News and information on Royal Dutch Shell Plc
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 ARTICLE
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 ARTICLE
Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad. 
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.
NATALIE OBIKO PEARSON, BLOOMBERG: July 9, 2018
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.
Jun. 30, 2018 12:54 AM ET
BackgroundRoyal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) has been actively focusing on what kind of business it wants to be involved in. Part of this activity is to change the composition of its assets. It has been selling plants and oil licenses, and invested where it wants to position the company.
Disposals have also been done to reduce the total debt level. Much of the debt came from the $35 billion acquisition of BG Group back in March of 2016.
Early this year, Shell communicated that its plans were to leave oil and gas operations in as many as 10 countries and instead focus more heavily on gas-rich Australia and shale opportunities in the United States.
By Elffie Chew and Natalie Obiko Pearson: 31 May 2018
(Bloomberg) — Malaysia’s Petroliam Nasional Bhd. agreed to take a 25 percent equity stake in a proposed liquefied natural gas project in Canada led by Royal Dutch Shell Plc. The Canadian unit of Shell will hold a 40 percent stake, while subsidiaries of PetroChina Co. and Mitsubishi Corp. will have a 15 percent share each, according to a statement from Thursday from Petronas. A unit of Korea Gas Corp. will hold 5 percent. The announcement confirmed an earlier Bloomberg News report that a deal was imminent. FULL ARTICLE
Shell will continue to be the biggest owner in LNG Canada, holding a 40 percent stake.Reuters Staff: MAY 31, 2018
SINGAPORE (Reuters) – Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd [PETR.UL] said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal. The company, known as Petronas, will buy an equity stake in LNG Canada, an export project led by Royal Dutch Shell located in Kitimat, British Columbia, said Petronas in a statement. The purchase is expected to close in the next few months, the company said. FULL ARTICLE
Julie Gordon: MAY 15, 2018
VANCOUVER (Reuters) – The chief executive of the LNG Canada project on British Columbia’s northern coast said on Tuesday that the company was committed to starting construction on the C$40 billion ($31.1 billion) liquefied natural gas export project this year. An investment decision on the terminal was delayed in 2016, due to sagging oil prices that hit cash flows, along with an unfavorable supply-demand outlook, but remains on track for 2018, Andy Calitz said at an LNG conference on Tuesday. FULL ARTICLE
|By: Carl Surran, SA News Editor
Royal Dutch Shell’s (RDS.A, RDS.B) is “cautiously optimistic” about its proposed LNG Canada project in Kitimat, B.C., ahead of a potential final investment decision this year, says Shell Canada president Michael Crothers. “We’re getting cost estimates finalized [and working] on the economics,” Crothers says, noting the Shell-led partnership recently chose Fluor and Japan’s JGC for the project’s engineering, procurement and construction. FULL ARTICLE
A unit of Royal Dutch Shell Plc has agreed to sell its entire stake in oil sands producer Canadian Natural Resources Ltd. for about $3 billion, which will be used to reduce debt. Shell Gas BV will sell its 97.6 million shares in Canadian Natural for total pretax proceeds of $3.3 billion, and the transaction is expected to be completed by Wednesday, according to a statement from Hague-based Shell. The shares are being offered at $34.10 each, according to a person familiar with the matter, a 2.9 percent discount to its close Monday in New York. FULL ARTICLE
Reuters staff: Monday 8 May 2018
May 7 (Reuters) – Royal Dutch Shell Plc’s Shell Gas B.V. unit said on Monday it was selling its entire stake in Canadian Natural Resources Ltd for $3.3 billion.
Shell signed an underwriting agreement for the sale of its entire stake of 97.6 million shares in Canadian Natural, the company said in a statement.
Last June, Shell had reported a stake of 8 percent in Canadian Natural.
Shell decided to offload the roughly C$4.1 billion ($3.18 billion) stake in Canadian Natural Resources that it acquired as part of a deal to retreat from Canada’s oil sands, people familiar with the situation had told Reuters nearly a year ago.
Jesse Snyder: April 27, 2018 2:19 PM EDT
The consortium behind LNG Canada named the prime contractors for its $40-billion export project on Friday, taking the development forward amid concerns that steep import tariffs on some steel components could still make the project untenable.
In a decision the consortium called a “significant milestone,” LNG Canada said U.S.-based Fluor Corp. and Japan’s JGC Corp. would lead the $14-billion construction contract for the liquefied natural gas project in Kitimat on the B.C. West Coast. Construction of the facility would employ thousands of workers and take roughly five years to complete.
FILE PHOTO: Electric car chargers are seen at the Holloway Road Shell station where Shell is launching its first fast electric vehicle charging station in London, Britain October 18, 2017. REUTERS/Mary Turner/File Photo
LONDON (Reuters) – Royal Dutch Shell said on Thursday it saw little risk of having “stranded assets” in its portfolio as the world shifts to low carbon energy because the oil major will have four-fifths of its current oil and gas reserves extracted before 2030 anyway.
March 22, 2018 | Last Updated: March 22, 2018 1:46 PM MDT
VICTORIA — British Columbia is offering new conditions and rebates for liquefied natural gas projects in the province. Premier John Horgan made the announcement Thursday ahead of a final investment decision on LNG Canada’s $40-billion project, which would include a natural gas pipeline built from northeast B.C. to a new terminal in Kitimat. “Potential opportunity is extraordinary. Potential risks are significant,” Horgan said. “I believe LNG Canada is working diligently to address those risks and I believe it’s the responsibility of the government to make sure we’re working to develop those opportunities for all British Columbians.” FULL ARTICLE
Four and a half years after moving to Vancouver to ready the massive LNG Canada project for a final investment decision, or FID, Andy Calitz likens the state of the mega-energy venture to that of a peak-performance Olympic athlete in the final seconds of a gold-medal race. It’s beating competitors at that point that makes the difference between winning and losing, said the Royal Dutch Shell PLC executive, one of the world’s top guns in LNG development. It’s a good thing, then, that after a tortuous seven-year struggle to find a way to deliver Canadian LNG at the lowest possible price to Asia, the South African engineer is feeling optimistic about building an LNG export terminal in Kitimat, B.C. FULL ARTICLE
Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests.
CALGARY – You could soon be able to wash away your carbon footprint at your gas station. Royal Dutch Shell Plc is rolling out a program in Europe that will allocate as much as 2 cents per litre from the sale of gasoline at its stations to replant forests. The initiative could come to Canada soon, as the company plans to roll it out to the general public. FULL ARTICLE
: After the Shell BG merger completed in 2016 , a lot of really good people lost their jobs , it was handled terribly by the HR dept and the so called 'General Managers' culled some of the best experts they had ...in less than a year of the redundancies Shell were struggling and now with the lack of expertise...they have had to take in contractors to fill staff positions ..within a year of the redundancies ... they could be liable if people took this issue up.. Also Shell were looking at hiring back some old boy network ...who are now pensioners to come back in as managers to help out with the problems ..LOL . they have so much dead wood staff on their books and the company is ran like a club. I'm glad to be away from the farce that Shell became , the malaise started around about 2004 when they began to lose the plot. The BG merger for many was a final nail in the coffin, some of the hand picked people for the new club don't know their arse from their elbows. The only way Shell actually make profits is when the oil price goes high... when Brent is low they can't compete within their quartile or peer groups. I'll keep abreast here on the blog
: I’ve just come across an article "Tips & Insights: A World-class Combination" about the proposed combination of Royal Dutch Shell, one of the largest companies in the world and 'best known for its gasoline stations' and BG Group, a natural gas specialist.
The article centres on Sarah Franklin, (BG chief counsel, with a list of responsibilities, including health and safety after her name), who would be BG’s legal lead for integration planning.
Franklin has apparently added other governance matters, including human rights and whistleblowing investigations to her legal skill set. She set up BG’s first whistleblowing program.
If you are a Shell employee, be extremely cautious about the content of the two preceding paragraphs. If you have concerns, especially those with a safety connotation and you wish to engage with her……….beware.
: I listened to the then BG Group chief executive drool over the Petrobras ‘partnership’ at his award speech for GB Personality of the Year by the Brazilian Chamber of Commerce in 2013 (https://youtu.be/pfknsxjT2Rw). He described many extraordinary moments during this partnership, a relationship that had flourished with ‘mutual trust and respect and super giant discoveries’, which was going from strength to strength. He was looking to a very long future with many more Eureka moments for BG and its partners in the years and decades to come. So why would they want to put such ‘jewel’ in the Shell crown and who was responsible for this? At that time did anyone envisage the fall from grace in the coming months and years? Since then there has been turmoil in both companies, what could possibly have gone wrong. Insiders will know the answer.
: Andrew Gould, Chairman of the disgraced BG Group, who allegedly was seeking a knighthood by joining the company has gone to ground. Given his contractor mind set coupled with his training as an accountant does not bode well for the industry. His LinkedIn profile shows that he is still Chairman of BG Group, as well as being a Board Member (Non Executive!) of Saudi Aramco. Given that Saudi Aramco are going to drop their IPO, this could well leave 'Mr Corridor' twiddling his thumbs and wondering how he can manoeuvre back into a position where he can achieve his ambition of being knighted.
: It looks like Prelude has 19 helicopter fights per week. All of them are routed to the "Posh Arcaida" which is an accommodation vessel with up to 750 beds on board.
An article I read dated 17th March indicated that more than 17,500 people had been moved by helicopter since arrival.
: Andrey Golubel. It's an oil painting, what would you expect?
: There's a bit of pattern here. Corruption seems to be running through the veins of Shell. We see in all these recent tax articles how they seem to be snuggled up in bed with the Dutch Government. Will anything come of this? Of course not silly. It has been going on for years. There is even a department called Government Relations which is staffed by - yes you guessed it - former government employees. Where was Van Beurden a few days ago, for three whole days? The very secretive Bilderberg meeting in Turin (Guardian article by Charlie Skelton can be found on this website), along with many of the worlds elite businessmen and politicians, AND the Dutch king. The outcomes of the meeting were not something I saw on any of the Shell internal or external communication messaging. Funny that, seeing how they always share even the most mundane van Beurden news. So will Shell be brought to account for its actions in OPL? I somehow doubt it. But there is some hope. Will the real Slim Robinson please stand up.
: For centuries “The Mocking of Samson” was thought to be a copy of a famous Dutch painting. Then a Shell microscope made a remarkable discovery.
: This gets interesting....Enron links to Dynegi, links to accounting scandal, custodial sentences, links to BG Group, links to Non Exec Directors in BG Group, more links to Dynegi 'strays' on the BG Exec committee!!! Interested parties may want to dig deeper.
: Biggest Fraud in History. I object! BG Group was clearly the biggest fraud in recent oil and gas industry history after Enron. The company had over-inflated its reserves on little substance and fact, and the auditors were either gullible or complicit. BG had been lucky with production, but the Geoscience supporting the production was usually fabricated. What they didn't understand they speculated about or made-up. The Board bid the shareholders up the cobblers, Project Berkshire in the Brasil Asset was a classic example of this deceit - the Emperor's new clothes. Their undoing was not that they had lied to the shareholders, but that they actually believed their own lies and flawed integrity. Their assurance process was corrupt and their cappucino and pepper plant culture led to them failing to meet targets. Ultimately, they managed to get away with it by selling-out to Shell after a protracted period of alignment, who turned around the toxic purchase by spewing-out most of BG's worthless assets, Caveat Emptor!
: Lawyers for the many parties involved will be reading these series of postings with great interest as will the Italian Prosecutors.
: UPDATE 6 JUNE 2018: Overnight developments: After putting "A Mole" in direct contact with one of the key investigative organisations in relation to the OPL 245 corruption scandal, this anonymous source has now supplied them with more information relating to the OML 30 Nigerian oil deal involving Shell/Heritage Oil and Guy Colegate.
I am also in contact with a person who appears to be a key player in the OPL 245 scandal. I await promised documents from this insider source to whom I have also guaranteed anonymity.
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.
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