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Royal Dutch Shell CEO Discusses Getting to Net-Zero Emissions

Royal Dutch Shell CEO Discusses Getting to Net-Zero Emissions in 2050; the Importance of Being “In Step” with Society; the “Knock” on Future Demand and on Maintaining “Financial Resilience” in a Crisis

Ben van Beurden speaks with IHS Markit Vice Chairman Daniel Yergin for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations

July 16, 2020 08:00 AM Eastern Daylight Time

WASHINGTON–(BUSINESS WIRE)–Royal Dutch Shell CEO Ben van Beurden talks about the company’s pending announcement on an up to $22 billion asset write down; the historic decision to cut what had been the world’s largest dividend for the first time since World War II; getting to net-zero emissions in 2050 and the future makeup of the company in latest edition of CERAWeek Conversations. 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 Ben van Beurden insists he doesn’t run an oil company any more

By Akshat Rathi and Laura Hurst: 9 JUNE 2020

Royal Dutch Shell Plc had been turning out about 2.7 million barrels of oil each day until the novel coronavirus took hold of the world. Demand for oil, the company’s core product, dropped almost a third in April, and the price of West Texas Intermediate briefly dipped into negative numbers for the first time.

It’s not easy to run an oil major when people suddenly stop needing oil. Chief Executive Officer Ben van Beurden responded by slashing spending and cutting Shell’s dividend for the first time since World War II. And, as critics warned, the company remains saddled with debt from its $53 billion acquisition of BG Group in 2015. 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.

OilPrice.com: A Nightmare Scenario For Offshore Oil

A Nightmare Scenario For Offshore Oil

Editorial Dept: Oilprice.com: May 31, 2020

Between low demand, soaring inventories, depressed prices, a global pandemic, and now, hurricane season, it seems a perfect storm is forming around the offshore oil industry.

The world’s offshore oil market, responsible for 30 percent of all the world’s oil production, is facing an impossible set of challenges. With oil sitting at half the price of its yearly high, and doubts forming around the future of demand, in addition to the ongoing COVID-19 pandemic wreaking havoc on the global economy, companies are struggling to rein in capital spending and are beginning to rethink the future of key projects. 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.

FORECOURTtrader.co.uk: Shell wants to be net-zero emissions business by 2050

Shell wants to be net-zero emissions business by 2050

12 May 2020

Shell aims to be a net-zero emissions energy business by 2050, or sooner if possible, as it focuses on its intention to “lead and thrive” through the transition to a low-carbon energy future.

In a recent Responsible Investment Annual Briefing, the company’s chief executive, Ben van Beurden, revealed an ambition to be net zero on all the emissions from the manufacture of all Shell products by 2050 at the latest. 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.

OilPrice.com: This Supermajor Is Diving Into The Green Hydrogen Game

Haley Zaremba: Oilprice.com February 29, 2020

Hydrogen is often hailed as a silver bullet solution to emissions-free fuel since it burns clean, leaving nothing but water vapor, but the reality of using and producing green hydrogen is much more complicated. Hydrogen is already used as a power source in a lot of modern industries, including ammonia production, in refineries and as a feedstock for chemicals. The vast majority of the hydrogen in use, however, is not green hydrogen, but instead is what is known as “gray hydrogen.” While the hydrogen itself burns clean, the means of producing that hydrogen is actually fossil-fuels intensive (most often using coal or natural gas) and therefore does nothing in the way of decarbonizing the industries in which it is used. 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.

Reuters: Shell and Gasunie plan to build massive Dutch green hydrogen plant

FEBRUARY 27, 2020 / 10:26 AM

AMSTERDAM (Reuters) – Oil and gas company Royal Dutch Shell and Dutch gas company Gasunie [GSUNI.UL] plan to build a massive green hydrogen plant in the northern Netherlands in the next decade, the companies said on Thursday, to cut emissions.

Fueled by a large new wind farm off the coast of Groningen province, the plant would ultimately be able to produce 800,000 tonnes of hydrogen by 2040, the companies said, cutting the Netherlands’ CO2 emissions by about 7 megaton per year. 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.

DutchNews.nl: Shell, Gasunie and Groningen join forces for mega wind and hydrogen plant

February 27, 2020

Oil giant Shell, gas group Gasunie and Groningen’s port authority are joining forces to build a massive offshore wind farm and hydrogen plant in the northern province, Dutch media reported on Thursday.

The plan, dubbed NortH2, will be formally presented on Thursday afternoon but will, the companies say, be one of the ‘biggest renewable energy projects in the world’.

The project is still at the planning stage and definitive investment decisions still have to be taken. 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 DOUBTFUL OF ACHIEVING CLEAN ENERGY TARGETS

Published by Industry Global News24: 06 Jan 2020

The Anglo-Dutch company had promised its investors in 2017 that, it will spend $1 bn to $2 bn per year. The fund will be invested in developing a clean energy project till the end of 2020. The company is falling short of the planned $4 billion-$6 billion to be invested between 2016 to end of 2020. This slow progress is likely to raise concerns from environmental groups that oil companies are not contributing to environmental conservation.

Since setting up the “new energies” division, the country has spent approximately $2 billion in setting up a low-carbon energy and electricity production facility. With only a year left to go, the company is far behind the set investment target of $4 bn-$6 bn. 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.

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

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.

REUTERS: Shell aims to beat power utilities at their own game

By Ron Bousso and Susanna Twidale: Reuters June 19, 2019

LONDON (Reuters) – Royal Dutch Shell wants to build a power business more profitable than the competitive sector’s existing players, banking on its global scale and oil and gas income to maximise on the transition to cleaner energy.

Demand for electricity is set to soar as Asian economies grow and electric vehicles replace petrol cars. Shell is under pressure to shed the Oil Majors’ century-old business model and position itself for a future with lower use of fossil fuels. 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 stealthily seeks a green future

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Shell is looking for a green future in silence

How should Shell still make money if the role of fossil fuels becomes smaller and smaller? The company is sorting out with investments in green start-ups.

Beeldbewerking FD studio

Bert van Dijk

The construction of a large wind farm in the North Sea, an offer for Eneco and the acquisition of the charging station company NewMotion; it is the big steps that everyone can see that oil and gas multinational Shell is putting to a little less fossil. But under the bonnet of Shell and out of view of the general public, many smaller investments in start-ups give at least as interesting an insight into Shell’s view of the future. A search for the green future of Shell. 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: ‘The energy transition gives power back to the customer’

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad. 

Maarten Wetselaar: There has been a period of thirty years in which the industry and we also only talked about the largest oil platforms that were built and the deepest wells that were drilled.’ Photo: Michel de Groot

‘The energy transition gives power back to the customer’

Bert van Dijk: Energy: 12 Sept 2018

ShellRDSA € 27.85 + 1.05% is still an oil and gas multinational, but is sorting for a future in which it will become one of the largest electricity companies. ‘We are faced with a revolution’, says Maarten Wetselaar, member of the Executive Board of Shell in an interview with the FD. He is responsible, among other things, for the New Energies division that was established two 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.

Royal Dutch Shell News 10 Sept 2018

9 SEPTEMBER 2018 • 8:39PM

Like a pair of mysterious soothsayers, Maarten Wetselaar and John Abbott are peering into the future. The world they see is almost unrecognisable from the one we inhabit today, and yet it is only just around the corner. In the west, the petrol car has become obsolete. Lorries are powered by liquid natural gas. Freight liners criss-cross the oceans fuelled by hydrogen. Solar and wind provide the energy to our homes. And the petrol station has been reimagined as an unlikely retail hotspot where people routinely gather to do their food shopping, pick up parcels, and sip artisan coffee. A convoy of vehicles are being rebooted at one of many charging points on the forecourt. FULL ARTICLE 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.

Royal Dutch Shell News 25 August 2018

Aristofanis Papadatos: 25 August 2018

Summary

  • Royal Dutch Shell has not cut its dividend since World War II and is currently offering a 5.6% dividend yield.
  • The oil major has frozen its dividend for 18 consecutive quarters.
  • The big question is whether it will raise its dividend amid excessive free cash flows and a brightening outlook of the oil sector. FULL ARTICLE
  • 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 Spreads Its Bets Around as It Prepares for a Greener Future

    Shell closed a deal to buy First Utility, a British energy company that owns neither power plants nor gas pipelines, in March. CreditTom Jamieson for The New York Times

    By Stanley Reed

    COVENTRY, England — There seems to be little about the scrappy energy company in central England that would appeal to Royal Dutch Shell, the button-down oil giant. The little company, First Utility, is an upstart challenger. It offers friendly customer service, and low prices on electricity and natural gas. But it doesn’t own any power plants or gas pipelines; First Utility is a virtual energy company — the product of technological advancement and deregulation. 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.

    ‘We need to change, and that is what Shell is going to do’, says UK chair

    Sinead Lynch, UK country chair for Shell, said yesterday that the oil giant knows that it “needs to change” in the coming energy transition, and “that is what Shell is going to do”.

    Written by  – 

    As part of a panel at the All-Energy conference in Glasgow, Ms Lynch said that Shell was part of a movement within the industry which was recognising the energy transition and that Shell was “beginning that change”. She said: “Shell has a deep history and deep roots across Scotland, in our upstream business where we have been investing in and producing from the North Sea for 50 years. But also in our downstream business where we have been producing a number of downstream products to our customers here for almost a 100 years, and that’s a range of products that’s beginning to change. FULL ARTICLE 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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