REUTERS
Shell and Eneco win right to build large Dutch offshore windfarm
By ReutersNews and information on Shell Energy
REUTERS
Shell and Eneco win right to build large Dutch offshore windfarm
By ReutersREUTERS
Shell injects $1.5 bln into UK retail power business to help it weather volatility
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.
REUTERS
Shell to ‘evaluate’ 25 bln pound British investments after windfall tax
By Ron Bousso: November 21, 20228:07 PM GMTLONDON, 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.”
REUTERS
Europe’s gas crisis could last several winters, Shell CEO says
Aug 29, 2022STAVANGER — 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.
“It may well be that we will have a number of winters where we have to somehow find solutions,” van Beurden said. (Reporting by Terje Solsvik, editing by Gwladys Fouche) SOURCEIn the worst case, Europe will need to ration its energy consumption, he added.
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 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.
Energy firms bet on hydrogen boom, but payday far away
(Reuters) – Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain.“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.
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)
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.
Shell-owned German solar battery firm sonnen sets sights on growth
Vera Eckert and Christoph Steitz:
* 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.
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.
* 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.
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.