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Big Oil Bids to Burnish Credentials in War on Climate Change

The world’s biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers. “We’re not going to be sitting back and say let’s see what society does and we’ll follow that,” said Ben van Beurden, chief executive officer of Royal Dutch Shell Plc. “We’re more than prepared to be assertive and lean forward and say: ‘This is what it takes.”’ Irked by a shareholder resolution that would force Europe’s largest oil company to create specific emissions targets, the CEO took the unusual step of engaging with five reporters on Monday about Shell’s vision for a decarbonized world. Not only is Shell implementing its own, much stronger, measures to manage the energy transition, according to Van Beurden, but it can also drag the rest of the world along with it. read more

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British firms advised to skip Russia summit

Some of Britain’s biggest companies have been urged to boycott Russia’s main annual business summit in St Petersburg next month, amid growing political tensions triggered by the poisoning of Sergei Skripal and his daughter.

Bob Dudley, BP’s chief executive; Ben van Beurden, the chief executive of Royal Dutch Shell; and a number of other UK executives attended the St Petersburg International Economic Forum last year.

The event, hosted by President Putin, is due to be held this year on May 24-26, three weeks before the country hosts the football World Cup. read more

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

Shell risks fury as chief executive Ben van Beurden reaps £7.9m windfall

Pay: Shell chief Ben van Beurden took home nearly £8 million last year Ben Stansall/AFP/Getty Images

ANGELA JAMESON: 

Shell’s chief executive Ben van Beurden took home a bumper pay package of €8.9 million (£7.9 million) in 2017, as the firm cashed in on recovering oil prices.

The oil giant risked fresh criticism over the payout, following a row with investors last year. 

They said the Dutch chief executive’s long-term incentives were disproportionate compared with peers’. 
 
Van Beurden received a €3 million annual bonus in 2017 on top of his €1.49 million salary. The chief executive also picked up  €4.02 million in long-term bonuses and incentives, according to the group’s annual report. FULL ARTICLE read more

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

Oil’s Seven Sisters Enter a ‘Golden Age’, Goldman Sachs Says

The world’s largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs Group Inc. said. Big Oil is in a sweet spot with rising oil prices and low operating costs, leaving them with the biggest cash-flow growth in two decades and boosting earnings, Goldman said in a report Monday. That will increase their attraction for investors after years of elevated spending followed by crude’s slump sent their weighting in global equity indexes to a 50-year low, according to the bank. FULL ARTICLE read more

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

In court, Big Oil rejected climate denial

In a California court case this week, Judge William Alsup asked the two sides to provide him a climate science tutorial. The plaintiffs are the coastal cities of San Francisco and Oakland. They’re suing five major oil companies (Chevron, ExxonMobil, Shell, ConocoPhillipsand BP) to pay for the cities’ costs to cope with the sea level rise caused by global warming. FULL ARTICLE

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

Auction of Oil Drilling Tracts in Gulf Draws Tepid Interest

HOUSTON — In a setback to Trump administration efforts to increase offshore oil production, the industry responded with only modest interest on Wednesday in a federal auction covering a record 77 million acres in the Gulf of Mexico. Companies bid on only 1 percent of the acreage, and the winning bids yielded a mere $125 million for the government. The results reflected broad uncertainty among oil executives that global oil prices can remain at current levels over $60 a barrel, as well as a general preference for drilling in onshore shale fields that require smaller investments and are less risky. FULL ARTICLE read more

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

U.S. judge to question Big Oil on climate change

David Levine: 21 MARCH 2018

SAN FRANCISCO (Reuters) – Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in global warming. The cities of San Francisco and Oakland, California sued Chevron Corp (CVX.N), Exxon Mobil Corp (XOM.N), ConocoPhillips (COP.N), Royal Dutch Shell PLC (RDSa.L), and BP PLC (BP.L) last year, seeking an abatement fund to help the cities address flooding they say is a result of climate change. FULL ARTICLE read more

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

Chevron Says Climate Change Lawsuit `Not Viable’ As It Prepares To Educate Judge On Science

Daniel Fisher: Writer and communications consultant and former senior editor with Forbes magazine; 21 March 2018

Five of the world’s largest oil and gas producers have filed a motion to dismiss a climate change lawsuit against them by the cities of Oakland and San Francisco even as they prepare to deliver an unusual “tutorial” on climate science to the federal judge overseeing the case. In a 45-page filing on Tuesday, Chevron, BP, ConocoPhillips, ExxonMobil and Royal Dutch Shell urged U.S. District Judge William Alsup to dismiss the lawsuit seeking billions of dollars to pay for costs associated with global warming. The oil companies argue the U.S. Supreme Court and the U.S. Court of Appeals for the Ninth Circuit have repeatedly rejected similar lawsuits against oil companies, the auto industry and electric utilities because Congress has given authority to regulate CO2 emissions exclusively to the Environmental Protection Agency. FULL ARTICLE read more

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

Hakluyt & Company and the Clinton/Trump scandals

Hakluyt & Company and the Clinton/Trump scandals

By John Donovan

Regular visitors to this website will be aware of my frequent references to the sinister London based spy firm Hakluyt & Co and its close connection with its ethically challenged client of more than two decades, Royal Dutch Shell.

Our own dealings with Hakluyt in relation to Shell undercover activity against us was so extraordinary that nothing about Hakluyt and its connections and activities would surprise us any more. read more

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

Coal is out and oil is fading, making natural gas the fossil fuel of choice

Royal Dutch Shell CEO Ben van Beurden speaks at the CERAWeek conference at the Hilton Americas, Wednesday, March 7, 2018, in Houston. (Photo: Karen Warren / Houston Chronicle)

Coal is too dirty. Oil is too messy. And renewables are too intermittent. But natural gas is just right. Energy companies of every stripe have fallen in love with the stepchild of fossil fuels. No longer considered an annoying byproduct of oil drilling, natural gas’ multiple applications and relative cleanliness guarantee it a place in the future energy mix. FULL ARTICLE read more

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

BP, Shell execs report surprise production boost from mature wells

|About: BP p.l.c. (BP)|By: , SA News Editor

  • BP CEO Bob Dudley has spent 38 years in the oil business, and he says has never seen anything like what happened with the company’s mature oil fields last year – their production increased.
  • Results across the industry were not as spectacular as BP’s but still impressive, executives and officials at the CERAWeek conference said this week; the International Energy Agency reported production from mature fields fell 5.7% last year, the smallest decline in at least a decade. FULL ARTICLE
  • read more

    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

    At energy summit, climate pits U.S. against Europe

    FILE PHOTO: Ben van Beurden, chief executive officer of Royal Dutch Shell, speaks during the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo

    Ron Bousso: 7 MARCH 2018

    HOUSTON (Reuters) – The U.S. energy secretary blasted renewable fuels champions on Wednesday while the head of Royal Dutch Shell Plc (RDSa.L) urged the energy sector to focus on global efforts to cut carbon emissions, reflecting a yawning trans-Atlantic gap on climate issues. Speaking at the CERAWeek conference in Houston, Shell CEO Ben van Beurden outlined an ambitious plan to reduce the Anglo-Dutch company’s carbon footprint and expand in renewables, and called on others to follow.  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 Next Oil Boom Will Be Fueled By Blockchain

    By Meredith Taylor – Feb 21, 2018, 6:00 PM CST

    Big Oil is due for a disruption.

    The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long.

    But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector.

    It’s official: Blockchain technology has infiltrated Big Oil.

    The hype behind blockchain has reached a full-blown frenzy. And for good reason.

    The technology, which creates secure ledgers for digital transactions and rapidly accelerates the pace at which transactions can be made, has the potential to disrupt every major industry: real estate, shipping, banking and healthcare. read more

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

    Big Oil’s Global Warming Case Could Hinge on Jurisdiction

    Borrowing from the playbook that won multibillion-dollar awards against Big Tobacco, five California cities and counties sued the oil giants last year, claiming they deceived the public for decades about the dangers of fossil fuel production.

     

    SAN FRANCISCO (CN) — The fate of five lawsuits seeking to hold the world’s biggest oil companies liable for global climate change hinges on a murky jurisdictional question that could get some cases booted out of federal court.

    For the past eight days, attorneys for more than a dozen oil companies urged two federal judges not to send lawsuits against them back to state court, where five California cities and counties sued Big Oil last year.

    “The extraordinary nature of these claims encompasses conduct across the globe,” the oil companies’ attorney Theodore Boutrous said in court Thursday. “We think the federal courts need to hear this, because it’s uniquely federal.” 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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