Bloomberg

Shell, Eni Settle Dispute With Kazakhstan in $1.3 Billion Deal

Dec 14th, 2020
by John Donovan.
No comments yet

Shell, Eni Settle Dispute With Kazakhstan in $1.3 Billion Deal

By Nariman Gizitdinov
14 December 2020, 08:59 GMT

  • Karachaganak partners end five-year spat with government
  • Agreement unlocks plans to start expansion at giant oil field

Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing.

The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than two decades amid oil’s slump. While the government is getting less cash than it demanded last year, it’s a larger payment than initially agreed in 2018. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Female trader Stacie Pitts given top job at Royal Dutch Shell

Dec 10th, 2020
by John Donovan.
No comments yet

Female trader Stacie Pitts given top job at Royal Dutch Shell

Emily Gosden

Royal Dutch Shell has promoted Stacie Pitts to lead its oil trading business, making her the most influential woman in the male-dominated world of trading.

Ms Pitts is to replace Mark Quartermain, who is retiring as head of crude trading, in a move first reported by Bloomberg. It also reported that two other women have been promoted to senior trading roles: Alice Acuna, the new head of liquefied natural gas trading, and Karrie Trauth, in charge of shipping. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell CEO hopeful Biden will speed up climate change fight

Dec 5th, 2020
by John Donovan.
No comments yet

Shell CEO hopeful Biden will speed up climate change fight

Laura Hurst, Bloomberg

Ben van Beurden, CEO of Royal Dutch Shell plc., speaks during CERAWeek by IHS Markit Thursday, March 9, 2017, in Houston. ( Melissa Phillip / Houston Chronicle) Photo: Melissa Phillip, Houston Chronicle

The change in the U.S. presidency will bring the collaboration and set of progressive policies needed to tackle the energy transition, Royal Dutch Shell Plc’s chief executive officer said.

President Donald Trump pulled the U.S. out of the Paris Agreement on global warming and railed back environmental protections while promising to keep the coal industry alive. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell Wants Its Oil Refineries to Make Things You Don’t Burn

Dec 3rd, 2020
by John Donovan.
No comments yet

Shell Wants Its Oil Refineries to Make Things You Don’t Burn

Bloomberg News: 2 December 2020, 07:51 GMT

  • Energy giant to focus on chemicals, lubricants and bitumen
  • Producer to eventually lower number of refineries from 14 to 6

Royal Dutch Shell Plc has a plan to reduce its carbon emissions — sell fewer products its customers can burn.

The European energy giant is reconfiguring — and shrinking — its refining and petrochemicals business to focus less on fuel that is combusted and emits greenhouse gases, and more on the chemicals, lubricants and bitumen that keep carbon trapped inside them, Huibert Vigeveno, the company’s downstream director, said in an interview at the BloombergNEF summit in Shanghai. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Nigerian Supreme Court Upholds Oil Spill Award Against Shell

Nov 30th, 2020
by John Donovan.
No comments yet

Nigerian Supreme Court Upholds Oil Spill Award Against Shell

Elisha Bala-Gbogbo: Last Updated Nov 30, 2020

Shell, the largest oil producer in Nigeria, have been beset by lawsuits involving the West African nation, many of them in courts in the Hague and the U.K.

EXTRACTS

Nigeria’s Supreme Court dismissed an application by Royal Dutch Shell Plc’s local unit to review a $467-million award for damages caused by an oil spill half a century ago. Justice Olabode Rhodes-Vivour led a five-member panel of the court Friday that unanimously dismissed Shell’s bid for lacking merit. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Green Is Good

Nov 22nd, 2020
by John Donovan.
No comments yet

Shell is undergoing a major restructuring which will also result in thousands of job losses.

Green Is Good for Power Traders Chasing $430 Billion Market

Lars Paulsson, Rachel Morison, and Jesper Starn: Published: Nov 22 2020, 10:30 AM: Last Updated:  Nov 22 2020, 1:53 PM

Extracts

Stricter climate targets are spurring investments in wind turbines, solar panels and battery systems, with Bloomberg Intelligence estimating the market may almost double in size in the next 10 years. With the European Union, U.K. and other governments increasingly turning their backs on fossil fuels, companies steeped in that business are looking over the horizon and seeing a new age of electricity. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

North Sea Neighbors on Opposite Ends of Shell’s Tax Bill

Nov 18th, 2020
by John Donovan.
No comments yet

North Sea Neighbors on Opposite Ends of Shell’s Tax Bill

By Laura Hurst: 17 November 2020, 11:21 GMT: Updated on 17 November 2020, 13:14 GMT

  • Energy giant gets money back from Britain for a second year
  • Norway, however, taps company for more than $1 billion

Royal Dutch Shell Plc pumps thousands of barrels of oil and gas from the North Sea every day. In Norway the energy major paid over a billion dollars in tax last year, but on the U.K. side, it got more than a hundred million dollars back.

The discrepancy reflects contrasting government policies and spending by the oil and gas giant. In Norway, Shell had an effective tax rate of 78%. In Britain, it paid no corporation tax because of losses tied to investments in new North Sea fields. It also earned rebates from dismantling old platforms in the region. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Dow Chemical, Shell Oil Sued Over Dirty Well Water Near Yosemite

Nov 11th, 2020
by John Donovan.
No comments yet

Dow Chemical, Shell Oil Sued Over Dirty Well Water Near Yosemite

Maeve Allsup Legal Reporter: Nov. 11, 2020, 12:00 AM The Dow Chemical Co. and Shell Oil Co. manufactured and sold soil additives containing a cancer-causing chemical without proper research and precautionary measures, which led to the contamination of certain wells in a county near California’s Yosemite National Park, a lawsuit filed Tuesday in San Francisco alleges.

Madera County seeks to recover costs to restore drinking water supply wells that it alleges are contaminated with 1,2,3-Trichloropropane, a chemical found in certain soil fumigants used to control worms that infest plant roots, the suit says.

TCP is an ingredient in products that were manufactured, marketed, and sold by the companies in…

FULL ARTICLE (PayWall)

COURT: Cal. Super. Ct.

COMPANY: The Dow Chemical Co., Shell Oil Co. (Bloomberg Law Subscription) read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

US Firm Funding Nigeria Litigation Against Eni and Shell

Oct 15th, 2020
by John Donovan.
No comments yet

US Firm Funding Nigeria Litigation Against Eni and Shell

Shell and Eni have been on trial in Milan since 2018.

by Bloomberg | William Clowes & Alberto Brambilla | Wednesday, October 14, 2020

(Bloomberg) — Eni SpA is seeking documents from a U.S. investment firm helping Nigeria sue it and Royal Dutch Shell Plc for more than $1 billion over an energy deal at the center of a criminal corruption trial.

Eni claims that “undisclosed interests” are driving the Nigerian government’s litigation strategy “at the expense of Eni’s contractual rights and the national interest of Nigeria.” The Italian oil company wants permission to subpoena information from the investment firm, Drumcliffe Partners LLC, to help its defense in the corruption trial in Milan, which Nigeria has joined as a civil party. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Covid-19 Is Big Oil’s Asteroid Strike

Oct 11th, 2020
by John Donovan.
No comments yet

Covid-19 Is Big Oil’s Asteroid Strike

By Julian Lee | Bloomberg: Oct. 11, 2020 at 1:54 p.m. GMT+1

Covid-19 may do for Big Oil what the Chicxulub asteroid did for the dinosaurs when it struck Earth 66 million years ago.

BP Plc plans to cut 10,000 jobs, equivalent to 14% of its workforce; Shell will shed 9,000 workers, or 11%; and Chevron will reduce its payroll by 6,000, a 13% reduction. 

Much like the “terrible lizards,” Big Oil was already in decline before the novel coronavirus hit. The world in which they thrived is changing around them and they face multiple threats to their future health. But the outbreak’s impact has accelerated the process. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Why Gazprom’s $7.6 Billion Nord Stream 2 Fine Is Just the Start

Oct 9th, 2020
by John Donovan.
No comments yet

Why Gazprom’s $7.6 Billion Nord Stream 2 Fine Is Just the Start

Stephanie Bodoni and Maciej Martewicz

Oct 9. 2020

(Bloomberg) — Poland’s antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline, opening a new front in the bitter political battle over the natural gas project. Wednesday’s surprise move raises a whole set of legal questions about the plan, which is teetering on the brink. What was the fine for? The antitrust authority said Gazprom and its partners, which which is teetering on the brink. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Why the World Worries About Russia’s Natural Gas Pipeline

Oct 8th, 2020
by John Donovan.
No comments yet

U.S. sanctions… forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels

Why the World Worries About Russia’s Natural Gas Pipeline

By Anna Shiryaevskaya and Dina Khrennikova | Bloomberg: Oct. 8, 2020 A natural gas pipeline being built under the Baltic Sea from Russia to the German coast is shaking up geopolitics. Nord Stream 2, as it’s called, fuels worries in the U.S. and other countries that the link could give the Kremlin new leverage over Germany and other NATO allies. As the project neared completion, U.S. sanctions and calls for European restrictions, as well as a Polish move to fine Russia’s Gazprom PJSC on antitrust grounds, have left the construction in limbo and ratcheted up political tensions.

1. What is Nord Stream 2?

It’s a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe — the original Nord Stream — which opened in 2011. Gazprom owns the joint Russian-European venture, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.2 billion) cost. Initially expected to come online by the end of 2019, the link has been delayed by U.S. sanctions that forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels. The pipeline operator is looking for solutions to lay the remaining 6% of the pipe, which includes construction work in Denmark’s waters. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell Shares Hit Lowest Point Since 1995

Oct 2nd, 2020
by John Donovan.
No comments yet

Shell Shares Hit Lowest Point Since 1995

by Bloomberg: Laura Hurst: Thursday, October 01, 2020

(Bloomberg) — Royal Dutch Shell Plc dropped to the lowest in 25 years a day after announcing a companywide overhaul, demonstrating the scale of the challenge the biggest oil companies face convincing investors about their green ambitions.

Along with its European peers, Shell is embarking on a transformation to become a cleaner, greener company with much fewer assets in oil by the middle of the century. While many investors have welcomed the new direction, others question a pivot into less-profitable renewables read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Climate Suit Against Shell Oil Can Proceed in R.I., Judge Rules

Sep 29th, 2020
by John Donovan.
No comments yet

Climate Suit Against Shell Oil Can Proceed in R.I., Judge Rules

  • Suit against Shell alleged it ignored climate change
  • Company had defended operations and infrastructure
Adrianne Appel Staff Correspondent Sept. 28, 2020, 6:57 PM: 

An environmental group’s lawsuit can go forward alleging that a Shell Oil Products U.S. oil terminal is vulnerable to climate change’s effects, a federal judge in Rhode Island ruled Monday.

The parties will now pursue the discovery process, marking the first time a private fossil fuel entity will need to fully answer for its knowledge of climate change and the risks it presents in a case involving climate adaptation, according to the Conservation Law Foundation, which filed the lawsuit. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

‘Stranded Assets’ Risk Rising With Climate Action and $40 Oil

Sep 18th, 2020
by John Donovan.
No comments yet

‘Stranded Assets’ Risk Rising With Climate Action and $40 Oil

By Laura Hurst | Bloomberg:

September 18, 2020 at 7:55 a.m. GMT+1

What had seemed like an abstract debate about leaving oil, gas and coal in the ground to fight climate change has suddenly become real. Environmental activists have long fought for lower fossil-fuel production. Now, with the pandemic crippling economies and reducing energy use and prices, drillers and miners are coming to grips with projects that are no longer viable. Some companies are even abandoning investments, leaving deposits worth billions of dollars in the ground to languish as so-called “stranded assets.” While environmentalists applaud, fund managers, banks and regulators worry that project financing could sour and collateral become worthless. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Countries Need to Invest $55 Trillion to Reach Emissions Target

Sep 17th, 2020
by John Donovan.
No comments yet

Countries Need to Invest $55 Trillion to Reach Emissions Target

By Rajesh Kumar Singh 16 September 2020, 15:39 BST: Updated on 17 September 2020, 07:17 BST

Global economies will need to invest as much as $55 trillion through the middle of the century to meet an emissions goal and contain warming of the planet, according to a report by a group of executives from energy-intensive companies including ArcelorMittal SA, BP Plc and Royal Dutch Shell Plc.

Reaching net-zero carbon emissions target by 2050 will require large-scale electrification of industries, buildings and transport, as well as the use of hydrogen and biofuels in areas that can’t be electrified, according to the Energy Transitions Commission. Using less energy to produce more and recycling material will aid the efforts. Building renewable power plants will take up a bulk of the estimated investment. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
← Earlier Posts Newer Posts →