News and information on Shell Plc
By John McManus: BBC News: 14 April 2016
The head of energy giant Shell’s UK and Ireland operations has said the UK government should have continued to support a scheme to develop carbon capture technology.
The technology – to store carbon emissions from fossil fuels underground – was being developed at Peterhead power station with the help of Shell.
Chancellor George Osborne cancelled the competition in his Autumn Statement.
Shell’s Paul Goodfellow said the technology needed more development.
BY JENNIFER MCKIERNAN POLITICAL REPORTER, 26 NOV 2015
PLANS for a £1 billion carbon capture and storage plant at Peterhead have been axed by Chancellor George Osborne in his autumn spending review.
The project, which would have been the world’s first CCS plant, had been expected to create 600 jobs in the North-east.
A spokesman for energy giant Shell said the project was not viable without UK Government funding.
He said: “While we acknowledge this decision has been made in the context of a difficult spending review, without that funding, we no longer see a future for the Peterhead project in the near term.”
FORT SASKATCHEWAN — The CEO of Royal Dutch Shell Plc says a decision to back away from its Carmon Creek oilsands project last month does not mean it’s backing away from the oilsands in general.
Ben van Beurden told reporters last week that his company ranks investment opportunities in its global portfolio project-by-project, not region-by-region — so the whole industry cannot be painted with the same brush as the halted 80,000-barrel-a-day Carmon Creek project in northwestern Alberta.
More important than its upfront cost was the project’s “resilience” under a variety of different scenarios, said van Beurden.
Markets | Fri Nov 6, 2015 3:38pm EST
Nov 6 (Reuters) – The U.S. rejection of the proposed Keystone XL pipeline was driven in part by protesters who are increasingly frustrated with inaction on climate change, Royal Dutch Shell Plc Chief Executive Ben van Beurden said on Friday.
Speaking at the launch of Shell’s new carbon capture and storage project in Alberta, the first Canadian project of its kind in the oil sands industry, van Beurden said anti-fossil-fuel movements are growing because of anxiety and resentment about a failure to reduce greenhouse gas emissions.
CALGARY, ALBERTA | BY MIKE DE SOUZA: Commodities | Thu Nov 5, 2015 9:01pm GMT
Royal Dutch Shell’s launch on Friday of Canada’s first oil sands project to capture and bury carbon emissions – assisted by generous public subsidies – will likely be the last to get such funding, the Alberta government said this week.
The left-leaning New Democratic government of the energy-rich Western Canadian province, home to the country’s controversial oil sands, said it no longer plans to fund future efforts using the technology.
DAVID HOWELL, EDMONTON JOURNAL: 19 Oct 2015
Fort Saskatchewan — More than 100,000 tonnes of compressed carbon dioxide have been sequestered deep underground during startup testing of Shell Canada’s $1.35-billion Quest carbon capture and storage project.
“We’re not quite at commercial operations — we’re expecting that in the near future — but in that (testing) process we are proving that we can safely inject that CO2 underground,” Quest lead Tim Wiwchar said in an interview this week.
Global warming concerns have been receiving more and more media attention, as major oil companies also plan to address the issue, considering its potentially adverse effect on the environment.
Goldeneye, an abandoned offshore natural gas production platform that is connected to the Scottish coast via a 100 kilometer long pipeline, could soon be used to deposit carbon dioxide well below the Earth’s surface. Once operated by Royal Dutch Shell plc (ADR) (NYSE:RDS.A), the project could become the world’s first carbon capture and storage (CCS) project that uses a power station, fuelled by natural gas. The European energy major is looking to the UK government to release one billion GBP in funds for the company to develop the project, the Financial Times has reported.
From an article by Joshua King published on 30 March 2015 by the Aberdeen Press & Journal under the headline:Extracts
Plans for a pioneering clean energy project in the north-east have been formally tabled with Aberdeenshire Council in a major milestone for the multimillion-pound scheme.
The carbon capture and storage (CCS) development planned for Peterhead Power Station could bring hundreds of jobs to the Buchan town and would be the first of its kind in the world.
Spearheaded by giant Shell, it involves pumping tens of millions of tonnes of harmful CO2 back into depleted North Sea gas wells, 62 miles offshore.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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