Bloomberg News

(Bloomberg) — President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea — and signaled that the U.S. will press forward with its opposition to the project.

Asked about Russian efforts to circumvent U.S. sanctions on the pipeline by completing it on its own, U.S. Energy Secretary Dan Brouillette said “they can’t” — and dismissed claims that project owner Gazprom PJSC will face only a short delay. read more

At a time when the oil industry is gripped by fears that demand for petrol will collapse in an era of electric vehicles, many hydrocarbon producers are betting on petrochemicals — and in particular, plastics — to fill the gap.

Michael Pooler in Paris: 12 Feb 2020

Along the banks of the Ohio River in Beaver County, Pennsylvania, giant cranes whir overhead as thousands of construction workers toil away at what will be one of the largest plastic factories in the world.

The multibillion dollar Royal Dutch Shell plant, on the site of an old zinc smelter in the American rust-belt, is the biggest investment in the state since the second world war…

At a time when the oil industry is gripped by fears that demand for petrol will collapse in an era of electric vehicles, many hydrocarbon producers are betting on petrochemicals — and in particular, plastics — to fill the gap. But doubts are emerging about the wisdom of a huge expansion in capacity that will leave the world awash in products that can take hundreds of years to decay. read more

The $1.3trn cost of leaving energy underground

Unless a solution is found for climate change in the coming decade, there is a risk of a sharp collapse in asset prices of oil companies. 

Alan Livsey: Feb 5, 2020

Donald Trump was thinking about the teenage climate activist Greta Thunberg when he took aim at what he called the “prophets of doom” at Davos in January. But just as easily he could have been targeting global investors whose trenchant criticism of hydrocarbons has led to a shift in investment away from the traditional energy sector and into renewables.

This move represents a big problem for energy groups such as Exxon, BP and Saudi Aramco. Vast swaths of their oil, gas and coal reserves may never be extracted and burnt because doing so would intensify global warming, worsening weather events and threatening the loss of farmland and huge population displacement. read more

Letter to the editor published by the News Tribune

Jan 22, 2020

From Mike Barnhill

Ashland

Dear Editor:

Time Magazine’s recent article on “Can the oil-and-gas industry survive the climate-change fall-out?” may explain why President Trump left the Paris Climate Summit.

The Netherlands oil giant, Royal Dutch Shell, is the country’s biggest business. As oil flirts with the prospect of decline, Shell is diversifying by expanding its plastics business and diversifying into electrical power. Some firms such as America’s ExxonMobil, are positioning themselves to squeeze the last lucrative years from the oil economy while attempting to convince shareholders that they will be able to sell all their oil. read more

English translation of an article published today by the Dutch FD

Russia has a ship to finish Nord Stream 2

From our editor

Russian President Vladimir Putin said that Russia itself has a pipeline ship to complete the construction of the Nord Stream 2 gas pipeline to Germany. The newspaper Kommersant reported this on Thursday, based on anonymous sources.

Earlier this week, under pressure from US sanctions legislation, the Dutch-Swiss offshore group Allseas stopped the construction of Nord Stream 2. This pipeline runs from the Russian Oest-Luga through the Baltic Sea and the Baltic Sea to the German Greifswald. read more

By Anna Shiryaevskaya and Dina Khrennikova | Bloomberg Dec. 24, 2019 at 7:06 a.m. GMT

A new natural gas pipeline into Europe from Russia is shaking up geopolitics. Nord Stream 2, as it’s called, worries leaders in Eastern Europe, has put German Chancellor Angela Merkel on the hot seat and most recently has become the target of U.S. sanctions. The punitive measures approved by U.S. President Donald Trump have stymied construction just as the final sections of pipe were about to be laid.

1. What is Nord Stream 2?

It’s a planned 1,230-kilometer (764-mile) undersea pipeline that will carry natural gas from Russian fields to the European network at Germany’s Baltic coast. It will double the capacity of an existing undersea route — the original Nord Stream — that opened in 2011. Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors including Germany’s Uniper SE and Wintershall AG providing half of the 9.5 billion-euro ($10.7 billion) cost. Denmark removed one of the project’s last hurdles in October when it approved construction of the link through its waters. read more

English translation of two Nord Stream 2 articles published today by the Dutch FD.

Berlin convinced: sanctions cannot stop the construction of the last 160 km of Nord Stream 2

By Pieter Lalkens and Jeroen Groot: 24 Dec 2019

The Solitaire was one of the ships of the Dutch-Swiss offshore company Allseas who worked on the Nord Stream 2. Gas pipeline. Photo: Reuters

In brief

• Allseas has stopped the construction of Nord Stream 2 under pressure from the American sanctions.
• But the gas pipeline is simply being phased out, German politicians expect.
• The latter does entail delays and higher costs.

Although the Dutch-Swiss offshore group Allseas has stopped the construction of Nord Stream 2 under pressure from US sanctions legislation, the gas pipeline from Russia to Germany will be phased out in the view of German politics. The sanctions will only lead to a few months delay and higher costs.

“I assume that the Nord Stream 2 gas pipeline will be delivered in the second half of 2020,” said Peter Beyer, member of the Foreign Affairs Committee of the German parliament, in a conversation with radio station Deutschlandfunk on Monday. read more

English translation of an article published today by the Dutch FT

Dutch companies hit by US sanctions against Nord Stream 2

Dutch FD: From our editor: 23 Dec 2019

In brief

• President Trump has announced sanctions for the construction of the Russian gas pipe Nord Stream 2.
• The measure affects the Dutch offshore group Allseas and Shell.
• Furious reactions about internal affairs interference from Germany and Brussels.

US President Donald Trump announced sanctions from Friday to Saturday against the construction of Nord Stream 2, the gas pipeline that runs from Russia to Germany. The project should be operational by mid-2020. 2100 kilometers of the gas pipeline is already finished, about 300 kilometers of pipelines are still missing.

A variety of international companies are involved in the project and are likely to be affected. Also Dutch companies. For example, the sanctions appear to be aimed particularly against the Dutch-Swiss offshore company Allseas by the Dutchman Edward Heerema. That immediately stopped its work for Nord Stream 2 on Saturday. read more

French electricity and gas firm Engie SA and Royal Dutch Shell are among other major companies alongside Gazprom which are major players in the controversial project.

By Zerohedge.com

Included in Wednesday’s just passed mammoth 2020 National Defense Authorization Act (NDAA) — which increases the Pentagon budget by $22 billion (to a whopping $738 billion) — were long-threatened sanctions on Russia’s Nord Stream 2 underwater natural gas pipeline.

In the House bill, expected to be approved by the Senate sometime next week before Trump signs it into law, are measures which specifically target companies assembling the pipeline, a last ditch US effort to block the controversial 760-mile project that would allow Russia to export natural gas directly to Germany, depriving Ukraine of badly needed gas transit fees along the current route for Russian supplies. read more

Shell: New steel tariffs would have “little-to-no” impact on Beaver County cracker plant

By Chrissy Suttles: 3 Dec 2019

Shell Chemicals representatives say President Donald Trump’s plans to restore tariffs on some steel imports would have minimal impact on final construction of Beaver County’s ethane cracker plant.

POTTER TWP. — President Donald Trump plans to restore tariffs on steel imports from Brazil and Argentina, a move Shell Chemicals representatives said would have little impact on final construction of Beaver County’s ethane cracker plant.

“Generally, all of our major steel deliveries have been made to the site, so there would be no impact or minimal impact,” said Michael Marr, Shell Chemicals’ business integration lead. “The impact would only be financial, and would not change the overall finances of the project.” read more

A memo sent to union leaders by Shell before an appearance by Donald Trump — displayed by a recipient via Twitter — warns against protests and threatens pay reduction. read more

Before plastic is made into anything else, it is made into pellets. And those pellets are leaking everywhere. When completed, the new facility will pump out 1.8 million tons (1.6 million metric tons) of plastic each year.  The vast majority of that plastic, like the vast majority of all plastic made up to now, will likely not be recycled. And it will exist virtually forever, crumbling into microplastics that show up most everywhere scientists look for them. Those small spheres, sometimes known as “nurdles,” are a massive source of plastic pollution, escaping into the environment before they have a chance to be molded into a useful shape. With roughly 22,000 nurdles per pound of plastic, the Shell plant intends to produce the rough equivalent of 80 trillion nurdles per year. As the Royal Dutch Shell plant rises in Pennsylvania, environmental groups and scientists are worried about the lack of regulation to specifically address plastic pellet pollution. (Shell did not return a request for comment.) 

By Zoë Schlanger: 19 Aug 2019

Some 30 miles north of Pittsburgh, Pennsylvania, in a township adjacent to a state forest, oil and gas giant Royal Dutch Shell is building a sprawling new plant to support what it sees as the future of its business: making millions of tons of new, virgin plastic.

US president Trump visited the facility last week, highlighting the 5,000 construction jobs it has created. The plant is just one of more than 300 new plastic facilities proposed or permitted for the US in the near future. Shell, along with other major oil and gas companies like Exxon, sees plastic as one avenue for growth as natural gas prices plummet—and, longer-term, as a way to weather the world’s slow rejection of fossil fuels as an energy source. read more

“Jeering, protesting or shouting was not tolerated, a leaked memo said. Staying away was allowed, but then the overtime allowance would be reduced.”

Printed below is an English translation of an article published today by the Dutch FT, Financieele Dagblad.

With the call, the contractors wanted to improve the fragile relationship between the unions and President Donald Trump. Photo: Justin Merriman / Bloomberg

Construction workers at Shell factory were asked to treat Trump kindly

Van onze redacteur: 19 August 2019

To the great satisfaction of the contractors, the thousands of construction workers from a Shell plant under construction northwest of Pittsburgh received President Donald Trump on Tuesday with loud applause.

The construction companies had asked their employees to treat the president in a friendly manner in an attempt to improve the fragile relationship between the White House and the trade unions. Jeering, protesting or shouting was not tolerated, a leaked memo said. Staying away was allowed, but then the overtime allowance would be reduced. read more

Workers ordered not to criticise the president

• Marisa Iati,
• Morgan Krakow
• 18 Aug 2019

Workers at a Royal Dutch Shell plant in Pennsylvania were forced to choose between attending a speech by Donald Trump or earning less than their coworkers who did.

Attendance was optional, but contract workers who chose not to stand in the crowd would not qualify for time-and-a-half pay when they arrived at work on Friday, the Pittsburgh Post-Gazette reported.

Workers at the unfinished Pennsylvania Petrochemicals Complex had to arrive at 7am, scan their ID cards and stand for hours until the US president’s speech began. read more

“This is just what Shell wanted to do, and we went along with it”

Washington (CNN)Workers at the Pennsylvania petrochemical plant where President Donald Trump spoke Tuesday were told that if they didn’t attend the event, they either had to use paid time off or receive no pay for the day.

At least some of the workers who attended the speech were instructed not to protest the President, who told the crowd of workers at the Royal Dutch Shell plant he would be imploring their union leaders to support his reelection. read more