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Shell evacuates Prelude floating LNG plant after power outage

World Oil

Shell evacuates Prelude floating LNG plant after power outage

By STEPHEN STAPCZYNSKI AND MATTHEW BURGESS on 12/6/2021

(Bloomberg) –Royal Dutch Shell Plc has evacuated non-essential staff from its floating liquefied natural gas facility in northwest Australia as the operator struggled to restore power that knocked out operations earlier in the week, according to people familiar with the matter.

The delay in bringing essential power generators back online at the Prelude LNG export plant had left workers without ventilation, potable water services and a sewage treatment system, said one of the people, who spoke on the condition of anonymity as they’re not authorized to speak to media. The evacuation of non-essential staff was assisted by Inpex Corp.’s helicopter and rescue vessel, the people said. 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.

Nigerians in Oil-Rich Delta Pin Hope on U.K. Trial Against Shell

Bloomberg

Nigerians in Oil-Rich Delta Pin Hope on U.K. Trial Against Shell

=&0=&(Bloomberg) — Dec 2, 2021

In the heart of Nigeria’s oil region, communities and their leaders see a U.K. court as their best chance to resolve a legacy of environmental damage in the area that they blame on Royal Dutch Shell Plc.

More than 40,000 residents of the crude-rich Niger Delta were permitted by the U.K. Supreme Court in February to seek compensation over pollution, allegedly caused by Shell, in a reversal of two previous rulings. The communities see this process as a guarantor of their legal rights, even if Shell were to follow through on its plans to exit some of the oilfields. A date for a trial hasn’t been set. 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.

Forget Shell

Bloomberg

Forget Shell. Amsterdam Stock Market’s Having a Knock-Out Year

2nd Dec 2021

(Bloomberg) — At a time when Royal Dutch Shell Plc is moving its headquarters out of the Netherlands, Amsterdam might fear losing some of the momentum that’s made it continental Europe’s pre-eminent stock trading centre.

Shell said on Nov. 15 that as part of a plan to simplify the oil giant’s structure, it will relocate its tax residence to the U.K. and move top executives from The Hague to London. The announcement came a year after Unilever Plc, the Anglo-Dutch owner of household products such as Omo and Lifebuoy soap, also opted to become a solely British company. 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 won’t abandon green transition in face higher oil prices, says CEO

Bloomberg

Shell won’t abandon green transition in face higher oil prices, says CEO

December 1, 2021

LONDON (BLOOMBERG) – The oil and gas market may be tightening amid historically low investment levels, but that won’t change Royal Dutch Shell Plc’s strategy to shift from fossil fuels, the firm’s chief executive said on Tuesday (Nov 30).

Shell is one of many European majors that have pledged to shrink its traditional hydrocarbon business, while increasing investments in clean energy. While some critics have raised concerns that high oil prices might tempt these firms to stick to fossil fuels, chief executive Ben van Beurden said Shell is adhering to its energy transition strategy. 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 activist outcry over planned seismic survey of South African coast

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

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 Wants to Give Up Dual Citizenship and Stop Going Dutch

The Washington Post

Shell Wants to Give Up Dual Citizenship and Stop Going Dutch

By Chris Hughes | Bloomberg: Today at 10:32 a.m. EST

That’s another old chestnut ticked off global business’s to-do list. After General Electric Co. and Johnson & Johnson decided last week to break themselves up, oil major Royal Dutch Shell Plc is also taking an obvious long-standing idea from the shelf and turning it into action. Plans to scrap its Anglo-Dutch structure to coalesce around a U.K. domicile underscore the tremendous pressure this organization is under, and point to the power of taxation to guide corporate decision-making more generally. 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 Breakup Would Get It Out of ‘Strategic Jail,’ Analyst Says

Bloomberg

Shell Breakup Would Get It Out of ‘Strategic Jail,’ Analyst Says

Royal Dutch Shell Plc should use an activist investor’s push to break up the company as an opportunity rather than a threat, according to analyst Paul Sankey.

“We put it to Shell management: This is your chance to get out of strategic jail!” Sankey wrote in a note Thursday. “Blame the mean N.Y. Hedge Fund for forcing your hand, and use this opportunity for radical change.”

He added that Shell could be split four ways: LNG-to-power, refining and chemicals, a Shell-branded gas station business, and a conventional oil and gas producer… 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 likely to miss own emission reduction goals, shareholder group says

Seeking Alpha

Shell likely to miss own emission reduction goals, shareholder group says

Oct. 22, 2021 12:32 PM ETRoyal Dutch Shell plc (RDS.A)RDS.BBy: Carl SurranSA News Editor

  • Royal Dutch Shell (RDS.ARDS.B) is on track to miss its own emission reduction targets in the coming decades, according to a new analysis by Global Climate Insights.
  • Shell’s energy transition strategy “is still materially driven by fuels that will increase emissions, producing a growth strategy that will not truly align with a decarbonizing world,” the study says, as reported by Bloomberg.
  • The research casts doubt on Shell’s own climate goals as well as its ability to comply with a landmark Dutch court order earlier this year to cut emissions 45% by 2030 from 2019 levels.
  • Shell already had pledged to cut GHG emissions by 20% by 2030 and to net-zero by 2050, but GCI says the company will not meet the target established by the court ruling “and will instead increase net emissions by 4.4%.”
  • If Shell is to align with the 2015 Paris Agreement’s goals of keeping global temperature increases to 1.5 degrees Celsius, it needs to pursue growth beyond gas more aggressively, according to the report.
  • Seeking Alpha contributor Portfolio Navigator says the focus of Shell’s management on rapidly growing the dividend is “a boon for investors.”
  • 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 on Path to Miss Own Emission Reduction Goals, Report Says

    Bloomberg

    Shell on Path to Miss Own Emission Reduction Goals, Report Says

    By Laura Hurst: 22 October 2021, 07:00 BST

    Global Climate Insights study sees emissions rising by 2030
    Company says it fully intends to meet future targets

    Royal Dutch Shell Plc is on track to miss its own emission reduction targets in the coming decades, even as the company faces more stringent climate requirements from a court ruling, a new study shows.

    The energy giant is seeking to gradually reduce its carbon emissions, with the goal of achieving net-zero by 2050. Shell isn’t forecast to achieve its goals after 2022, according to the report by Global Climate Insights. 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.

    After Climate Court Victories Comes the Problem of Enforcement

    Bloomberg News

    After Climate Court Victories Comes the Problem of Enforcement

    Bloomberg News: Diederik Baazil: Aug 18, 2021 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 to pay $110M to settle Nigeria oil spill lawsuit – Bloomberg

    Aug. 11, 2021 4:25 PM ETRoyal Dutch Shell plc (RDS.A)RDS.BBy: Carl SurranSA News Editor

    Royal Dutch Shell (RDS.A, RDS.B) agrees to pay $110M to a Nigerian community for a “full and final satisfaction” of a long-running dispute over an oil spill that happened more than 50 years ago.

    The company will pay the Ejama-Ebubu people 45.7B naira ($110.9M) in compensation to put an end to a legal case that began in 1991, the community’s lawyer reportedly tells Bloomberg.

    In 2010, a Nigerian court ordered Shell to pay 17B naira to the community, which the company unsuccessfully challenged several times; in March 2020, a judge in a related court case said that Shell’s debt with interest accrued had run up to 183B naira, which the company also contested. 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 to Pay $29.5 Million Toward California Superfund Cleanup

    Aug. 10, 2021, 10:50 PM

    Shell Oil Company has agreed to pay $29.5 million towards ongoing cleanup costs at the McColl Superfund Site in Fullerton, Calif., according to the Environmental Protection Agency.

    The cost recovery settlement will go towards cleaning up waste and contaminated groundwater at the site, a disposal area for petroleum refinery waste contaminated with benzene, metals, and a volatile chemical known as tetrahydrothiophene, according to a federal consent decree. A federal court earlier found Shell liable for the cleanup as one of the parties responsible for the contamination. 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 push for oil spill case to be heard in Nigeria

    EnergyVoice

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

    Bloomberg 12/07/2021: Shell has abandoned its final attempt to argue that a major lawsuit brought by thousands of Nigerians over an oil spill in the West African country should be heard in Nigeria rather than the UK.

    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

    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.

    Oil Companies Rejected by Supreme Court on Moving Climate Fight

    Bloomberg Green

    Oil Companies Rejected by Supreme Court on Moving Climate Fight

    By Greg Stohr: 14 June 2021, 14:32 BST

    The U.S. Supreme Court rejected an appeal by oil companies including BP Plc and Exxon Mobil Corp., leaving intact an important procedural ruling favoring two California cities suing for billions of dollars to address the impact of climate change.

    The justices, without comment, refused to consider the industry’s bid to shift the lawsuit into federal court, where companies tend to fare better than they do before state tribunals. 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.

    Will Judges Have the Last Word on Climate Change?: QuickTake

    THE WASHINGTON POST

    Will Judges Have the Last Word on Climate Change?: QuickTake

    By Jeremy Hodges | Bloomberg May 28, 2021 at 8:22 a.m. GMT+1

    In the fight against climate change, one tool is proving increasingly popular: litigation. From the U.S. to Europe and India, activists, governments and concerned citizens have turned to the courts. Supporters want them to force oil companies and governments to pay for past harms and avert future threats.

    Are international companies vulnerable?

    Yes. In May Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, a ruling that could have far-reaching consequences for the rest of the global fossil fuel industry. Shell, which said it expects to appeal the ruling, has pledged to reduce its greenhouse gas emissions by 20% within a decade, and to net-zero before 2050. That’s not enough, according to the court in The Hague, which ordered the oil producer to slash emissions 45% by 2030 compared with 2019 levels. The court said the ruling applies to the entire Shell group, raising the prospect of the company having to radically speed up its current climate and divestment policies in order to hit the new target. It’s unlikely Shell will be the only company to fall foul of the courts as the Dutch decision will likely trigger similar cases around Europe, if not the world. 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.

    Half of Shell Energy Mix to Be Clean Next Decade

    Half of Shell Energy Mix to Be Clean Next Decade

    by Bloomberg | Laura Hurst | Monday, May 10, 2021

    (Bloomberg) — Royal Dutch Shell Plc’s head expects clean energy to make up half of the company’s energy mix “somewhere in the next decade.”

    “If we do not make that type of process by the middle of next decade, we have a problem not just as a company but as a society,” Chief Executive Officer Ben van Beurden said in an interview with AXIOS on HBO.

    Like its European peers, the Anglo-Dutch major has set itself an “ambition” to become a net-zero emissions energy company by the middle of this century. The feat involves producing less oil, more gas and renewables, as well as using technologies still in their infancy like hydrogen and carbon sequestration. Not everyone is convinced, with the energy giant set to clash with some shareholders on the matter at its annual general meeting later this month. 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.
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