Shell Share Discussion Threads

[tornado12] 03/11/2021 21:17

Oil back to 100 Mb/day and the world asking for big oil for immediate cuts without alternative proven solutions. No logic in such a push and what they should be doing is supporting big oil to make the divestment solutions using their O&G profits. They do not see them as part of the solution , rather see them as the problem. Is complete incompetence by certain governments and will lead to major power outages in those countries. However, the train has left the station and the direction of momentum is this one. Oil will be like tobacco, not loved but generates big cash and returns for many yrs to come . GLA

[waldron] 03/11/2021 19:30

Nord Stream 2 Too Late To Alleviate Europe's Winter Gas Crunch

By Tsvetana Paraskova - Nov 03, 2021, 1:30 PM CDT

The controversial Russia-led natural gas pipeline Nord Stream 2 will likely get approval from German and EU regulators, but this approval could also likely come too late to ease the gas shortages in Europe this winter season.

German authorities have signaled that they would certify the pipeline, which is completed and awaits an operational license from Germany. But the German authorization, expected no later than January 8, 2022, will then need a review of the European Commission, which is non-binding but has to find whether the pipeline and its operation complies with EU rules.

The EU has two months to decide and another two months to stall a decision, which could push the first actual gas flows on Nord Stream 2 to well beyond the winter season in Europe, to May 8, Bloomberg's Patrick Donahue notes.

Some analysts and EU member states such as Poland accuse Russia of using gas and energy as a weapon to continue exerting influence on the European gas market. The Kremlin, Vladimir Putin, and all Russian officials deny those accusations.

Russia signaled last week it would start filling European storage sites once Gazprom completes the filling of the Russian storage. But Moscow also says that an immediate boost to supply for European customers would come as soon as German authorities approve the controversial Nord Stream 2 pipeline.

Putin told Gazprom's CEO, Alexei Miller, last week that as soon as the Russian gas giant completes filling Russia's underground storage by or on November 8, "I would like you to start consistent and planned work on increasing the amount of gas in your underground depots in Europe – in Austria and Germany," per the English translation on the Kremlin website.

Putin's apparent promises of more supply sank natural gas prices at the end of last week.

Early this week, however, natural gas prices at the key European and UK hubs surged again on Monday, after gas flows on the Yamal-Europe pipeline from Russia reversed the direction eastward instead of westward through Germany.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

[lammergeier] 03/11/2021 19:07

Shell strikes back -about time!!!


Mr van Beurden says the decision on the Cambo oilfield is ultimately one for government but says it makes no sense to substitute UK resources for foreign imports to satisfy domestic demand.

He said: "Why would you say: Let's not get our oil and gas demands from our own resources but let's import from somewhere else, probably with a larger carbon footprint.

[xxxxxy] 03/11/2021 16:04

Reform Party...Give us a Referendum on Green Policy....Please....EAT OR HEAT. OR DEATH BY HYPOTHERMIA.REFERENDUM. REFERENDUM. REFERENDUM.Policy for all the people. Made by the people for the people.Elite, Get Out.Elite OUT. OUT. OUT.

[hyper al] 03/11/2021 12:31

How will Shell do this

"COP26: UK firms forced to show how they will hit net zero"



"By 2023, they will have to set out detailed public plans for how they will move to a low-carbon future - in line with the UK's 2050 net-zero target."

Shell had better start working on it.

Why would anyone invest in a hydrocarbon business now?

I note Shell is buying back its own share, like BP is doing. Maybe they can't find any institutions that want them.

Is this the oilies trying to support their shares during Transition. LOL

[supermarky] 03/11/2021 12:28

is shell just having a hard time this week because of the hot air bingo event of the year in Glasgow? I bet most of what is signed up for by certain countries will never happen. Pessimism but realism

[lippy4] 03/11/2021 11:26

deanroberthunt 049

are you being woke with that comment,it used to be bobs your uncle..

[loganair] 03/11/2021 09:23

I haven't watched much of Cop26, what I have seen however reminds me so much of a Labour Party Conference as at any time I'm expecting the speaker to say "dear comrade or brothers and sister," then using the word 'Composite."

The whole Cop26 has been a complete and utter farce and a waste of time, just a jolly for world leaders to meet up with their friends in big business.

[geckotheglorious] 03/11/2021 09:14

deanroberthunt
Post 19044
"If we hadn't cut down all the forests, CO2 wouldn't be an issue"

Planted 7 trees in my garden last year, 5 trees this year.

Can't do it on my todd people...

Need some help.

:)

[geckotheglorious] 03/11/2021 09:14

deanroberthunt
Post 19038
"It's a shame we don't, can't have a credible alternative to the Conservatives or Labour, both are bad for the country and the masses...but, maybe it's just the way power corrupts everyone, so even if we did, would they be any better, or is tyranny just the eventual default position ?"

People are too stupid to vote for such even if we had an option. Brexit was an aberration from the norm, and given it wasn't a GE, the "people" felt they could take a chance with their vote.

Much of the General Election voting is very sticky.

Majority of Conservative party wont vote for anyone else for fear that the similar majority who only ever vote Labour(despite remaining poor for ever!) will see a Lab majority/or minority coalition government.

There is therefore only a small "swing vote" similar to the USA where the country is Polarised 49/49% with 2% swing voting. UK swing voting segment is bigger, for the timebeing.

[partenope] 03/11/2021 09:12

from the WSJ on Monday




Shell Is the Greenest Big Oil Company. Look What That Got It.

[deanroberthunt] 03/11/2021 08:58

Notwithstanding post 19045, RDSB is now oversold on pretty much every indicator.

[porsche1945] 03/11/2021 08:48

2tornado

Where have you been living, the U.K. has been destroyed since 2008, terminal decline, terrible self harming politics thanks to the imbecile tories and no opposition party thats electable, its a race to the bottom. The U.K. heading for a hardcore recession….again.The U.K. did best under the early Blair government otherwise U.K. has been a black hole for 20 years.

My issue with U.K. listed/European oil companies is there are not enough people to buy the shares, funds are not holding them. Unless they buy back and cancel their own shares, and quickly, there just, like tobacco, are not enough buyers of the shares, they are unpopular companies listed on a hated exchange (ftse 100) denominated in a perma depreciating currency. Foreign buyers are hardly going to want them unless it’s like Third Point coming in for a break up. As soon as I am back to my buy price, 17.80, I’m out, for good. US stocks only and no more energy companies, just a nightmare and buying income/dividend stocks has become a capital destructive game of Russian roulette with U.K. dross companies as one after another they roll over.

[deanroberthunt] 03/11/2021 08:47

If we hadn't cut down all the forests, CO2 wouldn't be an issue

[deanroberthunt] 03/11/2021 08:42

I'm off to Mars with Elon to set up a political free utopia :)
..plus, Mars needs some global warming, I'll take my gas fired boiler with me

[deanroberthunt] 03/11/2021 08:41

Like preventing being able to sell your house because it has a gas-fired boiler, so then you have to spend £8-10k on replacing it with a "Green" boiler, which isn't anywhere near as good, cost effective or reliable.

...called sacrificing everyone else except yourself and the altar of virtue signalling

[loganair] 03/11/2021 08:40

We could do with increase CO2 levels from the current 418ppm to circa 600 ppm, this will be good for the plant life as plants will thrive better, give off more O2, become greener, grow more leaves thereby shrinking the desserts.

[tornado12] 03/11/2021 08:33

I agree with board comments and is nothing to do with Shell, but all to do with our given right to have a referendum on how fast we push green button. I’m all in favour of the vision , but the timing and fact we have no proven solution will only create chaos in our communities. Boris and his stupid brigade have no sense of responsibility or consequence, they just use the buzz words thinking this is solving the puzzle. I’m a conservative, but would vote firmly against his current plan without solution. This will destroy the UK

[deanroberthunt] 03/11/2021 08:30

6uild 6ack 6etter

[smith99] 03/11/2021 08:14

Good old Boris still banging on about building back better. Which is another way of saying we're going to destroy everything first. Not forgetting that WE (the proles) will own nothing and they will be happy. Just read that Leonardo de Caprio has just flown 8000 miles to collect a green award - are you kidding me ? We are truly living in clown world.

[waldron] 03/11/2021 07:40

Nord Stream 2 Is Still Months From Easing Europe’s Gas Woes

Patrick Donahue, Bloomberg News



(Bloomberg) -- Russia’s Nord Stream 2 may need a few more months to clear remaining red tape before the controversial pipeline begins pumping natural gas to Germany to help ease Europe’s energy crunch.

The Baltic Sea project, which has raised concerns over the Kremlin’s control of energy supplies to the continent, is complete and awaiting certification from German authorities. Russian President Vladimir Putin has pledged to step up gas supply -- and said Nord Stream 2 can be activated “the day after” regulatory sign-off.

However, the pipeline might not be approved until May 8 if regulators use all the time they’re allowed. Whether the bureaucrats would be willing to accelerate the process if Europe’s energy woes intensify remains to be seen.

Soaring energy prices coupled with below-capacity deliveries in recent weeks have prompted accusations from European officials that Russia is curbing supply to pile pressure on authorities to grant certification for the new link.

The political dial is unlikely to move. The German government under outgoing Chancellor Angela Merkel has been steadfast in its support for the project over the objections of the U.S. and some European Union partners, as well as Russia’s neighbor Ukraine.

With Olaf Scholz, a Social Democrat whose party has firmly backed the pipeline, seeking to form a new government to succeed her, a shift in policy is unlikely.

Here’s a look at what to expect:

German Approval

Germany’s Federal Network Agency has until Jan. 8 to issue a draft decision on certification, the end of a four-month window after the paperwork was submitted to German authorities.

Approval appears to be a foregone conclusion after the Economy Ministry in Berlin issued an assessment last month saying that Nord Stream 2 poses no risk to the energy supply of Germany and the EU.

EU Finding

The draft decision will then be handed over to the European Commission for review, particularly on whether the pipeline meets EU rules stipulating that the gas-transport business is separate from production and sales -- a process known as unbundling.

A group of senior European Parliament lawmakers wrote a letter to EU Energy Commissioner Kadri Simson last month warning that Nord Stream 2 doesn’t conform with unbundling requirements. They called for a “clear and robust” adherence to European energy rules.

But the Commission’s finding isn’t binding, limiting the scope to halt the project. More likely is a delay. The EU has two months to reach a conclusion, which can be extended for another two months.

Only then can Germany’s regulator grant certification -- potentially putting Nord Stream 2’s starting date well into next year.

“If the German regulator allows supplies tomorrow, deliveries will begin the day after tomorrow,” Putin said in Sochi last month.

Political Backing

Opposition to the pipeline, particularly among eastern EU member states such as Poland, remains strong, and the government in Warsaw last month called on the Commission to launch a probe into possible market manipulation by Nord Stream 2 owner Gazprom PJSC.

The EU executive arm said it’s quizzing gas producers and suppliers as it examines “all allegations of possible anti-competitive conduct” to check whether current price increases are related to antitrust breaches.

A political demise of the project is all but ruled out. Merkel agreed in a declaration with the U.S. that Germany will take action if Putin weaponizes energy, but there is little intention in Berlin to shut down the pipeline.

Scholz is holding talks to form a government with the Greens and pro-business Free Democrats, both of which were outspoken opponents of Nord Stream 2 on the campaign trail. But as the largest party in the government, the SPD would almost certainly block any language in a coalition accord that would endanger the project.