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Charley Rattan's picture
World Hydrogen Leader Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

  • Member since 2019
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  • May 1, 2020

Shell feeling the pain at the moment but the pivot towards renewables continues. Shell involved with Offshore wind and hydrogen in a number of mega projects including an interesting one off Groningen 


Dr Massey and I analyse the challenges -and opportunities - facing the oil and gas majors:

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Mark Silverstone's picture
Mark Silverstone on May 1, 2020

Thanks for bringing this article to our attention Charley, though I cannot access the whole text.

I think Shell may be on a good path forward, finally.  Their decision to cut back dividends, for the first time in our lifetimes, may be the pivotal moment.  Lets see how they use the money.

Charley Rattan's picture
Charley Rattan on May 5, 2020

Indeed, they will need to carry stakeholders with them as the energy transition gathers pace, and that will certainly include shareholders.

Mark Silverstone's picture
Mark Silverstone on May 5, 2020

I guess they decided that they can´t have it both ways, at least for this one quarter.  And the markets did, indeed, speak, though I find it hard to really perceive how loudly they spoke.  I know Shell did not do this with gusto! 

But, my perception is that they are sending a clear signal regarding the future. I believe that if they intended to simply carry on from this bust toward the next boom, as so on, they would have borrowed the cash and waited until the pain stopped. 

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