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Shell invests $38 million in carbon credit projects in Brazil

REUTERS

Shell invests $38 million in carbon credit projects in Brazil

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By Rafaella Barros

SAO PAULO (Reuters) – Shell said on Monday it has invested 200 million reais ($38.07 million) into a Brazilian preservation-focused company.

Carbon credit developer Carbonext runs preservation projects across more than 2 million hectares (4.9 million acres) of the Amazon Forest that are owned by companies seeking to capitalize on the carbon market.

Carbonext then generates carbon credits that can be sold. Shell will now have preferential access to the company’s carbon market, although will not receive discounted prices.

“Associating our company with Carbonext is an important step towards our goal of offsetting 120 million tonnes of CO2 a year by 2030,” Andre Araujo, Shell Brasil’s president said in a note, with the company also backing a global initiative to hit net zero in emissions by 2050. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s Brazil Wells Come Up Dry

OILPRICE.COM

Shell’s Brazil Wells Come Up Dry

Three exploration wells that Shell has drilled in Brazil in hopes of making the next big discovery have come up dry, Bloomberg has reported, citing an analyst with Wood Mackenzie.

This latest turn of events adds to bad news for Brazil and supermajors’ plans to turn it into the next hot spot in oil.

Shell and several partners paid $1 billion for drilling rights for three offshore blocks in Brazil and spent three years drilling exploratory wells. None of them turned up commercially viable volumes of oil, Marcelo de Assis, chief of Latin America upstream research at Wood Mackenzie, told Bloomberg. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell seeks environmental license to generate offshore wind power in Brazil

Reuters

Shell seeks environmental license to generate offshore wind power in Brazil

: March 18, 2022: By Laís Morais

March 18 (Reuters) – SHELL announced on Friday it has applied for a license from Brazil’s environmental agency Ibama to generate offshore wind power in six areas in the country.

The six projects are located in the Brazilian states of Piaui, Ceara, Rio Grande do Norte, Espirito Santo, Rio de Janeiro and Rio Grande do Sul. The total installed capacity of the projects will be 17 gigawatts.

The studies on the areas are set to begin early this year. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

One of Shell’s Amazon carbon offsets projects raises serious human rights concerns

One of Shell’s Amazon carbon offsets projects raises serious human rights concerns

Indigenous peoples claim and reportedly live in different parts of the Cordillera Azul National Park

David Hill Dec 15

Indigenous Kichwa leader Nelsith Sangama, from Peru, in Glasgow recently where she spoke against carbon offsetting. Credit: Forest Peoples Programme

The last six months or so have been uncharacteristically bruising for oil and gas company Royal Dutch Shell, at least as far as its public profile is concerned. Not only did a court in The Netherlands rule in May that it must cut its global carbon emissions by 45% by the end of 2030 compared with 2019 levels, but then in August the Dutch advertising watchdog concluded that the company should abandon its campaign promoting “carbon neutral” driving. In late October the UK’s Channel 4 broadcast “Joe Lycett vs the Oil Giant”, which included the British comedian impersonating Shell’s CEO Ben van Beurden and defecating out of his mouth, and then the very next day journalists from SourceMaterialGreenpeace’s Unearthed team and Bloomberg published investigations into the “Drive Carbon Neutral” campaign. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Uncontacted tribe’s land invaded and destroyed for beef production

I have been asked by Survival to publish this news story. It has nothing to do with Shell but it is a subject of importance.

Hi John,

Have you heard the news about the uncontacted Piripkura tribe’s land being destroyed for beef production?

We’ve just released this press release about it, with new overflight images depicting the destruction: https://survivalinternational.org/news/12704

Without their lands, the Piripkura tribe will not survive, so it really is a matter of life and death.

Would you be able to cover this urgent story? read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Names Mackenzie as New Chairman, Proposes 50% Female Board

Shell Names Mackenzie as New Chairman, Proposes 50% Female Board

Bloomberg: Laura Hurst: Thu, March 11, 2021, 8:43 AM

(Bloomberg) — Royal Dutch Shell Plc appointed former BHP Group executive Andrew Mackenzie as chairman, and said its board would have as many women as men on it for the first time.

Mackenzie, who oversaw BHP’s retreat from shale, takes over from Chad Holliday, whose departure had been flagged since last year. It also appointed cyber expert Jane Lute, a move that will take its board to gender parity, the company said.

“Andrew brings to Shell his experience of leadership, his global outlook, and a deep understanding of the energy business and climate action,” the company said in the statement. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Brazilian residents sue Braskem in Dutch court over salt mines

The case is the latest attempt by local communities to seek compensation from large commodities companies in European courts after the UK Supreme Court on Friday allowed Nigerian residents to sue Royal Dutch Shell (RDS) in England over years of oil spills. “This is, sadly, yet another case of a giant corporation that is more than happy to exploit the natural riches of an area but has had little consideration for those who live in it…

Brazilian residents sue Braskem in Dutch court over salt mines read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BG Group sycophants and Shell’s Brazil Asset

“Bonus Group” posting on Shell Blog: 20 JAN 2020

The long overdue structural reorganisation at Shell is rapidly approaching. No better place to start than within the Brazil Asset which has been propped-up for over ten years now by the same BG Group sycophants who have a proven track record of overbooking reserves on the basis of flawed functionall approved technical workflows. These individuals are still clinging desperately to their positions five years after the takeover of BG Group by Shell. Can it be that Shell cannot afford to move them on lest their poor work and lies be revealed? Get rid of them, truth and transparency are now required if not demanded in the Brasil Asset! read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell outlines tighter upstream, refining footprint in post-COVID transition plans

Shell outlines tighter upstream, refining footprint in post-COVID transition plans

London — Shell plans to focus its future upstream operations on nine core areas and transform its refining portfolio into six integrated sites which are part of moves to grow its low-carbon businesses and support its cash flows, the major said Oct. 29.

Reporting stronger than expected third-quarter earnings, Shell said it wants to pursue more “value over volume” by simplifying its upstream assets to nine significant core positions; Brazil, Brunei, Gulf of Mexico, Kazakhstan, Malaysia, Nigeria, Oman, Permian and UK North Sea. It said combined the areas will generate more than 80% of its upstream cash flow from operations. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The Beginning Of The End Of Oil & Gas Exploration?

By Alex Kimani – Aug 17, 2020, 7:00 PM CDT

Booms and bust cycles are very much a part of investing in the fossil fuel sector. In previous energy downturns, prices frequently experienced serious slumps, but oil and gas companies mostly kept faith in their biggest asset: Oil and gas reserves buried deep in the groundBut things are markedly different this time around.

Faced with pandemic-driven demand destruction and a relentless call for climate-conscious and ethical investing, oil executives are resigning themselves to the uncomfortable fact that a significant amount of their vast oil and gas reserves will end up totally worthless. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Maybe the Shell job cuts should start at the top?

POSTING SAT 13 JUNE 2020 ON OUR SHELL BLOG

Money in the pockets?:

And 8% to 12% currently we don’t even make in our upstream businessBvB… That performance includes the huge over runs on Corrib, Penn Chem, Prelude, multiple other LNG projects, Alaska Fiasco, and many other (not to mention OPL 245).

It is such an embarrassing comparison to ExxonMobil in projects like Liza, which is highly likely to exceed returns Shell is chasing as a utility. Brasil (or Mexico) have the capacity to deliver similar returns to Liza, if there was leadership and strategy for a long term development. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Reuters: Brazil fuel distributors to cut ethanol buying amid lockdown

By Marcelo Teixeira and Roberto Samora: MARCH 30, 2020

NEW YORK/SAO PAULO, March 30 (Reuters) – Two of Brazil’s largest fuel distributors said on Monday they are cutting the amount of ethanol they will buy from local suppliers to adjust to a slump in demand amid the coronavirus lockdown in Latin America’s largest economy.

Brazil’s number 1 fuel distributor, BR Distribuidora , said it will reduce the amount of ethanol it buys from Brazilian mills to levels that are below the minimum defined in contracts, due to an “atypical situation” created by the COVID-19 pandemic. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

‘Shakespeare’s Monkeys’ previously employed by BG Group

WHISTLEBLOWER COMMENT POSTED ON OUR SHELL BLOG ON 4 MARCH 2020.  ABOUT A PRESS RELEASE ISSUED 21 OCTOBER 2019

Shell Brasil Announces Agreement with Ecopetrol
Source Press Release
Company Royal Dutch Shell, Ecopetrol
Tags Asset Deals, Deals, Upstream Activities
Story Focus Deals
Date October 21, 2019

Negotiation involves sale of 30% interest in the the Gato do Mato project

Shell Brasil Petroleo Ltda. (“Shell Brasil”) announces it has entered into an agreement with Ecopetrol for the sale of 30% interest in the the Gato do Mato project, a pre-salt gas-condensate discovery that covers two contiguous blocks: BM-S-54 and Sul de Gato do Mato. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell and partners add pre-salt production in Brazil

Nov 14, 2019

Consortium announces oil and gas production start at P-68 FPSO located at BM-S-11-A concession in Berbigão, Sururu, and West Atapu; unit can process up to 150,000 barrels per day.

New, deep-water production has come online from the Brazilian pre-salt Santos Basin. Shell Brasil Petróleo Ltda. (Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11-A Concession in Berbigão, Sururu and West Atapu. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell and partners add pre-salt production in Brazil

NEWS PROVIDED BY Shell: Nov 14, 2019, 16:11 ET

RIO DE JANEIRO, Nov. 14, 2019 /PRNewswire/ — New, deep-water production has come online from the Brazilian pre-salt Santos Basin.  Shell Brasil Petróleo Ltda. (Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in Berbigão, Sururu and West Atapu.

The FPSO can process up to 150,000 barrels of oil and 6 million cubic meters of natural gas daily. Operated by Petrobras, P-68 features ten producing wells and seven injection wells. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell News 17 Jan 2019: 4 articles

Angry Dutch citizens on Thursday will ask their country’s highest court to put an immediate end to gas production in the Groningen region due to the risk of life-endangering earthquakes. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.