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Posts Tagged ‘Shell’

THE SUNDAY TIMES: You can be sure of Shell, if you dare

Thanks to Greta Thunberg — who last week took her campaign to business leaders gathered in Davos for the annual World Economic Forum — the climate-change debate should have reached every boardroom.

The implications are greatest in the oil and gas sector, which is wrangling with the imminent shift to low-carbon businesses.

“There are some investors who would be concerned that the capital being deployed in low-carbon businesses will not earn returns that would be as good as in the base businesses of these companies,” says Jason Gammel at Jefferies. read more

royaldutchshellplc.com and its 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.

Reuters: ENI CEO says he may step down if found guilty in Nigeria case-WSJ

MILAN, Jan 25 (Reuters) – Italian oil group ENI’s Chief Executive Claudio Descalzi could step down if he is found guilty by an Italian court of corruption in Nigeria, he told the Wall Street Journal.

Descalzi is one of the defendants in a case over the alleged payment of bribes to facilitate a $1.3 billion oil deal for Nigeria’s OPL 245 offshore oilfield in 2011.

In a long interview published on the Wall Street Journal website on Saturday, Descalzi denied taking part in any illegal activity and said his work at ENI, where he rose through the ranks over the course of 39 years, was not done.

However, Descalzi told the WSJ that he would likely step down if found guilty in the Nigeria case rather than wait for the outcome of lengthy appeals. read more

royaldutchshellplc.com and its 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.

WSJ: Italy’s Oil King Fights to Preserve His Legacy

Chief of country’s second-largest company faces accusations that he approved bribery payments to Nigerian officials

By Sarah McFarlane and Eric Sylvers:

By some measures, Claudio Descalzi is one of the most influential chief executives to lead Italian oil giant Eni E -0.93% SpA. But after 39 years with the company—the last six as CEO—he is on trial, facing charges that he orchestrated the company’s payment of $1.3 billion for drilling rights in Nigeria with the understanding that most of the money would be paid out in bribes.

As Mr. Descalzi fights the charges in a Milan court, he is vying for a third three-year term as Eni’s CEO. He defends his tenure leading Italy’s second-largest company and denies taking part in any illegal activity. He wants another term, he said, to continue transforming Eni and grooming its future leadership. read more

royaldutchshellplc.com and its 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.

Forbes: Energy Stocks Are This Generation’s Big Tobacco, Says Economist Peter Sainsbury

Jan 24, 2020

The fossil fuel industry faces a dilemma similar to what confounded big tobacco a generation ago, according to economist and energy specialist Peter Sainsbury.

Speaking on the Contrarian Investor Podcast, Sainsbury says oil companies in particular are starting to be seen as “sin stocks,” with institutions divesting themselves on ethical grounds. But therein lies the opportunity. Much like tobacco companies reinvented themselves in the 1990s, energy companies can undergo a similar renaissance. Indeed the process of oil companies divesting harmful assets is already underway. This causes opportunities for investors. But first, headwinds can be expected. read more

royaldutchshellplc.com and its 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.

REUTERS:Nigeria charges ex-attorney general in court over $1.3 billion oil deal

JANUARY 23, 2020

ABUJA (Reuters) – Nigeria’s financial crime watchdog charged former attorney general Mohammed Adoke in court on Thursday for allegedly receiving bribes to facilitate a $1.3 billion oil deal, the agency said in a statement.

It is the latest development in one of the oil industry’s biggest corruption scandals, over the 2011 sale of the offshore oilfield known as OPL 245 by Malabu Oil and Gas.

A resulting investigation has entangled two of the sectors biggest players, Shell and Eni, as well as an array of powerful figures from the previous Nigerian government. read more

royaldutchshellplc.com and its 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.

OilPrice.com: Behind Closed Doors: Big Oil Talks Broader Emission Cuts

By Tsvetana Paraskova – Jan 22, 2020, 2:00 PM CST

Several of the world’s largest oil companies talked behind closed doors on Wednesday about the potential adoption of more stringent emission reduction targets that could include emissions from the products they sell to end consumers, sources with knowledge of the matter told Bloomberg.

At the World Economic Forum in Davos, where climate change and the urgency to act has taken center stage this year, the top executives of oil companies Chevron, BP, Shell, Total, and Saudi Aramco, among others,  met to discuss whether the industry should start accounting for and drafting emission reduction targets not only for their respective oil production, but also for emissions ‘at the pump’, or the emissions from the fuels they sell. read more

royaldutchshellplc.com and its 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.

The green revolution is inevitable

Nicholas Tucker, Columnist:

As the fight against climate change continues, it gets easy to view the issue as a direct two-sided conflict. It seems to be the idea of many that fossil fuel companies are trying to keep oil, coal and other nonrenewable resources, which have been the mainstay of the American power network, firmly in place at the top of energy production. However, this doesn’t seem to be the case. The real fight isn’t over whether or not the world goes green, it’s about when it does and who gets to hold or gain power in the revolutionized world that is fast-approaching. The green revolution is inevitable. read more

royaldutchshellplc.com and its 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.

Saving the world !!

1,500 private jets descend in Switzerland with guests attending the World Economic Forum discussing climate change and carbon emissions. Naturally, Shell has its own fleet of aircraft including four Dassault Falcon 7X i jets – a large-cabin, 5,950 nautical miles (11,020 km) range business jet manufactured by Dassault Aviation.

Dassault Falcon 7X i jet (Shell has FOUR of them)

SOURCE

royaldutchshellplc.com and its 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 Energy an absolute shambles says customer review on Trustpilot

The featured extracts are from customer reviews about Shell Energy posted on Trustpilot on 22 Jan 2020.  Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring theme in negative reviews; the difficulty in communicating with the company. Some typos and punctuation amended for ease of reading. 

Don’t make the same mistake I made and use Shell Energy

The customer service for this company is non-existent, been waiting for help on call for the past 45 minutes. Never ever have I experienced such awful customer service… Avoid this company at all costs.

This company is a joke I left a review…

This company is a joke I left a review on shell last week. Called them again at 10.15 am and waited 20 minutes then a recorded message said they can call you back. It’s now 15.15 and still no call back. Their billing system is a joke… They are a joke cowboys!!!!!!

Would never go back to them poor service

Poor customer service waiting on the phone for a long time I eventually hung up… read more

royaldutchshellplc.com and its 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.

The Motley Fool: Ethical investors can avoid energy stocks, but should they?

James J. McCombie | Wednesday, 22nd January, 2020

There is plenty of evidence that human activity is causing climate change and the Global Risks Report 2020 from the World Economic Forum has revealed that it is the number one long-term concern of the interviewed stakeholders.

Willingness to do more to safeguard the environment, particularly encouraging the slashing of emissions seems to be growing among the investment community.

BlackRock, a US-based global investment manager, will be offering more sustainable investment funds, and some individual investors globally are shunning the shares of polluters. Putting your capital in ‘green’ companies supports the efforts of those firms to make a difference and could mean that ‘dirty’ companies change their ways in response, or suffer if they do not change. read more

royaldutchshellplc.com and its 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.

Real reasons Trump left the Paris Climate Summit?

Letter to the editor published by the News Tribune

Jan 22, 2020

From Mike Barnhill

Ashland

Dear Editor:

Time Magazine’s recent article on “Can the oil-and-gas industry survive the climate-change fall-out?” may explain why President Trump left the Paris Climate Summit.

The Netherlands oil giant, Royal Dutch Shell, is the country’s biggest business. As oil flirts with the prospect of decline, Shell is diversifying by expanding its plastics business and diversifying into electrical power. Some firms such as America’s ExxonMobil, are positioning themselves to squeeze the last lucrative years from the oil economy while attempting to convince shareholders that they will be able to sell all their oil. read more

royaldutchshellplc.com and its 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.

Vanguard: FG files 42-count charge against Adoke, AGIP, Shell over Malabu oil scam


By Ikechukwu Nnochiri: JAN 21, 2020

The Federal Government, on Monday, slammed a fresh 42-count charge against the former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke, SAN, over alleged fraud in the $1.1billon Malabu oil deal.

Adoke, who served as AGF under the administration of former President Goodluck Jonathan, was arrested upon his return to the country from Dubai, United Arab Emirate, on December 19, 2019.

He went on self-exile shortly after ex-President Jonathan lost his re-election bid in 2015, but was arrested and detained in Dubai by the INTERPOL on November 11. read more

royaldutchshellplc.com and its 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.

Flood of Trustpilot damning customer reviews about Shell Energy continues

The featured extracts are from current customer reviews about Shell Energy posted on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring theme in negative reviews; the difficulty in communicating with the company. Some typos, punctuation and grammar corrected for ease of reading. 

Harassed to pay a bill 3 days earlier than it’s actually due

I have an energy bill that is due 24th of January, however today (21st of January) I’m getting an SMS from this hideous company telling me to pay my bill already. The message says that the bill payment is due. Seriously? I was getting this before, but this is a new “record”… 3 days before the bill is due … STOP HARASSING ME.

Terrible Customer Service

First utility was an excellent company. Since they went over to Shell the customer service has gone rapidly downhill.

They have their business model completely wrong. Isn’t it interesting how they have a member of staff responding to each of these reviews yet they have no staff available to actually deal with customer’s queries? Something very wrong there. read more

royaldutchshellplc.com and its 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.

E&E NEWS: Meet America’s new superpolluters: Plastic plants

Benjamin Storrow, E&E News reporter

A recent study identified 88 petrochemical projects along the Gulf Coast that are either in the planning stage or under construction. If all are completed, their combined emissions output could reach 150.8 million metric tons, the equivalent of 38 coal plants.

The same oil and gas boom that helped clean up the power sector has also made it cheaper to turn natural gas into plastics, fertilizer and other products. The process is emissions-intensive. Large quantities of natural gas liquids like ethane and propane are fed into enormous furnaces and heated to extremely high temperatures, creating smaller hydrocarbon molecules that can be separated and turned into different plastic products. read more

royaldutchshellplc.com and its 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.

Fool.co.uk: Could climate change cause the Shell share price plunge to 1,300p?

At first glance, the Royal Dutch Shell (LSE: RDSB) share price looks like a desirable investment. The stock is trading at a price-to-earnings (P/E) ratio of 13.3. It also offers a dividend yield of 6.3%.

However, the oil and gas major is facing one major challenge in the years ahead that could hurt its growth. It could also render billions of pounds of investment defunct. This is the threat of climate change.

Global warming

Investors all around the world are starting to wake up to the threat of climate change and the impact it could have on industries. For most companies, re-focusing their businesses to be more green is relatively easy. Unfortunately, for Shell, it isn’t. read more

royaldutchshellplc.com and its 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.

Daily Record: Trainspotting author Irvine Welsh told off by Shell Energy for swearing in ‘f****** joke’ Twitter row over fuel bill

The Scots writer was ordered to ‘refrain from swearing’ by Shell energy when he complained about their service as he struggled to settle an outstanding bill online.

By Stuart Macdonald: 09:47, 21 JAN 2020

Trainspotting author Irvine Welshhas blasted his energy company after they warned him about swearing onlinein a dispute over a bill.

The writer had complained on Twitterthat he was struggling to settle the debt because provider Shell Energy had not sent him the correct details.

He said he had been waiting five hours for the necessary information and described the situation as a “f***ing joke”.

A staff member from the firm then got in touch with him on the social media platform to try to resolve the matter and asked him to “refrain from swearing”. read more

royaldutchshellplc.com and its 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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