Posts under ‘Big Oil’

The Guardian

Last-minute bid to stop Shell’s oil exploration in whale breeding grounds in South Africa

Campaigners have filed legal challenge against seismic survey along Eastern Cape province

Jillian Ambrose Energy correspondent: Wed 1 Dec 2021 06.00 GMT

An 11th hour bid has been launched to try to halt plans by Royal Dutch Shell to explore for oil in vital whale breeding grounds along the Wild Coast of eastern South Africa.

Campaigners filed an urgent legal challenge against the seismic survey, which was scheduled to begin on Wednesday, in a last-ditch bid to prevent it harming whales, dolphins and seals in the relatively untouched marine environment. read more

The Guardian

Pulling the switch: how to find a new clean energy provider in Australia

With the sale of electricity provider Powershop to Shell, many customers drawn to good climate credentials are pondering their options

Rafqa Touma: Tue 30 Nov 2021 23.00 GMT

Since multinational energy giant Royal Dutch Shell expanded into Australia’s residential electricity market by purchasing our greenest power company, Powershop Australia, many of Powershop’s 185,000 customers have apparently considered jumping ship. read more

REUTERS

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Erwin Seba: Publishing date: Nov 30, 2021

HOUSTON — A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of its 50% interest in the 302,800 barrel-per-day (bpd) Deer Park, Texas, refinery outside Houston to partner Pemex for about $596 million.

The closing was expected as early as Wednesday. read more

Shell Energy Broadband Reviews posted on broadband.co.uk

Reviewer: jude: Location: Wadhurst: Date: 2021-11-02

wheres the zero ? shocking customer service worst i have ever encoutered . do not deal with this company been waiting for broadband now for over a month between them and those other crooks at Open reach . still waiting ineffective managers no acting on your behalf to esculate issue . lost momey as tenants left as i had promised them broadband . Have now got them as my provider by default at another property as they took over from The Post Office soon as the tenant vacates i will be moving . Dont get tempted by their prices believe me its just not worth it . Avoid like the plague read more

Shell faces activist outcry over planned seismic survey of South African coast

By PAUL BURKHARDT and Laura Hurst: Bloomberg

Nov. 29, 2021 at 10:24 am Updated Nov. 29, 2021 at 7:10 pm

Royal Dutch Shell faces a growing campaign against its plans to conduct a seismic survey of potential oil and gas reservoirs off South Africa’s rugged coastline.

The standoff is the latest example of environmental groups’ push to halt oil and gas developments before they even get going – an effort that has been buoyed by an International Energy Agency report saying no new fields can be tapped if the world wants to prevent damaging climate change. read more

Express

Project Fear exposed: Four major warnings Remainers got wrong – as Shell relocates to UK

BREXIT BRITAIN’S latest victory will see oil giant Shell relocate its headquarters to the UK has fuelled new Frexit calls, with a leading campaigner insisting it once again proves how Project Fear was “wrong on everything”.

By PAUL WITHERS: 07:30, Sun, Nov 28, 2021 | UPDATED: 08:51, Sun, Nov 28, 2021

In a huge win for Brexit Britain, Royal Dutch Shell is scrapping its dual share structure and moving its head office to the UK from the Netherlands. The company is dropping “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. The firm has been at the centre of a bitter row with Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, which makes them less attractive for investors. read more

todayuknews.com

Shell’s departure deals blow to Dutch pro-business credentials

25 Nov 2021

Stef Blok had an unenviable task for any economy minister last week: explaining how his country was about to lose one of its most high-profile multinational companies.

The decision by oil and gas group Royal Dutch Shell to end its dual corporate structure and move its tax base to the UK, after being in the Netherlands for more than a century, was a “sensitive loss” for the country, Blok told the Dutch parliament. It is particularly embarrassing for the pro-business caretaker government of Prime Minister Mark Rutte. read more

CITI A.M.

Shell holds talks with investors to push through London HQ move

BY: NICHOLAS EARL: TUESDAY 23 NOVEMBER 2021 4:28 PM

Royal Dutch Shell is looking to persuade investors to back its plan to relocate the company’s headquarters from the Netherlands to UK.

The oil giant’s management team has set up more than 100 meetings with leading investors in recent days to push through historic company, sources told Reuters.

Shell announced earlier this month they would scrap dual Anglo-Dutch share structure, move to London from The Hague, and ditch the Royal Dutch branding after 114 years of holding the name. read more

Shell Launches Shareholder Talks to Win Backing for HQ Move, Sources Say

By Reuters: Nov. 23, 2021, at 5:53 a.m.

LONDON (Reuters) – Royal Dutch Shell has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.

Shell said this month it would scrap its dual Anglo-Dutch share structure and move its head office to London from The Hague due to the Dutch tax system and after a court ruling over its strategy to reduce greenhouse gas emissions.

The company also plans to move its tax residence to Britain and drop “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. read more

Express.co.uk

Brexit success: Shell headquarter move shows Remoaner predictions are ‘other way around’

OIL giant Shell is relocating its headquarters from the Netherlands to the UK, a move some are labelling as proof that Brexit is not synonymous with losing foreign business.

By TERESA GOTTEIN MARTINEZ

Sat, Nov 20, 2021 

Shell has this week announced it was ready to sacrifice the designation “Royal” — from Royal Dutch Shell — to shift its tax residency from the EU to the UK. It already chose the country as its corporate base and primary stock market listing in 2005 but now, “despite Brexit“, the British-Dutch multinational will call London its only home. read more

Brinkwire

Shell’s move to a new headquarters in London demonstrates that Remoaner predictions are ‘wrong’.

BY HELENA SUTAN ON NOVEMBER 20, 2021

Shell’s move to a new headquarters demonstrates that Remoaner predictions are ‘wrong’.

Shell, the world’s largest oil company, is relocating its headquarters from the Netherlands to the United Kingdom, a move that some see as proof that Brexit does not imply a loss of international business.

Shell announced this week that it was willing to forego the designation “Royal” — from Royal Dutch Shell — in order to move its tax residency from the EU to the UK. The British-Dutch multinational had already chosen the country as its corporate base and primary stock market listing in 2005, but now it will call London its only home “despite Brexit.” read more

Express.co.uk

‘Political bomb!’ Shell ‘doing own Brexit’ with huge EU snub in favour of UK move

THE European Union has been destroyed after being told oil giant Shell is “doing its own Brexit” by relocating its HQ from the Netherlands to the UK, with one political expert branding the news a “political bomb”.

By PAUL WITHERS

07:00, Sat, Nov 20, 2021 | UPDATED: 08:49, Sat, Nov 20, 2021

In a huge win for Brexit Britain, Royal Dutch Shell is scrapping its dual share structure and moving its head office to Britain from the Netherlands. The company is dropping “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. The firm has been at the centre of a bitter row with Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, which makes them less attractive for investors. read more

Seeking Alpha

Shell Jumps Out Of Fire And Lands In The Frying Pan

Zoltan Ban: Nov. 19, 2021

• Shell’s move to exit the Dutch tax and legal jurisdiction is officially presented as an issue of dividend taxation that Shell and others hoped for years to see it repealed.
• Though it is not much discussed by Shell or the media, the harsh environmental ruling by a Dutch court that forces Shell to cut emissions may have played a role.
• Even though Shell is not currently faced with similar legal pressures in the UK, it may nevertheless feel other pressures to cut emissions by a similar margin.
• Shell’s upstream segment is the most likely part of the business that will be sacrificed to environmental pressures.
• Shell will most likely try to adapt its LNG and petrochemicals sector to lower emissions, that will make it less profitable. Higher natural gas prices will add to profitability concerns.

Investment thesis: Shell (RDS.A), (RDS.B) is leaving the Dutch legal jurisdiction, officially due to some dividend tax issues and it will make the UK its sole home base. Unofficially, it may be in large part a way to escape a court-imposed emissions reduction demand on its business activities. While the move to escape a legally binding cut of 45% compared with 2020 levels by 2030 is potentially avoided through this move, the internal, as well as external pressures for it to cut emissions, hydrocarbons production, and so on, will not cease. read more

Allegations and Litigation Relating to Spymasters in Shell’s Corporate Security Department

By John Donovan

See below a self-explanatory email I sent yesterday to named senior executives at Shell.

It mentions the current momentous events at Royal Dutch Shell, although that is not the subject of the email. In that connection, I have not spotted any reference in current news coverage to the Dutch police raid at Shell’s current HQ in The Hague.

That astonishing development may have fuelled a growing feeling that the Dutch government has turned anti-Shell by allowing Nigerian and climate change litigation against Shell to proceed in the Dutch courts and tightening up Dutch tax regulations affecting Shell. read more

‘Desperate’ Dutch PM blasted as he scrambles to stop Shell’s move to UK

DUTCH Prime Minister Mark Rutte suffered a brutal attack after his government attempted to convince Royal Dutch Shell not to leave the Netherlands for the UK.

By ALESSANDRA SCOTTO DI SANTOLO Wed, Nov 17, 2021  Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Brexit Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual structure and had recently been hit by a Dutch court order over its climate targets, aims to drop “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc.

The firm has been in a long-running tussle with the Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, making them less attractive for international investors.

Shell introduced the two-class share structure in 2005 after a previous corporate overhaul. read more

FINANCIAL TIMES

Shell faces threat of Dutch ‘exit tax’ as relocation plan causes outcry

Mehreen Khan in Brussels, Tom Wilson and Emma Agyemang in London

Shell has been threatened with an exit penalty by Dutch opposition parties after the energy company’s decision to end its dual share structure and move its tax base to the UK triggered a political backlash in the Netherlands.

FULL ARTICLE