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Royal Dutch Shell: Energy Transition Woes

Royal Dutch Shell: Energy Transition Woes

: Energy Income Authority: Oct 8, 2020 High-quality income and growth plays in the energy space. Summary
  • Poor messaging from management, as well as an ill-prepared balance sheet caused in part by buybacks, has caused the European major a lot of pain.
  • Arguably, senior executives deserve to be shown the door. But even if that happens, expect the pivot away from fossil fuels to continue.
  • Is the move into Power and other “Green Energy” assets the right move? Maybe, maybe not.
  • This idea was discussed in more depth with members of my private investing community, Energy Income Authority. Get started today »

I often get asked why I don’t cover the supermajors all that often on Seeking Alpha. The answer comes down to a rather simple reality: time invested versus potential gain. Anyone that has followed my long / short book knows that whatever I take a stake in, I know inside out. Quite frankly, the sprawling operations of most majors coupled with competing against institutionals that have enough research analysts on the payroll to pack a local gymnasium makes it a losing proposition – or at least in my view. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell plans up to 9,000 job cuts worldwide

Shell plans up to 9,000 job cuts worldwide

By Allister Thomas

Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.

The energy giant, which has been grappling with the effects of the oil price downturn and Covid-19, follows rival BP who earlier this year announced plans for 10,000 job cuts.

Shell, which employs 6,000 people in the UK, including 1,000 directly in its Upstream oil and gas business in the country, said the “reduced organisational complexity” will save between $2billion – $2.5billion by 2022 on an annual basis. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell cuts back on fracking to fund renewable energy drive

The international oil giant will cut about 40pc of overheads including staff…

Shell cuts back on fracking to fund renewable energy drive

The oil giant is seeking to free up investment for early-stage carbon capture and hydrogen projects

Falling oil and gas prices due to the pandemic have taken the shine off many assets and triggered heavy write-downs.

Shell is making deep cuts in its fracking business as it tries to free up cash to cope with the pandemic and invest in renewable energy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Explores Sale of a Norwegian Natural Gas Business

Shell Explores Sale of a Norwegian Natural Gas Business

Its shares are down 48% this year, giving the company a market value of around $115 billion.

Aaron Kirchfeld, Dinesh Nair and Laura Hurst: Bloomberg

(Bloomberg) — Royal Dutch Shell Plc said it’s considering a sale of a Norwegian natural gas supplier, as the energy major continues to selectively dispose of assets.

The company is exploring a disposal of its Gasnor unit, a spokesperson confirmed in response to Bloomberg queries. Shell has approached infrastructure funds and private equity firms about a deal, people with knowledge of the matter said, asking not to be identified as discussions are private. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Former Shell exec gets $800,000 for wrongful dismissal

Aust 11, 2020

Employee fired for discussions with subordinate on conflict of interest and investigation, but conduct didn’t breach policies: Alberta court

A former Shell executive has won $800,000 after the oil company wrongfully dismissed her on trumped-up charges of breaching its conflict-of-interest policy and investigation processes.

SOURCE (PAYWALL)

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Canada to show support towards medical staff during COVID-19 pandemic

By Scott Brooks: April 7, 2020 4:25 pmFORT ST. JOHN, B.C. – Shell Canada has announced it will be providing its support and appreciation towards medical staff during the COVID-19 Pandemic.

According to Shell Canada, free beverages and sandwiches are being offered to every healthcare professional that visits any of the 450 participating Shell service stations across Canada.

Locally, the Shell service stations in Fort St. John, on 100 Street and 96A Street, and in Dawson Creek, on 8th Street, will be taking part in the offer.

Shell says healthcare professionals include EMT staff, nurses and doctors, and can be identified by a uniform or badge, and each personnel will be limited to one offer per visit. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell is offering free sandwiches and drinks to medical staff across Canada

There’s a ton of awesome food and beverage promotions happening across the country for our local superheroes (AKA frontline medical staff).

One more recent deal comes to us from Shell, as the company announced it’s currently offering free sandwiches and drinks to healthcare professionals at participating gas stations across Canada.

All the frontline medical staff need to do is show their healthcare ID at participating stores, and the deal is done.

This offer is valid for a pre-packaged sandwich or other eligible sandwiches such as deli2go, and a hot beverage which includes all sizes of coffee, tea, and/or hot cappuccino. The promo is limited to one per visit per healthcare provider.

GoShell link

In BC, Shell will also be providing a free Nestle 591ml bottle of water to every healthcare professional. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

A Shell insider is behind LNG Canada’s disputed claim about reducing carbon pollution

March 4th 2020

A disputed environmental claim publicized by the fossil fuel firms backing a $40-billion liquefied natural gas project in B.C. can be traced back to a lifelong industry insider, who cautioned in interviews that his underlying calculations are “theoretical.”

Rob Seeley has been held up as an independent consultant who has demonstrated the green bona fides of natural gas coming from the proposed B.C. project, LNG Canada. The Coastal GasLink pipeline being built through unceded Wet’suwet’en Nation territory is meant to transport fracked gas to this terminal, where it would be liquefied, loaded onto ships and exported to Asia. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OilPrice.com: Canada Rocked By Anti-Pipeline Protests

By Nick Cunningham – Feb 15, 2020, 2:00 PM CST

Protests continue to swell over the Coastal Gaslink Pipeline, a long-distance pipeline carrying natural gas from Alberta to the Pacific Coast.

The pipeline’s route would travel more than 400 miles to the coast at Kitimat, British Columbia, where it intends to deliver gas to a massive LNG export project, under construction by a joint venture led by Royal Dutch Shell.

The $6.2 billion Coastal Gaslink pipeline, which is being built by TC Energy, runs through territory of the Wet’suwet’en Nation. Some First Nations chiefs support the pipeline, but others do not. Those opposed have demanded a halt to construction.

The Royal Canadian Mounted Police (RCMP) began arresting indigenous peoples on their territory earlier this month. “Forcing indigenous peoples off their own territory is in complete and disgusting violation of the United Nations Declaration on the Right of Indigenous Peoples,” Grand Chief Stewart Phillip of the Union of BC Indian Chiefs said in early February. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

FINANCIAL POST: Canada’s largest ever energy project faces fresh turmoil as First Nations seek to evict workers

LNG Canada, which is also under construction, is said to be the largest private sector investment in Canadian history, with a price tag of around $40 billion and is being developed by a Royal Dutch Shell-led consortium.

Yadullah Hussain: January 6, 2020

Canada’s multi-billion LNG Canada project is facing fresh trouble, as work on a key artery linking the export facility near Kitimat, B.C. to natural gas resources in Dawson Creek area is being halted by First Nations groups.

Wet’suwet’en hereditary chiefs, representing all five clans of the Wet’suwet’en Nation, said over the weekend that they issued an eviction notice to the Coastal GasLink pipeline company, which is building the $6.6 billion project.

LNG Canada, which is also under construction, is said to be the largest private sector investment in Canadian history, with a price tag of around $40 billion and is being developed by a Royal Dutch Shell-led consortium. The project will export Canadian natural gas to Asian markets. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Seeking Alpha: Shell pledges to stay in Canada, top exec says

Shell pledges to stay in Canada, top exec says

|About: Royal Dutch Shell plc (RDS.A)| By , SA News Editor

Royal Dutch Shell (RDS.A -0.4%) is staying in Canada even as others pull up stakes, Shell Canada head Michael Crothers tells Bloomberg.

Shell’s future in the country is largely as a natural gas producer and exporter focused on the US$30B LNG Canada project, though the company also is committed to its local chemicals and retail businesses, Crothers says.

Aside from LNG Canada – which is 40%-owned by Shell – and the Groundbirch gas production complex in British Columbia that will partly supply it, the company has some light oil production, the Scotford refinery, two chemicals plants and a carbon capture facility in Alberta, plus the Sarnia refinery and a lubricants plant in Ontario.

Shell also still owns a 10% stake in the Athabasca oil sands after selling most of its holdings in 2017; Crothers says the company has no plans to sell the rest because it is a core asset which provides feedstock for the Scotford complex. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Times: BP and Shell projects ‘will become unviable’

The Times

About $50 billion of projects approved by oil companies including Royal Dutch Shell and BP within the past year will fail to deliver economic returns if the world meets the Paris climate goals, according to new analysis.

Shell’s huge Canadian liquefied natural gas project, approved last October, and BP’s latest Azerbaijan oil development, approved in April, are among projects that risk becoming “stranded assets”, according to Carbon Tracker, a not-for-profit think tank, which aims to “align capital markets with climate reality”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

SHELL CANADA INSIDER ALLEGATIONS ABOUT CAROLINE GAS PLANT

“Management has been mostly concerned with cutting costs and phasing out plant equipment as it is no longer required.  …culture has been of the “don’t touch F_ck all” variety…” “I chose to work somewhere else because I felt that there was too much corruption and neglect to overcome…”

POSTING ON OUR SHELL BLOG MONDAY 25 FEBRUARY 2019

By “Shell Canada Insider”

SHELL CANADA: …they are wanting to sell their Alberta operations….. because there is no money left in it…they have syphoned it all off…

https://business.financialpost.com/commodities/energy/shell-seeks-sale-of-canadian-refinery-to-focus-on-lng-project

…in Caroline Alberta they had a massive sour gas leak on March 23 2003. It was in the local paper….Caroline Alberta or Sundre Alberta. (Sundre roundup)

I think also on 2010-2011 they had multiple explosions at their Caroline facility supposedly an employee during an explosion at the south compressor station had to be airlifted to hospital and was seriously injured. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell News 9 January 2019: 5 different articles

Ben van Beurden has marked five years as chief executive of Royal Dutch Shell by giving a “wide-ranging interview” on climate change, his leadership style and “Shell’s biggest financial transformation” — an interview given to, erm, Royal Dutch Shell’s website. But rest assured, the oil group’s in-house journalists weren’t letting their boss off lightly. The transcript published yesterday features such hard-hitting questions as: “Who do you turn to for advice and support?” (answer: his wife, Stacey); “What are you most proud of when you look back at 2018?”; and “Why is trust so important for Shell?” A real zinger, that one.

SOURCE

Shell buys out Total’s 26% stake in Hazira LNG and Port

By Rachita Prasad: ET Bureau: Updated: Jan 09, 2019, 03.01 PM IST Royal Dutch Shell has completed the acquisition of Gujarat-based Hazira LNG and Port Ventures from French energy major Total Gaz Electricité Holdings, the company said in a statement on Wednesday.

Shell Gas, a subsidiary of Royal Dutch Shell plc, acquired 26% equity interest in the Hazira LNG and Port from Total, to complete the acquisition. We did not disclose the financial consideration for the deal.

“The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions,” Shell said in the statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell News 2 November 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell News 18 October 2018

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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