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‘With this ambition we embrace the Paris goals at Shell’

Marjan van Loon, CEO of Shell Nederland. Photo: Wiebe Kiestra for the FD

Printed below is an English translation of an article recently published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline ‘With this ambition we embrace the Paris goals at Shell’.

By Bert van Dijk  Energy Editor

Shell wants to drastically reduce its CO₂ footprint in the world. The CO₂ footprint must be halved in 2050 not only for its own activities, but also for the end-use of its products. That recently launched ambition is a world first. It is the first time that a large oil and gas company expresses such measurable climate ambitions.Marjan van Loon, CEO of Shell Netherlands. read more

Financieele Dagblad: Shell is fully committed to oil and gas from shale

Printed below is an English translation of an article published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Shell is fully committed to oil and gas from shale“.

By Bert van Dijk  Energy Editor

Shale gas and shale oil may then have a negative sound in Europe and hardly play a role, governments in the US, Canada, China and Argentina do see a lot of it. Shell hopes to benefit from this favorable investment climate in the coming years, especially now that the company has drastically reduced the costs of extracting shale gas and oil in recent years. read more

UPDATE 3-Singapore charges 11 men over Shell oil heist

By John Geddie and Henning Gloystein: JANUARY 9, 2018 / 3:11 AM

  • Police say 17 arrested for alleged oil theft, 11 charged

  • Shell is one of the biggest foreign investors in Singapore

  • Southeast Asia is seen as a hotspot of illegal oil trading (Adds details of times, location of incidents, maps)

SINGAPORE, Jan 9 (Reuters) – Eleven men were charged in a Singapore court on Tuesday over their part in an alleged oil theft at Shell’s biggest refinery, court documents showed.

Police in the island-state, Asia’s main oil trading hub, said earlier on Tuesday they had detained 17 men and seized millions of dollars in cash and a small tanker during their investigations into a theft at the Pulau Bukom industrial site.

Royal Dutch Shell Plc, which first reported the theft to authorities in August, said in a news release that the arrests included “a limited number of Shell employees” and that it anticipated “a short delay in the supply operations at Bukom.” read more

Why Trump’s Offshore Drilling Expansion Won’t Be So ‘Yuge’

…these are also the same waters unsuccessfully explored by Royal Dutch Shell in 2015, after which the company halted Arctic operations for the foreseeable future.

Sam Ori , Contributor: 

Interior Secretary Ryan Zinke released the Trump Administration’s long-awaited offshore drilling proposal last week. Once enacted, the plan will replace the existing leasing schedule, which was designed by the previous administration and had been set to run through 2022. New administrations are free to scrap the hold-over plans of prior administrations, and anyone who followed the 2016 presidential campaign knew that President Trump had a dramatically different view of offshore energy development than his predecessor. FULL ARTICLE read more

Magnitude 3.4 tremor at Groningen gas field

AMSTERDAM, Jan 8 (Reuters) – The Dutch minister for the economy said on Monday that output at the large Groningen gas field should be reduced “by as much as possible” during the current government term through 2021.

Eric Wiebes made the comment following a magnitude 3.4 tremor earlier on Monday that was the largest in recent years.

Dozens of earthquakes every year, resulting from decades of gas extraction, have caused damage to thousands of buildings and homes and prompted a dramatic shift in government policy now aimed at capping output. read more

17 men arrested for taking fuel from Shell, $3.05 million in cash seized

The men are suspected of misappropriating fuel from Shell’s Pulau Bukom manufacturing site.ST PHOTO: ALPHONSUS CHERN

The spokesman added that all Shell employees are expected to comply with the company’s code of conduct and to uphold the highest standards of ethical behaviour. “Breaches are not tolerated and carry serious consequences, up to and including dismissal,” said the spokesman.

Lydia Lam and Lim Min Zhang: Monday 8 Jan 2018

SINGAPORE – Seventeen men have been arrested for misappropriating fuel from Shell Singapore, the police said in a statement on Monday (Jan 8).

The men, aged between 30 and 63, are suspected of misappropriating fuel from Shell’s Pulau Bukom manufacturing site.

Shell Singapore had lodged a report in August last year. The police conducted extensive investigations and probes. read more

Big Oil Finds Hurdles Buried in Trump’s ‘America-First’ Tax Plan

For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas. Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other changes that are less of a boon. BP Plc and Royal Dutch Shell Plc offered a preview recently, saying they may write off as much as $4 billion in tax assets as a result.

Caps on debt-interest payments and cuts to deductions from previous years’ losses may hurt companies building capital-intensive projects with borrowed money. And other provisions, including time limits on expensing exploration, could hem in drillers with long-term projects, including Exxon Mobil Corp. and Chevron Corp. That may also give an edge to domestic shale production. FULL ARTICLE read more

U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

Ernest Sheyder and Valerie Volcovici

HOUSTON/WASHINGTON (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. “The eastern Gulf of Mexico could be very attractive to industry because of the proximity to existing infrastructure in the central and western Gulf of Mexico,” the National Ocean Industries Association, which represents the offshore oil and gas industry, said in a statement. FULL ARTICLE read more

Shell share price: Group’s future growth to depend on shale

Oil major’s disposals continue with stake in Dutch wind farm

by Tsveta ZikolovaMonday, 08 Jan 2018, 08:58 GMT

The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.

Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points. read more

Shell Chief Van Beurden Favours Shale For Future Growth – FT

  Mon, 8th Jan 2018 07:34 LONDON (Alliance News) – Royal Dutch Shell PLC Chief Executive Ben van Beurden said the company’s growth in the next decade will depend on shale production, the Financial Times reported Sunday.

According to the newspaper, van Beurden sees “chemicals, electricity and biofuels as key sectors for Shell’s long-term future”. Depending on the price of oil in the 2020s, the CEO said, the oil major would probably want to continue investing in shale “because we will really want to grow this business quite quickly”.

Van Beurden said Shell has been working hard in the past few years to reduce shale production costs, and with “a little bit of help from the oil price going up, we now see that we can significantly accelerate investment into this opportunity”. read more

‘Why we will never allow firm to resume oil production’

On:

The National Coordinator of Ken Saro-Wiwa Associates, Chief Gani Topba, has disclosed why Ogoni people will never allow Robo-Michael Ltd to resume oil production in Ogoniland’s four local governments of Khana, Gokana, Tai and Eleme. He accused the oil company of lack of capacity, while its association with Shell Petroleum Development Company of Nigeria Limited (SPDC) and Nigerian Petroleum Development Company (NPDC), the oil production arm of Nigerian National Petroleum Company (NNPC), would be to its disadvantage. Topba said SPDC would not be allowed to return to Ogoni through the backdoor. FULL ARTICLE read more

Shell sells partial stake in Dutch wind farm to Germany’s Partners Group

JANUARY 8, 2018 / 8:03 AM

AMSTERDAM, Jan 8 (Reuters) – Swiss investor Partners Group Holding AG said on Monday it had taken a 45 percent stake in a 700 megawatt (MW) offshore wind project in the Netherlands, buying partial stakes from Shell, Mitsubishi and Eneco. FULL ARTICLE

Dutch Court Upholds $5.2 Billion Asset Freeze On Kazakhstan Oil Field

Frozen Assets Securing a $520 Million Award Against Republic of Kazakhstan 

NEW YORK, Jan. 8, 2018 /PRNewswire/ — On January 5, 2018, Amsterdam District Court issued a judgment (the “Judgment”) in which it upheld an earlier ex parte attachment granted by the same court on September 8, 2017 to Anatolie Stati, Gabriel Stati, Ascom Group S.A. and Terra Raf Trans Traiding Ltd (together, the “Stati Parties”) with respect to the Republic of Kazakhstan’sshareholding in the Dutch entity KMG Kashagan B.V. (“Kashagan”) which shareholding is held via the Kazakh sovereign wealth fund Samruk-Kazyna (“Samruk”).  Through its stake in Kashagan, which has a nominal value of approximately US$5.2 billion, the Kazakh State participates in the international consortium relating to the Kashagan oilfield, one of the largest offshore oilfields in the Caspian Sea. Other members of the consortium include Eni, Royal Dutch Shell, Total, ExxonMobil, China National Petroleum Corporation and Inpex. FULL ARTICLE read more

Shell looks to shale production for rapid growth

in New York: Sunday 7 Jan 2018

The growth of Royal Dutch Shell’s oil and gas operations in the next decade will depend on shale production, its chief executive has said, in the latest sign of western energy groups pinning their hopes for expansion on those “unconventional” resources. Ben van Beurden told the Financial Times that he saw chemicals, electricity and biofuels as key sectors for Shell’s long-term futureFULL FT ARTICLE

Sanitised family history of Allseas Pioneering Spirit billionaire, Edward Heerema

By John Donovan

Printed below is an English translation of an article published this weekend on their website by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Stubborn and contrarian in all its fibers“.

It is presented as being a conversation with the sinister billionaire Edward Heerema about various subjects, including the worlds biggest ship – the Pioneering Spirit – and his late father, Pieter Schelte Heerema (SS officer right). read more

Ogonis Protest In Abuja Against Shell, NNPC

Friday 5 Jan 2018

The entrance to the corporate headquarters of the Nigerian National Petroleum Corporation (NNPC) in Abuja was on Thursday barricaded, as persons said to be representing the Ogoni people of rivers state staged what they called a non-violent protest against Shell and NNPC.

They accused both Shell and NNPC of using undercover tactics to resume oil production in the area.

It is the 2018 Ogoni day celebration and the people say they have chosen the day to protest against perceived marginalisation by shell and the NNPC. read more

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