In December 2016, Shell won the auction for the 700 MW Borssele III & IV offshore wind farms at a price of 5.45 c/kWh, beating 6 other consortiums. [174] In June 2018, it was announced that the company and its co-investor Partners Group had secured $1.5 billion for the project, which also includes Eneco, Van Oord and Mitsubishi/DGE. [175] Royal Dutch Shell operates in the Philippines under the umbrella of its subsidiary Pilipinas Shell Petroleum Corporation. The head office is located in Makati and has facilities at the Pandacan oil depot and other key locations. [155] Shell was created in 1907 by the merger of the Royal Dutch Petroleum Company of the Netherlands and the “Shell” Transport and Trading Company of the United Kingdom. The combined company quickly became the main competitor to American Standard Oil, and by 1920 Shell was the world`s largest oil producer. [6] Shell entered the chemical industry in 1929. Shell was one of the “seven sisters” that dominated the global oil industry from the mid-1940s to the mid-1970s. In 1964, Shell partnered with the world`s first commercial liquefied natural gas (LNG) carrier.
[7] In 1970, Shell acquired the mining company Billiton, which it sold in 1994 and is now part of BHP. In recent decades, gas has become an increasingly important part of Shell`s business[8], and Shell acquired BG Group in 2016. [8] On August 4, 2005, the Board of Directors announced the appointment of Jorma Ollila, then Chairman and Chief Executive Officer of Nokia, to succeed Aad Jacobs as Non-Executive Chairman of the Company effective June 1, 2006. Ollila is the first chairman of Shell who is neither Dutch nor British. The other non-executive directors are Maarten van den Bergh, Wim Kok, Nina Henderson, Lord Kerr, Adelbert van Roxe and Christine Morin-Postel. [78] In November 2004, after a period of turbulence caused by the revelation that Shell had overstated its oil reserves, it was announced that the Shell Group would move to a single capital structure and a new parent company called Royal Dutch Shell plc with its main listing on the LSE, a secondary listing on Euronext Amsterdam, Create. its principal place of business and tax residence in The Hague, the Netherlands, and its registered office in London. The company was founded in 2002 as Forthdeal Limited, a shelf company of Swift Incorporations Limited and Instant Companies Limited, both based in Bristol. [18] The merger was completed on July 20, 2005 and the original owners delisted their companies from their respective exchanges. 20.
In July 2005, Shell Transport & Trading Company plc was delisted from the LSE,[48] while Royal Dutch Petroleum Company was listed on the New York Stock Exchange on 18 November 2005. [49] The company`s shares were issued with a 60/40 benefit to Royal Dutch shareholders, in accordance with the original owner of the Shell Group. [50] In December 2017, the company announced its intention to purchase UK home energy and broadband provider First Utility. [178] In March 2019, it was renamed Shell Energy and announced that all electricity would be supplied from renewable sources. [179] Shell has occasionally sought to diversify its core operations into the oil, gas and chemical sectors. These diversifications included a short-lived and costly nuclear joint venture with Gulf Oil in the United States; coal (Shell Coal was for some time a major player in mining and marketing); Metals (Shell acquired the Dutch mining company Billiton in 1970) and power generation (a joint venture with Bechtel called Intergen). None of these companies were considered successful and all have now been sold. In Ireland, Shell, along with Statoil and Marathon Oil, have been criticised for their plans to bring unrefined gas from the Corrib gas field to a pipeline that would stretch 9km inland in north-west County Mayo, near local residents en route to a refinery.
The plans were originally created by Enterprise Oil and inherited from Shell when it acquired the company in 2002. The project was haunted by years of resistance before natural gas began flowing from the field in December 2015. In 2018, Shell sold its stake in the Corib gas field to reduce its debt. [12] In July 2012, Greenpeace activists closed 53 Shell service stations in Edinburgh and London to protest the company`s plans to drill for oil in the Arctic. Greenpeace`s Save the Arctic campaign aims to prevent oil drilling and industrial fishing in the Arctic by declaring the uninhabited area around the North Pole a global protected area. [106] In 2002, Shell acquired Pennzoil-Quaker State through its U.S. division for $22 per share, or approximately $1.8 billion.