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Energy crisis drives Shell’s gas profits ‘significantly higher’
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Energy crisis drives Shell’s gas profits ‘significantly higher’
Shell Jumps Out Of Fire And Lands In The Frying Pan
Seeking Alpha
Shell Jumps Out Of Fire And Lands In The Frying Pan
Zoltan Ban: Nov. 19, 2021- Shell’s move to exit the Dutch tax and legal jurisdiction is officially presented as an issue of dividend taxation that Shell and others hoped for years to see it repealed.
- Though it is not much discussed by Shell or the media, the harsh environmental ruling by a Dutch court that forces Shell to cut emissions may have played a role.
- Even though Shell is not currently faced with similar legal pressures in the UK, it may nevertheless feel other pressures to cut emissions by a similar margin.
- Shell’s upstream segment is the most likely part of the business that will be sacrificed to environmental pressures.
- Shell will most likely try to adapt its LNG and petrochemicals sector to lower emissions, that will make it less profitable. Higher natural gas prices will add to profitability concerns.
Investment thesis: Shell (RDS.A), (RDS.B) is leaving the Dutch legal jurisdiction, officially due to some dividend tax issues and it will make the UK its sole home base. Unofficially, it may be in large part a way to escape a court-imposed emissions reduction demand on its business activities. While the move to escape a legally binding cut of 45% compared with 2020 levels by 2030 is potentially avoided through this move, the internal, as well as external pressures for it to cut emissions, hydrocarbons production, and so on, will not cease.
DONOVAN vs. SHELL : A 30 Years Epic battle against a corporate giant
Image Credit: KICKBACK NEWS
By John Donovan
KickBack.news, the anti-corruption website recently founded by Javier Ferrandis has published a remarkable article under the headline:
DONOVAN vs. SHELL: A 30 Years Epic battle against a corporate giant.
Extract
Disgruntled employees, interested in learning about or airing the dirty laundry of the Shell Group, or journalists, who want to find out what’s up at one of the largest corporations in the world, know that you have to start your search by simply typing royaldutchshellplc.com on your browser.
Wikipedia: Royaldutchshellplc.com 1 June 2021
Replica of the Wikipedia article: royaldutchshellplc.com
As Wikipedia editors are aware, my father Alfred Donovan passed away in 2013. Since there are a number of references to him in the above Wikipedia article, I provided proof in the form of a Guardian newspaper article about Shell that mentioned his death, hoping the information would be updated.
Strange tale of Shell’s pipeline battle, the Gardaí and £30,000 of booze
However, the several years out of date information remains and the supply of the information politely supplied triggered a negative response within 20 minutes.
Gazprom, Shell ink strategic cooperation agreement
Gazprom, Shell ink strategic cooperation agreement
The agreement was signed in the videoconference mode in presence of chief executive officers of Gazprom and Shell
MOSCOW, March 16. /TASS/. Gazprom and Shell concluded the agreement on strategic cooperation for the term of five years on March 16, the Russian gas holding says on Tuesday.
“Particular attention will be paid, for instance, to such areas as studies of energy market, implementation of projects throughout the value creation chain, and cooperation in the sphere of digital development of technologies and reduction of greenhouse gas emissions,” Gazprom says.
Iraq Moves To Exploit Its Massive Natural Gas Reserves
Iraq Moves To Exploit Its Massive Natural Gas Reserves
EXTRACTS
…that said, it has made some progress in developing gas resources, most notably in 2019/2020 when the US$17 billion 25-year Basra Gas Company (BGC) project with Royal Dutch Shell…
The original design plans for Nebras – formulated between Shell and the Iraq Oil Ministry and Ministry of Industry and Minerals – were for a project that could produce at least 1.8 million metric tonnes per year (mtpy) of various petrochemicals.
Russia’s Gazprom, Shell ink 5-year ‘strategic’ deal
Russia’s Gazprom, Shell ink 5-year ‘strategic’ deal
By New Europe Online/KG: PUBLISHED 21:57 MARCH 17, 2021
Gazprom and Royal Dutch Shell signed on March 16 an Agreement of Strategic Cooperation for a five-year period, the Russian gas giant said.
The signing ceremony was held via a video link in the presence of Gazprom CEO Alexey Miller and Shell CEO Ben van Beurden.
The newly signed document, which expands the interaction between the two companies, focuses on research of energy markets, implementation of projects along the entire value chain, cooperation in digitalization of technologies, and reduction of greenhouse gas emissions, Gazprom said.
Russia’s Gazprom signs strategic cooperation agreement with Shell
Russia’s Gazprom signs strategic cooperation agreement with Shell
By Reuters Staff:
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
Why the World Worries About Russia’s Nord Stream Pipeline
Why the World Worries About Russia’s Nord Stream Pipeline
Gazprom owns the project operator, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.6 billion) cost. By Feb. 25, 2021 A natural gas pipeline being built under the Baltic Sea from Russia to the German coast is shaking up geopolitics. Nord Stream 2, as it’s called, fuels worries in the U.S. and other countries that the link could give the Kremlin new leverage over Germany and other NATO allies. Pipe construction, halted in 2019, resumed in December 2020, yet U.S. sanctions still threaten to pull the brakes on the project backed by the Russia’s Gazprom PJSC.1. What is Nord Stream 2?
It’s a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe — the original Nord Stream — which opened in 2011. Gazprom owns the project operator, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.6 billion) cost. Initially expected to come online by the end of 2019, the link has been delayed by U.S. sanctions that forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels when all but 160 kilometers of the link was in place. When Nord Stream 2 started construction again, Russian vessels were deployed to lay 2.6 kilometers in Germany’s exclusive economic zone. In January 2021 work resumed on the Danish section.
Church fund ditches stake in oil giant BP
THE SUNDAY TIMES
Church fund ditches stake in oil giant BP
Jamie Nimmo: 24 Jan 2021. Page 2, Business Section.
The Church of England has sold its stake in BP, even as the oil giant moves to end its reliance on fossil fuels under new boss Bernard Looney.
The Church Commissioners, which manages the Church’s £8.7bn fund, is understood to have offloaded its stake in the FTSE 100 stalwart last year.
It is a significant move because the Church is the country’s most high-profile ethical investor and has been pushing BP to commit to cutting its carbon footprint to ret zero by 2050.
Outlook darkens for North Sea oil and gas industry
Outlook darkens for North Sea oil and gas industry
TWO oil and gas majors provided votes of confidence in the North Sea last week but these may only provide cold comfort as the outlook for the sector gets ever bleaker.
On Tuesday BP underlined its belief in the exploration potential of the North Sea as it announced that it had returned to profit in the third quarter.
The giant included its successful bid for new North Sea exploration licences in a list of highlights for the three months to 30 September.
Shell and BP investors look to results after tough year for oil majors
Shell and BP investors look to results after tough year for oil majors
Britain’s two biggest oil companies are set to update shareholders next week amid a low oil price and a race to reduce emissions.
Investors will be leafing through BP’s results on Tuesday, while Shell will present how its third quarter went two days later.
Shares in both have cratered during 2020, as oil prices fell to record lows at one point at the beginning of the pandemic.
Why Gazprom’s $7.6 Billion Nord Stream 2 Fine Is Just the Start
Why Gazprom’s $7.6 Billion Nord Stream 2 Fine Is Just the Start
Stephanie Bodoni and Maciej Martewicz
Oct 9. 2020
(Bloomberg) — Poland’s antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline, opening a new front in the bitter political battle over the natural gas project. Wednesday’s surprise move raises a whole set of legal questions about the plan, which is teetering on the brink. What was the fine for? The antitrust authority said Gazprom and its partners, which which is teetering on the brink.
Why the World Worries About Russia’s Natural Gas Pipeline
U.S. sanctions… forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels
Why the World Worries About Russia’s Natural Gas Pipeline
By
A natural gas pipeline being built under the Baltic Sea from Russia to the German coast is shaking up geopolitics. Nord Stream 2, as it’s called, fuels worries in the U.S. and other countries that the link could give the Kremlin new leverage over Germany and other NATO allies. As the project neared completion, U.S. sanctions and calls for European restrictions, as well as a Polish move to fine Russia’s Gazprom PJSC on antitrust grounds, have left the construction in limbo and ratcheted up political tensions.
1. What is Nord Stream 2?
It’s a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe — the original Nord Stream — which opened in 2011. Gazprom owns the joint Russian-European venture, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.2 billion) cost. Initially expected to come online by the end of 2019, the link has been delayed by U.S. sanctions that forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels. The pipeline operator is looking for solutions to lay the remaining 6% of the pipe, which includes construction work in Denmark’s waters.
Allseas Litigation: Top lawyer Mike Stubbs accused of relaying offer of £1m ‘bribe’ to police, say court transcripts
Allseas Litigation: Top lawyer Mike Stubbs accused of relaying offer of £1m ‘bribe’ to police, say court transcripts
By John Donovan
Shell contractor, Allseas, is a key player in a continuing story of mystery and intrigue surrounding criminal court proceedings.
Top lawyer Mike Stubbs acted for Allseas at the time when, according to court transcripts, he allegedly relayed a £1m bribe offer to UK police detectives.
In 2011, Allseas invested £73 million with investors led by a conman claiming to have links to the Vatican and Spanish nobility. More information can be found in articles such as the June 2018 FT story: “The ship tycoon, the con men and a €100m scam”.
Merkel Scrapping Nord Stream Would Unravel German Gas Strategy
(Shell may have to write off Nord Stream 2 investment if project collapses)
Merkel Scrapping Nord Stream Would Unravel German Gas Strategy
Brian Parkin, Andrew Noël and Richard Weiss: Bloomberg:
(Bloomberg) — As Angela Merkel weighs up the arguments for scrapping a Russian pipeline project, a cornerstone of the German chancellor’s carefully crafted energy strategy is at stake.
Merkel is coming under increasing pressure to ditch the Nord Stream 2 pipeline after the poisoning of Russian opposition politician Alexey Navalny. Members of her own party have questioned the project and Polish Prime Minister Mateusz Morawiecki said the decision should be a “no brainer.”
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