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Big Profits, Bigger Spin

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Shell Rakes in Billions, Touts LNG & Trading Gains — Because Cashill isn’t Climate

Big Profits, Bigger Spin

Shell has released a Q3 2025 trading update that reads like a corporate victory lap. According to OilPrice, the company expects its Integrated Gas (LNG + trading/optimization) business to deliver “significantly higher” results compared to Q2. Refining margins are forecast to jump to $11.60 per barrel (from $8.90). Upstream production is guided to 1.79–1.89 million barrels of oil equivalent per day. Meanwhile, LNG liquefaction is expected to rise to 7.0–7.4 million metric tons.

OilPrice: “Shell’s Q3 Profit Soars…” read more

^*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. ^*All conjured up by internet wizz, Nick Gill.

Shell: Britain Is Less Attractive Than The U.S. For Energy Investment

Mar 9th, 2023

by John Donovan.

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Shell: Britain Is Less Attractive Than The U.S. For Energy Investment

By Tsvetana Paraskova – Mar 06, 2023, 3:51 AM CST

The UK is less attractive than the United States for energy investment, due to the high windfall taxes on energy producers in Britain and the lack of incentives for clean energy investments similar in scale to the American provisions to boost green energy, Shell’s CEO Wael Sawan told The Times in an interview published on Monday.

The UK government should “take a page from some of the things that the US have done recently, through the Inflation Reduction Act,” Sawan told the newspaper.

The IRA has nearly $370 billion in climate and clean energy provisions, including investment and production credits for solar, wind, storage, critical minerals, funding for energy research, and credits for clean energy technology manufacturing such as wind turbines and solar panels.

The EU also seeks to bolster policies to support the EU’s clean technology manufacturing and preserve the bloc’s competitiveness in the face of the U.S. Inflation Reduction Act and massive subsidies in China. read more

Shell Is Reviewing Its Plan To Reduce Oil Production This Decade

Mar 4th, 2023

by John Donovan.

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Shell Is Reviewing Its Plan To Reduce Oil Production This Decade

By Tsvetana Paraskova – Mar 03, 2023, 7:26 AM CST

The CEO of Shell has said that the company’s plan to reduce oil production by up to 2% each year this decade is now under review.
In 2021, Shell said that its oil production had peaked in 2019 and would continue to decline over the next three decades.
Recent events have highlighted the fragility of the global energy system and now Shell wants to focus on ensuring energy supply.

Shell’s plan to have its oil production decline by up to 2% each year this decade is currently under review, the supermajor’s new CEO Wael Sawan told The Times in an interview published on Friday, adding that he is a firm believer of the statement “don’t deny people energy.”

Back in 2021, Shell said that its oil production peaked in 2019 and is set for a continual decline over the next three decades as it looks toward the renewables side of the business. read more

Shell Considered Relocating To The U.S. In Pursuit Of Higher Value

Mar 2nd, 2023

by John Donovan.

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Shell Considered Relocating To The U.S. In Pursuit Of Higher Value

By Irina Slav – Feb 28, 2023, 3:16 AM CST

Two years ago, Shell’s executive leadership discussed relocating to the U.S. in order to boost the company’s valuation.
There is a stark difference in valuation between European and U.S. oil majors, a difference that analysts believes is related to ESG factors and energy transition plans.
BP recently backtracked on some of its energy transition promises, resulting in its stock price climbing 10%.

Shell’s executive leadership discussed leaving Europe and relocating to the United States, the Financial Times has reported, citing unnamed sources familiar with the discussion.

According to the FT’s sources, the supermajor’s new chief executive, Wael Sawan, was part of a team of top executives that two years ago considered moving Shell’s headquarters to the U.S. and listing the company there, too.

The relocation idea was ultimately dropped but the FT notes that Shell’s chief executive remains worried about the difference in valuation between Shell and its U.S. peers. read more

Shell Wants To Bail On Energy Retail Businesses Due To “Tough Market Conditions”

Jan 27th, 2023

by John Donovan.

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Shell Wants To Bail On Energy Retail Businesses Due To “Tough Market Conditions”

By Julianne Geiger – Jan 26, 2023, 3:30 PM CST

Shell is looking to bail on its energy retail business across multiple countries amid “tough market conditions,” the company said on Thursday.

The tough market conditions likely refer to higher wholesale prices across Europe that have plagued many retailers, as well as price-capping measures instituted by governments to keep consumers from having to pay exorbitant energy bills.

Shell said on Thursday that it had commenced a review of its retail business in Britain, Norway, and Germany and that the process could take months.

Of the three businesses, Shell’s retail operations in the UK, Shell Energy Retail, is the biggest, boasting 1.4 million customers.

But while it has pegged its European retail arms to stand before the firing squad, Shell’s 2022 annual profit is expected to come in at more than $30 billion, Reuters said, as high oil and gas prices have helped the business improve its overall performance.

Shell sunk $1.5 billion in cash and credit into its British energy retail business last year in order to help with volatile prices and the tough market conditions in the retail segment as natural gas supplies ran short. While Shell managed to survive the last couple of years, other British retailers such as Bulb declared bankruptcy after multiple British power suppliers failed to hedge their future costs back when the getting was good. The cost to taxpayers—billions. read more

Netherlands To Shut Down Europe’s Largest Gas Field

Jan 24th, 2023

by John Donovan.

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Netherlands To Shut Down Europe’s Largest Gas Field

By Irina Slav – Jan 23, 2023, 7:30 AM CST

The Dutch government plans to close the Groningen gas field this year despite Europe’s precarious supply position. Groningen is the largest gas field in Europe.

The field is dangerous, a government official from the Hague told the Financial Times, and the government has no plans to boost production from it.

“We won’t open up more because of the safety issues,” Hans Vijbrief told the FT. “It is politically totally unviable. But apart from that, I’m not going to do it because it means that you increase the chances of earthquakes, which I don’t want to be responsible for.” read more

Shell Nearly Sold Its Norwegian Oil And Gas Assets In Late 2022

Jan 12th, 2023

by John Donovan.

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Shell Nearly Sold Its Norwegian Oil And Gas Assets In Late 2022

By Tsvetana Paraskova – Jan 10, 2023, 8:00 AM CST

Shell held talks last year with the biggest UK North Sea producer Harbour Energy to sell its oil and gas fields offshore Norway and some mature assets offshore the UK, but a deal ultimately couldn’t be reached due to price volatility, company sources told Reuters on Tuesday.

Shell, as well as other majors, have worked in recent years on streamlining asset portfolios to focus on the most profitable projects. Back in 2021, Shell said that its oil production peaked in 2019 and is set for a continual decline over the next three decades as it looks toward the renewables side of the business. Shell said its carbon dioxide emissions also likely peaked—a year earlier, in 2018. read more

Activist Investor: Shell Must Do More To Curb Emissions

Oct 1st, 2022

by John Donovan.

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Activist Investor: Shell Must Do More To Curb Emissions

By Charles Kennedy – Sep 30, 2022, 5:00 AM CDT

An expected drop in Shell’s net greenhouse gas emissions is not aligned with the Paris Agreement and with a Dutch court order for the now UK-based supermajor to slash emissions much more by 2030, activist investor Follow This says.

A recent report from Australia-based Global Climate Insights showed that Shell’s net emissions, after CCUS and offsets, are forecast to be 6% lower in 2030 compared to 2019, assuming it is on track to achieve its targets for CCUS and offsets. read more

Exxon And Shell Look To Sell $1.5 Billion Natural Gas Venture

Sep 8th, 2022

by John Donovan.

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Exxon And Shell Look To Sell $1.5 Billion Natural Gas Venture

By Tsvetana Paraskova – Sep 06, 2022, 9:30 AM CDT

Supermajors ExxonMobil and Shell are looking to sell their 50/50 NAM natural gas producing joint venture in the Netherlands in a potential sale worth up to $1.5 billion, Reuters reported on Tuesday, citing industry sources and a document it had seen.

Shell and Esso set up the NAM joint venture in the 1950s and started producing gas from the giant Groningen field in the Netherlands in the 1960s. According to NAM’s website, the company supplies 75% of the natural gas required by Dutch households and businesses. A total of 93% of all Dutch households use natural gas and gas accounts for 45% of all the energy that is used in the Netherlands.

Shell and Exxon’s decision to sell one of the oldest gas-producing ventures would be part of both companies’ plans to divest aging assets they no longer consider core to their respective operations, Reuters notes.

According to Reuters’ sources, NAM’s assets up for sale – including three gas processing plants, pipeline networks, and offshore gas fields – could be valued at between $1 billion and $1.5 billion.

The two international majors expect that the current dire need for gas supply in Europe and the high natural gas prices could make those assets attractive to prospective buyers, the sources told Reuters. read more

Shell Slashes Refinery Output In EU As Drought Disrupts Transportation

Aug 21st, 2022

by John Donovan.

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Shell Slashes Refinery Output In EU As Drought Disrupts Transportation

By Julianne Geiger – Aug 19, 2022, 9:00 AM CDT

Shell slashed its refinery output at its Shell Energy and Chemicals Park Rheinland fuel-making facility as low Rhine River levels halted the flow of goods, Shell said on Thursday.

“Due to the low Rhine water level we have reduced the capacity of Shell Energy and Chemicals Park Rhineland. The situation regarding supply is challenging but carefully managed,” Shell said in an emailed statement to Reuters. read more

What Is Shell Doing On TikTok?

Jul 20th, 2022

by John Donovan.

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What Is Shell Doing On TikTok?

By Felicity Bradstock – Jul 18, 2022, 4:00 PM CDT

Gen Z will be a vital piece of the global workforce moving forward, and Big Oil is no exception.
Oil and gas firms are now doing everything they can to secure the next generation of talent.
Shell is even taking to TikTok to appeal to the younger, more climate-aware audience.

Oil and gas firms are increasingly realizing the importance of appealing to the Gen Z population, particularly as their voices on social media and other public forums are influencing the climate change response and national energy agendas. With more pressure than ever to transition away from fossil fuels to renewable alternatives, oil and gas firms may rely on this young generation for their survival in the coming decades. read more

Shell Warns Of Prelude LNG Disruptions

Jun 29th, 2022

by John Donovan.

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Shell Warns Of Prelude LNG Disruptions

By Irina Slav – Jun 29, 2022, 9:30 AM CDT

Prolonged labor strikes at Shell’s Prelude LNG facility will disrupt shipments from it for the next two weeks, the supermajor warned this week.

“We have issued a notice to customers that cargoes will be impacted until at least mid-July due to the industrial action,” Shell said, as quoted by Reuters.

The floating LNG production facility in northwestern Australia has an annual capacity of 3.6 million tons. The news of a halt to operations adds to an already difficult situation for gas importers after Russia reduced the flow along the Nord Stream 1 pipeline by 60 percent, and an explosion took Freeport LNG out of commission for at least three months.

This latest disruption comes just three months after an outage that shut Prelude down for four months. The strike is a response to Shell’s refusal to concede to some of the demands made by the Australian Workers’ Union. read more

Shell’s Brazil Wells Come Up Dry

May 17th, 2022

by John Donovan.

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Shell’s Brazil Wells Come Up Dry

By Irina Slav – May 17, 2022, 8:30 AM CDT

Three exploration wells that Shell has drilled in Brazil in hopes of making the next big discovery have come up dry, Bloomberg has reported, citing an analyst with Wood Mackenzie.

This latest turn of events adds to bad news for Brazil and supermajors’ plans to turn it into the next hot spot in oil.

Shell and several partners paid $1 billion for drilling rights for three offshore blocks in Brazil and spent three years drilling exploratory wells. None of them turned up commercially viable volumes of oil, Marcelo de Assis, chief of Latin America upstream research at Wood Mackenzie, told Bloomberg. read more

Shell’s Russia Exit Includes Plans To Sell Fuel Stations

May 6th, 2022

by John Donovan.

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Shell’s Russia Exit Includes Plans To Sell Fuel Stations

By Charles Kennedy – May 06, 2022, 12:30 PM CDT

Shell Plc is reportedly in discussions over the sale of Shell Neft, its chain of retail fuel stations in Russia, as part of its exit plan in the aftermath of Russian President Vladimir Putin’s invasion of Ukraine, Bloomberg reported on Friday.

“We can confirm the ongoing negotiations on the sale of Shell Neft, which owns a retail network and lubricants plant which is located in Torzhok,” Bloomberg cited Shell’s press office as saying in a statement. “Our key priority is safety of our people and operations, maintaining employment and compliance with the Russian legislation.”

Shell Neft owns both a 370-strong retail network of fuel stations and a transport and logistics complex with oil facilities in Russia. read more

Oil And Gas Companies Will Never Truly Be Carbon Neutral

Oct 19th, 2021

by John Donovan.

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Oil And Gas Companies Will Never Truly Be Carbon Neutral

By Tsvetana Paraskova – Oct 18, 2021, 3:00 PM CDT

Oil and gas companies are pushing a net-zero narrative, but their pledges may not live up to true carbon neutrality.
Carbon neutral oil and gas is largely reliant on the murky world of carbon credits and carbon offsets.
The lack of standardization and transparency within the carbon credit market has drawn a lot of criticism.

The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets—the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied natural gas (LNG) cargo.

Oil and gas firms have started to offer those so-called carbon neutral oil and gas shipments. And buyers are lapping them up as they themselves are also pressured by investors and their own carbon reduction pledges to procure lower-emission energy supply. read more

U.S. Utilities Could Face Slew Of Climate Lawsuits

Aug 16th, 2021

by John Donovan.

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U.S. Utilities Could Face Slew Of Climate Lawsuits

By Leonard Hyman & William Tilles – Aug 16, 2021, 4:00 AM CDT

Several years ago, a major US electric utility, wrote in its 10-K , a document filed annually with federal securities regulators, that it could not “currently estimate the financial impact of climate policies… or litigation alleging …” damages, but admitted they could require “material capital…” (FirstEnergy, 2018 10-K. Fast forward to the 2020 document, FirstEnergy said it could not predict “timing and ultimate outcome..” of environmental actions. Not much progress.) Was that cautionary verbiage a hint? (Not being forthcoming in documents like the 10-K carries significant legal penalties, so take it seriously.) read more

30 November 2023: Posted by John Donovan

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more

Extremely Slow Shell Broadband

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Shell Rakes in Billions, Touts LNG & Trading Gains — Because Cashill isn’t Climate

Big Profits, Bigger Spin

By Tsvetana Paraskova – Mar 06, 2023, 3:51 AM CST

The UK government should “take a page from some of the things that the US have done recently, through the Inflation Reduction Act,” Sawan told the newspaper.

By Tsvetana Paraskova – Mar 03, 2023, 7:26 AM CST

The CEO of Shell has said that the company’s plan to reduce oil production by up to 2% each year this decade is now under review.

In 2021, Shell said that its oil production had peaked in 2019 and would continue to decline over the next three decades.

Recent events have highlighted the fragility of the global energy system and now Shell wants to focus on ensuring energy supply.

By Irina Slav – Feb 28, 2023, 3:16 AM CST

Two years ago, Shell’s executive leadership discussed relocating to the U.S. in order to boost the company’s valuation.

There is a stark difference in valuation between European and U.S. oil majors, a difference that analysts believes is related to ESG factors and energy transition plans.

BP recently backtracked on some of its energy transition promises, resulting in its stock price climbing 10%.

By Julianne Geiger – Jan 26, 2023, 3:30 PM CST

Shell is looking to bail on its energy retail business across multiple countries amid “tough market conditions,” the company said on Thursday.

The tough market conditions likely refer to higher wholesale prices across Europe that have plagued many retailers, as well as price-capping measures instituted by governments to keep consumers from having to pay exorbitant energy bills.

Shell said on Thursday that it had commenced a review of its retail business in Britain, Norway, and Germany and that the process could take months.

Of the three businesses, Shell’s retail operations in the UK, Shell Energy Retail, is the biggest, boasting 1.4 million customers.

By Irina Slav – Jan 23, 2023, 7:30 AM CST

By Charles Kennedy – Sep 30, 2022, 5:00 AM CDT

By Tsvetana Paraskova – Sep 06, 2022, 9:30 AM CDT

Supermajors ExxonMobil and Shell are looking to sell their 50/50 NAM natural gas producing joint venture in the Netherlands in a potential sale worth up to $1.5 billion, Reuters reported on Tuesday, citing industry sources and a document it had seen.

By Julianne Geiger – Aug 19, 2022, 9:00 AM CDT

By Irina Slav – Jun 29, 2022, 9:30 AM CDT

Prolonged labor strikes at Shell’s Prelude LNG facility will disrupt shipments from it for the next two weeks, the supermajor warned this week.

“We have issued a notice to customers that cargoes will be impacted until at least mid-July due to the industrial action,” Shell said, as quoted by Reuters.

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