REUTERS

Shell and Eneco win right to build large Dutch offshore windfarm

REUTERS

Shell injects $1.5 bln into UK retail power business to help it weather volatility

Reuters: Ron Bousso: Dec 08, 2022

LONDON — Shell has injected nearly $1.5 billion into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.

Britain’s power utilities have been rocked by huge fluctuations in energy prices since the end of 2021 due to a shortage in natural gas supplies, which was exacerbated after Russia sharply reduced supplies to Europe following its invasion of Ukraine in February.

Shell Energy’s operating loss rose to 102.4 million pounds in 2021 from 83.6 million pounds a year earlier, according to the company’s financial results, released on Thursday.

The loss was “principally driven by market conditions. In particular, the unprecedented rise in energy prices in the latter part of 2021 adversely impacted financial performance, including increased costs as a result of supplier failures in the market and the inability to pass on higher energy costs,” according to the results filing. read more

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Shell to ‘evaluate’ 25 bln pound British investments after windfall tax

LONDON, Nov 21 (Reuters) – Shell (SHEL.L) said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government’s decision to increase a windfall tax on oil and gas producers.

“We’re going to have to evaluate each project on a case by case basis,” said Shell’s UK country chair David Bunch told the Confederation of British Industry’s annual conference in Birmingham. “When you tax more you’re going to have less disposable income in your pocket, less to invest.” read more

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Europe’s gas crisis could last several winters, Shell CEO says

STAVANGER — Europe could face several winters of gas shortage as a result of the cuts to Russian supplies, Shell Chief Executive Ben van Beurden told a news conference in Norway on Monday.

REUTERS

Europe faces tough winter, may need to ration energy, Shell CEO says

Thu, 14 July 2022, 11:18 am

OXFORD, Britain (Reuters) – Europe faces a “really tough” winter in the face of soaring energy costs which might require fuel rationing, Shell CEO Ben van Beurden said on Thursday.

“It will be a really tough winter in Europe.. We will all face very significant escalation in energy prices,” van Beurden told the Aurora Spring Conference in Oxford.

In the worst case, Europe will need to ration its energy consumption, he added. read more

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

• 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

Energy firms bet on hydrogen boom, but payday far away

By Ron Bousso, Stephanie Kelly: March 3, 2021: 4 MIN READ

“Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy,” Royal Dutch Shell CEO Ben van Beurden told the CERAWeek online conference this week.

The universe’s most abundant element, hydrogen has been touted for decades as an alternative to fossil fuels, but attempts to commercialise it for use in vehicles and industry have largely failed.

So far, commercial-scale production has been from natural gas or coal and it is a niche market used mainly in oil refining and heavy industry. read more

Shell enters supply deal with Amazon to provide renewable energy

Reuters Staff: FEBRUARY 8, 2021

(Reuters) – A unit of oil major Royal Dutch Shell said on Monday it has agreed to supply Amazon.com Inc with renewable energy, which will help the U.S. online retailer power its business completely using clean energy by 2025, five years before its target.

Shell Energy Europe BV said it will provide the renewable energy from a subsidy-free offshore wind farm constructed off the coast of the Netherlands. (go.shell.com/2MCUTbA) read more

Shell to acquire UK’s largest electric vehicle charging network

By Reuters Staff: JANUARY 25, 2021

(Reuters) – Royal Dutch Shell said on Monday it was acquiring the owner of the UK’s largest public electric vehicle charging network, ubitricity, for an undisclosed amount.

The deal for the company that has over 2,700 on-street charge points in the country is expected to be completed late this year.

Electric vehicle sales are set to continue to soar in 2021, industry analysts and car distributors have said, as more models are brought to the market and governments push for use of cleaner energy to achieve climate goals. read more

Shell-owned German solar battery firm sonnen sets sights on growth

Vera Eckert and Christoph Steitz: Fri, January 15, 2021, 2:15 PM

* Battery market still small but growing fast

* Stuck at home in pandemic, consumers buy gadgets

* Only few players have global supply offering

By Vera Eckert and Christoph Steitz

FRANKFURT, Jan 15 (Reuters) – Royal Dutch Shell-owned German solar battery maker sonnen expects to expand in line with its core market, which is growing fast as people look to move away from fossil fuels. read more

Shell-led consortium to build 750 MW Dutch offshore wind farm

JULY 29, 2020

AMSTERDAM (Reuters) – A consortium led by Royal Dutch Shell has won a zero-subsidy tender to build a 750 megawatt (MW) wind farm in the North Sea off the coast of the Netherlands, the country’s economic affairs ministry said on Wednesday.

The consortium, which also includes Mitsubishi-owned energy company Eneco, will build the Hollandse Kust – Noord project, the ministry said in a statement. The auction was the latest in a series as the Netherlands seeks to reach 3,500 MW of offshore wind power by 2023. read more

UPDATE 2-Shell pulls out of U.S. Lake Charles LNG project, Energy Transfer delays FID

* Energy Transfer delays FID from late 2020 to early 2021

* Shell relinquishes 50% stake amid spending cuts

* Decision comes after collapse in oil prices 

By Ron Bousso and Shradha Singh

March 30 (Reuters) – Royal Dutch Shell Plc pulled out of a major liquefied natural gas (LNG) export plant under development in Louisiana following the recent crash in oil and natural gas prices that has forced the company to make deep spending cuts.

Energy Transfer LP, which was developing the project with Shell, said it remains focused on the commercial development of Lake Charles and is working toward making an early 2021 final investment decision (FID) to build the plant. read more

LONDON: Shell Energy Europe Limited, the energy marketing and trading division of Royal Dutch Shell has agreed a multi-year supply deal for power from a battery storage project in southwest England, the company said on Monday.

The 100-megawatt (MW) power storage project is backed by China Huaneng Group and Chinese sovereign wealth fund CNIC, and is expected to be completed by the end of 2020.

The two 50-MW batteries will enable Shell Energy Europe and its subsidiary Limejump to use renewable power in the area, the firm said. read more