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Shell boss Ben Van Beurden facing a shareholder revolt over his £7.8m pay packet

The boss of oil giant Shell is facing the threat of a revolt over his £7.8million pay packet.

Institutional Shareholders Services, a leading investor advisory group, is recommending that Ben van Beurden’s pay is voted down at the annual general meeting later this month.

ISS said it also wants more information about how the 60-year-old’s bonus was affected by an incident in Pakistan in 2016, when a fuel tanker operated by a Shell Pakistan contractor exploded, killing more than 200 people. read more

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Selection of Shell related news stories 16 March 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Eni and Shell trial over Nigeria kickbacks postponed

Eni and Shell stand accused of handing out bribes during the 2011 purchase of an offshore oil block estimated to hold 9 billion barrels of crude, for $1.3 billion

A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfield in Nigeria was delayed for two months on Monday.

The trial had been set to start in a Milan court, but the judge said that, due to a high number of cases, it would be transferred to another chamber to avoid further delays. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil giant Shell wins latest UK court fight over Niger Delta pollution claims

PRESS ASSOCIATION

Oil giant Shell has defeated the latest legal bid by thousands of Nigerians to have their damages claims over pollution dealt with by the English courts.

Last year, a judge in London made a ruling which meant that any compensation actions by two Nigerian communities affected by oil spills would have to be heard in Nigeria.

The communities later went to the Court of Appeal to challenge the decision of Mr Justice Fraser.

On Wednesday, judges in London dismissed their appeal by a majority of two to one. read more

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Shell entangled in Nigerian bribery: Ex bosses at oil major set to stand trial in Italy

Oil majors Shell and Eni, and ex-bosses at both firms, are due to stand trial in Italy over alleged corruption over an £800million field in Nigeria.

Former Shell director Malcolm Brinded, 64, who was given a CBE in 2002 for services to the oil and gas industry, is among 15 accused, including Eni’s chief executive Claudio Descalzi.

Prosecutors say a large part of around £800million paid by Shell and Eni in 2011 was distributed as bribes.  read more

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Eni and Shell to stand trial in Italy over Nigeria kickback scandal

Oil giants Eni and Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria.

…email exchanges between Shell management cited in a report by corruption watchdog Global Witness, and seen by AFP, suggest that Shell was aware the money was likely to be funnelled to individuals, including Etete and Jonathan.

Italian giant Eni and fellow petroleum company Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria.

A judge in Milan ordered Eni, Shell and key figures such as Eni chief Claudio Descalzi and his predecessor Paolo Scaroni to stand trial in proceedings to begin March 5. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Female staff at oil giant Shell earn a FIFTH less than their male colleagues

  • Royal Dutch Shell’s gender pay gap report showed a difference of 22.2 per cent 
  • The oil giant said the gap was largely down to the lack of women in senior roles 
  • Two-thirds of the group’s employees are male and just 33 per cent are female

Female staff at Royal Dutch Shell earn more than a fifth less than their male colleagues, the oil giant has revealed.

The FTSE 100 group’s gender pay gap report showed a difference of 22.2 per cent on average for male and female employees in the UK.

But it said it was ‘confident we have equal pay’ and stressed the gap was largely down to the lack of women in senior management roles and higher-paid technical and trading jobs.

Two-thirds of the group’s employees are male and just 33 per cent are female, it said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

A billion US dollars poured into Royal Dutch Shell

One of the two funds poured a billion US dollars into Royal Dutch Shell, the Anglo-Dutch oil and gas company. The Shell Technology Ventures Fund then invested in ‘production and exploration’ technologies, such as innovative oil rigs. The universities have faced protests from staff and students over their investments in fossil fuels in recent years.

Oxford and Cambridge Universities have made secret investments into offshore funds, it was revealed last night. The university bodies, as well as 29 Oxbridge colleges, have together paid tens of millions to firms based in tax havens including the Cayman Islands. One fund was a joint venture to develop oil exploration and deep-sea drilling, according to the Paradise Papers. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Oil firm Shell planning to open its first UK electric car charging point next month

Oil firm Shell is planning to open its first UK electric car charging point next month.

Cars will be able to re-charge at a yet-to-be disclosed location in London. Bosses are trying to adapt as transport and other industries move away from fossil fuels. Demand for electric cars is expected to soar, with about 150m on the roads by 2040.Shell expects to open around 10 electric charging points around London by the end of the year. More will follow depending on customer demand. The firm ultimately wants 20 per cent of its retail fuel margins globally to come from non-diesel or petrol cars. In July Shell boss Ben van Beurden admitted his next car would be electric as he set out the future of the company. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell warns of safety risks at occupied Nigeria plant

Hundreds of protesters from the Kula and Belema communities in Nigeria’s restless southern Rivers state have occupied the plant since August 11 to press their demands for jobs and better living conditions. “The illegal occupation of Belema Flow Station and Gas Plant in Rivers State has safety implications both for the people at the facilities and nearby communities,” the company’s Nigerian subsidiary, Shell Petroleum Development Company, said in a statement on Sunday. It said it was “deeply concerned that unauthorised persons, including women and children, have been observed in close proximity to equipment that processes crude oil and gas without the protection of safety clothing.” Shell said the occupation “exposes people at the plant to higher safety risks as anything could trigger a spill or fire with potentially serious consequences.” FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Protestors occupy Shell plant in Nigeria

Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday. “We want Shell to hand over the operations of the flow station to Belema Oil Company because it appreciates our challenges and needs,” community leader Godson Egbelekro told AFP. Protesters from the Kula and Belema community in Nigeria’s restive southern Rivers state said the community has suffered through decades of poverty and neglect. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell plans 400 job cuts at Dutch projects and technology department

By Tom Bergin

LONDON, July 31 (Reuters) – Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters. The world’s second-largest oil company by market capitalisation said in a statement responding to questions from Reuters that “approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018”. That represents around a quarter of the roles at the department, according to the staff consultation document seen by Reuters. The group employs 92,000 worldwide. “Shell is transforming into a simpler company,” a spokesman said, adding the final number of job cuts would be subject to consultation with employees. He declined to answer detailed questions about the consultation document. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell sees oil demand peaking by late 2020s as electric car sales grow

The prospect of a decline in oil consumption after more than a century of growth as the world switches to burning cleaner fuels is gathering pace. On Wednesday Britain announced plans to ban diesel and gasoline vehicles by 2040, following a similar move by France. “I think they are very welcome announcements, they are also very needed announcements,” van Beurden told reporters after Europe’s biggest oil company reported a sharp rise in quarterly profits. Under the Anglo-Dutch company’s most aggressive scenario of battery-powered vehicles replacing traditional internal combustion engines, consumption of oil will peak in the early 2030s, he said. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Investors to press Shell over climate pay policy small print

By Ron Bousso

LONDON, May 17 (Reuters) – Investors are pushing oil giant Royal Dutch Shell to explain the finer details of its plan to link executives’ bonus pay to lowering carbon emissions, urging more transparency as the world shifts away from fossil fuels.

Shell was hailed by investors as a pioneer among the world’s biggest fossil fuel producers when it announced the policy to tie 10 percent of executives bonuses to cutting greenhouse gas emissions, which will be voted on at a May 23 annual general meeting in the Hague. read more

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Shell News Wednesday 5 April 2017

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Shell News Stories Friday 24 March 2017

Shell sells onshore Gabon oil assets to Carlyle for $587 mln: Reuters/Daily Mail

EXTRACT: For Shell, the deal marks a further step in a $30 billion asset disposal programme to help cut debt after its $54 billion acquisition of BG Group last year. The Anglo-Dutch oil company has sold assets for more than $15 billion since 2016.

WSJ: Shell report cites “astonishingly high” pollution from Nigerian oil spills: Seeking Alpha

EXTRACT: Royal Dutch Shell (RDS.A, RDS.B) oil spills that have not been cleaned up for more than eight years have contributed to “astonishingly high” levels of pollution in a Nigerian community, WSJ reports, citing a consultant who helped produce a confidential damage assessment for the company and its partners. The former director of the cleanup project says Shell has denied him permission to publish the study’s results, which dictated a need for health screenings in the Bodo community. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan
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