REUTERS

Shell says electricity to meet 60% of China’s energy use by 2060

SINGAPORE (Reuters) – China may triple electricity generation to supply 60% of the country’s total energy under Beijing’s carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell said on Monday.

Shell is one of the largest global investors in China’s energy sector, with business covering gas production, petrochemicals and a retail fuel network. A leading supplier of liquefied natural gas, it has recently expanded into low-carbon business such as hydrogen power and electric vehicle charging. read more

Was Shell’s response to Cambo reasonable?

SOME THOUGHTS FROM A LONG-TERM CONTRIBUTOR TO THIS WEBSITE, A RETIRED SENIOR SHELL OFFICIAL, BILL CAMPBELL

Given that US and China dominate the world’s CO2 emissions you have to ask the question was the Shell response to Cambo reasonable?

UK with its total CO2 emissions just under 3% of the World with the oil and gas sector in the UK contributing circa 25% of UK emissions, but with transport and electricity generation accounting for just over 52%, it makes you wonder since the UK may have to import more oil in the near to medium future (increasing transport emissions) in so doing.  read more

Photo Credit: Photographic Services, Shell International Limited.

China Wants Huge New Green Hydrogen Plant Operational In 2023

EXTRACTS

China offers promise for clean energy in a world dominated by fossil fuel-driven hydrogen projects through its new green hydrogen mega-plant.

China is planning a huge green hydrogen project using solar and wind power for its Inner Mongolia region. A cluster of plants will be constructed in the cities of Ordos and Baotou, expected to use 1.85 GW of solar power and 370 MW of wind power to produce approximately 66,900 tonnes of green hydrogen every year, according to the Hydrogen Energy Industry Promotion Association. read more

Hydrogen seen as green way forward

By ZHENG XIN | China Daily Global | Updated: 2021-01-06 00:00

Global energy giant Royal Dutch Shell is also betting big on China’s hydrogen development while further involving itself in the country’s hydrogen projects after it unveiled its first commercial hydrogen project in China in November, which includes a 20-megawatt electrolyzer that will produce hydrogen and supply refueling stations in Zhangjiakou, one of the co-hosts of the Beijing 2022 Winter Olympics. read more

Shell Acquires Full Control of Chinese Gas Station Joint Venture

Royal Dutch Shell Plc has acquired full control of one of its gas station joint ventures in China as the oil major doubles down on the fuel retailing market in the world’s second-largest economy.

Shell has agreed to buy the stake it didn’t already own in Chongqing Doyen Shell Petroleum & Chemical Co. and completed the deal on Oct. 19, a company representative said following a Bloomberg inquiry.

The oil major paid about 1 billion yuan ($149 million) for 51% of the joint venture, according to a person familiar with the matter. That marked the full exit of Chongqing Doyen Shuorun Petrochemical Group Ltd. in the gas station chain, which was founded in 2006. read more

Should you ditch energy giants as the age of oil ends? Or try to clean up as they go green?

By RACHEL RICKARD STRAUS, FINANCIAL MAIL ON SUNDAY

PUBLISHED: 21:50, 26 September 2020 | UPDATED: 12:30, 27 September 2020

There has been talk of the demise of oil and gas for decades. But you know that things are getting serious when even the boss of oil giant BP, Bernard Looney, warns that demand for oil may peak in the next few years and then decline.

The so-called energy transition from fossil fuels to renewables is gaining momentum. read more

Countries Need to Invest $55 Trillion to Reach Emissions Target

By Rajesh Kumar Singh 16 September 2020, 15:39 BST: Updated on 17 September 2020, 07:17 BST

Global economies will need to invest as much as $55 trillion through the middle of the century to meet an emissions goal and contain warming of the planet, according to a report by a group of executives from energy-intensive companies including ArcelorMittal SA, BP Plc and Royal Dutch Shell Plc.

Reaching net-zero carbon emissions target by 2050 will require large-scale electrification of industries, buildings and transport, as well as the use of hydrogen and biofuels in areas that can’t be electrified, according to the Energy Transitions Commission. Using less energy to produce more and recycling material will aid the efforts. Building renewable power plants will take up a bulk of the estimated investment. read more

CNOOC, Shell to invest 5.6 billion U.S. dollars in new ethylene project

GUANGZHOU, May 17 (Xinhua) — China National Offshore Oil Corporation (CNOOC), the largest offshore oil and gas producer in China, and Royal Dutch Shell, the world’s leading energy and petrochemical conglomerate, signed a strategic cooperation framework agreement worth 5.6 billion U.S. dollars on Sunday.

Representatives in Guangzhou, capital city of south China’s Guangdong Province, Beijing, and The Hague, signed the agreement via 5G video link. read more

“People will use public transport less” because of fears about picking up infection on crowded trains and buses, Cuneyt Kazokoglu, head of oil demand analysis at energy consultancy FGE, wrote in the Financial Times this month. “Increased reliance on cars once the lockdown measures ease will support petrol demand, potentially for years to come.”

There’s an intuitive logic to that proposition, and even signs that it might be backed up by data. Chinese cities are already seeing traffic jams on a par with pre-coronavirus times, according to data from TomTom International BV. With the pandemic still raging, the U.S. Energy Information Administration’s weekly petroleum status report has been showing a pick-up in gasoline consumption since its lows last month, though it’s still running 40% below where it was a year ago. read more

Jessica Jaganathan: APRIL 7, 2020

SINGAPORE, April 7 (Reuters) – Royal Dutch Shell said on Tuesday its Australian unit and joint venture partners had decided to delay a final investment decision (FID) on the Crux gas project in offshore Australia that was initially planned for 2020.

The Crux project is one of several globally that have been delayed in recent months following the collapse in energy prices.

LNG demand had been hitting record highs until recently thanks to appetite from China and India as they diversify away from dirtier coal power generation, but the crash in oil and gas prices has caused major LNG exporters to put off gigantic new facilities or expansions of existing projects. read more

EXTRACTS (Entire New York Magazine article can be read here)

Since 2017, when I published a book about American millennials, I’ve had the occasional cold call from corporations to come talk about my work, all but one of which I’ve turned down. But last fall, the Shell Scenarios team — as in Royal Dutch Shell, one of the biggest oil companies in the world — offered me £2,000 in exchange for a 15-minute talk and my participation in a group exercise. Its internal corporate think tank was holding a daylong conference about how generational change would affect the hopefulness projected in what the company calls the “Sky Scenario,” which it describes as “a technically possible but challenging pathway for society to achieve the goals of the Paris Agreement.” I’m not a climate expert, but apparently I qualify as a generational whisperer, at least to Shell, and to talk to me about global warming, the giant energy conglomerate wanted to fly me to London from Philadelphia, business class. I warned them that I couldn’t keep their money and asked if I’d need to sign an NDA. When they said no, I saw an opportunity to report on the oil company, undercover while in plain sight, without technically lying to anyone. It was too good to pass up. I said yes, then I emailed my editor. read more

Energy giant said it is redirecting shipments and looking for new buyers for LNG that was previously allotted to China read more

FEBRUARY 17, 2020

LONDON, Feb 17 (Reuters) –

* Shell Energy Europe Limited, the energy marketing and trading division of Royal Dutch Shell has agreed a multi-year supply deal for power from a battery storage project in southwest England, the company said on Monday.

* The two 50-MW batteries will enable Shell Energy Europe and its subsidiary Limejump to use renewable power in the area, the firm said.

* When fully charged, a 100-MW battery could hold 100 megawatt hours of electricity, enough to power about 10,000 homes for a day before being recharged. read more

Shell wanted exclusive access to the Chinese market and the Chinese wanted their own large oil and gas concessions in the Middle East. Shell had an exclusive 75 years old concession in the United Arab Emirates, which was about to expire on January 2014. What did the Emirati royalty want in order to facilitate this large oilfield concession changing hands? The answer is money, a massive bribe. This is where Oscar Wyatt’s company, Coastal Energy Resources came into the picture.

By John Donovan

A whistleblower who held a senior finance position inside Royal Dutch Shell has made serious allegations relating to the 1MDB scandal, which he claims is the tip of the iceberg of something way bigger and even more sinister. He also claims to have received death threats on numerous occasions since he left Shell.

His decade long employment record with Shell appears to be 100% authentic.

What is the Malaysian 1MDB scandal?

The 1Malaysia Development Berhad scandal or 1MDB scandal is an ongoing political scandal occurring in Malaysia. In 2015, Malaysia’s then-Prime Minister Najib Razak was accused of channelling over RM 2.67 billion (nearly USD 700 million) from 1Malaysia Development Berhad (1MDB), a government-run strategic development company, to his personal bank accounts. (Extract from related Wikipedia article.) read more

• Author Andrew Toh    Wanda Wang    Eric Yep
• Editor Wendy Wells
• 03 Jan 2019 | 07:14 UTC

Singapore — Shell will load the first condensate cargo from Australia’s Prelude FLNG project at end January, according to shipping reports and sources Thursday.

The condensate will be loaded in a 80,000 mt clip over January 31 to February 2, shipping reports showed.

A vessel has not been fixed for the cargo, and shipbrokers said Shell began looking for an Aframax tanker to load the cargo Thursday.

Shell did not immediately respond to an email query seeking comment.

The destination of the cargo is unclear, though trade sources have said that the oil major will likely use the cargo within its own network of splitters and refineries. read more