Shell Share Discussion Threads

[florenceorbis] 12/6/2020 07:55

Equinor, Aker BP agree on commercial terms for development of NOAKA area

Oil & GasUpstreamField Development

By NS Energy Staff Writer 12 Jun 2020

Aker BP said that the anticipated investment for the development of the NOAKA area will be over NOK50bn ($5.2bn)
NOAKA area

Illustration of the NOAKA area development concept. (Credit: Equinor ASA)

Equinor and Aker BP have reached an agreement in principle on the commercial terms for a coordinated development of the Krafla, Fulla, and North of Alvheim area (NOAKA area) offshore Norway.

Aker BP said that the anticipated investment for the development of the NOAKA area will be over NOK50bn ($5.2bn).

Equinor is the operator of the Krafla license, while Aker BP is the operator of the North of Alvheim and the Fulla licenses. The other partner in the licenses is LOTOS Exploration and Production Norge.

Both Equinor and Aker BP have begun preparations for submitting plans for development and operation (PDO) of the Norwegian Continental Shelf (NCS) licenses in 2022.

The decision taken by the two companies comes in the wake of the recently announced changes to the Norwegian petroleum tax system.
Details of the NOAKA area

The NOAKA area, which is located between the Oseberg and Alvheimis fields in the Norwegian North Sea, is made up of various licenses and complex reservoirs that hold several oil and gas discoveries. The area has estimated total recoverable resources of over 500 million barrels of oil equivalents, with scope for further exploration and appraisal.

According to Equinor and Aker BP, the development concept for the NOAKA area will feature a processing platform in the south operated by the latter and an unmanned processing platform in the north operated by the former. The development concept includes the possibility of installing several satellite platforms and tiebacks to cover multiple discoveries in the NCS area.

The facilities in the NOAKA area will be powered from shore with digital solutions to be extensively used during the development and operations phase.

Aker BP said that the purpose of the commercial terms is to get an optimal and fair allocation of cost and production between the discoveries and for aligning incentives for ensuring good integration and synergies across facilities and licenses.

Aker BP CEO Karl Johnny Hersvik said: “The recently announced tax changes give strong incentives to develop the NOAKA area and through this agreement we can mature all the resources in the area towards an investment decision.

“This will potentially unlock more than 300 mmboe of oil and gas resources for Aker BP, and hence significantly contribute to our growth. This is important to us, and perhaps even more important for the supply industry and the Norwegian society.”

[waldron] 11/6/2020 17:29

Brent Crude Oil NYMEX 38.85 -5.77%
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Orange
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Bp
320.9 -6.84%

Vodafone
125.94 -7.57%

Royal Dutch Shell A
1,328.6 -5.97%


Royal Dutch Shell B
1,279.8 -5.65%


(TLW) 31.94 GBX -12.78%

[waldron] 10/6/2020 17:20

Brent Crude Oil NYMEX 40.98 -0.49%
Gasoline NYMEX 1.20 -1.15%
Natural Gas NYMEX 1.86 +0.27%
WTI 38.752 USD +1.27%

FTSE 100
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19,806.68 -0.62%



Eni
9.23 -1.56%



Total
37.015 -1.82%



Engie
11.4 -3.88%

Orange
10.865 -1.54%


Bp
344.45 -2.44%

Vodafone
136.26 -1.93%

Royal Dutch Shell A
1,413 -1.72%


Royal Dutch Shell B
1,356.4 -2.02%

[waldron] 09/6/2020 17:25

Brent Crude Oil NYMEX 40.70 -0.25%
Gasoline NYMEX 1.19 -0.14%
Natural Gas NYMEX 1.87 -2.10%
(WTI) 38.253 USD -0.84%

FTSE 100
6,335.72 -2.11%
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5,095.11 -1.55%
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3,324.1 -1.44%
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12,617.99 -1.57%
Ftse Mib
19,934.47 -1.47%








Eni
9.376 -2.98%



Total
37.7 -2.96%



Engie
11.86 -0.75%

Orange
11.035 -3.92%


Bp
353.05 -3.47%

Vodafone
138.94 -1.54%

Royal Dutch Shell A
1,437.8 -4.38%



Royal Dutch Shell B
1,384.4 -5.36%

[action] 08/6/2020 21:13

China new car sale nearly as high as 12 months ago. What a recovery in consumer spending.

[waldron] 08/6/2020 17:26

Brent Crude Oil NYMEX 41.04 -2.98%
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Ftse Mib
20,239.02 +0.26%


Eni
9.664 +1.66%


Total
38.85 +1.34%



Engie
11.95 +2.22%

Orange
11.485 -0.43%

Bp
365.75 +0.97%

Vodafone
141.12 +1.55%

Royal Dutch Shell A
1,503.6 +1.79%


Royal Dutch Shell B
1,462.8 +2.54%

[sarkasm] 06/6/2020 16:38

Conclusion

Given that Shell doesn't know when prices or demand will come back to the levels it needs to, the company's prudent measures seem to be the right decision. Its pre-cut dividend would have likely outpaced its earnings for the rest of the year, causing even more strain on a balance sheet that had already been adding arguably too much debt. However, the dividend cut, paired with its cost-cutting measures and suspension of share buybacks, means that earnings can fall substantially and Shell will still be able to cover its new dividend.

Investing in any oil and gas stock right now is a speculative move, but Shell deserves credit for wasting no time in implementing substantial measures instead of beating around the bush or trying to save face at the expense of its long-term future.

I think Shell is one of the more attractive oil majors to buy at this time, given its pre-downturn leadership in alternative energy and free cash flow, humble yet action-oriented measures to get through the crisis, and the fact that it still yields 4% even after its dividend cut.

[waldron] 05/6/2020 17:26

Brent Crude Oil NYMEX 42.06 +5.18%
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(WTI) 39.131 USD +5.25%


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3,385.9 +3.85%
DAX
12,847.68 +3.36%
Ftse Mib
20,178.69 +2.77%





Eni
9.506 +6.05%


Total
38.335 +6.15%



Engie
11.69 +2.90%

Orange
11.535 +1.94%



Bp
362.25 +7.75%

Vodafone
138.96 +1.31%

Royal Dutch Shell A
1,477.2 +6.33%



Royal Dutch Shell B
1,426.6 +6.91%

TULLOW OIL (TLW) 30.39 GBX +19.13%


nice to see

to see nice

such a positive end to the week

Have a great weekend

enjoy but do be careful

[waldron] 04/6/2020 17:49

Brent Crude Oil NYMEX 39.52 -0.68%
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DAX
12,430.56 -0.45%
Ftse Mib
19,629.87 -0.06%


Eni
8.964 -0.39%



Total
36.115 -0.85%



Engie
11.36 -2.15%

Orange
11.315 +0.44%


Bp
336.2 -0.91%

Vodafone
137.16 +0.42%

Royal Dutch Shell A
1,389.2 -0.29%


Royal Dutch Shell B
1,334.4 -0.57%

[waldron] 03/6/2020 17:30

Brent Crude Oil NYMEX 39.14 -1.09%
Gasoline NYMEX 1.11 -0.78%
Natural Gas NYMEX 1.93 +2.94%
WTI 36.247 USD -2.29%

FTSE 100
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Dow Jones
26,152.22 +1.59%
CAC 40
5,022.38 +3.36%
SBF 120
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Euro STOXX 50
3,269.59 +3.75%
DAX
12,487.36 +3.88%
Ftse Mib
19,622.07 +3.43%



Eni
8.999 +2.60%

Total
36.425 +2.48%

Engie
11.61 +6.46%

Orange
11.265 +2.60%


Bp
339.3 +3.26%

Vodafone
136.58 +1.19%

Royal Dutch Shell A
1,393.2 +4.39%


Royal Dutch Shell B
1,342 +4.44%


TULLOW OIL (TLW) 26.25 GBX +6.79%

[waldron] 02/6/2020 17:22

Brent Crude Oil NYMEX 39.31 +2.58%
Gasoline NYMEX 1.10 +3.25%
Natural Gas NYMEX 1.89 +0.69%
(WTI) 36.195 USD +2.23%


FTSE 100
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Dow Jones
25,603.19 +0.50%
CAC 40
4,858.97 +2.02%
SBF 120
3,844.68 +2.09%
Euro STOXX 50
3,151.34 +2.36%
DAX
12,021.28 +3.75%
Ftse Mib
18,969.89 +2.41%





Eni
8.771 +5.17%

Total
35.545 +2.89%

Engie
10.905 +2.39%

Orange
10.98 -0.54%


Bp
328.6 +5.66%

Vodafone
134.98 -0.25%

Royal Dutch Shell A
1,334.6 +3.39%

Royal Dutch Shell B
1,285 +2.78%

[grupo] 02/6/2020 08:58

DIVI DATES









1st quarter 2020



Closing of currency election date (see Note below) June 2, 2020