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Shell and ScottishPower win bids to develop 5 GW of floating wind power in the UK

Jan 17th, 2022
by John Donovan.
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Shell and ScottishPower win bids to develop 5 GW of floating wind power in the UK

Jan 17, 2022

  • Joint ventures plan to build and operate two of the world’s first large-scale floating offshore wind farms in UK waters
  • Partners will use innovative technology to install turbines further from shore to catch more powerful winds as part of Crown Estate Scotland’s ScotWind leasing
  • As the global economy transitions to a low-carbon future, Scotland has the opportunity to pioneer expertise to develop a new global centre of excellence for offshore wind

Shell and ScottishPower have secured joint offers for seabed rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners have won two sites representing a total of 5 gigawatts (GW) off the east and north-east coast of Scotland.

The new wind farms will be delivered through two joint ventures called MarramWind and CampionWind. They bring together ScottishPower’s and Shell’s decades of experience working offshore and significant presence in Scotland, as well as their strong innovation capabilities for delivering world-class offshore energy projects. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell gets OK to proceed with offshore wind project off New England

Dec 27th, 2021
by John Donovan.
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Houston Chronicle

Shell gets OK to proceed with offshore wind project off New England

Shelby Webb, Staff writer: A joint offshore wind venture spearheaded by Royal Dutch Shell and Ocean Winds North America has gained approval to build more offshore wind turbines off the New England coast that is expected to generate 400 megawatts.

The new turbines, part of the Mayflower project, will provide energy to Massachusetts’ three largest utilities. The energy produced by the newly approved turbines can generate enough electricity to power more than a half-million homes and businesses each day, Shell officials said in a statement.

Shell and OW have combined on two other offshore wind projects, approved in 2019, expected to produce 804 megawatts of power. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Can a ‘toxic’ business (Shell) really turn from sinner to saint?

Oct 31st, 2021
by John Donovan.
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FROM A MAJOR ARTICLE ON TWO-THIRDS OF PAGE 8 OF THE SUNDAY TIMES BUSINESS SECTION OCT 31, 2021

How should Shell, Glencore and British American Tobacco deal with their “toxic” legacy businesses?

Robert Watts: Sunday October 31 2021, 12.01am, The Sunday Times

Ben Van Beurden knew last weekend that he was facing one of the more trying weeks of his 38 years at Shell. But he still had no clue of the impending ambush being prepared by an American billionaire activist investor.

Shell’s chief executive knew the quarterly figures for the oil and gas giant he would unveil on Thursday would be bad. Profits between July and September came in at $4.1 billion (£3 billion) — well below the $5.4 billion expected and 25 per cent down on the previous quarter. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Investors back Shell strategy after Wall Street raider’s swoop

Oct 29th, 2021
by John Donovan.
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The Telegraph

Investors back Shell strategy after Wall Street raider’s swoop

Most shareholders unhappy with owning a fossil fuel company have already sold their holdings, says one institutional investor

 and  CHIEF BUSINESS CORRESPONDENT

Corporate raider Dan Loeb’s plot to break up Shell risks harming its efforts to tackle climate change, top investors have warned, in a sign he may face a struggle to win over the City.

The pugnacious Third Point founder, 59, has argued the FTSE 100 company should split its oil and renewable assets into separate businesses to both drive better returns and greater investment, and stop trying to be “all things to all people”. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell on Path to Miss Own Emission Reduction Goals, Report Says

Oct 22nd, 2021
by John Donovan.
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Bloomberg

Shell on Path to Miss Own Emission Reduction Goals, Report Says

By Laura Hurst: 22 October 2021, 07:00 BST

Global Climate Insights study sees emissions rising by 2030
Company says it fully intends to meet future targets

Royal Dutch Shell Plc is on track to miss its own emission reduction targets in the coming decades, even as the company faces more stringent climate requirements from a court ruling, a new study shows.

The energy giant is seeking to gradually reduce its carbon emissions, with the goal of achieving net-zero by 2050. Shell isn’t forecast to achieve its goals after 2022, according to the report by Global Climate Insights. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil companies missed transition pivot

Oct 19th, 2021
by John Donovan.
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Petroleum Economist

Oil companies missed transition pivot

Shell and activist investor both agree that mistakes were made in the ’00s

“We gave up wind 15 years ago, which was a strategic mistake,” Shell CEO Ben van Beurden admitted in an October Ted event otherwise overshadowed by the executive being on the end of a withering personal attack by a climate campaigner.

And Chris James, co-founder of investor Engine No.1, agrees that oil firms such as Shell should have switched to more transition-focused businesses before the 2008 financial crisis. “There was an opportunity, about 15 years ago, for the oil and gas industry to lean very heavily into renewables and to really start the energy transition,” says James. “That is when they had a cost-of-capital advantage, that is when they had great balance sheets. But it did not happen… read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell is looking to develop a huge floating offshore wind farm in South Korea

Sep 4th, 2021
by John Donovan.
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Shell is looking to develop a huge floating offshore wind farm in South Korea

Anmar Frangoul: CNBC: PUBLISHED FRI, SEP 3 20217:48 AM EDT

A joint venture centered around the development of a massive floating offshore wind farm in waters off South Korea has been formally established.

Oil and gas major Shell has an 80% stake in the JV, which is called MunmuBaram, with the remaining 20% held by CoensHexicon. The latter is itself a joint venture between South Korea-headquartered COENS and Swedish firm Hexicon.

In a statement earlier this week Shell said the project was in what it described as “a feasibility assessment stage.” If built, the 1.4 gigawatt wind farm would be situated between 65 and 80 kilometers off Ulsan, a coastal city and industrial hub in the south east of the country. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell to supply green energy directly to home consumers

Aug 27th, 2021
by John Donovan.
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Photo Credit: Photographic Services, Shell International Limited.

NL TIMES

Shell to supply green energy directly to home consumers

THURSDAY, AUGUST 26, 2021 – 14:30

Dutch oil and gas giant Shell will soon start supplying Dutch home consumers with “CO2 compensated gas” and green electricity purchased from Dutch solar and wind farms. The company already received a permit from regulator ACM to start doing so, NOS reports.

Exactly how much green energy Shell plans to supply is not clear, but Barbara van Bergh, head of this division, told NOS that Shell wants to become a “significant” player. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell and Scottish Power bid to build floating wind farm

Jul 16th, 2021
by John Donovan.
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BBC NEWS

Shell and Scottish Power bid to build floating wind farm

16 JULY 2021: Energy giant Shell has teamed up with Scottish Power to bid to develop large floating wind farms off the coast of north east Scotland.

They have joined an auction for the next generation of wind farms at 15 seabed areas.

Crown Estate Scotland, which manages the seabed, is closing submissions for the ScotWind Leasing process on Friday.

Italian oil giant Eni was already among other companies interested in the leasing round. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell and Scottish Power submit plans for floating offshore windfarms

Jul 16th, 2021
by John Donovan.
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The Guardian

Shell and Scottish Power submit plans for floating offshore windfarms

Jillian Ambrose Energy correspondent: Fri 16 Jul 2021 00.01 BST

Royal Dutch Shell has joined forces with Scottish Power to develop the world’s first large-scale floating offshore windfarms in the north-east of Scotland.

The energy companies have submitted multiple plans for a string of large floating offshore windfarms to Crown Estate Scotland as part of the property manager’s latest leasing round for access to the coastline. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’

Jun 19th, 2021
by John Donovan.
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THE NEW YORK TIMES

Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’

Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker.

By Stanley Reed June 18, 2021

Like other oil giants, Shell is under pressure to move away from climate-damaging fossil fuels, and it is recasting itself as more of a renewable energy company, looking for investments as it sidles toward a new future.

Limejump is the type of business that catches the eye of Shell executives these days. With 80 software engineers, traders and forecasters, the company buys electricity from 675 wind farms, solar installations and other mostly renewable generators scattered across Britain, and sells it to businesses that want their energy to be green. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell wins $2.5 billion Australian power contract with battery storage

May 25th, 2021
by John Donovan.
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Reuters

Shell wins $2.5 billion Australian power contract with battery storage

By Reuters Staff: 2 MIN READ: MAY 25, 2021

SYDNEY (Reuters) -Australia’s New South Wales (NSW) state said on Tuesday it has awarded a A$3.2 billion ($2.5 billion) 10-year power supply contract to Royal Dutch Shell PLC, which includes supplying battery back-up power for wind and solar energy.

Under a deal with Edify, Shell has contracted to take 60% of the battery’s power.

“This long-term services agreement is a model for how large energy users can access dispatchable power like battery storage, which complements renewables,” Shell Energy Chief Executive Greg Joiner said in a statement.

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil Majors Look to Fill Businesses’ Growing Appetite for Green Power

May 24th, 2021
by John Donovan.
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THE WALL STREET JOURNAL

Oil Majors Look to Fill Businesses’ Growing Appetite for Green Power

By Sarah McFarlane: May 24, 2021 7:00 am ET

Businesses are buying more renewable power, and oil majors want a piece of the action.

European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals to supply electricity to big corporate buyers like Amazon.com Inc. and Microsoft Corp., treading into the domain of traditional power companies.

Oil companies say securing long-term deals to supply electricity will provide a new source of income and underpin their expansion into wind and solar power as they seek to reduce their dependence on fossil fuels and prepare for a lower-carbon economy. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil And Coal Firms Guilty Of ‘Great Deception’ Through Greenwashing, Say Climate Lawyers

Apr 19th, 2021
by John Donovan.
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Oil And Coal Firms Guilty Of ‘Great Deception’ Through Greenwashing, Say Climate Lawyers

David Vetter: Senior Contributor Sustainability Climate research, renewables and circularity: 19 April 2021

A team of U.K. lawyers today released what they say is new evidence showing that the world’s biggest fossil fuel companies are systematically “greenwashing” their image to make the public believe they are taking concrete steps to combat climate change. In reality, the lawyers say, the firms are committed to increasing the sale of fossil fuels, which will inevitably generate more greenhouse gas emissions. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell plays down risk of stranded oil and gas reserves

Apr 16th, 2021
by John Donovan.
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Shell plays down risk of stranded oil and gas reserves

Ron Bousso: April 15, 2021 Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.

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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell takes control of first Dutch offshore wind farm

Mar 30th, 2021
by John Donovan.
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Shell takes control of first Dutch offshore wind farm

30 March 2021

Shell has acquired Vattenfall’s 50% share in the 108MW Egmond aan Zee offshore wind farm, one of the first to be built.

Following the transaction Shell is the 100% owner of NoordzeeWind that manages the asset.

Vattenfall head of asset management Kasper Simonsen said: “The lessons we have learned from the first Dutch offshore wind farm can be applied in the construction of Hollandse Kust Zuid and other future offshore wind farms. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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