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Shell’s CEO Sawan Laments Over US LNG Drama While Cashing in Billions

Feb 3rd, 2024
by John Donovan.
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Posted by John Donovan: 3 Feb 24

In a twist that no one saw coming, Shell’s CEO Wael Sawan has spilled the tea on the latest soap opera in the LNG world, where Uncle Sam’s liquefied natural gas (LNG) sector is apparently losing its sparkle. This revelation came hot off the press during Shell’s glitzy earnings call, where Sawan played the part of a concerned corporate citizen worried about the “reliability” of American LNG, amidst a backdrop of legal tiffs and paused plant approvals. “I won’t get into the details of the legal proceedings,” he teased, leaving us all on the edge of our seats for the next episode. read more

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Shell cracker plant once again issued pollution violation notice

Feb 19th, 2023
by John Donovan.
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CBS News

Shell cracker plant once again issued pollution violation notice

BY PATRICK DAMP:  / CBS PITTSBURGH

INDUSTRY, Pa. (KDKA) – The Shell cracker plant in Beaver County has once again been issued a pollution violation notice. 

This is the third time the state’s department of environmental protection has said the plant has exceeded emission limits, once again violating rolling 12-month standards in November and December.

The plant has only been operational since November. 

The DEP said in November it emitted 716 tons of volatile organic compounds, 200 tons above what is allowed.  read more

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Europe gas shortages to last several winters, Shell boss warns

Aug 29th, 2022
by John Donovan.
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Sunday Telegraph

Europe gas shortages to last several winters, Shell boss warns

Ben van Beurden says energy rationing will be needed for a number of years

By Rachel Millard: 29 August 2022 • 12:54 pm

Europe’s energy crisis will last for several winters, the boss of Shell has said, as he warned it is “fantasy” to think shortages caused by Russia cutting supplies can be resolved quickly.

Ben van Beurden told a conference in Norway that power rationing will be needed for a number of years as electricity prices hit fresh record highs. read more

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Russian court rules local Shell JV to move under Moscow control -Ifx

Aug 22nd, 2022
by John Donovan.
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Reuters

Russian court rules local Shell JV to move under Moscow control -Ifx

By Reuters: Updated: 22/08/2022 – 16:45

MOSCOW – A Russian court ruled on Monday that Salym Petroleum Development (SPD), a joint venture between Shell and Gazprom Neft, should be transferred to Russian jurisdiction, Interfax news agency reported, citing the verdict.

Kommersant daily reported last week that Gazprom Neft was suing to have its Salym Petroleum Development joint venture with Shell be transferred to Russian jurisdiction, and for Shell’s shareholding rights to be suspended. read more

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Gazprom cuts gas supply to Orsted and Shell Energy

Jun 1st, 2022
by John Donovan.
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REUTERS

Gazprom cuts gas supply to Orsted and Shell Energy

June 1, 2022

June 1 (Reuters) – Russian gas producer Gazprom (GAZP.MM) has cut off gas supplies to Denmark’s Orsted (ORSTED.CO) and to Shell Energy (SHEL.L) for its contract to supply gas to Germany, it said on Wednesday, citing the companies’ failure to make payments in roubles.

Reporting by Reuters and by Christoph Steitz in Frankfurt, Stine Jacobsen in Copenhagen Editing by Jason Neely and David Goodman SOURCE
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Shell CEO points out loopholes in Russian oil sanctions after announcing record profits

May 6th, 2022
by John Donovan.
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Fortune

Shell CEO points out loopholes in Russian oil sanctions after announcing record profits

BY CHLOE TAYLOR: May 5, 2022 4:16 PM GMT+1

Planned embargoes on Russian oil may be thwarted due to the way the global crude supply chain works, Shell’s CEO explained on Thursday.

Speaking after Shell reported record quarterly profits, Ben van Beurden, the oil giant boss, told reporters that the framework of the world’s crude network left loopholes open in Western government bans on Russian oil.

This is because imported fuels like gasoline, which might have been made from Russian oil but refined outside of Russia, cannot always be traced back to their natural source. read more

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Shell plc publishes first quarter 2022 press release

May 5th, 2022
by John Donovan.
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Shell plc publishes first quarter 2022 press release

 | Source: Shell plc

London, May 5, 2022

“The war in Ukraine is first and foremost a human tragedy, but it has also caused significant disruption to global energy markets and has shown that secure, reliable and affordable energy simply cannot be taken for granted. The impacts of this uncertainty and the higher cost that comes with it are being felt far and wide. We have been engaging with governments, our customers and suppliers to work through the challenging implications and provide support and solutions where we can. read more

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Shell tightens restrictions on Russian oil buying

Apr 27th, 2022
by John Donovan.
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Shell tightens restrictions on Russian oil buying

By Ron Bousso and Rowena Edwards

April 27 (Reuters) – Shell SHEL.L on Wednesday tightened its restrictions on buying Russian oil, saying it would no longer accept refined products with any Russian content, including blended fuels.

Shell last month said it would phase out buying Russian crude and its involvement in all Russian hydrocarbons from oil to natural gas, after facing an uproar over buying a Russian crude cargo in the days following Moscow’s invasion of Ukraine. read more

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Ukraine urges Johnson to ensure ‘not a drop’ of Russian oil reaches the UK

Apr 24th, 2022
by John Donovan.
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The Telegraph

Ukraine urges Johnson to ensure ‘not a drop’ of Russian oil reaches the UK

Shell, one of the world’s largest oil and gas companies, has pledged to withdraw from Russian oil products, but…

Ukraine’s government has urged the UK to ensure “not a single drop of Russian oil enters the country”, as it pushed for a “total and immediate” boycott on Russian fossil fuels.

Oleg Ustenko, economic adviser to President Volodymyr Zelenskyy, said it was “no time for half measures”. It comes amid concerns Britain may adopt a definition of Russian oil that allows some Kremlin supplies into the country, even under the impending embargo. read more

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Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

Apr 24th, 2022
by John Donovan.
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Ukraine brands Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil

By LUCY WHITE FOR THE DAILY MAIL

PUBLISHED: | UPDATED: 

Ukraine’s government has branded Shell ‘deplorable’ after accusing it of using an ‘accounting trick’ to keep buying Russian oil.

Officials in Kyiv said Western companies were continuing to ‘bankroll Putin’s war machine’ despite promising to cut ties with the Kremlin. read more

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‘Latvian blend’: How Russia bends the rules to keep its oil flowing

Apr 23rd, 2022
by John Donovan.
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The Telegraph

‘Latvian blend’: How Russia bends the rules to keep its oil flowing

There is a growing gap between rhetoric and reality on the vast trade of Russian oil

23 April 2022 

Shell provoked upset less than two weeks into Putin’s invasion of Ukraine as it snapped up a cargo of steeply discounted Russian oil, putting it on course for hefty profits in markets roiled by the disruption.

Dmytro Kuleba, Ukraine’s foreign minister, criticised the company on Twitter, demanding that multinational companies “cut all business ties with Russia.” read more

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Ukraine’s government writes to Shell, accusing it of ‘bankrolling Putin’s war with an accounting trick’

Apr 22nd, 2022
by John Donovan.
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CITYA.M.

Ukraine’s government writes to Shell, accusing it of ‘bankrolling Putin’s war with an accounting trick’

JACK MENDEL:  22 April 2022

Ukraine has accused energy giant Shell of continuing to “bankroll Putin’s war machine” buy buying oil through an “accounting trick.”

In an angry letter sent to the oil company’s boss, Kyiv branded it “deplorable” that firm was still buying fuel linked to the Kremlin indirectly.

According to the Telegraph, despite a commitment to stop purchasing energy, Shell considers refined oil products as not being Russian if less than half of the blend is from the country. read more

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Shell accused of using ‘accounting trick’ to keep buying Russian oil

Apr 22nd, 2022
by John Donovan.
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The Telegraph

Shell accused of using ‘accounting trick’ to keep buying Russian oil

Tom Rees: Fri, April 22, 2022,

The Ukrainian government has accused Shell of using an “accounting trick” to allow the oil giant to keep buying Russian crude despite promising to cut ties with the Kremlin.

A letter sent by Kyiv to Shell boss Ben van Beurden said it was “deplorable” that companies are continuing to “bankroll Putin’s war machine” amid concerns Russian oil is still being bought through backdoor routes.

The FTSE 100 oil major committed to stop purchasing Russian crude in the spot market and said it is legally obliged to accept oil deliveries from contracts sealed before the invasion of Ukraine. However, it defines refined oil products, such as diesel, as not being of Russian origin if less than 50pc of the blend is from the country. read more

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Three Chinese energy firms are in talks to buy Shell’s stake in a huge Russian natural gas export project, a report says

Apr 22nd, 2022
by John Donovan.
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Three Chinese energy firms are in talks to buy Shell’s stake in a huge Russian natural gas export project, a report says

Grace Dean

Chinese firms are in talks to buy Shell’s stake in a Russian natural gas export project, sources told Bloomberg.

CNOOC, CNPC, and Sinopec are in joint discussions, the sources said.

Shell and other Western energy companies are withdrawing from the Russian oil and natural gas sector.

Three Chinese state-run energy companies are in talks to buy Shell’s 27.5% stake in a huge Russian natural gas export project, Bloomberg reported, citing people with knowledge of the matter. read more

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Shell starts withdrawing staff from Russia as part of exit strategy

Apr 20th, 2022
by John Donovan.
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Bloomberg

Shell starts withdrawing staff from Russia as part of exit strategy

Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process

Apr 20, 2022

Shell has started to withdraw staff from its joint ventures with Russia’s Gazprom as it moves forward with plans to exit investments in response to the war in Ukraine.

Dozens of Shell employees on temporary assignment at the Sakhalin-2 liquefied natural gas export project in Russia were removed over the weekend to be relocated back to other offices, according to people with knowledge of the matter. Operations at the facility are unlikely to be affected by the move, the people said. read more

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Shell resumes shipping LNG from Prelude off Australia

Apr 11th, 2022
by John Donovan.
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Reuters

Shell resumes shipping LNG from Prelude off Australia

By : April 11, 2022

MELBOURNE, April 11 (Reuters) – Shell Plc (SHEL.L) said on Monday it has resumed shipping liquefied natural gas (LNG) from its Prelude floating LNG facility off northwest Australia after a four-month shutdown due to a major power failure.

A cargo completed loading and left the site on Sunday night, a Shell spokesperson said, declining to disclose the destination.

“Our focus at Prelude remains on the long-term and delivering safe, sustained and reliable performance into the future,” Shell said in a statement. read more

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