CCS Enterprises (I) | Shell

Shell is exploring the possibility of establishing a Southeast Asian carbon capture and storage (CCS) hub to decarbonize the operations of its Singapore Energy and Chemicals Park and help third-party entities reduce their own emissions. More information: - 5. DAYA BAY Location: Huizhou City, Guangdong Province, China In 2022, Shell signed a memorandum of understanding with China National Offshore Oil Corporation (CNOOC), the Guangdong Provincial Development and Reform Commission, and ExxonMobil to assess the feasibility of constructing a CCS hub in the Daya Bay National Economic and Technological Development Zone, Huizhou City, Guangdong Province. The facility is expected to capture 10 million tonnes of CO₂ annually. If realized, this would become China’s first large-scale offshore CCS hub, helping reduce substantial CO₂ emissions from the Daya Bay zone and meeting local enterprises’ decarbonization needs. More information: Shell, CNOOC, Guangdong Government, ExxonMobil 6. NORTHERN CARNARVON Location: Off the northwest coast of Western Australia Shell, together with joint venture partners Woodside, BP, Chevron, and Mitsubishi Heavy Industries Group (MHI), has secured a greenhouse gas assessment permit for the Northern Carnarvon Basin off the northwest coast of Western Australia. This consortium is exploring the development of a large-scale CCS facility, with a theoretical annual CO₂ handling capacity of up to 5 million tonnes. More information: Northern Carnarvon 7. NORTHERN LIGHTS Location: Norway Shell Norway, TotalEnergies, and Equinor are jointly developing the Northern Lights project. This initiative aims to transport and permanently store CO₂—sourced from industrial plants in eastern Norway and other origins—in a reservoir beneath the North Sea. The project’s first phase is scheduled for completion by mid-2024, with an initial storage capacity of approximately 1.5 million tonnes of CO₂. According to data from the International Energy Agency, cement production accounts for roughly 7% of global CO₂ emissions. The Northern Lights project is collaborating with HeidelbergCement to help reduce its emissions. Additionally, in 2022, Northern Lights signed a letter of intent with Yara, a crop nutrition company, to provide transportation and storage services. Starting in 2024, Yara’s ammonia and fertilizer plant in the Netherlands is expected to collect, compress, and liquefy around 800,000 tonnes of CO₂ annually, which will then be shipped to Norway and permanently stored 2,600 meters below the North Sea seabed. More information: Northern Lights 8. ACORN PROJECT Location: Scotland Shell UK, Storegga, and Harbour Energy are co-partners in the Acorn Project, each holding a 30% stake; the North Sea Midstream Partners holds the remaining 10%.

Historical Post: The Past and Present of Oil Giant Shell

The Samuel family had already been engaged in the antique trade since the early 19th century—and seashells were among their key commodities, giving rise to the name 'Shell'. Due to import-export requirements, Shell Transport and Trading Company Limited was formally established in 1897. Fundamentally, the Samuel family’s Shell was a logistics company. So how did it come to partner with the long-established Dutch Royal Dutch Petroleum Company? Although the Dutch had earned the epithet 'the maritime coachmen of the world', they suffered defeat in the Fourth Anglo-Dutch War during the 18th century; by the 19th century, maritime trade was dominated by Britain. To achieve global commercial expansion, Royal Dutch Petroleum and Shell Transport and Trading Company merged in April 1907 to form 'The Royal Dutch Shell Group'. Royal Dutch held a 60% stake and oversaw oil production and refining, while the Samuel family held 40%, managing storage and transportation. At its founding, the company’s logo was not the instantly recognizable red-and-yellow cartoon-style shell we know today, but rather a plain black-and-white shell image. The evolution of Shell’s logo—and indeed its corporate color scheme—is yet another story altogether. By 1920, Shell had grown into the world’s largest oil company, with its chief rival being Standard Oil Company, Inc. of the United States—the company founded by John D. Rockefeller. Consequently, penetrating Standard Oil’s home market became a critical strategic challenge for Shell. Its earliest U.S. service stations were concentrated in California—a former Spanish colony where even today 28.3% of residents speak Spanish. Thus, Shell adopted the two primary colors of the Spanish flag—red and yellow—as the basis for its new logo and station livery. Later, Shell acquired several petroleum companies, including Mexican Eagle Petroleum Company and the Iraq Petroleum Company (IPC); due to space constraints, these acquisitions are not elaborated here. Over the decades, Shell has witnessed wars and peace, economic globalization, and financial crises—rising and falling repeatedly—to become the company we recognize today. Interestingly, this century-old Anglo-Dutch hybrid oil giant announced in November 2021 that it would abandon its dual-share structure, change its legal name from Royal Dutch Shell plc to Shell plc, and relocate its headquarters from the Netherlands to the United Kingdom. Importantly, this restructuring was not triggered by any financial crisis, but rather aimed at streamlining internal equity structures to enhance operational flexibility in global capital markets. With this move, Shell’s 'Dutch royal lineage' effectively vanished, transforming it into a purely British company. Having briefly outlined Shell’s history, let us now turn to its contributions to motorsport. When the words 'Shell' and 'racing' appear together, one legendary sports car brand immediately springs to mind among enthusiasts: Ferrari.

Shell Acquires 30% Stake in Equinor's Bay du Nord Project

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Shell has acquired a 30% non-operating interest in Equinor's Bay du Nord offshore project in Canada, with total investment estimated at 14 billion CAD and production expected by 2031.

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