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Giant Oil Trader With No Women in Top Jobs Says Change Must Come

U.K. figures on gender pay gaps show that female employees at Royal Dutch Shell Plc’s trading unit earn 62 percent less in bonuses than male colleagues.

Commodity houses must do more to get women into top jobs, according to Vitol Group, the biggest independent oil trader, and a firm that like others in the industry staffs its leadership committee entirely with men. “We accept that it’s not good enough,” Chairman Ian Taylor said in an interview in Lausanne, Switzerland. “It’s an industry problem.” There are no women on the executive leadership committees of Vitol, Glencore Plc or Trafigura Group Ltd., the three biggest independent oil traders and two biggest metals traders. Bloomberg News reported this week that of the top 40 commodity trading houses, only 4.2 percent of such jobs are held by women. FULL ARTICLE read more

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Selection of Shell related news stories 16 March 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Selection of Shell related news 14 March 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Says Oil’s Not Going Anywhere

There’ll be at least one home still welcoming fossil fuels in the face of a growing threat from cleaner resources, according to Royal Dutch Shell Plc. Heavy industry relies on hydrocarbons to generate extremely high temperatures and chemical reactions, according to Mark Quartermain, vice president of crude oil trading and supply at the company. Many processes used in iron, steel, cement and plastics factories can’t be electrified at all, and even if they could be, cannot be done at a viable cost in the foreseeable future, he said at a conference in Singapore. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

The Disappearing $1.1 Billion Behind Shell, Eni Trial: QuickTake

Royal Dutch Shell Plc and Eni SpA are going to trial in Italy over bribery charges involving an oil field in Nigeria. Two things are unusual about the case. One is the sheer scale of the sum involved — $1.1 billion. The other is that the defendants include Eni’s Chief Executive Officer Claudio Descalzi, the company’s former CEO and a former top executive at Shell. The trial begins Monday in Milan.

1. What was the $1.1 billion for?

It was paid by the companies to the Nigerian government in 2011 for a license to drill in deep waters off the Nigerian coast. The license had been in dispute for years. It had originally been awarded in 1998 by the country’s military dictator, Sani Abacha, to Malabu Oil and Gas Ltd., a Lagos-based company connected to then-Petroleum Minister Dan Etete. Under successive governments, the license was canceled, awarded to Shell, and then awarded to Malabu again before the 2011 deal. Shell and Eni also paid the government about $200 million as a signature bonus — a onetime fee charged by some oil-producing nations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Shows Interest in BHP Assets

Royal Dutch Shell Plc said it’s potentially interested in BHP Billiton Ltd.’s oil assets on sale in the Permian basin in the U.S. as it seeks to boost its role in shale. The Anglo-Dutch company entered the prolific oil region in 2012 and plans to expand its position and generate positive cash flow next year, Andy Brown, Shell’s upstream director, said in an interview on Tuesday. The Permian offers production costs as low as $15 a barrel and is the driving force behind the current surge in U.S. output. Shell “will look at opportunities to bulk up our shale position,” Brown said at the International Petroleum Week conference in London. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Big Oil CEOs Urge Norway to Throw a Lifeline to Carbon Capture

Saetre, Pouyanne & van Beurden in Oslo, Feb. 15 2018.: Photographer: Kyrre Lien/Bloomberg

Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective. The chief executive officers of Royal Dutch Shell PlcTotal SA and Norway’s state-controlled Statoil ASA gathered on the sidelines of an energy conference in Oslo to make the case for a flagship Norwegian project, in which the companies plan to store CO2 emissions under the North Sea after they’ve been shipped and piped from onshore industrial plants. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Commits to Expanding Gas Stations as Some Rivals Retreat

Istvan Kapitany, head of Shell’s global retail business

By Kevin Orland: 9 February 2018

(Bloomberg) — While many oil producers are stepping back from their retail operations, Royal Dutch Shell Plc is doubling down.

Shell, which has about 44,000 filling stations around the world, opened its first one in Mexico last year, the start of $1 billion in investments over the next decade. Shell also is ramping up spending in China, India, Indonesia and Russia, Istvan Kapitany, head of Shell’s global retail business, said in an interview in Calgary. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Makes as Much Money at $60 a Barrel as When It Was $100

The oil-price rally worked both ways for Royal Dutch Shell Plc as improved exploration and production lifted profit to a three-year high while refining and trading fell short of expectations as margins shrank. Crude’s surge raised adjusted profit at Europe’s largest energy company to $4.3 billion last quarter, the highest since 2014. While the bottom line was better than expected — and Shell is making as much money with oil at $60 a barrel as when it was $100 — cash flow was the weakest since 2016. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Makes Mexico Comeback to Rule Deep Gulf Waters

In the span of a few hours, Royal Dutch Shell Plc became the new king of Mexico’s deep waters.

The super major — which once dominated the country’s oil industry and operates the deepest prospects in the U.S. side of the Gulf — made a comeback by winning about a third of the offerings in Mexico’s biggest-yet bidding round.

The auction of exploration and production permits on Wednesday was the strongest sign so far that Mexican President Enrique Pena Nieto’s energy reform is bearing fruit by luring investment plans that will help get Mexico’s oil production back on track. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Is Closing In on Exxon’s Crown

Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not.

Royal Dutch Shell Plc is the closest it’s ever been to attaining the long-coveted prize of overtaking its American rival. While the Anglo-Dutch oil major still has some work left to snatch Exxon’s crown, Chief Executive Officer Ben van Beurden has made getting to the top his restless mission. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell plots move onto Uber’s ride-hailing turf with London licence application

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. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell and BP to Buy Libyan Oil as Country Recovers

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 read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Why the Dutch are Missing Out on the Global Natural Gas Glut

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 read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Bolsters Renewables Bet With Stake in U.S. Solar Company

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. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Braces for Change by Expanding Its Foothold in Electricity

“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. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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