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Shell Job Cuts

Shell details its layoff of hundreds at Convent site in 2021; full shutdown set for August

Shell details its layoff of hundreds at Convent site in 2021; full shutdown set for August

Shell plans to begin layoffs for nearly 700 workers in March at its Convent oil refinery, which it expects to fully shut down in August.

The Louisiana subsidiary of Royal Dutch Shell, Equilon Enterprises LLC, previously had announced layoffs but has now filed an official notice with the Louisiana Workforce Commission outlining its plans. 

Shell looks to lay off all 698 workers at the refinery, 340 of whom are represented by a union, according to the letter. read more

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Shell to close Singapore base oil unit in 2022

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. read more

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Green transition friction prompts wave of resignations at Shell

Green transition friction prompts wave of resignations at Shell

Dec. 09, 2020 5:26 AM ETRoyal Dutch Shell plc (RDS.A)By: Yoel Minkoff, SA News Editor46 Comments

  • Royal Dutch Shell (RDS.A, RDS.B) has been hit by the departure of several clean energy executives amid a split over how aggressively the oil giant should shift towards greener fuels, FT reports.
  • Those include Marc van Gerven, who headed the solar, storage and onshore wind businesses, Eric Bradley, who worked in Shell’s distributed energy division, and Katherine Dixon, a leader in its energy transition strategy team. Other top executives are due to leave the company, though not every move is known to be linked to the pace of change.
  • The wave of resignations come shortly before Shell is set to announce a strategy update in February, spelling out how it plans to become a net zero emissions business.
  • In August, rival BP (NYSE:BP) said it would shrink oil and gas output by 40% over the next decade, a move analysts predict will force Shell down a similar path.
  • Premarket: RDS.A +3.1%; RDS.B +2.9%.
  • read more

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    Escaped from C16Atraz

    POSTING ON OUR SHELL BLOG: 2020/12/06 at 10:26 pm (UPDATED WITH RESPONSE FROM “LONDONLAD”)

    Escaped from C16Atraz

    There are many parallels to be drawn between Shell and the one unbeatable Manchester United. Both are now mid table. Weak manager, senior players who are arrogant and only play for money, and have got rid of their most hard working players. Shell better get used to mediocrity. It doesn’t care at all about climate change but Van Beurden will no doubt continue to sell more of the crown jewels to greenwash its reputation like the loony who heads BP. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell begins permanent shutdown of Convent, Louisiana, refinery

    Shell begins permanent shutdown of Convent, Louisiana, refinery

    By : DECEMBER 2, 2020

    HOUSTON (Reuters) – Royal Dutch Shell Plc began the permanent shutdown of its 211,146 barrel-per-day (bpd) Convent, Louisiana refinery, the company said on Tuesday.

    Sources familiar with plant operations told Reuters the permanent shutdown of the refinery, which Shell has been unable to sell as fuel demand has been hammered in the COVID-19 pandemic, began on Monday night.

    “We’re engaged in a phased shutdown of Convent and (will) take all of the time necessary to safely accomplish that,” said Shell spokesman Curtis Smith in an email on Tuesday. read more

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    Shell Wants Its Oil Refineries to Make Things You Don’t Burn

    Shell Wants Its Oil Refineries to Make Things You Don’t Burn

    Bloomberg News: 2 December 2020, 07:51 GMT

    • Energy giant to focus on chemicals, lubricants and bitumen
    • Producer to eventually lower number of refineries from 14 to 6

    Royal Dutch Shell Plc has a plan to reduce its carbon emissions — sell fewer products its customers can burn.

    The European energy giant is reconfiguring — and shrinking — its refining and petrochemicals business to focus less on fuel that is combusted and emits greenhouse gases, and more on the chemicals, lubricants and bitumen that keep carbon trapped inside them, Huibert Vigeveno, the company’s downstream director, said in an interview at the BloombergNEF summit in Shanghai. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell Convent, Louisiana, refinery workers get severance package details – sources

    Shell Convent, Louisiana, refinery workers get severance package details – sources

    By Erwin Seba:

    HOUSTON (Reuters) – Hourly employees at Royal Dutch Shell Plc’s Convent, Louisiana, refinery, scheduled for permanent closure as early as next week, received details this week of the severance package negotiated by their union and Shell, three people familiar with the agreement said on Friday.

    Shell said on Nov. 5 it was closing the refinery after failing to find a buyer for the plant, which has been hit hard by crushed demand in the COVID-19 pandemic. A spokesman did not immediately reply to a request for comment on the agreement. read more

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    Green Is Good

    Shell is undergoing a major restructuring which will also result in thousands of job losses.

    Green Is Good for Power Traders Chasing $430 Billion Market

    Lars Paulsson, Rachel Morison, and Jesper Starn: Published: Nov 22 2020, 10:30 AM: Last Updated:  Nov 22 2020, 1:53 PM

    Extracts

    Stricter climate targets are spurring investments in wind turbines, solar panels and battery systems, with Bloomberg Intelligence estimating the market may almost double in size in the next 10 years. With the European Union, U.K. and other governments increasingly turning their backs on fossil fuels, companies steeped in that business are looking over the horizon and seeing a new age of electricity. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell Singapore to cut 500 jobs over three years amid Pulau Bukom reorganisation

    Shell Singapore to cut 500 jobs over three years amid Pulau Bukom reorganisation

    UMA DEVI: umadevi@sph.com.sg: Twitter @UmaDeviBT: TUE, NOV 10, 2020 SHELL Companies, the local subsidiary of Royal Dutch Shell, is set to cut 500 jobs or about 38 per cent of its local workforce over the next three years as the group makes changes to its largest refinery, on Pulau Bukom.

    A Shell spokesperson told The Business Times that the company will go from 1,300 staff to approximately 1,100 by the end of 2021, and down further to some 800 employees by the end of 2023.

    The earliest staff movement related to the reorganisation will take place in the fourth quarter of 2021, added the spokesperson.

    In a statement on Tuesday, Shell said Pulau Bukom will pivot from a crude-oil, fuels-based product slate towards new, low-carbon value chains. This is the company’s latest step towards its overarching ambition to be a net-zero emissions energy business by 2050. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Will Shell’s share price ever recover?

    Will Shell’s share price ever recover?

    Edward Sheldon, CFA: ·

    It’s fair to say 2020 has been a challenging year for Royal Dutch Shell (LSE: RDSB) investors. As a result of Covid-19, and the subsequent drop in demand for oil, Shell’s share price has plummeted. Year to date, shares in the FTSE 100 oil major are down about 50%.

    Can Shell’s share price recover? I think it’s possible. That said, there are a few things that need to happen for the FTSE 100 oil stock to rebound. read more

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    Shell to cut jobs and capacity at major Singapore refinery

    Shell to cut jobs and capacity at major Singapore refinery

    SINGAPORE (Reuters) – Royal Dutch Shell RDSa.L will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce the company’s carbon dioxide (CO2)emissions to net zero by 2050, it said on Tuesday.

    The refinery on Pulau Bukom, a small island in the Southeast Asian city-state, can process 500,000 barrels per day (bpd) of oil and is Shell’s largest wholly-owned refinery worldwide.

    Shell has launched a broad review of its business aimed at cutting costs as it prepares to restructure its operations by reducing its oil and gas business and expanding its renewable energy and power division. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    About 1,100 workers at Convent oil refinery will be seeking new jobs 

    Shutdown of Shell refinery in Convent: Negotiations for job transfers and severance begin

    By the end of 2022, Shell told investors it wants to cut up to 9,000 jobs in a corporate restructuring to save roughly $2.5 billion. It had 83,000 employees worldwide as of December 2019. So far, only 1,500 workers agreed to voluntary buyouts…

    About 1,100 workers at the Convent oil refinery, a combination of company and contract workers ranging from plant operators to maintenance crews, will be looking for new jobs as rolling layoffs are expected in the coming months, but only about one-third of those workers are unionized. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell Convent, LA, refinery will close amid to pandemic

    Shell Convent, LA, refinery will close amid to pandemic

    by Laura Sanicola: NOVEMBER 5, 2020

    (Reuters) – Royal Dutch Shell RDSa.L said on Thursday it will shut down its refinery in Convent, Louisiana, the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide.

    The shutdown, to occur this month, comes after Shell failed to find a buyer.

    The refinery is the ninth in North America either to announce a shutdown or to be idled since the pandemic, which has delivered a heavy blow to fuel demand globally. The United States is the world’s largest fuel consumer. read more

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    Outlook darkens for North Sea oil and gas industry

    Outlook darkens for North Sea oil and gas industry

    TWO oil and gas majors provided votes of confidence in the North Sea last week but these may only provide cold comfort as the outlook for the sector gets ever bleaker.

    On Tuesday BP underlined its belief in the exploration potential of the North Sea as it announced that it had returned to profit in the third quarter.

    The giant included its successful bid for new North Sea exploration licences in a list of highlights for the three months to 30 September. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell raises dividend as retail boost drives confidence

    Shell raises dividend as retail boost drives confidence

    Shell also plans to shed up to 9,000 jobs, or more than 10% of its workforce.

    By : 29 October 2020

    LONDON (Reuters) – Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and outlined plans to shrink its oil and gas operations as it presses forward with a transition to low-carbon energy.

    The Anglo-Dutch company hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate “significant uncertainty”. read more

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    Shell says it plans to shrink its refining portfolio to six sites

    Shell says it plans to shrink its refining portfolio to six sites

    By Reuters Staff: OCTOBER 29, 2020

    LONDON (Reuters) – Royal Dutch Shell RDSa.L plans to shrink its refining and chemicals portfolio from 14 to six sites including its Deer Park, Norco, Pernis, Pulau Bukom, Rheinland and Scotford sites, it said on Thursday without giving a precise timeframe.

    “The refining portfolio is expected to be transformed during the energy transition … into six high-value energy and chemical parks integrated with Chemicals,” Shell said. read more

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