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Shell Brent legs: Decom decision ‘postponed’ for giant structures

Shell Brent legs: Decom decision ‘postponed’ for giant structures

A decision on whether Shell will be allowed to keep the giant legs of the Brent field in the North Sea forever has been “postponed”.

Allister Thomas: 4 Sept 2020

The Ospar Commission, the intergovernmental body to protect Europe’s marine environment, confirmed the UK Government has still not made a decision on the controversial plans, 11 months on since the last formal meeting on them.

The legs of the Shell Brent Bravo, Charlie and Delta, made of steel and concrete, each weigh around 300,000 tonnes and are taller than the Eiffel Tower. 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: ‘We will resize as appropriate’

Shell CEO Ben van Beurden has said the energy giant will “resize as appropriate” as it moves to become a “simpler and leaner” organisation.

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Speaking on a conference call, Mr van Beurden said designs to restructure and streamline the firm are now being drawn up, meaning it “will end up, probably, with fewer people”.

Shell, which posted second quarter losses of $18.1billion, currently employs around 83,000 people worldwide, with “really difficult decisions” already being made such as voluntary severance programmes and freezing bonuses to reduce costs. 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 posts $18billion loss in second quarter

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Shell has posted losses of $18.1billion (£14bn) for the second quarter of 2020 as oil, LNG and gas prices remain depressed.

The energy major took an impairment charge of $16.8billion (£12.9bn) – $22.3bn pre-tax (£17.2bn) -as it wrote down the valuation of assets due to the downturn and Covid-19.

Shell’s second quarter results compare to a profit of $3.1bn (£2.39bn) in the same period last year,  while revenues have dropped to $32.5bn, compared to $60bn in Q1 2020 and $90.5bn Q2 2019. 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.

Report shows fossil fuels still make up 90% of Shell and Total’s capital expenditure

Report shows fossil fuels still make up 90% of Shell and Total’s capital expenditure

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Shell and Total are being urged to put their money where their mouth is after a new report showed the pair are still investing much more in hydrocarbons than renewable energy.

Findings from the Institute for Energy Economics and Financial Analysis (IEEFA) revealed around 90% of the oil and gas majors capital expenditure continues to be on fossil fuels.

It estimates that both firms need to shift at least half of their total spend, around $10bn per annum, from oil and gas exploration to acceleration of renewable strategies. 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.

EnergyVoice.com: Shell airlifts workers after coronavirus outbreak on Gulf rig

Shell airlifts workers after coronavirus outbreak on Gulf rig

Workers aboard a Shell Oil offshore rig in the Gulf of Mexico have tested positive for the coronavirus and flown back to land for treatment, a KHOU report says.

Shell Oil, the U.S. subsidiary of energy giant Royal Dutch Shell, has evacuated nine workers from a company platform in the Gulf of Mexico for testing and treatment of COVID-19, the illness caused by the coronavirus. 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.

EnergyVoice.com: ‘Big win’ as Shell urged by more shareholder activists to meet climate targets

‘Big win’ as Shell urged by more shareholder activists to meet climate targets

A shareholder activist group has claimed a ‘big win’ after an increase in the number of investor votes urging Shell to meet its climate targets.

Follow This, which has led a campaign to encourage oil firms such BP, Shell, Chevron and Equinor to align their targets with the Paris Climate Agreement, saw 14.4% of investors vote for its resolution at Shell’s Annual General Meeting (AGM) – an increase from 5.5% in 2019. 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.

EnergyVoice.com: UK regime sees Shell pay no taxes on North Sea business in 2019

Energy giant Shell paid no taxes on its upstream oil and gas business to the UK government last year, instead receiving large rebates, according to a new report.

Shell has published its Payments to Governments report, a legally required document outlining contributions it made to countries around the world in 2019 from its extractive oil and gas activities.

It shows the oil major paid no taxes for upstream to the UK last year, instead receiving a $116.5m (£94.5m) refund from HM Revenue and Customs, mainly related to decommissioning.

Activist group Greenpeace reacted with “anger” to the report and the tax regime in the United Kingdom.

The UK’s system, designed to encourage future investment, means that participators in certain older oil fields can carry-back losses – such as those arising from decommissioning – against profits previously made from them. This can lead to repayments of Petroleum Revenue Tax (PRT). 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.

Worker quarantined on Shell’s Brent Charlie while BP flies a suspected coronavirus case to shore

A worker who has shown symptoms of the coronavirus has been placed into quarantine on Shell’s Brent Charlie platform in the North Sea.

The energy giant said the man has been placed in isolation and that arrangements are being made to fly him back to shore.

A spokesman said: “We can confirm that a colleague on Brent Charlie has been isolated as a precautionary measure, after showing symptoms which may indicate coronavirus.

FULL ARTICLE

RELATED

North Sea ‘chaos’ as more suspected Covid-19 cases spring up

A trade union official has said the North Sea is firmly in the grip of coronavirus “fear” and lamented a perceived lack of leadership. 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.

EnergyVoice.com: Shell spills more oil, flares more gas in Nigeria

Spills in Nigeria for Shell increased to 2,000 tonnes in 2019, from 157 incidents, the company has disclosed in its annual report, up from 1,600 tonnes from 111 incidents in 2018.

These are predominantly a result of sabotage, the company said. Of the 164 spills of more than 100 kg of crude, 95% were the result of “illegal activities by third parties”. Flaring also increased in 2019 in Nigeria, by around 10%.

The number of spills caused as a result of its own operational issues fell to seven incidents, from 15 in 2018. This saw the volume of crude spilled fall to around 30 tonnes of crude, from 400 tonnes in 2018. Where there have been operational spills, SPDC pays compensation to people and communities. 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.

EnergyVoice.com: Shell boss paid £8.7m last year, 87 times more than average UK employee

The energy giant’s annual report showed its boss was paid 87 times more than the average Shell employee in the UK in 2019.

Mr van Beurden took home a base salary of £1.37m, an annual bonus of £705,000, and £6.3m from his long-term incentive plan (LTIP).

His total remuneration, including pension and tax equalisation, came to £8.7m, the Anglo-Dutch firm said.

That total is about £9m lower than in 2018, when he was paid 143 times more than the average UK employee. 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.

EnergyVoice.com: With Big Oil’s future in doubt, new BP boss gets ready to set out vision

As BP Plc’s new chief delivers his vision to transform the company on Wednesday, investors and activists want to know just how much appetite he has to take on the existential crisis facing the oil industry.

12 February 2020

Bernard Looney’s big challenge will be to navigate BP through an energy transition with the world falling out of love with oil, and louder demands from investors to pivot toward clean energy. When climate protesters forced the company to shut its London headquarters last week, the 49-year-old Irishman promised them he would address their concerns.

BP is already taking some modest steps to address climate change, including investment in renewables and selling some of its most carbon-intensive assets. But it remains an oil major through and through, still very much the company that tapped the first fields in Iran early in the last century and drilled wildcat wells on the Alaskan frontier more than 60 years ago. 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.

EnergyVoice.com: Turning proactive oil firms like Shell into pariahs is misguided

Media reports of organisations announcing divestment and a distancing from oil and gas are increasing.

The recent Energy Voice article Royal College of GPs halts OGUK conference over climate concerns is a case in point. In the eyes of many oil and gas has become a toxic brand.

Extinction Rebellion recently blockaded Shell’s Aberdeen headquarters with one protestor saying “we have no option to start weaning ourselves off fossil fuels.”

But isn’t that what Shell state they are doing?

Shell’s Energy Transition Report says: “Changing our portfolio in the long term, beyond 2030 describes Shell’s intent to move in step with society towards a lower-carbon future. It describes our ambition to halve the Net Carbon Footprint of the energy products we sell by 2050. This will mean reducing emissions from our operations, but most of the reductions will come from changing the portfolio of products we sell. 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.

EnergyVoice.com Breaking News: Extinction Rebellion ‘blockade’ Shell’s Aberdeen HQ

Members of the Extinction Rebellion activist group have “blockaded” Shell’s regional headquarters in Aberdeen.

Protestors said they have secured the entrances with locking equipment, and have blockaded the main gate with Extinction Rebellion’s boat, named Amal Gous.

The organisation said it intends to carry out the climate protest at the Tullos base “all day, with the aim of shutting the building down to disrupt business as usual”.

A Police Scotland spokeswoman said they have been made aware and are monitoring the situation.

Extinction Rebellion said its “Red Rebel Brigade” will also be in attendance, with a protest to take place in the city centre, starting at the train station at 1pm before moving on to Union Street and then Aberdeen Harbour. 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.

EnergyVoice.com: Equinor, Shell part of new group preparing ocean renewables plan

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Equinor and Orsted will lead a new group formed to tackle climate change by accelerating the deployment of offshore renewable energy technology.

Other members of the Ocean Renewable Energy Action Coalition include CWind, Global Marine Group, JERA, MHI Vestas, Mainstream Renewable Power, Shell, Siemens Gamesa, TenneT and The Crown Estate.

The coalition was formed in response to the September 2019 Call for Ocean-Based Climate Action made by the High-Level Panel for a Sustainable Ocean Economy. 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.

Extinction Rebellion activists have occupied an oil and gas rig in Dundee Harbour to prevent it from carrying out work for Shell in the North Sea

06 JAN 2020

Three members of the group have scaled the Valaris 122 rig as part of 10 days of “solidarity actions”.

Extinction Rebellion said they are prepared to “stay up there for as long as possible to stop the rig leaving the harbour”.

Industry body Oil and Gas UK condemned the action as a “dangerous and short-sighted stunt”.

Forth Ports, owner of the Port of Dundee, said it had deployed a pilot boat to Alexandra Wharf, where the rig is berthed, and will stay on site as a precaution while they liaise with the rig owners and relevant authorities. 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.

EnergyVoice.com: Shell’s difficult relationship with UK wind energy

Shell’s difficult relationship with UK wind energy

When Shell pulled out of London Array offshore wind project in 2008, it probably didn’t realise it would mean more than 10 years in the UK offshore wind wilderness.

But according to accounts at the time, many in the sector felt scorned – some were downright angry.

Shell was eventually bought out of the £2 billion project by Masdar, but a message had filtered through that the company was perhaps no longer looking at offshore wind as viable option.

Danish firm Dong Energy, one of the major partners in the 341-turbine project, is now Orsted – arguably the biggest offshore wind firm in the world. 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.
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