Posts under ‘Oil’

The Guardian

Last-minute bid to stop Shell’s oil exploration in whale breeding grounds in South Africa

Campaigners have filed legal challenge against seismic survey along Eastern Cape province

An 11th hour bid has been launched to try to halt plans by Royal Dutch Shell to explore for oil in vital whale breeding grounds along the Wild Coast of eastern South Africa.

Campaigners filed an urgent legal challenge against the seismic survey, which was scheduled to begin on Wednesday, in a last-ditch bid to prevent it harming whales, dolphins and seals in the relatively untouched marine environment. read more

The Guardian

Pulling the switch: how to find a new clean energy provider in Australia

With the sale of electricity provider Powershop to Shell, many customers drawn to good climate credentials are pondering their options

Rafqa Touma: Tue 30 Nov 2021 23.00 GMT

Since multinational energy giant Royal Dutch Shell expanded into Australia’s residential electricity market by purchasing our greenest power company, Powershop Australia, many of Powershop’s 185,000 customers have apparently considered jumping ship. read more

REUTERS

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

HOUSTON — A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of its 50% interest in the 302,800 barrel-per-day (bpd) Deer Park, Texas, refinery outside Houston to partner Pemex for about $596 million.

The closing was expected as early as Wednesday. read more

EXCLUSIVE Shell eyes return to Libya with oil, gas, solar investments

By Ron Bousso: REUTERS: November 30, 2021: 2:05 PM GMT

Shell faces activist outcry over planned seismic survey of South African coast

By PAUL BURKHARDT and Laura Hurst: Bloomberg

Nov. 29, 2021 at 10:24 am Updated Nov. 29, 2021 at 7:10 pm

Royal Dutch Shell faces a growing campaign against its plans to conduct a seismic survey of potential oil and gas reservoirs off South Africa’s rugged coastline.

The standoff is the latest example of environmental groups’ push to halt oil and gas developments before they even get going – an effort that has been buoyed by an International Energy Agency report saying no new fields can be tapped if the world wants to prevent damaging climate change. read more

METRO

Shell to ‘blast’ South African coastline in search of oil during whale season

Express

Project Fear exposed: Four major warnings Remainers got wrong – as Shell relocates to UK

BREXIT BRITAIN’S latest victory will see oil giant Shell relocate its headquarters to the UK has fuelled new Frexit calls, with a leading campaigner insisting it once again proves how Project Fear was “wrong on everything”.

By PAUL WITHERS: 07:30, Sun, Nov 28, 2021 | UPDATED: 08:51, Sun, Nov 28, 2021

In a huge win for Brexit Britain, Royal Dutch Shell is scrapping its dual share structure and moving its head office to the UK from the Netherlands. The company is dropping “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. The firm has been at the centre of a bitter row with Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, which makes them less attractive for investors. read more

Shell Wild Coast backlash: Petrol stations cut ties over oil exploration

Oil giant Shell has now lost around 30 South African petrol stations. Owners are boycotting the brand over it’s upcoming seismic survey.

todayuknews.com

Shell’s departure deals blow to Dutch pro-business credentials

25 Nov 2021

Stef Blok had an unenviable task for any economy minister last week: explaining how his country was about to lose one of its most high-profile multinational companies.

The decision by oil and gas group Royal Dutch Shell to end its dual corporate structure and move its tax base to the UK, after being in the Netherlands for more than a century, was a “sensitive loss” for the country, Blok told the Dutch parliament. It is particularly embarrassing for the pro-business caretaker government of Prime Minister Mark Rutte. read more

REUTERS

Shell faces anger over takeover of Australian green energy retailer

MELBOURNE (Reuters) – Royal Dutch Shell is facing protests over its takeover of green energy retailer Powershop Australia, with customers threatening to switch to other renewable energy providers to avoid becoming customers of a fossil fuel company.

Shell said on Monday it was expanding into Australia’s household power market by teaming up with Infrastructure Capital Group to buy Meridian Energy’s Australian electricity business, which has more than 185,000 customers, for A$729 million ($526 million). The deal is expected to close in early 2022. read more

The Sydney Morning Herald

Shell takeover of Powershop infuriates green consumers

By Henrietta Cook: November 24, 2021 — 5.46pm

Consumers are abandoning online green energy darling Powershop Australia after Shell announced earlier this week that it would acquire the electricity and gas retailer and 185,000 of its customers.

Political activist group GetUp, which previously encouraged tens of thousands of its followers to switch to Powershop to support cleaner energy, is furious about the $729 million deal. It described Shell as “one of the worst climate polluters in the world”. read more

CITI A.M.

Shell holds talks with investors to push through London HQ move

BY: NICHOLAS EARL: TUESDAY 23 NOVEMBER 2021 4:28 PM

Royal Dutch Shell is looking to persuade investors to back its plan to relocate the company’s headquarters from the Netherlands to UK.

The oil giant’s management team has set up more than 100 meetings with leading investors in recent days to push through historic company, sources told Reuters.

Shell announced earlier this month they would scrap dual Anglo-Dutch share structure, move to London from The Hague, and ditch the Royal Dutch branding after 114 years of holding the name. read more

Shell Launches Shareholder Talks to Win Backing for HQ Move, Sources Say

By Reuters: Nov. 23, 2021, at 5:53 a.m.

Shell said this month it would scrap its dual Anglo-Dutch share structure and move its head office to London from The Hague due to the Dutch tax system and after a court ruling over its strategy to reduce greenhouse gas emissions.

The company also plans to move its tax residence to Britain and drop “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. read more

REUTERS

NZ’s Meridian Energy sells Australia unit for $528 mln to Shell-consortium

November 21, 20217:53 PM GMT:

FULL ARTICLE

Express.co.uk

Brexit success: Shell headquarter move shows Remoaner predictions are ‘other way around’

OIL giant Shell is relocating its headquarters from the Netherlands to the UK, a move some are labelling as proof that Brexit is not synonymous with losing foreign business.

By TERESA GOTTEIN MARTINEZ

Sat, Nov 20, 2021 

Shell has this week announced it was ready to sacrifice the designation “Royal” — from Royal Dutch Shell — to shift its tax residency from the EU to the UK. It already chose the country as its corporate base and primary stock market listing in 2005 but now, “despite Brexit“, the British-Dutch multinational will call London its only home. read more

Brinkwire

Shell is ‘doing its own Brexit,’ with a massive EU snub in favor of the UK move.

BY HELENA SUTAN ON NOVEMBER 20, 2021

Shell is ‘doing its own Brexit,’ with a massive EU snub in favor of the UK move.

THE European Union has been shattered after it was revealed that oil giant Shell is “doing its own Brexit” by moving its headquarters from the Netherlands to the United Kingdom, with one political expert dubbing the news a “political bomb.”

Royal Dutch Shell is getting rid of its dual share structure and relocating its headquarters from the Netherlands to the United Kingdom, which is a huge win for the Brexit campaign. read more