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Royal Dutch Shell News 5 Sept 2018

By Vanand Meliksetian – Sep 04, 2018, 3:00 PM CDT

Royal Dutch Shell has invested significantly in LNG with its takeover of British Gas in 2016. The acquisition of BG for more than $50 billion provided the Dutch company with a head start during a period when prices were low. Shell’s capacity in the LNG industry is nearly double compared to its nearest competitor. The company’s value currently is $53 billion less than Exxon’s, the largest oil and gas company in the world. Before the deal, the difference was more than $150 billion. FULL ARTICLE read more

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Big Oil’s Next Major Move

By Tim Daiss – Jul 08, 2018, 10:00 AM CDT

Several oil majors, including Royal Dutch Shell and BP, are boosting their share of natural gas output. A Bloomberg report said these two oil companies, by increasing gas production, are trimming the lead between them and ExxonMobil, the world’s largest publicly traded oil company. ExxonMobil has a current market cap of $348 bn, while Shell has market cap of $317 bn, and BP at $156 bn.

BP expects by 2020 to produce about 60 percent gas and 40 percent oil, a reversal from 2014 when it was the opposite – a pivot that many other oil companies will likely follow. ExxonMobil for its part currently produces about 55 percent oil and 45 percent gas and remains the largest natural gas producer in the US. Shell’s acquisition of UK-based BG Group for $50 bn in 2016 boosted the share of natural gas to 50 percent of its global fossil fuels output and made it the world’s largest natural gas trader. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

The Netherlands Can’t Afford To Keep Its Natural Gas Promise

By Vanand Meliksetian – Jul 03, 2018, 3:00 PM CDT

The Netherlands has been the source of cheap energy for northwest Europe for the past decades. The discovery of the Groningen gas field, the 9th largest in the world, provided a reliable source of energy in a period when the oil market was rocked by embargos due to the Yom Kippur War in 1973. The future of the Dutch gas sector, however, looks bleak due to two important developments in 2018: a political decision to reduce production with a timeline to stop entirely until 2030 and a new climate agreement. The Netherlands is preparing to make major changes regarding the role of gas in people’s lives. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s Profits Soar From Strong Asian Demand

By Tsvetana Paraskova – Apr 20, 2018, 10:00 PM CDT

Oil major Shell has snapped up over 8 million barrels of June-loading crude oil grades from the Middle East and Russia and has resold some of the cargoes in Asia, taking advantage of the strong Asian demand, Reutersreported on Friday, citing five trading sources.

Wider Brent premium over the Middle Eastern benchmark Dubai this month has made Atlantic crude oil supplies more expensive than the Middle Eastern and Russian supplies, which are priced off the Dubai benchmark. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

New Document Suggests Shell Knew About Climate Change 30 Years Ago

An internal Shell report from 1988 has revealed the supermajor was aware of the effect of its business on climate. The report, uncovered by Dutch journalist Jelmer Mommers from the De Correspondent news platform, has been published in the Climate Files and might just make life that much more difficult for the Anglo-Dutch company.

The document is an in-depth study of what was at the time called global warming with references to an earlier study and suggestions that the company was interested in researching climate change at least since 1981. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell To Enforce 3:1 Ratio For Gas And Oil Output

By Zainab Calcuttawala – Mar 08, 2018, 3:00 AM CST

In an effort to halve its carbon emissions by the year 2050, Royal Dutch Shell will ensure it produces triple the amount of natural gas compared to oil, CEO Ben van Beurden said during Houston’s ongoing CERAWeek. “Over time, this net carbon footprint ambition will transform our company’s product mix,” van Beurden said. The company’s targets aim to lower emissions from its own operations and the burning of fossil fuels by its customers. Shell will also begin selling energy from its wind farms to offset the carbon output of its hydrocarbon business, the CEO said. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell To Shut Louisiana Refinery Gasoline Unit For Overhaul In June

By Tsvetana Paraskova – Feb 23, 2018, 6:00 PM CST

Royal Dutch Shell plans to shut for a planned overhaul the 92,000-bpd gasoline producing unit at its refinery at Convent, Louisiana, for some six weeks starting in June, Reuters reported on Friday, quoting sources familiar with the refinery’s plans. The gasoline-producing fluid catalytic cracking unit (FCCU) at the 227,586-bpd Convent refinery, as well as the alkylation unit with 16,500 bpd capacity, are planned to be shut for an overhaul this summer, after Shell scrapped plans in November last year to permanently close the gasoline-producing unit at Convent. Shell decided not to permanently close the gasoline unit in early 2018, opting instead to overhaul it to extend its production life for at least another four to five years, Shell spokesman Ray Fisher told Reuters at that time. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Why The Next Oil Boom Will Be Fueled By Blockchain

By Meredith Taylor – Feb 21, 2018, 6:00 PM CST

Big Oil is due for a disruption.

The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long.

But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector.

It’s official: Blockchain technology has infiltrated Big Oil.

The hype behind blockchain has reached a full-blown frenzy. And for good reason.

The technology, which creates secure ledgers for digital transactions and rapidly accelerates the pace at which transactions can be made, has the potential to disrupt every major industry: real estate, shipping, banking and healthcare. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Appeal Court Says Shell Can’t Be Tried In UK For Nigerian Oil Spills

By Tsvetana Paraskova – Feb 14, 2018, 2:30 PM CST

The UK Court of Appeal ruled on Wednesday that Nigerian communities cannot pursue Royal Dutch Shell in UK courts over oil spills in the oil-rich Niger Delta, upholding a previous High Court ruling that UK-based multinational companies cannot be tried in England for the actions of their subsidiaries overseas.  

In a 2-1 ruling today, the Court of Appeal dismissed the appeal filed by law firm Leigh Day on behalf of the Bille and Ogale communities in Nigeria, upholding a January 2017 High Court ruling that courts in England and Wales don’t have jurisdiction to hear lawsuits against Shell’s Nigerian unit, Shell Petroleum Development Company (SPDC). read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Inks Another Solar Deal

By Irina Slav – Jan 18, 2018, 9:00 AM CST

Just a couple of days after it acquired a hefty stake in a U.S. solar company, Shell has made another solar move, closing a power supply deal with British Solar Renewables. Shell Energy Europe, the regional marketing and trading unit of the supermajor, will receive the whole output of the Bradenstoke solar power plant—the second-largest in Britain—for a period of five years. On Monday, Shell said it will buy a 43.8-percent stake in Silicon Ranch Corp, a solar energy company currently part of the Partners Group’s energy portfolio. A second agreement signed by Shell also gives it an opportunity to increase its stake in Silicon Ranch after the year 2021. The deal should officially close by March. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Eni, Shell To Stand Trial Over Alleged Corruption In Nigeria

By Tsvetana Paraskova – Dec 20, 2017, 11:30 AM CST

An Italian judge ordered on Wednesday oil majors Eni and Shell, as well as Eni’s CEO Claudio Descalzi and other former and present managers at Eni and Shell, to stand trialover alleged $1.3-billion corruption in an acquisition of an oil block in Nigeria back in 2011.

Giusy Barbara, a preliminary hearing judge at a Milan court, set the trial to begin on March 5, 2018, in Milan.

In February this year, Italian prosecutors asked for Eni, Shell, Descalzi, and ten others to stand trial over charges of alleged international corruption over alleged payment of US$1.3 billion in bribes to the former Nigerian government in 2011, for which Eni and Shell allegedly secured exclusive rights to develop the oil block OPL-245 offshore Nigeria. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Idles Six Nigerian Power Plants After Gas Shortage

By Tsvetana Paraskova – Dec 07, 2017, 11:00 AM CST

Nigeria’s lack of infrastructure is hampering the transportation of gas to power plants, and six plants are currently sitting idle in the country because they lack gas, according to Shell’s Nigerian unit, Shell Petroleum Development Company (SPDC). “The reason is because we have about six power plants in this country that are standing idle that are not getting gas. The reason why they are not getting gas, even though we are flaring 800million scuf per day is that we don’t have enough pipelines to deliver the gas to the power plants,” SPDC Senior Commercial Adviser, Upstream Gas, Emmanuel Anyaeto, said at a gas forum. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell

By Tsvetana Paraskova – Nov 22, 2017, 4:00 PM CST

In a bid to reduce gas flaring and pay off outstanding reparations for the 1990 invasion of Kuwait, Iraq has hired Japanese firm Toyo Engineering to help it build a gas pipeline to Kuwait, in what could be a blow to Shell’s gas ambitions in Iraq, industry sources tell Reuters. “Iraq is furious at Shell and prospects don’t look that great for the Basra gas company,” according to an Iraqi industry source. FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Gears Up For Peak Gasoline

By Jon LeSage – Nov 07, 2017, 3:00 PM CST

Royal Dutch Shell is hedging its bets over the next two decades with expectations that motor fuel consumption will be diminishing and other markets rising.

Since the oil price plummet it 2014, Shell has transitioned its business model over to refining oil, offering other refined oil products, and producing petrochemicals. The oil giant will produce well beyond gasoline to serve other growing economic sectors, and to offset the role EVs will play by the 2030s. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Will Shell’s Gas Gamble Pay Off?

By Cyril Widdershoven – Sep 16, 2017, 6:00 PM CDT

Supermajor Royal Dutch Shell has decided to divest its Iraqi oil assets in a move to focus on its future in natural gas. The industry giant is seemingly breaking from its oil heritage to head full speed into the “Golden Age of Gas.” Shell’s decision to leave Iraq’s upstream oil assets is not without risk, however, as the market for natural gas is even more oversupplied than it is for crude oil.

Reuters reported the move first, based on a letter from the Iraqi ministry of oil, followed by a confirmation from Shell. The Dutch heavyweight indicated to the press that its oil asset divestment in Iraq is in line with its strategy to focus more on natural gas and downstream activities. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

The North Sea Oil Recovery Is Dead In The Water

At an oil industry conference in the North Sea’s oil capital, Aberdeen, the chief executives of BP and Royal Dutch Shell both offered bullish assessments for the turnaround underway off the coast of Scotland. BP’s Bob Dudley said the North Sea is “back to growth,” according to the FT. So, far from a boon for the country, the North Sea is in danger of becoming “a significant annual expenditure for government, rather than a provider of income” in the decades to come, according to a Wood Mackenzie assessment from earlier this year. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan
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