Shell plc announces Executive Committee and Directorate changes

Shell plc: Mon, January 30, 2023 at 7:00 AM GMT·

London, 30 January 2023 – Shell plc is to reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify the organisation further and improve performance as we deliver our Powering Progress strategy.

Under the changes, which are expected to take effect on 1 July 2023, Shell’s Integrated Gas and Upstream businesses will be combined to form a new Integrated Gas and Upstream Directorate led by current Upstream Director, Zoe Yujnovich. The Downstream business will be combined with Renewables & Energy Solutions to form a new Downstream and Renewables Directorate led by current Downstream Director, Huibert Vigeveno.

Separately, the Strategy, Sustainability and Corporate Relations (SSCR) Directorate will be discontinued and its Director, Ed Daniels, will step down from the EC effective 1 July 2023, and leave Group service thereafter. Strategy will be brought together with New Business Development and, alongside Sustainability, will report direct to Sinead Gorman, Chief Financial Officer, enabling more streamlined planning and better capital allocation decisions. Corporate Relations will report direct to Wael Sawan, Chief Executive Officer. We thank Ed for his distinguished service over more than 34 years and wish him well for the future. read more

NETHERLAND NEWS LIVE

Shell wants to buy off liability from NAM in Groningen

jenniferruffalo

Shell wants to buy off liability for the earthquakes in Groningen in one go. That is what president-director Marjan van Loon of Shell Netherlands says in an interview with the Financieele Dagblad (FD). Shell is a half shareholder of the Nederlandse Aardolie Maatschappij (NAM), the company that carries out the drilling in Groningen. The other half is owned by ExxonMobil.

By buying off the liability, the settlement of damage caused by the earthquakes can be accelerated, according to Van Loon. The parties have been disagreeing for years about who will pay for the damage, which means that the settlement process is slow. read more

REUTERS

Shell opens 10 MW hydrogen electrolyser at Wesseling site of German refinery

FRANKFURT, July 2 (Reuters) – Royal Dutch Shell (RDSa.L) on Friday launched Europe’s biggest hydrogen electrolysis plant of 10 megawatts (MW) called Refhyne at the Wesseling site of its Rheinland refinery after two years of construction, expanding further into alternative energies.

The plant will produce green fuels within a European Union-funded consortium which is already setting sights on a facility of 100 MW at the site near Cologne to scale up its commercial operations. read more

Shell says electric vehicles will be crucial in its efforts to lower carbon emissions

• Electric vehicles will play a critical role in Royal Dutch Shell’s decarbonizing efforts – opening up opportunities in this mobility sector, according to a senior executive at the oil giant.
• Huibert Vigeveno, downstream director at Shell, says the company intends to expand its global EV charging stations network worldwide, pledging to have 2.5 million charging points by 2030.

Electric vehicles will play a critical role in Royal Dutch Shell’s efforts to cut emissions, according to a senior executive at the oil giant.

“If you look at the decarbonization opportunities of this mobility sector, EV plays a crucial role,” said Huibert Vigeveno, downstream director at Shell, adding that the company intends to expand its global electric vehicle charging stations network worldwide. read more

Hydrogen seen as green way forward

By ZHENG XIN | China Daily Global | Updated: 2021-01-06 00:00

Global energy giant Royal Dutch Shell is also betting big on China’s hydrogen development while further involving itself in the country’s hydrogen projects after it unveiled its first commercial hydrogen project in China in November, which includes a 20-megawatt electrolyzer that will produce hydrogen and supply refueling stations in Zhangjiakou, one of the co-hosts of the Beijing 2022 Winter Olympics. read more

Translation of an article published by the Dutch financial newspaper, the FD. 

Shell Crown Prince: ‘We must show more predictable financial results’

Shell has had a bad year. The global corona pandemic left a huge hole in the financial results. The oil and gas multinational had to write off more than $20 billion on oil and gas fields and announced it would cut thousands of jobs.

Bert van Dijk 31 Dec ’20

Huibert Vigeveno is in charge of all Shell refineries and petrol stations. These will play a key role in the coming years, expects the 51-year-old Dutchman, tipped as a successor to Shell CEO Ben van Beurden. About CO₂ emissions: ‘There is often a gap between what a company promises and what it actually does. With us it is the other way around. ‘ read more