Shell Share Discussion Threads

[partenope] 23/11/2021 17:55

just voted in favour of the resolution to move the HQ to the UK, courtesy of my HL a/c. Anyone else?

Also have some in a Halifax account but they don't offer the option, which is very bad imo.

[grupo guitarlumber] 23/11/2021 17:54

chiragmahe
23 Nov '21 - 08:24 - 19280 of 19282
0 0 0
Does this mean shell reduced debt by 4.5B?

IT WILL SEEM SO

But it is a mere tear drop in the rain

all the best

[grupo guitarlumber] 23/11/2021 17:45

Targets Six months: 2118.05 One year: 2473.88

Supports Support1: 1566.82 Support2: 1414.40

Resistances Resistance1: 1813.40 Resistance2: 2118.05

[grupo guitarlumber] 23/11/2021 17:43

Targets Six months: 2118.05 One year: 2473.88

Supports Support1: 1566.82 Support2: 1414.40

Resistances Resistance1: 1813.40 Resistance2: 2118.05

[partenope] 23/11/2021 17:33

thanks to you as well Waldron, always enjoy your posts :)

[the white house] 23/11/2021 14:12

Well played, Joe2 buck ms oil rise on your action Happy Xmas from all Shell shareholders

[chiragmahe] 23/11/2021 08:24

Does this mean shell reduced debt by 4.5B?

[waldron] 23/11/2021 06:13

European markets head for subdued open ahead of key euro zone data

Published Tue, Nov 23 202112:52 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open lower on Tuesday as markets look ahead to the latest purchasing manager’s index (PMI) data for the euro zone.

The U.K.’s FTSE index is seen opening 14 points lower at 7,241, Germany’s DAX 52 points lower at 16,063, France’s CAC 40 down 21 points at 7,084 and Italy’s FTSE MIB 108 points lower at 27,274, according to data from IG.

[waldron] 23/11/2021 06:05

Shell Plans Singapore Biofuels Plant to Meet 2030 Emissions Goal

Saket Sundria and Elizabeth Low, Bloomberg News


(Bloomberg) -- Royal Dutch Shell Plc is planning to build a biofuels plant in Singapore to help the company meet its target of halving emissions by 2030.

The company plans to build a 550,000-ton a year biofuels plant that can make hydrogen from cooking oils and animal fats, which are then used to produce diesel for road transport, aviation fuel or chemicals, according to a statement from the company. The facility is subject to a final investment decision.

Shell is seeking to produce around 2 million tons a year of sustainable aviation fuel by 2025 and process 1 million tons a year of plastic waste globally. The company is also exploring a regional carbon capture and storage hub, and plans to work with a range of customers including in the power sector.


Separately, Shell will build a unit that will improve the quality of pyrolysis oil, a liquid made from hard-to-recycle plastic waste. It will have a capacity of 50,000 tons a year, making it Asia’s largest, and process the equivalent weight of about 7.8 billion plastic bags. No cost was provided for the investment.

[waldron] 22/11/2021 23:18

Bulb Energy collapses with taxpayers left to pay to ensure supplies to its 1.7 million customers

The move could leave taxpayers with a bill of up to £1bn as the Government may be forced to write-off Bulb’s debts in order to interest other energy suppliers in taking on its customers

By David Parsley

November 22, 2021 4:32 pm(Updated 8:38 pm)

Energy giant Bulb has become the largest energy company to collapse as a result of high wholesale gas prices, leaving the taxpayer on the hook to ensure its 1.7 million customers continue to benefit from a continued supply to their homes.

As predicted by i in September, the Treasury has been forced into what amounts to a temporary nationalisation of Bulb to protect the energy supply of its customers after the company failed to secure financing to continue operating independently.

A spokeswoman for Bulb told i: “We’ve just told our team that we’ve made the difficult decision to support Bulb being placed into special administration. We’re also taking steps for Simple Energy, Bulb’s parent company, to enter administration.̶1;

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A spokeswoman for energy regulator Ofgem said customers “do not need to worry”.

“Bulb will continue to operate as normal. Ofgem is working very closely with Government. This includes plans for Ofgem to apply to Court to appoint an administrator who will run the company,” she said.

“Customers will see no disruption to their supply and their account and tariff will continue as normal. Bulb staff will still be available to answer calls and queries.”

While not technically a nationalisation of Bulb, the appointment of a special administrator leaves the Treasury and UK taxpayers to fund the ongoing operations of Bulb while the Government seeks to find a more permanent remedy.

The move could also leave taxpayers with a bill of up to £1bn as the Government may be forced to write-off Bulb’s debts in order to interest other energy suppliers in taking on its customers.

Bulb: 1.7m customers could be ‘too many’ for energy firms to take on if company goes bust

During the special administration process the Department of Business, Energy and Industrial Strategy will attempt to sell Bulb as a whole or break it up and pass its customers onto other large suppliers. However, other suppliers are unlikely to be willing to take on Bulb’s current debts.

The latest set of annual accounts for Bulb’s parent company Simple Energy showed the group had debts of £550m at the end of March 2020. In the subsequent 18 months the debt is understood to have risen to between £600m and £1bn.

The special administration regime is enshrined in law to ensure uninterrupted energy supply to customers in the event of a large energy supply company becoming insolvent.

The special administrator, unlike an ordinary administrator, has an obligation to consider consumers’ interests as well as those of creditors, which is designed to ensure customer bills do not rise sharply. Bulb customers will remain on their current tariffs and retain any positive balances during the process.

Bulb was considered by Ofgem to be too large to enter the Supplier of Last Resort process, which has been used with other struggling firms to pass their customers onto larger suppliers. Instead, Bulb has immediately entered the special administration process.

Founded in 2015, Bulb grew rapidly to command a 6 per cent market share of the household energy market.


Energy provider Bulb ‘could be nationalised’ as Government scrambles to rescue firm that supplies 1.7m homes

Investment Bank Lazard had been searching for new funding for Bulb, while advisory firm AlixPartners has been working with the firm short-term measures to bolster its balance sheet.

While larger suppliers such as British Gas owner Centrica, Octopus Energy, Ovo Energy and Shell Energy Retail are understood to have held talks about taking all or part of Bulb’s business over, these talks failed as the latest condition of Bulb’s balance sheet became apparent.

Bulb’s demise marks the largest insolvency of the energy crisis so far, and its customer base is almost as large the base of the 20 suppliers which have collapsed during the last three months combined.

Bulb’s collapse means almost four million households have now seen their energy provider succumb to soaring wholesale prices since the start of September.

[grupo guitarlumber] 22/11/2021 15:34

BOUNCED BACK ON rns

[grupo guitarlumber] 22/11/2021 15:10

Citi: Oil Will Continue Rising This Quarter
By Irina Slav - Nov 05, 2021, 10:00 AM CDT

Citi: Crude oil prices will continue rising this quarter as global oil inventories drawdowns continue and OPEC sticks to its limited addition output policy
Citi's Ed Morse: U.S. shale could surprise the oil markets with new production boost

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Crude oil prices will continue rising this quarter as global oil inventories drawdowns continue and OPEC sticks to its limited addition output policy, Citi’s head of commodity research Ed Morse told Bloomberg.

Morse commented that it was funny how oil prices reacted following OEPC+’s latest announcement after its meeting on Thursday, going down instead of up as one would expect. He also noted that OPEC had moved from the role of the “central bank of oil” to the role of regulator, keeping a cap on supply to keep prices higher.

Asked whether OPEC+ had the capacity to increase production should demand growth accelerate at some point, Morse said that some OPEC+ members certainly had the capacity. While some members of the group had suffered a drop in production capacity due to underinvestment, he said Saudi Arabia, Russia, the UAE, and Kuwait could boost production quickly, by about 3 million bpd.

Yet OPEC is not the only player in the field, according to Morse. In fact, he thinks the U.S. could surprise everyone next year by ramping up production substantially. U.S. production, Morse said, could grow by a lot more than any individual OPEC country in 2022.

While the U.S. oil industry ramps up, however, the U.S. administration is experiencing an embarrassing moment, Morse also said, referring to the White House’s accusations towards OPEC of being responsible for bringing more oil to the market to keep retail fuel prices lower.

“This is an embarrassing moment for the U.S. government under the Biden administration, which has been not looking at fossil fuels,” Morse said, adding that production in the Permian was already back to pre-pandemic levels and about to “explode”; with production next year.

In this context, Morse expects a year from now, OPEC may have to think about limiting production again as prices would fall dramatically from current levels.

By Irina Slav for Oilprice.com

[grupo guitarlumber] 22/11/2021 15:09

Goldman Sachs: Oil Price Plunge Is Not Justified By Fundamentals
By Tsvetana Paraskova - Nov 22, 2021, 9:00 AM CST

Goldman: The recent oil price decline is not justified by fundamentals
Since the end of October, Brent Crude prices have dropped by $8 per barrel to below $80 late last week
Goldman continues to keep its $85 forecast for average Brent prices this quarter

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The recent oil price decline is not justified by fundamentals, Goldman Sachs says, keeping its estimate of Brent averaging $85 per barrel in Q4.

The move lower in oil prices so far this month has been excessive amid overblown worries about a strategic petroleum reserve (SPR) release and a hit to demand from the COVID resurgence in Europe and the United States, the U.S. investment bank said in a note to clients carried by Argus.

Since the end of October, Brent Crude prices have dropped by $8 per barrel to below $80 late last week. Concerns about the global economy with the return of lockdowns in Europe and expectations of a coordinated release of reserves from the United States and major Asian oil consumers have dragged the price of oil down over the past two weeks.

Goldman Sachs, however, believes that these concerns are excessive.

“Our pricing model shows that the $8/bl price decline since late October is equivalent to the market pricing in a 4mn b/d combined hit to demand or increase in supply over the next three months,” Goldman Sachs’s analysts wrote in the note cited by Argus.

“This would be ... equivalent to a 100mn bl government stock release as well as a 1.75mn b/d hit to demand due to the current Covid resurgence,” the investment bank noted.

Goldman continues to keep its $85 forecast for average Brent prices this quarter, seeing the downward move as “excessiveR21;, especially in light of the fact that the oil market is still in a deficit.

Last week, the investment bank said that the market had already priced in a concerted release of crude oil from national reserves, adding that the U.S. was expected to release between 20 and 30 million barrels, with the rest of the group likely releasing a combined 30 million barrels.

After a 3% plunge on Friday, oil prices were slightly up on Monday morning, with Brent trading at just over $79 a barrel and WTI Crude at $76.15.

By Tsvetana Paraskova for Oilprice.com

[daniel levi bmd] 22/11/2021 09:22

FYI:

'The 3 Israeli's. The ADVFN Takeover Is On! £4?

ADVFNers! We're being Taken Over

Dan
x

[xxxxxy] 22/11/2021 09:05

Russia will invade in new year, says Ukraine militaryIntelligence officials claim Moscow will launch multi-pronged air and sea offensive in early 2022 in latest escalation of tensions.... Daily Telegraph

[adrian j boris] 22/11/2021 07:34

Shell to bolster presence in Australia with Powershop purchase

Mon, 22nd Nov 2021 06:58
Alliance News

(Alliance News) - Royal Dutch Shell PLC on Monday announced plans to purchase online energy retailer Powershop Australia for an undisclosed sum.

Powershop Australia is an electricity and gas retailer serving more than 185,000 customers in the Australian residential and small business markets. The company will form Shell's residential power platform in Australia, the group said.

"Our aim is to become a leading provider of clean power-as-a-service and this acquisition broadens our customer portfolio in Australia to include households," said Shell's Executive Vice President of Renewables & Energy Solutions Elisabeth Brinton. "Shell's presence across the entirety of our changing energy system means we are well-placed to manage complexity for customers so that we deliver simple, cleaner energy solutions."

The purchase

is subject to regulatory approvals and is expected to be completed in the first half of 2022.

Shell's A shares closed 0.7% higher at 1,671.80 pence each in London on Friday. Its B stock closed 0.7% higher at 1,675.80p.

Last Monday, Shell unveiled plans to put an end to its current 'A' and 'B' share structure, in a change it says will make life simpler for investors and also speed up share buybacks.

Instead of the current dual share structure, the oil major plans for a conventional single share structure. This would allow for an acceleration in distributions by way of share buybacks, reduce risk for shareholders, and let Shell manage its portfolio with greater flexibility, the company said.

The company will also align its tax residence to the UK. It has been incorporated in the UK with Dutch tax residence and a dual share structure since 2005.

Shareholders will vote on the planned changes at a meeting in the Netherlands on December 10.

By Will Paige; [e-mail]

[waldron] 22/11/2021 06:52

European markets set to start the week on a positive note

Published Mon, Nov 22 202112:50 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to start the week on a positive note, opening broadly higher on Monday.

The U.K.’s FTSE index is seen opening 10 points higher at 7,233, Germany’s DAX up 14 points at 16,173, France’s CAC 40 up 6 points at 7,118 and Italy’s FTSE MIB up 56 points at 27,393, according to data from IG.

[grupo guitarlumber] 21/11/2021 19:33

Shell CEO Says Company Needs Oil To Finance Clean Energy Future

Some oil companies insist they're doing everything they can to save the planet, but it seems they're taking their time.

Shell recharge solutions

Nov 21, 2021 at 1:15pm ET


By: EVANNEX


Posted on EVANNEX on November 21, 2021, by Charles Morris

A few years ago, when electric vehicles were considered an R&D project, the fossil fuel interests had little to say about them. Now that Tesla has grown to become a trillion-dollar company (larger than any of the legacy automakers, and larger than most of the “oil giants”), the petroleum crowd has launched a full-court press in the media. Every day, my LinkedIn feed is clogged with oil company-sponsored posts about how much they’re doing to green up their acts and save the planet for our grandchildren (to say nothing of the endless horror stories about EVs that come from who-knows-where).


I’ve seen some pretty laughable stuff, and I’m sure you have too, but this takes the cake. Ben van Beurden, Chief Executive of Royal Dutch Shell, told the BBC in a recent interview that his company wants to transition to net zero by 2050, but it will need the income from its oil and gas business to pay for it.

“At this point in time [the cash] comes from our legacy business,” Mr. van Beurden told the BBC, speaking at the gigantic Pernis oil refinery near Rotterdam, which he says Shell plans to transform from producing filthy petrol and diesel to making slightly cleaner biofuels and hydrogen—over the course of a decade. “If we have to build a hydrogen plant from a wind farm that we build in the North Sea for a billion dollars, that is not going to be funded by a hydrogen business—it will be funded by the oil and gas business.”

Even if we leave aside the question of whether hydrogen is anything other than a new market for oil and gas, this is the sort of argument that a philosophy textbook might use as an example of sophistry, circular reasoning, or any of various logical fallacies. It’s also the kind of argument that alcoholics and drug addicts use to justify one final binge.

Climate scientists agree that, if mankind is to avoid catastrophic environmental damage, we have to end the consumption of fossil fuels very soon. Not slightly reduce it, not gradually phase it out over the next three decades—end it.

Also highlighting the absurdity of the “we’ll quit tomorrow” argument is the fact that Shell and other oil majors have shown no intentions of winding down, or even freezing, what Mr. van Beurden calls their “legacy business”—au contraire, they want to expand it. Among other projects, Shell is currently working to develop a new oilfield called Cambo in the North Sea, which it hopes will produce 170 million barrels of oil. The company plans to spend four times as much on development of new oil and gas sources as on renewables next year. It is fighting several rulings by Dutch courts that would require it to reduce its emissions.

Shu Ling Liauw, of the research firm Global Climate Insights, has analyzed the oil firm’s spending plans, and estimates that Shell will be producing more emissions by 2030 than it is now. “Even if you’re very generous, and assume they get all the amounts of carbon capture and storage and offsets that they need...they will be increasing emissions until 2030, and still be producing significant amounts of emissions in 2050,” she told the BBC.

Oil companies have largely abandoned their attempts to argue that climate change is a myth, but now they’re pushing a variety of other arguments to justify the continued use of their products. Anyone who believes that these companies plan to make some sort of transition to renewable energy or EV charging, or that they’ll find a way to store, or remove, or hide, the pollution from burning fossil fuels, is smoking something, and it ain’t oil.

Birds got to fly, fish got to swim, oil companies got to drill. That’s what they do, and they will continue to use every means at their disposal—PR campaigns, political contributions, investments in clean energy firms—to eliminate any obstacles to doing so. And it’s no good blaming Shell or any other oil company for the situation. Oil is fungible, and if Shell doesn’t drill in the Arctic or the Gulf of Mexico or your neighbors’ backyard, some other company will. Nor can any government policies or regulations change this.

“I think this energy transition can be done but it will require a lot of orchestration and a lot of faith of society that it can be done,” says Mr van Beurden. “If you want to destroy the faith by driving up energy prices, by creating shortages or market failures, I think politicians are going to lose societal acceptance that this is actually doable.”

Here he does have a point. What he’s saying is that, if governments try to choke off the supply of oil, while the demand remains the same, consumers are going to say the heck with it, and start electing more “drill, baby drill!” strongmen. Reducing consumption requires incentives on both the supply and demand sides—that’s why California has both a ZEV mandate (to force automakers to sell EVs) and purchase incentives (to encourage drivers to buy them). And of course, one of the most important demand-side incentives of all is the growing selection of new, compelling EVs from Tesla and others.

There’s no doubt that oil companies have a part to play in the clean-energy transition. There are many things they can do to green up their acts, and that would be in their interest to do—for example, plugging their millions of abandoned wells to stop methane leaks. And protecting the workers whose oily livelihoods are fading away must be a top priority.

However, the non-negotiable bottom line is that the use of fossil fuels for transportation and energy generation must drop to near zero, and a lot sooner than 2050, and this is something the Shells and Exxons of the world will never, ever accept willingly. If there were no Tesla, and no government-mandated emissions regulations and ICE bans, does anybody really believe that oil companies (or automakers) would consider doing anything other than business as usual? Take another puff.

Big Oil doesn’t just want a seat at the table, they want to own the table, and control the discussion. At the recent COP26 conference, there were 503 delegates from fossil fuel companies—more than the largest delegation from any country. They’re using the same arguments we’ve heard from cigarette companies and drug-makers, shifting the blame to the consumers who use their products (because they have no other choice), meanwhile mounting massive campaigns of greenwashing and gaslighting to convince consumers and policymakers that it’s okay to keep burning billions of barrels of oil and gas.

Don’t fall for it. As Albert Einstein said, “We can’t solve problems by using the same kind of thinking we used when we created them.”



Written by: Charles Morris; Source/Video: BBC