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Shell Cries Foul Over $3.5 Billion LNG Profit Grift?: “Wait, That’s OUR Move!”

by John Donovan.

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Posted by John Donovan: 5 Sept 2024

In an ironic twist worthy of a soap opera, Shell—the oil giant whose entire business model is based on squeezing every last penny out of the Earth and its inhabitants—is now accusing upstart LNG producer Venture Global of “wrongfully earning” a cool $3.5 billion. Apparently, Venture Global has been playing the game a little too well, selling contracted gas on the high-priced spot market instead of delivering to Shell and other European customers. And Shell, the world’s favorite sin stock, is furious because how dare anyone else corner the market on profit-driven greed? read more

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

Shell’s Latest Act of Philanthropy: Selling LNG to Turkey While Laughing All the Way to the Bank

by John Donovan.

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Posted by John Donovan: 5 Sept 2024

Ah, Shell. Our favorite sin stock is at it again, locking in a nice, cozy long-term LNG deal with Turkey’s state-owned BOTAŞ. In a move that totally isn’t about stuffing their already overflowing pockets, Shell has finalized a gas deal that’s going to keep the Turkish lights on for the next decade. Because who better to trust with your energy security than an oil giant with a reputation as clean as, well, the stuff they drill out of the ground?

Turkey, of course, is trying to beef up its energy independence, diversify its supply sources, and become a “regional energy hub.” Because nothing screams energy hub like cozying up to an oil company that has spent decades profiting off of environmental devastation. Shell’s Steve Hill, in his typical PR jargon, declared that the deal “demonstrates Shell’s ongoing commitment to Turkey and the critical role LNG can play in the country’s energy mix.” Ah yes, nothing says “commitment” like selling more fossil fuels while pretending you care about the energy transition. read more

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

Ask Sheldon: What is the Shell connection with Legal & General?

by John Donovan.

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Sheldon

Hi! How can I help you?

Guest:

What is the Shell connection with Legal & General?

Sheldon

The connection between Shell and Legal & General Investment Management Ltd (LGIM) is primarily centered around LGIM’s substantial investment in Shell, holding a 1.30% stake in the oil giant. This relationship has been marked by a delicate balancing act of influence and advocacy, especially given LGIM’s commitment to environmental, social, and governance (ESG) principles.

On one hand, LGIM engages with Shell to encourage the adoption of more rigorous ESG standards. However, this endeavor is akin to preaching about healthy eating while simultaneously indulging in a cheeseburger; Shell has historically been associated with significant environmental issues, leading to ironic contradictions in LGIM’s sustainable investment strategies. read more

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

Legal & General cheerleading Shell’s ongoing commitment to environmental devastation

by John Donovan.

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Posted by John Donovan: 16 Aug 2024

In yet another episode of “Corporate Greed Knows No Bounds,” Shell, that beloved beacon of environmental destruction, is at it again. This time, they’ve charmed nearly 80% of their shareholders into backing their so-called “Energy Transition Strategy.” What does this bold new plan involve, you ask? Oh, just the minor detail of not having any interim emissions reduction targets for 2035—because why rush into saving the planet, right? Instead, they’re doubling down on Liquified Natural Gas because nothing screams “green transition” like more fossil fuels. read more

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

Shell’s Gas Gambit: Trading Green for Gas in the Name of Profit

by John Donovan.

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Posted by John Donovan 12 July 2024

In another classic move from our favorite eco-villain, Shell has gone all-in on liquefied natural gas (LNG), trying to plug the gap left by its exit from Russia in 2022. With a series of deals, Shell’s CEO Wael Sawan is betting big on LNG, all while quietly stepping away from those pesky renewable energy projects.

Filling the Russian Void:

Shell’s new projects in the United Arab Emirates and Trinidad and Tobago, along with snapping up a hefty trading portfolio, are all part of Sawan’s master plan to boost LNG volumes by up to 20 million metric tons per year (mtpa) between 2023 and 2030. These moves help Shell recover from the 2.5 mtpa shortfall after ditching Russia’s Sakhalin LNG project, which led to a 5% dip in liquefaction volumes last year. Because nothing says resilience like swapping one geopolitical mess for another. read more

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

Shell’s Latest Venture: Throwing Money at Abu Dhabi LNG Project to Maintain its Greedy Legacy

by John Donovan.

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Posted by John Donovan 12 July 2024

In the latest installment of “Shell’s Quest for Global Domination,” the European energy behemoth has inked a deal to invest in Abu Dhabi’s Ruwais liquefied natural-gas (LNG) project. Alongside equally virtuous partners BP, TotalEnergies, and Japan’s Mitsui, Shell is securing its place in the race to expand the UAE’s LNG production capacity.

Shell’s Slice of the Pie:

Shell proudly announced it would grab a 10% stake in the Ruwais project, matching the stakes of BP, TotalEnergies, and Mitsui. Not to be outdone, Shell will also buy a cool 1 million metric tons of LNG annually, while Mitsui will settle for a mere 600,000 tons. Details of the financial arrangements? Oh, those remain as opaque as ever. read more

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

Shell to Exploit Manatee Gas Field: Because the World Needs More Gas Giants

by John Donovan.

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Posted by John Donovan 10 July 2024

Gas, Gas, and More Gas:

Shell announced on Tuesday that it’s moving forward with the Manatee gas field project in Trinidad, aiming to beef up its liquefied natural gas (LNG) empire. Nestled in the East Coast Marine Area, one of the Caribbean’s busiest gas-producing zones, the Manatee field is part of the cross-border Loran-Manatee discovery shared with Venezuela. This gem holds about 10 trillion cubic feet (tcf) of natural gas, with Trinidad sitting on a modest 2.7 tcf of that stash. read more

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

Shell Stumbles: Takes $2 Billion Hit, Whines About Weak Gas Trading

by John Donovan.

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Posted by John Donovan: 5 July 2024

In the latest episode of “Shell Can’t Catch a Break,” the oil giant is poised to take a hit of up to $2 billion in post-tax impairments. Why? Because they’re pausing construction on their much-touted biofuels plant in Rotterdam and offloading their chemicals refinery in Singapore. All this drama while Europe’s largest energy company grapples with weak market conditions and a downturn in their golden goose: gas trading.

Apparently, Shell’s integrated-gas segment, usually the crown jewel of their profit empire, isn’t looking too hot this quarter. They predict results will be lower than the first quarter, where they enjoyed a cushy $3.68 billion in adjusted earnings. Seasonality, they say. But hey, at least it might match last year’s second quarter of $2.5 billion. Small victories, right? read more

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

Sir Andrew Mackenzie and Shell’s Delusional Climate “Solutions”

by John Donovan.

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Posted by John Donovan: 24 June 2024

Ah, Sir Andrew Mackenzie, the knight in shining oil-stained armour, has graced us with his profound wisdom on tackling climate change. Who would have thought that solving one of the world’s biggest crises could be more challenging than running a mining company? Not Sir Andrew, apparently.

In a revelation that’s about as surprising as finding sand in the desert, Sir Andrew admits that handling climate change at Shell is “quite a lot harder than I expected.” You see, at BHP, he could comfortably discuss all sorts of theoretical climate solutions without actually having to implement them. Now, faced with the greasy reality at Shell, things aren’t so easy. read more

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

Shell Buys Pavilion Energy: Because Who Needs Clean Energy Anyway?

by John Donovan.

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Posted by John Donovan: 20 June 2024

In a move that’s sure to make environmentalists everywhere throw up in their mouths a little, Shell, the world’s top LNG trader and our favourite oil-stained villain is beefing up its fossil fuel empire by buying Pavilion Energy. Yes, you heard that right. Shell is doubling down on liquefied natural gas because apparently, climate change isn’t happening fast enough.

Shell announced on Tuesday that its subsidiary, Shell Eastern Trading Pte. Ltd., has inked a deal with Carne Investments Pte. Ltd., an indirect subsidiary of Temasek, to snatch up 100% of Pavilion Energy. What better way to celebrate summer than by acquiring yet another company to exploit natural resources? read more

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

Shell to Save Asia with More Pollution and Broken Promises

by John Donovan.

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Posted by JOHN DONOVAN: 22 May 2024

In the latest episode of “How to Ruin the Planet While Making Billions,” Shell, the infamous oil behemoth, has announced that it will generously provide more liquefied natural gas (LNG) to emerging Asian markets. Because what could be better for countries like the Philippines, Thailand, Vietnam, and Bangladesh than a hefty dose of fossil fuels?

Asian spot LNG prices hit their highest levels since January last week, thanks to scorching weather that left everyone sweltering and clamoring for that sweet, sweet “super-chilled fuel.” Shell’s Country Chair in Australia, Cecile Wake, beamed with pride as she revealed this grand plan at the Australian Energy Producers Conference. According to her, “That combination of decarbonisation, and declining domestic production (will drive LNG demand growth).” Yes, nothing screams decarbonization like ramping up fossil fuel production. read more

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

Shell Down Under: Prelude of Profits or Prelude to Disaster?

by John Donovan.

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Posted by John Donovan: 19 April 2024

Well, folks, gather ’round for another riveting episode of “Shell’s Great Aussie Adventure,” where the profits are plummeting faster than a kangaroo on a trampoline! In the latest saga, our beloved oil behemoth, Shell, has taken yet another hefty blow on its floating Prelude LNG project in sunny north-west WA. But fear not, mates, because the real kicker? They still managed to ship a cool $4 billion back to their global parent! Talk about priorities, right? read more

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

Shell Unveils Eco-Friendly Fairy Tale: Bio-LNG Plant in Germany

by John Donovan.

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Posted by John Donovan: 19 April 2024

Well, well, well, folks, gather round for another installment of “Shell’s Magical Greenwashing Adventure!” In today’s episode, our favourite fossil fuel giant, Shell, is pulling a rabbit out of its hat and launching what it claims to be the largest bio-LNG production plant in Germany. Cue the applause, right?

Yes, you heard that correctly. Shell, the company known for its environmental cough consciousness, is now touting its shiny new bio-LNG plant as the solution to all our climate woes. Because nothing says “saving the planet” like pumping out more liquefied natural gas, right? read more

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

Shell Disappointed: Lower Q1 Earnings Expected from Natural Gas Trading

by John Donovan.

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Posted by John Donovan 7 April 2024

In a stunning twist of fate that surely shook the ivory towers of Shell, the UK-based oil giant confessed to expecting a downturn in its Integrated Gas division’s trading results for the first quarter of 2024. Brace yourselves, folks; it seems they won’t be swimming in gold coins this time around.

Shell, in its prophetic earnings preview released on Friday, forecasted a “significant” dip in trading and optimization results compared to the dazzling performance it put on in the fourth quarter of 2023. Oh, the agony of not being able to sustain such brilliance! read more

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

Russia’s Shell Game: Sakhalin LNG Stake Swapped Like Trading Cards, This Time Gazprom Wins

by John Donovan.

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Posted by John Donovan: 27 March 2024

Well, well, well, folks, gather ’round for another chapter in the thrilling saga of Shell’s misadventures in the land of oil and oligarchs. In this latest installment, the Russian government has decided to play a game of hot potato with Shell’s minority stake in the Sakhalin LNG project, ultimately passing it off to their favorite playmate, state-controlled behemoth Gazprom, for a cool $1 billion.

Now, let’s rewind a bit, shall we? Shell, ever the enterprising multinational, originally held the reins in this project until they found themselves caught up in a web of intrigue involving insider info, espionage, and more drama than a daytime soap opera. And who’s behind this plot twist, you ask? None other than yours truly, providing juicy tidbits to the Russian government back in the day, leading to Shell setting up their very own spy network. Ah, the things we do for love—err, I mean, gas. read more

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

Shell and Saudi Aramco in a Tug-of-War for Pavilion Energy

by John Donovan.

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Posted by John Donovan: 5 March 24

Oh, what do we have here? The corporate gladiators, Shell and Saudi Aramco are sharpening their swords, ready to dive into the lavish feast of Pavilion Energy’s assets, served by Singapore’s very own Temasek. It’s a spectacle worthy of the Colosseum, as these energy behemoths get shortlisted to gobble up most of what Pavilion Energy has on offer, minus the gas pipeline business because, let’s be real, that’s just the side dish no one’s really eyeing at this banquet. read more

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

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