Posts filtered by tags: Royal Dutch Shell Plc[x]


 

Licella, Canfor’s Arbios Biotech JV form alliance with Shell Catalysts & Technologies

Breaking news came in today from the wonders down under, Australia-based Licella, in their joint venture with Canfor (Arbios Biotech) – a just inked a new global alliance with Shell Catalysts & Technologies that aims to create low-carbon, circular economy focused biorefinery, with Licella’s Cat-HTR (Catalytic Hydrothermal Reactor) technology at the core. In today’s Digest, why it’s significant, the partners, the tech, the backstory, and more. The deal The Digest just got word that Arbios Biot...
Tags: Australia, Germany, Top Stories, Michelin, Volkswagen, Shell, Royal Dutch Shell Plc, Victoria Australia, Digest, Coles, North America South America, Don Roberts, LyondellBasell, Licella, Canfor, Carbios


#Saudi Aramco Follows Big Oil Rivals With Bumper Earnings - Bloomberg

Saudi Aramco Follows Big Oil Rivals With Bumper Earnings - Bloomberg Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments.The world’s biggest energy company kept its quarterly payout, almost all of which goes to the Saudi government, at $18.75 billion. The money is vital for the kingdom as it tries to narrow a budget deficit that ballooned last year, with the coronavirus pan...
Tags: Travel, Royal Dutch Shell Plc, BP Plc, Big Oil, Rupert Neil Bumfrey, Amin Nasser, Bloomberg Saudi Aramco


A new market in 'carbon offsets' is blossoming, drawing huge companies who pay timber owners not to cut down trees

Roman Khomlyak/Shutterstock A market in which companies pay timber owners not to cut down trees is budding in the US, according to a report in The Wall Street Journal. Companies pay land owners to not cut, and then document the saved carbon emissions by purchasing a carbon offset. Microsoft and Royal Dutch Shell PLC have purchased carbon offsets. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A new market in carbon offsets where companies pay timber owners not t...
Tags: Microsoft, US, Trends, Journal, Royal Dutch Shell Plc, Microsoft Corp, Emily Graffeo, SilviaTerra, Wall Street Journal Companies


Why ‘Peak Oil’ Won’t Mean the End of Drilling - Bloomberg

Why ‘Peak Oil’ Won’t Mean the End of Drilling - BloombergA multibillion-dollar project to tap virgin oil fields in east Africa is expected to get the green light this weekend, highlighting an uncomfortable truth about the energy industry.Even as Total SE, the supermajor behind the new project straddling Uganda and Tanzania, makes genuine efforts to begin the transition to low-carbon energy, the industry is nowhere close to ending its appetite for oil.If you accept that petroleum demand may have ...
Tags: Travel, Africa, Uganda, Tanzania, Royal Dutch Shell Plc, Rupert Neil Bumfrey, Drilling Bloomberg


H-Energy’s Former #Dubai-Based LNG Trading Unit Being Liquidated - Bloomberg

H-Energy’s Former Dubai-Based LNG Trading Unit Being Liquidated - BloombergA liquefied natural gas trading company that was until recently based in Dubai and part of India’s Hiranandani Group is being liquidated after it was determined that it can no longer operate, according to a letter to creditors seen by Bloomberg News.HE Mideast Ltd. had insufficient funds to meet its debts, according to the letter, dated April 1, seen by Bloomberg. The firm defaulted on at least $50 million worth of debt t...
Tags: Travel, India, Bloomberg, Malaysia, Dubai, Shell, Royal Dutch Shell Plc, Petronas, Petroliam Nasional Bhd, Rupert Neil Bumfrey, H Energy, Hiranandani Group, Bloomberg News HE Mideast Ltd, Novato Investing Ltd, HE Mideast


Chevron Eyes Deal for Shell Oil Refinery in Pacific Northwest: Sources

By Erwin SebaHOUSTON (Reuters) - Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific...
Tags: Pacific Northwest, Royal Dutch Shell Plc, Chevron Eyes Deal for Shell Oil Refinery, Erwin SebaHOUSTON Reuters Chevron Corp


Aramco’s $75 Billion Dividend Survives Oil and Earnings Rout - Bloomberg video

Aramco’s $75 Billion Dividend Survives Oil and Earnings Rout - Bloomberg Saudi Aramco’s $75 billion dividend survived one of the biggest disruptions to oil markets in decades as the coronavirus pandemic and a price war sent crude prices tumbling.Aramco will make the payout -- the largest of any listed company and almost all which goes to Saudi Arabia’s government -- for 2020 despite a slump in earnings and revenue. The dividend is a key source of cash for the kingdom, whose economy was hit af...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Royal Dutch Shell Plc, Rupert Neil Bumfrey, Bloomberg Saudi Aramco


UK: UK Supreme Court Clarifies Parent Company Liability For ESG-Related Harms Caused By Foreign Subsidiaries - Mayer Brown

The UK Supreme Court has handed down its judgment in the case of Okpabi and others v Royal Dutch Shell Plc and another.
Tags: UK, News, UK supreme court, Royal Dutch Shell Plc, Mayer Brown, Okpabi


UK: Okpabi And Others V Royal Dutch Shell Plc And Another - UK Supreme Court Provides Further Clarification On Parent Company Liability For The Actions Of Its Foreign Subsidiary - Mayer Brown

The UK Supreme Court has handed down its judgment in the case of Okpabi and others v Royal Dutch Shell Plc and another.
Tags: UK, News, UK supreme court, Royal Dutch Shell Plc, Mayer Brown, Okpabi


UK: UK Supreme Court – Parent Company Liability For Actions Of Foreign Subsidiaries - Mayer Brown

The UK Supreme Court has handed down its judgment in the case of Okpabi and others v Royal Dutch Shell Plc and another.
Tags: UK, News, UK supreme court, Royal Dutch Shell Plc, Mayer Brown, Okpabi


A group of Nigerian farmers and fishermen can sue Royal Dutch Shell PLC in English courts over pollution from decades of oil spills,...

Britain's Supreme Court has ruled that more than 40,000 people can make claims against the European energy giant following decades of...
Tags: Supreme Court, Britain, Royal Dutch Shell Plc


Court: Nigerian Farmers Can Sue Shell in UK Over Pollution

Britain’s Supreme Court has ruled that a group of Nigerian farmers and fishermen can sue Royal Dutch Shell PLC in the English courts over pollution in a region where the oil giant has a subsidiary.
Tags: UK, Supreme Court, Britain, Royal Dutch Shell Plc, Farmers Can Sue Shell


Oil Climbs Ever Closer Toward $60 With Inventories in Retreat - Bloomberg

Oil Climbs Ever Closer Toward $60 With Inventories in Retreat - Bloomberg Oil prices continued their surge in the world’s major trading centers, fortified by shrinking stockpiles and continued investor optimism that the market will strengthen in the coming months.Brent crude, which was about $35 a barrel as recently as three months ago, rose as high as $59.04 on Thursday. Multiple trading gauges suggest a market that’s getting tighter, a move with global ramifications including boosting the reve...
Tags: Travel, Saudi Arabia, China, Royal Dutch Shell Plc, Rupert Neil Bumfrey, Retreat Bloomberg, Retreat Bloomberg Oil


Why Oil Companies’ Fall From Favor Could Cause Next Price Spike - Bloomberg

Why Oil Companies’ Fall From Favor Could Cause Next Price Spike - Bloomberg Nobody loves oil companies. Tesla Inc., the emblem of an emissions-free future, is worth more today than the top five Western supermajors combined.Yet the world’s disdain for its petroleum giants could carry a sting in the tail -- a jarring price spike.Oil may be on the way out, but it will be a long goodbye. Even if demand peaks, companies like Exxon Mobil Corp. and Royal Dutch Shell Plc need to keep investing tens of b...
Tags: Travel, Opec, Bloomberg, Iran, Royal Dutch Shell Plc, Exxon Mobil Corp, Rupert Neil Bumfrey, Tesla Inc, Mohammad Barkindo


Exxon's Plan For Surging Carbon Emissions Revealed In Leaked Documents

An anonymous reader quotes a report from Bloomberg: Exxon Mobil has been planning to increase annual carbon-dioxide emissions by as much as the output of the entire nation of Greece, an analysis of internal documents reviewed by Bloomberg shows, setting one of the largest corporate emitters against international efforts to slow the pace of warming. The drive to expand both fossil-fuel production and planet-warming pollution comes at a time when some of Exxon's rivals, such as BP Plc and Royal Du...
Tags: Greece, Tech, Exxon Mobil, Bloomberg, Exxon, Royal Dutch Shell Plc, BP Plc, Scope, Darren Woods


Shell to cut up to 9,000 jobs; UK house prices jump – business live

Rolling coverage of the latest economic and financial newsIntroduction: Shell to cut 10% of workforceUp to 9,000 jobs to go by 2022Cost-cutting plan will help push to net-zero 8.13am BST The FT’s Anjli Raval says Shell is trying to streamline its business after the shock of Covid-19, writing:Shell has in recent months reviewed its operations as it seeks not only to become more financially resilient, but better set up for a shift towards lower-carbon energy businesses.Job reductions of betwee...
Tags: Business, UK, Economics, Bloomberg, Stock Markets, Royal Dutch Shell, Ftse, Shell, Royal Dutch Shell Plc, Anjli Raval, OOTT, BST Shell


Oil workers flee as third storm in month aims for U.S. offshore fields

Royal Dutch Shell Plc halted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Saturday, as a new tropical storm flared. Beta, the 23rd named storm of the Atlantic hurricane season, formed in the Bay of Campeche and was forecast to gradually strengthen and soak the Texas coast all week, the National Hurricane Center said. The NHC reduced its maximum wind forecast to 75 miles per hour (120 kph), just above tropical storm intensity.
Tags: Texas, News, Atlantic, Gulf of Mexico, Nhc, Royal Dutch Shell Plc, National Hurricane Center, Bay of Campeche


Coronavirus further complicates Shell's giant floating gas project

Royal Dutch Shell PLC spent billions of dollars developing one of the world's most challenging energy projects, a floating gas terminal five football fields long. The coronavirus pandemic is posing a new problem: How to get workers to safely start it back up.
Tags: Finance, Article, The Wall Street Journal, Shell, Royal Dutch Shell Plc, FBN, Fbn/markets, Fox-business/markets/oil, Fox-business/industries/energy, Fox-business/topic/coronavirus, 4b47c4e4-1e13-58a2-8032-dd7499a6cd38, Sarah McFarlane


Europe’s Big Oil Companies Are Turning Electric

Under pressure from governments and investors, industry leaders like BP and Shell are accelerating their production of cleaner energy.
Tags: Europe, News, Greenhouse Gas Emissions, Bp, Shell, Royal Dutch Shell Plc, BP Plc, Looney, Oil (Petroleum) and Gasoline, Energy and Power, Eni SpA, Alternative and Renewable Energy, Electric Light and Power, Descalzi, Bernard (1970-, Claudio (1955-


Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis - Bloomberg

Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis - Bloomberg:Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry today is in pain like never before.“Refining margins are absolutely catastrophic,” Patrick Pouyanne, the head of Europe’s top oil refining group Total SA, told investors last month, ech...
Tags: Travel, Europe, Bloomberg, Valero Energy Corp, Royal Dutch Shell Plc, Exxon Mobil Corp, Indian Oil Corp, Rupert Neil Bumfrey, Marathon Petroleum Corp, Patrick Pouyanne, Total SA, Goldman Sachs Inc, Nikhil Bhandari, Sinopec of Chin


How Peak Oil’s Outlook Is Changing Under the Pandemic: QuickTake - Bloomberg

How Peak Oil’s Outlook Is Changing Under the Pandemic: QuickTake - Bloomberg:One big question emerging from the pandemic is whether it will speed up the global shift away from oil. Life under lockdown gave a taste of a world that burns less petroleum, with consumption down by about a quarter and city dwellers from Los Angeles to New Delhi relishing the cleaner air. As restrictions eased, things weren’t exactly returning to normal. Many workers had given up on commuting and there was talk that ai...
Tags: Travel, Los Angeles, New Delhi, Royal Dutch Shell Plc, International Energy Agency, Ben van Beurden, Rupert Neil Bumfrey, QuickTake Bloomberg


Shell looks to Brazil solar power sales from farms that are due online in 2023

Royal Dutch Shell PLC is ready to start negotiating with potential clients the sale of future solar power on Brazil's free energy market from its first farms due to start operating in 2023, Shell's solar business development manager for Latin America said.
Tags: Money, businessNews, Brazil, Shell, Latin America, Royal Dutch Shell Plc


Solar News: Marubeni Plant Feeds Power to Oil Companies in Oman - Bloomberg

Solar News: Marubeni Plant Feeds Power to Oil Companies in Oman - Bloomberg:Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest photovoltaic solar plant.The 100-megawatt Amin facility, built partly by Marubeni Corp., will supply electricity for PDO’s operations, the state-run company said Sunday in a statement. PDO targets producing 30% of its electricity from renewable resources by 2025, Moh...
Tags: Travel, Saudi Arabia, United Arab Emirates, Oman, Pdo, Royal Dutch Shell Plc, Nimr, Marubeni Corp, Rupert Neil Bumfrey, Petroleum Development Oman, Total SA, Marubeni Plant Feeds Power, Mohamed Al Busaidi, Organization of Petroleum Exporting Countries Amin, Marubeni Oman Gas Co Bahwan Renewable Energy Co, Nebras Power PDO


Big Oil Earnings Battered By Virus, But Worst is Yet to Come - Bloomberg

Big Oil Earnings Battered By Virus, But Worst is Yet to Come - Bloomberg: Big Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier.Major oil and gas producers from Norway to the U.S. saw profit plunge in the opening three months of the year. Exxon Mobil Corp. reported its first loss in over 30 years, Royal Dutch Shell Plc cut its dividend for the first time since the Second World War.And that was only the result of the initial spread of the coron...
Tags: Travel, Bloomberg, Norway, Royal Dutch Shell Plc, Exxon Mobil Corp, Big Oil, Rupert Neil Bumfrey


Oil's Recovery from Coronavirus Could Take Decades, Not Years - Bloomberg

Oil's Recovery from Coronavirus Could Take Decades, Not Years - Bloomberg:Who knows what the new normal for oil demand will be once Covid-19 is firmly in the rear view mirror? Not me, that's for sure. But it is likely to be lower than it was in 2019, and it could be that way for many years. That’s going to create overcapacity throughout the oil supply chain and weigh on prices.While signs are emerging that we might have passed the worst of this historic oil demand rout, they’re very tentative. N...
Tags: Travel, Citigroup, Boeing, Royal Dutch Shell Plc, Liam Denning, Ben van Beurden, Rupert Neil Bumfrey, Brooke Sutherland


A $6 Billion Windfall: Mexico's Massive Oil Hedge Is Paying Off

(Bloomberg) -- Mexico is on track to cash in on a $6 billion windfall once its massive insurance program against low oil prices kicks in following a dramatic plunge in prices, President Andres Manuel Lopez Obrador said on Wednesday.For the past two decades, Mexico has locked in its oil revenue via put options it buys from a small group of investment banks and oil companies in what’s considered Wall Street’s largest -- and most closely guarded -- annual oil deal.The options give Mexico the right ...
Tags: News, Mexico, Saudi Arabia, Wall Street, Bloomberg, Mexico City, Bloomberg News, Royal Dutch Shell Plc, JPMorgan Chase Co, Ministry Of Finance, Goldman Sachs Group, Televisa, Andres Manuel Lopez Obrador, Lopez Obrador, Petroleos Mexicanos, Bloomberg Mexico


Shell reducing production at Convent, Norco refineries in Louisiana - sources

Royal Dutch Shell Plc began reducing production at its Convent and Norco, Louisiana, refineries on Friday because of demand loss as consumers are staying home to prevent the spread of the coronavirus, said sources familiar with plant operations.
Tags: Money, businessNews, Louisiana, Shell, Royal Dutch Shell Plc, Norco Louisiana, Convent Norco


Canada’s LNG Dreams Fade as Blockades Add New Costs to Industry - Bloomberg

Canada’s LNG Dreams Fade as Blockades Add New Costs to Industry - Bloomberg:Hopes that Canada could turn into a gas export powerhouse seem to be waning fast. The current climate for energy investments in the country and the global market for liquefied natural gas are a far cry from October 2018, when a Royal Dutch Shell Plc-led group announced plans to build a massive LNG terminal on British Columbia’s coast and Prime Minister Justin Trudeau hailed the project as “a vote of confidence” in Canada...
Tags: Travel, Canada, Warren Buffett, Quebec, British Columbia, Justin Trudeau, Royal Dutch Shell Plc, Berkshire Hathaway Inc, Chevron Corp, Canadian Broadcasting Corp, Rupert Neil Bumfrey, Industry Bloomberg, Shell 's LNG


In Major Upset, Texas Oil Regulator Loses Republican Primary

(Bloomberg) -- A member of the top energy regulator in Texas lost his place on November’s ballot to a Republican challenger, a major upset for an incumbent who has attracted criticism for his handling of natural gas flaring and occasionally split with his fellow commissioners.Ryan Sitton, whose six-year term ends in January, conceded to Jim Wright as the party’s nominee for a spot on the Texas Railroad Commission. Despite the name, the powerful agency regulates the state’s massive oil fields, in...
Tags: Texas, News, Washington, Iraq, Bloomberg, Iran, Dallas, Houston, Republican, Dallas Morning News, Houston Chronicle, Wright, Royal Dutch Shell Plc, Permian, Sitton, Robert W Baird Co


Shell restarts reformer at Convent, Louisiana, refinery - sources

Royal Dutch Shell Plc restarted on Monday a catalytic reformer at its 211,270 barrel per day (bpd) refinery in Convent, Louisiana after completing repairs, said sources familiar with plant operations.
Tags: Money, businessNews, Louisiana, Shell, Royal Dutch Shell Plc