Shell Share Discussion Threads

[waldron] 21/9/2021 07:07

European markets set for higher open despite nerves over China; Fed meeting ahead

Published Tue, Sep 21 202112:40 AM EDTUpdated An Hour Ago

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open higher on Tuesday, bouncing back from heightened investor nerves over a Chinese property developer and ahead of a two-day meeting of the U.S. Federal Reserve.

London’s FTSE is seen opening 42 points higher at 6,949, Germany’s DAX 75 points higher at 15,209, France’s CAC 40 up 19 points at 6,464 and Italy’s FTSE MIB 122 points higher at 24,814, according to IG.

[waldron] 20/9/2021 23:33

chiragmahe
20 Sep '21 - 22:10 - 18351 of 18353
0 0 0


best to start link wiith capitals

[the white house] 20/9/2021 22:49

7 billion Xmas pressie...lovely jubbly

[chiragmahe] 20/9/2021 22:16

The cash proceeds from this transaction will be used to fund $7 billion in additional shareholder distributions after closing, with the remainder used for
further strengthening of the balance sheet. These distributions will be in addition to our shareholder distributions in the range of 20-30% of cash flow
from operations. The effective date of the transaction is July 1, 2021 with closing expected in Q4 2021.

[chiragmahe] 20/9/2021 22:10

hxxps://shell.gcs-web.com/node/19251/pdf

[husted] 20/9/2021 22:08

Oh it's all in an RNS just out. I didnt see it, was too busy looking at twitter.

[waldron] 20/9/2021 21:54

chiragmahe

20 Sep '21 - 21:41 - 18346 of 18348
0 1 0

[waldron] 20/9/2021 21:53

Markets

Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips

Published Mon, Sep 20 20214:39 PM EDTUpdated 3 Min Ago

Hannah Miao
@hannahmiao_

cnbc


Oil giant Royal Dutch Shell on Monday announced a deal to sell the entirety of its Permian Basin assets to ConocoPhillips.

ConocoPhillips is purchasing the West Texas business for $9.5 billion in cash, according to a press release.

The assets span roughly 225,000 net acres with current production about 175,000 barrels per day, the press release said. The sale is set to close in the fourth quarter this year.


The deal would mark Shell’s complete withdrawal from onshore production in Texas. Shell will maintain its offshore production in Texas.

The move comes as the oil industry faces increasing pressure to invest in renewable energy and lower its carbon emissions in the face of a changing climate.

[husted] 20/9/2021 21:48

Bloomberg :
Javier Blas@JavierBlas

BREAKING: Royal Dutch Shell sells its Permian oil and gas business to ConocoPhillips for $9.5 billion in cash. IMPORTANTLY, on closing, Shell plans to return $7 billion to shareholders on top of its already disclosed payouts | #OOTT $RDSB Full story on
@TheTerminal

[chiragmahe] 20/9/2021 21:41

hxxps://www.wsj.com/articles/shell-near-deal-to-sell-permian-assets-to-conocophillips-11632168002?mod=hp_lead_pos5

[waldron] 20/9/2021 21:16

Cheers Andy

[andyadvfn1] 20/9/2021 21:07

Shell selling $9.5 billion of assets to ConocoPhilips.

[waldron] 20/9/2021 18:23

Nord Stream 2 Could Still End Up In "Investment Ruin"

By Irina Slav - Sep 20, 2021, 11:00 AM CDT


Nord Stream 2, the controversial pipeline, may yet flop, according to the co-leader of the European Greens, Reinhard Butikofer.

In an interview with German dpa, the co-chair of the Green Party in the European Parliament said there are still obstacles that Nord Stream 2 needs to clear before it is put into operation, and even after it clears them, the European Commission could still stop the project and turn it into an "investment ruin."

Nord Stream 2 is set to expand the capacity of an existing pipeline under the Baltic Sea to Germany twofold, to 110 billion cubic meters annually. It has exacerbated bilateral problems between Russia and the EU because its route bypasses Ukraine, which relies on Russian gas transit fees for much of its budget revenues.

At the same time, there is a concern that more Russian gas coming into Europe will make it more vulnerable to Russian political pressure.

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Be that as it may, much of Europe is currently finding itself in dire need of natural gas amid lower than normal inventories and strongly rising demand that has led to a surge in gas prices.

"The shout of triumph with which the Russian side is celebrating the completion of the Nord Stream 2 pipeline is premature," Butikofer told dpa. He then went on to list three challenges still remaining for Gazprom.

First, it needs to unbundle its gas production operations from its gas infrastructure operations. The unbundling rule aims to prevent gas monopolies. Second, Gazprom must give third parties the right to feed gas into the pipeline, which it has not yet done. Third and last, the Nord Stream 2 pipeline needs to receive the go-ahead from the German authorities, which is also pending.

Yet even if the German authorities grant Gazprom and its Nord Stream partners a permit for the pipeline, the European Commission can cancel it if it finds the project violates European energy law, the EP official explained.

By Irina Slav for Oilprice.com

[xxxxxy] 20/9/2021 15:08

And it is The People that will pay and shiver and die.

[xxxxxy] 20/9/2021 15:07

Climate Change industry is a form of money laundering.

[loganair] 20/9/2021 14:32

In the past 100 millions years when CO2 was lower then it is today the worlds temperature was 6C warmer and with CO2 higher then today the worlds temperature was 15C colder then today.

CO2 is what plants breath the same way animals breath oxygen. The higher the amount of CO2 the healthier plants are and the more leaves they grow therefore the more oxygen they push out into the atmosphere, also means leaves are greener which altogether shrinks the size of desserts.

The only things politian's are interested in is buying votes to win the next election and they will do anything to buy votes and if that means following a 17 year old from Sweden they'll do so.

[ceaserxzy] 20/9/2021 13:30

shell will benefit greatly from soaring gas price, as well as the normalization of travels and other social and working practices. The share price drop is a great opportunity to get on board.

[scobak] 20/9/2021 13:28

Boris only doing as his wife wants. She is clearly running the country.
Makes Russia look democratic.

[tornado12] 20/9/2021 12:54

Boris and buffoons will be voted out if they carry on with their cloud cuckoo policies.. they cannot work at the pace he is suggesting ! Needs to get real and these events only give him a shot of reality vs consequences

[tornado12] 20/9/2021 12:51

I agree Shell should be £18 , but are held back by the combo of uncertainty and the go green it’s easy dream. Reality will and is kicking in that the green transformers will take decades to reach .. but in meantime Shell can reap rewards in debt reduction. Share BB finally on the cheap and my real hope is to get the divi back above 30p a quarter … it’s a business opportunity fir sure and they must take full advantage on balance sheet & SHV