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Energy Roundup: Shell's Shakeup, Energy Use Rising, GE Adds to Cleantech and More

By Chris Morrison | May 27, 2009

Shell shakeup causes layoffs, efficiency measures — New Royal Dutch Shell CEO Peter Voser will preside over a division of Shell’s upstream business into separate Americas and international units, and see off hundreds to several thousand employees. Linda Cook, the gas and power chief passed over in favor of Voser, also resigned. The company envisions an overall reorganization that will speed decision-making. [Source: New York Times]

World energy use rising, alternatives to play — The world’s energy demands will rise 44 percent and its CO2 emissions 39 percent by 2030 unless action is taken to curb both, according to the US Energy Information Administration’s latest report. With supplies of easily accessible oil and gas dwindling, the EIA also expects that alternatives like oil sands and coal-to-liquid processes will flourish. [Source: The Guardian, Oil & Gas Journal]

Exxon CEO skeptical of hydrocarbon alternatives for next century — It will take a hundred years or more to develop viable renewable alternatives to oil, coal and natural gas, according to Exxon Mobil CEO Rex Tillerson, speaking at the company’s annual shareholder meeting. Tillerson also reiterated his stance that a carbon tax would be better than cap-and-trade, which the United States is in the process of instituting. [Source: Bloomberg]

GE notches up cleantech spending — The Ecomagination unit of General Electric will spend up to $1.5 billion on cleantech research and development next year, it said in an annual report. The unit’s biggest business is in wind turbines, but it also has its fingers in most other segments of the industry, including solar power and energy efficiency. [Source: Reuters]

Kazakh nuclear executives arrested – Several executives at state-run firm KazAtomProm in Kazakhstan have been arrested for allegedly selling off large uranium deposits to unknown investors for the equivalent of several hundred dollars apiece. The country’s overall uranium resources amount to about 15 percent of the world total. [Source: World Nuclear News]

Hemlock starts up new polysilicon plant — The first phase of Hemlock Semiconductor’s expansion of a polysilicon plant in Hemlock, MI has opened, adding 8,500 metric tons of the resource per year. When the full 36,000 metric ton facility is operational in 2010, it should help to prevent a repeat of the silicon shortage that recently made conventional solar panels excessively expensive. [Source: PV-tech]

Chris Morrison, a reporter on energy, renewables and climate change, is the former lead cleantech writer for VentureBeat. Follow him on Twitter.

BNET User Analysis

Web Buzz:
  • Big Shell Shakeup Puts Jobs at Risk

    BusinessWeek - 180 days 8 hours 17 minutes ago

    By Sarah Arnott Hot on the heels of the surprise resignation of top executive Linda Cook, Shell's (RDSA) in-coming chief executive Peter Voser announced major restructuring plans yesterday that could cut thousands of rank-and-file jobs. Some 24,000 staff at the Anglo-Dutch oil giant will be affected by the changes, with job losses expected to be...

  • Collateral damage

    Financial Times - 181 days 23 hours 35 minutes ago

    Leadership contests inevitably have losers, but the news that Linda Cook, passed over for the top job at Royal Dutch Shell, will leave the company has consequences beyond the energy sector. Her departure leaves Shell with just one woman on its 15-member board and underscores the paucity of women at the top of UK corporations. Just 11.7 per cent...

  • 10,000 jobs threatened by Shell cuts

    The Australian - 181 days 1 hour 27 minutes ago

    MORE than 10,000 jobs at Royal Dutch Shell are under threat as Peter Voser, the oil giant's new chief executive, announced a radical shake-up of the company

  • Shell names new finance chief

    MarketWatch - 257 days 17 hours 54 minutes ago

    LONDON (MarketWatch) -- Oil giant Royal Dutch Shell on Thursday named Simon Henry as its next chief financial officer, succeeding Peter Voser who is set to become the group's chief executive in July. Henry is currently the executive vice president of finance in Shell's international exploration and production division. He joined the company in...

  • Shell to shy away from wind, solar energy

    MarketWatch - 252 days 14 hours 49 minutes ago

    LONDON (MarketWatch) -- Royal Dutch Shell (RDS.A:RDS.ANews , chart , profile , moreLast:Delayed quote dataAdd to portfolioAnalystCreate alertInsiderDiscussFinancialsSponsored by:, , ) (UK:RDSA:UK:RDSANews , chart , profile , moreLast:Delayed quote dataAdd to portfolioAnalystCreate alertInsiderDiscussFinancialsSponsored by:, , ) isn't looking to...

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