Senior executive directors of Royal Dutch Shell Plc had advance sight some days ago of a draft of the article below. It is a follow-up article by a whistleblower whose identity is known to us.

Under Shell’s egregious stewardship, Iraq is literally burning billions of dollars in lost revenue, and the country’s power plants are being deprived of the much-needed fuel supply to end Iraq’s chronic power crisis.  The power outages have been the main destabilizing force in the country, which have also often led to mass protesting, civil unrest, and countless civilian casualties.    

By: The Iraqi Governance Revolt & Systemic Overhaul!

Introduction

Iraq holds the 12th largest natural gas reserve in the world, however, the country equally represents 12% of global gas flaring, “suggesting there may be systematic and structural barriers to reducing gas flaring practices,” according to the latest Global Gas Flaring Tracker Report produced by The World Bank Group.

Although officially signed in 2011, Royal Dutch Shell (Shell) formalized the establishment of its gas monopoly in Iraq, the $17 billion Basrah Gas Company (BGC), in May 2013, which also gave birth to the so called ‘world’s largest flare reduction program’.   read more

Shell, Exxon Look to Profit From Capturing Customers’ Carbon Emissions

Big oil companies are exploring charging for carbon storage, hoping to benefit from the drive to reduce emissions

By Sarah McFarlane: April 19, 2021 5:30 am ET

Oil companies have for decades made money by extracting carbon from the ground. Now they are trying to make money putting it back.

Energy giants such as Exxon Mobil Corp. and Royal Dutch Shell PLC are pushing carbon capture and storage—where carbon is gathered and buried underground—as part of a drive to reduce both their own and their customers’ emissions. Executives say the service could become a new source of income when the industry is grappling with how to adapt to a lower-carbon economy. read more

London museum under fire over climate exhibit sponsored by Shell

“It beggars belief that this iconic British institution has freely chosen to link up with Shell … at such a crucial time,” Bill McGuire, professor emeritus of geophysical and climate hazards at University College London, said in a statement.

By Umberto Bacchi, Thomson Reuters Foundation: APRIL 16, 2021

April 16 (Thomson Reuters Foundation) – London’s Science Museum came under fire on Friday for having oil and gas major Royal Dutch Shell as a sponsor of an upcoming exhibition on climate change, a move described by environmental groups as “out-of-step”. read more

Shell plays down risk of stranded oil and gas reserves

The disclosure is a rare admission by a major oil and gas company that some of its reserves may be worthless in a world shifting to renewable energy from fossil fuels in an effort to stem global warming.

The Anglo-Dutch company said in a document to investors summarising its climate strategy that around 75% of its proved oil and gas reserves will be produced by 2030, with an additional 3% produced after 2040.

Since late 2019, Shell has wiped out over $20 billion from the value of its oil and gas reserves after lowering the outlook for commodity prices because of the energy transition and the impact on demand of the COVID-19 pandemic. read more

Shell expects at best steady fuel sales for first quarter

LONDON (Reuters) – Royal Dutch Shell expects its fuel sales to fall or at best be broadly steady for the first quarter as some coronavirus restrictions ease, the world’s biggest fuel retailer said in a trading update on Wednesday.

Shell said it saw refined oil product sales at 3.7-4.7 million barrels per day (bpd) for the first quarter compared with just under 4.8 million bpd in the last quarter of 2020.

Shell’s refining margins have improved to around $2.6 per barrel in the quarter from $1.6 in the previous quarter. read more

Oil companies defeat New York City appeal over global warming

By Jonathan Stempel, Sebastien Malo: 3 MIN READ: APRIL 1, 2021/ 2:53 PM

NEW YORK (Reuters) -A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help pay the costs of addressing harm caused by global warming.

Ruling in favor of BP Plc, Chevron Corp, ConocoPhillips, Exxon Mobil Corp and Royal Dutch Shell Plc, the 2nd U.S. Circuit Court of Appeals in Manhattan said the regulation of greenhouse gas emissions should be addressed under federal law and international treaties. read more

Shell to link executive pay more closely to group’s climate performance

By Reuters Staff: Mon, March 29, 2021, 10:33 AM

LONDON (Reuters) – Royal Dutch Shell has proposed linking its directors’ pay more closely to the group’s climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday.

The weighting of Shell’s energy transition performance on its targeted path to net zero emissions by 2050 would double to 20% of the directors’ long-term incentive plan calculation if shareholders vote for the plan at a meeting on May 18. read more

Tunisia faces exodus of Western oil giants

By Ron Bousso, Shadia Nasralla: 3 MIN READ: MARCH 26, 2021

LONDON (Reuters) – Royal Dutch Shell and Italy’s Eni are seeking to sell their oil and gas operations in Tunisia, industry sources said, as the North African country struggles to attract new investments following years of political instability.

Shell has hired investment bank Rothschild & Co. to sell its Tunisian assets, which include two offshore gas fields and an onshore production facility the Anglo-Dutch company acquired as part of its 2016 $53 billion takeover of BG Group, the sources told Reuters. read more

Shell hunts for hydrogen opportunities in Australia in net zero push

Shell Australia Chair Tony Nunan said the company sees hydrogen and carbon capture and storage as essential to the company’s net zero ambitions, and Australia is well placed to be competitive in both of those technologies.

Australia, like its biggest coal and gas customers China, Japan and South Korea, has mapped out a hydrogen strategy, with plans to become an exporter by 2030, using its vast wind and solar resources to produce “green” hydrogen and natural gas and carbon capture for “blue” hydrogen. read more

Italy court acquits Eni and Shell in Nigerian corruption case

MILAN — A Milan court on Wednesday acquitted energy companies Eni and Royal Dutch Shell along with a series of past and present managers including Eni Chief Executive Claudio Descalzi in the oil industry’s biggest corruption scandal.

The sentence, read out in court by judge Marco Tremolada, comes more than three years after the trial first began and after a total of 74 hearings. He said the companies and defendants had been acquitted as there was no case to answer. read more

Eni and Shell face Italian court ruling in Nigerian corruption case

A Milan court is due to issue a verdict on Wednesday…

MILAN, March 17 (Reuters) – A Milan court is due to issue a verdict on Wednesday in the oil industry’s biggest corruption trial, a case centred around the purchase of a Nigerian oilfield by Eni ENI.MI and Royal Dutch Shell RDSa.L for $1.3 billion a decade ago.

After more than three years of proceedings and 74 hearings, judges withdrew to their chambers on Wednesday to consider their verdict, said Marco Tremolada, who heads the panel of judges, adding that a ruling was expected in the afternoon. read more

Russia’s Gazprom signs strategic cooperation agreement with Shell

By Reuters Staff: MARCH 16, 20212:48 PM

MOSCOW (Reuters) – Russian gas producer Gazprom has signed a five-year strategic cooperation agreement with Shell, it said on Tuesday.

The cooperation will include exploring energy markets, “projects along the entire value chain”, digitalisation of technologies and reduction of greenhouse gas emissions, Gazprom said.

Reporting by Polina Devitt; Editing by David Goodman

SOURCE read more

Goldman Sachs board nominates Royal Dutch Shell CFO for director role

By Elizabeth Dilts Marshall: 2 MIN READ: MARCH 15, 2021

NEW YORK (Reuters) – Goldman Sachs Group Inc’s board of directors on Monday nominated the chief financial officer of Royal Dutch Shell plc to become its newest member.

If her appointment is approved by shareholders, Jessica Uhl will be the fifth woman director on Goldman’s board and its only member to come from the fossil fuel industry.

The bank has backed away from fossil fuel development in recent years. read more

Shell’s 2020 carbon emissions fall on the back of fuel sales drop

By Ron Bousso, Shadia Nasralla: 2 MIN READ: MARCH 11, 2021

LONDON (Reuters) – Royal Dutch Shell, owner of the world’s largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic.

Shell said in its annual report that total emissions from its oil wells to forecourt fuel sales fell to 1.38 billion tonnes of carbon dioxide equivalent last year, from 1.65 billion in 2019. read more

Shell says Nigeria Delta oil spill dropped by 40% in 2020

By Reuters Staff: MARCH 11, 2021

LONDON (Reuters) – Royal Dutch Shell said on Thursday the volume of crude oil spills caused by sabotage in Nigeria’s oil-rich Delta dropped by 40% in 2020 to 1,400 tonnes.

The total number of major spills caused by theft and sabotage also dropped to 122 incidents in 2020 from 156 incidents the previous year, Shell said in its annual report.

Shell is the operator of Nigeria main onshore oil and gas joint venture SPDC which has struggled for years to contain spills in the Delta caused due to operational incidents, theft and sabotage. read more

Shell CEO takes pay cut in 2020 for the second straight year

By Reuters Staff: MARCH 11, 2021: 8.30 am

March 11 (Reuters) – Royal Dutch Shell’s Chief Executive Ben van Beurden pay package nearly halved in 2020, a year in which the oil major’s profit tumbled because of low oil prices and the COVID-19 pandemic.

Van Beurden, who became CEO in 2014, oversaw sharp growth in Shell’s oil and gas output following the 2016 acquisition of BG Group for $53 billion.

But an unprecedented hit to the energy sector last year, knocked oil prices into negative territory for the first time in history, and forced major players to cut dividend payouts and management pay to weather the storm. read more