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OilPrice.com: Oil Majors Are Ignoring Climate Targets

By Nick Cunningham – Nov 02, 2019, 4:00 PM CDT

The carbon bubble “continues to inflate,” according to a new report from Carbon Tracker. And yet no major oil company has aligned its operations with the goals set out in the Paris Climate Agreement.

This is not just a matter of bad corporate behavior. The oil industry is charging ahead with oil and gas projects that completely defy climate targets, which means that they are taking on serious financial risk. “Companies who continue to sanction higher-cost projects which do not fit with a lower demand scenario risk destroying significant shareholder value through the creation of stranded assets,” Carbon Tracker warned. The more companies delay, the greater risk they take on. read more

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OILPRICE.COM: Shell, Eni Relax After Major Investigation Comes Up Empty

By Julianne Geiger – Oct 02, 2019, 10:00 PM CDT

Royal Dutch Shell and Eni are in the clear as far as the US Department of Justice is concerned, after the DOJ on Wednesday notified the two separately that it was closing its investigation into the OPL 245 oilfield case—also known as the Malabu oil deal–in Nigeria that dates back to 2011.

“The U.S. Department of Justice (DoJ) has notified us that it has closed its inquiry into Shell in relation to OPL 245. We understand that this is based on the facts available to the DoJ, including ongoing legal proceedings in Europe,” Shell said in a statement on Wednesday, as carried by Reuters. read more

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OilPrice.com: Big Oil Fights For Its Life

Big Oil Fights For Its Life

Just as Big Oil has returned to growing profits after the 2015-2016 price crash, the world’s largest oil companies are facing another formidable challenge amid growing calls from activists, shareholders, and institutional investors to start saving our planet.

The world’s largest oil firms already invest in green energy—including in wind, solar, biofuels, hydrogen, and electric vehicles (EVs) charging networks—but these alternatives are not their core business and will not be such for years, and probably decades, to come. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OILPRICE.COM: Shell Takes Step Toward Becoming World’s Largest Power Utility

By Irina Slav – Aug 22, 2019, 11:00 AM CDT

Shell has staked a claim in the Australian power sector by making a US$419-million (A$617 million) takeover offer for the country’s second-largest energy retailer to businesses, ERM Power.

“This acquisition aligns with Shell’s global ambition to expand our integrated power business and builds on Shell Energy Australia’s existing gas marketing and trading capability,” the head of Shell Australia, Zoe Yujnovich said in a statement, as quoted by Reuters.

If the deal goes through, it would give Shell ownership of four gas-fired power plants and a market share of almost 25 percent on the Australian commercial and industrial electricity retail market. As the company is already among the top gas producers in Australia, the deal would certainly complement its current operations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OILPRICE.COM: Eni Managers Accused of Attempted Witness Tampering In OPL 245 Oil Corruption Case

An Italian prosecutor told a local court on Wednesday the court was made aware that managers at Italy’s oil major Eni tried to tamper with a witness in an ongoing investigation into alleged corruption in an oil block award in Nigeria.

“We have become aware that Eni, through its managers, would have tried to influence and would have approached the defendant (Vincenzo) Armanna to convince him to withdraw some of his statements,” Reuters quoted prosecutor Fabio De Pasquale as telling the court today. read more

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Is Shell’s Latest Blockchain Venture A Gamechanger?

By Irina Slav – Jul 11, 2019, 3:00 PM CDT

Shell has furthered its stated commitment to cleaner electricity by investing in a U.S startup that has developed a blockchain-based platform for energy sharing.

The startup, LOW3 Energy, said in a press release earlier this week that Shell Ventures and Japanese Sumitomo had made “major investments” in its platform, which “represents a landmark moment for LO3 Energy as we begin to scale our blockchain-based energy networks around the world,” according to chief executive Lawrence Orsini. read more

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OILPRICE.COM: This Oil Major Says Net Zero Emissions Is ‘The Only Way To Go’

The world needs to get to the point at which it will no longer add to the stock of greenhouse gases, and reducing emissions to net zero “is the only way to go,” Shell’s chief executive Ben van Beurden said in a speech at The Energy Summit near London, calling on businesses to work together to move faster in addressing climate change.

While admitting that the world still needs oil, and will need it still for decades to come, van Beurden said that the supply and the demand side of the energy use should work together to achieve the goals of the Paris Agreement to restrict the rise in global temperatures to well below 2 degrees Celsius. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OilPrice.com: Shell Vows Not To Return Pumping Oil In Troubled Nigerian Region

Earlier this month, a Dutch court ruled that it had the jurisdiction and would hear a damages lawsuit against Shell brought by the widows of activists executed by Nigeria’s government after the protests in Ogoniland in the 1990s.

By Tsvetana Paraskova May 27, 2019, 4:00 PM CDT

The Nigerian unit of Royal Dutch Shell doesn’t have any plans to return to exploring or producing oil in Ogoniland in Nigeria’s Rivers state after it ceased operations there in the 1990s, Igo Weli, General Manager, External Relations, at the Shell Petroleum Development Company (SPDC) said this weekend at the release of Shell Nigeria’s 2019 Briefing Notes.

SPDC, as operator of the SPDC Joint Venture, carried out exploration and production operations in Ogoniland from the 1950s until the early 1990s. Production ceased in 1993 following a rise in violence, threats to staff, and attacks on facilities, Shell said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 27 December 2018

Spreadsheet-analysing investors in control of trillion-dollar funds are forcing polluters to change

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan. Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050… This December it pledged to set firm short-term emissions targets from 2020 that will be tied to executive pay. “If we don’t meet them there will be consequences to my salary and others,” said Ben van Beurden, Shell’s chief executive. FULL FT ARTICLE read more

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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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

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, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

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, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

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, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

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, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

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, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

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, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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