Shell Share Discussion Threads

[florenceorbis] 12/1/2021 15:38

Oil major Royal Dutch Shell PLC will cut 330 jobs from its U.K. operations in the North Sea over the next two years, according to a report by the BBC.

--Most of the job cuts are from office roles in Aberdeen, as well as projects that are in the process of being decommissioned in the region.

--Shell said the U.K. remains a focus of investment for the company.



Full story:



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(END) Dow Jones Newswires

January 12, 2021 10:11 ET (15:11 GMT)

[grupo guitarlumber] 09/1/2021 10:44

February 4, 2021 Fourth quarter 2020 results and fourth quarter 2020 interim dividend announcement

February 11, 2021 Shell Strategy Day

[waldron] 08/1/2021 20:28

Bp
298.7 +1.25%


Royal Dutch Shell A
1,468.2 -0.42%


Royal Dutch Shell B
1,417.4 -0.49%


Total
37.485 +0.07%


Engie
13.305 +1.80%



Eni
9.03 -0.42%


Tullow Oil (TLW)
:33.00 0.65 (2.01%)

[sarkasm] 05/1/2021 21:52

LONDON BRENT OIL (XBNT) Add to my list
Delayed Quote. Delayed - 01/05 04:33:18 pm
53.51 USD +5.69%

[waldron] 04/1/2021 18:26

Total, Shell partner for offshore Egypt block

Total will operate a new exploration block in the Egyptian sector of the Mediterranean Sea.
Jan 4th, 2021
Map Total Enters A New Operated Exploration Permit In Egypt (002)
(Courtesy Total)

Offshore staff

PARIS – Total will operate a new exploration block in the Egyptian sector of the Mediterranean Sea.

The North Ras Kanayis Offshore block covers 4,550 sq km (1,757 sq mi) in the Herodotus basin, 5-150 km (3.1-93 mi) offshore, in water depths ranging from 50-3,200 m (164-10,498 ft).

According to Total, this is an underexplored area: terms for the concession include 3D seismic acquisition during the first three years.

The company will have a 35% interest, in partnership with Shell (30%), KUFPEC (25%), and Tharwa (10%).

Kevin McLachlan, senior vice president Exploration at Total, said the award “reinforces our presence in Egypt, following a gas discovery made in July 2020 with the Bashrush well on the North El Hammad license [Total 25%], to be developed through a tie-in to nearby existing infrastructure.̶1;

01/04/2021

[sarkasm] 04/1/2021 12:07

Royal Dutch Shell : Shell Switches EU Member State to Netherlands from UK Post-Brexit
01/04/2021 | 09:56am GMT


(MT Newswires) -- Royal Dutch Shell (RDSA.L, RDSA.AS) said Monday it has chosen the Netherlands as its European Union member state for the purposes of the EU Transparency Directive following the UK's exit from the bloc.

The petroleum company's shares gained 4% on Monday morning.

Price (GBP): £1350.40, Change: £52.60, Percent Change: +4.05%

[grupo guitarlumber] 01/1/2021 13:45

February 4, 2021 Fourth quarter 2020 results and fourth quarter 2020 interim dividend announcement

February 11, 2021 Shell Strategy Day

[grupo guitarlumber] 01/1/2021 10:27

DIVI DATES






4th quarter 2020

Event Date

Announcement date February 4, 2021

Ex- Dividend Date for ADS.A and ADS.B February 18, 2021

Ex- Dividend Date for RDS A and RDS B February 18, 2021

Record date February 19, 2021

Closing of currency election date (see Note below) March 05, 2021

Pounds sterling and euro equivalents announcement date March 15, 2021

Payment date March 29, 2021

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.

[waldron] 31/12/2020 14:22

Tullow Oil (TLW)
Share Price: 29.58 Change: -0.20 (-0.67%)


Bp
254.8 -1.77%

Vodafone
120.94 -1.23%

Royal Dutch Shell A
1,297.8 -1.49%

Royal Dutch Shell B
1,259.4 -1.01%


Eni
8.548 -0.16%


Total
35.3 -0.81%

Engie
12.52 -1.38%

Orange
9.734 -0.71%

Axa
19.512 -0.83%

[waldron] 31/12/2020 12:17

Royal Dutch Shell plc's capital as at 31 December 2020, consists of

4,101,239,499 A shares

and 3,706,183,836 B shares,

each with equal voting rights.

Royal Dutch Shell plc holds no ordinary shares in
Treasury.

The total number of A shares and B shares in issue as at 31 December
2020 is 7,807,423,335 and this figure may be used by shareholders as the
denominator for the calculation by which they will determine if they are
required to notify their interest in, or a change to their interest in,
Royal Dutch Shell plc under the FCA's Disclosure Guidance and
Transparency Rules.

[waldron] 30/12/2020 19:43

Stocks
Shell (RDS.A) to Supply SAF to DHL Express to Lower Emissions
Contributor
Zacks Equity Research Zacks
Published
Dec 30, 2020 10:58AM EST

FEATURED IN SMART INVESTING
Learn More

Royal Dutch Shell Plc’s RDS.A Shell Aviation entered an agreement with global logistics services provider DHL Express to supply the latter with sustainable aviation fuel (“SAF”) at Schiphol Airport in Amsterdam.

The deal makes DHL Express the first customer to be supplied under the SAF supply agreement between Shell and oil refiner Neste Oyj. The agreement, which was announced in Sep 2020, reflects the airlines’ increasing desire to reduce emissions and is expected to increase the SAF supply for the aviation industry.

Notably, the agreement allows DHL Express to take usual flights operating on SAF. This marks significant progress toward its goal of zero transport-related emissions by 2050. Importantly, the amount of SAF, which Shell Aviation supplies, fulfills DHL Express’s yearly fuel requirements from Schiphol Airport, and helps to reduce its emissions from the European hub.

DHL Express opines that the SAF will play a significant part to achieve its climatic ambitions of reducing the environmental impact of transport emissions. The sustainable fuel is formed by sustainably sourced, renewable waste and residue raw materials, and will be used in a combined form. Moreover, in its neat form and over the lifecycle, SAF reduces carbon emissions by up to 80% compared with fossil jet fuels.

On its part, the deal sets an excellent example of how the aviation industry would expedite its path toward net-zero emissions by generating demand as the fuel industry aims to increase the supply of SAF. As commercial airlines are operating at a lower capacity, Shell considers the deal as an opportunity for the cargo sector to increase the uptake of SAF in the aviation industry. Further, the oil and gas major believes that cargo operators can play an important role to prompt the demand signals to boost investment in and use of SAF.
Company Profile & Price Performance

Shell is one of the primary oil majors — a group of U.S. and Europe-based big energy multinationals — with global operations. The company is fully integrated, as it participates in every aspect related to energy from oil production to refining and marketing.

[grupo] 30/12/2020 09:59

Oil Prices Continue Climb On Large Crude Draw
By Julianne Geiger - Dec 29, 2020, 3:43 PM CST

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.785 million barrels for the week ending December 25.

Analysts had predicted an inventory draw of 2.100 million barrels for the week.

In the previous week, the API reported a build in oil inventories of 2.70-million barrels, after analysts had predicted a draw of 3.135 million barrels.

Both Brent and WTI were up on Tuesday morning before the data release on hopes of a larger round of stimulus checks signed off on by President Donald Trump and the House on Monday. Gains continue to be capped, however, by OPEC's plans to gradually increase oil production after the start of the year despite lockdowns and depressed demand.

Moments before Tuesday's data release, WTI had risen by $0.41 (+0.86%) to $48.03, up $.80 per barrel on the week. The Brent crude benchmark had risen on the day $0.44 at that time (+0.87%) to $51.30—up roughly $1 per barrel on the week.

U.S. oil production held steady at 11.0 million bpd for the week ending December 18, according to the Energy Information Administration—;2.1 million bpd lower than the all-time high of 13.1 million bpd reached in March.

The API reported a draw in gasoline inventories of 718,000 barrels of gasoline for the week ending December 25—compared to the previous week's 224,000-barrel draw. Analysts had expected a 1.778-million-barrel build for the week.

Distillate inventories were down by 1.877 million barrels for the week, compared to last week's 1.03-million-barrel increase, while Cushing inventories rose this week by 131,000 barrels.­

At 4:36 p.m. EDT, the WTI benchmark was trading at $47.99, while Brent crude was trading at $51.07.

By Julianne Geiger for Oilprice.com

[sarkasm] 27/12/2020 11:28

THE TELEGRAPH



‘Profits will grow seven-fold' – why oil stocks are set for a bumper 2021

Earnings could rocket at companies sensitive to the economy while utilities and technology firms may struggle

By Sam Benstead 27 December 2020 • 5:00am

The oil sector is primed for a blowout 2021, with profits set to rise seven times compared with 2020....

[waldron] 27/12/2020 09:48

GULFNEWS




Although the pandemic will continue to weigh on oil demand in 2021, some estimates show that monthly supply deficits could reach their highest in years.

Rystad Energy expects vaccination campaigns to help bring a rapid recovery going forward. Monthly supply deficits will start from May, reaching a high of around 3.4 million barrels per day in August.

“As deficits continue uninterrupted through the year, August’s high could be repeated, if not exceeded by year-end,” the energy consultancy said.

“Our monitors in the US are starting to point out at stronger activity … In addition, there are winds of change forecasted in the geopolitical realm next year,” said Bjornar Tonhaugen, Head of Oil Markets at Rystad Energy.
Oil prices rally

Meanwhile, crude prices continued to rise as markets shrugged off US President Donald Trump’s threats to derail the stimulus programme.

Brent crude rose 2.7 per cent to $51.15 a barrel, while US crude (WTI) jumped 2.75 per cent to $48.05 a barrel.

“With liquidity falling into the holiday period, I expect oil to trade in some quite broad, and potentially volatile ranges in the days ahead,” said Jeffrey Halley Senior Market Analyst, Asia Pacific, OANDA.

“Oil’s ability to move through resistance depends entirely on developments in Washington DC, which are looking very messy at the moment,” said Halley. “That still leaves the door open equally, for a sharp fall or rally from here, despite the underlying bullish case for higher prices in 2021.”
Balanced market

Going into 2021, the market will largely be balanced in January, with supply and demand hovering between 77.7 and 77.8 million barrels per day (bpd), according to Rystad Energy.

The effect of global lockdowns will be felt even more in February and March as demand will not follow the growing supply, creating a surplus of 0.5 million bpd in February and 1.4 million bpd in March.

A minor surplus will also be recorded in April but the market will recovery shortly after, the consultancy said.

[the grumpy old men] 25/12/2020 07:41

Shell extends topside maintenance deal with Dayang

Project & Tenders

December 24, 2020, by Nermina Kulovic

Malaysia’s oil and gas services provider Dayang Enterprise Holdings has received a contract extension from Shell for the provision of topside major maintenance services offshore Malaysia.

The extension was awarded to Dayang Enterprise’s subsidiary by Sarawak Shell Berhad (SSB) and Sabah Shell Petroleum Company (SSPC), Dayang said on Wednesday.

The original contract was awarded back in August 2020 and it was agreed to last until completion of work in the year 2020.
Shell taps Dayang for topside maintenance in Malaysia


According to the Malaysian company, the value of the contract extension is based on work orders issued by SSB and SSPC throughout the extended contract duration and will include any or all other work and services, which is generally related to the scope of works in this contract.

The duration of the contract is extended until 15 June 2021.

[waldron] 25/12/2020 07:37

Ecopetrol informs of the consummation of the previously reported transaction with Shell to develop the gas province of the Colombian Caribbean
Ecopetrol Logo.

News provided by
Ecopetrol S.A.

Dec 24, 2020, 17:13 ET

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BOGOTÁ, Colombia, Dec. 24, 2020 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL,NYSE: EC) hereby informs that on December 23, 2020 it consummated the transaction with Shell previously announced to the market on February 7, 2020, by which Shell, through its subsidiary Shell EP Offshore Ventures Limited ("Shell"), acquired a 50% stake in the Fuerte Sur, Purple Angel and COL-5 blocks, located in the Colombian Caribbean deep water, where a new gas province was discovered including the Kronos (2015), Purple Angel and the Gorgon (2017) wells. The transaction has now been consummated.

The transaction is aligned with the strategic priorities of Ecopetrol's business plan, focused on reserves and production growth under strict capital discipline. With the closing of this transaction, the relationship with a strategic partner, highly experienced in the development of offshore areas, such as Shell, is also strengthened.

Ecopetrol is the largest company in Colombia; it is a comprehensive oil chain company, one of the 40 largest oil companies in the world, and one of the top four in Latin America. In addition to Colombia, where it generates more than 60% of domestic production, it has exploration and production activities in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol owns the largest refinery in Colombia, most of the country's oil and pipeline network and is significantly increasing its participation in the biofuel sector.

[the grumpy old men] 21/12/2020 18:29

Shell's warning signals pain not yet over for oil majors
Dec. 21, 2020 12:45 PM ETRoyal Dutch Shell plc (RDS.A)By: Carl Surran, SA News Editor1 Comment

Royal Dutch Shell's (RDS.A -5.7%) update, saying it expects to write down the value of its assets by as much as $4.5B and warning of another set of poor earnings in Q4, is the first indication of another tough quarter for oil and gas producers that continue to struggle with weak demand as COVID-19 lockdowns hit economies hard.
Shell says its oil and gas production business should report a third straight quarterly loss while Q4 results from its trading operations - a bright spot earlier in the pandemic amid volatile oil prices - would come in "significantly lower" than in Q3.
The S&P energy sector (XLE -3.8%) is today's worst market performer, and Big Oil names are getting trounced but have moved off day's lows: XOM -2.9%, CVX -1.9%, BP -5.7%.
"The indicative guidance looks disappointing, particularly in the context of the strong run Shell has had in recent weeks," RBC analyst Biraj Borkhataria says.
Cowen analysts maintain their Buy rating and $41 price target for Shell shares, as the reduced cash flow outlook is offset by today's announced divestment, and as such the analysts retain their outlook that debt will hit target levels around year-end 2021 to enable buybacks in 2022.
Shell says the anticipated $3.5B-$4.5B writedown includes an impairment of its Appomattox deepwater oil and gas project in the Gulf of Mexico, as well as charges related to its refining operations and onerous gas contracts.
The latest writedown follows Shell's $16.8B writedown in Q2 and a sharp cut in its price outlook.