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Posts under ‘Total’

Big Oil Follows Silicon Valley Into Backing Green Energy Firms

Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy. From Royal Dutch Shell Plc to Total SA and Exxon Mobil Corp., the biggest investor-owned oil companies are dribbling money into ventures probing the edge of energy technologies. The investments go beyond wind and solar power into projects that improve electricity grids and brew new fuels from renewable resources. read more

Shell Prepares For A Different Energy Reality

: 14 August 2017

Summary

  • This summer has seen the governments of several of the world’s major economies propose to eliminate internal combustion engine vehicles over the next 10-30 years.
  • At the same time, Royal Dutch Shell announced several major clean energy investments over the summer in anticipation of a drop-off in petroleum demand.
  • This article looks at how Shell’s clean energy investments fit into its energy profile forecasts compared to its peers. MAIN ARTICLE
  • read more

    Oil Companies at Last See Path to Profits After Painful Spell

    ABERDEEN, Scotland — This port city built of granite on the North Sea has taken a battering in recent years. Plunging oil prices hit the petroleum industry, which dominates the economy. Tens of thousands of jobs were slashed. Projects worth billions of dollars were sent back to the drawing board. Oil executives here now speak with a relief similar to survivors of a fierce storm. When oil prices fell, the industry scrambled to adjust. It initially relied on tried-and-true tactics: cutting jobs and investment. But then companies realized they had to go further, starting a far-reaching reworking of their businesses to embrace new technologies and construction methods to stretch each dollar just a little more. The result has been drastically lower operating costs and higher cash flows. Learning to live in a weaker oil price environment gives them upside if prices firm up. This shift was borne out in recent days as major oil companies, including Chevron, Exxon Mobil, Royal Dutch Shelland Total, reported much healthier results. FULL ARTICLE read more

    Europe’s Oil Giants Recover From Three-Year Slump

    After false dawn, Big Oil to double down on cost cuts

    The majors, often dubbed Big Oil, have already been through tough spending cuts since a collapse in crude prices since mid-2014 from above $100. They have shed thousands of jobs, scrapped projects, sold assets and squeezed service costs.

    FULL ARTICLE

    Oil Thieves Force Nigerian Pumping Station To Shutter

    Oil thieves are bringing Nigerian crude oil pumping stations to their knees, according to a new report from World Oil.

    FULL ARTICLE

    Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate

    As much as 30 percent of the oil sent by pipelines through the swampy Niger River delta is stolen… The 60,000-barrel-a-day flow station, owned by Royal Dutch Shell Plc’s Nigerian unit and idle for most of June, illustrates the nation’s struggle to restore deliveries of its most vital resource. Even after the government quelled a militant uprising that sent production to a 30-year low last August, smaller-scale sabotage caused by people trying to steal oil remains rife.

    FULL ARTICLE BY PAUL WALLACE read more

    Shell News 17 July 2017

    Shell to operate fast charging at selected Shell stations in the Netherlands and in the United Kingdom: Automotive World: 17 July 2017 read more

    Shell News Update 5 July 2017

    Qatar signals LNG price war for market share in Asia: Reuters: 5 July 2017

    U.S. and European oil majors such as Royal Dutch Shell and Chevron have invested huge sums over the last decade – often more than they have spent on oil – in an attempt to dominate the LNG market, especially through mega-projects in Australia such as Chevron’s Gorgon or Shell’s Prelude.

    Oil majors lost $115 billion in market value since April: OilPrice.com: 5 July 2017

    ExxonMobil, Chevron, Total, Royal Dutch Shell, and British Petroleum are the five biggest players on the index, which includes 85 other majors. Together, they have lost $115 billion in market value since the beginning of April, Bloomberg reports, according to World Oil. read more

    Shell Plans in Iran

    Total Plows Into Iran, Leaving Shell, BP on Sidelines: Fox Business: 3 July 2017

    Total was in a stronger position to make a deal than competitors like Royal Dutch Shell PLC, which has long eyed going back into Iran. BP PLC, which helped build the Iranian oil industry, remains on the sidelines.

    Iran’s Gas Wealth Lures Total to Take Dose of Political Risk: 4 July 2017

    “There are a lot of companies that want to come back in Iran, including Shell and Eni,” Ahmed Ben Salem, an analyst at Oddo Securities, said by phone. “Being a first mover in the area, having kept its office open, is very well regarded by local authorities. Total will be well placed to benefit from potential new projects.” read more

    Further Shell News Update 27 June 2017

    Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands: Bloomberg: 27 June 2017

    Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. ConocoPhillips and Royal Dutch Shell Plc are leading the exodus amid a bear market for crude.

    Big Oil: Surviving at $40, Thriving at $60: Barron’s: 26 June 2017

    The price of oil is rising today, but that hasn’t helped oil stocks like ExxonMobil (XOM), Chevron (CVX), Total (TOT), and Royal Dutch Shell (RDS.A), which remain little changed or under pressure. We expect companies to continue pulling on all operational and financial levers in order to adjust to the oil price reality… read more

    New Shell finance boss says North Sea remains important to oil and gas giant

    MARK WILLIAMSON: 5 MAY 2017

    ROYAL Dutch Shell’s new finance chief has said the company will continue to invest in the North Sea where it is making good returns but declined to rule out selling off more UK assets.

    Speaking after Shell posted a 140 per cent increase in first quarter profits, Jessica Uhl said the North Sea remains important to the firm although rationalisation moves will leave it with a much reduced presence in the area.

    The oil and gas giant agreed in January to sell a portfolio of mature assets which account for around half its UK production to Chrysaor for up to $3.8 billion. read more

    Royal Dutch Shell Hydrogen News

    Links below to some of the current news stories posted on our sister website royaldutchshellgroup.com covering, among other developments, Shell’s participation along with Total and other members, in a hydrogen council planning to invest (within 5 years) 10 billion euros ($10.7 billion) in hydrogen-related products.

    There is also news of Nigerian government litigation against Shell, with a court date announced for a $406.7 million claim against the oil giant.

    Toyota, Shell Among Giants Betting $10.7 Billion on Hydrogen read more

    Shell Expected to Sign Iran Oil Deal Despite Uncertainty Over Trump

    Update: Shell Signs Preliminary Iran Oil Deal Despite Uncertainty Over Trump

    By BENOIT FAUCON and SARAH KENT: U

    LONDON— Royal Dutch Shell PLC on Wednesday said it had signed a memorandum of understanding with Iran’s state oil company to explore future ventures, signaling that giant energy companies won’t be deterred by President-elect Donald Trump’s pledge to undo the Iran nuclear deal.

    Shell is the largest company to wade back into Iran since the U.S. and other world powers lifted sanctions in January in exchange for Tehran’s agreement to strict limits on its nuclear program. The British-Dutch firm follows Total SA of France, which last month signed a $4.8 billion deal to develop a large gas field in Iran and is negotiating for an oil deal now. read more

    Shell, Total to sign oil deals with Iran

    Dec. 7, 2016 5:48 AM ET| By: Yoel Minkoff, SA News Editor

    Royal Dutch Shell (RDS.A, RDS.B) and Total (NYSE:TOT) will signinitial agreements today to develop oil and gas fields in Iran, in the first European petroleum deals in the country since sanctions eased earlier this year.

    But the plans open both companies to potential risks from the incoming Trump administration.

    Though Total is French and Shell is jointly headquartered in London and The Hague, both companies have substantial American operations. read more

    Shell and Total Said to Sign Initial Oil Deals With Iran

    by Hashem Kalantari , Sam Wilkin , and Golnar Motevalli

    December 7, 2016 — 2:12 AM EST: Updated December 7, 2016 — 9:39 AM EST

    Royal Dutch Shell Plc signed an agreement to assess three of Iran’s largest oil and gas fields as OPEC’s third-biggest producer looks to boost output with the help of international companies.

    Shell signed a memorandum of understanding to evaluate the Azadegan and Yadavaran oil fields near the Iraqi border, and the Kish gas deposit in the Persian Gulf, Gholam-Reza Manouchehri, deputy director of the National Iranian Oil Co., said at a signing ceremony in Tehran on Wednesday. read more

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