Shell Share Discussion Threads

[waldron] 16/12/2021 05:48

European markets set to surge at the open as investors digest Fed decision

Published Thu, Dec 16 202112:30 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open much higher on Thursday as investors in the region digest the U.S. Federal Reserve’s decision Wednesday to accelerate the reduction of its monthly bond purchases.

The U.K.’s FTSE index is seen opening 61 points higher at 7,235, Germany’s DAX 161 points higher at 15,651, France’s CAC 40 up 99 points at 7,028, Italy’s FTSE MIB 281 points higher at 26,974, according to data from IG.

[waldron] 15/12/2021 16:11

European Gas Prices Soar On Nord Stream 2 Block In Germany

By Irina Slav - Dec 15, 2021, 9:00 AM CST

Gas prices in Europe soared following Germany's decision to not approve the Nord Stream 2 pipeline yet

This means that the commissioning of the pipeline could be delayed until March next year.

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Natural gas prices in Europe soared higher after Germany indicated this week it had no intention of approving the Nord Stream 2 gas pipeline project before requirements under German law were satisfied.

However, Foreign Minister Annalena Baerbock also said that the situation in Ukraine was also a factor in the German government's decision on the matter.

"In the event of further escalation, this gas pipeline could not come into service," Annalena Baerbock told German media, as quoted by AFP, earlier this week.

The remarks follow a comment from Germany's new Prime Minister, Olaf Scholtz, that "It would be a serious mistake to believe that violating the borders of a European country would remain without consequences."

Meanwhile, the certification process for the infrastructure has been suspended by the German authorities because the pipeline must have an operator that is incorporated under German law.

This means that the commissioning of the pipeline could be delayed until March next year. It could be delayed even further because after Germany approves it—if it does—the project will have to go to the European Commission, which would be tasked with making sure it complies with EU regulations.

As a result, natural gas prices on the continent topped $1,400 per 1,000 cubic meters for the January futures. New threats from Belarus that it would turn the transit gas tap off for Europe if the EU decided to impose more sanctions on Minsk did not help matters, adding to upward price pressure.

Meanwhile, the European Union is this week discussing measures to tackle the gas shortage that is fueling the price rally and threatening energy supply this winter. Among the measures are joint gas buying for member states and more disciplined gas storage management to create strategic reserves to protect the countries and consumers.

By Irina Slav for Oilprice.com

[grupo guitarlumber] 15/12/2021 08:04

RBC is positive on the stock with a Buy rating. The target price is reviewed upwards from GBX 2350 to GBX 2500.

[waldron] 15/12/2021 06:19

European markets head for choppy open as investors focus on Fed decision

Published Wed, Dec 15 202112:36 AM EST

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open flat to higher Wednesday as investor focus turns to the Federal Reserve’s latest monetary policy decision.

The U.K.’s FTSE index is seen opening unchanged at 7,229, Germany’s DAX 44 points higher at 15,527, France’s CAC 40 up 17 points at 6,922 and Italy’s FTSE MIB 93 points higher at 26,652, according to data from IG.

[grupo guitarlumber] 14/12/2021 12:40

Shell acquires solar and energy storage developer Savion, further expanding its global renewable power business


News provided by
Shell

Dec 14, 2021, 07:00 ET


HOUSTON, Dec. 14, 2021 /PRNewswire/ -- Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie's Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio.

"Savion's significant asset pipeline, highly experienced team, and proven success as a renewable energy project developer make it a compelling fit for Shell's growing integrated power business," said Wael Sawan, Integrated Gas and Renewables & Energy Solutions Director. "As one of the fastest-growing, lowest-cost renewable energy sources, solar power is a critical element of our renewables portfolio as we accelerate our drive to net zero."

Savion specialises in developing solar power and energy storage projects and currently has more than 18 gigawatts of solar power and battery storage under development for a variety of customers, including utilities and major commercial and industrial organisations.

The Savion acquisition bolsters Shell's strategy to develop an integrated power business as it moves to become a net-zero emissions energy business by 2050, in step with society. As part of this strategy, Shell aims to sell more than 560 terawatt hours of power globally per year by 2030: twice as much electricity as the company sells today.

The acquisition is expected to close by year end.

Notes to editors

Savion's acquisition will expand Shell's existing solar and energy storage portfolio, where Shell holds interest in developers such as Silicon Ranch Corporation in the U.S., Cleantech Solar in Singapore, ESCO Pacific in Australia, owns sonnen, a smart energy storage company in Germany, and EOLFI, a wind and solar developer in France.
Savion is based in Kansas City, Missouri, U.S., and currently employs 126 staff. Savion has a pipeline of more than 18 gigawatts of solar and energy storage projects with over 100 projects under development in 26 states.
Subject to the satisfaction of closing conditions, Savion will be a wholly owned subsidiary of Shell, operating under its existing brand within Shell's Renewables & Energy Solutions Integrated Power business.
Shell has been providing energy to U.S. customers for more than 100 years and plans to remain an energy leader in the country for decades to come. According to the EIA, the U.S. is one of the three largest markets globally for renewable energy.
This acquisition falls within the 2021 Renewables & Energy Solutions cash capital expenditure budget of $2-3 billion as disclosed at Shell Strategy Day on February 11, 2021.
Shell aims to sell more than 560 terawatt hours globally per year by 2030 as part of its Integrated Power business, twice as much electricity as the company sells today, and expects to serve more than 15 million retail and business customers worldwide as a leading provider of clean Power-as-a-Service.
In February 2021, Shell set forth its Powering Progress strategy, including details of how it will achieve its target to be a net-zero emissions energy business by 2050, in step with society's progress as it works towards the Paris Agreement goal of limiting the increase in the average global temperature to 1.5°C. In October 2021, Shell set a target to reduce absolute emissions by 50% by 2030, compared to 2016 levels, which includes all Scope 1 and 2 emissions.
For more details on Shell's Powering Progress strategy, please visit For more details on Shell's climate target, please visit www.shell.com/climatetarget.

[waldron] 14/12/2021 05:54

Europe Markets

European markets head for lackluster open as omicron concerns weigh on sentiment

Published Mon, Dec 13 202111:58 PM EST

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open in positive territory but sentiment remains cautious amid the continuing spread of the omicron Covid variant.

The U.K.’s FTSE index is seen opening 18 points higher at 7,257, Germany’s DAX 17 points higher at 15,632, France’s CAC 40 up 5 points at 6,949 and Italy’s FTSE MIB 20 points higher at 26,586, according to data from IG.

[waldron] 14/12/2021 05:45

A consortium led by Keppel Corp. will pay up to US$150 million for a controlling stake in a Shell Eastern Petroleum (Ptd) Ltd. solar-energy platform, part of efforts to grow the Singaporean conglomerate's renewables business.

The Keppel consortium, which includes Keppel Asia Infrastructure Fund LP and an investor via Cloud Alpha Pte. Ltd., will acquire a 51% stake in Singapore-based Cleantech Renewable Assets Pte. Ltd., Keppel said late Monday.

Cleantech's existing shareholder, a unit of Netherlands-based Shell Petroleum NV, will hold the remaining stake in Cleantech.

The Keppel consortium will pay US$130 million for its stake, plus up to US$20 million more based on performance milestones. Keppel said it will pay for its share of the deal, amounting to up to US$90 million, via internal cash resources, with Cleantech becoming a Keppel subsidiary.

Cleantech is a solar energy platform with a focus on commercial and industrial segments in India, Thailand, Malaysia, Indonesia, Cambodia, Singapore and Vietnam. The company has total capacity of more than 600 megawatts in operation and development, and it targets achieving generation capacity of 3 gigawatts over the next five years, Keppel said. Cleantech's existing customers include Cargill Inc., Coca-Cola Co., Shell Lubricants and others.

Keppel expects Cleantech to benefit from growing regional demand for renewable energy, and it said the deal will help accelerate its growth in renewables as it works to expand its portfolio of such energy assets to 7 gigawatts of capacity by 2030.

It added that the acquisition marks KAIF's first renewable energy investment, forming the fund's "beachhead into the burgeoning solar-energy sector" in the Asia Pacific.

The deal is expected to close in the first quarter of 2022.



Write to Ben Otto at [e-mail]



(END) Dow Jones Newswires

December 13, 2021 20:12 ET (01:12 GMT)

[xxxxxy] 13/12/2021 15:04

Wholesale gas prices have surged as tensions grow over a Russian troop buildup at the Ukrainian border. Natural gas prices hit €115 per megawatt hour in Europemorning, their highest level since early October, while UK prices rose 12pc above 300p a therm.It underlines concerns that the diplomatic crisis could have implications for gas supplies. There is pressure on Germany to block approval of the Nord Stream 2 pipeline from Russia if President Putin invades Ukraine, with US President Joe Biden threatening the Kremlin with punishing economic sanctions if that happens. Mr Putin has been pushing for the pipeline to be approved, but Germany's foreign minister reiterated that the project does not yet meet EU rules.Separately, the EU's top diplomat, Josep Borrell, said that the bloc is in "deterrent mode" ahead of a meeting of foreign ministers. .... Daily Telegraph

[waldron] 13/12/2021 11:28

Royal Dutch Shell PLC said Monday that it has agreed to buy tolls payment products company MSTS Tolls from TreviPay.

The energy giant said the acquisition will help it deliver a best-in-class tolling experience for European commercial road transport customers.

The deal is expected to close toward the end of 2021, Shell said.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

December 13, 2021 05:27 ET (10:27 GMT)

[fhmktg] 13/12/2021 08:54

They have the free cash flow needed and their refinery real estate probably has the necessary security and connectivity to the grids.Interesting proposition and the scale factor to meet their 2050 goals.

[xxxxxy] 13/12/2021 08:18

Maybe partner to RR. My thoughts.

[p@] 13/12/2021 08:06

Shell should go into Nuclear.

[p@] 13/12/2021 07:51

xxxx-Because Windmills and solar are not producing or reliable in UK.

[xxxxxy] 13/12/2021 07:45

John Redwood@johnredwoodWhy are there official plans for more cables to the EU to import yet more electricity? We need to produce more of our own energy and electricity, not less. The EU is energy short and cannot be relied on. They rely on Mr Putin.

[waldron] 13/12/2021 07:22

European stocks set for higher start to the week as monetary policy decisions take center stage

Published Mon, Dec 13 20211:56 AM EST

Katrina Bishop
@KatrinaBishop
cnbc

Key Points

European stocks look set to start the week higher ahead of monetary policy decisions by some of the world’s largest central banks.

It is set to be an important week for monetary policy with the U.S. Federal Reserve, the Bank of Japan, the Bank of England and the European Central Bank all due to make decisions this week.

Credit Suisse announced an overhaul of its executive board early Monday.

LONDON — European stocks look set to start the week higher as attention shifts from the omicron Covid variant to monetary policy decisions by some of the world’s largest central banks.


The U.K.’s FTSE is seen opening 21 points higher at 7,319, the German DAX is seen up 71 points at 15,702 and France’s CAC is expected to open 31 points higher at 7,023, according to IG.

[waldron] 13/12/2021 05:48

Asia-Pacific markets trade higher across the board as investors focus on central bank meetings

Published Sun, Dec 12 20216:52 PM EST

Updated 3 Hours Ago

Saheli Roy Choudhury
@sahelirc
cnbc

Key Points

A number of high profile central banks are due to hold their monetary policy meetings this week, including the U.S. Federal Reserve, the Bank of Japan, the Bank of England and the European Central Bank.

Another test for markets this week would be whether the latest developments around the new Covid strain omicron can “derail risk sentiment,” according to Ray Attrill from the National Australia Bank.

[waldron] 12/12/2021 22:10

Germany’s New Leader Seeks to Ensure Gas Flows Through Ukraine

Patrick Donahue and Maciej Martewicz, Bloomberg News


(Bloomberg) -- German Chancellor Olaf Scholz said his government will “do everything” to ensure that natural gas continues to flow through Ukraine and prevent Russia from using its Nord Stream 2 gas pipeline to cripple the former Soviet republic’s economy.

During a three-hour trip to Poland on Sunday, Germany’s new leader didn’t directly address what, if any, action his government would take against the controversial pipeline as Russia amasses troops on Ukraine’s border. But he indicated that Germany’s ambition for carbon neutrality over the next quarter century will reduce gas supply from the east anyway.

For now, Scholz reinforced a pledge by his predecessor, Angela Merkel, that Germany would use its leverage to ensure that Russia extends its transit contract with Ukraine and help overhaul the east European country’s energy infrastructure.

“We feel responsible that the gas transit business is also a successful business,” Scholz said in Warsaw after a meeting with Polish Prime Minister Mateusz Morawiecki.

Morawiecki said the roll out of Nord Stream 2 could “tighten the noose” around Ukraine and repeated his call to stop the pipeline project. Scholz made his second trip to the Polish capital after being sworn in to succeed Merkel on Wednesday.

Scholz also said he prefers a “pragmaticR21; resolution to the escalating dispute between the European Commission and Warsaw over adhering to principles of the rule of law. The EU has been locked in dispute with the Polish government over its revamp of the judicial system.

[waldron] 12/12/2021 12:59

DEC 12 // 2021 WARSAW -1 °C // 1:53 PM

Nord Stream 2 on agenda of Morawiecki-Scholz Warsaw talks


Prime Minister Mateusz Morawiecki will meet later on Sunday with visiting German Chancellor Olaf Scholz for talks on EU affairs, security and energy issues, the Belarus migrant crisis and Nord Stream 2, a Russian gas pipeline to Germany.

During a visit to Rome on Thursday, Morawiecki said he would urge Scholz to rebuff Russian pressure and oppose the Nord Stream 2 gas pipeline, which would bring Russian gas directly to Germany, as it could be used by Moscow as a tool to blackmail Europe.

The government spokesman, Piotr Mueller, said on Sunday this will be the first meeting between the two since Scholz took the position of German chancellor.

The politicians have talked before, in late November, during Morawiecki's visit to Berlin as part of a series of meetings in European capitals on the situation on the Polish-Belarusian border.

According to Mueller, the topics of the Sunday meeting will include current bilateral and EU issues, "including in particular migration and energy issues.... security issues and the situation on the eastern border of the European Union."

Nord Stream 2 (NS2) is a contested Russian-German gas pipeline which bypasses Ukraine and endangers, according to its critics, energy security in Eastern Europe. Poland has repeatedly warned that NS2 will make Europe even more dependent on Russian gas and will put Europe at risk of blackmail by Moscow.

[ariane] 11/12/2021 12:18

Seems like a lot of lesser known US stocks to me

SHOULD YOU BE THAT INTERESTED TRY GOOGLING

Shell was my prime interest

[bogman1] 11/12/2021 11:24

What's on their 1 list Ariane?