News and information on Shell Plc
Shell Canada snapping up gas stations in preparation for energy transition
CALGARY — After announcing its purchase of 56 gas stations from the parent company of Sobeys Thursday, Shell Canada is on the lookout for other potential acquisitions as it seeks to grow its retail fuel footprint across the country.
The Guardian
Church of England pension boss’s shares in Shell ‘shocking’, say campaigners
Exclusive: Christian climate groups urge Clive Mather to resign and C of E to divest from fossil fuel
Damian Carrington Environment editor: Wed 17 Aug 2022 10.00 EDT
The chair of the Church of England Pensions Board, which has not divested its £3.5bn fund from fossil fuels, is a shareholder in Shell, the Guardian can reveal.
Clive Mather had a 38-year career at the oil company during which he oversaw a multibillion-dollar tar sands project in Canada.
Shell to install 79 EV charging points at Canadian retail stations by end of year
CALGARY — Shell Canada has announced plans to significantly expand its electric vehicle charging network across the country.
The energy company said Wednesday it will install 79 Shell Recharge fast charging points at 37 Shell retail stations across Canada, along major corridors from B.C. to Ontario, by the end of this year.
Currently, Shell Canada has just 25 charging locations in this country, but parent company Royal Dutch Shell plc is investing heavily in EV infrastructure around the globe as part of its goal to reach net-zero emissions status by 2050.
CNBC
Shell’s massive carbon capture facility in Canada emits far more than it captures, study says
Sam Meredith@SMEREDITH19One of the only facilities in the world that uses carbon capture and storage technology (CCS) to reduce the emissions of hydrogen production has been found to emit far more greenhouse gas emissions than it captures.
The Quest plant in Alberta, Canada, owned by oil giant Shell and designed to capture carbon emissions from oil sands operations and safely store them underground, has previously been touted as a “thriving example” of how CCS is working to significantly reduce carbon emissions.
Shell’s carbon capture project emits more GHG than it sequesters
NGO Global Witness reports that Shell’s Quest carbon capture project in Canada is pushing more greenhouse gases (GHG) into the atmosphere than it is capturing.
One of the few fossil hydrogen plants in the world to use a carbon capture system, Quest is a carbon capture and storage project at a hydrogen plant run by Shell on behalf of the Athabasca Oil Sands Project. It opened in 2015 and according to Shell’s website has captured and stored more than five million tonnes of CO2.
S&P Global Platts
Oil, gas, LNG to be Shell’s ‘cash engines’ for decades: CEO Van Beurden
Shell plans to keep investing in oil, gas and liquefied natural gas as the “cash engines” for the energy transition and expects its giant LNG Canada project, targeted at Asian markets, will operate well into the second half of the century, CEO Ben van Beurden said Oct. 6.
Speaking at the online Energy Intelligence Forum, Van Beurden dismissed notions of winding down the upstream oil and gas business as “silly” and said there was “nothing illegitimate” about producing oil and gas. In the global energy system, “to just believe that you can switch 100% from coal to 100% renewables…is a little bit of a silly notion,” he said.
Shell proposes large-scale CCS facility in Alberta
Tuesday, July 13, 2021, 12 AM MDT
CALGARY, AB, July 13, 2021 /CNW/ – Today, Shell announced a proposal to build a large-scale carbon capture and storage (CCS) project at its Scotford Complex near Edmonton. This would be a key step in transforming Scotford into one of five energy and chemicals parks for Shell around the world, providing customers with lower-carbon fuels and products into the future, such as hydrogen.
The proposed Polaris CCS project, the largest in a series of low-carbon opportunities Shell is exploring at Scotford, would capture carbon dioxide (CO2) from the Shell-owned Scotford refinery and chemicals plant. The initial phase is expected to start operations around the middle of the decade, subject to a final investment decision by Shell expected in 2023. Polaris would have storage capacity of about 300 million tonnes of CO2 over the life of the project.
THE NEW YORK TIMES
Two victories by environmental activists added to the uncertainty surrounding the industry and Canada’s oil sands.
: May 29, 2021
For environmentalists, it was a week of victories. For the oil and gas companies they vanquished, as well as Alberta and the other parts of Canada that rely on the energy industry, the week brought new uncertainties.
But environmentalists also dealt a blow to one of those European oil companies, Royal Dutch Shell, this week. A Dutch court ruled that Shell was “obliged” to reduce the carbon dioxide emissions of its activities by 45 percent by the end of 2030, compared with 2019 levels. Shell had already announced a 2050 target for reaching net zero emissions, but the decision, if upheld, will force it to speed up its efforts.
Shell Sells Non-Core Canadian Shale Assets to Crescent Point Energy
CALGARY, AB, Feb. 17, 2021 /CNW/ – Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”), has reached an agreement with publicly listed Canadian energy company Crescent Point Energy Corp. (“Crescent Point”) to sell its Duvernay shale light oil position in Alberta, Canada for a total consideration of US$707 million (C$900 million). The transaction has an effective date of January 1, 2021.
Big Oil’s future could be smaller than its past
Paul Takahashi, . 6, 2021
Oil companies have crisscrossed the world for more than a century, drilling on nearly every continent and in ever deeper oceans to prospect for fossil fuels that power the global economy.
While they did, the biggest six or seven companies collectively known as Big Oil reshaped international politics and economies, bending them to their will. Oil executives became statesmen in their own right, negotiating deals with foreign leaders to extract oil from the tar sands of Canada, the deserts of the Middle East, off the coasts of South America and Africa and in the shale formations of the U.S.
SHELL TAKES 40% STAKE IN MONTREAL WASTE-TO-CHEMICALS PLANT
By Mary Page Bailey |
The approximately C$875 million commercial-scale facility will be constructed in Varennes, Québec, and will produce low-carbon fuels and renewable chemicals products from non-recyclable waste using Enerkem’s proprietary technology. Commissioning of the first phase of the facility is scheduled for 2023. Critical investment in the plant comes from Shell, Enerkem, Suncor, Proman and Hydro-Québec, as well as from the Québec and Canadian governments.
Shell to close Singapore base oil unit in 2022
Published date: 23 December 2020
Shell plans to close the Group I base oil unit at its 500,000 b/d Pulau Bukom refinery in Singapore amid moves to scale back its fuel-based product slate at the plant.
The company said last month it planned to cut around 250,000 b/d of refining capacity in Singapore as part of its shift to lower-carbon alternatives.
It also plans to close the 380,000 t/yr base oil unit at the refinery from July 2022.
The shutdown would come just a year after the closure of Galp’s 110,000 b/d Porto refinery in Portugal next year. Galp announced that plan earlier this week. The refinery is home to a 185,000 t/yr Group I base oil unit.
Michael Crothers (CNW Group/Shell Canada Limited)
By John Donovan
Printed below is a press release announcing the retirement of Michael Crothers as Shell Canada Country Chair and the appointment of his successor, Susannah Pierce.
In August 2013, The Observer newspaper and Guardian Online published an article “Strange tale of Shell’s pipeline battle, the Gardaí and £30,000 of booze”
On the instructions of Shell E&P Ireland, an Irish Company called OSSL distributed bribes to the Irish Police and other parties in an attempt to smooth the path of the highly controversial Corrib Gas Project in Ireland.
New York Becomes The First State To Divest From Oil And Gas
The Empire State’s pension fund is the largest to dump fossil fuel investments ― ever, in the entire world.
New York state announced plans on Wednesday to eject oil and gas stocks from its $226 billion financial portfolio, becoming the first U.S. state and the biggest pension fund anywhere to divest from fossil fuels.
By 2025, the New York State Common Retirement Fund, which disburses some $1 billion in benefits to retirees each year, will sell off its “riskiest” oil and gas stocks, following a review. The state aims to completely eliminate carbon polluters from its portfolio by 2040.
Royal Dutch Shell: Energy Transition Woes
Michael Boyd: Energy Income Authority: Oct 8, 2020 High-quality income and growth plays in the energy space. SummaryI often get asked why I don’t cover the supermajors all that often on Seeking Alpha. The answer comes down to a rather simple reality: time invested versus potential gain. Anyone that has followed my long / short book knows that whatever I take a stake in, I know inside out. Quite frankly, the sprawling operations of most majors coupled with competing against institutionals that have enough research analysts on the payroll to pack a local gymnasium makes it a losing proposition – or at least in my view.
The international oil giant will cut about 40pc of overheads including staff…
Shell cuts back on fracking to fund renewable energy drive
The oil giant is seeking to free up investment for early-stage carbon capture and hydrogen projects
Falling oil and gas prices due to the pandemic have taken the shine off many assets and triggered heavy write-downs.
Shell is making deep cuts in its fracking business as it tries to free up cash to cope with the pandemic and invest in renewable energy.
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