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Output at Europe’s giant Groningen gas field plunges in Dec, dents Dutch stocks

Natural gas output at Europe’s largest onshore gas field, the Netherlands’ Groningen, continued to fall sharply in December following the Dutch government’s tightening of the production quota, with volumes down 43% year on year.

The rapidly declining output at the field has eaten away at Dutch gas stocks, which have now fallen below Gas Year 2018 levels and are well below the European average.

A production cap has been put in place to prevent earthquakes linked to gas extraction at Groningen and the Dutch government plans to phase out gas extraction at the field completely by mid-2022. 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.

TIME MAGAZINE: The Reason Fossil Fuel Companies Are Finally Reckoning with Climate Change

Shell must grapple with its own existential crisis: How should a company that generates most of its profits by serving the world’s enormous appetite for oil navigate a long-term future in which shifting political and economic tides threaten to make fossil fuels obsolete?

BY JUSTIN WORLAND

A peculiar theme park in the Hague celebrates the history of the Netherlands through a series of miniature models. The Madurodam features little canals, old-fashioned windmills, tiny tulips and, amid it all, an homage to Royal Dutch Shell, the oil giant that is the biggest company in the country and, by revenue, the second largest publicly traded oil-and-gas company in the world. There’s a Shell drilling platform, a Shell gas station and a Shell natural-gas field, complete with a drilling rig. The display is at once odd–energy infrastructure in a children’s theme park–and entirely fitting: Shell has been, for decades, one of the most powerful players both in Dutch politics and on the global economic stage. 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.

A suitcase full of secrets about oil, sex and bribery by Shell

English translation of an article published by the Dutch news media giant nrc.nl 

A suitcase full of secrets about oil, sex and bribery by Shell

Shell in Nigeria A dubious game took place around Africa’s most coveted oil field. New, secret documents from a confiscated suitcase tell how Shell tried to avoid reputational damage.

Former oil minister Dan Etete (r) was the owner of the oil field, but also infected after a conviction for money laundering. Photo Gindl Barbara / AFP

What’s the news?

The Italian prosecutor suspects that the former chief executive of Shell in Nigeria has benefited from the controversial purchase by Shell of the mega-oil field OPL 245 off the Nigerian coast. This is Sunmonu Mutiu, who led the Nigerian division of the Anglo-Dutch oil company. 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.

Nord Stream 2 Confrontation

English translation of two Nord Stream 2 articles published today by the Dutch FD.

Berlin convinced: sanctions cannot stop the construction of the last 160 km of Nord Stream 2

By Pieter Lalkens and Jeroen Groot: 24 Dec 2019

The Solitaire was one of the ships of the Dutch-Swiss offshore company Allseas who worked on the Nord Stream 2. Gas pipeline. Photo: Reuters

In brief

  • Allseas has stopped the construction of Nord Stream 2 under pressure from the American sanctions.
  • But the gas pipeline is simply being phased out, German politicians expect.
  • The latter does entail delays and higher costs.

Although the Dutch-Swiss offshore group Allseas has stopped the construction of Nord Stream 2 under pressure from US sanctions legislation, the gas pipeline from Russia to Germany will be phased out in the view of German politics. The sanctions will only lead to a few months delay and higher costs.

“I assume that the Nord Stream 2 gas pipeline will be delivered in the second half of 2020,” said Peter Beyer, member of the Foreign Affairs Committee of the German parliament, in a conversation with radio station Deutschlandfunk on Monday. 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.

The Guardian: Dutch supreme court upholds landmark ruling demanding climate action

In a formal reply in November, Shell denied it was liable. A month earlier the company’s CEO said it had “no choice” but to invest in oil and claimed it was “entirely legitimate” to do so.

Court rules Dutch government has duty to protect citizens’ rights in face of climate change

The Netherlands’ supreme court has upheld a ruling ordering the country’s government to do much more to cut carbon emissions, after a six-year fight for climate justice.

The non-profit Urgenda Foundation, which brought the case, welcomed the “groundbreaking” judgment.

As well as inspiring cases against other national governments, Urgenda’s success has encouraged campaigners to take up legal arms against corporations. In April a group of social and environmental justice groups led by Friends of the Earth Netherlands began the process of suing the oil firm Shell, arguing that its business model threatens international climate goals and endangers human rights. 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.

The Telegraph: Shell admits to paying no UK corporate tax last year

: 17 DECEMBER 2019 

Royal Dutch Shell has revealed that it paid no corporate income tax in the UK in 2018 despite raking in $731m (£557m) of pre-tax profit on revenues of $108bn in the country.

The new report, published on Tuesday, is the first time the oil and gas titan has released public details of the corporate income tax paid in countries and locations across all its businesses. 

Shell said it would disclose the amount paid in an attempt to be “more transparent”.  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 Group paid no income tax in the Netherlands last year

English translation of an article published today by the Dutch FT

Shell makes little use of tax havens

BY Laurens Berentsen: 17 Dec 2019

In Brief

  • Shell was discredited last year because it does not pay tax on the profit it makes in the Netherlands.
  • The oil company gives openness today about how much income tax was paid in 2018 in the 99 countries in which it operates.
  • Tax director Alan McLean: more openness and facts lead to a better discussion about the tax behavior of the multinational.

The first public report in which Shell shows how much tax it pays per country disproves the image that the oil company is evading tax on a large scale. Less than 5% of the profit ($ 35.6 billion in 2018) is in notorious tax havens.

Shell chooses its locations for economic and not just for tax reasons, the company states in the report, which appears Tuesday. Critics will contradict this, tax director Alan McLean realizes.

Shell became discredited last year when it became known that the company does not pay taxes on the profit it makes in the Netherlands. The tax report, which Shell is publishing today, states that the company made a profit of about half a billion euros in the Netherlands in 2018, including refining and the sale of petrol. Also last year the group paid no income tax in the Netherlands. 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.

LAW360: EU Investigating Dutch Tax Rulings Granted To Shell

EU Investigating Dutch Tax Rulings Granted To Shell

By Matt Thompson · December 4, 2019, 1:01 PM ESTShell has been placed under investigation by the European Commission for possibly illegal tax rulings granted by the Netherlands, the company confirmed Wednesday.

The European Union’s enforcement arm is looking into…

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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.

THE TIMES: Shell shocked as Mitsubishi gets green light for Eneco

The Times

Royal Dutch Shell has suffered a setback in its push into green energy after losing out to Mitsubishi in the €4 billion battle for a Dutch power utility.

The Anglo-Dutch energy group had been pursuing the acquisition of Eneco in a joint bid with PGGM, a Dutch pension fund service provider, but it was beaten yesterday by the Japanese conglomerate.

Maarten Wetselaar, head of Shell’s “new energies” division, said that he was “disappointed” but would continue to look for other opportunities in the transition to greener energy. 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 is taking Greenpeace to court

Printed below is an English translation of an article published 25 November 2019 by the Dutch FT, Financieele Dagblad

Shell is taking Greenpeace to court

From our editor: 25 November 2019

Oil company Shell demands a ban on Greenpeace protests at its Brent oil field.

The step follows earlier actions by the environmental group in the North Sea. In mid-October, protesters climbed the abandoned remains of a drilling platform.

Greenpeace demands that Shell remove these parts. According to Greenpeace, there are still more than 11,000 tonnes of oil in the structures, which will eventually come into the sea if they are left behind. 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.

Closure of the earthquake blighted Groningen Gas Field

Below is a translation of a news brief issued today 7 Nov 2019 – by NAM, the Shell/Exxon Joint Venture company responsible for the earthquake blighted Groningen Gas Field. And also for the consequential potential bill for untold billions to deal with damaged residences like the example in the photograph. Someone forget to mention in the news brief the shocking reason why the Dutch government ordered the closure. The word “earthquake” does not appear anywhere.

TRANSLATION

Close gas field Groningen started in Ten Post

It seems only a signature, but it marks the start of the closure of the Groningen field. At the end of October, NAM transferred the Ten Post gas extraction site to Meuva.  This company will start cleaning up the location around 11 November. 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.

The Dutch Advertising Code Commission reprimands Shell

The Hague, Netherlands — The Dutch Advertising Code Commission reprimanded Shell on appeal for its misleading advertising at Shell’s Generation Discover 2018 children’s festival.

The Board of Appeals ruled that Shell misled children between the ages of 8 and 14 by suggesting its Gas-to-Liquid (GTL) technology would contribute to a better environment and to attaining UN Sustainable Development Goals. The Board strongly recommended that Shell “no longer make advertisement campaigns in this manner.” 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 Cannot Claim Secrecy Over Seized Documents IN OPL 245 Case, Dutch Court Rules

A court in Rotterdam, Netherlands, has ruled against Shell’s attempt to prevent certain documents seized from its headquarters in 2016 from been used against it in a trial over its purchase of Oil Prospecting License (OPL 245).

Under Dutch rule, documents that have been examined by a lawyer and used to make internal recommendations in an organisation cannot be tendered in a trial against that firm based on a professional secrecy law.

Shell had tried to argue that its 15 internal lawyers had viewed the documents in question and deserve the professional secrecy cover. 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.

OPL 245: No professional secrecy for Shell lawyers

Justice is investigating bribery by Shell in Nigeria.

Oil company Shell cannot hide behind the professional secrecy of employees of its legal department in corruption and fraud investigations. The Rotterdam court reached that conclusion in a judgment published Friday afternoon.

The court sweeps the floor with Shell’s argument that the fifteen lawyers who are employed by the oil company in the Netherlands can invoke their professional secrecy. The reason for the judgment, which can have far-reaching consequences for major criminal cases, is a judicial investigation into bribery by Shell in Nigeria. 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.

OPL 245: Mysterious briefcase can finally be opened

The mysterious suitcase can finally be opened. For years prosecutors in the Netherlands and Italy have been waiting for a suitcase full of potentially incriminating documents about the involvement of the Shell and Italian oil companies Eni in a corrupt oil deal in Nigeria. The suitcase was seized by accident in Geneva in April 2016 and has since been the subject of a large number of legal proceedings.

They are now over, according to a judgment published this week by the federal court in Geneva. Both the Italians and the Dutch Public Prosecution Service therefore have access to the case, the Swiss public prosecutor tells NRC . 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.

The New York Times: Earthquakes Are Jolting the Netherlands. Gas Drilling Is to Blame.

GRONINGEN, the Netherlands — Driving through fields of low-lying Dutch farmland you pass an occasional odd cluster of silvery pipes and tanks. They are the only visible sign that deep below this northeast corner of the Netherlands is one of the world’s largest natural gas fields.

Unless you stop by one of the nearby farmhouses weakened by earthquakes linked to gas extraction. At her handsome home in the village of Appingedam, Nicole van Eijkern pointed to sagging external walls and cracked ceilings. Heavy beams buttress her house, inside and out, and it is scheduled to be torn down. 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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