Sunday, May 20, 2018

Royal Dutch Shell News

Gorgon LNG Faces Scrutiny on Delayed Carbon Capture Project

(File photo: Chevron)

The state of Western Australia has ordered an inquiry into a delay in burying carbon dioxide emissions at Chevron Corp's Gorgon liquefied natural gas (LNG) project, which could lead to a change in conditions on the project.The state approved the $54-billion Gorgon…

Shell Offloads Stake in Amberjack Pipeline

Photo: Shell

Royal Dutch Shell will sell its stake in Amberjack Pipeline Co to its master limited partnership Shell Midstream Partners LP for $1.22 billion, the U.S. pipeline operator said on Thursday.Drop down deals - where a parent transfers assets to its master limited partnership…

Record 16 Companies Register for Brazil Pre-salt Auction

File photo: Øyvind Hagen / Statoil

Shell Gets Mexico LNG Supply Tender

Photo: Royal Dutch Shell

Royal Dutch Shell will supply Mexico with six LNG cargoes to be delivered in May and June, Reuters has reported, citing trade sources. State-run utility CFE held a tender on 2 May for deliveries to Mexico’s Altamira terminal in the Gulf of Mexico. According to the tender…

Norway's Wealth Fund to Okay BG-Shell Merger

Norway's $790 billion sovereign wealth fund, the world's largest, will vote in favour of the merger of energy companies Royal Dutch Shell and BG , it said on Wednesday. "Norges Bank Investment Management considers that the transaction accelerates value for BG Group…

Investors Want Oil & Gas Industry to Do More on Climate Change

(File photo courtesy of BP)

Sixty global investors on Friday called on the oil and gas industry to do more to tackle climate change, ratcheting up pressure on company boards ahead of several high profile annual shareholder meetings.Companies needed to be more transparent about how they plan…

Oil Drops as Demand Shows Signs of Slowing

File Image (CREDIT: AdobeStock / © Leeylutung)

U.S. crude stocks rise by 4.9 mln bbl to 435.6 mln bbl even as production by oil majors is rising. Oil eased on Wednesday after a rise in U.S. crude inventory added to signs demand may be slowing in spite of ongoing output cuts by producer group OPEC and imminent U.S. sanctions against Iran.

Oil Gains After Larger than Expected U.S. Stock Draws

File Image (CREDIT: AdobeStock / © Redindie)

U.S. crude stocks fall by 1.4 million barrels. Global oil demand likely to moderate this year. Oil prices gained on Wednesday, shaking off the effects of a strengthening dollar, after an inventory report showed U.S. crude and gasoline stocks fell more than expected.

Shell Gabon Ops Normal after Labor Pact

Royal Dutch Shell said its operations in Gabon were running as normal after it struck an agreement with staff, their labour union and the government to end strike action which started on Jan. 12. "The agreement has immediate effect and operations are running as normal," a Shell spokeswoman said.

Shell CFO Heads to Rio Tinto

Simon Henry (Photo: Shell)

Royal Dutch Shell's chief financial officer, Simon Henry, will join miner Rio Tinto as non-executive director from July 1 after he leaves the oil major. Henry, who has served as CFO for seven years of his 34 years at Shell, will hand over to Jessica Uhl on March 9 and leave the company on June 30.

Ex-Shell CEO Voser Joining Temasek Board

Singapore state investor Temasek Holdings said on Monday that Peter Robert Voser, former chief executive of Royal Dutch Shell, will join its board in January 2015. Voser stepped down as Royal Dutch Shell CEO in December. He is the second high-profile executive…

Royal Dutch Shell Q2 2014 Results 'More Robust' Says CEO

CEO Ben van Beurden: Photo Shell

Royal Dutch Shell informs that its second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly…

Shell Says Not Experiencing Operational Disruptions in Qatar

Royal Dutch Shell said on Wednesday its business is not experiencing any operational disruptions in Qatar in the wake of a decision by several Gulf countries to sever ties. "Currently we are focused on running our Qatar business as usual and are not experiencing…

Shell Bids for Dutch Offshore Wind Farm

Royal Dutch Shell is participating in a consortium bidding in a Dutch government tender to build two 350 megawatt wind farms off the Netherlands' southern coast. Shell, bidding together with energy company Eneco and contractor Van Oord NV, will use turbines built by Vestas if its bid is successful…

Shell Buys UK Energy Provider First Utility

Royal Dutch Shell will buy British household energy and broadband provider First Utility, seeking to expand its energy supply business in the residential market, the Anglo-Dutch company said on Thursday. Shell did not disclose any financial details of the deal, which it expects to complete early next year.

BP Shares Rise, Traders Cite Talk of Bid From Shell

Shares of UK energy major BP rose more than 3 percent Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Royal Dutch Shell declined to comment, while BP was unavailable for comment. "BP shares have rallied…

Shell Buyback of Own Shares

Royal Dutch Shell plc announced that on March 13, 2014 it purchased for cancellation 950,000 "B" Shares at a price of 2316.26 pence per share.

Shell Appoints Wetselaar as Integrated Gas Director

Royal Dutch Shell plc announced the appointment of Maarten Wetselaar Integrated Gas Director with effect from January 1, 2016. Integrated Gas in Shell has grown into a business that generated $11 billion of cash flow per year average over the last three years, compared to $2 billion in 2009, the company said.

Shell Sees More 2016 Spending Cut if BG Deal Goes Ahead

Royal Dutch Shell said on Tuesday it planned to cut the 2016 capital spending following its proposed takeover of BG Group by $2 billion to $33 billion. The Anglo-Dutch company expected the $53 billion BG acquisition to be completed by Feb. 15 pending both companies' shareholder approvals in late January.

Shell Writes Off Groningen Gas Field on Dutch Phase-out