Shell Share Discussion Threads

[la forge] 31/8/2021 09:14

Oilies down


Royal Dutch Shell A
1,437.2 -1.14%



Royal Dutch Shell B
1,434 -1.06%

A and B share price getting closer

[waldron] 31/8/2021 07:31

European markets head for lower open as investors digest latest data

Published Tue, Aug 31 202112:48 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open lower on Tuesday with investors digesting the latest economic data from the region and beyond.

London’s FTSE is seen opening 26 points lower at 7,136, Germany’s DAX down 28 points at 15,860, France’s CAC 40 down 14 points at 6,677 and Italy’s FTSE MIB 56 points lower at 25,957, according to IG.

[waldron] 30/8/2021 07:25

Stock futures are flat as S&P 500 and Nasdaq sit at a record

Published Sun, Aug 29 20216:03 PM EDTUpdated Sun, Aug 29 20218:15 PM EDT

Maggie Fitzgerald
@mkmfitzgerald


U.S. stock futures were steady in overnight trading on Sunday as investors readied for the final trading days of August.

[waldron] 30/8/2021 07:15

European markets head for higher open, reflecting buoyant global sentiment

Published Mon, Aug 30 20211:44 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open slightly higher on Monday, reflecting positive trade in Asia-Pacific markets overnight.

Germany’s DAX is expected to open 4 points higher at 15,842, France’s CAC 40 up 3 points at 6,680 and Italy’s FTSE MIB 21 points higher at 26,006, according to IG.

U.K. markets are closed for a public holiday.

[misca2] 29/8/2021 16:17

Shell plans to boost Oman renewable energy portfolio
The sultanate plans to generate 30% of its electricity needs from clean energy sources by 2030

The 25-megawatt Qabas solar plant in Oman. Photo: Shell EP International
Fareed Rahman
Aug 29, 2021

Global energy major Royal Dutch Shell plans to add new clean energy projects in Oman and boost its renewables portfolio as the sultanate aims to generate 30 per cent of its electricity from green sources by 2030.

The company launched the 25-megawatt Qabas solar plant in Sohar in January, which was Shell's first renewable project in the Middle East.

“We have the ambition to grow beyond the first project, especially in the context of energy transition and reducing the carbon footprint both for the country and for ourselves,” Walid Hadi, vice president and country chairman for Oman Shell, told The National.
Read More
UAE’s renewable energy capacity set to increase to 9GW by 2025
Oman targets 11% of power generation from renewables by 2023

Oman is building renewable energy plants across the country to increase supply of clean power to both homes and industries as part of its commitment to the Paris Accord, which it signed in 2016.

Some of the plants are already operational, including the $125 million Dhofar wind farm, developed by Abu Dhabi's Masdar and funded by the Abu Dhabi Fund for Development. The total capacity of the plant is 50MW.

Other projects include Petroleum Development Oman’s 100MW Amin photovoltaic solar power plant that began commercial operations last year.

“We have a number of projects in the pipeline and we have an intent to mature more,” Mr Hadi said.

But he declined to disclose the number of projects or the money the company intends to invest in the coming years.

Oman aims to generate 30 per cent of its electricity from clean energy sources by 2030. Photo: Shell EP International

Besides solar power, the company is also looking at wind energy projects as “there [are] pretty rich wind corridors in the country”, he said.

Shell is planning to add more clean energy projects to its global renewables portfolio in a bid to become a net-zero emissions energy company by 2050, Mr Hadi said.

Publicly listed oil companies around the world have come under increasing pressure from activist investors, governments, courts and large institutional investors that promote environmental, social and corporate governance standards to reduce their carbon footprint and transition to clean energy.

Currently, Shell has 2.6 gigawatts of renewable generation capacity in operation and 7.5 gigawatts in development globally, the company said.

“There is only one path to renewables and that is a growth path. It i the energy of the future … there is an opportunity for energy companies to lead through the transition and return value to the shareholders,” he said.

Shell has a 34 per cent stake in state-owned Petroleum Development Oman, which accounts for more than 70 per cent of the country’s crude oil production and nearly all its natural gas supply.

It also has a 49 per cent interest in Shell Oman Marketing Company, which provides services and sells fuels, lubricants and grease.

Oman Shell is also part of the national hydrogen alliance set up by the Ministry of Energy and Minerals this month to develop the country’s hydrogen economy.

“The job of this alliance is to put public sector, private sector and academia and the regulators on one table to say 'here is what we need to do to initiate a hydrogen economy in Oman, these are the investments required, these are the regulations we need, here is the technology that will evolve over time' and, from that, start creating an ecosystem that makes it easier for companies to come and invest in hydrogen,” Mr Hadi said.

“It is a long journey but it is starting in the right place and right people are around the table including the biggest energy producers in Oman, the Ministry of Energy, Sultan Qaboos University and other public and private sector companies.”

Globally, the size of the hydrogen industry is expected to hit $183 billion by 2023, up from $129bn in 2017, according to Fitch Solutions.

French investment bank Natixis estimates that investment in hydrogen will exceed $300bn by 2030.

The UAE and other countries in the region are planning to produce hydrogen and tap into the clean fuel’s potential.

[tornado12] 29/8/2021 10:48

I think these are interesting times as investor in RDS, as the oil price returns to precovid or even above, but the share price remain very low based mainly on future sentiment. The near future (next 5 yrs) remains bullish for continued oil consumption with risk of market reducing reserves as results of cost cutting. With the cash flow expected to return something near precovid and share price 50% below precovid it makes finally sense to RDS to push forward with SBB … cancelling shares and improving longer term EPS seems very logical as we look to rebalance the business portfolio. I am very optimistic that it’s a good opportunity for Shell to move forward , develop series of transition businesses, improve EPS and keep the cash cow of oil flowing to sustain forward dividend and BB to improve EPS. Our share price recovery is much slower than other commodities , but we can turn this into opportunity! GLA

[waldron] 28/8/2021 22:42

Stock Market Holidays - London Stock Exchange (UK)


The stock market closes on some UK holidays.

Aug 30, 2021

Summer Bank Holiday

Closed

[grupo guitarlumber] 28/8/2021 12:28

Oil Could Be Primed For Up To 50% Rally, Strategist Says
By Charles Kennedy - Aug 27, 2021, 5:00 PM CDT
Join Our Community

The price of WTI crude oil could be headed for a jump of between 20 percent and 50 percent, judging from a bullish breakout pattern that suggests a major rally could be coming for an asset, and that has occurred just three times for crude this century, an equity strategist told CNBC this week.

“Crude oil has seen what’s called a golden cross on its weekly chart,” Matt Maley, Equity Strategist at Miller Tabak, told CNBC’s “Trading Nation” program.

The so-called golden cross appears on a chart when the short-term moving average of an asset crosses above its long-term moving average. The gold cross chart pattern points to a potential for a major rally.

“That’s only happened three times since the beginning of this century and each of those three times has been followed by a very strong further rally in crude oil, anywhere from 20%-50%,” Maley told CNBC.

Start Trading On OPC Markets Today

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

According to the strategist, the energy sector looks good if the market holds up and continues to rally. The energy sector has outperformed the overall market by a large margin since last October, even with the pullback since July, Maley also said. If the market holds, energy stocks could do really well in the fourth quarter, the strategist added.

Despite lingering concerns about the Delta variant, major investment banks continue to be bullish on oil, although not all are as bullish as Goldman Sachs, for example.

Goldman’s analysts kept their forecast for Brent Crude prices at $80 a barrel at the end of this year, although they expect the Delta variant surge to have a transitory drag on oil demand over the next two months.

“Looking beyond the Delta headwind, we expect the demand recovery to continue alongside rising vaccination rates,” Goldman Sachs said in a note in the middle of August.

By Charles Kennedy for Oilprice.com

[waldron] 27/8/2021 20:46

cheers LAM

positively interesting

[lammergeier] 27/8/2021 20:15

GOLDEN CROSS-RARE EVENT ON CHARTS-POSSIBLE 20-50% UPSIDE IN CRUDE OIL PRICES

[waldron] 27/8/2021 07:59

European markets set for subdued open ahead of Powell’s Jackson Hole speech

Published Fri, Aug 27 20212:27 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

Investors around the world will be watching Powell’s speech for details on how and when the central bank might look to taper its monetary stimulus measures.

Developments in Afghanistan are also on the radar, after the Pentagon confirmed on Thursday that explosions near Hamid Karzai International Airport in Afghanistan killed 13 U.S. service members and wounded 18.

LONDON — European markets are set for a muted open Friday as caution prevails ahead of U.S. Federal Reserve Chairman Jerome Powell’s remarks at the annual Jackson Hole symposium.

Britain’s FTSE 100 is seen around 4 points higher to 7,129, Germany’s DAX is expected to fall by around 20 points to to 15,774 and France’s CAC 40 is set to slip by around 6 points to 6,660, according to IG data.

Markets in Asia-Pacific were similarly mixed on Friday, while U.S. stock futures inched fractionally higher after the major Wall Street indexes snapped multi-day winning streaks on Thursday.

[the grumpy old men] 26/8/2021 09:26

Nord Stream 2 loses case to have EU pipeline rules waived

Nord Stream 2 AG, the controversial gas pipeline project owned by Gazprom, lost a German court fight to sidestep European Union rules separating production from transportation, a decision that may delay the start of the operations.

By Bloomberg
25/08/2021, 10:20 am
Energy Voice daily newsletter

Nord Stream 2 AG, the controversial gas pipeline project owned by Gazprom, lost a German court fight to sidestep European Union rules separating production from transportation, a decision that may delay the start of the operations.

The Dusseldorf Higher Regional Court on Wednesday dismissed a bid by Gazprom to overturn the German Network Agency’s decision to impose the EU measures, a spokesman for the tribunal said by phone.


While the ruling means that Nord Stream 2 could be fined if it fails to comply with the EU regulation once gas flows, it doesn’t have an impact on the construction of the project, which was licensed under a different set of rules and is expected to be concluded this month. Technically, the EU measures also don’t bar starting the flow of gas, but Gazprom would need to restructure Nord Stream 2, a step that could cost time.

Gas prices initially jumped on the decision, before paring gains to trade 2.5% higher at 45.985 euros a megawatt-hour by 10:36 a.m. in Amsterdam. While the ruling was widely expected, some traders say it could delay much needed flows via the pipeline.

Germany’s regulator in May last year refused to issue a waiver for the project. Under the EU gas directive, exemptions can only be granted to pipelines completed by May 23, 2019. The measures were revised after works on the pipeline had started — a move that Nord Stream 2 alleges was discriminatory.

In order to comply with the rules, Nord Stream 2 must be certified as an independent transmission or system operator under the EU regulation. While that doesn’t require Gazprom to sell ownership rights in the unit, it must give up control and command rights toward its leadership and include other measures like Chinese Walls to guarantee the independence.

As a precaution, Nord Stream 2 has already applied for this kind of certification at the German regulator, known as the Bundesnetzagentur. Documents are being reviewed and more paperwork might be requested, a spokesman for the regulator said by email. Once the application is complete, the agency has four months to prepare a draft decision.

Other Pipelines

There have been other pipelines that were already operating before the certification was completed and no fines were issued in the period when the regulator and the company were in talks over the process. It is likely that the same will apply to Nord Stream 2.

The Nord Stream 2 link can ship 5.6 billion cubic meters of fuel to Europe this year, Gazprom said earlier this month. Traders are watching every step of the project, as it will help ease a supply crunch in the European gas market. The news Nord Stream 2 will start operating soon sent benchmark futures in the Netherlands down as much as 7% last week.

The twin link — which will double the capacity of the existing undersea route from Russian gas fields to Europe — has been a major source of friction in trans-Atlantic relations for several years, with the U.S. claiming it could give Russia new leverage over Europe and introducing sanctions targeting the project. Joe Biden’s administration softened the U.S. stance, reaching a deal with Germany last month to end a longstanding rift over the pipeline.

There is also an arbitration case pending under the European Energy Charta over the issue and Gazprom is also seeking to nullify the rules in a suit filed with the EU’s courts.

Wednesday’s case is OLG Dusseldorf, VI-3 Kart 211/20 [V].

[waldron] 26/8/2021 07:02

European stocks set to retreat as global markets subdued ahead of Fed symposium

Published Thu, Aug 26 20211:37 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

The Fed’s Jackson Hole symposium kicks off Thursday. Markets will be watching Friday’s closing remarks from Chairman Jerome Powell.

European Central Bank Chief Economist Philip Lane said on Wednesday that economic impact from the spread of the delta Covid-19 variant is likely to be limited across the euro zone.

LONDON — European shares are set to pull back Thursday, with global markets striking a cautious tone as U.S. Federal Reserve policymakers gather for a closely watched monetary policy summit.

Britain’s FTSE 100 is seen around 25 points lower at 7,125, Germany’s DAX is set to fall by around 49 points to 15,811 and France’s CAC 40 is expected to drop around 12 points to 6,664, according to IG data.

[xxxxxy] 26/8/2021 06:48

Harry Toll26 Aug 2021 12:37AMProduction of H2 fuel from methane produces 11 kg of CO2 for every 1 kg of H2 fuel. Due to the terrible energy density of H2 fuel, it takes 20 kg of H2 fuel to provide the same energy contained in 1 kg of diesel fuel. Hopefully you can do the math in your head, but if not, that means for the same amount of energy from 1 kg of diesel fuel you will produce 220 kg of CO2 by burning H2. If you burn the H2 fuel in an internal combustion engine you will still produce a significant amount of NOX, which is 265 times as impactful as CO2 as a greenhouse gas. They say they are going to "capture" the CO2 and...do what with it? The politicians, bankers and swindlers of all stripe who are selling you this wil-o'-the-wisp (for an insane price) don't have the faintest idea of what they are doing. These kinds of promises and plans have been dangled for decades (I watched this all the last time around when I was getting an engineering degree in the 1970's). We will all go bankrupt watching them trying to break the laws of physics. 4LikeReplyDavid Robson26 Aug 2021 1:34AMMuch as I like your comment, I respectfully advise you that you are incorrect when you claim that the energy content of 1 kg of diesel is equivalent to that of 20 kg of H2. The heat of combustion of diesel is about 43 MJ/kg whereas that of H2 is about 140 MJ/kg. However, in terms of energy per unit volume, the energy content of H2 at 350 Bar is about 4500 MJ/m3, whereas the energy content of diesel is ten times higher at about 43,000 MJ/m3..... Daily Telegraph

[xxxxxy] 26/8/2021 06:43

Martin Mitchel26 Aug 2021 6:23AMAt the enormous pressure of 10,000 pounds per square inch, three times that of a diving bottle hydrogen occupies nine times the volume of diesel for the same useful energy output and that is before you add the containment vessel. For a submarine to be subjected to that pressure it would have to dive to a depth of 2.25 MILES, the crush depth of a nuclear submarine is less than 1/7th of that! Just to get a better idea of what joe public will be dealing with when they tank up. By the time the hydrogen has been produced (even by electrolysis and ignoring generating inefficiencies), compressed and put in the vehicle energy efficiency is about 64%. Fuel cell efficiency outside a lab is about 50% giving you 32% to drive the motor. That works at 90% efficiency so 29% arrives at the wheels. If you just used diesel that would be nearer 40%....... so why bother?... Daily Telegraph

[buywell3] 25/8/2021 23:15

One wonders what will happen when the buybacks stop