Shell plans to keep investing in oil, gas and liquefied natural gas as the “cash engines” for the energy transition and expects its giant LNG Canada project, targeted at Asian markets, will operate well into the second half of the century, CEO Ben van Beurden said Oct. 6.
Speaking at the online Energy Intelligence Forum, Van Beurden dismissed notions of winding down the upstream oil and gas business as “silly” and said there was “nothing illegitimate” about producing oil and gas. In the global energy system, “to just believe that you can switch 100% from coal to 100% renewables…is a little bit of a silly notion,” he said.read more
Jul 13th, 2021
by John Donovan.
Comments are off for this post
Shell proposes large-scale CCS facility in Alberta
Tuesday, July 13, 2021, 12 AM MDT
CALGARY, AB, July 13, 2021 /CNW/ – Today, Shell announced a proposal to build a large-scale carbon capture and storage (CCS) project at its Scotford Complex near Edmonton. This would be a key step in transforming Scotford into one of five energy and chemicals parks for Shell around the world, providing customers with lower-carbon fuels and products into the future, such as hydrogen.
The proposed Polaris CCS project, the largest in a series of low-carbon opportunities Shell is exploring at Scotford, would capture carbon dioxide (CO2) from the Shell-owned Scotford refinery and chemicals plant. The initial phase is expected to start operations around the middle of the decade, subject to a final investment decision by Shell expected in 2023. Polaris would have storage capacity of about 300 million tonnes of CO2 over the life of the project.read more
For environmentalists, it was a week of victories. For the oil and gas companies they vanquished, as well as Alberta and the other parts of Canada that rely on the energy industry, the week brought new uncertainties.
But environmentalists also dealt a blow to one of those European oil companies, Royal Dutch Shell, this week. A Dutch court ruled that Shell was “obliged” to reduce the carbon dioxide emissions of its activities by 45 percent by the end of 2030, compared with 2019 levels. Shell had already announced a 2050 target for reaching net zero emissions, but the decision, if upheld, will force it to speed up its efforts.read more
CALGARY, AB, Feb. 17, 2021 /CNW/ – Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”), has reached an agreement with publicly listed Canadian energy company Crescent Point Energy Corp. (“Crescent Point”) to sell its Duvernay shale light oil position in Alberta, Canada for a total consideration of US$707 million (C$900 million). The transaction has an effective date of January 1, 2021.read more
Oil companies have crisscrossed the world for more than a century, drilling on nearly every continent and in ever deeper oceans to prospect for fossil fuels that power the global economy.
While they did, the biggest six or seven companies collectively known as Big Oil reshaped international politics and economies, bending them to their will. Oil executives became statesmen in their own right, negotiating deals with foreign leaders to extract oil from the tar sands of Canada, the deserts of the Middle East, off the coasts of South America and Africa and in the shale formations of the U.S.read more
SHELL TAKES 40% STAKE IN MONTREAL WASTE-TO-CHEMICALS PLANT
By Mary Page Bailey |
The approximately C$875 million commercial-scale facility will be constructed in Varennes, Québec, and will produce low-carbon fuels and renewable chemicals products from non-recyclable waste using Enerkem’s proprietary technology. Commissioning of the first phase of the facility is scheduled for 2023. Critical investment in the plant comes from Shell, Enerkem, Suncor, Proman and Hydro-Québec, as well as from the Québec and Canadian governments.read more
Shell plans to close the Group I base oil unit at its 500,000 b/d Pulau Bukom refinery in Singapore amid moves to scale back its fuel-based product slate at the plant.
The company said last month it planned to cut around 250,000 b/d of refining capacity in Singapore as part of its shift to lower-carbon alternatives.
It also plans to close the 380,000 t/yr base oil unit at the refinery from July 2022.
The shutdown would come just a year after the closure of Galp’s 110,000 b/d Porto refinery in Portugal next year. Galp announced that plan earlier this week. The refinery is home to a 185,000 t/yr Group I base oil unit.read more
Printed below is a press release announcing the retirement of Michael Crothers as Shell Canada Country Chair and the appointment of his successor, Susannah Pierce.
On the instructions of Shell E&P Ireland, an Irish Company called OSSL distributed bribes to the Irish Police and other parties in an attempt to smooth the path of the highly controversial Corrib Gas Project in Ireland.read more
The Empire State’s pension fund is the largest to dump fossil fuel investments ― ever, in the entire world.
New York state announced plans on Wednesday to eject oil and gas stocks from its $226 billion financial portfolio, becoming the first U.S. state and the biggest pension fund anywhere to divest from fossil fuels.
By 2025, the New York State Common Retirement Fund, which disburses some $1 billion in benefits to retirees each year, will sell off its “riskiest” oil and gas stocks, following a review. The state aims to completely eliminate carbon polluters from its portfolio by 2040.read more
Michael Boyd: Energy Income Authority: Oct 8, 2020High-quality income and growth plays in the energy space.Summary
Poor messaging from management, as well as an ill-prepared balance sheet caused in part by buybacks, has caused the European major a lot of pain.
Arguably, senior executives deserve to be shown the door. But even if that happens, expect the pivot away from fossil fuels to continue.
Is the move into Power and other “Green Energy” assets the right move? Maybe, maybe not.
This idea was discussed in more depth with members of my private investing community, Energy Income Authority. Get started today »
I often get asked why I don’t cover the supermajors all that often on Seeking Alpha. The answer comes down to a rather simple reality: time invested versus potential gain. Anyone that has followed my long / short book knows that whatever I take a stake in, I know inside out. Quite frankly, the sprawling operations of most majors coupled with competing against institutionals that have enough research analysts on the payroll to pack a local gymnasium makes it a losing proposition – or at least in my view.read more
A Canadian judge on Thursday dismissed an application seeking leave to appeal the judgement that confirmed the grounding of a luxury private jet purchased by a former Nigerian oil minister, Dan Etete, with some of the alleged proceeds of the controversial $1.3 billion Malabu OPL245 oil deal.
The suit was filed before the court by Tibit Limited, an anonymously owned company incorporated in the British Virgin Islands (BVI), claiming ownership of the jet.read more
Shell Explores Sale of a Norwegian Natural Gas Business
Its shares are down 48% this year, giving the company a market value of around $115 billion.
Aaron Kirchfeld, Dinesh Nair and Laura Hurst: Bloomberg
(Bloomberg) — Royal Dutch Shell Plc said it’s considering a sale of a Norwegian natural gas supplier, as the energy major continues to selectively dispose of assets.
The company is exploring a disposal of its Gasnor unit, a spokesperson confirmed in response to Bloomberg queries. Shell has approached infrastructure funds and private equity firms about a deal, people with knowledge of the matter said, asking not to be identified as discussions are private.read more
Booms and bust cycles are very much a part of investing in the fossil fuel sector. In previous energy downturns, prices frequently experienced serious slumps, but oil and gas companies mostly kept faith in their biggest asset: Oil and gas reserves buried deep in the ground. But things are markedly different this time around.
Faced with pandemic-driven demand destruction and a relentless call for climate-conscious and ethical investing, oil executives are resigning themselves to the uncomfortable fact that a significant amount of their vast oil and gas reserves will end up totally worthless.read more
Employee fired for discussions with subordinate on conflict of interest and investigation, but conduct didn’t breach policies: Alberta court
A former Shell executive has won $800,000 after the oil company wrongfully dismissed her on trumped-up charges of breaching its conflict-of-interest policy and investigation processes.
EXCLUSIVE: Malabu Scandal: Nigeria grounds Dan Etete’s $57million jet in Canada
The entire Malabu OPL245 deal is now subject to a corruption trial in Italy, where Mr Etete is an accused, together with alleged middlemen, Eni and Shell, and several of their executives.Lionel Faull and Margot Gibbs
Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal.
Asset recovery lawyers acting for the Nigerian government swooped last week after the Bombardier 6000 jet, tail number M-MYNA, touched down at Montréal-Trudeau International Airport in Canada on Friday evening (29 May).read more
In the 90s and up to 2004 carrying on Audits on Woodside Energy offshore installations on behalf of SIEP I was made aware that Woodside along with other operators held the then Regulator in low regard. They were not enough of them, underfunded and considered not competent and also because of this did not have the authority and respect of the Industry.
A forward looking COO of Woodside had the revolutionary idea of involving Regulators in his Audit process and requested I also discuss my findings etc with them. Now the old Regulatory organisation has been redesigned with more resources, a wider brief, and much more support it appears from state and national government.
Bogus Group has made both a succinct but most meaningful contribution.
If as covered on their blog the operator is considered Not Yet Competent to understand his own operational risks by a rejuvenated, well resourced, self confident, and authoritative Regulator, and that finding seems to be accepted by Shell Australia, then we begin to understand better how the events of 2nd December developed
Bill Campbell.
Bogus Group: When the regulator determines that an operator does not have sufficient understanding of the risks of the Prelude facility power systems, including failure of mechanisms, interdependencies, and recovery, alarm bells should be ringing.
Bogus Group: Following yet another Prelude safety issue, I wonder if ‘mortification’ is in Rob Jager’s’ vocabulary, after his legacy idiotic statements (August’19 blog). Or does he just develop amnesia as he moves through the executive revolving door to his next role, where he can continue to utter Hans Christian Andersen like proclamations.
Gail: As a very concerned South African citizen I wish to point out that Shell is supposed to respect people and have ethics.
You are going against the wishes of many South African citizens with this proposed exploration.
Citizens have stood together and have brought two court cases against Shell, the first one was not successful and we are awaiting the decision on the second case.
We appeal to Shell HO to take notice of our concerns and cease with this exploration.
USA USA USA: I think this site is loosing its purpose. The next batch of Shell reorg has removed most of the people who would be willing to post comments. Shell is just lost - thinking its green when its about 0.5% green...
Eliece Horton: I really like my local Shell Gas Station, they have always been very helpful, so I am sad that we can no longer go there.
Our family will be BOYCOTTING SHELL in the USA to STOP Seismic Testing on the South African Coast to protect Marine Life.
The oil will not go anywhere. Leave it there until Britain has a generation of inhabitants that appreciate it. Meanwhile the present numpty generation can cope with windmill energy and 51'N solar.
David Tallboys
Fortunately the Japanese have seen sense and are encouraging new oil and gas projects:
Government officials have been quietly urging trading houses, refiners and utilities to slow down their move away from fossil fuels, and even encouraging new investments in oil-and-gas projects.
Robin Beckett
Shell won't care too much, they have exploration and new developments going on worldwide, as do the other big oil and gas companies. Gas/petrol was $2.76 a gallon in Texas yesterday, that's 15c down on earlier in the week.
colin whyte
Am I missing something here? Wasn't Scotland's financial state based on oil/gas receipts during their last independence referendum? I'm to suspect that Krankie now realises independence is a no go so is doing her utmost to trash the Nation. Nice to be able to turn down a thousand jobs as well.
R Morley
Unless we have zero requirement for oil and gas we have two options:
1) Exploit UK national resources and extract it ourselves
2) Pay another country and import it.
It is astonishing/depressing that UK Plc is having its energy policy dictated by a group of juvenile eco extremists.
Stuart Robertson
Few of these green eco nuts were alive or old enough to remember when in the early 1970’s when OPEC put our economy into a tailspin and we started to explore for our own resources. Now thanks to meaningless virtue signally we are about to become even more dependent on foreign powers to keep us warm and our way of life alive. I say meaningless because industry is already working towards transition from fossil fuels but it can’t happen by tomorrow afternoon and meanwhile our friends in Russia and Mid East will be rubbing their hands in glee at our naivety.
Len RMaC
Green activism is a cancer that will erode this country’s competitiveness and our standards of living. Somehow, it needs cutting out before it’s damage has gone too far.
graeme scott
We don’t develop national resources, we don’t develop our infrastructure to cope , we import resources from Qatar and yet we have shale gas in North Yorkshire that will meet our needs for 50 years
John Condon
The ecowarriors use ICE cars possibly Diesel. They probably have gas central heating and ovens. It’s OK according to them to import coal, oil and gas to power these - but we must stop producing fossil fuels ourselves?!?!?! They seem oblivious to the additional transportation costs associated with importation.. They seem oblivious to the strategic risk of trusting Putin and OPEC to maintain supplies and prices. They have essentially put the cart before the horse. FIRST STOP IMPORTS and when coal, oil and gas are no longer needed for fuel and raw materials such as plastic THEN STOP INDIGENOUS SUPPLIES. This is so obvious how come they can’t see it?!?!?!
Clitherow Kid
It will go ahead but with lower public profile investors. Recent projects have seen a slew of equity partners with unrecognised names. The wider picture though is the message it sends to the highly skilled and well paid UK workers in the sector. They represent the jobs that we need to retain, and could be deployed in the urgently needed new nuclear plant developments. Instead it looks like a lot will be relocating to the middle east to be replaced here with what? More Deliveroo cyclists?.
Ogden Nash
Could somebody at the DT please commission a simple piece of research and write an article to show the requirements for electricity should the Government plans come into being - namely that all cars and all domestic heating is converted over to electric. So something like ..... No' of cars is the UK x average mileage x no' of KWh per mile = total KWh required for transport. ( you could even make it optimistic and assume everyone converts to a Nissan Leaf - no more Chelsea Tractors ) Then a similar calculation for homes ... No' of homes x average KWh used per year = Total KWh.
Add these together and divide by one of the outputs of a major Nuclear rector, This will show how many more reactors we would need to supply these crazy ideas.
Oil giant has pulled out of the Cambo field amid lack of support from UK and Scottish governments: Small selection of comments from this Telegraph article
Kathryn Jones
Let me correct that headline for you."victory for Nicola Sturgeon, Saudi Arabia and Russia as Shell walks away..." Fixed it for you.
J Thomas
Oh no! We are going to have to send more charity payments to Scotland under the Barnett formula! Additionally, if no one drills for gas and oil two things will happen. Many of us will freeze to death and the price of oil and gas will zoom upwards to include what I call G.T.T. The Greta Thunberg Tax!
Kelland Hutchence
Well done Shell! At least the oil and gas will still be there to be exploited when all this fake climate crisis is revealed for what it really is.
Ian Mclaren
If that's a victory? I'd hate to see what one of her defeats looks like.
Dale Carmichael
I think we going to massively regret this.
The eco loons don't care about the decent people this decision will effect.
James Hammett
These people are ridiculous. We are still going to use oil and all its by-products. This makes no positive difference to the country's carbon output, it just means a little more of it will be from burning oil from other countries' oil fields when we could have been drilling our own.
Scot Way
In 2014 gas and oil were the bedrock of an independent Scotland's financial future. Her new stance is mere posturing and destructive towards future jobs and industry. Wind power ain't gonna cut it. She's like rudderless ship being tossed about at sea during a storm.
Echo Fish
Reply to Scot Way - view message
Especially if the plan is to sell the energy to the "hated" English. She may well find England finds other independent energy sources.
Steve Graham
It seems that the Scottish economy or jobs dont matter any more to Sturgeon's SNP. While the UK push for a Zero Carbon economy, China are burning everything they can find the push their economy forwards. Mini countries like Scotland need to stop virtue signaling their Green smugness and realise their input is so minute that they are irrelevant in the grand scheme of things.
Andrew Pierce
Your headline describes this as "a victory"! How the hell can this be described as a victory? Anything which reduces our own self-sufficiency, and leaves us more reliant on importing a vital resource from countries who's leaders seek to destroy us can only be described as a monumental own-goal!
Jiminy Cricket
Sturgeon only ‘opposed’ Cambo on the 16th November 2021. Before that she sat on the fence and blamed Boris. Then during Cop26 she realised her mistake and opposed it. Boris is the winner here - he knew that this would be an ‘own goal’ for Sturgeon and the SNP, now in league with the Scottish Green Party who also oppose the Scottish fishing industry. 10000 jobs lost to Scotland and much more. Environmental issues marooned in the in-tray for the Scottish Government- while power cables are still not fixed and people in Scotland are freezing. If that’s a win for Sturgeon I’d like to see her Financial Plan for her Independence Referendum.
If this had been the other way around, this article would have featured prominently in the main news page, rather than under the “Business” section. This is why people question the BBC’s impartiality..
(P.S. I voted remain)
No2EU: 10:54 15 Nov
to rl"
If this had been the other way around, this article would have featured prominently in the main news page, rather than under the “Business” section.This is why people question the BBC’s impartiality..(P.S. I voted remain)
"
No2EU replied: And Brexit would be blamed.
Smile dont shout: 10:57 15 Nov
Can't imagine what prompted this move:
"Earlier this year, a court in the Netherlands ruled that by 2030 Shell must cut its CO2 emissions by 45% compared to 2019 levels.” This only applies to the Netherlands
greenbird10 11:01 15 Nov
to Smile dont shout
"
Can't imagine what prompted this move:"Earlier this year, a court in the Netherlands ruled that by 2030 Shell must cut its CO2 emissions by 45% compared to 2019 levels."This only applies to the Netherlands
"
greenbird10 replied:
Think that's all the article needed to say to explain the move.
U17881151: 10:48 15 Nov
The truth is corporations are concerned about EU bureaucratic interference.
We saw with AstraZenica that the EU will block trade if they believe it gives them an advantage.
Google and other tech companies are increasingly being fined billions to fund EU wages and pensions.
The EU is a bit anti business.
It would be better to just focus on trade and creating friendly partnerships.
Arcangel: 10:56 15 Nov
to U17881151
"
The truth is corporations are concerned about EU bureaucratic interference. We saw with AstraZenica that the EU will block trade if they believe it gives them an advantage. Google and other tech companies are increasingly being fined billions to fund EU wages and pensions. The EU is a bit anti business. It would be better to just focus on trade and creating friendly partnerships.
"
Arcangel replied:
Agreed, but tbh I would rather we were stricter on companies like Shell given they are responsible for a large amount of the worlds pollution
Insider: Joe Lycett should talk to his friend Jimmy Carr about Shell. Jimmy worked in Shell marketing dept during the 1990s at Shell Mex House in the Strand.
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
ESTHER KIOBEL SUES SHELL FOR COMPLICITY IN HUSBANDS MURDER
ESTHER KIOBEL: EVIL OIL GIANT SHELL COLLUDED IN THE EXECUTION OF MY INNOCENT HUSBAND
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ABANDONED BY SHELL: KEITH MACDONALD & FAMILY, VICTIMS OF RADIOACTIVE CONTAMINATION AT WORK
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON. EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
Enter your ad code in the Widget Admin to display your ads here
DISCLAIMER
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found here on WIKIMEDIA COMMONS. Our shellenergy.website republishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
OVER 500 EXTERNAL PUBLICATIONS CITING OUR SHELL WEBSITES
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission websiteetc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner
S&P Global Platts
THE NEW YORK TIMES
Shell Sells Non-Core Canadian Shale Assets to Crescent Point Energy
SHELL TAKES 40% STAKE IN MONTREAL WASTE-TO-CHEMICALS PLANT
Shell to close Singapore base oil unit in 2022
Malabu Oil Deal: Canadian judge dismisses suit challenging Nigeria’s grounding of Etete’s jet
(Bloomberg) — Royal Dutch Shell Plc said it’s considering a sale of a Norwegian natural gas supplier, as the energy major continues to selectively dispose of assets.
Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal.
Comments RSS Feed
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
