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Houston Chronicle

Houston Chronicle: Climate change also poses a threat to oil’s exploration budgets, report finds

The growing threat of climate change and the evolving transition toward cleaner energy alternatives are threatening spending on traditional oil and gas exploration worldwide, according to a new report.

The largest energy companies are reducing exploration budgets and facing more pressure from shareholders to conduct more exploratory drilling around the world, even amid growing reserves of oil and gas, according to energy research firm Wood Mackenzie. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Chron: ‘A sector in disarray’: Oil majors live beyond their means on investor payouts, study finds

“Investors are gradually moving away from energy stocks. A look behind the dividend payments of the leading companies helps explain why. For the core business of these companies, there is more money going out than coming in.” 

The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.

The study from the Cleveland-based Institute for Energy Economics and Financial Analysis found that the five largest Big Oil majors — Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total — spent $536 billion on shareholder dividends and stock buybacks since 2010 while bringing in just $329 billion in free cash flow. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Houston Chronicle: Chemical makers launch projects to tackle plastic waste

Atlanta-based Nexus Fuels is turning hard to recycle plastic waste into liquid feedstock for Royal Dutch Shell to manufacture new plastics.

The world’s rapidly mounting plastic waste and the public reaction to its impact on marine and wildlife is challenging the booming petrochemical industry, but the world’s biggest energy companies are increasingly stepping up with new projects to take on these challenges.

Royal Dutch Shell, BP and Houston’s LyondellBasell have all announced new projects or pilot plants in recent weeks to address recycling plastics that are the hardest to transform back into reusable materials. The latest came from Shell, which has begun making petrochemicals from plastic waste in a process known as chemical recycling. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Climate change lawsuits ask whether fossil fuel companies are responsible

Photo of Chris Tomlinson Nov. 4, 2019

Just 20 energy companies account for one-third of greenhouse emissions since 1965, according to a new study.

The Climate Accountability Institute’s Richard Heede tallied up all the fossil fuels extracted by every company through 2017 and calculated the emissions. The data is public, the math is straightforward and the emissions are indisputable.

The top 10 companies, in order, are, predictably, Saudi Aramco, Chevron, Gazprom, Exxon Mobil, National Iranian Oil Co., BP, Royal Dutch Shell, Coal India and PEMEX. More details are available online at http://climateaccountability.org/carbonmajors.html. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

USA legislation targeting Russian Nord Stream 2 project pipeline moves ahead

Investors include Royal Dutch Shell, which maintains a U.S. headquarters in Houston, and four other European energy firms.

Cruz legislation targeting Russian pipeline moves ahead

Greenpeace image relating to Shell/Russia Arctic Drilling Plans

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Why energy companies are still investing gasoline in the age of the electric vehicle

Why energy companies are still investing gasoline in the age of the electric vehicle

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News 1 Feb 2019: 7 Articles

Shell’s Prelude floating LNG project has taken longer than expected to start up.  Shell Australia

By Angela Macdonald-Smith: 01 Feb 2019

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

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Shell Offshore to pay $2.2 million fine for 2016 Gulf spill

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

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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

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FUEL giant Shell came under fire yesterday after unveiling a 36 percent profit leap – while “exploiting hardworking motorists”.

By CYRIL DIXON

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 ARTICLE read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News 7 Jan 2019: Three different news items

Ben van Beurden Photographer: Aaron M. Sprecher/Bloomberg

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.

Written by  – 

Chief executive, Ben van Beurden, raised a call to redouble the firm’s focus on safety last year after a number of serious incidents in 2017.

An overturned tanker spill and explosion in Pakistan caused the tragic death of 200 people, while there were also fatalities in Canada and Nigeria.

Mr van Beurden added he is also focusing on restoring trust in the oil firm.

He said: “I’m still unhappy with our safety performance.

“In 2018, sadly two people died on our watch – one at a refinery in Germany and another at an onshore well in the USA.

“More broadly, the safety performance at our facilities has improved, but our performance on personal safety is worse than the previous year.

“We have to step up our efforts to keep people safe.”

Mr van Beurden also said that he can see that trust has noticed an “eroding” or trust in the UK, the Netherlands and the USA.

Shell came under heavy criticism from climate groups in 2018, with high profile opposition coming from investor group Follow This.

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.”

SOURCE

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News 2 November 2018

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News 15 October 2018

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News 13 October 2018

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News 28 August 2018: Shell denies coercion…

..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 ARTICLE read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell takes its turn in the climate change spotlight

Photo: Michael Macor, Staff / The Chronicle

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 ARTICLE read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Don’t believe in climate change? Energy companies do

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

BP announces North Sea discoveries with Shell, Chevron

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 ARTICLE read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell invests in solar, but still plowing money into oil

Still, as company invests in solar firm, it plans to commission oil production vessel

Photo: John Davenport, STAFF

January 15, 2018 Updated: January 15, 2018 9:29pm

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 ARTICLE read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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