Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Royal Dutch Shell Plc’

Shell commissions new oil-production vessel in UK North Sea field

Royal Dutch Shell plans to build its first major oil-production vessel in the northern U.K. North Sea in almost three decades, in an effort to redevelop the Penguins oil and gas field, the company said Monday. Shell believes the floating production, storage and offloading vessel will pump 45,000 barrels of oil equivalent a day from the Penguins field at its peak, and that it could break even on its investment even if oil prices slide below $40 a barrel. FULL ARTICLE read more

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

Shell ventures back into solar

Ron Bousso: 15 JAN 2018

LONDON (Reuters) – Royal Dutch Shell agreed on Monday to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business.

The Anglo-Dutch company also gave the green light for its first major new project in the North Sea in six years, signaling a cautious return to spending following three years of belt tightening in the face of lower oil prices.

Shell agreed to buy a 43.86 percent stake in Silicon Ranch Corporation from funds linked to Partners Group for up to $217 million. It follows on the heels of British rival BP, which last month also re-entered the solar sector with the $200 million investment in Lightsource. read more

Shell agrees to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu

REUTERS STAFF: JANUARY 15, 2018 / 2:19 PM /

DUBAI (Reuters) – Royal Dutch Shell has agreed to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu, a Shell spokesman said on Monday.

“Itochu and Shell have reached agreement on the sale of Shell’s interest in the West Qurna 1 oilfield and are now working to secure all the necessary approvals from the government of Iraq,” the spokesman said. “Details of the discussions are commercially confidential.”

Iraq has approved the sale by Shell of its 20 percent stake in the West Qurna 1 oilfield to Itochu, a senior Iraqi oil official told Reuters last week. read more

Shell delivers ‘significant boost’ with Penguins call, Scottish Government says

Shell’s redevelopment of a North Sea field will deliver a “significant boost” to north-east communities, the Scottish Government said. read more

Shell OKs first UK North Sea project in six years

Ron Rousso: JAN 15, 2018

LONDON (Reuters) – Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in the ageing basin in six years. Shell said the development, which includes the construction of a floating production, storage and offloading (FPSO) vessel, reaffirmed the Anglo-Dutch company’s commitment to the region after it sold around half of its assets there last year. “Penguins demonstrates the importance of Shell’s North Sea assets to the company’s upstream portfolio,” said Andy Brown, director of Shell’s oil and gas production, known as upstream. FULL ARTICLE read more

DUTCH PRIME MINISTER RUTTE BLAMES HIMSELF FOR DELAY IN A DAMAGE PROTOCOL FOR GRONINGEN GAS SEEPAGE VICTIMS  

Printed below is an English translation of an article published today by the Dutch equivalent of the Financial Times, Financieele Dagblad

DUTCH PRIME MINISTER RUTTE BLAMES HIMSELF FOR DELAY IN A DAMAGE PROTOCOL FOR GRONINGEN GAS SEEPAGE VICTIMS

From our editor • Economics & Politics

Dutch Prime Minister Rutte: ‘Time taken to form new cabinet is the cause of delay in new damage protocol for Groningen gas field’

The long time taken for cabinet formation has ensured that there is still no damage protocol for the victims of the gas seepage in Groningen Prime Minister Rutte said in the Buitenhof program on Sunday.

Because Rutte is ultimately responsible as prime minister, he also blames himself for the delay. “As prime minister, I am the first person to speak.” read more

Singapore files more charges against Shell oil theft suspects

Fathin Ungku: JAN 15, 2018

SINGAPORE (Reuters) – A Singapore court on Monday filed additional charges against nine men accused in a large-scale oil theft at Shell’s biggest refinery, the latest development in an extensive investigation in the city-state.

The nine Singaporean men, eight of whom were employees of the Singapore subsidiary of Royal Dutch Shell Plc, faced initial charges in court last week alongside two Vietnamese nationals, who are due at court on Tuesday.

At least one additional charge was brought against each of the Singaporean men on Monday, court documents showed. read more

SHELL DEFAMATION PROCEEDINGS AGAINST SHELL WHISTLEBLOWER DR JOHN HUONG

Extracts from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

(BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

Shell Production Geologist turned whistleblower, Dr. John Huong

From pages 51 & 52

Extracts Begin

SHELL DEFAMATION PROCEEDINGS INVOLVING OUR WEBSITE

In June 2004, we published information supplied to us by Dr. John Huong, a Shell Malaysia Production Geologist who had worked for the company for decades. He was probably the first Shell employee to blow the whistle internally on the Shell reserves fraud, described on BBC TV as the biggest fraud in history.

I put Dr. Huong into contact with the New York lawyers acting for the lead plaintiffs in a related Shell shareholder class action in which our website played an important facilitating role. read more

Nigeria Should Not Do to Ogonis Today, What Was Done to Ken Saro-Wiwa

MOSOP STATEMENT

Nigeria Should Not Do to Ogonis Today, What Was Done to Ken Saro-Wiwa

The Movement for the Survival of the Ogoni People (MOSOP) urges the Nigerian government to put a stop to the constant human rights violations by Shell, *********** Limited and other oil prospecting firms who now use Nigerian soldiers against local resistance to force the resumption of oil production in Ogoniland. MOSOP is worried that this trend appears to be a replication of the civil crisis’s engineered by the government of General Sani Abacha, which eventually led to the hanging of our leaders in 1995. MOSOP is disturbed that despite repeated complaints, the government of Nigeria remains indifferent to the yearnings of the Ogoni people for the protection of their rights to a decent living, the rights to a dignified life and a safe environment and the political rights to self determination within Nigeria.

We call on the Nigerian government not to do to today’s Ogonis, what she did to Ken Saro-Wiwa and 8 others which led to the unjustified hangings on November 10, 1995 and the killing of over 4,000 Ogoni protestors between 1993 and 1999.

While we re-affirm our commitment to our demands for environmental, political and economic rights especially the political rights to self determination, which is currently enjoyed by other ethnic groups in Nigeria, we remain open to discussions that can resolve the protracted injustice against our people. read more

What happens to Europe’s biggest gas field?

Bloomberg/London: January 13 2018 10:31 PM

Flows from the Groningen field in the Netherlands has fallen gradually in a bid to stop earthquakes triggered by extracting the fuel.

While the current annual production cap of 21.6bn cubic meters remains, the Council of State, the nation’s highest administrative court, in November gave the government a year to come up with a new plan.

More quakes could spur more drastic measures. On January 8, Groningen was hit by the region’s biggest tremor in more than five years. read more

Singapore charges three more suspects in Shell refinery oil heist

Police have seized millions of dollars in cash…

JOHN GEDDIE: JAN 13, 2018

SINGAPORE (Reuters) – A Singapore court on Saturday charged three men suspected of involvement in large-scale oil theft at Shell’s biggest refinery, days after bringing charges against 11 under an extensive probe by authorities in the city state.

The Singapore subsidiary of Royal Dutch Shell Plc first contacted the authorities in August 2017 about theft at its Pulau Bukom industrial site, just south of the country’s main island.

Police have seized millions of dollars in cash and a small tanker in the sting operation involving simultaneous raids across Singapore, one of the world’s most important oil trading centers and a major refinery hub. read more

NAM €265 BILLION REVENUE FROM GRONINGEN GAS: THEN THE EARTHQUAKES CAME

Once good for 20% of the government revenue and extra influence in Europe, now a national blight: the natural gas extraction in Groningen. The crane is getting closer and closer. But when the earth stops shaking, nobody knows.

€ 265 billion: Total revenue from Dutch natural gas revenues in the period 1960-2013 amounted to approximately € 265 billion.

The Groningen field was a jewel in the Shell portfolio.

Printed below is an English translation of an article published today by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline: 

If you produce gas, you do not actually have to do anything

By Carel Grol

Harry Klevering (68) can still remember the arrival of the gas. About eight years old, he was the youngest of a family of thirteen from the Groningen village of Spijk, when the gas bubble was discovered in Slochteren in the late 1950s. Soon after, the Dutch Petroleum Company (NAM) visited his house, the company that still lives a life later on gas. To install free gas pipes. Tightly over the plinth, even though the tubes were plastic.

This Tuesday afternoon Klevering is in the office of Centrum Veilig Wonen in Loppersum. He just reported damage. He has lived in the same house for 24 years. Red bricks with a pointed roof, on the water. It is the second time that he has suffered damage. On Tuesday there were two explosions and then it felt like the house was falling. read more

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

‘Shell is considering bidding for Dutch green energy group Eneco’

Anglo-Dutch oil and gas group Shell is making preparations to bid for green energy firm Eneco whose owners, made up of 53 local councils, are divided about its future, the Telegraaf said on Friday. At the same time, a dispute between the local authority shareholders and the company’s board is threatening to slow down the sale process, the paper said. FULL ARTICLE

NIGER DELTA FISHERMEN ORGANIZATION ACCUSE SHELL OF ILLEGAL BUNKERING CONSPIRACY

There is great anger in Bonny that SPDC is taking the silence of Bonny people for cowardice, a good number of indigenes are gearing up to confront the multinational oil and gas giant…

The Organization of Fishermen Seafood Dealers and Farmers in Niger Delta (OFSDF/ND) have accused multinational oil giant Shell Petroleum Development Company, SPDC of playing a fundamental role in encouraging and aiding the high spate of illegal bunkering around the Oloma axis of Bonny in Rivers state. Following the shoddy pipeline clamping job and company’s refusal to destroy or evacuate illegal bunkering equipment within their pipeline facilities sabotaged by local refiners

Spokesperson for the OFSDF/ND, Mrs Preye Okosi, made this assertion in a letter written to the Amanyanabo of Bonny Kingdom, His Majesty King Edward Asimini William Dappa Pepple, demanding that Shell must return to the site and complete the inconclusive clamping jobs and ensure the destruction/clearance of illegal bunkering equipment within the Oloma, Ogbonga and Berger axis, or risk stoppage of all her activities in the area. read more

%d bloggers like this: