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December 2nd, 2021:

Shell scraps plans to develop Cambo North Sea oilfield

REUTERS

Shell scraps plans to develop Cambo North Sea oilfield

LONDON, Dec 2 (Reuters) – Royal Dutch Shell (RDSa.L) said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain’s development of new oil and gas resources.

Following “comprehensive screening” of the Cambo field, Shell “concluded the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays,” the company said in a statement. 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.

Nigerians in Oil-Rich Delta Pin Hope on U.K. Trial Against Shell

Bloomberg

Nigerians in Oil-Rich Delta Pin Hope on U.K. Trial Against Shell

=&0=&(Bloomberg) — Dec 2, 2021

In the heart of Nigeria’s oil region, communities and their leaders see a U.K. court as their best chance to resolve a legacy of environmental damage in the area that they blame on Royal Dutch Shell Plc.

More than 40,000 residents of the crude-rich Niger Delta were permitted by the U.K. Supreme Court in February to seek compensation over pollution, allegedly caused by Shell, in a reversal of two previous rulings. The communities see this process as a guarantor of their legal rights, even if Shell were to follow through on its plans to exit some of the oilfields. A date for a trial hasn’t been set. 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.

Forget Shell

Bloomberg

Forget Shell. Amsterdam Stock Market’s Having a Knock-Out Year

2nd Dec 2021

(Bloomberg) — At a time when Royal Dutch Shell Plc is moving its headquarters out of the Netherlands, Amsterdam might fear losing some of the momentum that’s made it continental Europe’s pre-eminent stock trading centre.

Shell said on Nov. 15 that as part of a plan to simplify the oil giant’s structure, it will relocate its tax residence to the U.K. and move top executives from The Hague to London. The announcement came a year after Unilever Plc, the Anglo-Dutch owner of household products such as Omo and Lifebuoy soap, also opted to become a solely British company. 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’s seismic survey will cause ‘irreparable harm’ to sea life, including migrating whales along the Wild Coast in December

Mail&Guardian

Shell’s seismic survey will cause ‘irreparable harm’ to sea life, including migrating whales along the Wild Coast in December

: 2 Dec 2021

Avirtual court sitting in Makhanda has heard arguments between oil giant Shell and a group of environmental and human rights organisations opposed to its plans to explore the ecologically sensitive Wild Coast for oil and gas.

On Monday night, the Border Deep Sea Angling Association, Kei Mouth Ski Boat Club, Natural Justice and Greenpeace Africa applied for an urgent interim interdict to stop Shell from embarking on its 3D seismic survey between Morgan Bay and Port St Johns, which was scheduled to start on Wednesday. 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.

Dan Loeb swats away activist with heavy hand

REUTERS

Dan Loeb swats away activist with heavy hand

LONDON, Dec 2 (Reuters Breakingviews) – Dan Loeb, the billionaire activist calling for change at Royal Dutch Shell (RDSa.L), has fended off his own mini-revolt.

Shareholders in Third Point Investors (TPOGu.L), a UK-listed trust that owns a stake in Loeb’s main fund, roundly rejected a move by uppity shareholder Asset Value Investors to throw a Third Point employee, Josh Targoff, off the board.

Loeb’s victory is clear. Votes against the proposal numbered 30 million, versus just 9 million for it. 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 sells oil shares from the sea floor: Oil giant begins $7bn buyback scheme

CITYA.M.

Shell sells oil shares from the sea floor: Oil giant begins $7bn buyback scheme

:

Royal Dutch Shell (Shell) is looking to woo over shareholders following the sale of its US Permian basin assets to ConocoPhillips in September for $9.5bn.

It has launched the opening stage of its much-anticipated $7bn buyback scheme, offering $1.5bn in the first tranche of shareholder distributions.

The first tranche will be open until January 28, with plans to distribute the remaining $5.5bn to be announced in early 2022 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.

Critics, defenders debate Shell cracker plant impact as project nears completion

The Times

Critics, defenders debate cracker plant impact as project nears completion

CHRISSY SUTTLES ,  DANI FITZGERALD   | Beaver County Times 1 Dec 2021

A new report suggests Beaver County has yet to enjoy the long-promised economic growth stemming from Shell Chemicals’ cracker plant, but industry backers say the gains are clear.

Researchers with the Ohio River Valley Institute, a regional think tank focusing on clean energy and environment, released a report Tuesday titled “A Cautionary Tale of Petrochemicals from Pennsylvania,” analyzing Beaver County’s jobs numbers, new business growth, gross domestic product and poverty rates since Shell announced its intention to build here in 2012. 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.

Construction crew at Shell Cracker Plant wants overtime pay, files suit

Pennsylvania Record

Construction crew at Shell Cracker Plant wants overtime pay, files suit

By Marian Johns Dec 1, 2021

PITTSBURGH — Construction workers on the Pennsylvania Petrochemical Complex, known as the Shell Cracker Plant, in the western part of the state are claiming they did not receive overtime pay.

Daniel Davidson, on behalf of himself and all others similarly situated, filed a complaint Nov. 2 in the Court of Common Pleas of Allegheny County against Brand Industrial Services Inc., BrandSafway Industries and others alleging violation of the Pennsylvania Minimum Wage Act. 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 announces commencement of shareholder distributions from Permian business sale proceeds

Shell announces commencement of shareholder distributions from Permian business sale proceeds

Royal Dutch Shell plc (the ‘company’) announces the commencement of up to $1.5 billion of share buybacks today, being the first tranche of the $7 billion shareholder distributions from the sale of the company’s Permian business in the United States.   The form and timing for distributing the remaining $5.5 billion (together with any unpurchased amount of the $1.5 billion of shares under this tranche) will be announced in early 2022.  These distributions are in addition to our shareholder distributions in the range of 20-30% of cash flow from operations. 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.
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