Reuters

Ovo Energy plans takeover of Shell gas and electricity arm – Sky News

Mar 30th, 2023

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REUTERS

Ovo Energy plans takeover of Shell gas and electricity arm – Sky News

March 29 (Reuters) – Ovo Energy is planning a takeover of Shell Plc’s (SHEL.L) UK gas and electricity business, a move that would allow the British retail energy supplier to reclaim the No. 2 spot in the British supply market, Sky News reported on Wednesday.

Ovo is expected to propose an indicative offer for Shell Energy Retail Ltd’s (SERL) UK operation, the report added, citing sources. Shell Energy Retail has about 1.4 million customers. read more

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Shell names Tony Nunan as its first chief of staff

Mar 30th, 2023

by John Donovan.

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Shell names Tony Nunan as its first chief of staff

March 30 (Reuters) – Shell Plc (SHEL.L) said on Thursday Tony Nunan will undertake the newly created senior role of the chief of staff and corporate relations, while Cecile Wake would take over from Nunan as Chair of Shell Australia.

The chief of staff, the first in Shell’s 115-year-old history, is the biggest change made by Chief Executive Officer Wael Sawan to the top management since he took helm on Jan. 1, with a promise to boost the oil major’s performance.

Under the new role, Nunan will report to Sawan and be based in London, the company said, adding that Wake would replace Nunan, effective May 22. Reporting by Riya Sharma in Bengaluru; Editing by Sherry Jacob-Phillips

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UK pension funds threaten to vote against BP and Shell directors over climate targets – FT

Mar 12th, 2023

by John Donovan.

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UK pension funds threaten to vote against BP and Shell directors over climate targets – FT

Reuters: Sun, March 12, 2023

March 12 (Reuters) – Two of the UK’s largest pension schemes will vote against the election of top directors at BP Plc and Shell Plc at their annual meetings unless both companies improve their commitments to tackling carbon emissions, the Financial Times reported on Sunday.

The plan by the Britain’s Universities Superannuation Scheme (USS) and Borders to Coast, which together oversee 130 billion pounds ($156.36 billion) in assets, was part of efforts to push oil companies and banks to make faster progress on climate change pledges, the report added. read more

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Dutch gov’t, Shell and Exxon ignored Groningen risks for years, inquiry finds

Feb 25th, 2023

by John Donovan.

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“Gas extraction in Groningen was so successful and lucrative for the Dutch government, Shell and Exxon Mobil that they hardly took any notion of the long-term risks and the ever-clearer signs of the detrimental effects for the people in Groningen…”

REUTERS

Dutch gov’t, Shell and Exxon ignored Groningen risks for years, inquiry finds

AMSTERDAM, Feb 24 (Reuters) – The Dutch government and energy companies Shell (SHEL.L) and Exxon Mobil (XOM.N) ignored the risks of gas production in Groningen for years, to the detriment of people living in the province, a parliamentary inquiry concluded on Friday.

Prime Minister Mark Rutte and others involved “gravely underestimated” the urgency of the problems in Groningen, said the committee set up to investigate the decades of lucrative gas extraction that caused tremors damaging thousands of houses and buildings in the region.

The massive Groningen field is operated by Shell and Exxon joint venture NAM and was one of Europe’s major suppliers of natural gas for decades.

“These are hard and painful conclusions,” Rutte told a news conference. “They make clear there is a lot to do to help the region and to hopefully restore trust.”

The government will take time provide a full response to the report, he said without indicating how long that would take.

A statement from NAM director Johan Atema said: “It is clear that we need to have a better eye for the society in which we work. It is up to us to show that we as a company have learned from this.” read more

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Shell CEO creates chief of staff role in management overhaul

Feb 24th, 2023

by John Donovan.

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…problems included repeated outages at its Prelude liquefied natural gas (LNG) facility off the western coast of Australia…

REUTERS

Shell CEO creates chief of staff role in management overhaul

By Ron Bousso: February 23, 2023: 4:15 PM GMT

LONDON, Feb 23 (Reuters) – Shell (SHEL.L) Chief Executive Officer Wael Sawan has created a senior role of chief of staff as part of a management overhaul to improve performance after technical problems and other disruption, three company sources said. read more

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Institutional investors back Shell board lawsuit over climate risk

Feb 9th, 2023

by John Donovan.

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REUTERS

Institutional investors back Shell board lawsuit over climate risk

LONDON, Feb 9 (Reuters) – A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s (SHEL.L) board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions.

ClientEarth, an environmental law charity turned activist Shell investor, said it had filed a High Court claim on Wednesday, alleging Shell’s 11 directors have failed to manage the “material and foreseeable” risks posed to the company by climate change – and that they are breaking company law. read more

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Environmental groups to sue Shell

Feb 9th, 2023

by John Donovan.

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REUTERS

Environmental groups plan to sue Shell’s new Pennsylvania plant over emissions

8 Feb 2023

Two environmental groups announced on Feb. 2, 2023 that they plan to sue Shell Chemical Appalachia over air pollution, just about three months after the startup of operations of Shell’s 1.6-million tonnes per year facility with capacity of polyethylene production, and related ethane cracker in Pennsylvania.

The Environmental Integrity Project said in a press release that along with another environmental group named Clean Air Council it filed “a notice of intent to sue (…) for repeated violations of air pollution limits,” it said. read more

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Shell CEO in first changes combines LNG, upstream operations

Jan 30th, 2023

by John Donovan.

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REUTERS

Shell CEO in first changes combines LNG, upstream operations

Ron Bousso: Mon, 30 January 2023 at 7:11 am GMT

LONDON (Reuters) -Shell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of CEO Wael Sawan’s first changes since taking charge of the energy giant earlier this month.

The new division, which combines Shell’s most profitable operations, will be headed by current upstream director Zoe Yujnovich, Shell said in a statement on Monday.

Sawan took office on Jan. 1 after heading Shell’s integrated gas division, which included Shell’s LNG and renewables businesses, with a vow to simplify and improve the company’s operations.

Under the internal restructure, renewables operations will be combined with Shell’s oil refining and marketing operations led by current downstream director Huibert Vigeveno, the company said. read more

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Toxic Shell internal emails

Dec 24th, 2022

by John Donovan.

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“We have questions to answer” about single-use plastic waste, reveal internal emails from Shell

24 Dec 2022

Shell is under scrutiny as a result of internal emails put into the public domain relating to the controversial Shell Petrochemicals Complex situated along the Ohio River in Beaver County, Pennsylvania.

Extract from a related article

The multi-billion-dollar Shell facility was fully operational in November after years of construction and has already been charged by state environmental agencies for exceeding the annual limit for volatile organic compounds that create lung-damaging smog. Among the documents, released on December 9, was an email correspondence within Shell’s communications team. read more

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Shell to pay 15 mln euros in settlement over Nigerian oil spills

Dec 23rd, 2022

by John Donovan.

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REUTERS

Shell to pay 15 mln euros in settlement over Nigerian oil spills

December 23, 20229:31 AM GM

AMSTERDAM, Dec 23 (Reuters) – Shell (SHEL.L) will pay 15 million euros ($15.9 million) to communities in Nigeria that were affected by multiple oil pipeline leaks in the Niger Delta, the oil company on Friday said in a joint statement with the Dutch division of Friends of the Earth.

The compensation is the result of a Dutch court case brought by Friends of the Earth, in which Shell’s Nigerian subsidiary last year was found to be responsible for the oil spills and was ordered to pay for damages to farmers. read more

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Shell suspends production at Prelude FLNG after fire breaks out

Dec 22nd, 2022

by John Donovan.

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Report: Output from Shell’s Prelude FLNG Shut Again

BY Bartolomej Tomic, managing editor of Offshore Engineer.

December 22, 2022

Shell has stopped production at its Prelude floating LNG plant off Western Australia after a fire.

A Shell spokesperson told Reuters on Thursday that the fire at the giant FLNG unit “was rapidly extinguished.”

The 488-meter-long, Shell-operated, Prelude FLNG unit forms part of an offshore development that produces natural gas from the remote namesake field, located approximately 475 km north-northeast of Broome in Western Australia. The Prelude is the world’s largest FLNG unit. read more

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Shell and Eneco win right to build large Dutch offshore windfarm

Dec 16th, 2022

by John Donovan.

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REUTERS

Shell and Eneco win right to build large Dutch offshore windfarm

By Reuters • Updated: 16/12/2022 – 12:20

AMSTERDAM -A joint venture of Shell and Dutch energy company Eneco has won the right to build an offshore wind farm with a capacity of 756 megawatts (MW) in the North Sea, the Dutch government said on Thursday.

The wind farm, located around 50 kilometres (31 miles) west off the Dutch coast, is expected to be operational in 2026.

The 54 turbines in the offshore windfarm should supply around 3% of the total electricity demand of the Netherlands by 2026, the government said, enough to power around a million households. read more

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Shell injects $1.5 bln into UK retail power business to help it weather volatility

Dec 8th, 2022

by John Donovan.

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REUTERS

Shell injects $1.5 bln into UK retail power business to help it weather volatility

Reuters: Ron Bousso: Dec 08, 2022

LONDON — Shell has injected nearly $1.5 billion into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.

Britain’s power utilities have been rocked by huge fluctuations in energy prices since the end of 2021 due to a shortage in natural gas supplies, which was exacerbated after Russia sharply reduced supplies to Europe following its invasion of Ukraine in February.

Shell Energy’s operating loss rose to 102.4 million pounds in 2021 from 83.6 million pounds a year earlier, according to the company’s financial results, released on Thursday.

The loss was “principally driven by market conditions. In particular, the unprecedented rise in energy prices in the latter part of 2021 adversely impacted financial performance, including increased costs as a result of supplier failures in the market and the inability to pass on higher energy costs,” according to the results filing. read more

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Nigeria’s top court allows Shell to appeal order holding back assets sale

Dec 3rd, 2022

by John Donovan.

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REUTERS

Nigeria’s top court allows Shell to appeal order holding back assets sale

12/02/2022 | 12:35pm EST

LAGOS, Dec 2 (Reuters) – Nigeria’s Supreme Court on Friday allowed Shell Plc’s local unit to appeal a ruling that directed the company to pay $1.8 billion compensation over an alleged spill, in a dispute that has held back the company’s sale of its onshore assets.

Shell said in June it would pause the disposal of local assets until the court ruled on an appeal brought by its subsidiary Shell Petroleum Development Company of Nigeria Ltd (SPDC) and partner NNPC Ltd against a lower court judgment. read more

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Shell to ‘evaluate’ 25 bln pound British investments after windfall tax

Nov 22nd, 2022

by John Donovan.

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REUTERS

Shell to ‘evaluate’ 25 bln pound British investments after windfall tax

By Ron Bousso: November 21, 20228:07 PM GMT

LONDON, Nov 21 (Reuters) – Shell (SHEL.L) said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government’s decision to increase a windfall tax on oil and gas producers.

“We’re going to have to evaluate each project on a case by case basis,” said Shell’s UK country chair David Bunch told the Confederation of British Industry’s annual conference in Birmingham. “When you tax more you’re going to have less disposable income in your pocket, less to invest.” read more

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Court rejects Nigeria’s compensation request against Eni, Shell

Nov 12th, 2022

by John Donovan.

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REUTERS

Court rejects Nigeria’s compensation request against Eni, Shell

By Alfredo Faieta and Francesca Landini: November 11, 2022

MILAN, Nov 11 (Reuters) – An appeals court in Milan on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group Eni SpA (ENI.MI) and Shell Plc (SHEL.L) in civil proceedings relating to a $1.3 billion oilfield deal.

The decision was read out in court.

In July prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni Chief Executive Claudio Descalzi, in one of the oil industry’s biggest alleged corruption cases. read more

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30 November 2023: Posted by John Donovan

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more

Extremely Slow Shell Broadband

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Reuters: Sun, March 12, 2023

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“Gas extraction in Groningen was so successful and lucrative for the Dutch government, Shell and Exxon Mobil that they hardly took any notion of the long-term risks and the ever-clearer signs of the detrimental effects for the people in Groningen…”

AMSTERDAM, Feb 24 (Reuters) – The Dutch government and energy companies Shell (SHEL.L) and Exxon Mobil (XOM.N) ignored the risks of gas production in Groningen for years, to the detriment of people living in the province, a parliamentary inquiry concluded on Friday.

Prime Minister Mark Rutte and others involved “gravely underestimated” the urgency of the problems in Groningen, said the committee set up to investigate the decades of lucrative gas extraction that caused tremors damaging thousands of houses and buildings in the region.

The massive Groningen field is operated by Shell and Exxon joint venture NAM and was one of Europe’s major suppliers of natural gas for decades.

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By Kirstin Ridley: February 9, 20231:53 AM GMT

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Ron Bousso: Mon, 30 January 2023 at 7:11 am GMT

LONDON (Reuters) -Shell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of CEO Wael Sawan’s first changes since taking charge of the energy giant earlier this month.

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December 23, 20229:31 AM GM

AMSTERDAM, Dec 23 (Reuters) – Shell (SHEL.L) will pay 15 million euros ($15.9 million) to communities in Nigeria that were affected by multiple oil pipeline leaks in the Niger Delta, the oil company on Friday said in a joint statement with the Dutch division of Friends of the Earth.

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BY Bartolomej Tomic, managing editor of Offshore Engineer.

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Reuters: Ron Bousso: Dec 08, 2022

LONDON — Shell has injected nearly $1.5 billion into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.

Britain’s power utilities have been rocked by huge fluctuations in energy prices since the end of 2021 due to a shortage in natural gas supplies, which was exacerbated after Russia sharply reduced supplies to Europe following its invasion of Ukraine in February.

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REUTERS

Nigeria’s top court allows Shell to appeal order holding back assets sale

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By Alfredo Faieta and Francesca Landini: November 11, 2022

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