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Sleep-deprived Prelude workers complain to offshore regulator

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Sleep-deprived Prelude workers complain to offshore regulator

19 JULY 2021

OPERATIONAL managers of Shell’s Prelude facility are being accused of blatantly ignoring serious work safety occupational health and safety breaches as workers complain they’re being forced to work on only two to three hours’ sleep.

Shell’s FLNG facility moored offshore Western Australian has become notorious for the poor conditions faced by workers onboard.

Members of the union group The Offshore Alliance have made an official complaint to the offshore regulator, NOPSEMA, urging it to investigate alleged breaches of fatigue management standards. read more

royaldutchshellplc.com and its also non-profit 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: One Year Later, Shareholders Are $50 Billion Poorer Despite Solid Results

Royal Dutch Shell: One Year Later, Shareholders Are $50 Billion Poorer Despite Solid Results

Daniel Thurecht: May 04, 2021 

Summary

  • It has been one year since Royal Dutch Shell shocked equity markets with their hasty decision to heavily reduce their dividends given the onset of the Covid-19 pandemic.
  • This time around they have provided a 4% dividend increase for the third straight quarter, along with a solid set of results that show a recovery is well underway.
  • Despite their solid financial performance, their share price continues lagging that of their peers who sustained their dividends by a significant margin and thus makes their shareholders $50b poorer.
  • Thankfully, it appears that their shareholder returns are poised to increase as soon as following the second quarter of 2021 since they are easily within reach of their $65b net debt goal.
  • Given their continued strong financial performance and higher dividends, I believe that maintaining my very bullish rating is appropriate.
  • read more

    royaldutchshellplc.com and its also non-profit 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 raises its dividend as profits surge

    Shell raises its dividend as profits surge

    Reuters Ron Bousso Shadia Nasralla: April 29, 2021

    Royal Dutch Shell’s (RDSa.L) profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned on Thursday that the outlook remained uncertain due to the pandemic.

    Shell’s adjusted earnings came in ahead of an average analyst forecast of $3.125 billion and were also above earnings of $2.9 billion last year, boosted by assets sales as well as higher oil and liquefied natural gas prices. read more

    royaldutchshellplc.com and its also non-profit 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’s $12 Billion Prelude LNG Barge Drifts Toward A Finale

    Shell’s $12 Billion Prelude LNG Barge Drifts Toward A Finale

    Prelude’s future darkens as losses mount.

    Tim Treadgold Asia: April 26, 2021

    Prelude or finale, that’s a question some observers are starting to ask about a $12 billion ship called Prelude which was supposed to revolutionize the liquefied natural gas (LNG) industry.

    Built by Royal Dutch Shell, Prelude is designed to move from one offshore gasfield to another, avoiding the need for costly offshore structures and pipelines to shore-based gas processing facilities. read more

    royaldutchshellplc.com and its also non-profit 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.

    Iraq Moves To Exploit Its Massive Natural Gas Reserves

    Iraq Moves To Exploit Its Massive Natural Gas Reserves

    EXTRACTS

    …that said, it has made some progress in developing gas resources, most notably in 2019/2020 when the US$17 billion 25-year Basra Gas Company (BGC) project with Royal Dutch Shell…

    The original design plans for Nebras – formulated between Shell and the Iraq Oil Ministry and Ministry of Industry and Minerals – were for a project that could produce at least 1.8 million metric tonnes per year (mtpy) of various petrochemicals. read more

    royaldutchshellplc.com and its also non-profit 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 to link executive pay more closely to group’s climate performance

    Shell to link executive pay more closely to group’s climate performance

    LONDON (Reuters) – Royal Dutch Shell has proposed linking its directors’ pay more closely to the group’s climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday.

    The weighting of Shell’s energy transition performance on its targeted path to net zero emissions by 2050 would double to 20% of the directors’ long-term incentive plan calculation if shareholders vote for the plan at a meeting on May 18. read more

    royaldutchshellplc.com and its also non-profit 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.

    As the Shift to Green Energy Speeds Up, Shell’s Big Natural-Gas Bet Is at Risk

    Shell has written down the value of some of its gas assets, including its Queensland Curtis project in Australia.

    As the Shift to Green Energy Speeds Up, Shell’s Big Natural-Gas Bet Is at Risk. The fuel faces growing environmental scrutiny and competition from cleaner energy sources

    By Sarah McFarlane: March 27, 2021 5:30 am ET

    LONDON— Royal Dutch Shell PLC bet big on natural gas as the energy source of the future when it bought BG Group for $54 billion. Five years later, it appears the gas era won’t last long. read more

    royaldutchshellplc.com and its also non-profit 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 publishes Annual Report and Accounts

    Shell publishes Annual Report and Accounts

    Source: Shell International B.V. 11-Mar-2021

    Royal Dutch Shell plc published its Annual Report and Accounts for the year ended December 31, 2020.

    The 2020 Annual Report and Accounts can be downloaded from www.shell.com/annualreport.

    In compliance with 9.6.1 of the Listing Rules, on March 11, 2021, a copy of the 2020 Annual Report and Accounts was submitted to the National Storage Mechanism. This document will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In compliance with section 5:25m(5) Financial Markets Supervision Act the Annual Report and Accounts was submitted to the Netherlands Authority for the Financial Markets (AFM). The AFM publishes the report in its public register. read more

    royaldutchshellplc.com and its also non-profit 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.

    Which Banks Are The Biggest Backers Of Oil And Gas?

    Which Banks Are The Biggest Backers Of Oil And Gas?

    About a month ago, BlackRock Inc.(NYSE:BLK), the world’s largest asset manager with $9 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double down on climate activism by backing more shareholder resolutions on climate change and social issues in 2021.

    Around the same time, the $226 billion New York State pension fund and the $5B Rockefeller Brothers Fund announced plans to divest the majority of their fossil fuel investments and also sell shares of other companies that have been actively contributing to global warming. read more

    royaldutchshellplc.com and its also non-profit 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.

    Despite Its Pledges, Shell Funded Anti-Climate Lobbying Last Year

    BUSINESS: 25/02/2021 10:45 GMT

    Despite Its Pledges, Shell Funded Anti-Climate Lobbying Last Year

    The oil giant belonged to one group that pushed for a rule designed to preempt banks’ policies against lending for Arctic drilling and coal mining.

    Royal Dutch Shell vowed last September to reach net-zero carbon pollution in its business by 2050. The goal was vague but notable, and seemed to become more realistic when the corporation announced earlier this month that its crude oil production had peaked in 2019 and would likely never increase again. read more

    royaldutchshellplc.com and its also non-profit 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 aims to double power sales by 2030

    Shell aims to double power sales by 2030

    By Jaime Llinares Taboada

    Royal Dutch Shell PLC on Thursday laid out its green transition strategy, including targets to double electricity sales, expand its liquefied natural gas capacity and gradually reduce oil production.

    The Anglo-Dutch energy major, which is committed to becoming a net zero emissions business by 2050, said that it will rebalance its portfolio in the near term by annually investing between $5 billion and $6 billion in its growth pillar, which comprises marketing, renewables and energy solutions. read more

    royaldutchshellplc.com and its also non-profit 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 targets power trading and hydrogen in climate drive

    Shell targets power trading and hydrogen in climate drive

    By : FEBRUARY 1, 2021: 8 MIN READ

    LONDON (Reuters) – Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources said.

    Shell and its European rivals are seeking new business models to reduce their dependency on fossil fuels and appeal to investors concerned about the long-term outlook for an industry under intense pressure to slash greenhouse gas emissions. read more

    royaldutchshellplc.com and its also non-profit 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.

    LNG production at Shell’s Prelude gas processing plant in Western Australia restarts following 11-month closure

    LNG production at Shell’s Prelude gas processing plant in Western Australia restarts following 11-month closure

    ABC KimberleyBy Ben Collins: 23 Jan 2021 “As for making money from this project, that’s extremely unlikely because the cost overruns and completion delays are in the horrendous category,”…

    Key points:

    • The facility was shutdown for 11 months after electrical and safety problems
    • Some analysts hold concerns about the facility’s economic and environmental performance
    • Shell has never revealed the cost of constructing Prelude

    Liquified natural gas (LNG) production has restarted this month on the world’s largest floating object, Shell’s half-kilometre long Prelude gas processing facility.

    The restart is much-needed good news after an 11-month shutdown following a technical issue only described as an “electrical trip” by Shell, and three incidents that the offshore energy regulator NOPSEMA described as “dangerous occurrences”. read more

    royaldutchshellplc.com and its also non-profit 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.

    MYSTERY OF SUDDEN DIVERSION OF LNG TANKERS BOUND FOR SHELL’S TROUBLED PRELUDE FLNG 

    MYSTERY OVER SUDDEN DIVERSION OF LNG TANKERS BOUND FOR SHELL’S TROUBLED PRELUDE FLNG 

    Extracts from Reuters article – Two LNG tankers bound for Australia’s Prelude facility divert..

    It is not clear why the ships changed their destinations from Prelude…: Shell declined to comment on the matter.

    EXTRACTS FROM RELATED SPECULATION BY RETIRED SENIOR SHELL EXPERTS

    Your the wiz kid on tanker movements

    ….seems to me the only logical reason for such diversion of for example the Gaslog Glasgow was there was not a sufficiency of LNG to load on or around the 15 January (the first load was offtaken on 8 January) when to meet the 3.6m tonnes design output it would have been required to load around this time and I think you calculated that to meet the 3.6 mt/a  given an average LNG carrier capacity an offload would be expected every circa 7 –  10 days,… read more

    royaldutchshellplc.com and its also non-profit 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.

    UPDATE 1-Two LNG tankers bound for Australia’s Prelude facility divert-shiptracking data

    UPDATE 1-Two LNG tankers bound for Australia’s Prelude facility divert-shiptracking data

    By Reuters Staff: JANUARY 19, 2021

    (Adds comment from Shell)

    SINGAPORE, Jan 19 (Reuters) – Two liquefied natural gas (LNG) tankers that had initially signalled they would load at Royal Dutch Shell’s Prelude floating LNG facility in Australia have diverted elsewhere, shiptracking data showed on Tuesday.

    This comes just a week after Shell said that Prelude would resume loading cargoes after production had been suspended for nearly a year following an electrical trip. read more

    royaldutchshellplc.com and its also non-profit 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.

    Two LNG Tankers Bound for Australia’s Prelude Facility Divert?

    Two LNG Tankers Bound for Australia’s Prelude Facility Divert

    Jessica Jaganathan January 19, 2021

    Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell’s Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.

    This comes just a week after Shell said that Prelude would resume loading cargoes after production had been suspended for nearly a year following an electrical trip.

    The facility loaded its first cargo since coming back online on Jan. 8 onto the LNG tanker Symphonic Breeze which delivered its shipment into Japan on Monday. read more

    royaldutchshellplc.com and its also non-profit 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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