc.com/2018/01/12/shell-braces-for-change-by-expanding-its-foothold-in-electricity/feed/ 0 95175