ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

RDSA Shell Plc

1,895.20
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:RDSA London Ordinary Share GB00B03MLX29 'A' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,895.20 1,900.20 1,900.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Shell Share Discussion Threads

Showing 351 to 359 of 3150 messages
Chat Pages: Latest  18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
22/4/2016
09:03
A tanker from Louisiana loaded with U.S. natural gas is en route to Portugal, the first shipment in a trade relationship that could shake up the European market.

The 970-foot long Creole Spirit, carrying liquefied natural gas, is expected to arrive by the end of April, according to shipping data and people familiar with the matter.

In Europe, American gas will add to a swell in supply in a crowded market long dominated by Russia. Analysts predict that the arrival of U.S. gas could trigger a price war, leading to lower prices for consumers that could act as a shot in the arm for the struggling European economy.

"It's the start of the price war between U.S. LNG and pipeline gas," said Thierry Bros, an analyst at Socié té Gé né rale.

The U.S. began selling Gulf Coast gas abroad for the first time in February, marking its emergence as a major exporter. After a yearslong effort by Houston-based Cheniere Energy, the first shipment went to Brazil, with subsequent cargoes heading to Asia.

Now, Portugal's energy company Galp Energia has bought the first European cargo from Cheniere's Sabine Pass facility, according to a person familiar with the transaction. The ship is estimated to arrive at the Port of Sines in Portugal on April 26, according to data from the port.

Galp and Cheniere representatives didn't respond to requests for comment.

Europe is expected to be a big market for American gas. The shale-gas boom has transformed the energy landscape in the U.S., and the country is now expected to become a net gas exporter in 2017.

Cheniere has signed long-term contracts with a number of European gas companies, including U.K.'s BG Group, which was acquired earlier this year by Royal Dutch Shell PLC, and Spain's Gas Natural.

In Europe, U.S. suppliers will square off with Russia, which currently supplies about a third of the continent's gas via pipeline. Germany, for example, gets half of its gas and Italy a third from Russia. Norway, Algeria and the Middle East are other major sources of gas for the continent.

Analysts say that Russia could cut the prices it charges its European customers to try to chase away the new U.S. competitors.

Russia's gas giant Gazprom said earlier this year that it wasn't planning a price war. But if U.S. LNG prices did fall, the company "would seek to cut its own costs," Gazprom's deputy chairman Alexander Medvedev said in February.

Pipeline gas is traditionally cheaper than LNG, because gas has to be liquefied, shipped and re-gasified at arrival. But many in Europe see the U.S. entry into the market as part of a broader geopolitical effort to challenge Russian domination of energy supplies and prices.

The impact of U.S. gas in Europe "will be gradual, but it does start to change everything," said Trevor Sikorski of London-based consultancy Energy Aspects. "The new LNG will put downward pressure on prices, and losing both volume and value could be a hard pill to swallow" for Russia.

Chester Dawson contributed to this article.

Write to Georgi Kantchev at georgi.kantchev@wsj.com



(END) Dow Jones Newswires

April 21, 2016 12:05 ET (16:05 GMT)

grupo guitarlumber
21/4/2016
11:12
good luck fella
waldron
21/4/2016
10:20
Sold out here and put it into ophir energy...
zcaprd7
20/4/2016
12:53
28 Apr 2016
First quarter 2016 results

maywillow
19/4/2016
16:49
Europe's Seven Oil Majors to Post 22% Drop in Profit, Fitch Says
Rakteem Katakey
rakteem
April 19, 2016 — 4:32 PM CEST



Lower 2016 earnings follow decline of 34% last year: Fitch
Fitch sees significant deterioration in credit metrics



European oil majors will report a combined 22 percent decline in earnings this year as lower profit from refining compounds the impact of the rout in crude prices, according to Fitch Ratings.

That will result in a “significant deterioration in credit metrics” for some of the seven biggest oil producers and follows a 34 percent drop in profit last year, Fitch said in a report on Tuesday. The decline in earnings is “severe, but not disastrous,” given the plunge in crude, it said.

The slump since the middle of 2014 has crimped earnings and forced oil companies to cut costs, defer projects and dismiss employees to protect their balance sheets. While Fitch downgraded Royal Dutch Shell Plc in February after its acquisition of BG Group Plc and cut Eni SpA’s rating this month, following a worse-than-expected performance in refining and gas, the ratings company said it will look beyond this year’s earnings before taking further action.

“We therefore focus more on 2018, when we expect the cycle to be past its trough, and by which time companies will have been able to adjust their operating profiles to a more challenging oil price environment,” Fitch said.

Negative Outlook

The ratings company said the outlook for Shell, Total SA, OMV AG and Repsol SA remained negative.

“Maintaining the ratings will depend on companies being able to successfully implement the spending and disposal plans we currently assume, or on a stronger than assumed oil price recovery,” it said. Fitch assumes oil will average $35 a barrel this year and rise to $55 in 2018, according to Tuesday’s statement.

BP Plc is scheduled to announce first-quarter earnings on April 26, with Total SA reporting the following day. Eni will report on April 29 and Shell on May 4.
Before it's here, it's on the Bloomberg Terminal.

the grumpy old men
17/4/2016
18:25
Apr 17, 2:11 PM EDT

Oil meeting in Qatar ends without freeze as Iran absent

By JON GAMBRELL
Associated Press
AP Photo
AP Photo/Jon Gambrell

Palmyra Residents Salvage What They Can

AP

Polar Bear Cub, Nora, Makes Debut at Ohio Zoo

AP

NBA: North Carolina LGBT Law 'Problematic'

AP

Palmyra Residents Salvage What They Can

AP

Polar Bear Cub, Nora, Makes Debut at Ohio Zoo

AP

More videos:

Polar Bear Cub, Nora, Makes Debut at Ohio Zoo
NBA: North Carolina LGBT Law 'Problematic'
Palmyra Residents Salvage What They Can
Polar Bear Cub, Nora, Makes Debut at Ohio Zoo
NBA: North Carolina LGBT Law 'Problematic'
Palmyra Residents Salvage What They Can
Polar Bear Cub, Nora, Makes Debut at Ohio Zoo
NBA: North Carolina LGBT Law 'Problematic'
Palmyra Residents Salvage What They Can

Interactives
Producers Tap Old Wells in Search of Oil

DOHA, Qatar (AP) -- Oil-rich nations at Qatar summit say they need "more time" before agreeing to a production freeze.

The decision came hours after the meeting began in Doha, the Qatari capital.

Eighteen oil-producing nations were at the Doha summit, with OPEC member Iran sitting out the meeting.

Those in Qatar discussed a proposed freeze on crude oil production to January levels as a means to increase global oil prices, which are just over $40 a barrel after being more than $100 in mid-2014.

Iran has pledged to keep increasing its production to pre-sanctions levels after the nuclear deal with world powers, incensing its regional rival Saudi Arabia.

la forge
15/4/2016
19:03
28 Apr 2016
First quarter 2016 results

ariane
14/4/2016
22:11
Best oil deal from Doha likely to underwhelm
Patti Domm | @pattidomm
1 Hour AgoCNBC.com
10
SHARES

















8
COMMENTSJoin the Discussion
Saudi Arabian Deputy Crown Prince Mohammad bin Salman.
Dursun Aydemir | Andalou Agency | Getty Images
Saudi Arabian Deputy Crown Prince Mohammad bin Salman.

Despite the hype, this weekend's meeting of oil producing nations in Doha, Qatar, may result in a flimsy agreement with no real impact on crude supply.

Oil prices have gained sharply over the past two months on high hopes that the Sunday meeting of OPEC and non-OPEC countries will result in a deal to freeze crude production at January levels. But oil analysts now expect to see what seems more like the outlines of a deal, rather than an accord itself.

"I think it will be a very loosely worded agreement," said John Kilduff of Again Capital. "I think it's going to be transparent there is no deal."

Edward Morse, Citigroup global head of commodities research, said there could be an accord but it will lack in detail and commitment. "I think at best, it's going to a very soft agreement," he said. Morse said the group could also announce that it has a follow-up meeting, but no binding deal is expected.

Read MoreOPEC: Oil to boost summer driving season

Oil prices have risen about 60 percent since Russia, Saudi Arabia, Qatar and Venezuela agreed in February to freeze output if other producers would join them. Russia's energy minister, Alexander Novak, reportedly told a closed-door briefing of energy analysts this week that a deal would be more of a framework, without specifics.

"I do not expect to see a firm agreement coming from Sunday's meeting. I think kicking it down the road to some future deal is the best we're going to get ... kicking it down the road and hoping the oil market fundamentals improve enough," said Chris Weafer, senior partner at Macro-Advisory. "When this started, the oil price had dipped below $30. They had to do something and creating optimism has worked very well, and it has had traders building long positions."

The sharp drop in oil prices has stung producing nations, creating budget shortfalls which have forced spending cuts and brought on credit downgrades. From Moscow to Riyadh, no producer has gone unharmed.

That also includes the U.S. shale industry, which operates based on the drivers of supply and demand, and the availability of financing, as opposed to a government dictate. The hit from months of falling oil prices has finally shown up in U.S. production, which was under 9 million barrels a day last week for the first time since late 2014.

Read MoreU.S. oil output drop is 'buying time'

The International Energy Agency on Thursday said that the expected drop-off in U.S. production was beginning to accelerate, and that the oil market could get close to being balanced in the second half of the year. The IEA also said if the producing nations do agree to a freeze, the impact would be much more limited than an output cut.

The U.S. industry is also seeing stockpiles grow but it has now begun refinery maintenance season, typically a period of lower oil demand as refineries get ready to switch to summer gasoline production. It is also called the shoulder season.

Read MoreThis Saudi millennial could scuttle oil deal

The focus in recent weeks has been on the tensions between Iran and Saudi Arabia, and those concerns picked up when Saudi Arabian Deputy Crown Prince Mohammad bin Salman said the kingdom would not participate in a freeze unless other nations also did.

But Iran on the other hand, has said it will not abide by a production cut, as it is working to bring oil back on the market, now that is no longer being sanctioned. The IEA said Iran's March output was 400,000 barrels a day higher than it was at the start of the year, and Iran has said it wants to add a total of a million barrels this year.

"It would be extremely difficult for the Saudis to say 'We're absolutely freezing this hard and fast,'" Morse said.

Barclays' head of energy commodities research, Michael Cohen, said he expects Saudi Arabia's oil officials will have a plan before they arrive in Doha. Saudi Arabia was the driver behind OPEC's 2014 decision to let the market set the price of oil, in an effort to maintain its market share and knock out high-priced producers, like U.S. shale.

Read MoreThis country could drive oil demand growth

"I think the likelihood is they'll have all their ducks in a row. The Saudis will all know what they're allowed to say and it will have been sanctioned all the way to the top," said Cohen. "If the Saudis were having cold feet, this meeting would already be canceled."

The stakes are high for producers to leave Doha with the appearance of an accord, so that oil prices do not collapse again. But bin Salman, who controls the Saudi oil operations, is a relative unknown and it has been unclear whether he would dig in if Iran refuses to budge on output.

Read MoreThe 30-year-old prince who is changing the world

Cohen said he doesn't expect the meeting to fall apart. "I think the more likely scenario is we get a vague agreement and everyone signs on and everyone is happy and they buy themselves time to get through the shoulder season," he said.

The statement will be less important than the comments from producers, Cohen said. "They have to have something so it's likely to be vague and the market has very low expectations, so our view is that given their very low expectations, it's important to keep in mind that you're getting a bunch of producers together in Doha, and if they start speaking to the press they're likely to have bullish statements about the market adjusting and their output not increasing."

West Texas Intermediate futures settled at $41.50 per barrel Thursday, down 0.6 percent. Given the low expectations for the meeting, there are mixed projections for what will happen to oil prices after the weekend.

"I think it's negative," said Kilduff. "I think the market has rewarded them richly for action and inaction will be punished." Kilduff said he expects the deal to be light on details.

Morse said the language used by producers will make a difference to the oil price, which he said is more likely to fall after the meeting. "It very much depends on the statement," he said.
Patti Domm
Patti DommCNBC Executive News Editor

waldron
14/4/2016
06:42
Cost cutting must be collaborative: Technip boss

Peter Klinger - The West Australian on April 14, 2016, 9:29 am

Video Inside the Gorgon project
Share Tweet Email

Technip, one of the oil and gas world's biggest contractors and technology leaders, has likened the industry's hurried approach to cost cutting to the campaign several decades ago to improving safety.

And, says Technip chief executive Thierry Pilenko, what is required now to transform the energy sector's cost structure is a change of behaviour.

RELATED ARTICLES:
Woodside oil project firms
Minister hedges his bets on Browse
joins in Asia advance
Woodside in Indon LNG supply deal

Collaboration must be front and centre, he said.

Addressing the LNG18 confence in Perth this morning Mr Pilenko, whose company is heavily involved building the world's first two floating LNG vessels - for Shell (Prelude) and one for Malaysia's Petronas - said the first round of cost cutting had focused on procurement.

"Now this is very short term because the gains can be significant but they cannot be sustained unless we change the way we work," Mr Pilenko said.

"It means working together in a much more collaborative manner.

"But the reality is we are still in that short-term phase which is procurement drive, not collaboration driven."
Technip chief executive Thierry Pilenko speaks at LNG18 this morning. Picture: Nic Ellis/The West Australian.

Mr Pilenko cited the gradual improvement in the industry's safety standards, at the health, safety and environment (HSE) level, as a guide to what needed to happen to transform the cost base.

He said there were three phases in transforming safety - first, technology and standards were improved, then came HSE management systems, and now improved behaviour.

"The third step is here now because it's happening together (with other industry players, across the board)," he said.

"We had a common driver which was we don't want to hurt, we don't want to hurt the environment.

"I don't think we will achieve the cost change unless we have leadership all the way down."

ariane
Chat Pages: Latest  18  17  16  15  14  13  12  11  10  9  8  7  Older

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com