Shell Share Discussion Threads

[xxxxxy] 25/10/2021 18:56

Call to reopen North Sea gas storage sitesNational Infrastructure Commission chairman Sir John Armitt says surge in gas prices threatens Britain's energy resilienceByTom Rees and Rachel Millard25 October 2021 • 10:00amThe Government's infrastructure tsar has warned that Britain's energy resilience is under threat as he called on ministers to consider reopening old gas storage facilities.Sir John Armitt, chairman of the National Infrastructure Commission, said the recent energy crisis "does challenge our resilience" after a surge in gas prices.The UK's most senior infrastructure adviser said a dearth of gas storage in the UK could be tackled by supporting the private sector reopening of Centrica's closed Rough site off the Yorkshire coast.Sir John told The Telegraph: "It is a bit stark isn't it when you see that our storage capacity is about 2pc of our demand and other places in Europe have got more like 20pc to 30pc storage capacity?".... Daily Telegraph

[waldron] 25/10/2021 14:54

25 Oct, 15:21

Nord Stream 2 certification requires legitimacy for exploitation, says German ambassador

The construction of Nord Stream 2 was fully completed on September 10

YEKATERINBURG, October 25. /TASS/. The Nord Stream 2 gas pipeline should be certified legitimately for its acceptance into service, German Ambassador to Russia Geza Andreas von Geyr told reporters.

"As far as I know, from the technical viewpoint the construction of Nord Stream 2 has been completed, and it is ready for being accepted into service, with the certification issue currently relevant. The certification should be legitimate and clean, once the procedure is passed the acceptance of Nord Stream 2 into service may be under consideration," he said when asked when the German regulator will allow supplies via Nord Stream.

The construction of Nord Stream 2 was fully completed on September 10. Before pumping can commence, the operator of the project should submit certificates of technical norms conformance to the Stralsund mining authority. It should also be registered as an independent transport operator - the Federal grid agency is to issue certification by January 8, 2022.

The agency cannot prohibit gas pumping, but if it starts before the registration is finalized the operator will be fined.


This registration is obligatory for meeting the norms of the EU Gas Directive.

[31337 c0d3r] 25/10/2021 13:15

Average UK petrol price hits new all-time-high, with analysts predicting even higher prices to follow.

[skinny] 25/10/2021 12:51

Brent toying with the October 2018 high.

[johnwise] 24/10/2021 17:23

VIDEO

Why You Should NOT Buy a Tesla!

[grupo guitarlumber] 24/10/2021 15:49

Upcoming events on ROYAL DUTCH SHELL PLC


OCTOBER/28/2021 Q3 2021 Earnings Release

[grupo guitarlumber] 24/10/2021 14:53

Nord Stream 2 can be launched without certification procedure

Source : 112 Ukraine

In particular, high gas prices and the beginning of the heating season may push the European Union to such a decision.

14:12, 24 October 2021

112 Agency

Adviser to the Minister of Energy of Ukraine Olena Zerkal stated the risk of launching the Russian Nord Stream 2 gas pipeline without a certification procedure, taking into account the situation on the European energy market.

This was discussed in an interview with Zerkal, Radio Liberty reports.

In particular, high gas prices and the beginning of the heating season may push the European Union to such a decision.


"There is such a risk. If no other options for solving this crisis are proposed, maybe they will take a risk.There will be a G20 meeting at the end of next week. They will also discuss how countries will overcome this energy challenge. Because Russia always takes advantage of crisis situations. And this perfect storm, which we now see, is used very well by Putin," Zerkal said.

According to her, the profits of the Russian state concern Gazprom in the first half of the year amounted to more than 10 billion.

It became known earlier that the first string of the Nord Stream 2 gas pipeline is filled with technical gas and is ready for operation.

[adrian j boris] 23/10/2021 11:58

Upcoming events on ROYAL DUTCH SHELL PLC


OCTOBER/28/2021 Q3 2021 Earnings Release

[xxxxxy] 23/10/2021 09:38

Major oil companies are expected to reveal booming profits after global gas prices soared.Shell is forecast to post quarterly revenue of $2.1bn (£1.5bn) for its natural gas division when it reports on Thursday, an almost three-fold increase on the same quarter last year.Gas prices have climbed globally amid a global crunch in supplies, with Asian spot liquified natural gas prices four times higher than during the third quarter of 2020.The rally is leading to painful increases in household bills across Britain and Europe, while factories have been forced to curb output.None the less, higher prices mean windfalls for producers as well as potentially for the pension pots invested in their stocks.Oil prices have also climbed, with Brent Crude rising more than 60pc since the start of the year to more than $85 on Friday.Shell's shares have climbed 35pc this year, to 1,749p, while BP's have climbed 40pc to 356p.Analysts at HSBC expect cash flows for the third quarter - covering July to September - among integrated oil companies to be double than those of a year ago."The strength of oil and gas prices means the companies are even more free cash positive than we had already expected," they said."While some of this excess free cash should enable them to accelerate low-carbon spending, much of it is likely to be seen in cash returns to shareholders."Shell is reaping the rewards of its £47bn purchase of rival BG Group, a major liquefied natural gas producer, in 2016.FTSE 100 rival BP is set to report third quarter results on November 2.HSBC believes its results "will show the strength of its excess free cash flow," albeit its "leverage to stronger oil and gas prices isn't as great as many of its peers".The sector is under growing pressure to invest more in renewable energy and cut carbon emissions.BP announced plans last year for a 10-fold increase in low carbon investment by 2030 and a 40pc fall in its own oil and gas production by 2030.Shell plans to cut the net carbon footprint of its products by 20pc by 2030 and by 100pc by 2050..... Yahoo Finance

[waldron] 23/10/2021 08:47

Grupo GuitarLumber
21 Oct '21 - 15:37 - 796 of 797
0 0 0
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.

[grupo guitarlumber] 23/10/2021 04:56

How Could COP26 Exacerbate Energy Supply Issues?

It is no secret that the world’s major economies are doing a poor job at achieving the goals laid out in the 2015 Paris Climate Agreement. Recent attempts to do so – by cutting coal consumption, for example – have created a scarcity of available electricity, which has disrupted global manufacturing chains based out of Asia (China), contributing to the rise in inflation felt in North America and Europe.

The goals outlined at COP26 over the coming weeks may be noble, but without available alternative energy sources – an abundance of renewables such as hydro, solar, and wind, as well as the typically controversial nuclear option – efforts to slow down and even reverse the planet’s warming may very-well provoke deeper problems for the world’s major economies in 4Q’21 and into 2022.


What Assets Could Be Impacted by COP26 Efforts?

From a trader’s perspective, the goals outlined at COP26 could prove to have a long-term impact on various markets, especially commodities and currencies. A reduction in oil production, for example, without available alternative energy sources, could provoke significantly higher energy prices in the short-term as demand remains robust.

Currencies whose economies are significant exporters of fossil fuels like the Australian Dollar, Canadian Dollar, and Norwegian Krone, could see increased speculation around potential for gains before the longer-term narrative of transitioning away from fossil fuels weighs on price action. Opportunity may continue to grow for those market participants that appear to be providing a solution to the problem, such as electrical vehicle companies like Tesla.

Long-term Technical Outlook for COP26-sensitive Assets

Oil and energy sit at the crossroads of geopolitics, largely because there are choices that can be made that can improve or diminish the supply/demand equilibrium of many of these markets. And while the various decisions around those choices may seem clear to you or I, messiness is a feature of democracy, not a bug, and this can often lead to an imbalance in policy from administration to administration. Messiness can set off a whole host of changes in the geopolitical picture.

This is very evident in oil production, which still succumbs to the supply constraints of major producers such as OPEC-plus, Russia, Canada and more recently, the United States.

As oil prices ran high in 2007 and 2008, the drive for US energy independence was high, and this led to significant investment in shale extraction which was previously thought of as impossible and/or far too costly. Shale extraction added significant supply to US oil potential but it also came with uncertain environmental consequences.

The concern around those environmental consequences has had profound impact, with support driven towards companies like Tesla that are working on a future with less reliance on fossil fuels.


Crude Oil

But in crude oil, the move that showed this year has the power to continue and with oil prices hitting a fresh seven-year-high, and while overbought on a shorter-term basis, there is little standing in the way of a run up to the 90-handle. The 100 level is a major psychological level and this is the point where the politics of oil might find its way back into the headlines as a major inflection point: Whether or not that’ll induce price action remains another matter entirely.



Natural gas faces some of the same problems as oil: extraction is dirty and brings unknown environmental consequences, adding significant red tape for new projects and this, of course, constrains supplies. It is necessary, however, for residential and commercial heating and the world relies heavily on this resource during the frigid winter months.

In Europe, there’s particular concern for this winter. Much of the continent’s natural gas supply comes from Russia or Norway, which makes them vulnerable to price changes and, of course, supply disruptions. The consequences of an adverse scenario are high, illustrated by the warning last month that UK supermarkets may face shortages of fresh food after a US fertilizer manufacturer suspended production due to rising gas prices. This cut off as much as 60% of Britain’s supply of carbon dioxide, which has a wide range of uses in the food chain.

One look at the Natural Gas chart shows that there could be more room for this trend to run, as prices have simply pushed up for a test of the eight-year high, plotted at 6.493.

October, thus far, has been a pullback; but support has showed up at a key spot, the 23.6% Fibonacci retracement of the 2005-2020 major move, which is confluent with the prior seven-year-high, plotted around the 4.824 area.

[geckotheglorious] 22/10/2021 17:46

supermarky
Post 18771
"sell half?"



biddy74
post 18772
"They’re about to return $7billion to shareholders so I’m sticking. And that’s before factoring in printing money day to day"

Sage advice Supermaky.
Am seriously considering.

Apparently Q3 results next week - Thursday.

Shell should be printing money.
A decent beat exepected.

:)

Shareholder return biddy. As long as it is divi rather than share buyback!!!
Agreed.Should be printing money.

[waldron] 22/10/2021 17:05

biddy

when might that be

biddy74
22 Oct '21 - 15:47 - 18772 of 18772
0 1 0
They’re about to return $7billion to shareholders so I’m sticking. And that’s before factoring in printing money day to day.

[biddy74] 22/10/2021 15:47

They’re about to return $7billion to shareholders so I’m sticking. And that’s before factoring in printing money day to day.

[supermarky] 22/10/2021 12:08

sell half?

[geckotheglorious] 22/10/2021 11:08

Starting to get itchy feet as well in profit on my Shell holding - and am firmly of the belief post that historic divi cut that it is no longer a case of "Never sell Shell" anymore.

:)

The macro outlook though does look bullish for further Poo rises(the only fly in the ointment being variant based shutdowns and slowing of the global economy)