Ben Marlow, executive business editor: 9 SEPTEMBER 2018 • 8:39PM
Like a pair of mysterious soothsayers, Maarten Wetselaar and John Abbott are peering into the future. The world they see is almost unrecognisable from the one we inhabit today, and yet it is only just around the corner. In the west, the petrol car has become obsolete. Lorries are powered by liquid natural gas. Freight liners criss-cross the oceans fuelled by hydrogen. Solar and wind provide the energy to our homes. And the petrol station has been reimagined as an unlikely retail hotspot where people routinely gather to do their food shopping, pick up parcels, and sip artisan coffee. A convoy of vehicles are being rebooted at one of many charging points on the forecourt. FULL ARTICLEread more
By Jared Stonesifer : Posted Apr 3, 2018 at 8:56 PMUpdated Apr 3, 2018 at 8:56 PM
CENTER TWP. — Nearly 100 people turned out to a public hearing at Central Valley High School to voice their opinions on Shell Pipeline’s proposed Falcon ethane pipeline project. If constructed, the pipeline would transport up to 107,000 barrels of ethane per day to Shell Chemicals’ $6 billion ethane cracker plant in Potter Township. It would consist of two legs: one coming into western Beaver County from Ohio and West Virginia, and another coming into southern Beaver County through Allegheny County. The two legs will join south of the Potter Township plant.FULL ARTICLEread more
Royal Dutch Shell expects its chemicals division to earn between $3.5 billion to $4 billion annually by 2025, and Beaver County’s ethane cracker plant will likely play a role in that. Shell executives made those remarks Wednesday during an open house for investors. The event was designed to highlight the gains being made in Shell’s many downstream businesses, which includes the chemicals sector. The company, which is in the midst of building a $6 billion cracker plant in Potter Township, has repeatedly maintained its Beaver County project will be ready for production sometime early in the next decade. FULL ARTICLEread more
CENTER TWP. — The state Department of Environmental Protection will hold a public hearing April 3 at Central Valley High School to discuss Shell Pipeline Co.’s Falcon ethane pipeline project. The department decided last month to host a series of public hearings in the three counties in western Pennsylvania that will be impacted by the pipeline: Beaver, Allegheny and Washington. FULL ARTICLE
By Jared Stonesifer:Posted Jan 17, 2018 at 2:00 PMUpdated Jan 17, 2018 at 2:02 PM
POTTER TWP. — Construction on Shell Chemicals’ ethane cracker plant is ahead of schedule, with more than 1,800 workers currently on site, according to a local building trades official. Mike McDonald, president of the Beaver County Building and Construction Trades Council, said he met with Shell officials recently to discuss the progress on the $6 billion cracker plant in Potter Township. FULL ARTICLEread more
An umbrella group for 140 Presbyterian churches in Allegheny County is calling for a halt to the construction of a sprawling petrochemical plant in neighboring Beaver County, saying it would worsen already high levels of pollution and cancer risk in Southwestern Pennsylvania.
“We are part of a faith tradition that has affirmed our responsibility to care for the earth as our home and care for all people, especially our most vulnerable populations,” says a letter signed by officials of the Pittsburgh Presbytery, representing more than 28,000 members of the Presbyterian Church (U.S.A.) in Allegheny County.
“This plant, and subsequent plants that are planned for the Ohio Valley, will be mass producing plastic products that have been linked to the death of animals and the diminishment of fragile natural habitats,” said the letter, approved by presbytery representatives at their December meeting.read more
Shell Chemicals has launched a dedicated website where job applicants can peruse career opportunities at the company’s future ethane cracker plant in Potter Township.
Shell Chemicals has launched a dedicated website where job applicants can peruse career opportunities at the company’s future ethane cracker plant in Potter Township.
The website, www.shell.us/pajobs, will link job applicants to 16 different subsets of jobs, ranging from boilermakers and electrical engineers to heavy-equipment operators and safety specialists.read more
The proposed route of the 97-mile Falcon Pipeline is shown above
By Jared Stonesifer:Posted Nov 21, 2017 at 11:25 AMUpdated Nov 21, 2017 at 12:12 PM
Shell Pipeline Co. has contracted with an additional 10 local landowners to use their properties during construction of the 97-mile Falcon Ethane pipeline. Shell Pipeline Co. has contracted with an additional 10 local landowners to use their properties during construction of the 97-mile Falcon Ethane pipeline. FULL ARTICLEread more
By Jared StonesiferPosted Nov 16, 2017 at 6:25 PMUpdated Nov 16, 2017 at 6:25 PM
Officials in Belmont County, Ohio, are eagerly awaiting a final investment decision on a cracker plant that could be built there but, in the meantime, they are learning everything they can from local officials who’ve already been through the process. Officials in Belmont County, Ohio, are eagerly awaiting a final investment decision on a cracker plant that could be built there, but in the meantime, they are learning everything they can from local officials who’ve already been through the process.read more
Mark Dixon discussed the hazards of having an ethane cracker plant close to Pittsburgh during a talk in the William Pitt Union Assembly Room Wednesday evening. (Photo by Issi Glatts | Staff Photographer)
Remy Samuels: Staff Writer: November 16, 2017
When Mark Dixon found out Shell Oil Company planned to build a petrochemical plant in nearby Beaver County, he immediately thought of the pollution and environmental devastation that would soon take place there. “It really pissed me off,” Dixon said. FULL ARTICLEread more
By Jared Stonesifer:Posted Nov 15, 2017 at 5:00 PMUpdated Nov 15, 2017 at 5:08 PM
Shell Chemicals is in the process of paying for the acquisition of a piece of property that would serve as a buffer between the $6 billion ethane cracker plant in Potter Township and nearby industrial properties. Jim Palmer, president of the Beaver County Corporation for Economic Development, said CED is acquiring about 54 acres that sit between the Shell site and the BASF and NOVA Chemicals properties. The sale of the land, currently owned by the Lyondell Environmental Custodial Trust, is expected to close later this month. Palmer on Tuesday declined to disclose the sale price. FULL ARTICLEread more
HOUSTON, Nov. 8, 2017 /PRNewswire/ — Shell Chemical Appalachia LLC (Shell) today announced the official start of the main construction phase of its major petrochemicals complex in Potter Township, Pennsylvania. This follows the successful completion of the site preparation and detailed design and engineering work. The final investment decision was taken in June 2016, with commercial production expected to begin early next decade. “Today marks an important step forward for this major growth project,” said Graham van’t Hoff, Executive Vice President for Shell’s global chemicals business. “The preparation phase went well and our focus is now on ensuring first-class construction. Shell’s commercial, engineering and manufacturing expertise will help make this project a great success.”FULL ARTICLEread more
Royal Dutch Shell will begin construction of a new $10bn petrochemicals site in the gas-rich Marcellus shale basin in the US within the next ten weeks as part of a radical growth plan for its petrochemicals business.
The oil major told investors that global demand for petrochemicals – which are used to manufacture the raw materials used to make plastics, paints and textiles – is set to grow by around 50pc by the end of the decade, making it a key area for the company’s growth.read more
Jamison Cocklin: October 9, 2017 An affiliate of Royal Dutch Shell plc last month submitted a permit application to the Pennsylvania Department of Environmental Protection (DEP) for the nearly 100-mile ethane pipeline system designed to feed the multi-billion dollar cracker under construction. Shell Pipeline Co. LP continues to secure easements for the two-leg Falcon Ethane pipeline that would extend into West Virginia and Ohio. The company will need various federal, state and local approvals for the pipeline. The Pennsylvania DEP is working to determine if the application is complete before it moves ahead with the actual review. Construction of the pipeline, which would have a capacity of more than 100,000 b/d, is expected to begin between 2018 and 2019. Shell is constructing the cracker in western Pennsylvania’s Beaver County and plans to start operations in the early 2020s. FULL ARTICLEread more
NAZI OBSESSION: What makes you think that anyone is interested in Shell's business dealings with the Germans several decades ago?
REPLY BY JOHN DONOVAN
Shell's historians must have thought someone would be interested or they would not have included dozens of pages filled with supporting evidence in "A History of Royal Dutch Shell" Volumes 1 & 2 published in 2007. Understandably, they spun the evidence in favour of their paying client, Shell. Another indication of interest is the many thousands of visitors to our new sister website shellnazihistory.com. Likewise, 17,918 blocked malicious login attempts on the new site with 1,696 blocked spam comments (by Akismet). All stats as of today, 13 July 2019. In addition to the public interest, clearly, there is evil intent towards the website. Wonder who that might be?
Bonus Group: In answer to uscitizen's post proclaiming the wonders of the acquisition of BG Group by Shell, it should be remembered that Shell had a 'fire sale' of a plethora of BG 'dross' assets in order to raise $30Bn to disguise the amount by which they had overpaid for BG Group. Sooner or later there must be another reserves recategorisation. The Brasil Asset is a prime candidate for this given that it is still staffed by ex-BG sycophants propping up the illusion. As highlighted by Bogus Group, it would seem that Knarr is the latest posthumous failure of BG Group. They were always over stating the value to the shareholders.
Bogus Group: In 2015 this prospect was given a production life of "at least 10 years"Did Shell expect such an early exit, or was this another BG Group recoverable miscalculation?https://www.upstreamonline.com/hardcopy/1805800/shell-to-pull-plug-at-knarr
uscitizen: Shell, the world’s second-largest listed oil and gas company after Exxon, cut costs heavily following its 2016 acquisition of BG Group for $53 billion and the 2014 oil crash.
Despite a slow and bumpy recovery in oil prices, it reported the largest profit among its peers last year and a jump in revenue from previous years.
Shell said its free cash flow - cash available for dividends and share buybacks - was set to rise to around $35 billion per year by 2025 based on a Brent crude oil price of $60 per barrel.
That compares with $28-33 billion in free cash flow it expects to deliver by the end of next year. Brent is currently trading just under $61 per barrel.
Shell, the world’s biggest dividend payer at $16 billion in 2018, expects to increase its dividend payouts to shareholders once it completes the $25 billion share buyback by the end of 2020 that it promised following the BG acquisition.
Shell last increased its quarterly dividend in the first quarter of 2014 to $0.47 per share.
uscitizen: All of the folks bashing Shell for the BG merger, I think we can now say this has been a very good financial move. Shell has overtaken Exxon and Integrated Gas is a big reason why. I am sure there are examples where some good people got pushed out, and I hate to hear that. However, lets not pull the wool over folks eyes and say this business decision was not sound.
Bonus Group: Further to yesterday's post.
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the Moroccan focused upstream gas company, announces that it has been notified that Brian Mitchener, Executive Director, has today purchased 150,000 ordinary shares in the Company ("Ordinary Shares") at a price of 12.04 pence per Ordinary Share. As a result of this purchase, Mr Mitchener is interested in 150,000 Ordinary Shares, representing 0.0142% of the Company's issued ordinary share capital.
Bonus Group: UnSound Energy?
Readers may wonder why the darling of the AIM Market is now preparing itself for a sale of its Eastern Morocco acreage.
Perhaps, the answer may be found in the Annual Report 2018 available to download as a .PDF from the Sound Energy Website:
Page 49
Loss of Office and Change of Control Provisions
In the event of a change of control of the Company, the CEO, CFO and Exploration Director have the option to give notice and receive a lump sum equivalent to 18 months’ salary for the CEO, 12 months’ salary for the CFO and 8 months’ salary for the Exploration Director.All of the Company’s current share plans contain provisions relating to a change of control.
On a change of control, outstanding awards would normally vest and become exercisable, subject to the satisfaction of any performance conditions at that time.
Page 50
Summary Of Actual Remuneration (including Benefits in Kind and Performance Awards) Of Directors
Executive Directors
James Parsons £995,000
Brian Mitchener £323,000 (RSU Awards No. of Shares 862,682, Granted 26.04.18 Settlement date 01.01.21)
JJ Traynor £168,000 (RSU Awards No. of Shares 961,194, Granted 26.04.18 Settlement Date 01.01.21)
It should be remembered that Brian Mitchener is of the failed BG Group stable. It would seem that Bonus Group habits are hard to let g0!
Bogus Group: I concur with Bonus Group recollection of the tin pot, lacklustre, parvenu outfit. There was no place in BG Group for experienced professionals if they didn’t possess the sycophant tendencies required to stoke the egos of those deluded by corporate grandeur.
Large remuneration packages were not uncommon then too, the chief executive received circa £13mm (published) in bonuses throughout his 12 year tenure. During that period there were 26 fatalities, roughly £500k for each. That was more than distasteful.
Bonus Group: Today is the anniversary date of the agreement on terms of the takeover of BG Group (a tin pot, lacklustre, parvenu outfit) by Royal Dutch Shell plc in 2015. In consequence of BG Group's consistent failures to meet targets and the engineered predatory takeover by Royal Dutch Shell plc the careers and professional lives of many experienced Geoscientists and Engineers were brutally butchered, terminated, and cast aside like so much offal, so it is rather distasteful to see the size of Ben van Beurden's remuneration package being flaunted in the press by Royal Dutch Shell plc.
CEP Problems: It seems to be impossible right now to get any chance of landing a job inside Shell these days. Everytime people apply for jobs unless they have high potential or a diversity point they get rejections. I got told recently that the hiring manager was looking for someone with high potential. Don't these people realise that they also need QUALIFIED people to actually do the work. Ridiculous but it almost getting to age discrimination these days. Rant over.
Shell Canada Insider: SHELL CANADA
...they are wanting to sell their Alberta operations..... because there is no money left in it...they have syphoned it all off.....
I think also on 2010-2011 they had multiple explosions at their Caroline facility supposedly an employee during an explosion at the south compressor station had to be airlifted to hospital and was seriously injured.
The aer/ govt shut it down. it was closed for 6 months and half of the plant was decommissioned when it restarted.
That must have cost them millions of dollars.....there should be government records of this stuff....
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OPL 245 CORRUPTION SCANDAL: LATEST NEWS
$1.3bn Malabu Oil Scandal: Italy Protests Swiss Delay in Releasing Evidence against Shell, Eni 22 Jun 2019 04:10 This Day Chika Amanze-Nwachuku with agency report
Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with regard to …
FG names Shell, Eni executives in $1bn bribery case – The Punch 08 May 2019 11:43 Google ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
FG files fresh charges against Shell executives, JPMorgan over Malabu Oil scandal 08 May 2019 10:01 Herald Sequel to the lawsuit filed last year against Royal Dutch Shell Plc, Eni and JP Morgan for being involved in a $1bn oil block bribery case, the Federal Government has submitted new case documents that indict their top executives.
FG said in the court files …
FG names Shell, Eni executives in $1bn bribery case 08 May 2019 08:09 Punch Newspapers ’Femi Asu with agency report
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive …
Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245 02 Mar 2019 10:19 Biz Watch Nigeria Dutch Prosecutors to Arraign Shell over $1.3 billion Acquisition of OPL 245
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.
Shell said in a …
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EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
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