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Shell appoints new head of downstream business

November 06/2019

MOSCOW (MRC) -- Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream businesss, the refining, trading and marketing operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy, according to Hydrocarbonprocessing.

Vigeveno, 50, previously led Shell's global commercial business and rose to prominence when he oversaw the integration of smaller rival BG Group after its USD53 billion acquisition in 2016.

His appointment comes several months after Wael Sawan replaced Andy Brown as head of the oil and gas production, or upstream, division.

Both Vigeveno and Sawan, together with Maarten Wetselaar who heads the Integrated gas division, are seen by many in the company as future candidates to eventually succeed Chief Executive Ben van Beurden.

Dutch national Vigeveno will replace John Abbott, who has headed the downstream division since 2013. Abbot led Shell's restructuring of refining and chemicals operations, which included selling refineries and stakes in joint ventures in Saudi Arabia and the United States to focus on hubs in the Netherlands, Singapore and the US Gulf Coast.

Shell has also expanded its retail business in recent years.

Together with its chemicals operations, the Anglo-Dutch company hopes downstream will become a major source of revenue as demand for plastics grows and consumers switch to higher-quality fuels and electric vehicles.

Vigeveno will assume his new role, and will also join Shell's executive committee, on Jan. 1.

As MRC wrote before, in mid-October 2019, Royal Dutch Shell Plc restarted the hydrocracker at its 225,300 barrel-per-day (bpd) Norco, Louisiana, refinery. The 40,000 bpd hydrocracker was shut on Sept. 9 for a planned month-long overhaul. A longer than expected restart of the unit stretched the outage to six weeks, the sources said.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,589,580 tonnes in the first nine months of 2019, up by 7% year on year.  Shipments of all PE grades increased. The estimated PP consumption in the Russian market was 976,790 tonnes in January-September 2019, up by 4% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP block copolymer, homopolymer PP, propylene, ethylene, petrochemistry, Shell, Russia, USA.
Category:General News
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