Royal Dutch Shell (RDS.A-0.4%) is staying in Canada even as others pull up stakes, Shell Canada head Michael Crothers tells Bloomberg.
Shell’s future in the country is largely as a natural gas producer and exporter focused on the US$30B LNG Canada project, though the company also is committed to its local chemicals and retail businesses, Crothers says.
Aside from LNG Canada – which is 40%-owned by Shell – and the Groundbirch gas production complex in British Columbia that will partly supply it, the company has some light oil production, the Scotford refinery, two chemicals plants and a carbon capture facility in Alberta, plus the Sarnia refinery and a lubricants plant in Ontario.
Shell also still owns a 10% stake in the Athabasca oil sands after selling most of its holdings in 2017; Crothers says the company has no plans to sell the rest because it is a core asset which provides feedstock for the Scotford complex.read more
About $50 billion of projects approved by oil companies including Royal Dutch Shell and BP within the past year will fail to deliver economic returns if the world meets the Paris climate goals, according to new analysis.
Shell’s huge Canadian liquefied natural gas project, approved last October, and BP’s latest Azerbaijan oil development, approved in April, are among projects that risk becoming “stranded assets”, according to Carbon Tracker, a not-for-profit think tank, which aims to “align capital markets with climate reality”.read more
“Management has been mostly concerned with cutting costs and phasing out plant equipment as it is no longer required. …culture has been of the “don’t touch F_ck all” variety…” “I chose to work somewhere else because I felt that there was too much corruption and neglect to overcome…”
POSTING ON OUR SHELL BLOG MONDAY 25 FEBRUARY 2019
By “Shell Canada Insider”
SHELL CANADA: …they are wanting to sell their Alberta operations….. because there is no money left in it…they have syphoned it all off…
…in Caroline Alberta they had a massive sour gas leak on March 23 2003. It was in the local paper….Caroline Alberta or Sundre Alberta. (Sundre roundup)
I think also on 2010-2011 they had multiple explosions at their Caroline facility supposedly an employee during an explosion at the south compressor station had to be airlifted to hospital and was seriously injured.read more
Jan. 9, 2019 11:58 AM ET| By: Carl Surran, SA News Editor
The Dutch High Court says it will consider demands on Jan. 17 seeking an immediate end to gas production from the Groningenfield, after the government said it would cut output gradually.
The High Court says it received 26 objections to the plan, expressing concerns about seismic risks caused by drilling and demanding an urgent halt in production.
Analysts say the court is unlikely to grant an immediate halt because the Netherlands still depends on Groningen gas for a significant part of its energy supply.read more
Ben van Beurden has marked five years as chief executive of Royal Dutch Shell by giving a “wide-ranging interview” on climate change, his leadership style and “Shell’s biggest financial transformation” — an interview given to, erm, Royal Dutch Shell’s website. But rest assured, the oil group’s in-house journalists weren’t letting their boss off lightly. The transcript published yesterday features such hard-hitting questions as: “Who do you turn to for advice and support?” (answer: his wife, Stacey); “What are you most proud of when you look back at 2018?”; and “Why is trust so important for Shell?” A real zinger, that one.
Shell buys out Total’s 26% stake in Hazira LNG and Port
By Rachita Prasad: ET Bureau: Updated: Jan 09, 2019, 03.01 PM IST
Royal Dutch Shell has completed the acquisition of Gujarat-based Hazira LNG and Port Ventures from French energy major Total Gaz Electricité Holdings, the company said in a statement on Wednesday.
Shell Gas, a subsidiary of Royal Dutch Shell plc, acquired 26% equity interest in the Hazira LNG and Port from Total, to complete the acquisition. We did not disclose the financial consideration for the deal.
“The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions,” Shell said in the statement.read more
The firm also faced widespread shareholder opposition over chief executive pay last year.
Mr van Beurden said: “I feel an attack on Shell as an attack on my personal integrity. It’s something I feel deeply, probably at least once a day. If I can reduce that to once every other day, I’ll know that we are making progress.
“Of our three strategic ambitions – to become a world-class investment case, to thrive through the transition to lower-carbon energy and to have a strong societal licence to operate – I’m confident that we can achieve the first two.
“But I can’t see a sure path towards strengthening our societal licence to operate just yet.
“We need to change people’s perceptions through better performance and behaviours. And we need to have a better dialogue with civil society in some parts of the world.”
Marissa Luck, Houston Chronicle: Monday, Jan 7, 2019
The Gulf Coast has become home of one the largest producers of a common plastic: Shell fired up its fourth alpha olefins unit at its chemical plant in Geismar, Louisiana, the company said Monday.
The multi-billion dollar expansion adds 425,000 metric tons per a year in capacity to the chemical manufacturing site, bringing its total alpha olefin production up at Geismar to more than 1.3 million metric tons per a year. That makes it the largest alpha olefins producing site in the world, the company said.read more
Royal Dutch Shell will set carbon emissions targets next year and link these to executive pay, reversing its chief executive’s opposition and following intense pressure from shareholders who want fossil fuel companies to take greater responsibility for their contribution to global warming. FULL FT ARTICLE
The deal resulted in Shell taking a sizeable financial hit as a consequence…
Latest Royal Dutch Shell news round-up. Includes a report that Shell CEO Ben van Beurden is meeting this week with Putin, God Father of the Russian mafia. The head of a corrupt regime that kills opponents even if they are living in the UK. A regime that sends assassins using outlawed radioactive and chemical weapons on UK soil and then protects the assassins after they return to Mother Russia. Proof positive that as in the past, Shell is prepared to deal with evil dictators. So much for Shell’s claimed ethical code.
The Canadian Press: Hina Alam: September 13, 2018: 4:23 PM EDT: Last Updated September 13, 2018. 7:32 PM EDTVANCOUVER — Shell Canada Ltd. has given up its offshore exploration rights, clearing the way for the creation of Canada’s first protected marine area under the Canada Wildlife Act. The company voluntarily released permits for about 50,000 square kilometres in an area off British Columbia’s coast to allow for the creation of the Scott Islands marine National Wildlife Area. FULL ARTICLEread more
LNG Canada will hire primarily Canadian workers to build a planned terminal to export liquefied natural gas from Kitimat, B.C., newly released briefing notes for B.C.’s NDP minority government show. The employment strategy is in sharp contrast to the abandoned plans by now-defunct rival Pacific NorthWest LNG, which would have use far more foreign workers for a site near Prince Rupert, according to the notes ministry officials prepared for Premier John Horgan and Energy Minister Michelle Mungall. Royal Dutch Shell PLC and four co-owners of LNG Canada are expected to decide by the end of 2018 whether to forge ahead with the massive project in Kitimat.FULL ARTICLEread more
Is it going through or not? That question keeps Canada busy these days. Is Shell about to give the final green light for one of the largest investments this year in the fossil energy sector: the construction of an immense factory to produce liquid gas (LNG)? Cost: $ 30 billion. Shell works together with three partners in the project: Petrochina, Korea Gas and Mitsubishi.read more
A flurry of activity is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a $40 billion liquefied natural gas terminal that could at last unlock energy exports to Asia.
The action is unmistakable in Kitimat, the Pacific coast city hugging a deep inlet that would be the closest launch point on the continent for LNG cargoes to Asia. The lights are on, shades open and SUVs parked outside a 49-unit apartment complex built to house Shell executives, which sat mostly darkened for the last two years. Local workers have left jobs at a Rio Tinto Plc smelter nearby to join contractors ramping up for the LNG project. Landlords are raising rents and houses are selling twice as fast as they used to in anticipation of a flood of workers coming to town.read more
LondonLad: Well “Theo” when you say that “I know for sure the following” followed by a former director said “Black Gold we are digging up” then I think perhaps you are making this up. Most directors of an oil company (even including Shell) would not use the word “digging”! “Drilling” or “producing” yes but certainly not “digging” - exception being the muppets in the HR departments perhaps. In addition your last two sentences are irrelevant to the usual attacks on Shell and are somewhat waffle and insulting to most readers here. You clearly have a problem. I await the onslaught!!
Bogus Group: There are normally two sides to every story, but Mike Curless’ version of his termination employment under the pretext of the takeover of BG reorganisation could hold some credence. However, if there was a fair and transparent succession strategy, Sarah Franklin’s self-promotion, see previous post and article, https://www.accdocket.com/articles/tips-and-insights-a-world-class-combination.cfm must have made her a good candidate for one of the “vacant” roles within the Shell legal team. Time will tell if the relevant due diligence was done on Ms Franklin, considering her escapades with a previous company.
Theo Benschop: I know for sure the following. A former director of Royal Dutch Shell had said: it is a simple problem with the Black Gold that we are digging up and selling. All what the government has to do is fix the price of the Black Gold at a level nobody will notice. Maybe add something. But there you have the money to pay for the transition to a more sustainable energy. So actually what everybody wants in the agreements in Paris.
Also I know for sure that beloved sister Rep. Ilham Omar was perfectly right in her conclusion that a few guilty criminals did something to create the chaos of nine eleven, so not the rest of the world.
So that about 7 Billion simple descendants of the first human beings not being a monkey are supporting her for keep on being the one and only first president of all sovereign or not sovereign United Nations.
jaun carlos: Good day
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Bill Campbell: Caution needed over false almost hysterical claims about current Brent Structures
It was a long time ago but as London Lad highlights in his blog post the onshore disposal of Brent Spar Greenpeace apologised formally to Shell for its claims during that period of intense scrutiny and public interest that the Spar could not be disposed of at sea because it held over 5000 tons of crude oil when in fact it was found to have contained 100 tons of oily sludge much of which was inert silt.
We currently see the emergence again of false and highly emotive claims about what remains in the Brent structures despite Shell and independent published reports being available with assessments of what remains in the cells. These assessments indicate that the environmental impact of leaving these structures in situ is negligible compared to the safety risks to personnel involved in the attempted removal and disposal on land.
Money in the pockets: The next round of Nigerian "engagements" are well and truly happening now. Bonga SW/A has been a great tool for regulators and others to return to the potential contractors for additional assistance to progress the project.
It might just fly in 2020, and get on stream 20 years after the initial project.
This will be a real money maker to everyone that can participate (staff, EPC contractors, fabricators, installers, regulators, etc.) just not the nation that continues to suffer.
John Donovan: Hello LondonLad.
Good to see that you still visit. Hope you are well. Glad you have felt sufficiently motivated to post a comment again, the first one since 2013 if I recall correctly.
Under your former alias as MUsaint and your current alias LondonLad we have argued extensively about Shell's track record in Nigeria.
I know you speak with authority given your own years in a senior position with Shell in Nigeria.
Suffice it to say that Shell has already paid out over £15 million in compensation to some relatives of the Ogoni 9 and millions more in fines relating to Shell corruption in Nigeria.
The posting of articles and other evidence dating back to those days have emerged from the current Dutch litigation against Shell brought by Esther Kiobel and two other Ogoni 9 widows who have yet to be compensated for the loss of their beloved husbands. Most of the archived articles supplied to me via Amnesty International have never been posted online. There are more to follow.
I note your mention of Greenpeace, the unfortunate subject of undercover activity by Shell's cherished MI6 hires via Hakluyt & Company. No doubt that situation continues.
These companies, including Shell, admitted they “approved of or condoned the payment of bribes on their behalf in Nigeria and falsely recorded the bribe payments made on their behalf as legitimate business expenses in their corporate books, records and accounts”.
Shell must pay a $30million “criminal penalty” over charges it paid $2million to a sub-contractor “with the knowledge that some or all of the money” would be used to bribe Nigerian officials to allow equipment into the country without paying duty. Shell, which has not admitted guilt, must pay a further $18million to repay profits and interests.
LondonLad: Oh, and while I'm on my soapbox why don't those idiots at Greenpeace learn from their mistakes? Now claiming that various Shell North Sea production platforms contain this and that amount of crude should trigger someone in the German Government to question their numbers. Greenpeace were completely wrong with their figures quoted for Brent Spar.
LondonLad: Jeeeez Mr.D you really are scraping the barrel. Articles from the "Tempo" dating from 1996 with still unproven (so one might assume false) claims about corruption in Ogoniland. Have to say that it's still clear that Nigerians remain convinced that the best way to extort money is by attacking Shell (SPDC/SNEPCO) rather than the real culprits which still remain as the State Government, DPR, NAPIMS etc. etc.
Bogus Group: https://www.accdocket.com/articles/tips-and-insights-a-world-class-combination.cfm
Sarah Franklin, Shell’s Associate General Counsel for Safety & Environment and her new team still don’t appear to have a focus on “complex safety matters”. As noted in the article, she would still appear to be “getting her Shell sea legs” despite being in the role for nearly 3 years.
Yesterday’s announcement that the HSE had issued Shell with an Improvement Notice for failing to ensure that the Temporary Refuge on the Gannet Alpha Installation was capable of remaining effective in an emergency, must question the validity of Shell’s focus on safety. TR compliance is not complex, it’s a fundamental prerequisite for the safety of the installation’s personnel in the event of an emergency, anything less is tantamount to dereliction.
If they can’t get basic safety requirement’s right, what chance have they with something more complex. Word of advice to Shell, employ more technically competent people who disclose and address safety concerns and fewer lawyers who suppress them.
This is not a Shell website. Click on Disclaimer link at top of page for more information.
John Donovan’s ebooks
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.
OPL 245 CORRUPTION SCANDAL: LATEST NEWS
$1.3bn Malabu Oil Scandal: Italy Protests Swiss Delay in Releasing Evidence against Shell, Eni 22 Jun 2019 04:10 This Day Chika Amanze-Nwachuku with agency report
Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with regard to …
FG names Shell, Eni executives in $1bn bribery case – The Punch 08 May 2019 11:43 Google ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal 08 May 2019 10:01 Herald Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.
FG said in the court files …
FG names Shell, Eni executives in $1bn bribery case 08 May 2019 08:09 Punch Newspapers ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245 02 Mar 2019 10:19 Biz Watch Nigeria Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.
Shell said in a …
Emily Gosden
Ben van Beurden has marked five years as chief executive of Royal Dutch Shell by giving a “wide-ranging interview” on climate change, his leadership style and “Shell’s biggest financial transformation” — an interview given to, erm, Royal Dutch Shell’s website. But rest assured, the oil group’s in-house journalists weren’t letting their boss off lightly. The transcript published yesterday features such hard-hitting questions as: “Who do you turn to for advice and support?” (answer: his wife, Stacey); “What are you most proud of when you look back at 2018?”; and “Why is trust so important for Shell?” A real zinger, that one.
Shell buys out Total’s 26% stake in Hazira LNG and Port
The boss of oil giant Shell has admitted he is “still unhappy” with the firm’s safety performance, despite pledging a redoubling of efforts in 2018.
Shell’s greener future is a matter of survival
Latest Royal Dutch Shell news round-up. Includes a report that Shell CEO Ben van Beurden is meeting this week with Putin, God Father of the Russian mafia. The head of a corrupt regime that kills opponents even if they are living in the UK. A regime that sends assassins using outlawed radioactive and chemical weapons on UK soil and then protects the assassins after they return to Mother Russia. Proof positive that as in the past, Shell is prepared to deal with evil dictators. So much for Shell’s claimed ethical code.
Round up of Royal Dutch Shell news stories from leading energy news media sources, 26 Sept 2018
The Canadian Press:
Printed below is an English translation of an article published today by the Dutch Financial Times, 
NATALIE OBIKO PEARSON, BLOOMBERG: July 9, 2018
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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.