WASHINGTON – Legislation sanctioning construction companies that help complete a controversial Russian pipeline delivering natural gas to Europe cleared a critical legislative hurdle Wednesday.
The Senate Foreign Relations Committee approved the bill, sponsored by Sen. Ted Cruz, R-Texas, and Sen. Jeanne Shaheen, D-N.H., who described the legislation as critical to limiting Russian influence in Europe at a time Moscow is working to interfere in elections there and in the United States.read more
Why energy companies are still investing gasoline in the age of the electric vehicle
Tucked away off a Houston highway and behind a tightly-secured check point, Royal Dutch Shell’s tree-lined campus is packed with hundreds of researchers working on the next technological breakthroughs that could transform how the Anglo-Dutch oil major powers the world economy through the energy transition.
As Shell’s largest research and development center, the 200-acre Houston campus has 1,500 employees and hundreds of contractors. They’re working on everything from formulating new biodiesel to advancing liquefied natural gas into transportation fuels. Their research also extends into something more tangible in the near term: how to improve gasoline.read more
Energy giant Shell has brushed off persistent talk about technical problems dogging the start-up of the huge Prelude floating LNG project off Australia’s far north-west coast but has signalled the first LNG cargo from the closely watched venture may still be several weeks away. FULL ARTICLE
Shell Offshore Inc. has agreed to pay a $2.2 million civil fine to the federal government to settle charges that the company violated the Clean Water Act by spilling 1,900 barrels of oil into the Gulf of Mexico in May 2016 when a subsea pipeline cracked at the company’s Green Canyon oil field. FULL ARTICLE
ROYAL Dutch Shell boss Ben van Beurden has underlined the fact the company wants to grow in the UK North Sea even as he expressed concern about the prospect of a no-deal Brexit. Speaking after Shell posted a 36 per cent increase in annual profits to a four year high of $21.4 billion (£16.3bn), from $15.8bn, Mr van Beurden said the oil giant believed a no deal Brexit would be “a very bad outcome” but had prepared for the possibility. FULL ARTICLE
************************************************
FUEL giant Shell came under fire yesterday after unveiling a 36 percent profit leap – while “exploiting hardworking motorists”.
Executives at the British-Dutch company were jubilant after reporting a £4.3billion surplus for the final quarter of last year. But critics pointed out that the “strong financial performance” came at the expense of millions of drivers. Campaigners are demanding a new watchdog for pump prices after they rose more than 11 percent year-on-year. FULL ARTICLEread more
The firm also faced widespread shareholder opposition over chief executive pay last year.
Mr van Beurden said: “I feel an attack on Shell as an attack on my personal integrity. It’s something I feel deeply, probably at least once a day. If I can reduce that to once every other day, I’ll know that we are making progress.
“Of our three strategic ambitions – to become a world-class investment case, to thrive through the transition to lower-carbon energy and to have a strong societal licence to operate – I’m confident that we can achieve the first two.
“But I can’t see a sure path towards strengthening our societal licence to operate just yet.
“We need to change people’s perceptions through better performance and behaviours. And we need to have a better dialogue with civil society in some parts of the world.”
Marissa Luck, Houston Chronicle: Monday, Jan 7, 2019
The Gulf Coast has become home of one the largest producers of a common plastic: Shell fired up its fourth alpha olefins unit at its chemical plant in Geismar, Louisiana, the company said Monday.
The multi-billion dollar expansion adds 425,000 metric tons per a year in capacity to the chemical manufacturing site, bringing its total alpha olefin production up at Geismar to more than 1.3 million metric tons per a year. That makes it the largest alpha olefins producing site in the world, the company said.read more
..reacting to the allegation of intimidation, Mr Bamidele Odugbesan, Media Relations Manager of Shell, denied use of force to compel the company’s host communities to sign the JIV report.
27 August 2018
The Joint Task Force (JTF) in the Niger Delta and oil major, Shell on Monday denied allegations of coercing the leadership of Aghoro 1 community in Bayelsa to sign a disputed report on oil spillage.FULL ARTICLE
Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors including Germany’s Uniper SE and Wintershall AG providing half of the 9.5 billion-euro ($11 billion) in cost.
By Elena Mazneva and Anna Shiryaevskaya | Bloomberg
August 27 at 12:00 AM
A planned new natural-gas pipeline into Europe from Russia is shaking up geopolitics. Nord Stream 2, as it’s called, worries leaders in Eastern Europe, has stirred the ire of U.S. President Donald Trump and has put German Chancellor Angela Merkel on the hot seat. FULL ARTICLEread more
By Jordan Blum: April 13, 2018Updated: April 13, 2018 8:19am
What did you know and when did you know it? Those are the questions increasingly directed at Big Oil as concerns about global warming, rising sea levels and climate change grow. For a few years now, Exxon Mobil has faced a bombardment of allegations — which the Texas oil company denies — that it knew about climate change related to fossil fuels in the 1970s and buried the evidence. State investigations in New York and Massachusetts continue to focus on whether Exxon Mobil misled the public and the company’s investors. Now Exxon’s European counterpart, Royal Dutch Shell, is facing similar allegations that it was aware of the impact of fossil fuels on climate decades ago, but continued to produce and sell petroleum products. FULL ARTICLEread more
The leaders of the world’s largest and most powerful energy companies are talking about the fight to mitigate human-caused climate change.
Some are even putting their money where their mouths are.
While some conservative political leaders still deny that the Earth is heating up due to humans burning fossil fuels and releasing greenhouse gases, the people who produce those fuels and chemicals have recognized the imperative to limit global warming to a rise of 2 degrees Celsius.read more
Photo: JONATHAN NACKSTRAND, Stringer: Shell is a shareholder in the Elgin rig, shown here operating 150 miles from Aberdeen in the North Sea in 2012. Shell is selling stakes in 10 North Sea fields.
Jordan Blum, Houston Chronicle: Updated 7:01 am, Wednesday, January 31, 2018
BP said it made two successful discoveries in the North Sea – one of which is with fellow Big Oil giants Royal Dutch Shell and Chevron. BP said it struck oil in its Capercaillie prospect in the central North Sea east of Scotland, as well as the northwestern corner of the North Sea in the Achmelvich well, the latter of which is the partnership with Shell and Chevron. The discoveries lend optimism to a slowly rebounding offshore energy sector, especially in the North Sea that’s so critical for Europe’s oil supplies. FULL ARTICLEread more
Shell Oil Co. plans to plow around $200 million into a Tennessee solar company, the latest deal that finds a major oil company investing in renewable energy as the industry prepares for a day when crude demand plateaus. A unit of Houston’s Shell Oil will purchase almost half of Silicon Ranch Corp., a Nashville company that operates solar projects around the United States, for up to $217 million, the company’s biggest investment in utility-scale solar energy yet, the company said on Monday. Shell Oil is the U.S. subsidiary of Royal Dutch Shell, the Anglo-Dutch oil major. FULL ARTICLEread more
Steve Hill, executive vice president of Shell Energy, discusses Shell’s growth in the liquefied natural gas industry aboard Dynagas’ Lena River LNG carrier as its docked at Cheniere Energy’s Sabine Pass LNG
By Jordan Blum: December 7, 2017
SABINE PASS, La. – In 2011, Cheniere Energy was a little-known company with big ambitions when it signed an $8 billion contract that would transform the United States into an exporter of liquefied natural gas after decades of relying on foreign suppliers. Five years later, just days before the Houston company shipped its first LNG cargo, another big deal gave a jolt to nascent U.S. industry. Royal Dutch Shell bought Cheniere’s customer, BG Gas for $50 billion, a move that made Shell the world’s largest international LNG producer and marketerand allied it with this nation’s biggest LNG exporter. Shell remains Cheniere’s best customer, buying almost half the production of Cheniere’s massive Sabine Pass LNG terminal.FULL ARTICLEread more
Royal Dutch Shell said Sunday the aftermath of Hurricane Harvey is causing the shutdown of its massive refining and petrochemical complex in Deer Park. Shell is closing one of Texas’ largest refineries, which can refine more than 315,000 barrels of crude oil a day into gasoline and other petroleum products. “The top priority of Shell Deer Park is to operate in a safe and environmentally sound manner. Due to continued inclement weather conditions from Hurricane Harvey, Shell Deer Park is conducting a controlled/planned shut down of the refinery and chemical plant,” Shell said in an email response.FULL ARTICLEread more
The departure is the latest milestone for a gigantic venture the European company sanctioned two years ago in the face of a raging oil bust that forced many of its rivals to scuttle offshore plans. As oil prices tumbled, Royal Dutch Shell spent $600 million and employed 1,500 workers in Texas and Louisiana alone to fabricate parts for the so-called Appomattox platform, the company’s largest in the Gulf, expected to start pumping oil 80 miles off Louisiana by the end of the decade. Even so, Shell says it could still wring a profit from its 125,000-ton platform with oil prices below $50 a barrel, after deep cost cutting. FULL ARTICLEread more
It’s a world of worry for oil companies: Houston Chronicle: 8 July 2017
Some oil companies have made moves to brace for a future in which oil plays a diminishing role. Many are increasing investments in the production of natural gas, the fuel of choice for generating electricity, and some are investing in renewables. BP, for example, operates a wind farm in West Texas. In June, Royal Dutch Shell announced it plans to acquire MP2 Energy… Read More
Nigeria Delta Communities Demand Stake in Ex-Shell Oil Block: Bloomberg: 8 July 2017
A group of communities in Nigeria’s Niger River delta demanded a stake in an oil block it said it was promised when Royal Dutch Shell Plc sold its share to a local company six years ago. Read Moreread more
Floundering at Scotford: The most profitable downstream site, we are losing good leader after leader, and we can’t figure out why? Maybe having mangers that say people get paid too much and don’t work hard enough and driving morale into the tank is the problem? When you actively devalue people, what do you expect? Now you throw a 5% raise at us? Really? What a disaster!
Bonus Group: Further to my post about how seriously Rob Jager takes his role as VP Prelude, his profile on LinkedIn shows him as being a Non Executive Director for Air New Zealand above being a Shell VP for Prelude. He is clearly a high flyer. Do Air New Zealand do Airmiles?
John Donovan: Oliver, regarding your message, please contact me via [email protected]
singapore love: Rumor on the street is the Shell Vito project is over a year behind schedule, AND Shell plans to double down and award Whale to the same contractors in the coming weeks.
Must be some serious love going on between the Singaporeans and Shell decision makers....
Bonus Group: To uscitizen,
BRAZIL:
'PS - Shell is investing 2 billion a year into Brazil and already paying off'. Assuming $2Bn (you did not quote currency), that would just about cover Shell's share of the costs of replicants, operating expenses and of course managers' BONUSES!
$2Bn would represent approximately 10% of Shell's income in 2018.
https://reports.shell.com/annual-report/2018/consolidated-financial-statements/statement-of-cash-flows.php
FPSO unit cost: our initial case ($91bn total capex) assumed a cost of $2.5 billion for each of 13 FPSO units. However, our research shows a wide range of possibilities for this cost depending on the vessel configuration; plus the fact that Brazilian shipyards should get better at building them so the cost could reduce over time. Also the project might choose to lease rather than buy the FPSOs outright, which could improve economics for the consortium depending on the lease terms.
http://openoil.net/wp/wp-content/uploads/2016/12/OO_br_Libra_narrative_1.0_161104.pdf
Bonus Group: To uscitizen,
BG GROUP ASSETS SOLD BY SHELL SUBSEQUENT TO TAKEOVER:
Petrobras and Total announced that they have finalized a decisive milestone in the realization of their Strategic Alliance, signed in March 2017, with the completion of the following transactions: Transfer from Petrobras to Total of 22.5% of the rights of the Iara area, which comprises the Sururu, Berbigão and Oeste de Atapu fields in Block BM-S-11A in the Santos Basin pre-salt, operated by Petrobras (42.5%) alongside Shell (25%) and Petrogal (10%). The consideration for the above transactions amounts to US$1.95 billion, including closing adjustments. This amount does not include US$ 400 million that can be triggered by Petrobras to carry a part of its investment share in the Iara development fields and contingent payments.
http://www.petrobras.com.br/en/news/petrobras-and-total-complete-the-transfer-of-rights-in-the-lapa-and-iara-concessions-as-part-of-their-strategic-alliance.htm
Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion, banking sources said, marking a milestone in its drive to reduce debt after buying BG Group.
https://www.reuters.com/article/us-shell-m-a-northsea/shell-set-to-sell-3-billion-north-sea-assets-to-chrysaor-idUSKBN15B14M
Including this week’s US$750 million sale of an offshore shallow water gas field in Thailand.
https://www.jwnenergy.com/article/2018/1/shell-has-sold-us27-billion-assets-acquiring-bg-group-charts/
The deal covers Shell’s interests in the fields Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster, Everest, Lomond and Erskine, and a 10% stake in Schiehallion. Shell also announced on Tuesday that it had sold its stake in a Thai gas field for $900m to a subsidiary of the Kuwait Foreign Petroleum Exploration Company.
https://www.theguardian.com/business/2017/jan/31/shell-sells-north-sea-oil-gas-fields-chrysaor-linda-cook
TOTAL: $5.7Bn = 21% of $27Bn
uscitizen: Bonus group, Contradict myself - lol. Poor guy - like I said do your own research - tell us what you find, you will look like the irrational uneducated poster you are. PS - Shell is investing 2 billion a year into Brazil and already paying off. Do you ever look anything up?
Bonus Group: To US Citizen. Thank you for your post of September 9th 2019 20:12. Congratulations on also being an avid reader of this blog. You are correct in my post of June 26th 2019 23:05 I did say that '..Shell had a ‘fire sale’ of a plethora of BG ‘dross’ assets in order to raise $30Bn to disguise the amount by which they had overpaid for BG Group.' More correctly, Shell had a ‘fire sale’ including a plethora of BG ‘dross’ assets in order to raise $30Bn to disguise the amount by which they had overpaid for BG Group. This does not detract from the fact that Shell did have a 'fire sale' in order to raise $30Bn. By my estimation Shell over paid for BG Group by about 30%. The Christmas boxes were very large, but the presents were very small. You contradict yourself when you say that you will not do my homework for me, but then tell me that the split of the $30Bn assets sold was 80:20 Shell:BG. Is that correct? If so, thank you that just goes to show how worthless those BG assets were, but then that is what you can expect from a Cappuccino and Belgian chocolate lifestyle company. Any comments about what the Brazil Asset are up to these days?
uscitizen: To Bonus Group - the large percentage of assets sold by Shell were non BG assets. I will not do your homework for you, but the split is 80/20. A great example of why you do not take what this sites protagonists post as good information. But go ahead, say I am wrong and also posting garbage, do your research and tell me the number of BG asset sales vs the 30 billion Shell raised thru asset sales.
This is not a Shell website. Click on Disclaimer link at top of page for more information.
OPL 245 CORRUPTION SCANDAL: LATEST NEWS
$1.3bn Malabu Oil Scandal: Italy Protests Swiss Delay in Releasing Evidence against Shell, Eni 22 Jun 2019 04:10 This Day Chika Amanze-Nwachuku with agency report
Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with regard to …
FG names Shell, Eni executives in $1bn bribery case – The Punch 08 May 2019 11:43 Google ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal 08 May 2019 10:01 Herald Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.
FG said in the court files …
FG names Shell, Eni executives in $1bn bribery case 08 May 2019 08:09 Punch Newspapers ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245 02 Mar 2019 10:19 Biz Watch Nigeria Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.
Shell said in a …
John Donovan’s ebooks
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON. EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
Why energy companies are still investing gasoline in the age of the electric vehicle
Shell Offshore to pay $2.2 million fine for 2016 Gulf spill
By 
ROYAL Dutch Shell boss Ben van Beurden has underlined the fact the company wants to grow in the UK North Sea even as he expressed concern about the prospect of a no-deal 
The boss of oil giant Shell has admitted he is “still unhappy” with the firm’s safety performance, despite pledging a redoubling of efforts in 2018.
Shell’s greener future is a matter of survival
..reacting to the allegation of intimidation, Mr Bamidele Odugbesan, Media Relations Manager of Shell, denied use of force to compel the company’s host communities to sign the JIV report.
By 
Comments RSS Feed
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.