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Deep pockets are strong points for Eneco bidders Shell and PGGM

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Deep pockets are strong points for Eneco bidders Shell and PGGM

Carel Grol

Shell and PGGM want to expand Eneco ‘into a European player, while maintaining the sustainable strategy’. And geographically focused on Northwest Europe. This was reported by the oil company and the pension provider on Monday when they expressed their interest. And now?

One thing is clear: Shell and PGGM have not bought Eneco. Not yet. The sales process will take months. There will be an auction. Price is not the only criterion here: it is also about issues such as sustainability and employment.

Leader

Adriaan Visser, the D66 alderman in Rotterdam who boosts sales, and Eneco CEO Ruud Sondag, have both hinted at great interest. “I do not think there are five parties,” Visser said in February last year about possible bidders. Sunday, a month ago: “We are a great company. Leader in the energy transition. ‘ So he expected a lot of bids. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell and PGGM want to buy Eneco together

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Shell and PGGM want to buy Eneco together

Bert van Dijk: Martine Wolzak

Oil and gas multinational Shell and pension provider PGGM want to bid together for Eneco, one of the three largest energy companies in the Netherlands. The combination is the first party to publicly announce its interest. Shell and PGGM agree to jointly want to expand Eneco into a European player, while maintaining the company’s sustainable strategy.

The shareholders of Eneco, 53 Dutch municipalities, announced at the end of last year after one and a half years of internal dispute to sell the company through a ‘controlled auction’. Interested parties are invited to make an offer, but they also have different criteria than price. At Eneco, this includes guarantees for the sustainable character and retention of employment. The market takes into account a sales price of around € 3 billion. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

We do not intend to buy Eneco with a load of debt and then strip it.

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

‘Shell must become a greener company? Well, here we are’

Maarten Wetselaar (l) and Frank Roeters of Lennep: ‘We do not intend to buy Eneco with a load of debt and then strip it.’ Photo: Peter Boer

Bert van DijkMartine Wolzak

Eneco does not have to worry about losing its sustainable character when it comes to selling to Shell and pension provider PGGM. That is what the two potential buyers of the Dutch energy company say to the FD. Some of the shareholders and staff are afraid that a sale will put an end to Eneco’s sustainable strategy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 15 Jan 2019: Two articles

January 15, 2019

Jamie Oliver has defended his decision to sign a reported £5 million deal with Royal Dutch Shell despite years of campaigning for action on climate change. The television chef said that he had anticipated the accusations of hypocrisy that he has faced since news leaked of his agreement to design a range of deli food for the oil major’s British petrol stations. Oliver said that he had “thought a lot” before signing the deal, but had reached the conclusion that “there are pitfalls working for any client and they all have their own baggage”. He argued that the partnership “was absolutely worth it” if it meant that people had access to better-quality food. The chef, who was named an “environmental champion” by the UN Environment… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 9 January 2019: 5 different articles

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.

SOURCE

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell’s revived interest in Wind Energy needs to be taken with a pinch of salt

Article by Paddy Briggs in response to a recent story in “The Times” – “Wind farms are back on Shell’s horizon.” Taken with his permission from Paddy’s Blog.

My 40 years in Shell taught me one thing – it is a Corporation that’s very good at oil and gas, but hopeless at anything else! In my time here’s a partial list of things we tried but couldn’t make work:

  • Nuclear
  • Metals
  • Coal
  • Forestry
  • Solar
  • Wind
  • Agrochemicals
  • Electricity Generation
  • Convenience Stores
  • Biofuels
  • Fast food
  • Home insulation
  • Natural Gas retailing…

The way to the top in Shell is based on the skills of finding and extracting of hydrocarbons occasionally augmented by those who can refine, market or trade and transport them. If in doubt the top management always retreats to its oily comfort zones. We dipped a toe in many waters but diversification was not really what we did. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 2 Jan 2019

Shell’s wind development division considers Britain, including the North Sea, to be a key offshore market: ARTERRA/UIG/GETTY IMAGES

Royal Dutch Shell is considering bidding for rights to develop offshore wind farms in British waters as the Anglo-Dutch oil major seeks to re-enter the UK sector after a ten-year absence.

Dorine Bosman, Shell’s vice-president of wind development, said that the company was interested in seabed leases that are due to be awarded this year by the Crown Estate. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 27 December 2018

Spreadsheet-analysing investors in control of trillion-dollar funds are forcing polluters to change

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan. Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050… This December it pledged to set firm short-term emissions targets from 2020 that will be tied to executive pay. “If we don’t meet them there will be consequences to my salary and others,” said Ben van Beurden, Shell’s chief executive. FULL FT ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 26 December 2018

Jessica Jaganathan: December 26, 2018

SINGAPORE (Reuters) – Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.

Though the project started up later and cost more than originally estimated, it is expected to further cement Australia’s lead as the world’s biggest LNG exporter, after the country took the crown in November. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 18 December 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 10 December 2018

FULL ARTICLE

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FULL ARTICLE

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Shell News 5 Dec 2018: Includes latest on OPL 245 graft case

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 3 December 2018

By DAVID MEYER A year ago, Royal Dutch Shell said it was going to halve the carbon intensity of its operations and products by the middle of the century. That followed investor pressure, and now the energy giant’s shareholders have scored another major win. Shell issued a big announcement Monday: Not only will it be setting short-term targets in line with its longer-term “Net Carbon Footprint” ambition, but it will also be linking these targets with executive remuneration. Greener Shell = richer executives, or at least that’s the plan — the link will be subject to a shareholder vote at the company’s 2020 AGM. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell links concrete climate targets to executive pay

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Shell links concrete climate targets to the top reward

Royal Dutch Shell CEO Ben van Beurden

Bert van Dijk: 3 December 2018

Oil and gas multinational ShellRDSA € 26.71 – will set concrete medium and short-term climate goals. The remuneration of the top of the company is partly made dependent on the achievement of those goals. With this, Shell is meeting pressure from large shareholders who asked for it.

Shell announces the changes in a joint statement with shareholders. The changes must go into effect in 2020.

Climate agreement of Paris

In 2017, Shell formulated the ambition for the first time to reduce its CO₂ footprint (a measure to measure CO₂ emissions, ed.) Of its energy products by 2050. Although CEO Ben van Beurden then indicated that he wanted to be settled, the company did not give concrete medium and short-term goals. Shell did not want that, because the company was afraid, among other things, to lose too much flexibility when making business decisions. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 2 December 2018


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…

Want to read more?

FULL ARTICLE

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ROYAL DUTCH SHELL NEWS 12 NOVEMBER 2018

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