REUTERS

EXCLUSIVE Shell hits oil and gas in Namibian offshore well

CNBC

Shell’s massive carbon capture facility in Canada emits far more than it captures, study says

• The “Quest” plant in Alberta, Canada, owned by oil giant Shell, has previously been touted as a “thriving example” of how CCS is working to significantly reduce carbon emissions.
• However, an investigation by watchdog group Global Witness, showed that while 5 million tons of carbon dioxide had been prevented from escaping into the atmosphere at the plant since 2015, it released a further 7.5 million tons of greenhouse gases over the same period.
• In response, a spokesperson for Shell told CNBC via email that the analysis was “simply wrong.”

One of the only facilities in the world that uses carbon capture and storage technology (CCS) to reduce the emissions of hydrogen production has been found to emit far more greenhouse gas emissions than it captures.

The Quest plant in Alberta, Canada, owned by oil giant Shell and designed to capture carbon emissions from oil sands operations and safely store them underground, has previously been touted as a “thriving example” of how CCS is working to significantly reduce carbon emissions. read more

skynews

Embattled Johnson assembles new slate of business advisors

Mark Kleinman: City editor @MarkKleinmanSky: Monday 24 January 2022 17:03, UK

The bosses of some of Britain’s biggest companies have been invited to advise Boris Johnson amid suggestions that some executives are taking a more cautious approach to an affiliation with the embattled prime minister.

Among those sounded out about joining the new council are Ben van Beurden, the Shell chief executive; Dawid Konotey-Ahulu, the founder of Redington, a pensions and insurance advisory firm; and Anita Frew, the Rolls-Royce chair. read more

“Shell Broadband Erratic speeds, Constant drop outs and disconnections, Abhorrent customer service”

24 Jan 2022

The content above and below is sourced from current customer reviews of Shell Energy and Shell Broadband published on Trustpilot.

Broadband Review – Simply Terrible

Shell might be slightly cheaper but my god do you get what you pay for….

– Erratic speeds, very rarely as advertised
– Constant drop outs and disconnections
– Abhorrent customer service read more

24 Jan 2022

The content below is sourced from current customer reviews of Shell Energy and Shell Broadband published on Trustpilot.

Can’t fix their own mistakes

I moved home and left Shell. My bill has been incorrect for 6 weeks. I explained I would not pay my final bill until it is corrected.

I have phoned multiple times, spent hours of my personal time to proactively solve this. Despite several promises from multiple agents my bill has never been updated.

I am now being threatened with debt collectors and damage to my credit rating. I have ran out of time and energy and am just going to pay the bill. Terrible performance and a company I will never go with again no matter the cost. read more

Shell Energy Broadband Reviews recently posted on broadband.co.uk

“Absolutely awful. Speed is poor 8mbps, frequent cut outs, can’t use Netflix, Eurosport or Player…”: “Zero review as find this company terrible…”

Posted 24 Jan 2022

Reviewer: Paul: Location Whitstable: Date 2022-01-20

Comments

Avoid at all costs. They have onerous terms and conditions (small print) which they use for hidden charges. Expect to pay more!

Reviewer Andrew Williams: Location – Redditch: Date 2022-01-19 read more

allAfrica.com

Nigeria: Bonga Oil Spill Victims Urge Shell to Pay $3.4bn NOSDRA Fine

Leadership (Abuja)

By Anayo Onukwugha: 24 Jan 2022

Victims of the 2011 Bonga oil spill have demanded that Shell Nigeria Exploration and Production Company (SNEPCO) should immediately pay the sum of $3.4billion fines and awards to them as imposed by the National Oil Spill Detection and Response Agency (NOSDRA).

“We demand on behalf of all the victims of the Shell (SNEPCO) Bonga Oil Spill which is rated globally as one of the most devastating, that Shell pay immediately the fines/awards of $3.4billion imposed on it by the National Oil Spill Detection and Response Agency (NOSDRA) which fines/awards were upheld both by the National Assembly through the House Committee on Environment and a competent court of the land -the Federal High Court in Lagos. read more

The Guardian

Oil industry board members to testify to Congress on climate disinformation

Officials from Exxon, Shell, Chevron and BP have been summoned to appear before the House oversight committee in February

Reuters: Fri 21 Jan 2022 14.34 GMT

A US congressional committee has invited board members at four large oil companies to testify in February about the industry’s role in the climate crisis and spreading “disinformation”, turning up the heat on big oil after lawmakers grilled their CEOs last year. read more

Bloomberg

Shell Officially Drops ‘Royal Dutch’ From Name After Relocation

By Laura Hurst: 21 January 2022, 17:28 GMT

Shell Plc has dropped “Royal Dutch” from its name, part of a major overhaul of its legal and tax structure announced in December.

The energy giant officially changed its name on Friday, according to a statement, following earlier approvals from its shareholders and board of directors.

Shell’s overhaul involves integrating its dual-share structure into a single line of shares and relocating its headquarters to London. The changes will only involve about a dozen executives – including Chief Executive Officer Ben van Beurden and Chief Financial Officer Jessica Uhl — moving to the U.K. capital. read more

CNBC

Royal Dutch no more — Shell officially changes name

• The London and Amsterdam stock exchanges will reflect the name change on Jan. 25 while the New York Stock Exchange will follow on Jan. 31.
• The change will not affect share ownership.
• The shares will follow a single line of ordinary shares on Jan. 29.

Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain.

“Shell announced the Board’s decision to change its name to Shell plc on December 20, 2021. This change has now taken effect,” Shell said in a filing.

The London and Amsterdam stock exchanges will reflect the name change on Jan. 25 while the New York Stock Exchange will follow on Jan. 31. read more

Royal Dutch Shell plc changes its name to Shell plc

January 21, 2022 12:10 ET | Source: Shell International B.V.

LONDON, January 21, 2022

Shell plc (Shell) today confirmed its name has changed from Royal Dutch Shell plc to Shell plc.

Shell announced the Board’s decision to change its name to Shell plc on December 20, 2021. This change has now taken effect.

Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange have been informed of this name change and it is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change of name on Tuesday January 25, 2022, while the New York Stock Exchange will follow on Monday January 31, 2022. read more

Shell’s carbon capture project emits more GHG than it sequesters

NGO Global Witness reports that Shell’s Quest carbon capture project in Canada is pushing more greenhouse gases (GHG) into the atmosphere than it is capturing.

One of the few fossil hydrogen plants in the world to use a carbon capture system, Quest is a carbon capture and storage project at a hydrogen plant run by Shell on behalf of the Athabasca Oil Sands Project. It opened in 2015 and according to Shell’s website has captured and stored more than five million tonnes of CO2. read more

BNN Bloomberg

Shell Appeals $2 Billion Judgment in Nigeria Pollution Case

William Clowes, Bloomberg News: 20 Jan 2022

(Bloomberg) — A Nigerian court will hear Royal Dutch Shell Plc’s appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country.

The energy giant is challenging a November 2020 judgment in favor of community members claiming a leak from a company pipeline damaged their land and waterways. A federal court of appeal in the city of Owerri is scheduled to consider applications from both sides on Jan. 25, according to a lawyer for the plaintiffs. read more

Go faster, be bolder”: setting the pace at Shell

CEO Ben van Beurden talks about the year just gone, the year to come and why Shell must speed up its transformation.

By Joanna Wrighton and Rob van’t Wel on Jan 20, 2022

It was another extraordinary year for Shell. What were the highlights of 2021 for you?

The launch of our Powering Progress strategy was a huge moment. It’s the most complete and clearest articulation of our strategy in Shell’s recent history. It includes ambitious goals for shareholders, for action on carbon emissions, for people and for the environment. Powering Progress also sets the most ambitious targets in our industry to reduce emissions. read more

-By Zik Gbemre

RENEWED SHELL DIVESTMENT OF ONSHORE ASSETS: NOTHING TO CHEER ABOUT

• Insecurity is the single challenge pushing Shell and other multinationals out of the dreadful Nigerian investment climate.
• It’s hypocritical of the President and Governors of the Niger Delta to go about the world begging for foreign investors when those already established are exiting the country.
• Even for a developed economy like Russia, Putin had to step in to restrain Shell’s threat to leave the disunited Soviet Union at war with breakaway nations.

Insecurity was the biggest challenge that forced Shell to start divesting its onshore assets in the Niger-Delta, starting with stakes in Delta state in 1999.

Due to large scale youth violence encouraged by Chief James Ibori, tribal wars, ceaseless oil theft and communal disturbances, climaxing in a deliberate attempt by Governor Ibori successor cousin, Emmanuel Uduaghan’s desperation to buy some of the key assets provided the impetus for Shell’s gradual exit from Delta. read more

London Evening Standard

Shell CEO Ben Van Beurden: Carbon emissions court ruling was ‘body blow’

By Simon Freeman: 20 Jan 2022
ROYAL DUTCH SHELL’s CEO Ben van Beurden today described a court ruling from The Hague ordering faster, deeper cuts to the company’s carbon emissions as a “body blow”.

In comments likely to provoke controversy among green activists, he said: “I was listening at home as the judge gave her verdict. It felt like a body blow.

“I found it deeply troubling that Shell as a single business should be held accountable for how the world produces and uses energy.” read more