All Shell articles – Page 14
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News
Shell on track to boost performance and growth
Shell is aiming to become the most competitive and innovative energy company in the world, according to its latest strategy update, presented by chief executive officer Peter Voser in London today. Voser said the company was on track to deliver its three-year strategic plan – outlined a year ago – and revealed that in this era of “volatile transitions”, Shell was in the throes of an ambitious phase of new growth investment, developing new sources of energy. “We have made good progress in 2010. Our profitability is improving, and we are on track for our growth targets. There is more to come from Shell,” explained Voser. In the first year of delivery against the three-year strategic plan, Shell saw some $10 billion, or 40% improvement in cashflow to $33bn, lower costs, higher oil and gas production, and continued progress with downstream restructuring – with Voser reaffirming continued commitment to the UK market. Voser said cost reduction and operating efficiency were a key part of Shell’s business, to ensure profitability for its shareholders and competitive energy prices for its customers. The company continues to sell non-core positions to enhance capital efficiency, and as part of funding for future investment. Asset sales proceeds have exceeded $30 billion in the past five years, and are expected to be up to $5 billion in 2011. Downstream remains an important business for Shell, generating over $21 billion of free cashflow in the past five years, from a global portfolio. Voser said the company is redoubling its efforts to improve returns in downstream. The bulk of the 2010-12 asset sales programme in Downstream has been completed, with transactions since end-2009 reducing refining capacity by over 700,000 barrels a day, reducing its marketing footprint, and generating $4.7 billion of disposals proceeds, including the recently-announced disposal plans for UK refining and Africa marketing. Voser said programmes to streamline the global downstream organisation were continuing, with more than $2.5 billion of cost taken out in 2009 and 2010, and a new target for a further $1 billion downstream cost reduction for 2011-12 announced.
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Shell receives offer for Stanlow refinery
Shell has confirmed it has received an offer from Essar Energy to buy its 272,000 barrel-per-day Stanlow refinery and associated local marketing businesses in the UK for a total expected consideration of some $1.3bn. In light of Essar’s offer, the two companies today signed an exclusivity agreement until April 1 ...
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Shell concept lubricant achieves 6.5% fuel economy benefit
A collaboration between research teams at Shell and Gordon Murray Design (GMD) has led to the development of an innovative concept engine lubricant, which is said to be capable of achieving a 6.5% improvement in fuel efficiency,Using GMD’s new T.25 city car as the test bed, Shell engineers have been ...
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New RAC breakdown gift card launched in 600 Shell sites
RAC is working with gift card company ‘InComm’ to distribute and market a new breakdown gift card, which is being launched in 600 Shell forecourt outlets throughout the UK, with plans to roll out to further outlets during 2011.The new credit-card sized gift card costs £29 and provides single-use breakdown ...
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Shell supports new science education gallery
Shell is supporting the Science Museum’s new science education gallery: ‘atmosphere - exploring climate science’, designed to help people understand climate science. The new exhibition includes interactive exhibits and a variety of displays to explain how the climate system works and summarises the current state of knowledge about climate science. ...
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Shell signs Coffee Republic to deliver coffee-to-go
Shell has joined forces with the Coffee Republic brand to bring self-serve coffee to around 400 company-owned sites in the UK. Following a trial for six months in four Shell forecourts, the Coffee Republic brand will rollout in mid to late October, with 200 expected to be in ...
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Shell launches new ’breakthrough’ fuels
Shell has teamed up with Andrew ’Freddie’ Flintoff to launch Shell FuelSave unleaded and diesel described as two breakthrough fuels designed to help drivers save up to 1-litre of fuel per tank from the very first fill, at no extra cost. The company says the new smarter fuels are ...
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NewsShell launches new FuelSave fuel
Shell has teamed up with Andrew ‘Freddie’ Flintoff to launch Shell FuelSave unleaded and diesel - described as two breakthrough fuels designed to help drivers save up to 1 Litre of fuel per tank from the very first fill, at no extra cost. The company says the new smarter fuels ...
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Shell shows smarter families can cut fuel bills by 27%
The Shell Smarter Drivers experiment has revealed that fuel efficient driving and local journey planning allows annual average savings of £310 on family petrol bills. The experiment was launched by Shell to better understand how fuel savings can be made by real families undertaking everyday journeys. ...
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Shell invests in biotech company
Shell has announced it has bought a stake in US biotech company Virent Energy systems, starting a joint technology programme looking to convert plant sugars directly into diesel. The oil company said it had been conducting a joint research and development effort to make biogasoline from plant sugars with Virent ...
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Shell and BP report bumper profits
Royal Dutch Shell has announced profits of $4.9 billion (£3.2 billion) for the first quarter of 2010 – a rise of 48% on the same period in 2009. The results came a day after BP also reported bumper profits for the first quarter - up 135% at $5.6billion (£3.7billion) compared ...
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Shell scheme targets 25% cut in energy use
Shell has introduced innovative energy-saving features at 200 petrol stations across the country in a bid to increase energy efficiency, cut carbon emissions and reduce energy costs. The sites involved in the Shell EnergySave Sites programme are aiming to achieve an average drop in energy consumption of 25% by introducing ...
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NewsShell boosts its green credentials
Shell revealed this week it had introduced new energy-saving features at 200 petrol stations across the country in a bid to increase energy efficiency, cut carbon emissions and reduce energy costs. The company said the sites involved in the Shell EnergySave Sites programme were aiming to achieve an average drop ...
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Shell joins Barclaycard Freedom
Shell has joined Barclaycard Freedom, the new reward scheme launched this week in the UK. More than eight million Barclaycard cardholders are now able to earn Reward Money for simply using their Barclaycard to buy goods and services in participating outlets. Reward Money can be earned at around 30,000 ...
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Shell expands Waitrose trial
Shell has expanded its trial with Waitrose to include its convenience products at three more sites. Shell UK Oil Products Limited (Shell), which originally announced the trial with Waitrose in November, said the latest move followed "extremely positive feedback" from customers who had commented on the quality and enhanced choice ...
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Shell reports steep drop in earnings
Royal Dutch Shell said today the sale of its Ellesmere Port refinery to Indian conglomerate Essar Energy was still under review after reporting a steep drop in fourth quarter and full year earnings. Shell announced plans to offload 15% of its refinery capacity in Europe and the Americas, including the ...
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Shell launches trial of Waitrose range in-store
Shell has launched a trial selling Waitrose products in three of its forecourt stores in the Birmingham area. The Waitrose range of about 200 convenience products will be placed in several locations alongside the existing Shell offering, but in "clearly marked areas", according to Melanie Lane, Shell UK retail ...
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Shell and Waitrose trial convenience range
Shell UK and Waitrose are to run a joint trial of a selection of the supermarket’s products in three forecourt shops in the Birmingham area. The Waitrose convenience products will be offered alongside Shell’s current shop range to enhance the offer to customers. The trial begins this week with the ...
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Shell backs down over poppy ban
Shell has reversed its ban on poppy appeal collections at its petrol stations. The oil company has also apologised to any customers upset by its original decision not to allow the collection boxes to be put on display at its sites. The announcement came after reports that forces veterans were ...
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Shell looks at selling Ellesmere Port refinery
Shell has confirmed it is considering selling its major oil refinery at Ellesmere Port. The spokeswoman for the company said the move was part of a review of Shell’s refining business, and that if the Stanlow site was offloaded, the refinery would be sold as a going concern. She added ...