THIS DAY

Royal Dutch Shell Commences Major Divestment of Assets in Nigeria

Emmanuel Addeh in Abuja JULY 31, 2021

Royal Dutch Shell has launched a major divestment of its Nigerian assets, especially those in the shallow water and onshore, several sources familiar with the matter said yesterday.

Sources close to the company disclosed that the oil giant had already hired Standard Chartered Bank to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC) subsidiary, in deal which could be one of the hugest in the oil and gas industry in Africa ever. read more

The Guardian

Shell boss: we have no plans to change strategy despite emissions ruling

Jillian Ambrose: Thu 29 Jul 2021 16.47 BST

‘Unreasonable’ court ruling does not need new strategy, Van Beurden says, as firm reveals multibillion-dollar shareholder windfall

Ben van Beurden denied the company would need to change its plans to meet the tougher court-ordered climate targets on Thursday, as he revealed a multibillion-dollar shareholder windfall for investors and better-than-expected quarterly profits. read more

Shell’s failed blundering attempt to kill my royaldutchshell.website

By John Donovan (last updated 30 July 2021)

Last week, a CYBERSECURITY INTELLIGENCE outfit acting for Shell issued a 5-day ultimatum on behalf of Shell to the company hosting my royaldutchshell.website.

I would not have had a clue about the ultimatum letter if the hosting company had not tipped me off about what was going on behind my back at Shell’s direction.

For 26 years, I have used the Internet as a medium to criticise and expose Shell’s unscrupulous dishonest activities, including, for example, the Shell securities fraud that ruined Shell’s reputation. read more

OILPRICE.com

Shell To Appeal Landmark Court Ruling

By City A.M – Jul 21, 2021, 11:30 AM CDT

Shell has today confirmed that it will appeal against a landmark court ruling requiring the oil giant to cut emissions faster than it had planned to.

The Anglo-Dutch firm said that it had been unfairly singled out by the ruling, which it said was not an “effective” way of tackling climate change.

In May, a court in the Hague ordered the firm to slash greenhouse emissions by 45 percent from 2019 levels by 2030. read more

EnergyVoice

Shell abandons push for oil spill case to be heard in Nigeria

Shell’s legal team declined to return to England’s High Court with arguments that the five-year-old case would be better heard in Nigeria, according to the parties in the case, conceding that the Nigerian subsidiary will now be joined to claims made in England against the parent company.

The UK Supreme Court said in a landmark ruling in February that Shell’s parent company could be sued in English courts for the actions of its Nigerian subsidiary. The court, however, left the door open for Shell to argue that it was more appropriate to leave any action against the local unit to Nigerian courts. By including the subsidiary in the UK proceedings, more documents about Shell’s work in Nigeria are likely to be made public. read more

This is MONEY.co.uk

Dividend delight for Royal Dutch Shell shareholders as economic recovery enables oil giant to raise payouts

• Shell expects to withdraw its ‘milestone’ target to cut net debts to below $65bn
• The gradual reopening of the world economy is boosting consumer oil demand 
• Investors will get payouts that are between 20-30% of cash flow from operations

By HARRY WISE FOR THIS IS MONEY

PUBLISHED: 12:32, 7 July 2021 | UPDATED: 17:32, 7 July 2021

Royal Dutch Shell has announced that investors will receive higher payouts following a recovery in oil and gas prices and a reduction in its debt pile.

It said that thanks to an ‘improved macro-economic outlook’ and ‘strong operational and financial delivery,’ shareholders would be awarded returns that were between 20 and 30 per cent of cash flow from operations. read more

THE TIMES

Rapid oil cuts is ‘valley of death’ for Shell, says chief Ben van Beurden

Boss says he has to balance wind-down of fossil fuels with cashflow from new businesses

Cutting Royal Dutch Shell’s oil and gas production too quickly before its new green businesses are generating cash would lead the company into a “valley of death”, its chief executive has said.

Speaking in the aftermath of a Dutch court ruling forcing the oil major to cut its emissions faster than planned, Ben van Beurden said he was prepared to take “more risk than our investors traditionally would like to see us take” to accelerate the growth of its clean energy operations. read more

EMAIL ABOUT OIL SECTOR CORRUCTION IN NIGERIA SENT TO SHELL CEO MR BEN VAN BEURDEN, 25 JUNE 2021

-By Zik Gbemre  

WITH THE LEVEL OF CORRUPTION STILL PERVADING THE OIL SECTOR, NIGERIAN POLITICIANS HAVE STILL NOT LEARNT THE VANITY OF MATERIAL POSSESSION – THE NEED FOR THEM TO HAVE A RETHINK, AND FOR ANTI-GRAFT AGENCIES TO TAKE ACTION  

• The mind-boggling allegation of high-profile corruption in the sale of 57 marginal fields involving the Minister of State for Petroleum, Timipre Sylva; Buhari’s nephew, Mamman Daura; Sarki Auwalu; Sabiu Yusuf (aka Tunde); Sarki Abba and others, should be thoroughly investigated by anti-graft agencies… 
• It is sad how many people have made that piece of paper called money, to become their masters, and they the slaves of it… 
• The sacred values like hard work, diligence, honesty and integrity that once held our society together, have all been replaced… Leaving our societies decaying daily without us even realizing it… 

For as long as I can remember, the subject of high-profile corruption amongst Nigeria’s political class, is one that has continued to get worse, despite all the so-called fight against corruption by the past and present Governments. And it is one problem that has continued to deprive the majority of the Nigerian populace from having access to the dividends of democracy, and has kept the nation perpetually underdeveloped, while those in the political space have continued to feed fat to the detriment of all. read more

THE NEW YORK TIMES

Behind Shell’s strategy to get into green energy.

June 21, 2021, 8:07 a.m. ET

Ben van Beurden, the chief executive of Royal Dutch Shell, has been talking about the need to cut emissions since 2017. In the view of some, though, Shell has dragged its feet.

The company’s clean energy investments since 2016 add up to $3.2 billion, Stanley Reed reports for The New York Times, while it has spent about $84 billion on oil and gas exploration and development, according to estimates by Bernstein, a research firm.

“You cannot claim to be in transition when you only invest” such a small percentage of capital in new businesses, said Mark van Baal, founder of Follow This, a Dutch investor activist group. read more

OilPrice.com

Big Oil Looks To Cut Production Following Activist Backlash

By Alex Kimani – Jun 19, 2021, 6:00 PM CDT

Two weeks ago, Big Oil suffered a series of boardroom and courtroom defeats in the hands of hardline climate activists.

…a Dutch court ordered Royal Dutch Shell to cut its greenhouse gas emissions harder and faster than it had previously planned. Never mind the fact that Shell already had pledged to cut GHG emissions by 20% by 2030 and to net-zero by 2050. The court in The Hague determined that wasn’t good enough and has demanded a 45% cut by 2030 compared to 2019 levels. read more

17 June 2021

Sir. Ben van Beurden,
Chief Executive Officer (CEO),
Royal Dutch Shell,
Shell Headquarters,
Carel Van Bylandtaan 16,
2596 HR, The Hague,
P.O. Box 162, 2501AN,
The Netherlands.

Dear Sir,  

THE ROYAL DUTCH SHELL SHOULD BE WARNED NOT TO DIVEST OML 25 IN THE NIGER DELTA AREA OF NIGERIA, TO AVOID DENTING ITS RESPECTED PUBLIC IMAGE AS A RESULT OF UNRESOLVED LEGACY/FUNDAMENTAL ISSUES 

With reliable news that The Royal Dutch Shell and its Operators in Nigeria, Shell Petroleum Development Company of Nigeria (SPDC), are in the process of divesting/selling its Oil Mining Lease 25 (OML 25) in the Niger Delta area of Nigeria, we consider it necessary to alert and warn the Leaders of Royal Dutch Shell/SPDC to desist from carrying out such plans. read more

The Guardian: Shell chief vows to bolster emissions strategy after court ruling

Ben van Beurden pledges to ‘rise to challenge’ after court ordered oil firm to cut global carbon emissions by 45%

Joanna Partridge: Wed 9 Jun 2021 18.21 BST

Royal Dutch Shell has vowed to accelerate its strategy towards becoming a net zero emissions business, two weeks after a Dutch court ruling ordered the company to cut its global carbon emissions by 45% by the end of 2030 compared with 2019 levels.

Shell’s chief executive, Ben van Beurden, promised to “rise to the challenge” in helping to create a low-carbon energy system, but came out fighting for the Anglo-Dutch oil company he runs, insisting it has been leading the industry in taking responsibility for its carbon emissions. read more

THE NEW YORK TIMES

Shell says a court ruling on greenhouse gases will speed up its plans to cut emissions.

By Stanley Reed: June 9, 2021

Royal Dutch Shell will respond to a recent defeat in a Dutch court by accelerating its efforts to reduce its carbon dioxide emissions, the company’s leader said Wednesday.

Ben van Beurden, the chief executive of Shell, said that he was “disappointed” by the ruling requiring the oil company, Europe’s largest, to move faster in slashing greenhouse gases, but added that the company was planning to do just that.

“For Shell, this ruling does not mean a change but rather an acceleration of our strategy,” Mr. van Beurden said in an article published on LinkedIn. “We will seek ways to reduce emissions even further in a way that remains purposeful and profitable,” he added. read more

Shell promises to accelerate shift to low carbon

The oil giant Shell will reduce its greenhouse gas emissions more quickly than planned following a legal ruling in the Netherlands, its chief executive has promised in a blog post.

The firm would take “some bold but measured steps,” Ben van Beurden wrote.

Environmentalists won a court case in May, arguing Shell was failing to reduce emissions quickly enough.

Mr van Beurden said Shell would appeal against the ruling, but meanwhile he would look at hastening the transition. read more

REUTERS

Shell to deepen emission cuts following court ruling, CEO says

By Ron Bousso: 3 MIN READ: JUNE 9, 2021

LONDON (Reuters) – Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business.

Shell plans to appeal the May 26 court ruling that ordered it to reduce greenhouse gas emissions by 45% by 2030 from 2019 levels, significantly faster than its current plans. read more

Extracts from Shell Energy customer reviews posted during the past few days on Trustpilot: “Shell broadband is the biggest fraud I have experienced.”: Ceo Colin crooks he certainly has the right sir name!”: Ben van Beurden, CEO Shell, should order a complete review and overhaul of this part of the business as it is a disgrace.”

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 6 June 2021. read more