Posts under ‘Hydrogen’

Shell plays down risk of stranded oil and gas reserves

The disclosure is a rare admission by a major oil and gas company that some of its reserves may be worthless in a world shifting to renewable energy from fossil fuels in an effort to stem global warming.

The Anglo-Dutch company said in a document to investors summarising its climate strategy that around 75% of its proved oil and gas reserves will be produced by 2030, with an additional 3% produced after 2040.

Since late 2019, Shell has wiped out over $20 billion from the value of its oil and gas reserves after lowering the outlook for commodity prices because of the energy transition and the impact on demand of the COVID-19 pandemic. read more

Shell hunts for hydrogen opportunities in Australia in net zero push

Shell Australia Chair Tony Nunan said the company sees hydrogen and carbon capture and storage as essential to the company’s net zero ambitions, and Australia is well placed to be competitive in both of those technologies.

Australia, like its biggest coal and gas customers China, Japan and South Korea, has mapped out a hydrogen strategy, with plans to become an exporter by 2030, using its vast wind and solar resources to produce “green” hydrogen and natural gas and carbon capture for “blue” hydrogen. read more

Energy firms bet on hydrogen boom, but payday far away

By Ron Bousso, Stephanie Kelly: March 3, 2021: 4 MIN READ

“Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy,” Royal Dutch Shell CEO Ben van Beurden told the CERAWeek online conference this week.

The universe’s most abundant element, hydrogen has been touted for decades as an alternative to fossil fuels, but attempts to commercialise it for use in vehicles and industry have largely failed.

So far, commercial-scale production has been from natural gas or coal and it is a niche market used mainly in oil refining and heavy industry. read more

Shell in Germany seeks to speed up drive to go green

By Vera Eckert

FRANKFURT, Feb 26 (Reuters) – Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and renewable power and to increase to commercial scale an electrolysis plant that makes fossil-free hydrogen, as it seeks to move away from crude oil.

The energy major told an online conference on Friday it had applied for subsidies to carry out the work from the European Union and from German funds earmarked for decarbonisation. read more

Shell’s Strategy Is Satisfactory

Summary

• This article takes a close look at Shell’s Strategy Day 2021, which focused on a net-zero emissions target and the businesses that Shell plans to operate.
• Ultimately, Shell isn’t changing its strategy too much, sticking to its core oil and gas businesses.
• By focusing on oil and gas and value over volume, Shell is a safer bet than BP which is betting big on a risky corporate restructuring.

The purpose of this article is to analyze Shell’s recent and very important Strategy Day. Shell had promised to give a lot of detail on an organizational restructuring at this event and it had the potential to radically change Shell’s direction. This means the Strategy Day presentations had a possibility to change my bullish thesis on the company. In that article I also gave some of my expectations of what I expected to see in Shell’s Strategy Day, and here I review the key takeaways of the Strategy Day and what they mean for my bullish thesis. read more

Shell puts electric charge into green energy future

Royal Dutch Shell plans to operate as many as 2.5 million electric vehicle charging points globally by 2030 under a new emissions-reduction strategy that will see its oil output decline.

The Anglo-Dutch oil giant sought to flesh out its 2050 net zero emissions goal with a plan to focus on customer-facing business such as electricity sales, rather than power generation like its peers. It intends to operate half a million charging points by 2025, up from 60,000 today, and could increase this to 2.5 million by the end of the decade. read more

The Sunday Telegraph: Sunday 7 February 2021. Business Section Page 6

Rival BP is powering ahead with it renewable future, but despite first-mover advantage the Anglo-Dutch giant is yet to map out a path to sustainable returns, finds Rachel Millard

Shell’s boss Ben van Beurden says he hopes he will travel less even after the pandemic is over, having found it “really valuable” to spend more time with his family during 2020.

“Life will be different – how big and how much is hard to say;” he told staff via the corporate website last month. read more

Massive losses should be a warning to big oil that its bonanza is over

Covid has battered the industry, and the race for renewables is speeding up. We are at a tipping point

Sun 7 Feb 2021 07.00 GMT

The final months of 2020 were a tough end to a tough year, according to BP’s chief executive. But Bernard Looney’s verdict on the worst financial year in the industry’s history is a devastating understatement. It was a period marked by thousands of job cuts, battered dividend policies and record multibillion-dollar losses. read more

Shell targets power trading and hydrogen in climate drive

By Ron Bousso: FEBRUARY 1, 2021: 8 MIN READ

LONDON (Reuters) – Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources said.

Shell and its European rivals are seeking new business models to reduce their dependency on fossil fuels and appeal to investors concerned about the long-term outlook for an industry under intense pressure to slash greenhouse gas emissions. read more

How Royal Dutch Shell is riding this huge trend

Jay Yao: Fri, 15 January 2021, 5:39 pm

It’s becoming more and more clear that low carbon is the future for the energy industry.

The green sector is a huge and growing one as the world will need low carbon energy to fight against global warming. The world will also need green energy to continue developing economically.

Royal Dutch Shell (LSE: RDSB) management has taken notice of this huge trend and has adjusted its future plans. With the market having awarded many green energy companies with high valuations, I think there could be upside potential if the company executes correctly. read more

Shell letter to the FT: Demand for clean energy is spur for change at Shell

From Ed Daniels, Executive Vice-President, Strategy & Portfolio, Shell, The Hague, The Netherlands

Your article “Will Shell case accelerate the shift to green energy?” (The Big Read, January 12) argues that Shell “can still continue to expand its fossil fuel businesses while meeting its ‘net zero’ emissions goal”. That is neither practically possible, nor true to our intent.

Shell’s intent is visible in the way the company is already, and enthusiastically, moving into low and zero-carbon energy while lowering our net carbon footprint. Shell knows it must do so today if it is to be a successful business in the future. That is the spur for change: the fact Shell’s customers are increasingly demanding cleaner energy. read more

Ship Orders Slump 50% With Owners Unsure Which Green Fuel to Use

By Elizabeth Low and Jack Wittels: 8 January 2021, 09:00 GMT

• LNG, ammonia and hydrogen among alternative fuel contenders
• Orders at lowest in at least two decades in 2020: IHS Markit

Article Extracts

Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which alternative technology to switch to.

Ammonia, hydrogen, biofuels and electrification are some of the many contenders to power the world’s future merchant fleet, but most are only in the trial stage and won’t be scalable for at least a decade. With the life of a commercial ship averaging around 20 years, opting for a technology that doesn’t take off could be very costly. read more

Hydrogen seen as green way forward

By ZHENG XIN | China Daily Global | Updated: 2021-01-06 00:00

Global energy giant Royal Dutch Shell is also betting big on China’s hydrogen development while further involving itself in the country’s hydrogen projects after it unveiled its first commercial hydrogen project in China in November, which includes a 20-megawatt electrolyzer that will produce hydrogen and supply refueling stations in Zhangjiakou, one of the co-hosts of the Beijing 2022 Winter Olympics. read more

Hydrogen plane startup ZeroAvia gets backing from Amazon, Shell

By Nick Carey: DECEMBER 16, 20205:06 AM

LONDON (Reuters) – Hydrogen plane startup ZeroAvia said on Wednesday it had secured $21.4 million in a funding round led by Bill Gates’ Breakthrough Energy Ventures to develop zero-emission commercial aircraft.

Backers for the California-based startup, which has completed 10 test flights with a six-seater propeller plane powered by hydrogen, included Amazon and energy giant Royal Dutch Shell. read more

The new black gold? Big Oil bets on retail networks in an electric era

Subway and McDonald’s, the world’s two biggest food chains, both have fewer outlets than Shell… Shell’s retail division, known as “marketing”… has the world’s biggest network of filling stations…45,000 retail sites over more than 80 countries…Shell plans to expand its retail network by more than 20% to 55,000 sites worldwide by 2025

Ron Bousso: 3 December 2020 read more

Oil Majors Are Paying The Price For Investing In Renewables

By Alex Kimani – Nov 19, 2020, 7:00 PM CST

Big Oil has been frequently lambasted for trying to burnish its green credentials through half-hearted investments in renewables. That might have been true for much of the past decade, but it appears to be changing as the oil and gas majors have started putting down big money into clean energy. For instance, European oil majors including BP Plc. (NYSE:BP), Royal Dutch Shell (NYSE:RDS.A), Eni SpA (NYSE:E), Total SA (NYSE:TOT), and Norwegian national oil company Equinor ASA (NYSE:EQNR) have already invested billions of dollars in renewable energy and made big clean energy commitments.Yet, Big Oil just can’t seem to catch a break, with stocks of oil and gas companies that are investing heavily in renewables being punished by the markets. read more