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Tag Archives: Royal Dutch Shell

Oil refiners shut plants as demand losses seen continuing

Pump jacks operate at sunset in

REUTERS August 14, 2020 HOUSTON/MANILA (Reuters) – Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses. The pandemic initially cut fuel demand 30% and refiners temporarily idled plants. But consumption has not returned to pre-pandemic …

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Shell to write down up to $22b after COVID hit. Expects 40% drop in sales 2nd Qtr

Shell oil drilling rig at sea. Helicopter

REUTERS, JUNE 30, 2020 LONDON – Royal Dutch Shell (RDSa.L) said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook. The impairments follow the Anglo-Dutch company’s decision to shift from fossil fuel and reduce its greenhouse gas emissions to net-zero by 2050, …

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Maritime Image of the Day: “The Bullwinkle” oil platform

PortandTerminal.com, November 25, 2019 HALIFAX, NOVA SCOTIA – “Bullwinkle” is a 1,736 feet (529 m) tall oil platform that was towed as one single piece and installed in the Gulf of Mexico in 1988. It was installed in 1988 by Shell in the Gulf of Mexico and is regarded as one of the most extraordinary engineering feats of the 20th century. Oil platforms like …

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Shell to Buy French Offshore Wind-Power Developer

November 6, 2019 by Bloomberg By Kelly Gilblom (Bloomberg) — Royal Dutch Shell Plc has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power. The Anglo-Dutch oil major is boosting spending on low-carbon energy as it faces pressure to address the risks climate change poses to its business. Shell’s biggest renewable bets so far have been …

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Greenpeace: Clean up your mess, Shell!

By Ron Bousso LONDON, Oct 14 (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Pictures provided by Greenpeace show two people in yellow hats scaling one of giant two large, rusty structures and …

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