REUTERS
Shell and Eneco win right to build large Dutch offshore windfarm
By ReutersNews and information on Shell Plc
REUTERS
Shell and Eneco win right to build large Dutch offshore windfarm
By ReutersBloomberg
Shell Seeks Acquisitions to Bolster Australia Power Presence
The London-based oil major is looking for a “step change” in its Australian presence from electricity generation to retail, including building up “significant battery positions,” Greg Joiner, chief executive officer of Shell Energy Australia, said in an interview.
Shell, which last week reported its second-highest earnings on record, is one of Australia’s biggest liquefied natural gas exporters, but is seeking to diversify away from fossil fuels and become the world’s biggest power company. The company has already made a string of acquisitions in Australia in recent years, including generation company ERM Power Ltd., retailer Powershop, and a stake in windfarm developer WestWind Energy Development Pty.
Shell pulls out of two Irish offshore wind projects
By =&0=& • Updated: 26/09/2022 – 11:55LONDON – Shell has pulled out of two offshore wind projects in the west of Ireland operated by Simply Blue Group a year after the British company acquired stakes in the developments.
Shell and Simply Blue said in a joint statement on Saturday that Shell’s withdrawal from the Western Star and Emerald projects was a “portfolio decision”, and Shell added that offshore wind remains a key growth area for its plans to slash greenhouse gas emissions and build up its renewable power business.
Shell completes acquisition of renewables platform Sprng Energy group
The solar and wind assets Shell acquires through the deal will triple Shell’s present renewable capacity in operation and help deliver its Powering Progress strategy. An important part of Powering Progress is to develop an integrated power business, which will help Shell reach its target of becoming a profitable net-zero emissions energy business by 2050.
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
THE TIMES
Shell’s supersize hydrogen plant sparks hope of green revolution
Emily Gosden: Energy Editor:
Shell has begun building Europe’s largest “green” hydrogen plant that will use electricity from an offshore wind farm to produce the clean-burning fuel.
The oil and gas group said it had taken the final investment decision on the 200 megawatt electrolyser in the port of Rotterdam and expected the plant to start operating in 2025.
Shell said the capacity of the plant was equivalent to roughly two thirds of all electrolyser capacity in operation globally today. The new facility will use electricity from the Hollandse Kust (Noord) offshore wind farm that Shell is jointly building about ten nautical miles off the coast of the Netherlands.
EXPRESS
Energy crisis lifeline: Shell announces plans for £25bn injection into UK clean power
SHELL has announced its plans to massively expand in the UK, boosting its energy security with an investment worth up to £25billion.
As part of its own push towards clean energy and away from oil and gas, the UK-based energy firm plans to supply clean power to five million households and electric car drivers by 2030, up from about 1.5 million today.
According to the Telegraph, Shell is planning to invest £20billion-£25billion in the UK over the decade, with over 75 percent of that sum being invested in low carbon energy such as wind turbines and electric car charging points.
RIGZONE
Shell Enters Tender For Wind Farm Development In Polish Offshore
by Bojan Lepic | Rigzone Staff | Tuesday, June 14, 2022Shell subsidiary Amber Baltic Wind has submitted bids under a recent public tender for proposals for new locations for offshore wind farms in the Polish zone of the Baltic Sea.
According to WindEurope, installations generating up to 28 GW of offshore wind energy may be built in the Polish part of the Baltic Sea by 2050. Thanks to many years of experience in the implementation of complex offshore projects in the North Sea, considerable potential, and knowledge in the field of offshore wind energy, and a wide presence in Poland, Shell can support Poland in using its huge wind energy resources and accelerating the transformation process of the energy mix.
The Telegraph
Shell plans to expand amid energy market chaos
The FTSE 100 company plans to invest £20bn-£25bn in the UK
By Rachel Millard: 13 June 2022 • 7:27pmShell is pursuing a significant expansion of its business supplying electricity to UK households amid intense volatility in energy markets.
The FTSE 100 company wants to supply clean power to five million households and electric car drivers by 2030, up from about 1.5m today, as part of plans to diversify away from oil and gas.
Shell plans to invest £20bn-£25bn in the UK over the decade, more than 75pc of which will go towards low carbon energy such as wind turbines and electric car charging points.
The New York Times
Shell, the Oil Giant, Will Sell Renewable Energy to Texans
The European oil company has been expanding into green energy even as many U.S. energy giants have kept their focus on fossil fuels.
Shell, which already has electricity businesses in nine countries, plans to double the amount of electricity it sells by 2030. The company, which is based in London, is Europe’s largest oil and gas business by revenue and has operations in more than 70 countries, including gas stations, refineries and oil and gas fields.
SOURCE MSN/Independent
I worked at Shell for 33 years – the government is wrong on North Sea oil
We don’t own the oil and gas, which we give away to energy companies together with substantial subsidies. They sell the oil and gas to the highest bidder on international markets, keep all the revenue, and are currently making eye-watering profits on which they pay almost no tax. Almost 80 per cent of UK production of crude oil is exported and plays no part in our domestic energy security.
We don’t own the companies that exploit this oil and gas. According to one study, more than a third of the licence blocks in the North Sea now have a private or state-backed controlling interest, with fossil fuel firms from China, Russia and the Middle East playing an increasingly dominant role. As well as being unaccountable to UK shareholders, these businesses have no strategic interest in UK energy security or in keeping bills low for UK households.
Evening Standard
Wall Street activist Dan Loeb says Shell risks becoming ‘tarnished’ unless it heeds his break-up call
Loeb’s Third Point Investors has been pushing for a break-up of Shell, calling its current business ‘confusing and unmanageable’
By Oscar Williams-Grut City Editor @OscarWGrut: 9 May 2022
The Wall Street activist pushing for a break-up of Shell has raised his stake in the business and said the oil giant risks becoming a “tarnished legacy brand” without reform.
Shell to acquire Sprng Energy group, one of India’s leading renewable power platforms
Apr 29, 2022
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), today signed an agreement with Actis Solenergi Limited (Actis) to acquire 100% of Solenergi Power Private Limited for $1.55 billion and with it, the Sprng Energy group of companies.
Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its portfolio consists of 2.9 gigawatts-peak1 (GWp) of assets (2.1 GWp operating and 0.8 GWp contracted) with a further 7.5 GWp of renewable energy projects in the pipeline.
sky news
Extinction Rebellion: Six people arrested as activists climb on top of Shell oil tanker in central London
Saturday 16 April 2022 16:05, UK
Six people have been arrested after Extinction Rebellion activists climbed on top of an oil tanker in central London.
The climate group said three people climbed on top of the Shell tanker, holding a banner which said “end fossil filth” in Bayswater Road on Saturday morning.
Extinction Rebellion said Olympic gold medal-winning canoeist Etienne Stott and fellow British Olympian Laura Baldwin were among those demonstrating.
Shell, Mitsubishi wind power consortium to produce ‘green hydrogen’ -Yomiuri
Apr 6, 2022 | 10:09 PM TOKYO (Reuters) – Japan’s Mitsubishi Corp and Shell Plc aim to produce 400,000 tonnes of “green hydrogen” in 2030 through the companies’ European offshore wind power project, the Yomiuri newspaper reported on Thursday.Dutch renewable energy firm Eneco, owned by Mitsubishi and Japan’s Chubu Electric Power Co, has decided to invest 10% in a joint venture that includes Shell, Norway’s Equinor and others, for the project, the paper said.
The hydrogen would be produced through wind power instead of natural gas in a bid to reduce the fuel’s carbon footprint, the Yomiuri said.
($1 = 123.6800 yen)
(Reporting by Kantaro Komiya; Editing by Chang-Ran Kim)
The Maritime Executive
Shell Plans to Become Brazil’s Largest Offshore Wind Developer
21 March 2022
In its efforts to recast itself from fossil fuel energy, Shell has announced an ambitious plan to develop new offshore wind power projects off the coast of Brazil. The energy giant announced that it has applied for environmental licenses from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) that would make it the largest operator of offshore wind generation facilities in the country.
Reuters
Shell seeks environmental license to generate offshore wind power in Brazil
: March 18, 2022: By Laís MoraisMarch 18 (Reuters) – SHELL announced on Friday it has applied for a license from Brazil’s environmental agency Ibama to generate offshore wind power in six areas in the country.
The six projects are located in the Brazilian states of Piaui, Ceara, Rio Grande do Norte, Espirito Santo, Rio de Janeiro and Rio Grande do Sul. The total installed capacity of the projects will be 17 gigawatts.
The studies on the areas are set to begin early this year.