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New clean energy chief takes helm at oil giant Shell

By Andrew Lee

Shell will have a new leader at its New Energies unit from April, as Elisabeth Brinton takes over from current chief Mark Gainsborough in a role pivotal to the oil giant’s growing renewables and clean energy ambitions.

Brinton will take over from Gainsborough at the top of a New Energies operation that has grown to be a significant force in offshore wind, storage, power trading and other key areas of the energy transition – and has stated ambitions to help Shell become the world’s largest power company. read more

Shell-owned floating wind firm to ‘review future’ of Scottish office with oil major

A floating wind firm purchased by Shell in November is to review the future of a Scottish office registered before the buyout, the company’s head of projects said last night.

Brittany-headquartered Eolfi, a French renewable energy developer specialising in floating wind projects, registered the Edinburgh office for Eolfi Scotland in late October 2019.

It was announced that Shell would buy up 100% stake in the company on November 5 – but the deal was not finalised until December 20. read more

SHELL DOUBTFUL OF ACHIEVING THE CLEAN ENERGY TARGETS

Published by Industry Global News24: 06 Jan 2020

The Anglo-Dutch company had promised its investors in 2017 that, it will spend $1 bn to $2 bn per year. The fund will be invested in developing a clean energy project till the end of 2020. The company is falling short of the planned $4 billion-$6 billion to be invested between 2016 to end of 2020. This slow progress is likely to raise concerns from environmental groups that oil companies are not contributing to environmental conservation.

Since setting up the “new energies” division, the country has spent approximately $2 billion in setting up a low-carbon energy and electricity production facility. With only a year left to go, the company is far behind the set investment target of $4 bn-$6 bn. read more

Royal Dutch Shell may fail to reach green energy targets

Shell’s green spending plans were dealt a blow earlier this year when the company missed out on a multibillion dollar race to buy Dutch utility Eneco, which has a large renewable energy portfolio. Shell and its pension fund partner lost out to a consortium of investors led by Japan’s Mitsubishi, which paid $4.5bn for the company.

The deal might have pushed Shell’s green investment towards its planned spending range. Shell said it was disappointed it lost the bid, and said that it would continue to invest growing gas and electricity generation from renewable sources. read more

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