Posts under ‘Oil’

The Telegraph

Shell reconsiders £25bn investment in UK energy over windfall tax raid

Levies will force oil giant to ‘rerun the economics’ on future projects, says UK chairman

By Matt Oliver and Szu Ping Chan: 21 November 2022 • 7:03pm

Shell is reviewing plans to invest £25bn in Britain’s energy system after Jeremy Hunt raided the industry for £55bn in windfall taxes.

David Bunch, Shell’s UK chairman, said the expanded levy announced in the Chancellor’s Autumn Statement is forcing the company to re-examine a slew of projects in the pipeline, from North Sea investments to renewable energy schemes. read more

The Telegraph

Shell plans to expand amid energy market chaos

The FTSE 100 company plans to invest £20bn-£25bn in the UK

By Rachel Millard: 13 June 2022 • 7:27pm

Shell is pursuing a significant expansion of its business supplying electricity to UK households amid intense volatility in energy markets.

The FTSE 100 company wants to supply clean power to five million households and electric car drivers by 2030, up from about 1.5m today, as part of plans to diversify away from oil and gas.

Shell plans to invest £20bn-£25bn in the UK over the decade, more than 75pc of which will go towards low carbon energy such as wind turbines and electric car charging points. read more

THE TIMES

Investor rebellion over climate change at chaotic Shell AGM

Emily Gosden: Energy Editor: Wednesday May 25 2022

A fifth of Shell shareholders have voted to reject its climate transition plans, almost double the rebellion that it endured a year ago.

The revolt came at a chaotic annual general meeting in London that was delayed for several hours after disruption by environmental protesters. Sir Andrew Mackenzie, Shell’s chairman, called police to clear the room at Central Hall in Westminster and three people were arrested outside the venue.

Shell, Europe’s biggest oil and gas group, is under intense scrutiny by investors and wider society over the speed of its plans to make the transition to cleaner energy. It has committed to eliminating its emissions to net zero by 2050, but faces pressure to make steep cuts in the near term, including from a read more

CNBC

Safety consultant goes viral for leaving Shell after a decade, says ‘core business’ is dangerous

Catherine Clifford: @IN/CATCLIFFORD/@CATCLIFFORD: PUBLISHED TUE, MAY 24 20224:30 PM EDT

EY POINTS

• At 8:27 a.m. on Monday morning Caroline Dennett emailed 1,400 executives at the oil and gas conglomerate, Shell, to announce her resignation after 11 years doing safety consulting for the company through her firm, .
• Shell’s internal safety program is dubbed “Goal Zero” and its aim is to have “no harm and no leaks,” Dennett said. “The Goal Zero is honorable, but they don’t equate that to the harms that are being done on a massive scale,” she told CNBC.

At 8:27 a.m. on Monday morning, May 23, Caroline Dennett emailed 1,400 executives at the oil and gas conglomerate, Shell, to announce her resignation after 11 years working as a safety consultant.

Dennett, who is based near London, asked executives and management at Shell “to look in the mirror and ask themselves if they really believe their vision for more oil and gas extraction secures a safe future for humanity.” read more

17 March 2022

The content below is sourced from current customer reviews of Shell Energy published on Trustpilot.

USELESS!

Recently I was moved from Post Office to Shell Energy. This was for landline telephone. Over 2 weeks ago I paid extra to get Broadband.  Since that point, I have been unable to contact Shell Energy and have received no communication from them whatsoever. I have spent over 3 hours on the telephone and have still not been able to get through to a human being to discuss this. I sent an email – nothing. I have to say, so far, they are USELESS! In terms of customer support and customer service, they have NONE! If you want even a small degree of customer interaction, AVOID this company. read more

General Motors and Shell Offer Renewable Energy Solutions to U.S. Homeowners, EV Owners and Suppliers

Program includes current offerings that can help expand access to renewable energy for GM’s customers and suppliers in Texas, and free renewable energy charging hours for GM’s EV owners in the coming months

NEWS PROVIDED BY

General Motors Co. 

Jun 23, 2021, 09:00 ET

DETROIT, June 23, 2021 /PRNewswire/ — General Motors and Shell, through its wholly owned subsidiary MP2 Energy, LLC (“Shell”),  are collaborating to provide comprehensive energy solutions programs to GM’s customers and supply chain partners, including fixed-rate home energy plans backed by 100 percent renewable energy resources. read more

Energy giants’ lobbying fuels the rise of hydrogen

Shell and BP want the controversial gas in families’ boilers. They’re pushing hard. By John Collingridge

Sunday May 02 2021, 12.01am, The Sunday Times

EXTRACTS

Few parts of the UK have attracted as much government attention in recent months as northeast England. Although Conservative mayor Ben Houchen is favourite to win Thursday’s Tees Valley mayoral election, ministers have left nothing to chance.

The 34-year-old has hosted visits from Boris Johnson, chancellor Rishi Sunak and business secretary Kwasi Kwarteng. Nearby Hartlepool, where the Tories’ Jill Mortimer is the bookies’ favourite to grab the seat from Labour in this week’s by-election, has received a similar love-bombing.

Houchen’s campaign has had a distinctly green tinge. He has campaigned on a ticket of clean industrial rebirth in an area ravaged by the closures of steel and chemicals works.

Hydrogen has been at its heart — an element that in just a few years has propelled into the mainstream.

Huge vested interests lie behind the rise of hydrogen: oil giants such as Shell, BP and Norway’s Equinor have staked their futures on natural gas as a less-polluting alternative to oil. read more

Shell says electric vehicles will be crucial in its efforts to lower carbon emissions

Sumathi Bala: FRI, APR 16 20214:50 AM EDT

• Electric vehicles will play a critical role in Royal Dutch Shell’s decarbonizing efforts – opening up opportunities in this mobility sector, according to a senior executive at the oil giant.
• Huibert Vigeveno, downstream director at Shell, says the company intends to expand its global EV charging stations network worldwide, pledging to have 2.5 million charging points by 2030.

Electric vehicles will play a critical role in Royal Dutch Shell’s efforts to cut emissions, according to a senior executive at the oil giant.

“If you look at the decarbonization opportunities of this mobility sector, EV plays a crucial role,” said Huibert Vigeveno, downstream director at Shell, adding that the company intends to expand its global electric vehicle charging stations network worldwide. read more

Shell Outlines Plans for Reducing Its Own Carbon Footprint

The energy giant has high hopes for sustainable aviation fuel

BY LISA LACY: 7 April 2021

While energy giant Shell may not be the first name that comes to mind when you think of sustainability, it’s looking to change that by “reduc[ing] the carbon intensity of all the energy that we sell by 2050.”

That’s according to Dean Aragón, CEO of Shell Brands International AG, who said the company has set milestones toward becoming a net-zero emissions energy business for the years 2023, 2030 and 2035 that are “very clear, measurable and quantifiable targets on the decarbonization journey.” He did not provide specifics. read more

Shell Canada employing ‘agile teams’ to power energy transition and reduce emissions

Wed., March 3, 2021, 9:15 p.m.

CALGARY — The president and country head for Shell Canada says its transition into a provider of cleaner energy is being driven by a network of “agile teams” of employees who are examining between 30 and 40 project ideas at a time.

Michael Crothers says the teams formed from employees brought in from various parts of the company are looking at proposals that include the use of hydrogen, biofuels, and wind and solar energy to help the company reduce its environmental impact. read more

Shell Energy to take part in renewable, gas-based power value chain for grid stability

By: Vikas Srivastava | March 3, 2021 8:48 AM Shell Energy Asia plans to participate in the power value chain in India to resolve the issues of renewable intermittency by using the idle gas-based power assets. The LNG supplier is working with the government and regulators in various geographies to achieve a connection between the renewable plus gas-based power generation for maximum cost and environment benefits, even as it promises to provide round-the-clock (RTC) electricity to the government.Shell, one of the largest oil and gas explorer and supplier, sees natural gas as the most suitable alternative to bundle with renewables to meet the grid intermittency challenge during night or when sun is not visible. Bundling natural gas with renewables will allow unhindered power generation for anytime of the day or night.

Ajay Shah, VP, Shell Energy Asia, told FE that Shell through its global pronouncements has expressed its aspirations to participate in the power or electricity value chain and form partnerships on the renewables and gas.

“Some of the early steps have been taken and the industry is open to such partnerships. We are also working with the government and regulators to see how this connection should be made. There are enough idle assets and we hope this connection should be made,” Shah said. read more

Shell puts electric charge into green energy future

Emily Gosden, Energy Editor Friday February 12 2021, 12.01am, The Times

Royal Dutch Shell plans to operate as many as 2.5 million electric vehicle charging points globally by 2030 under a new emissions-reduction strategy that will see its oil output decline.

The Anglo-Dutch oil giant sought to flesh out its 2050 net zero emissions goal with a plan to focus on customer-facing business such as electricity sales, rather than power generation like its peers. It intends to operate half a million charging points by 2025, up from 60,000 today, and could increase this to 2.5 million by the end of the decade. read more

Current customer postings on Trustpilot: “Their phone system took me round in circles and I never got an answer. They took 5 weeks to answer an email and then didn’t help with my issues. Do not bother with this bunch of useless, unhelpful people who do not appear to care.”

Featured below are extracts from negative customer reviews about Shell Energy posted over the past 24 hours on Trustpilot. Visit the Shell Energy page on Trustpilot to view all reviews in their entirety, positive and negative (and Shell Energy responses). Watch out for any fake reviews. Note the reoccurring themes in the negative reviews, including difficulty in communicating with the company. This article posted on 11 FEB 2021. read more

Shell to install Dutch solar park (30 MW) by November

HERMAN MOESTUE: Oslo: 19 Jan 2021 15:52 CET (Montel) Anglo-Dutch energy giant Royal Dutch Shell plans to begin construction of its 30 MW Sas van Gent-Zuid solar park in southern Netherlands in March, with completion due in November, it said on Tuesday.

The solar installation in the province of Zeerland would be erected on a former industrial site, which is “one of the sunniest places” in the country, the firm added. read more

Energy bills will fall for 15 million UK households as the regulator Office for Gas and Electricity Markets (OFGEM) reduces the default price cap and pre-payment meter cap from April.

The default price cap, which protects around 11 million households, is set to fall from £1,179 to £1,162 for the summer period, from April to September. The pre-payment meter cap, which protects a further 4 million households, will fall from £1,217 to £1,200 per year for the same six month period.

OFGEM chief executive Jonathan Brearley said households could get even lower bills by switching suppliers. read more

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

by David McPhee: 08/01/2020, 6:55 am

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

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

Jillian Ambrose and Jasper Jolly: Fri 3 Jan 2020 06.00 GMT

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