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Royal Dutch Shell News 15 Feb 2019: 7 articles

Updated 1819 GMT (0219 HKT) February 15, 2019

London (CNN Business)Royal Dutch Shell is making a bet on home battery storage as it tries to boost its sustainable energy business. The oil giant announced Friday that it has purchased Sonnen, a German startup that makes residential battery systems that store energy generated from solar panels. The move puts Shell in direct competition with companies such as Samsung (SSNLF), LG (LPL) and Tesla (TSLA), which makes a home battery system called the Powerwall. Full Article

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FEBRUARY 15, 2019

FRANKFURT (Reuters) – Royal Dutch Shell has agreed to buy German residential solar battery maker sonnen, as the oil and gas major expands its electricity business in its bid for a bigger role in the global transition to low-carbon energy. Sonnen, which has 40,000 battery systems worldwide and in 2017 had sales of 65 million euros ($73 million), is the German market leader in home storage batteries and has expanded into electric vehicle charging systems. FULL ARTICLE

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Singapore — Shell’s first condensate cargo from the Prelude FLNG project in Australia has been delayed further from its original February load date and possibly to March, due to production issues, trade sources said Friday. Shell did not immediately respond to an email query seeking comment. The first Prelude condensate cargo was originally scheduled to load over January 31-February 2, shipping reports showed at the start of January. Later reports subsequently showed this was delayed to February 12-14, and then to February 24-26. FULL ARTICLE

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The Australian arm of global oil major, Royal Dutch Shell, has firmed up plans to build a 120MW solar farm in Queensland’s Western Downs region, which it describes as one of many “great opportunities” to evolve and grow the business in the Australian market. In an address to the Melbourne Mining Club on Wednesday, Shell Australia chair Zoe Yujnovich said the “well-advanced plans” for the company’s first solar farm proposed building the 400,000 panel project on land adjacent to its QGC onshore natural gas business near Wandoan. FULL ARTICLE

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13 FEBRUARY 2019

Royal Dutch Shell will join forces with renewable energy developers to build an €18m (£15.7m) floating wind project off the coast of Norway by next year. The Anglo-Dutch fossil fuel giant will take a majority stake in the development company that hopes to prove that the cost of floating wind projects could fall significantly using innovating approaches. Shell has increased its share of the project from an initial one third stake to almost two thirds, alongside German renewables company Innogy and Denmark’s Stiesdal Offshore Technologies. FULL ARTICLE

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Shell buys up controlling stake in floating wind project

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Energy giant Shell has bought a controlling stake in a floating wind project planned for 2020.

Originally investing 33% in the ‘TetraSpar’ floating foundation demonstrator turbine last year, Shell will now own 66% of the project. The development project is a partnership between Shell, Innogy and Stiesdal Offshore Technologies (SOT). It has a project budget of almost £16 million. FULL ARTICLE

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Shell leads the way on upstream spending plans, says GlobalData

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Shell is leading the way on new-build spending plans to 2025, according to a new report from GlobalData.

The analysts forecast that the energy giant is expected to spend £42.4billion on a total of 60 upstream projects over the period. Total global capital expenditure on new-build developments in the next six years is £657.8bn. Behind Shell in the spending ranks Gazprom and ExxonMobil, spending £38.7bn and £33.4bn respectively. FULL ARTICLE

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