DOCSLIB.ORG

Building an Energy Future

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

BUILDING AN ENERGY FUTURE INVESTORS’ HANDBOOK ROYAL DUTCH SHELL PLC FINANCIAL AND 12'4#6+10#.+0(14/#6+10s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ƂPKPINQECVKQPU 19 +PVGITCVGFICU 40 'WTQRG 77 1KNUCNGUCPFTGVCKNUKVGU 21 9KPF 42 #HTKEC 78 %JGOKECNUCPFOCPWHCEVWTKPI 22 'WTQRG 44 #UKC NQECVKQPU 23 #HTKEC 48 1EGCPKC 24 #UKC KPENWFKPI/KFFNG'CUVCPF4WUUKC 49 #OGTKECU 27 1EGCPKC 28 #OGTKECU 80 ADDITIONAL INVESTOR 52 INFORMATION CONSOLIDATED DATA 30 80 5JCTGKPHQTOCVKQP DOWNSTREAM 52 'ORNQ[GGU 81 &KXKFGPFU 53 %QPUQNKFCVGFƂPCPEKCNFCVC 82 $QPFJQNFGTKPHQTOCVKQP 31 /CPWHCEVWTKPI 83 (KPCPEKCNECNGPFCT 32 5WRRN[CPFFKUVTKDWVKQP 32 $WUKPGUUVQ$WUKPGUU $$ 33 4GVCKN 33 .WDTKECPVU 33 .0)HQTVTCPURQTV 34 %JGOKECNU 34 6TCFKPI 34 $KQHWGNU 35 2QTVHQNKQCEVKQPU ABOUT THIS PUBLICATION 6JKU+PXGUVQTUo*CPFDQQMEQPVCKPUFGVCKNGFKPHQTOCVKQPCDQWV QWTCPPWCNƂPCPEKCNCPFQRGTCVKQPCNRGTHQTOCPEGQXGTXCT[KPI VKOGUECNGUHTQOVQ9JGTGXGTRQUUKDNGVJGHCEVU CPFƂIWTGUJCXGDGGPOCFGEQORCTCDNG6JGKPHQTOCVKQP KPVJKURWDNKECVKQPKUDGUVWPFGTUVQQFKPEQODKPCVKQPYKVJVJG PCTTCVKXGEQPVCKPGFKPQWT#PPWCN4GRQTVCPF(QTO( #NNKPHQTOCVKQPHTQOVJKUCPFQWTQVJGTTGRQTVUKUCXCKNCDNGHQT QPNKPGTGCFKPICPFFQYPNQCFKPICVJVVRTGRQTVUUJGNNEQO #NKUVQHCDDTGXKCVKQPUWUGFKPVJKUJCPFDQQMECPDGHQWPFQP VJGKPUKFGDCEMEQXGT reports.shell.com | Shell Investors’ Handbook 1 INTRODUCTION FROM THE CEO “SHELL HAS THE SCALE AND PORTFOLIO CHOICES TO MANAGE A THROUGH-CYCLE INVESTMENT STRATEGY FOR SUSTAINABLE GROWTH. INNOVATION AND A COMPETITIVE MINDSET IS AT THE HEART OF WHAT WE DO.” At Shell we recognise the importance of demand as the population grows and living communicating with investors, ensuring standards rise, especially in fast-growing that they understand the Company, its economies. We estimate that by 2050, progress and its plans for the future. Our world energy demand could rise as much Investors’ Handbook plays an important as 80% from current levels. Innovation role. It includes fi nancial data going back and technology will be vital in accessing fi ve years, giving a broad view of the and transporting harder-to-reach resources Company, and explains our businesses and as more available forms of energy are operations. Importantly, it explains how depleted. Shell has the scale and portfolio our businesses work together to provide choices to manage a through-cycle enduring advantages. investment strategy for sustainable growth. Innovation and a competitive mindset is at In 2012, we made good progress in the heart of what we do. improving our performance, and we are on target to meet our strategic objectives. Our work in natural gas, which now Our 2012 earnings on a current cost of accounts for nearly 50% of our production, supplies basis were $27 billion. Cash provides an example. We see integrated fl ow from operating activities was $46 gas, comprising LNG and GTL, as a billion, or $43 billion excluding working particular area with future growth potential. capital movements. Net capital investment Our Pearl GTL plant illustrates our ability amounted to $30 billion, as we build a to create and operate very large scale solid foundation for future growth. projects working with national partners. Its output of fuels and other liquid products We produced 3.3 million barrels of made from natural gas help Qatar diversify oil equivalent per day in 2012, up its national revenues. 3% from 2011 excluding the effect of divestments and exits. There were important In 2012, we cut the fi rst steel for the hull contributions from our Pearl GTL plant in of our fl oating LNG facility for the Prelude Qatar, which is now ramped up, and the gas fi eld offshore Australia. It will liquefy Pluto LNG Project in Australia, through our gas far out at sea and deliver it to tankers participation in Woodside Petroleum Ltd. for export. By eliminating the need for Our equity LNG sales volumes of 20.2 pipelines to shore, it will demonstrate a million tonnes were up 7% compared with concept that could help us reach remote gas 2011. fi elds elsewhere in the world. Over the past three years our growth To conclude, we are making good progress rates in earnings per share and operating towards our objectives. We continue cash fl ow have surpassed those of our to work hard to improve our operating competitors. And we continue to focus on performance, and we have clear strategic further improving our competitiveness. priorities to drive growth and value for our shareholders. I hope you will fi nd plenty of Our recent progress means that the growth information on these plans in this Investors’ agenda set out at the beginning of 2012 is Handbook. on track. Peter Voser Looking to the future, the world faces Chief Executive Offi cer the challenge of meeting rising energy 103585_SHE_Investors Handbook_V98_Cleaned_JD.indd 1 08-05-13 14:51 COMPANY OVERVIEW OUR BUSINESSES UPSTREAM INTERNATIONAL Upstream International manages the Upstream businesses outside the Americas. It explores for and recovers crude oil, natural gas and natural gas liquids, liquefi es and transports gas, and operates the upstream and midstream infrastructure necessary to deliver oil and gas to market. Upstream International also manages Shell’s LNG and GTL businesses. Since January 2013, it manages its operations primarily by line of business, with this structure overlaying individual country organisations. This organisation is supported by activities such as Exploration and New Business Development. Previously activities were organised primarily by geographical location. UPSTREAM AMERICAS Upstream Americas manages the Upstream businesses in North and South America. It explores for and recovers crude oil, natural gas and natural gas liquids, transports gas and operates the upstream and midstream infrastructure necessary to deliver oil and gas to market. Upstream Americas also extracts bitumen from oil sands that is converted into synthetic crude oil. Additionally, it manages the US-based wind business. It manages its operations by line of business, supported by activities such as Exploration and New Business Development. DOWNSTREAM Downstream manages Shell’s refi ning and marketing activities for oil products and chemicals. These activities are organised into globally managed classes of business, although some are managed regionally or provided through support units. Refi ning includes manufacturing, supply and shipping of crude oil. Marketing sells a range of products including fuels, lubricants, bitumen and liquefi ed petroleum gas (LPG) for home, transport and industrial use. Chemicals produces and markets petrochemicals for industrial customers, including the raw materials for plastics, coatings and detergents. Downstream also trades Shell’s fl ow of hydrocarbons and other energy-related products, supplies the Downstream businesses, governs the marketing and trading of gas and power, and provides shipping services. Additionally, Downstream oversees Shell’s interests in alternative energy (including biofuels but excluding wind) and CO2 management. PROJECTS & TECHNOLOGY Projects & Technology manages the delivery of Shell’s major projects and drives the research and innovation to create technology solutions. It provides technical services and technology capability covering both Upstream and Downstream activities. It is also responsible for providing functional leadership across Shell in the areas of safety and environment, and contracting and procurement. 103585_SHE_Investors Handbook_V98_Cleaned_JD.indd 2 08-05-13 14:51 reports.shell.com | Shell Investors’ Handbook 3 Company overview BUILDING AN ENERGY FUTURE Global energy demand is rising and so are consumer expectations – more people want energy from cleaner sources. At Shell we work with others to unlock new energy sources and squeeze more from what we have. We do this in responsible and innovative ways. In building a better energy future we all have a part to play. Shell is doing its part. Producing oil Extracting Exploring for oil and gas bitumen and gas Mining Refining oil oil sands into fuels and lubricants Producing petrochemicals Supply and Developing distribution fi elds Shipping and trading Converting gas to liquid products (GTL) Producing biofuels Shipping and trading Liquefying gas by cooling (LNG) Generating wind power B 2B sales CHEMICAL Regasifying PRODUCTS Retail sales LNG for plastics, Retail sales coatings, detergents B 2B sales FUELS AND LUBRICANTS for transport SHELL IS AN GAS for cooking, heating, INNOVATION-DRIVEN electrical power GLOBAL GROUP OF ENERGY AND PETROCHEMICAL COMPANIES. 103585_SHE_Investors Handbook_V98_Cleaned_JD.indd 3 08-05-13 14:51 4 Shell Investors’ Handbook | reports.shell.com Company overview HIGHLIGHTS 2012 FIRST Appraisal success at Appomattox discovery CNPC and Shell sign fi rst shale gas production QUARTER Shell announced a successful appraisal operation at sharing contract in China its Appomattox discovery in deep water in the Gulf CNPC and Shell signed a production sharing contract of Mexico with resources potential of about 500 for shale gas exploration,
Recommended publications
  • Shell and the Technip-Samsung Consortium Take Next Step on Prelude Floating LNG Facility

    Shell and the Technip-Samsung Consortium Take Next Step on Prelude Floating LNG Facility

    Shell and the Technip-Samsung consortium take next step on Prelude floating LNG facility March 9, 2010 Yesterday, Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia. These contracts formalize the announcement made by Shell in October 2009 that Prelude is in the engineering and design phase of development. The first contract covers the front-end engineering design (FEED) elements specific to the Prelude project, taking into account the composition of the gas, local weather conditions and other site specific factors. The second contract details the terms under which the floating LNG facility would be built, if the final investment decision for the Prelude project is made. Planning for Prelude is progressing well. Yesterday's signing follows a July 2009 master agreement between Shell and the Technip-Samsung consortium to work on the design, construction and installation of multiple floating LNG facilities over a period of up to 15 years. The floating design will allow Shell to place gas liquefaction facilities directly over offshore gas fields, precluding the need for long-distance pipelines and extensive onshore infrastructure. This provides a commercially attractive approach for developing offshore fields. Notes to Editors Royal Dutch Shell plc is a leading global energy company whose subsidiaries employ 102,000 people and operate in more than 100 countries and territories. Shell engages in the exploration and production of oil and natural gas, the refining and marketing of transportation fuels and other oil products, the production of chemicals and the development of renewable energy.
  • 1D Atmospheric Study of the Temperate Sub-Neptune K2-18B D

    1D Atmospheric Study of the Temperate Sub-Neptune K2-18B D

    A&A 646, A15 (2021) Astronomy https://doi.org/10.1051/0004-6361/202039072 & © D. Blain et al. 2021 Astrophysics 1D atmospheric study of the temperate sub-Neptune K2-18b D. Blain, B. Charnay, and B. Bézard LESIA, Observatoire de Paris, PSL Research University, CNRS, Sorbonne Université, Université de Paris, 92195 Meudon, France e-mail: [email protected] Received 30 July 2020 / Accepted 13 November 2020 ABSTRACT Context. The atmospheric composition of exoplanets with masses between 2 and 10 M is poorly understood. In that regard, the sub-Neptune K2-18b, which is subject to Earth-like stellar irradiation, offers a valuable opportunity⊕ for the characterisation of such atmospheres. Previous analyses of its transmission spectrum from the Kepler, Hubble (HST), and Spitzer space telescopes data using both retrieval algorithms and forward-modelling suggest the presence of H2O and an H2–He atmosphere, but have not detected other gases, such as CH4. Aims. We present simulations of the atmosphere of K2-18 b using Exo-REM, our self-consistent 1D radiative-equilibrium model, using a large grid of atmospheric parameters to infer constraints on its chemical composition. Methods. We compared the transmission spectra computed by our model with the above-mentioned data (0.4–5 µm), assuming an H2–He dominated atmosphere. We investigated the effects of irradiation, eddy diffusion coefficient, internal temperature, clouds, C/O ratio, and metallicity on the atmospheric structure and transit spectrum. Results. We show that our simulations favour atmospheric metallicities between 40 and 500 times solar and indicate, in some cases, the formation of H2O-ice clouds, but not liquid H2O clouds.
  • Download Technipusa Information

    Download Technipusa Information

    JMK:AES F#2019R00879 UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -X UNITED STATES OF AMERICA INFORMATION - against - Cr. No. 19-279 (KAM) (T. 18, U.S.C., §§ 371 and 3551 et~-) TECHNIP USA INC., Defendant. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -X THE UNITED STATES CHARGES: At all times relevant to this Information, unless otherwise stated: I. The Foreign Corrupt Practices Act 1. The Foreign Corrupt Practices Act of 1977, as amended, Title 15, United States Code, Sections 78dd-l et seq. (the "FCPA"), was enacted by Congress for the purpose of, among other things, making it unlawful to act corruptly in furtherance of an offer, promise, authorization, or payment ofmoney or anything ofvalue, directly or indirectly, to a foreign official for the purpose of assisting in obtaining or retaining business for, or directing business to, any person. II. The Defendant 2. The defendant TECHNIP USA INC. ("Technip USA") was a wholly- owned subsidiary ofTechnip S.A. ("Technip"), a global provider of oil and gas technology and services. Technip USA had its principal place ofbusiness in the United States and was organized under the laws ofthe State ofDelaware. At all relevant times, Technip USA was a "domestic concern," and Technip was a stockholder of a "domestic concern," as that term is used in the FCPA, Title 15, United States Code, Section 78dd-2. III. Relevant Entities and Individuals 3. Technip was an oil and gas technology and services company that was headquartered in France and maintained subsidiary companies and offices in, among other places, Houston, Texas. From in or about and between August 2001 and November 2007, shares of Technip's stock traded on the New York Stock Exchange, and Technip was required to file periodic reports with the U.S.
  • 2020 Shell in Australia Modern Slavery Statement

    2020 Shell in Australia Modern Slavery Statement

    DocuSign Envelope ID: D3E27182-0A3B-4D38-A884-F3C2C5F0C272 JOINT MODERN SLAVERY STATEMENT UNDER THE MODERN SLAVERY ACT 2018 (CTH) FOR THE REPORTING PERIOD 1 JANUARY 2020 TO 31 DECEMBER 2020 Shell Energy Holdings Australia Limited has prepared this modern slavery statement in consultation with each of the following reporting entities, and is published by the following reporting entities in compliance with the Modern Slavery Act 2018 (Cth) (No. 153, 2018) (“Modern Slavery Act”):- 1) Shell Energy Holdings Australia Limited (“SEHAL”); 2) QGC Upstream Investments Pty Ltd (“QGC Upstream”); 3) QGC Midstream Investments Pty Ltd (“QGC Midstream”); and 4) ERM Power Limited (“ERM Power”), (collectively “Shell”, “our” or “we”)i Note on ERM Power: At the time this statement’s publication, ERM Power Limited will have been re- named to Shell Energy Operations Pty Ltd. However, as this statement pertains to ERM Power Limited’s structure, operations and supply chain from 1 January 2020 to 31 December 2020, we have maintained the previous entity name of ERM Power Limited for this statement. In addition, as ERM Power’s integration into Shell is ongoing, we have noted throughout this statement where ERM Power’s approach or processes differ from that of Shell. Finally, at the time this statement’s publication, ERM Power’s policies, for which links are listed under the “ERM Power” sub-heading in “Our values, policies & approach to human rights”, will be decommissioned; however would be available upon request as ERM has adopted the equivalent Shell policies. Introduction Shell is opposed to all forms of modern slavery. Such exploitation is against Shell’s commitment to respect human rights as set out in the Universal Declaration of Human Rights and the International Labour Organization 1998 Declaration of the Fundamental Principles of Rights at Work.
  • Planet Hunters. VI: an Independent Characterization of KOI-351 and Several Long Period Planet Candidates from the Kepler Archival Data

    Planet Hunters. VI: an Independent Characterization of KOI-351 and Several Long Period Planet Candidates from the Kepler Archival Data

    Accepted to AJ Planet Hunters VI: An Independent Characterization of KOI-351 and Several Long Period Planet Candidates from the Kepler Archival Data1 Joseph R. Schmitt2, Ji Wang2, Debra A. Fischer2, Kian J. Jek7, John C. Moriarty2, Tabetha S. Boyajian2, Megan E. Schwamb3, Chris Lintott4;5, Stuart Lynn5, Arfon M. Smith5, Michael Parrish5, Kevin Schawinski6, Robert Simpson4, Daryll LaCourse7, Mark R. Omohundro7, Troy Winarski7, Samuel Jon Goodman7, Tony Jebson7, Hans Martin Schwengeler7, David A. Paterson7, Johann Sejpka7, Ivan Terentev7, Tom Jacobs7, Nawar Alsaadi7, Robert C. Bailey7, Tony Ginman7, Pete Granado7, Kristoffer Vonstad Guttormsen7, Franco Mallia7, Alfred L. Papillon7, Franco Rossi7, and Miguel Socolovsky7 [email protected] ABSTRACT We report the discovery of 14 new transiting planet candidates in the Kepler field from the Planet Hunters citizen science program. None of these candidates overlapped with Kepler Objects of Interest (KOIs) at the time of submission. We report the discovery of one more addition to the six planet candidate system around KOI-351, making it the only seven planet candidate system from Kepler. Additionally, KOI-351 bears some resemblance to our own solar system, with the inner five planets ranging from Earth to mini-Neptune radii and the outer planets being gas giants; however, this system is very compact, with all seven planet candidates orbiting . 1 AU from their host star. A Hill stability test and an orbital integration of the system shows that the system is stable. Furthermore, we significantly add to the population of long period 1This publication has been made possible through the work of more than 280,000 volunteers in the Planet Hunters project, whose contributions are individually acknowledged at http://www.planethunters.org/authors.
  • Exploration and Production

    Exploration and Production

    2006-2009 Triennium Work Report October 2009 WORKING COMMITTEE 1: EXPLORATION AND PRODUCTION Chair: Vladimir Yakushev Russia 1 TABLE OF CONTENTS Introduction SG 1.1 “Remaining conventional world gas resources and technological challenges for their development” report SG 1.2 “Difficult reservoirs and unconventional natural gas resources” report 2 INTRODUCTION Reliable natural gas supply becomes more and more important for world energy sector development. Especially this is visible in regions, where old and sophisticated gas infrastructure is a considerable part of regional industry and its stable work is necessary for successful economy development. In the same time such regions often are already poor by conventional gas reserves or have no more such reserves. And there is need for searching new sources of natural gas. This is challenge for exploration and production of natural gas requiring reviewing strategies of their development in near future. The most important questions are: how much gas still we can get from mature areas (and by what means), and how much gas we can get from difficult reservoirs and unconventional gas sources? From this point of view IGU Working Committee 1 (Exploration and Production of Natural Gas) has established for the triennium 2006-2009 two Study Groups: “Remaining conventional world gas resources and technological challenges for their development” and “Difficult reservoirs and unconventional natural gas resources”. The purposes for the first Group study were to make definition of such important term now using in gas industry like “mature area”, to show current situation with reserves and production in mature areas and forecast of future development, situation with modern technologies of produced gas monetization, Arctic gas prospects, special attention was paid to large Shtokman project.
  • COGENERATION PLANT and HYDROGEN PIPELINE Addendum to Decision 2000-30 FORT SASKATCHEWAN AREA Applications No.990464 and 1051618

    COGENERATION PLANT and HYDROGEN PIPELINE Addendum to Decision 2000-30 FORT SASKATCHEWAN AREA Applications No.990464 and 1051618

    ALBERTA ENERGY AND UTILITIES BOARD Calgary Alberta SHELL CANADA LIMITED COGENERATION PLANT AND HYDROGEN PIPELINE Addendum to Decision 2000-30 FORT SASKATCHEWAN AREA Applications No.990464 and 1051618 DECISION 2000-30 The Alberta Energy and Utilities Board (Board/EUB) issued Decision 2000-30 (attached) on May 30, 2000, approving the applications. This addendum provides the reasons for the Board’s decisions. 1 INTRODUCTION 1.1 Application 990464 Shell Canada Limited (Shell) applied to the Board, pursuant to Section 9 of the Hydro and Electric Energy Act, for approval to construct and operate a 150 megawatt (MW) natural-gas- fired cogeneration plant on its approved Scotford Upgrader site. This site is adjacent to the Scotford Refinery in Strathcona County, about 14 km north of Fort Saskatchewan, Alberta. The cogeneration plant would include • a natural-gas-fired combustion gas turbine, which would generate 80 MW of electric power, • a heat recovery steam generator (HRSG), and • a steam turbine, which would generate about 70 MW of electric power. The applicant described the cogeneration process as follows: • Natural gas would be fired in the combustion turbine to generate about 80 MW of electricity. • Heat would be recovered from the hot combustion turbine exhaust gases in the HRSG, which would produce steam. • The steam would be delivered to the upgrader to help meet its steam requirements. • High-pressure HRSG steam and the excess high-pressure steam from the upgrader process units would be delivered to the steam turbine to produce an additional 70 MW of electricity. 1.2 Application 1051618 Shell also applied, pursuant to Part 4 of the Pipeline Act, for approval to construct and operate approximately 8.7 km of 762 mm outside diameter pipeline to transport hydrogen gas from the existing Dow Chemical Canada Inc.
  • NACE Tour and Dinner Meeting Shell Scotford Upgrader Shell Scotford Upgrader

    NACE Tour and Dinner Meeting Shell Scotford Upgrader Shell Scotford Upgrader

    NACE Tour and Dinner Meeting Tuesday, May 20, 2008 Shell Scotford Upgrader Dow Center, Fort Saskatchewan, AB TTTOOOPPPIIIICCC Shell Scotford Upgrader Plant Tour SSSPPPEEEAAAKKKEEERRR Harm de Groot P.Eng. Engineering Services Coordinator Shell Canada Scotford Upgrader It has been a while since NACE Edmonton has organized a plant tour so we are happy to announce that Shell has offered to organize a plant tour of their Upgrader plant for NACE Edmonton, ASM and AWS members. For now the tour is limited to 40 people so please make sure that if you are interested sign up in time. After the tour there will be a dinner and a presentation on materials and corrosion issues in Upgraders by Harm de Groot. The Scotford Upgrader is located next to Shell Canada's Scotford Refinery near Fort Saskatchewan, Alberta. The Scotford Upgrader uses hydrogen-addition technology to upgrade the high viscosity "extra heavy" crude oil (called bitumen) from the Muskeg River Mine into a wide range of synthetic crude oils. A significant portion of the output of the Scotford Upgrader is sold to the Scotford Refinery. Both light and heavy crudes are also sold to Shell's Sarnia Refinery in Ontario. The balance of the synthetic crude is sold to the general marketplace. The Scotford Upgrader - which is part of the joint venture project between Shell Canada, Chevron Canada (a wholly owned subsidiary of Chevron Corporation) and Western Oil Sands – is operated by Shell Canada. UUUpppgggrrraaadddiiiiiinnnggg Upgrading is the process of breaking large hydrocarbon molecules (such as bitumen) into smaller ones by increasing the hydrogen to carbon ratio.
  • Tables of Statistics

    Tables of Statistics

    Tables of statistics Caution The data given in the historic series may sometimes differ from those of the text due to the different statistic source and the different data processing methods used. 224 Oil economics and policies Table 1 - World crude oil prices, 1859-19981 Year Price Change Year Price Change Year Price Change (doll./bbl) doll.lbb1 % (doll.lbbl) doll.lbb1 % (doll.lbb1) doll.lbb1 % 1859 16.00 1909 0.70 0.0 -2.8 1959 1.92 -0.2 -7.7 1860 9.59 --6.4 -40.1 1910 0.61 --{).1 -12.9 1960 1.86 --{).1 ":'3.1 1861 0.49 -9.1 -94.9 1911 0.61 0.0 0.0 1961 1.80 --{).1 -3.2 1862 1.05 0.6 114.3 1912 0.74 0.1 21.3 1962 1.80 0.0 0.0 1863 3.15 2.1 200.0 1913 0.95 0.2 28.4 1963 1.80 0.0 0.0 1864 8.06 4.9 155.9 1914 0.81 --{).1 -14.7 1964 1.80 0.0 0.0 1865 6.59 -1.5 -18.2 1915 0.64 --{).2 -21.0 1965 1.80 0.0 0.0 1866 3.74 -2.9 -43.2 1916 1.10 0.5 71.9 1966 1.80 0.0 0.0 1867 2.41 -1.3 -35.6 1917 1.56 0.5 41.8 1967 1.80 0.0 0.0 1868 3.62 1.2 50.2 1918 1.98 0.4 26.9 1968 1.80 0.0 0.0 1869 5.64 2.0 55.8 1919 2.01 0.0 1.5 1969 1.80 0.0 0.0 1870 3.86 -1.8 -31.6 1920 3.07 1.1 52.7 1970 1.80 0.0 0.0 1871 4.34 0.5 12.4 1921 1.73 -1.3 -43.6 1971 2.13 0.3 18.3 1872 3.64 --{).7 -16.1 1922 1.61 --{).1 -6.9 1972 2.48 0.4 16.4 1873 1.83 -1.8 -49.7 1923 1.34 --{).3 -16.8 1973 2.81 0.3 13.3 1874 1.17 --{).7 -36.1 1924 1.43 0.1 6.7 1974 10.98 8.2 290.7 1875 1.35 0.2 15.4 1925 1.68 0.3 17.5 1975 10.71 --{).3 -2.5 1876 2.52 1.2 86.7 1926 1.88 0.2 11.9 1976 11.63 0.9 8.6 1877 2.38 --{).1 -5.6 1927 1.30 --{).6 -30.9 1977 12.57 0.9 8.1 1878 1.17 -1.2 -50.8 1928 1.17
  • Inquiry Into the Price of Unleaded Petrol

    Inquiry Into the Price of Unleaded Petrol

    SHELL AUSTRALIA’S SUBMISSION TO THE AUSTRALIAN COMPETITION AND CONSUMER (ACCC) INQUIRY INTO THE PRICE OF UNLEADED PETROL CONTENTS Introduction ............................................................................................................................2 Refining and importing..........................................................................................................2 Wholesale and distribution....................................................................................................4 Retail........................................................................................................................................6 Shell submission to ACCC Petrol Price Inquiry, July 2007 Page 1 Introduction This submission addresses issues relevant to Shell under the broad subjects, “Refining and importing”, “Wholesale and distribution” and “Retail”, which are set out in the Issues Paper published by the ACCC in June 2007. However, as Shell is essentially no longer a retailer, the submission makes limited comment on the retail market. As an overarching comment, Shell believes that the Australian market for unleaded petrol is highly competitive as evidenced by: • the fact that Australian fuel, both pre and post tax, is amongst the cheapest in the OECD countries; • Shell’s profits before interest and tax in 2006 equate to 2.3 cents per litre of fuel and over the last five years have averaged around 1.8 cpl or 1.5% on a litre of petrol); and • Shell’s investment of over $1 billion in the Downstream business
  • Celebrate Success

    Celebrate Success

    Community: Strathcona county Economic DEvElopmEnt & touriSm ProjeCt: ShEll ScotforD upgraDEr ExpanSion onE Celebrate Success entry for the 2011 Alex metcalfe AwArds Strathcona County Economic Development and Tourism Shell Scotford Upgrader Expansion One Entry for Alex Metcalfe Award (Large Population 50,001) Executive Summary Shell Canada - Scotford Upgrader Expansion One The Scotford Upgrader is located next to Shell Canada’s Scotford Refinery in Strathcona County, Alberta. The Scotford Upgrader uses hydrogen-addition technology to upgrade the high viscosity “extra heavy” crude oil (called bitumen) from the Muskeg River Mine into a wide range of synthetic crude oils. A significant portion of the output of the Scotford Upgrader is sold to the Scotford Refinery. Both light and heavy crudes are also sold to Shell’s Sarnia Refinery in Ontario. The balance of the synthetic crude is sold to the general Shell Scotford Upgrader marketplace. Expansion One increased production by 100,000 What is Upgrading? barrels per day. Upgrading is the process of breaking large hydrocarbon molecules (such as bitumen) into smaller ones by increasing the hydrogen to carbon ratio. These upgraded crude oils are suitable feedstocks for refineries, which will process them into refined products like gasoline. Scotford’s upgrading process adds hydrogen to the bitumen, breaking up the large hydrocarbon molecules - this process is called hydrogen-addition or hydrogen-conversion. The original Upgrader completed in 2003 had a capacity of 155,000 barrels per day (bpd). Shell Expansion One will add 100,000 bpd. This project will start production in 2011. Most of the construction was completed in 2010. Economic Impact • Construction jobs: Peaked in 2010 at 12,000 workers on site.
  • 18 March 2020 the Manager Market Announcements Office Australian Securities Exchange Electronic Lodgment 2019 Annual Report

    18 March 2020 the Manager Market Announcements Office Australian Securities Exchange Electronic Lodgment 2019 Annual Report

    18 March 2020 The Manager Market Announcements Office Australian Securities Exchange Electronic lodgment 2019 Annual Report The attached document has been authorised for release by the Board of Viva Energy Group Limited. Julia Kagan Company Secretary Annual Report 2019 Our purpose Helping people reach their destination Viva Energy Group Limited ABN 74 626 661 032 Who we are Viva Energy is one of Australia’s leading energy companies with more than 110 years of operations in Australia. We refine, store and market specialty petroleum products across the country and we are the sole supplier of Shell fuels and lubricants in Australia. In 2019, we supplied approximately a quarter of Australia’s liquid fuel requirements to a national network of retail sites and directly to our commercial customers. We also operate a nationwide fuel supply chain, including the strategically located Geelong Refinery, an extensive import, storage and distribution infrastructure network, including a presence at over 50 airports and airfields. Our values Integrity The right thing always Responsibility Safety, environment, our communities Curiosity Be open, learn, shape our future Commitment Accountable and results focused Respect Inclusiveness, diversity, people We are proud to present our inaugural Reconciliation Action Plan (RAP) 2019–2021. See page 49 for details. 01 Viva Energy Group Limited Annual Report 2019 Contents About us 04 Financial report 79 Chairman and Chief Executive Officer’s report 06 Consolidated financial statements 80 Board of Directors 08 Notes to the consolidated financial statements 85 Executive Leadership Team 10 Directors’ declaration 135 Operating and financial review 13 Independent auditor’s report 136 Sustainability 32 Disclosures 143 Remuneration report 56 Additional information 146 Directors’ report 73 Corporate directory 149 Auditor’s independence declaration 78 About this Annual Report This Annual Report contains information on the operations, activities and entities.