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

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, and shellnews.net, 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

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, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil Giants in Panic Mode: Payout Promises Up in Smoke as Prices Plummet

Posted by John Donovan: 24 March 2024

Well, well, well, it looks like the bigwigs in the oil industry are having a bit of a “Oh shit, what now?” moment as oil prices take a nosedive. In a shocking turn of events that absolutely no one could have predicted (except maybe every economist ever), Brent crude decided to plummet a whopping 24% in a single day, leaving oil executives scratching their heads and frantically revising their plans to return billions to investors.

It seems the recent oil price rollercoaster was triggered by Russia saying “nyet” to an OPEC agreement to cut output. And just like that, the oil market went from “steady sailing” to “full-blown panic mode” faster than you can say “fossil fuels are so last century.”

Now, in a desperate attempt to keep investors from jumping ship, oil companies are scrambling to reassess their spending plans. But let’s be real here, folks—when your primary source of income is as volatile as a teenager’s mood swings, you’re bound to hit a few bumps in the road. read more

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

Shell CEO Cries Over Biden’s LNG Timeout, Fears for Big Oil’s Fragile Confidence

Posted by John Donovan: 4 Feb 24

Oh, the horror, the absolute tragedy! Shell’s CEO, Wael Sawan, has sounded the alarm bells, folks. It seems that President Joe Biden’s audacious pause on approvals for new liquefied natural gas (LNG) export terminals is causing a bit of a kerfuffle among the oil elites. Sawan, leading the charge with a violin so small you’d need a microscope to see it, warns that this move will “erode confidence” in the sacred halls of the fossil fuel industry, that bastion of stability in our ever-changing world. read more

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

Shell Revels in Petro Profits as World Pleads for Climate Mercy

Posted by John Donovan: 2 November 2023

In a spectacle of corporate jubilation, Shell has flaunted a $6.2 billion profit bonanza, much to the horror of environmentalists and the delight of shareholders rubbing their hands in glee. As if mother nature hadn’t suffered enough, Shell has profited handsomely from the oil price bounce, a merry-go-round fueled by Opec+’s crafty production cuts and the sad ongoing soap opera of global conflicts.

This show of profits, a slight dip from last year’s staggering $9.4 billion—when oil prices soared amidst the heart-wrenching drama of Russia’s invasion of Ukraine—still paints a rosy picture for Shell’s ledger. It seems the oil barons have found their silver lining in the dark clouds of geopolitical turmoil, with the World Bank casting a doomsday prophecy of oil prices potentially skyrocketing to an eye-watering $150 a barrel. read more

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

Shell and Unilever: Partners in Profit, Supporters of Bloodshed

Posted by John Donovan July 5, 2023

In a stunning display of corporate callousness, Shell and Unilever have come under fire for their continued operations in Russia, even after the country’s invasion of Ukraine. These greedy giants seem to prioritize profits over principles, turning a blind eye to the blood money they accumulate.

Despite Shell’s pledge to withdraw from the Russian energy market, the company has shamelessly continued to trade Russian gas, making a mockery of its supposed commitment. Analysis from the campaign group Global Witness reveals that Shell was involved in nearly an eighth of Russia’s shipborne gas exports in 2022. Oleg Ustenko, an adviser to Ukrainian President Vladimir Zelensky, rightly accuses Shell of accepting “blood money” that directly supports Russia’s brutal aggression against Ukraine. read more

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

Shell’s Magnificent Display of Hypocrisy: Still Trading Russian Gas Despite Empty Promises

Posted by John Donovan 3 July 2023

In a remarkable exhibition of utter disregard for their own pledges, Shell, the greedy and ruthless polluting oil giant, continues to engage in the trading of Russian gas more than a year after promising to withdraw from the Russian energy market.

Despite their hollow claims, the despicable company was involved in nearly an eighth of Russia’s shipborne gas exports in 2022, making a tidy sum of hundreds of millions while conveniently ignoring the bloodshed and suffering caused by the Ukrainian invasion. read more

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

Shell’s Magnanimous CEO Embarks on Heroic Journey to Shower Oil Investors with Untold Riches

Posted 13 June 2023 by John Donovan

Prepare yourselves, mere mortals, for the grand spectacle that is about to unfold! Wael Sawan, the illustrious Chief Executive Officer of Shell Plc, has set his sights on the concrete jungle of New York City, where he will engage in a valiant effort to prove to the world that his precious oil empire is shamelessly undervalued compared to its feeble American counterparts. How noble of him!

In a highly anticipated presentation scheduled for Wednesday, 13 June, Sawan will dazzle investors with a glimpse into his master plan for the company. Brace yourselves, for his vision is nothing short of awe-inspiring: to shower shareholders with bountiful returns and close the gap in valuation with the mighty giants of the industry, such as Exxon Mobil Corp. and Chevron Corp. Surely, this Herculean task will require nothing less than unwavering devotion and a complete disregard for the planet’s well-being. read more

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

Shell’s Troubling Links with Iran Exposed

Posted by John Donovan on 16 May 2023, authored partly in collaboration with a whistleblower source. 

Shell’s Troubling Links with Iran Exposed

Explosive leaked documents uncover Shell’s alarming collaboration with an Iranian regime-connected company through its Iraq joint venture, casting a shadow on the oil giant’s ethical standing.

The damning evidence reveals that Shell’s joint venture in Iraq inked a deal that directly benefits a company closely tied to the Iranian regime, according to documents obtained by Unearthed. read more

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

Shell’s Shameless Greed: £8 Billion Profit Shows Disregard for Climate Crisis and People’s Well-Being

By John Donovan

Shell, the oil giant partly responsible for environmental destruction and climate change, has shamelessly announced a profit of nearly £8 billion for the first quarter of the year, revealing its insatiable greed for profits. This further highlights the company’s utter disregard for the cost-of-living crisis that their exorbitant fuel prices have caused. Even with oil prices down from their peaks touched after Russia’s invasion of Ukraine, Shell still made money at an obscene rate, almost £1,000 a second or £58,000 per minute. read more

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

Breaking up with Russia is hard for many Western firms, despite war

The Washington Post

Breaking up with Russia is hard for many Western firms, despite war

By : April 15, 2023 at 7:21 a.m. EDT RIGA, Latvia — Only a small percentage of the hundreds of companies that promised to leave Russia after its invasion of Ukraine have exited, according to several groups keeping a scorecard — and for those that dawdled, departing has only become more expensive and complicated.

But leaving can be complex. Four days after the invasion, Shell announced it was leaving Russia and later wrote off its nearly 27.5 percent stake in the Sakhalin-2 LNG facility in the Far East at $1.6 billion. This month, an unconfirmed Russian newspaper report suddenly surfaced that Putin had given permission for the company to repatriate $1.2 billion from the sale of its stake in Russia’s Novatek. Shell had no comment. read more

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

Russia’s Novatek to acquire Shell’s stake in Sakhalin-2 for $1.16 bln

REUTERS

Russia’s Novatek to acquire Shell’s stake in Sakhalin-2 for $1.16 bln

MOSCOW, April 12 (Reuters) – Russia’s government has approved the sale of Shell’s (SHEL.L) former 27.5% stake in the Sakhalin-2 energy project to Russian energy firm Novatek (NVTK.MM) for 94.8 billion roubles ($1.16 billion), a government order showed on Wednesday.

Russian President Vladimir Putin gave his consent for the transfer of the required funds to Shell, Russian daily Kommersant reported last week. read more

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

Putin Approves $1.2 Billion Payment To Shell For Sakhalin-2 Exit

OILPRICE.COM

Putin Approves $1.2 Billion Payment To Shell For Sakhalin-2 Exit

Vladimir Putin has approved a request by Novatek to allow Shell to receive $1.2 billion (94.8 billion rubles) from the Russian gas producer for its 27.5% stake in the Sakhalin-2 LNG project, Russian daily Kommersant reported on Tuesday, quoting sources with knowledge of the matter.

Last year, a decree from Putin stipulated that a newly set up state Russian company would take over the rights and obligations of Sakhalin Energy Investment Co., the joint venture running the Sakhalin-2 oil and gas project. read more

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

Shell: Gas field in Groningen must be completely closed this year, in light of earthquakes

NL TIMES

Shell: Gas field in Groningen must be completely closed this year, in light of earthquakes

SUNDAY, 26 MARCH 2023 

The gas field in Groningen must be completely closed this year, said the CEO of Shell Netherlands, Marjan van Loon. Currently, the gas field is still supplying minimal amounts of gas to keep the wells usable, but she doesn’t think that’s necessary. “It can and must be done, so the field has to be closed,” Van Loon said on the TV program WNL Op Zondag. read more

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

Europe faces long-term pain from energy crisis: Shell CEO

AFP

Europe faces long-term pain from energy crisis: Shell CEO

23 Oct 2022

Doha (AFP) – Europe faces painful “industrial rationalisation” due to its energy crisis that risks political trouble, the head of Shell warned Sunday, as the oil giant joined a natural gas project in Qatar.

Shell chief executive Ben van Beurden agreed a deal for a 9.3 percent stake in Qatar Energy’s North Field South project, that will play a major role in the Gulf state’s effort to increase liquefied natural gas (LNG) production by 50 percent in the next five years.

At the signing ceremony in Doha, van Beurden said European industry face taking a major hit from the energy crisis, worsened by the Russian invasion of Ukraine.

Europe has reduced consumption “quite effectively, quite significantly” following the loss of 120 million tonnes of Russian gas a year, van Beurden said, but “a lot of this reduction is achieved by switching off industry”.

Europe has desperately searched for quick alternatives to Russian gas, but van Beurden said Europe would need large amounts of LNG for decades. read more

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

Shell’s £80m boss Ben van Beurden preparing to join stream of FTSE100 bosses heading for the door

This is MONEY

Shell’s £80m boss Ben van Beurden preparing to join stream of FTSE100 bosses heading for the door

The £80million boss of Shell is preparing to join the stream of FTSE100 bosses heading for the door. 

Ben van Beurden – who, it emerged in March, bagged £4.6million in bonuses on top of his £1.4million salary last year, taking his total pay and bonuses to almost £80million during his nine years at the helm – could step down as soon as 2023 as the oil giant begins its search for a replacement. 

His departure will mark the end of an era for Shell, as it tries to toe the tricky line of boosting Britain’s energy security with embracing sustainable technologies. While Van Beurden’s legacy includes a commitment to reduce oil production, he has been criticised for failing to take more drastic action. read more

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