News and information on Shell Plc
Like cigarette makers before them, oil producers face a state-sponsored drive to drastically cut demand for their products, as governments around the globe promise to decarbonize transport and their wider economies in an effort to limit climate change.
Extracts from a MySanAntonio.com article: “Oxy shores up board with former Schlumberger CEO”Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger… Andrew Gould, who previously headed the world’s largest oilfield services firm until 2011…
As for Gould’s background, he led Schlumberger as the chairman and CEO from 2003 to 2011. He then chaired the United Kingdom’s BG Group until 2016 when it was bought by Royal Dutch Shell. The Anadarko sale was the biggest energy deal in the world since the BG deal. Gould is currently a board member with the state-owned energy giant Saudi Aramco.
2 Jan 2020
The Nord Stream 2 gas pipeline is a European affair, and the US must not intervene with this initiative, said Maria Zakharova, spokeswoman for the Russian Foreign Ministry.
Last week, US President Donald Trump signed the Fiscal Year 2020 National Defense Authorization Act, which includes penalties for Nord Stream 2. Allseas’s Swiss company stopped digging the pipes under the pressure of U.S. restrictions.
“If Nord Stream 2 had reached the territories of the U.S. somehow, I would have appreciated the debate of the possible involvement of Washington in these issues. No one has to deal with that, except the nations involved in the project because of geographical and financial aspects, “Zakharova told the Rossiya 24 channel.
Climate change captured the public’s attention in 2019. This was the year when global emissions were set to reach their highest point ever at 43bn tonnes of carbon dioxide and 16-year-old Greta Thunberg gave world leaders both barrels at the UN. But it will take more than that to shift the priorities of the world’s major emitters. Royal Dutch Shell (RDSA) and BP (BP.) and others are still green-lighting new projects that will reportedly hinder the planet from hitting the Paris climate goals of keeping warming to between 1.5 and 2 degrees.
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