Royal Dutch Shell Plc  .com Rotating Header Image

Posts from ‘February, 2022’

Shell intends to exit equity partnerships held with Gazprom entities

Shell intends to exit equity partnerships held with Gazprom entities

Feb 28, 2022

The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

“We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” said Shell’s chief executive officer, Ben van Beurden. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell abandons Russia and Nord Stream 2 pipeline 

The Telegraph

Shell abandons Russia and Nord Stream 2 pipeline 

Shell has pledged to sever ties with the Kremlin by exiting its joint ventures with the Russian state-backed energy colossus Gazprom.

The oil giant said it will end its tie-up with Gazprom by selling its 27.5pc stake in the Sakhalin 2 liquefied natural gas (LNG) plant and will stop working on the Nord Stream 2 pipeline project, which Germany put on ice earlier this month.

Shell’s Russian assets were valued at $3bn at the end of last year. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

The Guardian

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

Rob Davies: Mon 28 Feb 2022 18.57 GMT

Shell is to exit its joint ventures with Russian state energy firm Gazprom, a day after BP said it would offload its 20% stake in Kremlin-owned oil firm Rosneft, as British businesses scrambled to distance themselves from Vladimir Putin.

The oil company said it would “exit its joint ventures with Gazprom and related entities”, which are worth about $3bn. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Exit from Russia

SHELL EXIT FROM RUSSIA

By John Donovan: 28 Feb 2022: 7.30 pm UK

I advised a news media source several hours ago that the prospect of a Shell exit from Russia had been discussed at the highest level of Shell.

An article has subsequently been published confirming Shell’s exit.

I had already raised the issue in a couple of article headlines I published yesterday about BP pulling out of Russia. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell intends to exit equity partnerships held with Gazprom entities

Shell intends to exit equity partnerships held with Gazprom entities

LONDON, February 28, 2022 – The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

“We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” said Shell’s chief executive officer, Ben van Beurden. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP to dump 20 percent stake in Russian oil firm Rosneft: Shell Russia Exit Next?

EXPRESS

BP to dump 20 percent stake in Russian oil firm Rosneft after Putin’s ‘acts of aggression’

OIL GIANT BP has announced that they will be offloading their stake in a Russian state-owned oil company in response to the invasion of Ukraine.

By CHARLES HARRISON

The massive oil company has announced that it will be offloading its 19.75 percent stake in Russian state-owned oil company Rosneft.

BP Chairman Helge Lund said: “Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region.”

It has led the bp board to conclude, after a thorough process, that our involvement with Rosneft, a state-owned enterprise, simply cannot continue.

Business Secretary Kwasi Kwarteng said he had left BP’s boss with “no doubt about the seriousness of government concerns about BP’s overexposure to Russian interests” after a meeting on Friday, according to an official. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP abandons stake in Russian oil giant Rosneft: Will Shell pull out of Russia?

The Telegraph

BP abandons stake in Russian oil giant Rosneft

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP pulling out of Russia? What about Shell?

BP to offload stake in Russian oil firm Rosneft

BBC Breaking News: 27 Feb 2022

BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia’s “act of aggression in Ukraine”.

The oil giant had come under pressure from the UK government to make the move since Thursday’s invasion.

It has held the shareholding in the Russian company since 2013.

BP chief executive Bernard Looney has resigned “with immediate effect” from the Rosneft board, as has fellow BP-nominated director Bob Dudley. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell faces $1bn hit if Nord Stream 2 never opens

Shell may have to write off up to $1 billion that it has invested in the Nord Stream 2 pipeline after Russia’s invasion of Ukraine increased the likelihood that it may never be allowed to start up, analysts have warned.

The oil major has bankrolled 10 per cent of the cost of constructing the 750-mile pipeline under the Baltic Sea, which is designed to double the flow of gas from Russia directly to Germany.

The project, owned by Gazprom, the Russian state gas giant, has long been opposed by America on security grounds. Construction was completed in September, but it has not gained approval from Germany to start up. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Trustpilot Verdict on Shell Broadband: What a load of rubbish

What a load of rubbish. No customer service. Extremely slow Internet. To speak to customer service you would be better of trying to talk to God. Do not repeat DO NOT SIGN WITH THIS CRAPPY INTERNET PROVIDER, YOU WILL REGRET IT.

26 Feb 2022

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

BROADBAND

What a load of rubbish

What a load of rubbish. No customer service. Extremely slow Internet. To speak to customer service you would be better of trying to talk to God. Do not repeat DO NOT SIGN WITH THIS CRAPPY INTERNET PROVIDER, YOU WILL REGRET IT. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Trustpilot Verdict on Shell Energy Customer Service: Awful, aggressive, and expensive!

26 Feb 2022

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

Worst customer service I have…

Worst customer service I have experienced. I have just wasted 1 hour and 20 minutes trying to sort a problem with a phone line. On hold for most of the time. DO NOT USE THIS COMPANY.

Don’t use this company…

Don’t use this company…. their customer service is appalling. It took 55 minutes to get through to an adviser. Not impressed! read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Faces U.K. Showdown Over Impact of ‘Cataclysmic’ Oil Spill

Bloomberg Green

Shell Faces U.K. Showdown Over Impact of ‘Cataclysmic’ Oil Spill

  • Communities claim impact of spill not felt until years later
  • Shell said it’s implausible, damage is from other pollutants

By Katharine Gemmell: 26 February 2022, 08:32 GMT

A group of Nigerians want a trial against Royal Dutch Shell Plc in the U.K. for what they allege was a “cataclysmic” oil spill that wreaked havoc on their communities years later.

The pollution was caused by oil from the so-called Bonga Spill in 2011 but was only felt following flooding and storms three to four years after the initial mishap, say lawyers for Harrison Jalla and Abel Chujor, the two lead claimants in the lawsuit. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

How Shell helps Russia pump oil and gas

CNN

How Shell helps Russia pump oil and gas

London (CNN Business)The West is promising “massive” sanctions on Moscow in response to Russia’s invasion of Ukraine.

French President Emmanuel Macron said Thursday that European sanctions would target Russia’s military, economy and energy, and Germany’s decision this week to halt certification of the Nord Stream 2 pipeline built by Russia’s Gazprom shows that the vast oil and gas sector isn’t off limits. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

More Prelude power issues “foreseeable and credible” 

ENB 

More Prelude power issues “foreseeable and credible” 

FULL details of an investigation into the December fire, shutdown and subsequent evacuation of Shell’s Prelude FLNG vessel show that it is likely another power outage could occur, meaning it must remain offline for the foreseeable future.

23 Feb 2022: During an early February earnings call Shell boss Ben van Beurden called the ongoing problems “teething troubles” but confirmed the $20 billion-plus vessel would be offline through the first quarter of 2022. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell boss blames hedge funds and speculators for sending gas prices to record highs and adding to volatility that has seen dozens of energy firms collapse

Shell boss blames hedge funds and speculators for sending gas prices to record highs and adding to volatility that has seen dozens of energy firms collapse

  •  Shell said huge sums moving in and out of the market were causing volatility 
  • Despite this, insisted prices were still largely influenced by supply and demand  
  • The price of gas is currently 173 pence per therm, up from 49 in January 2021 

Hedge funds and financial speculators piling into the European gas market have contributed to high and volatile prices over the past year, according to Shell.

The energy giant said the movement of large amounts of money in and out of the market meant prices were less linked to actual supply and demand. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell warns of ‘incredibly’ tight gas market, but ready to supply more LNG to Europe

S&P Global

PLATTS

Shell warns of ‘incredibly’ tight gas market, but ready to supply more LNG to Europe

HIGHLIGHTS

Warns of more volatility if Russia hit by sanctions

Calls on Europe to be ‘proactive’ on supply security

LNG cargoes likely to continue to come to Europe

Shell is prepared to do what it can to bring more LNG to Europe to help mitigate the impact of any potential sanctions on Russian energy, but warned of an “incredibly” tight market and called on Europe to be “proactive” in managing its gas supply security. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.