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Royal Dutch Shell News 22 March 2019: 5 Articles

Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP together have spent more than $1 billion on public relations since the Paris Agreement.

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production.

Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that analyzes corporate influence on climate policy, derived from industry data and numbers buried in company disclosures.

The reckless disparity comes just months after the United Nations warned that the world must rapidly phase out fossil fuel use over the next decade or face catastrophic global warming of at least 2.7 degrees Fahrenheit.

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22 March 2019

AMSTERDAM (Reuters) – Workers at Royal Dutch Shell’s Pernis refinery in the Netherlands will go on strike if Shell does not meet their demands for a pay raise before Thursday night, Dutch labor union FNV said on Friday.

Workers at the 400,000 barrel per day refinery will determine the shape and timing of possible actions at the beginning of next week, FNV spokesman Egbert Vellenberg said.

Reporting by Bart Meijer; Editing by Kirsten Donovan

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A new UK Government-backed carbon capture advisory group will include representatives from BP and Shell.

Announced by the UK Government today, the group has been formed in an effort to open the first Carbon Capture, Usage and Storage (CCUS) facility in the UK by the mid-2020s.

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Mar. 21, 2019 12:07 PM ET|About: Anadarko Petroleum Corporation (APC)By: , SA News Editor 

 

Royal Dutch Shell (RDS.ARDS.B) snapped up the biggest number of blocks at yesterday’s auctionfor oil and natural gas leases in the U.S. Gulf of Mexico, spending $84.8M on 87 bids. The sale brought in the most revenue from such an event since the oil price downturn, with $244M in high offers received, according to the U.S. Bureau of Ocean Energy Management. FULL ARTICLE

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Angela Macdonald-Smith Angela Macdonald-Smith Energy reporter: Mar 20, 2019

The head of Europe’s biggest battery producer says the company’s takeover by oil giant Shell will give it the “bold” presence needed to thrive when the sector takes off in 18 to 24 months, when faster growth rates and tougher competition will prove a competitive test. “We are in the very beginning of the storage market worldwide,” Sonnen chief executive Christoph Ostermann said during a visit to Australia this week. “We expect to reach an inflection point very, very soon and we have to prepare for that, secure financing for that and enhance our global footprint.”

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