Shell Share Discussion Threads

[waldron] 22/10/2021 07:26

Markets

European markets set to inch higher as China property fears cool; Earnings, data in focus

Published Fri, Oct 22 20212:13 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

Friday marks another big day of corporate earnings in Europe, with Renault, Banco Sabadell, the London Stock Exchange and InterContinental among those reporting.

Shares of China Evergrande Group bounced in Hong Kong overnight following media reports that the embattled developer is set to pay off a coupon payment on a dollar-denominated bond.

Initial flash PMI (purchasing managers’ index) readings for October are due out of France, Germany and the U.K. throughout Friday morning.

LONDON — European stocks are expected to open slightly higher on Friday as fears over the Chinese property market cooled, while investors monitor corporate earnings and key economic data.

Britain’s FTSE 100 is seen around 22 points higher at 7,212, Germany’s DAX is set to add around 49 points to 15,522 and France’s CAC 40 is expected to climb around 41 points to 6,727, according to IG data.

[xxxxxy] 21/10/2021 16:11

Keeping the lights on and homes warmOCTOBER 21, 2021 70 COMMENTSOver the next few years we will face a reduction in nuclear power as older stations are closed, well before a new large nuclear power station comes on line. We will experience growing demands for electrical power as more people switch to electric cars and electric heating, and as the economy and the population continues to grow creating more need. There will be a further major increase in wind power, which will cover the days when there is the right level of wind to maximise turbine output without needing to shut them down through too high a wind speed. The question remains, what is the back up plan for days of high demand when the wind does not blow and when solar output is also low?In the short term the government has brought three coal power plants back on stream to deal with shortages. These have to be kept, and perhaps could be converted to biomass to make them more reliable and popular contributors to our power output. The country relies heavily on its remaining combined cycle gas stations which produce less carbon dioxide than the coal stations per unit of output. It would be a good idea to bring several old retired gas stations back into a state of readiness to be available to produce power when the wind drops. These are matters which our managed system of generation can commission by offering capacity payments to the owners to make the facilities available.The government should also look at how it can increase domestic gas output. Currently half the gas we use is imported. Some of this is dependent on paying high and wildly fluctuating spot market prices. Some of it is shipped long distance on tankers. If we produced more domestic gas this could pass to users via pipeline and could be purchased under contract at more stable and lower average prices. Immediately the government could allow Shell to progress the Jackdaw field, which can use the existing Shearwater platform and the existing gas and liquids pipes into St Fergus/Cruden Bay for onward distribution by the existing pipe network. This would be a greener method of supplying gas than the imports and provide us with more national resilience in energy provision. The government should review its other options for producing more UK gas as a transition fuel whilst it puts in place much more reliable renewable electricity and better storage for variable wind power.....John Redwood

[xxxxxy] 21/10/2021 16:09

We need a referendum on net zero to save Britain from the green blobAs with membership of the EU, the political elite is imposing a revolution on the public without consentALLISTER HEATH20 October 2021 • 9:30pm...Daily Telegraph

[grupo guitarlumber] 21/10/2021 15:46

i wonder whether cop 26 will have an adverse effect on the Oil MAJORS

The 2021 United Nations Climate Change Conference, also known as COP26, is the 26th United Nations Climate Change conference. It is scheduled to be held in the city of Glasgow, Scotland between 31 October and 12 November 2021, under the presidency of the United Kingdom.

[waldron] 21/10/2021 05:54

European markets head for mixed open ahead of busy day for earnings

Published Thu, Oct 21 202112:19 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open in mixed territory on Thursday ahead of a busy day of earnings reports in the region.

The U.K.’s FTSE index is seen opening 17 points lower at 7,207, Germany’s DAX 21 points lower at 15,503, France’s CAC 40 7 points lower at 6,701 and Italy’s FTSE MIB up 11 points at 26,417, according to IG data.

[xxxxxy] 20/10/2021 11:02

The Green Party runs the country with 1 MP...... po po20 Oct 2021 3:53AMCarrie Symonds supports Extinction Rebellion.The BBC openly support Extinction Rebellion.Eco properganda is reaching Goebbels levels.2LikeReplyJim Thomas19 Oct 2021 10:21PMA very, very big price. But for some reason they never talk about that, only about how happy you will be when you get it. They just will not say. Have you ever been to a dodgy time share seminar? Exactly..... Daily Telegraph

[waldron] 19/10/2021 12:27

hazl
19 Oct '21 - 11:49 - 12767 of 12768
0 0 0
BP PLC said Tuesday that the U.K.'s East Coast Cluster industrial decarbonization project has been named as one of the country's first two carbon capture, usage and storage clusters by the government's Department for Business, Energy and Industrial Strategy, or BEIS.

The decision taken by BEIS is a major step in achieving the government's target of establishing the first net zero carbon industrial cluster in the U.K. by 2040, BP said.

The East Coast Cluster is enabled by the Northern Endurance Partnership, which is led by BP as its operator.

The project is a collaboration between BP, ENI SpA, Equinor ASA, National Grid PLC, Royal Dutch Shell PLC and TotalEnergies SE, the British oil-and-gas major said.

"Once operational, the cluster has the potential to transport and securely store nearly 50% of all U.K. industrial cluster CO2 emissions, up to 27 million [metric] tons of CO2 emissions a year by 2030," it said.

[xxxxxy] 19/10/2021 12:13

Dave Kenna19 Oct 2021 11:29AMStart bothering China and India before they ruin our lives. What's the point in it all. They just laugh at us spending all this money on their products while they open new coal fired plants week after week to ,are the with! How stupid are we..... Daily Telegraph

[andyadvfn1] 19/10/2021 11:48

Vlad playing this one quite smartly, holding all the best cards.By the time the go ahead is given and the pipeline is ramped up the winter will be over. Prices to remain high.

[montyhedge] 19/10/2021 11:09

So it should be, if I was Putin I would say stuff Europe, get the new pipeline going.

[andyadvfn1] 19/10/2021 11:06

News from RussiaNo extra gas without nordstream 2 on Bloomberg

[waldron] 19/10/2021 06:07

European markets head for positive open following global gains

Published Tue, Oct 19 202112:47 AM EDT

Holly Ellyatt
@HollyEllyatt
CNBC


Key Points

European stocks are expected to open higher on Tuesday with markets buoyed by positive global sentiment.

The U.K.’s FTSE index is seen opening 5 points higher at 7,209, Germany’s DAX 17 points higher at 15,496, France’s CAC 40 up 10 points at 6,685 and Italy’s FTSE MIB 28 points higher at 26,107, according to data from IG.

[waldron] 18/10/2021 19:19

Shell Energy Customer Base Grows as U.K. Power Suppliers Go Bust

Laura Hurst, Bloomberg News



(Bloomberg) -- Royal Dutch Shell Plc’s power retail business in the U.K. will take on another quarter of a million customers after three smaller suppliers went out of business.

Soaring wholesale energy prices have caused 13 U.K. electricity providers to collapse in the past two months, with the government saying more are likely to follow. In less than a month, the customer base of Shell Energy Retail Ltd. -- which says it’s “here to stay” -- has grown by almost 60%.

The latest expansion came on Monday, when U.K. regulator Ofgem announced that Shell Energy would supply the customers of Pure Planet, Daligas and Colorado Energy. In September, the regulator appointed Shell Energy to take on about 255,000 customers belonging to Green Supplier Ltd.

That means Shell Energy has added more than half a million customers since August, the second-biggest increase after Octopus Energy’s gain of 580,000, according to data compiled by Bloomberg.

“As a stable, well-backed supplier with long-term ambitions to help British households lower their carbon emissions, we’re pleased to be able to support the customers,” Shell Energy Retail Chief Executive Ed Kamm said in a statement.

While the backing of global oil and gas giant Shell provides the U.K. retail business with more financial security, the venture has come at a cost. The business’s losses ballooned to 138 million pounds ($189 million) in 2020, up from 31.5 million pounds a year earlier, due to “adverse market conditions.”

[saltaire111] 18/10/2021 16:49

The BoDs are surely going to increase the dividend. They know that investors remember, and they need to make good on what happened last year. In my view they should have had the guts to see through the Covid situation and not cut so deeply last year. Time to put that right.

Salty.

[waldron] 18/10/2021 16:11

RBOB Gasoline (RB:NMX)

$2.4251
+0.0427 (+1.79%)
Data as of Oct 15, 2021 5:15 PM ET

BEEN CORRECTED IT SEEMS


EDIT got hiccups

[aleman] 18/10/2021 15:56

Has November gasoline really jumped 19% today? I can find no report of it.

[waldron] 18/10/2021 13:14

FORBES

Oct 18, 2021,06:30am EDT|60 views

EVs - Where Oil And Automakers Meet, Again.
Michael Taylor

Long experienced in auto journalism, Taylor is based in Italy.

Oil giant Shell joins GM in a renewable electricity venture just as BP joins Benz and BMW.



One major puzzle for electric-car fans has long been why the major oil companies have leased out the quieter parts of their stations for other charging companies but avoided any direct involvement.

Tesla got around the shortcoming with its own Supercharger network and a baffling array of smaller charging networks, apps and cards have bubbled up to fill the void.

But announcements on two continents in the last week show that showing the stand-offish situation is changing, with Royal Dutch Shell and General Motors hooking up in the US and BP buying into a BMW-Daimler charging joint venture in Europe.

Shell, in particular, is under pressure in its Dutch homeland, with courts there effectively ordering the energy giant to slash its CO2 emissions by 45% before 2030.

GM GM +0.5% has set itself a target of carbon neutrality by 2040, lead by its next generation of EVs following the Bolt.

PROMOTED

The tie up between Shell’s MP2 Energy LLC and GM will kick off in Texas and is ultimately aimed at delivering across-the-board energy to GM customers, including fixed-rate household plans and renewable energy.

It will have humble beginnings, with the first target being free overnight electric charging for GM EV drivers in Texas based off totally renewable energy.

President Joe Biden announced a $174 billion proposal to transition the US fleet to electric cars, including the installation of half a million charging stations across the country.



BMW and Mercedes-Benz's parent, Daimler, have allowed BP to buy in to its Digital Charging Solutions

Meanwhile, in Europe, BP has bought into Digital Charging Solutions GmbH joint venture founded by BMW and Daimler Mobility, with each outfit holding a third of the company.

It brought straight capital into the company as a buy-in, it said in a statement, claiming electrification was “at the heart of BP’s approach to mobility”.

From a slow start, BP plans to have more than 70,000 public charging stations around the world by 2030.

Besides charging stations, DCS works with other automakers to integrate charging systems into their digital operating setups.

It already operates the Charge Now brand and the Mercedes Me Charge, BMW Charging and Mini Charging operations, with a claimed 85% footprint across 29 countries in Europe.

DCS plans to add 9000 more fast and 150kW+ charging points through BP, BP Pulse and Aral Pulse networks in Europe, along with its Plug & Charge service.

“We are pleased to welcome BP as a strong partner who shares our vision to push electrification,R21; Gero Götzenberger, the Director for Strategy and Digital Mobility Solutions for Daimler Mobility, said.

“By forming this strategic collaboration with one of the biggest energy companies in the world, we will provide drivers with increasing access to a convenient and seamless charging ecosystem wherever and whenever they need it, contributing to the electric transformation of our society.”

The problem with all of this is that it does little to address accusations that BP’s green washing continues apace, with the move to join BMW and Daimler’s charging company merely recognizing a growingly obvious commercial reality.

BP is the company that invented the carbon footprint, encouraging companies to offset their CO2 emissions and thereby creating a market for carbon credits.

The oil company is accused by many of using the carbon footprint narrative to absolve itself of greenhouse-gas blame with what amounts to a PR campaign to make individuals, rather than oil companies, responsible for emissions.

Paul Abela, of the Climate Conscious website, accused BP of creating a scheme designed to make money, rather than solve the problem.

“The green washing gets worse when we think about how individuals are encouraged to reduce their footprint,” Abela wrote in September.

“Carbon offsetting initiatives have become increasingly popular. A carbon offset is a way to compensate for your emissions by funding an equivalent carbon dioxide saving elsewhere.

“A carbon offsetting company asks you various questions about your lifestyle and spending habits. They work out your carbon footprint, and you pay them to offset the emissions through an initiative such as planting trees in a forest.

“And the carbon offset market is set to take off, with the market set to be worth an estimated US$100 billion by the end of the decade.”

That won’t stop BP from addressing the growing need to charge EVs, though, with BP’s senior vice president for future mobility and solutions insisting it wanted to make charging as easy as refueling a combustion car.

“Our aim is to make charging... fast, reliable and highly integrated with the vehicle operating system to provide a great customer experience,” Bartlett insisted.

“We're excited to have completed this transaction and look forward to working with our partners to continue to provide EV drivers with access to convenient charging where they need it.”

There is no word from Bartlett on BP’s US plans, though, and the US lags behind the world leaders after the Trump Presidency pulled out of the Paris Accords and backed off fuel-economy laws.