OILPRICE.COM

Oil And Gas Companies Will Never Truly Be Carbon Neutral

By Tsvetana Paraskova – Oct 18, 2021, 3:00 PM CDT

• Oil and gas companies are pushing a net-zero narrative, but their pledges may not live up to true carbon neutrality.
• Carbon neutral oil and gas is largely reliant on the murky world of carbon credits and carbon offsets.
• The lack of standardization and transparency within the carbon credit market has drawn a lot of criticism.

The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets—the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied natural gas (LNG) cargo.

Oil and gas firms have started to offer those so-called carbon neutral oil and gas shipments. And buyers are lapping them up as they themselves are also pressured by investors and their own carbon reduction pledges to procure lower-emission energy supply. read more

Petroleum Economist

Oil companies missed transition pivot

Shell and activist investor both agree that mistakes were made in the ’00s

“We gave up wind 15 years ago, which was a strategic mistake,” Shell CEO Ben van Beurden admitted in an October Ted event otherwise overshadowed by the executive being on the end of a withering personal attack by a climate campaigner.

And Chris James, co-founder of investor Engine No.1, agrees that oil firms such as Shell should have switched to more transition-focused businesses before the 2008 financial crisis. “There was an opportunity, about 15 years ago, for the oil and gas industry to lean very heavily into renewables and to really start the energy transition,” says James. “That is when they had a cost-of-capital advantage, that is when they had great balance sheets. But it did not happen… read more

Investors Chronicle

Shell in better shape to fund distribution increase

Royal Dutch Shell (RDSB) used to be the world’s greatest source of dividend income, but that came to an end last year when oil prices tanked. A production spat between Saudi Arabia and Russia, exacerbated by an unprecedented slump in industrial demand, sent forward contracts into negative territory at one point. Share buybacks were promptly put on ice and the group’s quarterly distributions were pegged back for the first time in living memory. read more

Reuters

UK’s Shell Energy to take on customers of three failed suppliers

Mon, 18 October 2021

LONDON (Reuters) – Britain’s energy market regulator Ofgem said on Monday it has appointed Royal Dutch Shell’s power retail business Shell Energy to take on customers of Pure Planet Limited, Daligas Limited and Colorado Energy Limited.

The three firms had a combined total of around 252,000 domestic and 600 non-domestic customers. They ceased trading last week.

Last month, Shell Energy took on 255,000 customers from another failed supplier, Green Supplier. That means that in total, Shell Energy will add 50% of its current customer base of around 1 million. read more

Shell’s head of gas and renewables to leave company after 25 years

Tom Wilson in London:  OCTOBER 15 2021

Royal Dutch Shell’s head of gas and renewable energy is leaving the business after 25 years, the latest shake-up in the teams leading the transition towards cleaner fuels at Europe’s energy majors. Maarten Wetselaar will be replaced as director of integrated gas and renewable and energy solutions by the current head of upstream Wael Sawan, the company said on Friday.

FULL FT ARTICLE

Britain’s fossil fuel dilemma in the spotlight as climate talks near

EXTRACTS

LONDON (Reuters) – Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.

Britain’s Oil and Gas Authority said gas extracted from the British North Sea had an average emission intensity of 22 kg carbon dioxide equivalent per barrel of oil equivalent, while imported LNG had an average intensity of 59 kg. read more

The consumer champion will release an hour-long Channel 4 special to mark the COP26  United Nations Climate Change Conference

Daily Star

• 22:34, 18 OCT 2021

The outlandish star recently made headlines after he danced and showed a parody advert outside oil giant Shell’s offices in London to raise awareness about “greenwashing”.

The star, who is a regularly on British comedy panel shows such as, Never Mind the Buzzcocks and 8 Out of 10 Cats, arrived outside the offices in a yellow bus painted with a mural of a mock Shell advert featuring the caption “We’re turning our carbon emissions green for earth day”. read more

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

18 Oct 2021

Just had my distraught daughter on the…

Just had my distraught daughter on the phone to say she’s been cut off with her broadband when she’s received no bill, the attitude of this company on the phone is a disgrace, complaint was put straight in and they closed it straight away, going to have to seek redress elsewhere and look for a more reputable company!

Shell Energy Broadband and why I came to my 1 star rating read more

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

18 Oct 2021

Cowboys

Cowboys. After 2 years of issues with Shell Energy, Abdullah (head of Executive Complaints) decided there would be no support offered to fix the tariff issued they’ve caused, despite acknowledging the fact that there caused them. His direct report, Aziz exact words were ‘Sorry, its just we’re going through a crisis at the minute so we cant do anything for you… read more

Channel 4 TV Sunday 9.00pm- 10.00pm

NEW: Joe Lycett vs the Oil Giant

Joe Lycett takes on Shell, as he investigates whether its eco-friendly advertising paints a true picture of the company, before making his own parody advert. Will Shell sit up and listen (Also in HD) 

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

14 October 2021

Absolutely terrible experiences with…

Absolutely terrible experiences with this company! Unstable internet connection, very poor support and after 3 days of waiting for their engineer (the whole afternoon off work cause of this scheduled appointment) and he didn´t arrive. Avoid!

Shell Broadband

Unprofessionally dreadful behaviour by the management of this company’s telecom division caused me to cancel a contract with it going back several years. read more

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

14 October 2021

Cowboys

Cowboys. After 2 years of issues with Shell Energy, Abdullah (head of Executive Complaints) decided there would be no support offered to fix the tariff issued they’ve caused, despite acknowledging the fact that there caused them. His direct report, Aziz exact words were ‘Sorry, its just we’re going through a crisis at the minute so we cant do anything for you… read more

By John Donovan

From: “New Images of Nazi Germany”

Extract from the section “Corporate Collaboration” commencing page 203 running onto page 204

The connection of the Royal Dutch Shell Group to Nazi Germany centered on Sir Henri Deterding…

Variously described as the “most powerful man in the world” and the “Napoleon of Oil,” he was also an early admirer of both Hitler and Mussolini…

Deterding himself offered a plan in 1935 to provide a year’s worth of oil credit to Nazi Germany, in principle a war reserve. read more

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

10 Oct 2021

Shell broadband are the worst ever

Shell broadband are quite simply a complete con. My live date was 24/8/21 and all I got was sorry this and sorry that for the reasons they couldn’t connect it all up. It’s now 6/10/21 and I’ve just had to cancel it all together as it’s still not fitted up or connected. I advise anyone to not use this company as they are literally thieves. They are the worst service I’ve ever ever seen . There live chat and phone operators are incompetent to athe highest level. They push you to every department passing the buck all the time. It’s a shocking service and I have contacted bbc watchdog to make them aware of it too. Avoid this at all costs read more

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

10 Oct 2021

Absolute hell to get in touch with

Abolute hell to get in touch with. Virtual Assistant is a waste of time and energy. I am already sorry I transfered to them. When I finally got through the lady was very pleasant and helpful.

Not trueful

I have just changed to Shell through one of their agents who came to my house to discuss terms and conditions. The agent was very polite and pleasant and felt he was treating me fairly. He offered me £50 credit on my bill as a referral from my son, who has also just joined Shell, and £50 to my son. He also said my first payment would be one month after joining Shell. Both offers are untrue. When calling Shell they informed me no such offer should be made. I have made a complaint of mis-selling and awaiting the result. I thought this practice had disappeared, but it appears I’m wrong. read more

EXTRACT FROM A U.S. SENATE REPORT 1943

By John Donovan

A recently published book revealed the extent to which Shell played a key role in Hitler’s war effort. Unfortunately for Shell, new information about Shell’s Nazi history emerges on a regular basis.

The information below is from a hearing held in the United States Senate in 1943. It is available online as a result of a digitization project by Google.

The featured extract has the headline SHELL OIL INTERESTS OFFERED TO HELP GERMANY EVADE BLOCKADE. It is about a business deal between Shell and its German partner in many major ventures, I.G. Farben. The chemical giant supplied the Zyklon-B gas used to exterminate millions of innocent people in the Holocaust. Many I.G. Farben directors were found guilty of war crimes. read more