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Reuters: Shell and partners delay decision on Australia’s Crux gas project

Jessica Jaganathan: APRIL 7, 2020

SINGAPORE, April 7 (Reuters) – Royal Dutch Shell said on Tuesday its Australian unit and joint venture partners had decided to delay a final investment decision (FID) on the Crux gas project in offshore Australia that was initially planned for 2020.

The Crux project is one of several globally that have been delayed in recent months following the collapse in energy prices.

LNG demand had been hitting record highs until recently thanks to appetite from China and India as they diversify away from dirtier coal power generation, but the crash in oil and gas prices has caused major LNG exporters to put off gigantic new facilities or expansions of existing projects. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

NEW YORK INTELLIGENCER: Shell Is Looking Forward

EXTRACTS (Entire New York Magazine article can be read here)

Since 2017, when I published a book about American millennials, I’ve had the occasional cold call from corporations to come talk about my work, all but one of which I’ve turned down. But last fall, the Shell Scenarios team — as in Royal Dutch Shell, one of the biggest oil companies in the world — offered me £2,000 in exchange for a 15-minute talk and my participation in a group exercise. Its internal corporate think tank was holding a daylong conference about how generational change would affect the hopefulness projected in what the company calls the “Sky Scenario,” which it describes as “a technically possible but challenging pathway for society to achieve the goals of the Paris Agreement.” I’m not a climate expert, but apparently I qualify as a generational whisperer, at least to Shell, and to talk to me about global warming, the giant energy conglomerate wanted to fly me to London from Philadelphia, business class. I warned them that I couldn’t keep their money and asked if I’d need to sign an NDA. When they said no, I saw an opportunity to report on the oil company, undercover while in plain sight, without technically lying to anyone. It was too good to pass up. I said yes, then I emailed my editor. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

WSJ: Shell Sees Coronavirus Eroding Chinese Natural Gas Demand

Energy giant said it is redirecting shipments and looking for new buyers for LNG that was previously allotted to China read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

RECHARGE: Shell to trade power from ‘Europe’s largest battery’ built by China in UK

Shell will buy and trade electricity from what’s claimed to be Europe’s biggest battery storage project currently being built by Chinese players in the UK, in another big step by the oil group into the power sector.

Shell Energy Europe signed a multi-year offtake deal for output from the 100MW/100MWh Minety storage project in southwest England, underway under a collaboration between China Huaneng Group and Chinese sovereign wealth fund CNIC.

Power from the project, designed to balance intermittent wind and solar output on the UK grid, will be traded by Shell’s specialist Limejump subsidiary, which is claimed to manage the largest network of batteries in the UK. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Reuters: Shell Energy Europe agrees supply deal from UK battery storage project

FEBRUARY 17, 2020

LONDON, Feb 17 (Reuters) –

* Shell Energy Europe Limited, the energy marketing and trading division of Royal Dutch Shell has agreed a multi-year supply deal for power from a battery storage project in southwest England, the company said on Monday.

* The 100-megawatt (MW) power storage project is backed by China Huaneng Group and Chinese sovereign wealth fund CNIC, and is expected to be completed by the end of 2020.

* The two 50-MW batteries will enable Shell Energy Europe and its subsidiary Limejump to use renewable power in the area, the firm said.

* When fully charged, a 100-MW battery could hold 100 megawatt hours of electricity, enough to power about 10,000 homes for a day before being recharged. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Financial Review: Chinese ‘force majeure’ talk further chills LNG market

Angela Macdonald-Smith Senior Resources Writer: Feb 6, 2020 — 12.02pm Speculation that Chinese LNG importers could invoke special contractual clauses to avoid purchasing cargoes as demand plunges on the coronavirus epidemic has further stoked worries about the glut in the market that is causing near-record low spot prices.

State-owned companies including China National Offshore Oil Corporation and possibly Sinopec and China National Petroleum Corporation are examining whether they could call “force majeure” on contracts, the Financial Times reported.

Analysts at Houston-based Tellurian noted that Chinese importers have started to divert cargoes to India as they seek to avoid taking such action amid soft demand due to the virus outbreak and a mild winter.

Credit Suisse analyst Saul Kavonic said that the discussion of force majeure seemed “a hypothetical for now” and noted it was unclear in what circumstances such clauses could be invoked. In any case, it would vary from contract to contract. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bloomberg: From Texas to Tokyo, Global LNG Poised for Terrible Year

Stephen Stapczynski, Anna Shiryaevskaya and Naureen S. Malik. Bloomberg

(Bloomberg) — Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of supply and warmer temperatures, throwing up risks and opportunities for the producers, buyers and traders behind the world’s fastest-growing fossil fuel.

The startup of new export projects from Australia to the U.S. has flooded the market, while brimming stockpiles in Europe and an expected slowdown in Chinese demand have dumped cold water on consumption prospects. LNG for spot delivery to North Asia is on track to hit an all-time low this summer, while gas prices in Europe and the U.S. are trading at the weakest seasonal levels since 1999. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

investors CHRONICLE: Shell’s LNG bet looks sound despite glut

Mark Robinson

When Royal Dutch Shell (RDSB) launched its £35.6bn bid for BG Group, it was easy to appreciate the strategic rationale. At a stroke, the Anglo-Dutch energy giant not only bolstered its reserves, but also shored-up its position in a global liquefied natural gas (LNG) market which had grown rapidly since the turn of the millennium.

Shell wasn’t alone in increasing its exposure to the sector, but investors may now be questioning whether long-term prospects in gas markets warrant the massive capital allocation. A supply glut, most noticeably in the US Permian basin, weighed on gas prices last year, and there are few signs of respite as new fields in Australia and Russia come online. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Reuters: Shell sees up to $2.3 billion in fourth-quarter charges, trims oil production sales estimate

(Reuters) – Royal Dutch Shell <RDSa.L> said on Friday it expects impairment charges of up to $2.3 billion in the fourth quarter and trimmed its forecast for quarterly oil production sales, as the Anglo-Dutch oil company faces slowing demand for oil and gas.

The company warned in October that trade tensions between the United States and China, the world’s two largest energy consumers, could hurt demand and take a toll on its performance.

Shell said it expects oil production sales of 6.5 million barrels of oil equivalent per day (boepd) to 7 million boepd for the fourth quarter, compared with its earlier estimate of 6.65 million boepd to 7.05 million boepd. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Mega corruption allegations from an authenticated Shell whistleblower

As you know I claim that the Coastal-CEPSA deal involved many people in a massive bribery scheme to facilitate the transfer of the Shell oil concessions in the United Arab Emirates, into the hands of Chinese National Oil company CNOOC.

Mega corruption allegations from an authenticated Shell whistleblower

Hi John

There are important developments taking place in the 1MDB case that hopefully, little by little will bring the heat closer to Shell management. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell involved in more mega corruption scandals?

Shell wanted exclusive access to the Chinese market and the Chinese wanted their own large oil and gas concessions in the Middle East. Shell had an exclusive 75 years old concession in the United Arab Emirates, which was about to expire on January 2014. What did the Emirati royalty want in order to facilitate this large oilfield concession changing hands? The answer is money, a massive bribe. This is where Oscar Wyatt’s company, Coastal Energy Resources came into the picture.

By John Donovan

A whistleblower who held a senior finance position inside Royal Dutch Shell has made serious allegations relating to the 1MDB scandal, which he claims is the tip of the iceberg of something way bigger and even more sinister. He also claims to have received death threats on numerous occasions since he left Shell.

His decade long employment record with Shell appears to be 100% authentic.

What is the Malaysian 1MDB scandal?

The 1Malaysia Development Berhad scandal or 1MDB scandal is an ongoing political scandal occurring in Malaysia. In 2015, Malaysia’s then-Prime Minister Najib Razak was accused of channelling over RM 2.67 billion (nearly USD 700 million) from 1Malaysia Development Berhad (1MDB), a government-run strategic development company, to his personal bank accounts. (Extract from related Wikipedia article.) read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell CEO Ben van Beurden joins global commission on energy efficiency

Shell CEO Ben van Beurden has been unveiled as part of a global commission to help global progress on energy efficiency.

The International Energy Agency (IEA) has unveiled the group, comprising of business executives, thought leaders and government ministers.

The IEA said energy efficiency will play a “central role” in reaching climate goals, potentially accounting for more than 40% of the necessary emissions cuts globally.

It could meanwhile save the world more than half a trillion US dollars in lower energy bills through 2040. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell News 3 Jan 2019

Singapore — Shell will load the first condensate cargo from Australia’s Prelude FLNG project at end January, according to shipping reports and sources Thursday.

The condensate will be loaded in a 80,000 mt clip over January 31 to February 2, shipping reports showed.

A vessel has not been fixed for the cargo, and shipbrokers said Shell began looking for an Aframax tanker to load the cargo Thursday.

Shell did not immediately respond to an email query seeking comment.

The destination of the cargo is unclear, though trade sources have said that the oil major will likely use the cargo within its own network of splitters and refineries. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell News 21 November 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell News 23 Oct 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell News 25 Sept 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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