Tag: Royal Dutch Shell
Trump leads resurgence of fossil fuel Fossils, but their cause is doomed
Embracing energy transition will give first movers like Saudi Arabia significant head start The election of Donald Trump has emboldened climate change opponents – fossil fuel Fossils, if you will. Unfortunately for the American President, he and his energy booster buddies – including his many fellow travellers in Alberta like Brian Jean and Jason Kenney – are […]
Shell green energy deals studied to prepare for future after oil
Shell green energy deals to meet investor demands, climate policies By Karolin Schaps and Ron Bousso LONDON, Nov 30 (Reuters) – Royal Dutch Shell, the world’s second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strategy beyond fossil fuels. Shell, which […]
It’s official: Shell CEO says global economy has started ‘energy transition’
Big Energy must stake its claim to manage the energy transition, not leave it to eco-activists I’ve taken plenty of heat lately from fossil fuels boosters who disagree the global economy has begun a 100-year transition to clean energy technology. Well, perhaps the boosters will believe Royal Dutch Shell CEO Ben van Beurden, who gave a […]
Shell expects Q4 profits to drop at least 40 per cent
Despite drop, Shell will press ahead with BG Group merger LONDON _Royal Dutch Shell expects its fourth quarter profits to drop at least 40 per cent to between $1.6 billion and $1.9 billion after a sharp drop in crude oil prices, but underscored its determination to press ahead with the proposed mega-merger with BG Group […]
Lorraine Mitchelmore, Shell Canada head, stepping down
Michael Crothers next leader of Shell Canada CALGARY _ The head of Royal Dutch Shell’s Canadian operations is leaving her job at the end of this year. Lorraine Mitchelmore has been Shell Canada’s president and country chair for past six years and has led the global energy giant’s heavy oil business for three. Mitchelmore says […]
Shell reports $7.4B Q3 loss, continues to re-organize, cancel projects
Shell announced cancellation of Alaskan offshore, Canadian oilsands project LONDON – Royal Dutch Shell reported a third quarter loss of $7.4 billion Thursday as it re-organized and cancelled projects, including drilling in Alaska, to cope with the plunge in oil prices. The net loss compares with a profit of $4.5 billion in the same period last year. […]
Shell Arctic offshore drilling cancellation could be devastating for Alaska
Shell Arctic offshore drilling plan pulled due to poor results ANCHORAGE, Alaska – Royal Dutch Shell’s dry hole in the Chukchi Sea may be disappointing to shareholders, but it’s potentially devastating to Alaska. The company’s decision to end oil exploration in offshore Alaska for the foreseeable future means the state must find another source to fill the […]
Shell Arctic offshore drilling abandoned after disappointing results
Shell Arctic offshore drilling program in Chukchi, Beaufort seas cost company over $7 billion ANCHORAGE, Alaska – Royal Dutch Shell Arctic offshore drilling has been called off following disappointing results from an exploratory well backed by billions in investment and years of work. The announcement was a huge blow to Shell, which was counting on offshore drilling […]
Shell Arctic drilling stops due to high winds, seas
Critics fear leak from Arctic drilling will ruin sensitive ecosystem ANCHORAGE, Alaska – Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory Arctic drilling. “Due to high wind and sea states, we have paused all critical operations in the Chukchi Sea,” said spokesman […]
Shell Arctic drilling decision required careful evaluation of risks: CEO
Shell Arctic drilling carries ‘increased risk profile’ LONDON – The CEO of Royal Dutch Shell says he decided to drill for oil off the coast of Alaska after a careful evaluation of the risks. In an interview with the BBC broadcast Wednesday, Ben van Beurden says that although drilling in the Arctic carries an “increased risk profile” because of […]
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