Shell’s legal woes over Nigeria’s oil
Environmental cases:
News and information on Shell Plc
Shell’s legal woes over Nigeria’s oil
Environmental cases:
Shell in Nigeria: Polluted communities ‘can sue in English courts’
12 FEBRUARY 2021
The UK Supreme Court has ruled that polluted Nigerian communities can sue oil giant Shell in English courts.
The decision is a victory for the communities after a five-year battle and overturns a Court of Appeal ruling.
The Niger Delta communities of more than 40,000 people say decades of pollution have severely impacted their lives, health and local environment.
Shell had argued it was only a holding company for a firm that should be judged under Nigerian law.
Niger Delta oil spills: Dutch court rules Shell Nigeria responsible
Nigerian farmers have long complained of the poisoning of fish ponds and farmland.
Friday 29 January 2021 13:26, UK
Oil giant Shell’s Nigerian subsidiary is responsible for oil pipeline leaks in the Niger Delta, a Dutch appeals court has ruled.
It was ordered to pay unspecified damages to farmers who have long complained of the poisoning of fish ponds and farmland.
The decision – in a long-running legal dispute between Royal Dutch Shell (commonly known as Shell) and Nigerian farmers – could pave the way for more cases against the Anglo-Dutch energy company.
Shell Freezing Salaries for Majority of Staff
by Bloomberg: Laura Hurst Thursday, February 11, 2021(Bloomberg) — Royal Dutch Shell Plc will not raise salaries for most of its employees this year, according to people with knowledge of the matter, as it looks to save cash amid an overhaul of the company.
In a note to staff, Chief Executive Officer Ben van Beurden wrote that while the company had previously told employees to have low expectations for salary increases, most wouldn’t get a salary increase this year.
Shell is starting one of the biggest reorganizations in its history as it pivots from a century-long structure that prioritized oil and gas production. There will be as many as 9,000 job losses over the next two years, with cuts already announced in The Netherlands, the U.K. and Malaysia. A second round of voluntary redundancies is also underway, Van Beurden said last week.
Shell’s Falling Oil Output Ends Century-Long Business Model
Laura Hurst: Feb 11 2021, 12:52 PM Feb 12 2021, 1:43 PM
(Bloomberg) — Royal Dutch Shell Plc said its carbon emissions and oil production have peaked and will decline in the coming years as the company laid out a detailed plan for its transition to cleaner energy.
In a sign of how much the petroleum industry has shifted away from its mantra of growth and exploration, Shell said its oil production will fall by 1% to 2% a year. Assuming an annual reduction on the upper end of that range, the oil major’s production would fall by 18% by the end of the decade. Output of “traditional fuels” will be 55% lower by 2030.
Hundreds of workers sacked by text at Shell’s Gnagarri solar farm
Shell, in a Turning Point, Says Its Oil Production Has Peaked
Europe’s largest oil and gas producer said oil production would gradually decline 1 or 2 percent annually, underscoring the company’s desire to shift to greener energy.
: Feb, 11, 2021
Royal Dutch Shell on Thursday made the boldest statement among its peers about the waning of the oil age, saying its production reached a high in 2019 and is now likely to gradually decline.
Shell’s “total oil production peaked in 2019” and will now drop 1 or 2 percent annually, the company said in a statement.
SHELL ACCELERATES DRIVE FOR NET-ZERO EMISSIONS WITH CUSTOMER-FIRST STRATEGY
Source: Shell International B.V.
The Hague, February 11, 2021 − Shell today set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell also confirmed its expectation that total carbon emissions for the company peaked in 2018, and oil production peaked in 2019.
Shell turns to forests and the earth to soak up its emissions
By Reuters Staff: FEBRUARY 11, 2021
LONDON (Reuters) – Royal Dutch Shell set out plans on Thursday to boost the use of nature-based carbon offsets and carbon capture and storage (CCS) technology, two climate solutions in their infancy but seen crucial to controlling global warming.
Both technologies can mitigate the greenhouse gas emissions Shell and its customers cannot eliminate on the path to the group’s 2050 net zero carbon target.
Oil majors suffer massive losses in 2020
At the worst of the crisis the two US oil majors considered another solution according to the Wall Street Journal — a merger that would have created a massive oil firm.
AFP: Last Updated: Feb 10, 2021, 10:53 PM IST Paris: Already under pressure due to climate change, the world’s top listed oil firms suffered historic losses in 2020 as the Covid-19 pandemic sent demand and prices tumbling. The oil majors — BP, Chevron, ExxonMobil, Shell and Total — suffered $77 billion in losses for the year.Shell CEO Ben van Beurden called 2020 an extraordinary year.
While much of the losses were accounting charges to record the drop in the value of their assets, the drop crude oil prices — which briefly turned negative in 2020 for the first time ever — caused real pain.
Current customer postings on Trustpilot: “Their phone system took me round in circles and I never got an answer. They took 5 weeks to answer an email and then didn’t help with my issues. Do not bother with this bunch of useless, unhelpful people who do not appear to care.”
Featured below are extracts from negative customer reviews about Shell Energy posted over the past 24 hours on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 11 FEB 2021.
Shell aims to double power sales by 2030
Royal Dutch Shell PLC on Thursday laid out its green transition strategy, including targets to double electricity sales, expand its liquefied natural gas capacity and gradually reduce oil production.
The Anglo-Dutch energy major, which is committed to becoming a net zero emissions business by 2050, said that it will rebalance its portfolio in the near term by annually investing between $5 billion and $6 billion in its growth pillar, which comprises marketing, renewables and energy solutions.
Shell Says Its Oil Production Has Begun a Long-Term Decline
Feb 11, 2021: Bloomberg News: Laura Hurst
(Bloomberg) — Royal Dutch Shell Plc said its carbon emissions and oil production have already peaked and will decline in the coming years as the company laid out a detailed plan for its transition to cleaner energy.
In a sign of how much the petroleum industry has shifted away from its mantra of growth and exploration, Shell said its oil production will fall by 1% to 2% a year. Output of “traditional fuels” will be 55% lower by 2030.
The Sunday Telegraph: Sunday 7 February 2021. Business Section Page 6
Rival BP is powering ahead with it renewable future, but despite first-mover advantage the Anglo-Dutch giant is yet to map out a path to sustainable returns, finds Rachel Millard
Shell’s boss Ben van Beurden says he hopes he will travel less even after the pandemic is over, having found it “really valuable” to spend more time with his family during 2020.
“Life will be different – how big and how much is hard to say;” he told staff via the corporate website last month.
Fact check: 9,000 Shell layoffs were announced prior to U.S. general election and Biden taking office
By Reuters Staff: FEBRUARY 9, 2021
Posts circulating on Facebook claim that oil and gas giant Royal Dutch Shell will cut 9,000 jobs because of the Biden administration. Linking the move to Biden is misleading: the company announced plans to cut up to 9,000 positions in Sept. 2020 as part of efforts to shift to low-carbon energy and “simplify the company’s structure”, and the locations of the layoffs were not specified by a spokesperson for Shell, which operates in over 70 countries.
Shell cuts exploration ambitions in Norway, to focus on natural gas
By Reuters Staff: 9 February 2021
OSLO, Feb 9 (Reuters) – Royal Dutch Shell will narrow its exploration scope in Norway to focus on natural gas production and possibly offshore wind in future, it told the Norwegian oil and energy ministry.
Shell said in October it planned to reduce its oil and gas operations to nine basins around the world as part of its strategy to reduce the carbon intensity of its operations. It is expected to announce details of its new strategy on Thursday.