News and information on Shell Plc
Shell’s deepwater production in Brazil, Nigeria, the Gulf of Mexico is much bigger and more profitable, but the firm sees the nimble, fast-returns U.S. onshore shale as an engine for growth.
“We can see strong (shale) production growth, strong cash surpluses that gives us a balance in our portfolio where you can ramp investment up and down, you can moderate that, very unlike deepwater which is quite chunky,” Andy Brown told Reuters in an interview on the sidelines of the IP Week conference.
Reuters Staff: FEBRUARY 19, 2018
* Royal Dutch Shell has appointed Jacek Dziembaj as head of oil products trading and supply, according to an internal announcement seen by Reuters.
* Dziembaj will be based in London and assume his new role from April 9.
* Dziembaj’s appointment follows the naming in December of Mark Quartermain as head of crude oil trading at the Anglo-Dutch company.
* Dziembaj has 26 years of experience in Shell, including working in the retail and lubricants businesses and most recently as vice president retail Europe/South Africa.
Royal Dutch Shell kept its position as the world’s biggest dividend payerDanilo Mason: FEBRUARY 19, 2018
MILAN (Reuters) – Global dividends rose 7.7 percent to an all-time high of $1.25 trillion (1 trillion euros) last year boosted by a buoyant world economy and rising corporate confidence, Janus Henderson (JHG.N) said on Monday, predicting another record year ahead. Royal Dutch Shell (RDSa.L) kept its position as the world’s biggest dividend payer. China Mobile (0941.HK) rose to second from 19th last year and was followed by Exxon Mobil (XOM.N), Apple (AAPL.O) and Microsoft (MSFT.O), the report said.
Extracts from FT article by Andrew Ward, Energy Editor, published Sunday 18 February 2018:Maarten Wetselaar, head of Shell’s “new energy” strategy, predicts the proportion of worldwide energy consumption met by electricity would increase from less than 20 per cent today to about half in coming decades. Mr Wetselaar declines to comment on speculation that Shell’s next target could be the Dutch utility Eneco. But he says: “If we’re going to build a power business that is meaningful to Shell — a real fourth pillar alongside oil, gas and chemicals — we will need to do more of these deals.”
Extract taken from FT article relating to OPL 245 Shell/ENI/Malabu Oil Deal/Dan Etete/Malcolm Brinded billion dollar scandal:
Eni’s strong performance has been clouded by allegations of bribery related to a $1.3bn deal in 2011 to acquire one of Nigeria’s largest untapped oilfields. Mr Descalzi and several other current and former executives are due to stand trial for alleged corruption in Milan in March. Mr Descalzi has denied wrongdoing and Eni’s board has maintained its “full confidence” in him.
SAN FRANCISCO (CN) — The fate of five lawsuits seeking to hold the world’s biggest oil companies liable for global climate change hinges on a murky jurisdictional question that could get some cases booted out of federal court.
For the past eight days, attorneys for more than a dozen oil companies urged two federal judges not to send lawsuits against them back to state court, where five California cities and counties sued Big Oil last year.
“The extraordinary nature of these claims encompasses conduct across the globe,” the oil companies’ attorney Theodore Boutrous said in court Thursday. “We think the federal courts need to hear this, because it’s uniquely federal.”
Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.
Begins
From our editor • Fair
Oil prices were on the rise. A barrel of Brent oil, benchmark for the world oil markets, dipped on the $ 45 last year, then started a climb that ended two weeks ago at $ 70. Then the draft came in. Last week, the price of a barrel of Brent dropped by the $ 62. Is this the beginning of an oil price decline?
Hans van Cleef, energy economist at ABN Amro‘Oil may start to decline in the short term. The prices were very much gone. There has been some fear about the potential of American shale oil. That puts pressure on prices in a fairly speculative market.
It is relevant to point out that we were not the first critics of Shell to be the subjects of cloak and dagger activity. According to the same book in 1987, Shell Oil Co implemented a secret 265-page devious plan devised by a Washington-based firm, Pagan International called “The Neptune Strategy.”
It was designed to undermine support for critics of Shell’s policy of propping up the despised racist apartheid regime in South Africa. On page 67, Lubbers reveals that Shell had secret meetings with church delegates.
Norbert Barthle (Parliamentary State Secretary at the Federal Ministry of Transport), Thomas Bystry (Project Manager Shell), Michael Reinhardt (Project Manager Air Liquide) and Sybille Riepe (H2 Mobility) at the opening in Wendlingen
15 February 2018
H2 Mobility Deutschland, Shell and Air Liquide today jointly opened the first hydrogen (H2) station in the district of Esslingen – the twelfth in Baden-Württemberg, taking another step towards a nationwide H2supply network in Germany. Owned and operated by the joint venture H2 Mobility, which is building a H2 infrastructure in Germany, the location is at the Shell petrol station Heinrich-Otto-Straße. Air Liquide is supplying the H2. FULL ARTICLE
Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective. The chief executive officers of Royal Dutch Shell Plc, Total SA and Norway’s state-controlled Statoil ASA gathered on the sidelines of an energy conference in Oslo to make the case for a flagship Norwegian project, in which the companies plan to store CO2 emissions under the North Sea after they’ve been shipped and piped from onshore industrial plants. FULL ARTICLE
Source: Bureau of Safety and Environmental Enforcement
For nearly 40 years, a 350-foot-tall metal frame in the Gulf of Mexico supported a platform that pumped oil and gas from the seafloor. The 3,000-ton structure was recently converted into an artificial reef off the coast of Louisiana, where it will serve as habitat for fish and other marine life. Shell’s Cougar platform was installed in 1981 and produced about 31 million barrels of oil and gas over its lifetime, said Shell external relations advisor, Theodore Rolfvondenbaumen. The platform was recently decommissioned and the deck and topside were brought back to shore. The metal frame of the structure was donated to Louisiana’s Artificial Reef Program. FULL ARTICLE
ABUJA, Feb 15 (Reuters) – A Nigerian court has set a hearing over a disputed 2011 oilfield deal for June 18, the country’s financial crimes watchdog said on Thursday, part of a string of international corruption probes into the purchase.
The case relates to a purchase of the offshore OPL 245 oilfield in Nigeria by oil majors Royal Dutch Shell and Eni in 2011.
At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block from Malabu Oil and Gas, allegedly controlled by former Nigerian oil minister Dan Etete.
By Tsvetana Paraskova – Feb 14, 2018, 2:30 PM CST
The UK Court of Appeal ruled on Wednesday that Nigerian communities cannot pursue Royal Dutch Shell in UK courts over oil spills in the oil-rich Niger Delta, upholding a previous High Court ruling that UK-based multinational companies cannot be tried in England for the actions of their subsidiaries overseas.
In a 2-1 ruling today, the Court of Appeal dismissed the appeal filed by law firm Leigh Day on behalf of the Bille and Ogale communities in Nigeria, upholding a January 2017 High Court ruling that courts in England and Wales don’t have jurisdiction to hear lawsuits against Shell’s Nigerian unit, Shell Petroleum Development Company (SPDC).
Oil giant Shell has defeated the latest legal bid by thousands of Nigerians to have their damages claims over pollution dealt with by the English courts.
Last year, a judge in London made a ruling which meant that any compensation actions by two Nigerian communities affected by oil spills would have to be heard in Nigeria.
The communities later went to the Court of Appeal to challenge the decision of Mr Justice Fraser.
On Wednesday, judges in London dismissed their appeal by a majority of two to one.
Responding to a Court of Appeals judgement that two Niger Delta communities cannot have their case against oil giant Shell heard in the UK because the parent company cannot be held liable for the actions of its Nigerian subsidiary, Joe Westby, Amnesty International’s Campaigner on Business and Human Rights, said:
“With this ruling the court has struck a blow not only to the Ogale and Bille communities, who live everyday with the devastating consequences of Shell oil spills, but with victims of corporate human rights abuses all over the world. This ruling sets a dangerous precedent and will make it more difficult to hold UK companies to account.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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