Shell Share Discussion Threads

[waldron] 19/3/2018 10:55

BP
465.55 -1.73%



Shell A
2,185 -1.29%



Shell B
2,217 -1.40%


Total
46.59 -2.49%

[waldron] 19/3/2018 08:37

BP
470.15 -0.76%



Shell A
2,199 -0.66%



Shell B
2,230.5 -0.80%



Total
46.86 -1.93%

[la forge] 18/3/2018 08:35

Business News
March 15, 2018 / 10:17 PM / Updated an hour ago
Shell sells New Zealand interests to Austria's OMV

[la forge] 18/3/2018 08:33

End of New Exploration Could Mean filling a Large Energy Gap
Energy and Environment NZ Sunday, 18 March 2018, 5:47 pm
Article: NZ Energy and Environment Business Week

A high profile campaign to end oil and gas exploration immediately is coinciding with a number of senior ministers seriously contemplating either ending or putting some roadblocks in the way of any new exploration.

The Greenpeace-led campaign would have a number of implications if successful. Politically it may be popular in many circles, however it would get a very bad reaction from those who have spent millions (and still plan to spend more ) in what is a legal activity which was encouraged by the last government.

However, even an indication of intent such as the end of the Block Offer process or other regulatory moves may be enough to kill off any exploration in the near future anyway. Oil and gas exploration is already an expensive risky business and many of those with the money and risk-appetite have fled NZ in recent years. This is partly due to oil prices and cheaper, less risky opportunities elsewhere in the world.

Those arguing for the ban say it will send a message to the world about addressing climate change and the need to not use even existing reserves of fossil fuels, let alone seek out new reserves. They cite Prime Minister Jacinda Ardern’s commitment to make climate change the nuclear-free moment of her generation. A cynic would say very few countries followed NZ’s nuclear ban.

Supporters say a ban would enforce a move to clean energy. This is certainly true. A ban on exploration would mean there is no chance of replacing the Taranaki gas fields with a domestic source of supply. Estimates vary but the Petroleum Exploration and Production Association say NZ will run out of natural gas in 10 years. There is no guarantee of finding an economic gas supply in NZ in the coming years, and with no chance of this people will have to start thinking very quickly about how to bridge the energy gap. Many rely on gas and either this will have to be imported or there will need to be a massive investment in new energy sources and converting systems to accommodate them. This will be a very expensive prospect for the government, businesses and households.

PEPANZ says a ban would shift production overseas with this then imported to supply NZ. It would have no effect on the oil drilled or used around the globe. The Sustainable Energy Association is more optimistic and believes electric vehicles, solar PV, battery storage, and energy management systems can play a key role in bridging the gap.

Either direction the Government takes there are some serious challenges ahead. Climate change policy is having little impact on NZ’s emissions. Energy Minister Megan Woods has also echoed the fears of others that the direction of energy technology is heading towards greatly favouring the wealthy and punishing the poor. New technology’s offer new opportunities, but there are concerns about whether systems can cope with them.

Article originally published in the NZ Energy and Environment Business Alert on March 14.

Energy and Environment is a weekly newsletter for the environmental and energy sectors covering politics, parliament, policy and industry news. All inquiries to [e-mail].

[grupo guitarlumber] 17/3/2018 07:31

Crude spike on Friday blamed on 'sideways trading'
By Jessica Summers on 3/16/2018

NEW YORK (Bloomberg) -- Crude ended Friday higher after a curious, late-morning spike left analysts scratching their heads.

The market was little changed during morning hours of trading, but rocketed upwards just before 11:30 a.m. in New York, with no news catalyst identified by traders and analysts. The U.S. benchmark crude ended the session 1.9% higher on Friday, driving futures to post a 0.5% rise this week.

“When the market falls into sideways trading in a band, you get a lot of price fluctuations that you have to turn a blind eye to,” said Gene McGillian, a market research manager at Tradition Energy in Stamford, Connecticut. “This area between $58 and $64, the market inside that, is still consolidating and looking for signals.”

While the Organization of Petroleum Exporting Countries and allied producers trim output to tighten global markets, an ongoing rise in U.S. crude production threatens to block OPEC’s efforts. However, the International Energy Agency said this week that the decline in Venezuela’s oil output could exacerbate a global supply deficit later this year.

West Texas Intermediate for April delivery advanced $1.15 to settle at $62.34/bbl on the New York Mercantile Exchange, the highest level in more than a week. Total volume traded was about 25% below the 100-day average.

Brent for May settlement climbed $1.09 to end the session at $66.21/bbl on the London-based ICE Futures Europe exchange. The global benchmark traded at a $3.80 premium to WTI for the same month.

While record U.S. production beyond 10 million barrels a day has weighed on oil’s rebound, a sense of uncertainty was heightened by a slew of recent events like the firing of Rex Tillerson as U.S. secretary of state, the potential delay of Saudi oil giant Aramco’s initial public offering, talks of a trade war and expectations that Venezuelan production will plunge.

“You’ve got a lot going on, on the world stage,” Tamar Essner, an analyst at Nasdaq Inc. in New York, said by telephone. “The more unexpected elements of this week’s developments were on the macro, international, geopolitical front. We are setting ourselves up for a little volatility ahead.”

Other oil-market news. Hedge funds boosted their net-bullish ICE Brent crude oil bets by 0.1% in the week ended March 13, according to weekly ICE Futures Europe data on futures and options show. Gasoline futures climbed 1.1% to settle at $1.9459/gal on Friday, the highest level since August. The U.S. oil rig count rose by four rigs to 800 this week, according to Baker Hughes data. Saudi Arabia’s willingness to delay the initial public offering of state oil company Aramco to 2019 has several motivations, from regulatory risk to competing projects in the government’s crowded agenda.

[waldron] 16/3/2018 17:43

BP
473.75 +1.98%



Shell A
2,213.5 +0.93%



Shell B
2,248.5 +1.26%



Total
47.78 +1.88%

SO THE WEEK ENDETH UP DESPITE OIL PRICE SENTIMENT DOWN SLIGHTLY

Shell B still stuck in the 2175 to 2275 BOX

[2hoggy] 16/3/2018 17:28

Whitch price will it end up??

[waldron] 16/3/2018 09:09

BP
468.75 +0.90%



Shell A
2,204.5 +0.52%



Shell B
2,231.5 +0.50%


Total
47.085 +0.39%


WITCHING HOUR COMETH

[waldron] 16/3/2018 08:29

BP
465.7 +0.25%


Shell A
2,195.5 +0.11%

Shell B
2,222 +0.07%



Total
46.925 +0.05%

[grupo] 16/3/2018 07:38

Shell sale of interests to OMV marks end of an era
Friday, 16 March 2018, 2:50 pm
Press Release: PEPANZ

Shell sale of interests to OMV marks end of an era

The Petroleum Exploration and Production Association of New Zealand (PEPANZ) says the sale of Shell’s New Zealand assets to OMV marks both the end of an era, and a vote of confidence in New Zealand.

"Shell will pass on a proud legacy after operating in New Zealand for over 100 years," says PEPANZ CEO Cameron Madgwick.

"They first started exploration here in 1911 and began natural gas production at the Kapuni field in 1969, providing a safe, reliable and affordable fuel source to New Zealanders ever since.

"Shell has also been an important part of the community and sponsored a wide range of community programmes.

"The sale represents a vote of confidence in New Zealand by OMV who are a highly regarded and well-established operator.

"They have also made a strong commitment to New Zealand since beginning operations here in 1999. They have supported conservation initiatives like whale surveys, native bird regeneration, supporting local Iwi and youth groups in Taranaki, and providing support to the Taranaki Air Ambulance Trust.

"Over the last 10 years OMV have also delivered more than $1 billion in taxes and royalties to the New Zealand Government.

"It shows again the major contribution oil and gas companies make to New Zealand."

[waldron] 15/3/2018 16:59

BP
464.55 -0.04%



Shell A
2,193 -0.84%



Shell B
2,220.5 -0.43%



Total
46.9 -0.28%

[florenceorbis] 15/3/2018 11:25

UPDATE: Royal Dutch Shell Reshuffles Board After Deputy Chair Resigns
Thu, 15th Mar 2018 10:34


LONDON (Alliance News) - Royal Dutch Shell PLC undertook a number of board changes Thursday after Deputy Chairman Hans Wijers said he will not seek reappointment in May.

Wijers - a former Dutch economic affairs minister appointed as non-executive in 2009 - will stand down after not seeking reelection at Shell's 2018 annual general meeting on May 23.

"Hans Wijers has confirmed he will not be standing for reappointment at the 2018 AGM," Shell Chairman Chad Holliday said. "I would like to take this opportunity to thank him for his nine years of outstanding contributions to the Board, including service as Senior Independent Director and Chair of the Corporate and Social Responsibility Committee. We will greatly miss his pragmatism, incisive leadership and strong collegiality and wish him continued success."

In a separate announcement, Shell announced it had appointed Gerard Kleisterlee as deputy chair from May to replace Wijers. Kleisterlee also will become senior independent director and a member of the Nomination & Succession Committee.

Shell also announced Ann Godbehere will be appointed as a director of the company on the same day as the meeting. Godbehere - a non-executive at Prudential PLC, Rio Tinto PLC and British American Tobacco PLC - served as chief financial officer at Swiss Re between 2003 and 2007.

"The Nomination & Succession Committee recommended Ann Godbehere's appointment to the board following its review of the skills, knowledge and experience needed and a rigorous and thorough search process," Holliday said. "Ann has a wealth of financial expertise, and the Board is delighted to recommend to shareholders that she be appointed a director of the company."

Shell also appointed Non-Executive Director Nigel Sheinwald as chair of the Corporate & Social Responsibility Committee. Another Non-Executive Director Linda Stuntz has been appointed as a member of the same committee. Both appointments are effective from May 23.

Shell "A" shares were 0.3% lower at 2,205.50 pence on Thursday,and "B" shares 0.1% lower at 2,228.50 pence.

By Ahren Lester; [e-mail].

[waldron] 15/3/2018 09:36

BP
466.4 +0.36%



Shell A
2,214 +0.11%


Shell B
2,237 +0.31%



Total
47.2 +0.36%

[waldron] 15/3/2018 08:20

BP
466.95 +0.47%



Shell A
2,212 +0.02%



Shell B
2,232 +0.09%



Total
47.13 +0.21%