Shell Share Discussion Threads

[grupo guitarlumber] 06/12/2020 10:11

DIVI DATES





Payment date December 16, 2020

[sarkasm] 06/12/2020 09:37

Why The World Can’t Quit Fossil Fuels
By Haley Zaremba - Dec 05, 2020, 5:00 PM CST
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Have the recent pronouncements of the death of oil and reigning renewables been more rhetoric than reality? Yes and no. It’s true that peak oil is now closer than ever, and globally we’re seeing a more earnest effort to decarbonize than ever before, in large part thanks to green stimulus packages for post-COVID economic recovery. But for all of the advances that green energy is making around the world, it’s just not enough to achieve the kind of greenhouse gas emissions reductions necessary to curb the impact of climate change. In fact, it’s not even close. This week Axios reported on the “chasm between CO2 goals and energy production,” saying that “projected and planned levels of global oil, natural gas and coal production are way out of step with the kind of emissions cuts needed to hold global warming significantly in check.” This reporting is based on a brand new study. The second annual “Production Gap Report” is the continuation of a project developed in collaboration with the United Nations Environment Programme (UNEP). The 2020 report was put together by the UN, the Stockholm Environment Institute, the International Institute for Sustainable Development, the Overseas Development Institute and the climate think tank E3G.

The purpose of the report, which is modelled after and alongside UNEP’s Emissions Gap Reports is to synthesize and communicate “the large discrepancy between countries’ planned fossil fuel production and the global production levels necessary to limit warming to 1.5°C and 2°C.” And, as it turns out, that discrepancy is still quite large, even after the COVID-19 pandemic took a huge bite out of fossil fuel demand and the oil and gas industry as a whole.

Related: UAE Oil Is A Vital Geopolitical Weapon Against China's Middle East Expansion

The report calculates the emissions that will be released from fuel combustion over the next calendar year based on projections and extrapolations of all the countries of the worlds’ planned and estimated fossil fuel extraction. The prognosis is grim. While meeting the Paris climate accord goal of limiting and maintaining long-term global warming to just 1.5° Celsius over pre-industrial temperature averages would require the global community to reduce fossil fuel production by a full 6 percent each year over the course of the next decade, right now most countries are reaching toward a reduction goal of just 2 percent--less than half of what is needed. Despite the fact that all 196 members of the United Nations Framework Convention on Climate Change (UNFCCC) signed onto the Paris Agreement, according to the 2020 Production Gap report, "countries are instead planning and projecting an average annual increase of 2 percent, which by 2030 would result in more than double the production consistent with the 1.5°C limit."

While the world is heading in the right direction overall to bring down greenhouse gas emissions on the eve of catastrophic climate change, it simply isn’t doing so with enough urgency. For example, while coal has had an especially rough year and seems to be on its very last legs as an industry, it would need to see a whopping 11 percent production cut every year until 2030 to comply with the 1.5°C pathway. It’s hard to see that happening when countries like China are falling back on coal in times of economic and energy insecurity.

Similarly, while OPEC+ is mulling over the idea of extending production cuts to keep oil prices afloat during this extended oil demand downturn, it would be shortsighted and naive to think that means the end of oil is upon us. While we may very well be living in the era of peak oil, that is a far cry from seeing a 6 percent annual decrease of the fuel that still overwhelmingly powers the global economy.

Ultimately, in spite of all the lofty rhetoric, “the pandemic-related production declines this year won't lead to the long-term changes needed to get on track toward those temperature targets.” For that we need human intervention and intentional economic and political restructuring, not just viral disruption.

By Haley Zaremba for Oilprice.com

[grupo] 05/12/2020 05:42

U.S. defense bill aims to thwart Russia's Nord Stream 2 pipeline
Dec. 04, 2020 5:45 PM ETPublic Joint Stock Company Gazprom (OGZPY)By: Carl Surran, SA News Editor43 Comments

The FY 2021 National Defense Authorization Act contains sanctions that backers say will halt the Russia-to-Germany Nord Stream 2 gas pipeline project.
The sanctions will seek to deprive Russia of the capability to upgrade Gazprom's (OTCPK:OGZPY) vessel to lay the type of pipe used in the project, as well as required insurance and certifications.
The NDAA is expected to win passage by the U.S. House early next week and soon after by the Senate, but Pres. Trump has warned he would veto the bill over a provision to strip the names of Confederate military leaders from U.S. bases, among other reasons.
Nord Stream 2's European financial backers are Royal Dutch Shell (RDS.A, RDS.B), BASF (OTCQX:BASFY), Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).
The NDAA authorizes $732B in discretionary spending for U.S. defense, including $10B to buy 93 Lockheed Martin (NYSE:LMT) F-35 fighter jets after the Trump administration requested 79, and the Virginia-class submarine made by General Dynamics (NYSE:GD) and Huntington Ingalls (NYSE:HII).

[waldron] 04/12/2020 18:09

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[waldron] 04/12/2020 09:30

Shell CEO Hopeful Biden Will Speed Up Climate Change Fight

Laura Hurst, Bloomberg News



(Bloomberg) --

The change in the U.S. presidency will bring the collaboration and set of progressive policies needed to tackle the energy transition, Royal Dutch Shell Plc’s chief executive officer said.

President Donald Trump pulled the U.S. out of the Paris Agreement on global warming and railed back environmental protections while promising to keep the coal industry alive.

“I’m quite hopeful that with the new administration coming in, there will be change of sentiment and hopefully a change of direction,” Ben van Beurden said in the Web Summit conference. Without increased cooperation “I don’t think we are going to succeed in the energy transition.”

While it’s too early to say what exactly President-elect Joe Biden’s energy policies will be, his vow to rejoin the climate deal “is a pretty good start,” Van Beurden said. Some of Biden’s ideas are “not bad,” but it will be important to see how the practicalities of these policies play out.

Shell operates multiple assets in the U.S. including offshore platforms in the Gulf of Mexico, shale oil in the Permian Basin, as well as refining and chemical plants. Van Beurden described it as the company’s most important country, into which almost half of its investment program goes, and a third of capital employed sits.

In April, Shell expanded its green ambitions, pledging to eliminate all net emissions from its own operations, as well as the bulk of greenhouse gases from fuel it sells to customers by 2050. The company also said it would ultimate only do business with emission-free companies.

Government Support

But support from governments to press ahead with the energy transition has not been sufficient up to now, Van Beurden said.

“Many of the changes that need to happen can only be made and mandated by governments” such as carbon pricing, he said.

The 62-year old Dutchman acknowledged that it would take time and greater investment into renewables for much of society’s negative perceptions of Big Oil to change.

“We have to show that our investment program is shifting away from just investing in resources to much more differentiated things like hydrogen, biofuels, renewable power and nature,” he said. These currently constitute about 11% of Shell’s investment program, but will rise to 25%.

European oil and gas majors have spent much of the year announcing ambitions to shift investment into cleaner, greener technologies. But for investors, this has raised questions of how balance sheets will be affected.

Renewables have typically brought in returns of 5% to 6%, falling short of higher double-digit returns that oil and gas projects can deliver. European Big Oil has stressed that it can boost those figures to 10%, if not more, thanks to trading, access to low-cost funding and integration.

[grupo guitarlumber] 03/12/2020 16:37

BARRONS



Markets

Shell’s Cash Flow Story Is ‘Too Good to Ignore.’ It’s Time to Buy the Stock, Says Bernstein.

By Barbara Kollmeyer
Dec. 3, 2020 8:50 am ET


The energy sector has been most unloved this year, and with that, shares of big companies like Royal Dutch Shell, with those shares down 39% year-to-date, though up by that much in the latest quarter so far.

What’s to love about the company right now is the cash flow momentum, say analysts at Bernstein Research, who have upgraded Shell to outperform from market perform.

[grupo guitarlumber] 03/12/2020 14:58

Gazprom Neft, Shell set up JV to develop Gydan Peninsula hydrocarbon cluster

Oil & GasUpstreamExploration

By NS Energy Staff Writer 03 Dec 2020

The joint venture will study and develop Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula
shell-main

Gazprom Neft, Shell establish partnership to develop hydrocarbon cluster. (Credit: Gazprom Neft PJSC)

Russian oil producer Gazprom Neft has concluded a deal with Royal Dutch Shell to establish a joint venture (JV) for the development of a major hydrocarbon cluster on the Gydan Peninsula.

The transaction follows an agreement signed by both the companies to establish the JV in July this year.

As per the terms of the deal, the two companies will have an equal interest in the charter capital of the joint venture.

The joint venture will study and develop the onshore Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula.

The two companies will consolidate their capabilities and competences to develop the exploration cluster, which is located in the north—eastern part of the Gydan Peninsula.

Covering over 3,000km² of area, the Leskinsky licence block is located in the Taymyr district of the Krasnoyarsk Krai.

Its hydrocarbon resources are estimated to be more than 100 million tonnes of oil equivalent (mtoe).
Pukhutsyayakhsky block estimated to contain 35 mtoe

Located in the Tazovsky district of the Yamal-Nenets Autonomous Okrug, the Pukhutsyayakhsky block covers an area of more than 800km2 and is estimated to contain nearly 35mtoe.

Gazprom Neft Exploration and Production deputy CEO Vadim Yakovlev said: “We’ll be splitting investments on this project with our strategic partner, Shell, and combining our experience and technological expertise.

“Going forward, data on the structure of these blocks will make a major contribution to investigating these as yet undeveloped areas.”

The company said that the 2D seismic survey has already been completed on both Leskinsky and Pukhutsyayakhsky license blocks.

Currently, the prospecting and appraisal activities are being undertaken at the Leskinsky block to collect data that will be utilised to refine the geological concept and prepare a future project development plan.

Gazpromneft-GEO, which is established to execute major geological prospecting projects, will be the operator on the initial stage of the project and will be responsible for exploration works at Leskinsky and the Pukhutsyayakhsky blocks.

[grupo guitarlumber] 03/12/2020 14:44

Gazprom Neft, Shell set up JV to develop Gydan Peninsula hydrocarbon cluster

Oil & GasUpstreamExploration

By NS Energy Staff Writer 03 Dec 2020

The joint venture will study and develop Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula
shell-main

Gazprom Neft, Shell establish partnership to develop hydrocarbon cluster. (Credit: Gazprom Neft PJSC)

Russian oil producer Gazprom Neft has concluded a deal with Royal Dutch Shell to establish a joint venture (JV) for the development of a major hydrocarbon cluster on the Gydan Peninsula.

The transaction follows an agreement signed by both the companies to establish the JV in July this year.

As per the terms of the deal, the two companies will have an equal interest in the charter capital of the joint venture.

The joint venture will study and develop the onshore Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula.

The two companies will consolidate their capabilities and competences to develop the exploration cluster, which is located in the north—eastern part of the Gydan Peninsula.

Covering over 3,000km² of area, the Leskinsky licence block is located in the Taymyr district of the Krasnoyarsk Krai.

Its hydrocarbon resources are estimated to be more than 100 million tonnes of oil equivalent (mtoe).
Pukhutsyayakhsky block estimated to contain 35 mtoe

Located in the Tazovsky district of the Yamal-Nenets Autonomous Okrug, the Pukhutsyayakhsky block covers an area of more than 800km2 and is estimated to contain nearly 35mtoe.

Gazprom Neft Exploration and Production deputy CEO Vadim Yakovlev said: “We’ll be splitting investments on this project with our strategic partner, Shell, and combining our experience and technological expertise.

“Going forward, data on the structure of these blocks will make a major contribution to investigating these as yet undeveloped areas.”

The company said that the 2D seismic survey has already been completed on both Leskinsky and Pukhutsyayakhsky license blocks.

Currently, the prospecting and appraisal activities are being undertaken at the Leskinsky block to collect data that will be utilised to refine the geological concept and prepare a future project development plan.

Gazpromneft-GEO, which is established to execute major geological prospecting projects, will be the operator on the initial stage of the project and will be responsible for exploration works at Leskinsky and the Pukhutsyayakhsky blocks.

[the grumpy old men] 03/12/2020 08:12

Royal Dutch Shell plc Royal Dutch Shell Plc Third Quarter 2020 Euro And Gbp Equivalent Dividend Payments
03/12/2020 7:00am
UK Regulatory (RNS & others)


TIDMRDSA TIDMRDSB


The Hague, December 3, 2020 - The Board of Royal Dutch Shell plc ("RDS")
today announced the pounds sterling and euro equivalent dividend
payments in respect of the third quarter 2020 interim dividend, which
was announced on October 29, 2020 at US$0.1665 per A ordinary share ("A
Share") and B ordinary share ("B Share").

Dividends on A Shares will be paid, by default, in euros at the rate of
EUR0.1386 per A Share. Holders of A Shares who have validly submitted US
dollars or pounds sterling currency elections by November 27, 2020 will
be entitled to a dividend of US$0.1665 or 12.48p per A Share,
respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at
the rate of 12.48p per B Share. Holders of B Shares who have validly
submitted US dollars or euros currency elections by November 27, 2020
will be entitled to a dividend of US$0.1665 or EUR0.1386 per B Share,
respectively.

Euro and pounds sterling dividends payable in cash have been converted
from US dollars based on an average of market exchange rates over the
three dealing days from 30 November to 2 December 2020.

This dividend will be payable on December 16, 2020 to those members
whose names were on the Register of Members on November 13, 2020.

Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch
dividend withholding tax at the rate of 15%, which may be reduced in
certain circumstances. Non-Dutch resident shareholders, depending on
their particular circumstances, may be entitled to a full or partial
refund of Dutch dividend withholding tax.

If you are uncertain as to the tax treatment of any dividends you should
consult your tax advisor.

Note

A different currency election date may apply to shareholders holding
shares in a securities account with a bank or financial institution
ultimately holding through Euroclear Nederland. This may also apply to
other shareholders who do not hold their shares either directly on the
Register of Members or in the corporate sponsored nominee arrangement.
Shareholders can contact their broker, financial intermediary, bank or
financial institution for the election deadline that applies.

[the grumpy old men] 03/12/2020 08:11

ROYAL DUTCH SHELL PLC

Notice of Results

The Hague, December 3(rd) 2020 - On Thursday February 4(th) 2021 at
07:00 GMT (08:00 CET and 02:00 EST) Royal Dutch Shell plc will release
its fourth quarter results and fourth quarter interim dividend
announcement for 2020.

[waldron] 02/12/2020 17:31

Shell begins permanent shutdown of Convent refinery
Dec. 02, 2020 11:44 AM ETRoyal Dutch Shell plc (RDS.A)By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A +4.5%) says it started the permanent shutdown of its 211K bbl/day Convent, La., refinery, which the company has been unable to sell because of sharply reduced fuel demand during the pandemic.
The shutdown began when Shell reportedly idled the 12K bbl/day isomerization unit on Monday night, and then it took offline the refinery's 36K bbl/day diesel hydrotreater.
Shell has said it will keep the refinery on the market after it completes the shutdown by the Christmas holiday.
Shell and the United Steelworkers union reached agreement last week on a severance package for 350 hourly workers at the plant.
Royal Dutch Shell is "committed to steadily increasing its dividend going forward, and it has a diversified portfolio with a heavy downstream focus to back it up,"

[maywillow] 02/12/2020 13:10

Germany may have found loophole to dodge US sanctions against Russia's Nord Stream 2 gas pipeline – report

2 Dec, 2020 09:02

Germany may have found loophole to dodge US sanctions against Russia's Nord Stream 2 gas pipeline – report


Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources.

The slush fund is aimed at tackling the problems of climate change, and may identify the project as the most important element of environmental protection. The measure is reportedly being considered by local authorities in the German state of Mecklenburg-Vorpommern.

Under the plan, the state government would reportedly launch an enterprise whose products and services would be used only for completing the construction of the Nord Stream 2 pipeline.

The fund would provide German firms with an opportunity to supply services to the Russian side. Technically, German companies won't cooperate with the Nord Stream 2 project, led by Russian energy giant Gazprom, and therefore won't become subject to the US sanctions.

The pipeline is being constructed by Gazprom's subsidiary Nord Stream 2 AG in close cooperation with five European energy majors. The gas route, which runs under the Baltic Sea, is set to double the existing pipeline's capacity of 55 billion cubic meters annually.


The project faced sharp criticism from Washington which has repeatedly blasted Europe for over-reliance on Russian energy supplies, and accused Russia of monopolizing the European energy market.

Seeking to boost sales of US liquefied natural gas to Europe, the White House issued special guidelines for its Protecting Europe's Energy Security Act (PEESA), allowing the State Department to introduce sanctions against each and every firm cooperating with the Russian energy project.

RT.COM

[la forge] 02/12/2020 08:33

SHELL A : Upgraded to Buy by JP Morgan
12/02/2020 | 06:52am GMT


JP Morgan's analyst Christyan Malek has upgraded his rating from Neutral to Buy.

The target price is being increased from GBX 1600 to GBX 1700.

[grupo] 02/12/2020 08:13

DIVI DATES





Pounds sterling and euro equivalents announcement date December 3, 2020

Payment date December 16, 2020

[the grumpy old men] 02/12/2020 05:55

BHP taps Shell to supply LNG to fuel iron ore cargo to China
Dec. 01, 2020 2:23 PM ETBHP Group (BHP)By: Carl Surran, SA News Editor

BHP says it awarded a five-year contract to Royal Dutch Shell (RDS.A, RDS.B) to power five liquefied natural gas-powered ships carrying iron ore to China from Western Australia, following a tender process it issued last year.

BHP Chief Commercial Officer Vandita Pant says the LNG-fueled vessels should help the company cut carbon emissions by 30% on a per voyage basis vs. a conventionally-fueled voyage on the same route, and contribute to the miner's 2030 goal to support 40% emissions intensity reduction of BHP-chartered shipping of its products.

The contract is BHP's first such LNG supply agreement; the company's pivot towards LNG is part of a plan to cut carbon emissions and meet International Maritime Organization regulations on a 0.5% sulfur limit in marine fuels that took effect this past January.

Pant says the contract with Shell should account for as much as 10% of forecast Asian LNG bunker demand in FY 2023.

BHP is an "increasingly diversified commodities play offering a sustainable 5% yield," Opal Investment Research writes in a bullish report recently posted on Seeking Alpha.

[the grumpy old men] 01/12/2020 07:18

THE SCOTSMAN

Shell: Court case in Netherlands could force fossil fuel companies to get out of oil and gas altogether – Dr Richard Dixon
Shell is in court today in the Netherlands for the first day of a case which could see them have to get out of fossil fuels altogether.

By Richard Dixon

Tuesday, 1st December 2020, 7:00 am

Fossil fuel companies will be nervously watching a court case in the Netherlands which seeks to make oil giant shell change its strategy, says Richard Dixon

Shell is the second-biggest oil company in the world and around the globe it is responsible for twice as much carbon dioxide emissions as the country it is based in, the Netherlands. And, despite knowing about the role of fossil fuels in climate change for decades and despite the targets in the Paris Agreement of 2015, the company is still investing in expanding production and has actively tried to block action on the climate crisis.

In April 2018, our sister Friends of the Earth group in the Netherlands and six other organisations announced they would take Shell to court if it did not change course. In April 2019, the court case began, and it is now backed by over 17,000 ordinary citizens as co-plaintiffs. There are expected to be four days of hearings this month with a judgement from the court expected in January.

[the grumpy old men] 01/12/2020 06:52

BHP seals deal with Shell to fuel LNG-powered ship fleet

December 1, 2020 — 4.10pm

Mining giant BHP has awarded Shell a landmark contract to supply fuel for the world's first fleet of liquefied natural gas-powered Newcastlemax bulk carriers as it seeks to lower shipping emissions.

As part of the company's pledge to slash emissions across its supply chain, BHP this year said it would charter five vessels from Eastern Pacific Shipping, powered by liquefied natural gas (LNG) instead of bunker fuel, to carry 10 million tonnes of iron ore a year from Australia to China from 2022.
BHP has awarded Shell a contract to fuel the world's first fleet of LNG-powered bulk carriers.

BHP has awarded Shell a contract to fuel the world's first fleet of LNG-powered bulk carriers.Credit:Robert Peet

Using carriers powered by LNG rather than diesel would eliminate NOx (nitrogen oxide) and SOx (sulphur oxide) emissions, and sharply reduce carbon dioxide emissions, according to the miner.

BHP chief commercial officer Vandita Pant said awarding the contract to Shell marked a significant step in the company's ambitions of reducing the carbon footprint across its shipping supply chain.


"LNG-fuelled vessels are forecast to help BHP reduce carbon dioxide-equivalent emissions by 30 per cent on a per-voyage basis compared to a conventional fuelled voyage between WA and China, and contribute to our 2030 goal to support 40 per cent emissions-intensity reduction of BHP-chartered shipping of our products," Ms Pant said.

BHP 'sets new bar' with carbon cuts targeting steel mills, shippers

The contract, which BHP said was the result of a tender process including several potential LNG suppliers, comes as the resources industry faces pressure from some of the world's biggest investors to expand their carbon-reduction ambitions to take responsibility for emissions caused by the transport and end-use of their resources around the world, known as "Scope 3" emissions. BHP earlier this year became the first major resources company to commit to Scope 3 targets, aiming for a 30 per cent reduction in the emissions intensity of customers like steel mills and power plants that purchase their products, as well as the 40 per cent cut across its chartered shipping.

Shell Energy executive vice-president Steve Hill congratulated BHP on reducing emissions in their maritime supply chain with the world's first LNG-fuelled Newcastlemax bulk carriers.

"Decarbonisation of the shipping industry must begin today and LNG is the cleanest fuel currently available in meaningful volumes," he said.

"This LNG bunkering contract strengthens the bunkering market in the region and we look forward to working with BHP and other customers in the maritime sector on their journey to a net-zero emissions future."

In the shipping industry's biggest overhaul in decades, new emissions standards were introduced this year slashing sulphur levels permitted in maritime fuel. The changes prompted exporters including BHP to seek out cleaner alternatives to heavy fuel known as bunker fuel, which, until now, has been the shipping industry's main fuel source. The United Nations International Maritime Organisation has also set goals to halve carbon dioxide emissions generated by shipping by 2050 compared to 2008 levels.


Mining
BHP Billiton

Nick Toscano


Business reporter for The Age and Sydney Morning Herald.

[waldron] 30/11/2020 18:13

Brent Crude Oil NYMEX 47.36 -1.84%
Gasoline NYMEX 1.23 -2.56%
Natural Gas NYMEX 2.90 +1.83%
WTI 44.845 USD -0.69%


FTSE 100
6,266.19 -1.59%
Dow Jones
29,564.16 -1.16%
CAC 40
5,575.16 -0.41%
SBF 120
4,408.75 -0.44%
Euro STOXX 50
3,492.54 -1.24%
DAX
13,291.16 -0.33%
Ftse Mib
22,191.88 -0.72%



Eni
8.303 -3.25%


Total
36.57 -3.00%



Engie
12.51 -0.08%

Orange
10.655 -0.33%



Bp
247.65 -5.80%

Vodafone
123.68 -0.98%

Royal Dutch Shell A
1,271.2 -5.09%


Royal Dutch Shell B
1,234.2 -5.35%

TULLOW
27.87 -3.83% (-1.11)

[undervaluedassets] 30/11/2020 17:44

market (FTSE100) collapsed some 60 points in the last minute of trading..

I have never seen that