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Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch 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
  -8.60 -0.6% 1,421.60 1,422.20 1,422.80 1,448.20 1,417.60 1,442.40 9,910,572 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 13,205.3 -19,723.5 -203.3 - 58,303

Royal Dutch Shell Share Discussion Threads

Showing 2751 to 2771 of 2925 messages
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DateSubjectAuthorDiscuss
11/12/2020
16:58
Brent Crude Oil NYMEX 50.00 -0.73% Gasoline NYMEX 1.31 -0.70% Natural Gas NYMEX 2.62 +1.24% WTI 46.645 USD -0.91% FTSE 100 6,546.75 -0.80% Dow Jones 29,930.28 -0.23% CAC 40 5,507.55 -0.76% SBF 120 4,355.92 -0.72% Euro STOXX 50 3,487.35 -1.08% DAX 13,114.3 -1.36% Ftse Mib 21,709.76 -0.94% Eni 8.808 -1.43% Total 37.02 -1.71% Engie 12.34 -0.44% Orange 9.908 -4.04% Axa 19.658 -1.73% Bp 275.25 -3.34% Vodafone 130.98 -2.06% Royal Dutch Shell A 1,394.8 -2.79% Royal Dutch Shell B 1,337.4 -3.45% Tullow Oil (TLW) 31.65-1.08 (-3.30%)
waldron
10/12/2020
06:17
Https://www.marketscreener.com/news/latest/How-oil-majors-shift-billions-in-profits-to-island-tax-havens--31971852/?countview=0
sarkasm
10/12/2020
00:11
World's top oil trader set to retire from Shell - Bloomberg Dec. 09, 2020 11:42 AM ETRoyal Dutch Shell plc (RDS.A)By: Carl Surran, SA News Editor12 Comments Royal Dutch Shell (RDS.A +0.2%) is shaking up its in-house trading unit, with the retirement of Mark Quartermain as head of crude, a job widely seen as the most powerful in the global oil trading industry, Bloomberg reports. Quartermain reportedly will retire in summer 2021, less than four years after taking the job, to be succeeded by Stacie Pitts, who instantly would become the most influential woman in the oil trading business. Pitts, who now leads the gasoline team at Shell, would handle a trading book that buys and sells 8M bbl/day of oil. The oil trading unit saved Shell from the plunge in prices earlier this year by making bets that delivered hundreds of millions of dollars while the rest of the business struggled, prompting Shell CFO Jessica Uhl to say the in-house unit's Q2 performance was its "best on record." Financial Times reports Shell has been hit by the departure of several clean energy executives in a split over how aggressively the company should shift towards greener fuels.
grupo guitarlumber
06/12/2020
13:37
Russian Ships Move To Baltic Sea Areas To Resume Construction Of Controversial Pipeline December 06, 2020 03:15 GMT By RFE/RL A Russian pipe-laying ship has moved into position to resume construction of a natural-gas pipeline in the Baltic Sea that the United States, Ukraine, and other countries have vehemently opposed. German shipping authorities have issued an advisory for the Baltic Sea area where the last few kilometers of the controversial Nord Stream 2 pipeline are set to be laid and warned vessels to avoid the zone from December 5-31. The Akademik Cherskiy reached the area off the coast of Poland on December 5, according to Marine Traffic tracking services. Also on December 5, the Russian pipe-laying ship, Fortuna, left a German port apparently heading to a different location where another pipeline section is to be built. Norddeutscher Rundfunk (NDR) posted a video showing the 170-meter-long vessel being pulled by five tugboats. A spokesman for the Nord Stream 2 project declined to disclose information about the ships’ plans because he wanted to protect the companies involved, according to NDR. The repositioning of the vessels followed Russia’s pledge to complete the pipeline despite the threat of U.S. sanctions. The pipeline still has 16 kilometers left in German waters and another 60 kilometers in the Danish section yet to be built. Russia's state-controlled natural-gas company Gazprom has moved to finish construction of the pipeline with its own resources after construction was thrown into uncertainty a year ago following U.S. sanctions on the project, which will double Russian natural-gas deliveries to Germany. The United States argues that the Nord Stream 2 would erode European energy security at a time when relations between the West and Russia are at post-Cold War lows over numerous issues, including the poisoning of Kremlin critic Aleksei Navalny and Moscow's 2014 annexation of Ukraine's Crimea. German Chancellor Angela Merkel has faced criticism for backing the project, but there has been speculation that she might withdraw her support following the poisoning of Navalny earlier this year. The U.S. Embassy in Berlin on December 5 called on the German government to halt construction of the pipeline. "Now is the time for Germany and the EU to call for a moratorium for the pipeline's construction," Robin Quinville, charge d'affaires at the embassy, told the newspaper Handelsblatt on December 5. This would send a clear signal that Europe "no longer accepts Russia's sustained malevolent behavior," she said. The official added that the pipeline was not just an economic project but a political tool for the Kremlin to circumvent Ukraine and split up Europe. Poland, Ukraine, and the Baltic states are fiercely opposed to the pipeline. Ukraine has complained because Nord Stream 2 would reroute Russian gas around Ukraine, depriving Kyiv of much-needed transit fees. Russia, which initially expected to complete the pipeline in early 2020, has accused the United States of using energy sanctions as a "weapon" to open new markets for its oil and gas industry. After the sanctions on vessels were passed, Russian President Vladimir Putin said he hoped the pipeline would be completed by early 2021. The U.S. Congress is considering another bill that would widen the scope of sanctions to include any individual or entity providing insurance, technical certification, or welding services for the project. With reporting by dpa, AP, AFP, and Norddeutscher Rundfunk
the grumpy old men
06/12/2020
10:11
DIVI DATES Https://www.shell.com/investors/dividend-information/interim-dividend-timetable.html Payment date December 16, 2020
grupo guitarlumber
06/12/2020
09:37
Why The World Can’t Quit Fossil Fuels By Haley Zaremba - Dec 05, 2020, 5:00 PM CST Join Our Community Have the recent pronouncements of the death of oil and reigning renewables been more rhetoric than reality? Yes and no. It’s true that peak oil is now closer than ever, and globally we’re seeing a more earnest effort to decarbonize than ever before, in large part thanks to green stimulus packages for post-COVID economic recovery. But for all of the advances that green energy is making around the world, it’s just not enough to achieve the kind of greenhouse gas emissions reductions necessary to curb the impact of climate change. In fact, it’s not even close. This week Axios reported on the “chasm between CO2 goals and energy production,” saying that “projected and planned levels of global oil, natural gas and coal production are way out of step with the kind of emissions cuts needed to hold global warming significantly in check.” This reporting is based on a brand new study. The second annual “Production Gap Report” is the continuation of a project developed in collaboration with the United Nations Environment Programme (UNEP). The 2020 report was put together by the UN, the Stockholm Environment Institute, the International Institute for Sustainable Development, the Overseas Development Institute and the climate think tank E3G. The purpose of the report, which is modelled after and alongside UNEP’s Emissions Gap Reports is to synthesize and communicate “the large discrepancy between countries’ planned fossil fuel production and the global production levels necessary to limit warming to 1.5°C and 2°C.” And, as it turns out, that discrepancy is still quite large, even after the COVID-19 pandemic took a huge bite out of fossil fuel demand and the oil and gas industry as a whole. Related: UAE Oil Is A Vital Geopolitical Weapon Against China's Middle East Expansion The report calculates the emissions that will be released from fuel combustion over the next calendar year based on projections and extrapolations of all the countries of the worlds’ planned and estimated fossil fuel extraction. The prognosis is grim. While meeting the Paris climate accord goal of limiting and maintaining long-term global warming to just 1.5° Celsius over pre-industrial temperature averages would require the global community to reduce fossil fuel production by a full 6 percent each year over the course of the next decade, right now most countries are reaching toward a reduction goal of just 2 percent--less than half of what is needed. Despite the fact that all 196 members of the United Nations Framework Convention on Climate Change (UNFCCC) signed onto the Paris Agreement, according to the 2020 Production Gap report, "countries are instead planning and projecting an average annual increase of 2 percent, which by 2030 would result in more than double the production consistent with the 1.5°C limit." While the world is heading in the right direction overall to bring down greenhouse gas emissions on the eve of catastrophic climate change, it simply isn’t doing so with enough urgency. For example, while coal has had an especially rough year and seems to be on its very last legs as an industry, it would need to see a whopping 11 percent production cut every year until 2030 to comply with the 1.5°C pathway. It’s hard to see that happening when countries like China are falling back on coal in times of economic and energy insecurity. Similarly, while OPEC+ is mulling over the idea of extending production cuts to keep oil prices afloat during this extended oil demand downturn, it would be shortsighted and naive to think that means the end of oil is upon us. While we may very well be living in the era of peak oil, that is a far cry from seeing a 6 percent annual decrease of the fuel that still overwhelmingly powers the global economy. Ultimately, in spite of all the lofty rhetoric, “the pandemic-related production declines this year won't lead to the long-term changes needed to get on track toward those temperature targets.” For that we need human intervention and intentional economic and political restructuring, not just viral disruption. By Haley Zaremba for Oilprice.com
sarkasm
05/12/2020
05:42
U.S. defense bill aims to thwart Russia's Nord Stream 2 pipeline Dec. 04, 2020 5:45 PM ETPublic Joint Stock Company Gazprom (OGZPY)By: Carl Surran, SA News Editor43 Comments The FY 2021 National Defense Authorization Act contains sanctions that backers say will halt the Russia-to-Germany Nord Stream 2 gas pipeline project. The sanctions will seek to deprive Russia of the capability to upgrade Gazprom's (OTCPK:OGZPY) vessel to lay the type of pipe used in the project, as well as required insurance and certifications. The NDAA is expected to win passage by the U.S. House early next week and soon after by the Senate, but Pres. Trump has warned he would veto the bill over a provision to strip the names of Confederate military leaders from U.S. bases, among other reasons. Nord Stream 2's European financial backers are Royal Dutch Shell (RDS.A, RDS.B), BASF (OTCQX:BASFY), Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY). The NDAA authorizes $732B in discretionary spending for U.S. defense, including $10B to buy 93 Lockheed Martin (NYSE:LMT) F-35 fighter jets after the Trump administration requested 79, and the Virginia-class submarine made by General Dynamics (NYSE:GD) and Huntington Ingalls (NYSE:HII).
grupo
04/12/2020
18:09
Brent Crude Oil NYMEX 48.99 +0.57% Gasoline NYMEX 1.27 +0.37% Natural Gas NYMEX 2.50 +2.54% WTI 45.87 USD +0.45% FTSE 100 6,550.23 +0.92% Dow Jones 30,137.55 +0.56% CAC 40 5,609.15 +0.62% SBF 120 4,436.26 +0.66% Euro STOXX 50 3,539.27 +0.58% DAX 13,298.96 +0.35% Ftse Mib 22,160.57 +0.70% Eni 8.744 +3.45% Total 37.69 +3.36% Engie 12.5 -0.68% Orange 10.545 +0.72% Bp 276.95 +3.92% Vodafone 130.16 +2.36% Royal Dutch Shell A 1,402.4 +3.39% Royal Dutch Shell B 1,351.4 +3.21% Tullow Oil (TLW) 34.13: 2.56 (8.11%)
waldron
04/12/2020
09:30
Shell CEO Hopeful Biden Will Speed Up Climate Change Fight Laura Hurst, Bloomberg News (Bloomberg) -- The change in the U.S. presidency will bring the collaboration and set of progressive policies needed to tackle the energy transition, Royal Dutch Shell Plc’s chief executive officer said. President Donald Trump pulled the U.S. out of the Paris Agreement on global warming and railed back environmental protections while promising to keep the coal industry alive. “I’m quite hopeful that with the new administration coming in, there will be change of sentiment and hopefully a change of direction,” Ben van Beurden said in the Web Summit conference. Without increased cooperation “I don’t think we are going to succeed in the energy transition.” While it’s too early to say what exactly President-elect Joe Biden’s energy policies will be, his vow to rejoin the climate deal “is a pretty good start,” Van Beurden said. Some of Biden’s ideas are “not bad,” but it will be important to see how the practicalities of these policies play out. Shell operates multiple assets in the U.S. including offshore platforms in the Gulf of Mexico, shale oil in the Permian Basin, as well as refining and chemical plants. Van Beurden described it as the company’s most important country, into which almost half of its investment program goes, and a third of capital employed sits. In April, Shell expanded its green ambitions, pledging to eliminate all net emissions from its own operations, as well as the bulk of greenhouse gases from fuel it sells to customers by 2050. The company also said it would ultimate only do business with emission-free companies. Government Support But support from governments to press ahead with the energy transition has not been sufficient up to now, Van Beurden said. “Many of the changes that need to happen can only be made and mandated by governments” such as carbon pricing, he said. The 62-year old Dutchman acknowledged that it would take time and greater investment into renewables for much of society’s negative perceptions of Big Oil to change. “We have to show that our investment program is shifting away from just investing in resources to much more differentiated things like hydrogen, biofuels, renewable power and nature,” he said. These currently constitute about 11% of Shell’s investment program, but will rise to 25%. European oil and gas majors have spent much of the year announcing ambitions to shift investment into cleaner, greener technologies. But for investors, this has raised questions of how balance sheets will be affected. Renewables have typically brought in returns of 5% to 6%, falling short of higher double-digit returns that oil and gas projects can deliver. European Big Oil has stressed that it can boost those figures to 10%, if not more, thanks to trading, access to low-cost funding and integration.
waldron
04/12/2020
08:46
Https://seekingalpha.com/news/3641606-shell-upped-bernstein-on-attractive-cash-flow-momentum?mail_subject=rds-a-shell-upped-at-bernstein-on-attractive-cash-flow-momentum&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha
waldron
03/12/2020
16:37
BARRONS Markets Shell’s Cash Flow Story Is ‘Too Good to Ignore.’ It’s Time to Buy the Stock, Says Bernstein. By Barbara Kollmeyer Dec. 3, 2020 8:50 am ET The energy sector has been most unloved this year, and with that, shares of big companies like Royal Dutch Shell, with those shares down 39% year-to-date, though up by that much in the latest quarter so far. What’s to love about the company right now is the cash flow momentum, say analysts at Bernstein Research, who have upgraded Shell to outperform from market perform.
grupo guitarlumber
03/12/2020
14:58
Gazprom Neft, Shell set up JV to develop Gydan Peninsula hydrocarbon cluster Oil & GasUpstreamExploration By NS Energy Staff Writer 03 Dec 2020 The joint venture will study and develop Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula shell-main Gazprom Neft, Shell establish partnership to develop hydrocarbon cluster. (Credit: Gazprom Neft PJSC) Russian oil producer Gazprom Neft has concluded a deal with Royal Dutch Shell to establish a joint venture (JV) for the development of a major hydrocarbon cluster on the Gydan Peninsula. The transaction follows an agreement signed by both the companies to establish the JV in July this year. As per the terms of the deal, the two companies will have an equal interest in the charter capital of the joint venture. The joint venture will study and develop the onshore Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula. The two companies will consolidate their capabilities and competences to develop the exploration cluster, which is located in the north—eastern part of the Gydan Peninsula. Covering over 3,000km² of area, the Leskinsky licence block is located in the Taymyr district of the Krasnoyarsk Krai. Its hydrocarbon resources are estimated to be more than 100 million tonnes of oil equivalent (mtoe). Pukhutsyayakhsky block estimated to contain 35 mtoe Located in the Tazovsky district of the Yamal-Nenets Autonomous Okrug, the Pukhutsyayakhsky block covers an area of more than 800km2 and is estimated to contain nearly 35mtoe. Gazprom Neft Exploration and Production deputy CEO Vadim Yakovlev said: “We’ll be splitting investments on this project with our strategic partner, Shell, and combining our experience and technological expertise. “Going forward, data on the structure of these blocks will make a major contribution to investigating these as yet undeveloped areas.” The company said that the 2D seismic survey has already been completed on both Leskinsky and Pukhutsyayakhsky license blocks. Currently, the prospecting and appraisal activities are being undertaken at the Leskinsky block to collect data that will be utilised to refine the geological concept and prepare a future project development plan. Gazpromneft-GEO, which is established to execute major geological prospecting projects, will be the operator on the initial stage of the project and will be responsible for exploration works at Leskinsky and the Pukhutsyayakhsky blocks.
grupo guitarlumber
03/12/2020
14:44
Gazprom Neft, Shell set up JV to develop Gydan Peninsula hydrocarbon cluster Oil & GasUpstreamExploration By NS Energy Staff Writer 03 Dec 2020 The joint venture will study and develop Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula shell-main Gazprom Neft, Shell establish partnership to develop hydrocarbon cluster. (Credit: Gazprom Neft PJSC) Russian oil producer Gazprom Neft has concluded a deal with Royal Dutch Shell to establish a joint venture (JV) for the development of a major hydrocarbon cluster on the Gydan Peninsula. The transaction follows an agreement signed by both the companies to establish the JV in July this year. As per the terms of the deal, the two companies will have an equal interest in the charter capital of the joint venture. The joint venture will study and develop the onshore Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula. The two companies will consolidate their capabilities and competences to develop the exploration cluster, which is located in the north—eastern part of the Gydan Peninsula. Covering over 3,000km² of area, the Leskinsky licence block is located in the Taymyr district of the Krasnoyarsk Krai. Its hydrocarbon resources are estimated to be more than 100 million tonnes of oil equivalent (mtoe). Pukhutsyayakhsky block estimated to contain 35 mtoe Located in the Tazovsky district of the Yamal-Nenets Autonomous Okrug, the Pukhutsyayakhsky block covers an area of more than 800km2 and is estimated to contain nearly 35mtoe. Gazprom Neft Exploration and Production deputy CEO Vadim Yakovlev said: “We’ll be splitting investments on this project with our strategic partner, Shell, and combining our experience and technological expertise. “Going forward, data on the structure of these blocks will make a major contribution to investigating these as yet undeveloped areas.” The company said that the 2D seismic survey has already been completed on both Leskinsky and Pukhutsyayakhsky license blocks. Currently, the prospecting and appraisal activities are being undertaken at the Leskinsky block to collect data that will be utilised to refine the geological concept and prepare a future project development plan. Gazpromneft-GEO, which is established to execute major geological prospecting projects, will be the operator on the initial stage of the project and will be responsible for exploration works at Leskinsky and the Pukhutsyayakhsky blocks.
grupo guitarlumber
03/12/2020
08:18
Https://www.marketscreener.com/quote/stock/BP-PLC-9590188/news/The-new-black-gold-Big-Oil-bets-on-retail-networks-in-an-electric-era-31924682/
the grumpy old men
03/12/2020
08:12
Royal Dutch Shell plc Royal Dutch Shell Plc Third Quarter 2020 Euro And Gbp Equivalent Dividend Payments 03/12/2020 7:00am UK Regulatory (RNS & others) TIDMRDSA TIDMRDSB The Hague, December 3, 2020 - The Board of Royal Dutch Shell plc ("RDS") today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2020 interim dividend, which was announced on October 29, 2020 at US$0.1665 per A ordinary share ("A Share") and B ordinary share ("B Share"). Dividends on A Shares will be paid, by default, in euros at the rate of EUR0.1386 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by November 27, 2020 will be entitled to a dividend of US$0.1665 or 12.48p per A Share, respectively. Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 12.48p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by November 27, 2020 will be entitled to a dividend of US$0.1665 or EUR0.1386 per B Share, respectively. Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 30 November to 2 December 2020. This dividend will be payable on December 16, 2020 to those members whose names were on the Register of Members on November 13, 2020. Taxation - cash dividend Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.
the grumpy old men
03/12/2020
08:11
ROYAL DUTCH SHELL PLC Notice of Results The Hague, December 3(rd) 2020 - On Thursday February 4(th) 2021 at 07:00 GMT (08:00 CET and 02:00 EST) Royal Dutch Shell plc will release its fourth quarter results and fourth quarter interim dividend announcement for 2020.
the grumpy old men
02/12/2020
17:31
Shell begins permanent shutdown of Convent refinery Dec. 02, 2020 11:44 AM ETRoyal Dutch Shell plc (RDS.A)By: Carl Surran, SA News Editor Royal Dutch Shell (RDS.A +4.5%) says it started the permanent shutdown of its 211K bbl/day Convent, La., refinery, which the company has been unable to sell because of sharply reduced fuel demand during the pandemic. The shutdown began when Shell reportedly idled the 12K bbl/day isomerization unit on Monday night, and then it took offline the refinery's 36K bbl/day diesel hydrotreater. Shell has said it will keep the refinery on the market after it completes the shutdown by the Christmas holiday. Shell and the United Steelworkers union reached agreement last week on a severance package for 350 hourly workers at the plant. Royal Dutch Shell is "committed to steadily increasing its dividend going forward, and it has a diversified portfolio with a heavy downstream focus to back it up,"
waldron
02/12/2020
13:10
Germany may have found loophole to dodge US sanctions against Russia's Nord Stream 2 gas pipeline – report 2 Dec, 2020 09:02 Germany may have found loophole to dodge US sanctions against Russia's Nord Stream 2 gas pipeline – report Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources. The slush fund is aimed at tackling the problems of climate change, and may identify the project as the most important element of environmental protection. The measure is reportedly being considered by local authorities in the German state of Mecklenburg-Vorpommern. Under the plan, the state government would reportedly launch an enterprise whose products and services would be used only for completing the construction of the Nord Stream 2 pipeline. The fund would provide German firms with an opportunity to supply services to the Russian side. Technically, German companies won't cooperate with the Nord Stream 2 project, led by Russian energy giant Gazprom, and therefore won't become subject to the US sanctions. The pipeline is being constructed by Gazprom's subsidiary Nord Stream 2 AG in close cooperation with five European energy majors. The gas route, which runs under the Baltic Sea, is set to double the existing pipeline's capacity of 55 billion cubic meters annually. The project faced sharp criticism from Washington which has repeatedly blasted Europe for over-reliance on Russian energy supplies, and accused Russia of monopolizing the European energy market. Seeking to boost sales of US liquefied natural gas to Europe, the White House issued special guidelines for its Protecting Europe's Energy Security Act (PEESA), allowing the State Department to introduce sanctions against each and every firm cooperating with the Russian energy project. RT.COM
maywillow
02/12/2020
08:33
SHELL A : Upgraded to Buy by JP Morgan 12/02/2020 | 06:52am GMT JP Morgan's analyst Christyan Malek has upgraded his rating from Neutral to Buy. The target price is being increased from GBX 1600 to GBX 1700.
la forge
02/12/2020
08:13
DIVI DATES Https://www.shell.com/investors/dividend-information/interim-dividend-timetable.html Pounds sterling and euro equivalents announcement date December 3, 2020 Payment date December 16, 2020
grupo
02/12/2020
05:55
Https://seekingalpha.com/news/3640664-bhp-taps-shell-to-supply-lng-to-fuel-iron-ore-cargo-to-china?mail_subject=rds-a-bhp-taps-shell-to-supply-lng-to-fuel-iron-ore-cargo-to-china&utm_campaign=rta-stock-news&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha BHP taps Shell to supply LNG to fuel iron ore cargo to China Dec. 01, 2020 2:23 PM ETBHP Group (BHP)By: Carl Surran, SA News Editor BHP says it awarded a five-year contract to Royal Dutch Shell (RDS.A, RDS.B) to power five liquefied natural gas-powered ships carrying iron ore to China from Western Australia, following a tender process it issued last year. BHP Chief Commercial Officer Vandita Pant says the LNG-fueled vessels should help the company cut carbon emissions by 30% on a per voyage basis vs. a conventionally-fueled voyage on the same route, and contribute to the miner's 2030 goal to support 40% emissions intensity reduction of BHP-chartered shipping of its products. The contract is BHP's first such LNG supply agreement; the company's pivot towards LNG is part of a plan to cut carbon emissions and meet International Maritime Organization regulations on a 0.5% sulfur limit in marine fuels that took effect this past January. Pant says the contract with Shell should account for as much as 10% of forecast Asian LNG bunker demand in FY 2023. BHP is an "increasingly diversified commodities play offering a sustainable 5% yield," Opal Investment Research writes in a bullish report recently posted on Seeking Alpha.
the grumpy old men
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