2015 Shell Annual Report and Form 20-F
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Nynas Annual Report 2019 the Year in Brief
Brilliant ideas to make the most of every drop of oil Annual Report 2019 Contents The year in Brief ................................................ 3 Message from the CEO .................................... 4 This is how we do it ......................................... 6 Board of Directors’ Report ............................ 8 Sustainable Development report .............21 Corporate Governance ................................. 27 Board of Directors............................................ 32 Group Executive Committee ...................... 33 Multi-year overview ........................................ 34 Financial Statements ..................................... .35 Accounting policies ......................................... 45 Contents Notes ................................................. 52 Notes ...................................................................... 53 Assurance ............................................................ 99 Auditor’s report ..............................................100 Definitions and reconciliations of alternative performance measures ..... 102 The formal annual report comprises page 8 to 100. NYNAS ANNUAL REPORT 2019 THE YEAR IN BRIEF 2019 – a challenging year for Nynas › Net sales during the year amounted to SEK 16,841 › Following intensive research, Nynas launched the million (16,863). Sales volumes for Naphthenics non-mineral based NYTEX® BIO 6200 tyre oil in decreased by 2 per cent on 2018 actuals, mainly March. A product developed to help customers explained by impact of sanctions. -
SUSTAINABILITY REPORT ROYAL DUTCH SHELL PLC SUSTAINABILITY REPORT 2011 I Shell Sustainability Report 2011 Introduction
SUSTAINABILITY REPORT ROYAL DUTCH SHELL PLC SUSTAINABILITY REPORT 2011 i Shell Sustainability Report 2011 Introduction CONTENTS ABOUT SHELL INTRODUCTION Shell is a global group of energy and petrochemical companies employing 90,000 people in more than 80 i ABOUT SHELL countries. Our aim is to help meet the energy needs of 1 INTRODUCTION FROM THE CEO society in ways that are economically, environmentally and socially responsible. OUR APPROACH Upstream 2 BUILDING A SUSTAINABLE ENERGY FUTURE Upstream consists of two organisations, Upstream International and Upstream Americas. Upstream searches for and recovers oil 3 SD AND OUR BUSINESS STRATEGY and natural gas, extracts heavy oil from oil sands for conversion 4 SAFETY into synthetic crudes, liqueƂ es natural gas and produces synthetic oil products using gas-to-liquids technology. It often works in joint 5 COMMUNITIES ventures, including those with national oil companies. Upstream 6 CLIMATE CHANGE markets and trades natural gas and electricity in support of its business. Our wind power activities are part of Upstream. Upstream 8 ENVIRONMENT International co-ordinates sustainable development policies and 9 LIVING BY OUR PRINCIPLES social performance across Shell. Downstream OUR ACTIVITIES Downstream manufactures, supplies and markets oil products and 10 SUSTAINABLE DEVELOPMENT IN ACTION chemicals worldwide. Our Manufacturing and Supply businesses include reƂ neries, chemical plants and the supply and distribution 11 KEY PROJECTS of feedstocks and products. Marketing sells a range of products 12 DELIVERING ENERGY RESPONSIBLY including fuels, lubricants, bitumen and liqueƂ ed petroleum 12 Natural gas gas for home, transport and industrial use. Chemicals markets 15 The Arctic petrochemicals for industrial customers. -
Reports of Cases
Report s of C ases JUDGMENT OF THE GENERAL COURT (Sixth Chamber) 27 September 2012 * (Competition — Agreements, decisions and concerted practices — Netherlands market in road pavement bitumen — Decision finding an infringement of Article 81 EC — Imputability of the unlawful conduct — Fines — Cooperation during the administrative procedure — Significant added value — Equal treatment) In Case T-347/06, Nynäs Petroleum AB, established in Stockholm (Sweden), Nynas Belgium AB, established in Stockholm, represented by A. Howard, Barrister, M. Dean and D. McGowan, Solicitors, applicants, v European Commission, represented by F. Castillo de la Torre, acting as Agent, and by L. Gyselen, lawyer, defendant, APPLICATION, principally, for annulment of Commission Decision C(2006) 4090 final of 13 September 2006 relating to a proceeding under Article 81 [EC] (Case COMP/F/38.456 — Bitumen (Netherlands)) and, in the alternative, for reduction of the fine imposed on the applicants by that decision, THE GENERAL COURT (Sixth Chamber), composed of M. Jaeger, President, N. Wahl and S. Soldevila Fragoso (Rapporteur), Judges, Registrar: N. Rosner, Administrator, having regard to the written procedure and further to the hearing on 15 June 2011, gives the following * Language of the case: English. EN ECLI:EU:T:2012:480 1 JUDGMENTOF 27. 9. 2012 — CASE T-347/06 NYNÄS PETROLEUM ET NYNAS BELGIUM v COMMISSION Judgment The facts 1 The Nynas group’s activity is essentially the production and marketing of bitumen and naphthenic oils. Nynäs Petroleum AB (‘Nynäs AB’), the parent company of the Nynas group, which is located in Sweden, carried on its activities in the bitumen sector in continental Europe through the Belgian company Nynas NV/SA (‘Nynas NV’), which it wholly owned and which produced bitumen in a refinery located in Antwerp (Belgium) and marketed some of it in the Netherlands. -
UK Offshore Oil and Gas
House of Commons Energy and Climate Change Committee UK offshore oil and gas First Report of Session 2008–09 Volume II Oral and written evidence Ordered by The House of Commons to be printed date 17 June 2009 HC 341-II Published on date 30 June 2009 by authority of the House of Commons London: The Stationery Office Limited £16.50 The Committee Name The Energy and Climate Change Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department of Energy and Climate Change and associated public bodies. Current membership Mr Elliot Morley MP (Labour, Scunthorpe) (Chairman) Mr David Anderson MP (Labour, Blaydon) Colin Challen MP (Labour, Morley and Rothwell) Nadine Dorries MP (Conservative, Mid Bedfordshire) Charles Hendry MP (Conservative, Wealden) Miss Julie Kirkbride MP (Conservative, Bromsgrove) Anne Main MP (Conservative, St Albans) Judy Mallaber MP (Labour, Amber Valley) John Robertson MP (Labour, Glasgow North West) Sir Robert Smith MP (Liberal Democrats, West Aberdeenshire and Kincardine) Paddy Tipping MP (Labour, Sherwood) Dr Desmond Turner MP (Labour, Brighton Kemptown) Mr Mike Weir MP (Scottish National Party, Angus) Dr Alan Whitehead MP (Labour, Southampton Test) Powers The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publication The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. All publications of the Committee (including press notices) are on the Internet at www.parliament.uk/parliamentary_committees/ecc.cfm. -
Not for Quotation Without Permission of the Author
NOT FOR QUOTATION WITHOUT PERMISSION OF THE AUTHOR DECISION CASE STUDY UNITED KINGDOM MOSSMORRAN-BWFOOT BAY Sally M. Macgill July 1982 CP-82- 4 0 Collaborative Papers report work which has not been performed solely at the International Institute for Applied Systems Analysis and which has received only limited review. Views or opinions expressed herein do not necessarily represent those of the Insti- tute, its National Member Organizations, or other organizations supporting the work. INTERNATIONAL INSTITUTE FOR APPLIED SYSTEMS ANALYSIS 2361 Laxenburg, Austria CONTENTS CHAPTER 1 : INTRODUCTION 1.1. Perspective 1.2. Status of Report 1.3. Outline CHAPTER 2 : THE DECISION STRUCTURE 2.1. Context for the Developments 2.2. Site Choice 2.3. The Main Parties to the Decision 2.4. The Main Events in the Decision Process CHAPTER 3: THE DIMENSIONS OF THE DECISION 3.1. Statement of Dimensions 3.2. National Benefits 3.3. Local Socio-Economic Benefits 3.4. Health and Safety Aspects 3.5. Environmental Impacts CHAPTER 4 : PARTY PERSPECTIVES ON VARIOUS DIMENSIONS 4.1. Overview of Conflicts 4.2. The Oil Companies: Shell and Esso 4.2.1. National Benefits 4.2.2. Local Socio-Economic Benefits 4.2.3. Health and Safety 4.2.4. Environment 4.3. The Scottish Development Department 4.4. Departments of Energy and Industry 4.5. The Local Authorities: Fife, Dunfermline and Kirkcaldy 4.5.1. National Benefits 4.5.2. Local Socio-Economic Effects 4.5.3. Health and Safety 4.5.4. Environment 4.6. The Forth Ports Authority 4.7. The Health and Safety Executive 4.8. -
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. -
A Comparative History of Oil and Gas Markets and Prices: Is 2020 Just an Extreme Cyclical Event Or an Acceleration of the Energy Transition?
April 2020 A Comparative History of Oil and Gas Markets and Prices: is 2020 just an extreme cyclical event or an acceleration of the energy transition? Introduction Natural gas markets have gone through an unprecedented transformation. Demand growth for this relatively clean, plentiful, versatile and now relatively cheap fuel has been increasing faster than for other fossil fuels.1 Historically a `poor relation’ of oil, gas is now taking centre stage. New markets, pricing mechanisms and benchmarks are being developed, and it is only natural to be curious about the direction these developments are taking. The oil industry has had a particularly rich and well recorded history, making it potentially useful for comparison. However, oil and gas are very different fuels and compete in different markets. Their paths of evolution will very much depend on what happens in the markets for energy sources with which they compete. Their history is rich with dominant companies, government intervention and cycles of boom and bust. A common denominator of virtually all energy industries is a tendency towards natural monopoly because they have characteristics that make such monopolies common. 2 Energy projects tend to require multibillion – often tens of billions of - investments with long gestation periods, with assets that can only be used for very specific purposes and usually, for very long-time periods. Natural monopolies are generally resolved either by new entrants breaking their integrated market structures or by government regulation. Historically, both have occurred in oil and gas markets.3 As we shall show, new entrants into the oil market in the 1960s led to increased supply at lower prices, and higher royalties, resulting in the collapse of control by the major oil companies. -
SHEIKH THANI BIN THAMER AL-THANI Chief Executive Officer, ORYX GTL
SPRING 2016 SHELL ECONOMIC | SOCIAL | ENVIRONMENTAL | HUMAN INTERVIEW WITH SHEIKH THANI BIN THAMER AL-THANI Chief Executive Officer, ORYX GTL ALSO IN THIS ISSUE... SUCCESSFUL QATARI CAREERS Osama Ahmed Alaa Hassan GTL PRODUCTS FOR THE WORLD GTL Fuel – Synthetic Diesel Pureplus Lubricants for Ducati 4 FOREWORD It is my sincere pleasure to welcome you to the East, further cementing our partnership with Spring 2016 edition of Shell World Qatar. Qatargas and the State of Qatar. With the year well underway, we continue to Our contributions to the State of Qatar extend find ourselves in challenging times and across well beyond our assets and projects. Despite the the board we are feeling the consequences of pressure of continued low oil prices we have still sustained low oil prices. As an organisation had many opportunities to engage with a broad we continue to seek efficiencies and range of Qatari stakeholders during the first part areas where we can reduce our operating of 2016. Events have included partnering with expenditure without comprising Safety, Asset the Qatar Leadership Centre, participating in Integrity and Reliability. National Sports Day, supporting the GCC Traffic Week, our technology collaboration with local We also remain wholly committed to quality universities and our ongoing work on to support Qatarisation. We are serious about the entrepreneurship in Qatar. These are just a few development and training of the many Qataris examples of the wider contributions that give that have chosen to work for Qatar Shell additional purpose to our work. and are building a cadre of Qatari leaders at all levels in the company. -
Prices and Crisis – LNG and Australia's East Coast Gas Market
March 2018 Prices and crisis: LNG and Australia’s East Coast gas market Introduction In 2017, a gas crisis emerged in Australia’s East Coast gas market. Gas prices had increased rapidly from mid-2016 as the full effect of the three LNG projects starting operations on Curtis Island worked through the gas market, putting domestic energy users under pressure. In March 2017, the Australian Energy Market Operator (AEMO) forecast gas shortages in coming years, potentially leading to blackouts and industrial closures. While gas shortages are no longer forecast, challenges in the East Coast gas market remain. This paper examines recent events in Australia’s East Coast gas market, the challenges ahead, and the relevance of these developments for other countries.1 The paper identifies three phases in the East Coast gas market’s recent history. Firstly, between 2010 and mid-2016, prices in the East Coast gas market rose gradually, driven by LNG netbacks and the rising cost of gas production. Then, between mid-2016 and mid-2017, prices climbed above export parity levels, as gas that was previously being supplied to domestic consumers (both by LNG projects and by other producers) was diverted for export, leading to a deterioration in competition in the domestic market. Finally, as of mid-2017, prices appear to have stabilised around export parity levels,2 with LNG projects and other producers increasing gas sales to the domestic market. The episode of high prices during much of 2016 and 2017 highlights the impact that LNG projects can have on domestic gas prices on Australia’s East Coast. -
The Impact of Removing Tax Preferences for U.S. Oil and Gas Production
DISCUSSION PAPER The Impact of Removing Tax Preferences for U.S. Oil and Gas Production Gilbert E. Metcalf August 2016 The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing the United States and other countries. Founded in 1921, CFR carries out its mission by maintaining a diverse membership, with special programs to promote interest and develop expertise in the next generation of foreign policy leaders; convening meetings at its headquarters in New York and in Washington, DC, and other cities where senior government officials, members of Congress, global leaders, and promi- nent thinkers come together with CFR members to discuss and debate major international issues; sup- porting a Studies Program that fosters independent research, enabling CFR scholars to produce arti- cles, reports, and books and hold roundtables that analyze foreign policy issues and make concrete policy recommendations; publishing Foreign Affairs, the preeminent journal on international affairs and U.S. foreign policy; sponsoring Independent Task Forces that produce reports with both findings and policy prescriptions on the most important foreign policy topics; and providing up-to-date infor- mation and analysis about world events and American foreign policy on its website, CFR.org. The Council on Foreign Relations takes no institutional positions on policy issues and has no affiliation with the U.S. government. All views expressed in its publications and on its website are the sole responsibility of the author or authors. -
Corporate Tax Avoidance Submission
name jurisdiction_dincorporation_date ibcRUC node_id sourceID 1 ESSO (BM-S-EIGHT) BRAZIL EXPLORATION LIMITED Bahamas 19-Jul-06 144579B 20144579 Bahamas Leaks 2 ESSO (BM-S-ELEVEN) BRAZIL EXPLORATION LIMITED Bahamas 11-Aug-06 144827B 20144827 Bahamas Leaks 3 ESSO (BM-S-NINE) BRAZIL EXPLORATION LIMITED Bahamas 11-Aug-06 144831B 20144831 Bahamas Leaks 4 ESSO (BM-S-TEN) BRAZIL EXPLORATION LIMITED Bahamas 11-Aug-06 144830B 20144830 Bahamas Leaks 5 ESSO (BM-S-TWENTY TWO) BRAZIL EXPLORATION LIMITED Bahamas 25-Jan-00 102571B 20102571 Bahamas Leaks 6 ESSO (BM-S-TWENTY-FOUR) BRAZIL EXPLORATION LIMITED Bahamas 11-Aug-06 144829B 20144829 Bahamas Leaks 7 ESSO (BM-S-TWENTY-ONE) BRAZIL EXPLORATION LIMITED Bahamas 11-Aug-06 144828B 20144828 Bahamas Leaks 8 ESSO (ROUND NINE) BRAZIL EXPLORATION LIMITED Bahamas 2-Nov-07 151113B 20151113 Bahamas Leaks 9 ESSO ANGOLA (THIRTY) LIMITED Bahamas 1-Sep-99 95609B 20095609 Bahamas Leaks 10 ESSO ANGOLA (TWENTY EIGHT) LIMITED Bahamas 1-Sep-99 95607B 20095607 Bahamas Leaks 11 ESSO ANGOLA (TWENTY NINE) LIMITED Bahamas 1-Sep-99 95608B 20095608 Bahamas Leaks 12 ESSO ANGOLA (TWENTY SEVEN) LIMITED Bahamas 1-Sep-99 95606B 20095606 Bahamas Leaks 13 ESSO ANGOLA (TWENTY SIX) LIMITED Bahamas 1-Sep-99 95610B 20095610 Bahamas Leaks 14 ESSO ANGOLA GAS COMPANY LIMITED Bahamas 16-Jan-01 117958B 20117958 Bahamas Leaks 15 ESSO ANGOLA INVESTMENTS LIMITED Bahamas 20-Aug-01 120962B 20120962 Bahamas Leaks 16 ESSO BOLIVA LIMITED Bahamas 11-Aug-95 35376B 20035376 Bahamas Leaks 17 ESSO BRAZIL INVESTMENTS LIMITED Bahamas 30-Nov-00 116707B 20116707 -
Changing LNG Market Dynamics – Implications on Supply Security in the APEC Region
Changing LNG Market Dynamics – Implications on Supply Security in the APEC Region APEC Oil and Gas Security Studies | Series 17 APEC Energy Working Group September 2020 APEC Project: EWG 01 2020S Produced by Asia Pacific Energy Research Centre (APERC) Institute of Energy Economics, Japan Inui Building, Kachidoki 11F, 1-13-1 Kachidoki Chuo-ku, Tokyo 104-0054 Japan Tel: (813) 5144-8551 Fax: (813) 5144-8555 E-mail: [email protected] (administration) Website: http://aperc.or.jp/ For Asia-Pacific Economic Cooperation Secretariat 35 Heng Mui Keng Terrace Singapore 119616 Tel: (65) 68919 600 Fax: (65) 68919 690 Email: [email protected] Website: www.apec.org © 2020 APEC Secretariat APEC#220-RE-01.9 ISBN: 978-981-14-7794-2 OGSS Series 17 Changing LNG Market Dynamics – Implications on Supply Security in the APEC Region 3 | P a g e TABLE OF CONTENTS Table of Contents .......................................................................................................................... 3 Foreword ....................................................................................................................................... 6 Acknowledgements ....................................................................................................................... 7 Project coordinators .................................................................................................................. 7 Authors ...................................................................................................................................... 7 Editors