Gazprom

Shell sorry and pledges to stop buying Russian oil

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BBC NEWS

Shell sorry and pledges to stop buying Russian oil

Shell has pledged to stop buying oil from Russia as it apologised for its purchase of cheap Russian crude at the weekend.

The energy giant also said it would close all its service stations in the country and stop all current work in the country.

Shell came under huge criticism at the weekend after it purchased a cargo of Russian crude at a discounted price.

Its boss said on Tuesday, however, that it was wrong to buy Russian oil.

“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil… was not the right one and we are sorry,” Mr van Beurden said. read more

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Shell announces intent to withdraw from Russian oil and gas

Mar 8th, 2022

by John Donovan.

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Shell announces intent to withdraw from Russian oil and gas

Mar 8, 2022

Shell plc (Shell) today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases of Russian crude oil. It will also shut its service stations, aviation fuels and lubricants operations in Russia.

“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel – despite being made with security of supplies at the forefront of our thinking – was not the right one and we are sorry. As we have already said, we will commit profits from the limited, remaining amounts of Russian oil we will process to a dedicated fund. We will work with aid partners and humanitarian agencies over the coming days and weeks to determine where the monies from this fund are best placed to alleviate the terrible consequences that this war is having on the people of Ukraine,” said Shell Chief Executive Officer, Ben van Beurden.

“Our actions to date have been guided by continuous discussions with governments about the need to disentangle society from Russian energy flows, while maintaining energy supplies. Threats today to stop pipeline flows to Europe further illustrate the difficult choices and potential consequences we face as we try to do this. Following government statements this week, I want to set out our position clearly. Unless directed by governments, we will: read more

Shell is already backtracking on its boycott of Russian oil

Mar 8th, 2022

by John Donovan.

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QUARTZ

Shell is already backtracking on its boycott of Russian oil

By Aurora Almendral Published March 7, 2022

Since the start of Russia’s invasion of Ukraine on Feb. 24, traders have struggled to unload Russian oil: Western buyers are adhering to a voluntary embargo in response to the violence, and in case sanctions start hitting the oil industry.

On Tuesday, March 1, Shell was lauded for cutting ties with Russian firms Gazprom and Salym Petroleum, and for ending its involvement in the Nord Stream 2 gas pipeline. “We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” Shell CEO Ben van Beurden said at the time. “Our decision to exit is one we take with conviction.” read more

SHELL STILL BUYING OIL FROM RUSSIA! BOYCOTT SHELL

Mar 7th, 2022

by John Donovan.

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BOYCOTT SHELL?

Shell criticised for buying oil from Putin’s Russia despite Ukraine invasion

Emails received in the last 24 hours…

FROM СЛАВА (Full name and email address supplied). An ordinary Ukrainian girl whose father is fighting for Ukraine

Dear Shell Company! YOUR FUEL IS UKRAINIAN BLOOD!

Please, DON’T SUPPORT RUSSIA! You are still operating in RUSSIA – Ukraine’s aggressor! CLOSE CONNECTION WITH RUSSIAN TERROR STATE RIGHT NOW!!!

STOP THE GENOCIDE OF UKRAINE!

Russia has been conducting terror and crime against humanity on Ukrainian land and cities for nine days already! WE URGE the whole international community to STOP THIS WAR because YOUR families and homes WILL BE THE NEXT! read more

‘Does it smell like Ukrainian blood?’ Shell under fire after buying cut-price Russian oil

Mar 7th, 2022

by John Donovan.

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fin24/Bloomberg

‘Does it smell like Ukrainian blood?’ Shell under fire after buying cut-price Russian oil

6 March 2022

After taking a barrage of criticism for buying a cargo of Russian crude, Europe’s largest oil company Shell says it’s navigating the market with government guidance.

“We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight because of how significant Russia is to global supply,” Shell said in a statement on Saturday. “We have been in intense talks with governments and continue to follow their guidance around this issue of security of supply.” read more

Shell buys Russian oil days after saying it would limit business with the country for its ‘senseless act of military aggression’ against Ukraine

Mar 7th, 2022

by John Donovan.

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Shell buys Russian oil days after saying it would limit business with the country for its ‘senseless act of military aggression’ against Ukraine

Bethany Biron: Sat, March 5, 2022, 8:54 p.m.

Shell announced on Saturday it purchased Russian oil to prevent market interruptions and ensure supply security.
Shell previously said it would limit business with Russia, including divesting from Gazprom, a Russian majority state-owned energy company.
“We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight because of how significant Russia is to global supply,” Shell said.

Shell announced it purchased a cargo of crude Russian oil, just days after the oil giant said it would limit business with the country in response its “senseless act of military aggression” against Ukraine.

In a statement shared to Twitter on Saturday, Shell said it made “the difficult decision” to buy the oil from Russia — the world’s third-largest oil producer and a major gas exporter to Europe — citing concerns over market interruptions and supply security. read more

Shell finance chief Jessica Uhl quits after oil supermajor’s move to London Jessica Uhl cites ‘family reasons’ as she steps down

Mar 3rd, 2022

by John Donovan.

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Evening Standard

Shell finance chief Jessica Uhl quits after oil supermajor’s move to London

Jessica Uhl cites ‘family reasons’ as she steps down

The respected finance chief who oversaw Shell’s historic relocation to London is leaving the company after almost two decades, having decided moving her own family to the UK long-term is “not sustainable”.

Mother-of-three Jessica Uhl, who has held finance roles in London, Houston and The Hague since joining the oil super-major from Enron in 2004, will step down as CFO on March 31.

Uhl will be replaced by Sinead Gorman, a civil engineer by background who joined Shell in 1999 and steps up from her role as head of finance of its global upstream business. She will be based in London full-time. read more

Shell joins BP in pullback from Russia

Mar 1st, 2022

by John Donovan.

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FT: Shell joins BP in pullback from Russia

Neil Hume and Tom Wilson in London

Shell said it would end all three of its joint ventures with Kremlin-backed Gazprom, including its 27.5 per cent stake in the huge Sakhalin-2 liquefied natural gas project…

The company’s Russia business was already contentious for some staff, not least because four Shell employees were among those killed when Malaysia Airlines flight MH17 was shot down over Ukraine in 2014.

FULL FT ARTICLE

Shell intends to exit equity partnerships held with Gazprom entities

Feb 28th, 2022

by John Donovan.

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Shell intends to exit equity partnerships held with Gazprom entities

Feb 28, 2022

The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

“We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” said Shell’s chief executive officer, Ben van Beurden. read more

Shell abandons Russia and Nord Stream 2 pipeline

Feb 28th, 2022

by John Donovan.

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The Telegraph

Shell abandons Russia and Nord Stream 2 pipeline

Oliver Gill, chief business correspondent
Rachel Millard
James Warrington
Giulia Bottaro

28 FEBRUARY 2022 • 8:07PM

Shell has pledged to sever ties with the Kremlin by exiting its joint ventures with the Russian state-backed energy colossus Gazprom.

The oil giant said it will end its tie-up with Gazprom by selling its 27.5pc stake in the Sakhalin 2 liquefied natural gas (LNG) plant and will stop working on the Nord Stream 2 pipeline project, which Germany put on ice earlier this month.

Shell’s Russian assets were valued at $3bn at the end of last year. read more

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

Feb 28th, 2022

by John Donovan.

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The Guardian

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

Rob Davies: Mon 28 Feb 2022 18.57 GMT

Shell is to exit its joint ventures with Russian state energy firm Gazprom, a day after BP said it would offload its 20% stake in Kremlin-owned oil firm Rosneft, as British businesses scrambled to distance themselves from Vladimir Putin.

The oil company said it would “exit its joint ventures with Gazprom and related entities”, which are worth about $3bn. read more

Shell Exit from Russia

Feb 28th, 2022

by John Donovan.

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SHELL EXIT FROM RUSSIA

By John Donovan: 28 Feb 2022: 7.30 pm UK

I advised a news media source several hours ago that the prospect of a Shell exit from Russia had been discussed at the highest level of Shell.

An article has subsequently been published confirming Shell’s exit.

I had already raised the issue in a couple of article headlines I published yesterday about BP pulling out of Russia. read more

Shell intends to exit equity partnerships held with Gazprom entities

Feb 28th, 2022

by John Donovan.

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Shell intends to exit equity partnerships held with Gazprom entities

LONDON, February 28, 2022 – The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

BP to dump 20 percent stake in Russian oil firm Rosneft: Shell Russia Exit Next?

Feb 27th, 2022

by John Donovan.

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EXPRESS

BP to dump 20 percent stake in Russian oil firm Rosneft after Putin’s ‘acts of aggression’

OIL GIANT BP has announced that they will be offloading their stake in a Russian state-owned oil company in response to the invasion of Ukraine.

By CHARLES HARRISON: 17:30, Sun, Feb 27, 2022 | UPDATED: 18:57, Sun, Feb 27, 2022

The massive oil company has announced that it will be offloading its 19.75 percent stake in Russian state-owned oil company Rosneft.

BP Chairman Helge Lund said: “Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region.”

It has led the bp board to conclude, after a thorough process, that our involvement with Rosneft, a state-owned enterprise, simply cannot continue.

Business Secretary Kwasi Kwarteng said he had left BP’s boss with “no doubt about the seriousness of government concerns about BP’s overexposure to Russian interests” after a meeting on Friday, according to an official. read more

BP pulling out of Russia? What about Shell?

Feb 27th, 2022

by John Donovan.

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BP to offload stake in Russian oil firm Rosneft

BBC Breaking News: 27 Feb 2022

BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia’s “act of aggression in Ukraine”.

The oil giant had come under pressure from the UK government to make the move since Thursday’s invasion.

It has held the shareholding in the Russian company since 2013.

BP chief executive Bernard Looney has resigned “with immediate effect” from the Rosneft board, as has fellow BP-nominated director Bob Dudley. read more

Shell faces $1bn hit if Nord Stream 2 never opens

Feb 27th, 2022

by John Donovan.

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Emily Gosden, Energy Editor: Saturday, February 26 2022, 12.01 am: THE SUNDAY TIMES

Shell may have to write off up to $1 billion that it has invested in the Nord Stream 2 pipeline after Russia’s invasion of Ukraine increased the likelihood that it may never be allowed to start up, analysts have warned.

The oil major has bankrolled 10 per cent of the cost of constructing the 750-mile pipeline under the Baltic Sea, which is designed to double the flow of gas from Russia directly to Germany.

The project, owned by Gazprom, the Russian state gas giant, has long been opposed by America on security grounds. Construction was completed in September, but it has not gained approval from Germany to start up. read more

30 November 2023: Posted by John Donovan

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more

Extremely Slow Shell Broadband

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Mar 8, 2022

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SHELL EXIT FROM RUSSIA

By John Donovan: 28 Feb 2022: 7.30 pm UK

I advised a news media source several hours ago that the prospect of a Shell exit from Russia had been discussed at the highest level of Shell.

An article has subsequently been published confirming Shell’s exit.

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OIL GIANT BP has announced that they will be offloading their stake in a Russian state-owned oil company in response to the invasion of Ukraine.

By CHARLES HARRISON: 17:30, Sun, Feb 27, 2022 | UPDATED: 18:57, Sun, Feb 27, 2022

The massive oil company has announced that it will be offloading its 19.75 percent stake in Russian state-owned oil company Rosneft.

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