Shell to cut up to 9,000 jobs in low-carbon transition

By Ron Bousso. 30 Sept 2020

LONDON (Reuters) – Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.

Shell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to additional annual savings of around $2 billion to $2.5 billion by 2022, going partly beyond cuts of $3 to $4 billion announced earlier this year. read more

Shell plans up to 9,000 job cuts worldwide

By Allister Thomas

Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.

The energy giant, which has been grappling with the effects of the oil price downturn and Covid-19, follows rival BP who earlier this year announced plans for 10,000 job cuts.

Shell, which employs 6,000 people in the UK, including 1,000 directly in its Upstream oil and gas business in the country, said the “reduced organisational complexity” will save between $2billion – $2.5billion by 2022 on an annual basis. read more

Shell to cut up to 9,000 jobs as oil demand slumps

30 Sept 2020

Royal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic.

The oil giant said the cuts would be implemented by 2022 and included 1,500 people who were taking voluntary redundancy.

It gave no indication of where the job losses would happen.

The move comes five months after it cut its dividend for the first time since World War Two.

Shell chief executive Ben van Beurden said the job cuts were “the right thing to do for the future of the company” as it strives to become a net-zero emissions energy business. read more

Thousands of jobs face axe as Shell goes green

The scale of the job losses at Shell may become clear tomorrow…

Royal Dutch Shell is preparing to cut thousands of jobs as it nears the conclusion of a global restructuring review designed to position it for the green energy transition.

The Anglo-Dutch oil group could set out the scale of the job losses as soon as tomorrow, when it is expected to issue a trading update ahead of third-quarter results next month.

The update is likely to drive fears that hundreds of roles will be cut in the UK, where about 6,500 of Shell’s 83,000 global staff are based. read more

Climate Suit Against Shell Oil Can Proceed in R.I., Judge Rules

• Suit against Shell alleged it ignored climate change
• Company had defended operations and infrastructure

An environmental group’s lawsuit can go forward alleging that a Shell Oil Products U.S. oil terminal is vulnerable to climate change’s effects, a federal judge in Rhode Island ruled Monday.

The parties will now pursue the discovery process, marking the first time a private fossil fuel entity will need to fully answer for its knowledge of climate change and the risks it presents in a case involving climate adaptation, according to the Conservation Law Foundation, which filed the lawsuit. read more

Revealed: BP And Shell Back Anti-Climate Lobby Groups Despite Pledges

An Unearthed and HuffPost investigation identified at least eight trade associations the companies failed to disclose in transparency reports.

By Zach Boren: Alexander C. Kaufman: Lawrence Carter, HuffPost US: 28/09/2020 10:45 BST

Earlier this year, oil giants BP and Royal Dutch Shell assessed the climate lobbying done by trade associations they have been involved with, and publicly quit a handful of high-profile industry groups campaigning to undermine regulations to reduce greenhouse gases. read more

Featured below are extracts from negative customer reviews about Shell Energy posted over the past 5 days 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 themes in the negative reviews, including difficulty in communicating with the company. This article posted on 27 Sept 2020.

Trustpilot Review: Shell Energy has no customer service – avoid read more

Shell seeks Alaska lease extension, but no plans to return

Extension seen as way to make the leases more attractive to a potential buyer

Oil company Shell is seeking an extension of leases it holds in Alaska as a way to make the leases more attractive to a potential buyer and does not itself plan a return to operations in the state, spokesperson Curtis Smith said Friday.

Smith said the leases for which the company is seeking an extension represent the bulk of leases Shell still holds in Alaska. read more

Should you ditch energy giants as the age of oil ends? Or try to clean up as they go green?

By RACHEL RICKARD STRAUS, FINANCIAL MAIL ON SUNDAY

PUBLISHED: 21:50, 26 September 2020 | UPDATED: 12:30, 27 September 2020

There has been talk of the demise of oil and gas for decades. But you know that things are getting serious when even the boss of oil giant BP, Bernard Looney, warns that demand for oil may peak in the next few years and then decline.

The so-called energy transition from fossil fuels to renewables is gaining momentum. read more

Nigeria Eni/Shell corruption case: Future of Eni’s CEO at stake

By Christophe Le Bec
Posted on Thursday, 24 September 2020 18:22

The highly publicised corruption trial which alleges that oil majors Eni and Shell took part in an unlawful acquisition – that of the OPL 245 oil licence in Nigeria – entered its final phase on Monday, 21 September in Milan, with the defence presenting its case.

Key business and political figures were set to go before the Italian court in relation to a Nigerian business deal dating back to the early 2000s. The corruption case is one of the largest in the oil industry’s history. read more

Kiobel vs Shell: 4 Nigerian women take on the corporate machine

Wednesday, July 5th, 2017

TOMORROW, a Dutch court will hear witnesses and examine the merits of a landmark case brought by Esther Kiobel and three other women with regard to what they claim was Shell’s involvement in the unlawful arrest, torture and execution of their husbands by the Nigerian military.

This follows a hearing in October 2019, where four people have accused Shell of bribing witnesses to testify against the men during their trial in the 1990s. read more

Shell looking to sell stake in Philippines’ Malampaya gas project

By Reuters Staff: SEPTEMBER 24, 2020/ 11.02 AM

MANILA (Reuters) – Royal Dutch Shell PLC RDSa.L is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country’s main island of Luzon, its local unit said on Thursday.

“As part of an ongoing portfolio rationalisation to simplify and increase the resilience of its business, Shell is exploring its options with a view to divest its interest” in Malampaya, a spokeswoman told Reuters. read more

Shell and Microsoft form alliance to help address carbon emissions

“Microsoft and Shell both have rich histories of innovation and bold ambitions to decarbonise,” said Huibert Vigeveno, Downstream Director of Shell. “We are proud of the work we have already done together. Our strategic alliance will enable us to push the boundaries of what can be achieved. We believe we can unlock tremendous progress for Shell, Microsoft, our customers and beyond.”

“We are building on our work with Shell by establishing a deeper alliance to further accelerate innovation in support of decarbonization and energy industry transition,” said Judson Althoff, executive vice president of Microsoft’s Worldwide Commercial Business. “Cross-industry collaborations like this are fundamental to help society reach net-zero emissions by 2050, and digital transformation is key to tackling this important issue, within the energy sector and beyond.” read more

Featured below are extracts from negative customer reviews about Shell Energy posted over the past 4 days 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 themes in the negative reviews, including difficulty in communicating with the company. This article posted on 22 Sept 2020.

Awful awful awful

Awful service. Can’t get hold of anyone. Have referred us to debt collectors twice for a bill that was from the previous tenants of the property, and have even contacted my parents who live elsewhere and have nothing to do with this? read more

Allseas Litigation: Top lawyer Mike Stubbs accused of relaying offer of £1m ‘bribe’ to police, say court transcripts

By John Donovan

Shell contractor, Allseas, is a key player in a continuing story of mystery and intrigue surrounding criminal court proceedings.

Top lawyer Mike Stubbs acted for Allseas at the time when, according to court transcripts, he allegedly relayed a £1m bribe offer to UK police detectives.

Victims of £73 m fraud

In 2011, Allseas invested £73 million with investors led by a conman claiming to have links to the Vatican and Spanish nobility. More information can be found in articles such as the June 2018 FT story: “The ship tycoon, the con men and a €100m scam”. read more

Shell prepares for major production cuts to refocus on green strategy

Royal Dutch Shell (RDSB.L) is looking to cut up to 40% off its costs related to producing oil and gas as it focuses on the renewable energy and power markets.

That’s according to a source who spoke exclusively to Reuters.

The project is known internally as Project Reshape and is expected to be completed by the end of this year, said Monday’s report. There will be three main divisions of the business that are impacted by the cuts and they will reportedly be in addition to a $4bn (£3.1bn) target set in the wake of the COVID-19 crisis. read more