Shell Share Discussion Threads

[waldron] 30/6/2017 11:14

it appears for a brief moment the share price might be in the 1975 to 2075 Box

i see that many are predicating a substantial jump in oil and share price

to year end

i wonder whether the optimists will get their up to 50pc heist

only time will tell

[ariane] 29/6/2017 14:03

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A picture shows the logo of Anglo-Dutch oil giant Shell
Shell Taken to Court Over Complicity in 1995 Execution of 9 Nigerians
© AFP 2017/ ERIC PIERMONT
World
14:50 29.06.2017Get short URL
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Royal Dutch Shell has been accused of complicity in the executions of nine activists in Nigeria in 1995 following the launch of a legal case filed in the Netherlands by widows of four of the "Ogoni Nine," a prominent human rights watchdog said Thursday.

A sign shows the price of gasoline at a Shell station near downtown Detroit on Thursday, Jan. 1, 2015.
© AP Photo/ David N. Goodman
Shell Denies Knowledge of 'Murky' Oil Deal 'Robbing' Nigerian People
MOSCOW (Sputnik) – The so-called Ogoni Nine were activists from the Ogoni region of Nigeria, who were hanged in 1995 for allegations that were later proven false. The activists were led by Ken Saro-Wiwa and protested both Shell and the Nigerian government, accusing them of hurting the environment while producing oil. Two prosecution witnesses admitted that the government had bribed them to incriminate the accused, including with jobs at Shell, and that the oil giant’s lawyer was present when they were bribed. The company has repeatedly denied these accusations.

"Oil giant Shell stands accused of complicity in the unlawful arrest, detention and execution of nine men who were hanged by Nigeria’s military government in the 1990s, Amnesty International can reveal today, following the launch of an explosive new case against the company in the Netherlands over four of the executions," Amnesty International said in a statement.

Shell Nigeria said in a response to Amnesty International that the allegations were “false and without merit”.

In 2002, one of the activists’ widows, Esther Kiobel, filed a case against Shell in New York. In 2013, the US Supreme Court ruled that the United States did not have jurisdiction without hearing the substance of the case. Amnesty supports her legal team in the new case.

In the 1990s, Shell in Nigeria was a wholly-owned subsidiary of Royal Dutch and Shell, which merged later, and its operations were overseen by a European-based managing committee. Royal Dutch Shell is currently the largest European oil company and sixth largest world in terms of revenue.

[fangorn2] 29/6/2017 12:38

"The widows of four of nine men executed by Nigeria's military regime in 1995 have filed a civil lawsuit seeking compensation and an apology from Royal Dutch Shell
for alleged complicity in a military crackdown,according to a writ filed in a court in The Hague"


Anyone know the background behind this?

Not sure how an Oil company can be held liable for the actions of the militia/Army of the country in which they operate.

"Alleged complicity"

How were unarmed Shell executives meant to stop them exactly?

[steve73] 27/6/2017 03:00

Having worked with both I would have to say neither..!!!

Although currently invested with both.

[2hoggy] 26/6/2017 22:08

Which is the best run would you say,bp or shell??????

[maywillow] 26/6/2017 11:12

Dividend Payment date June 26, 2017

[sarkasm] 26/6/2017 08:08

Dutch Quakes Rattle Exxon, Shell -- WSJ
26/06/2017 8:02am
Dow Jones News

Shell B (LSE:RDSB)
Intraday Stock Chart

Today : Monday 26 June 2017
Click Here for more Shell B Charts.

Big gas field is causing tremors, exposing energy firms to criminal probe and rising bills

By Sarah Kent

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the US print edition of The Wall Street Journal (June 26, 2017).

GRONINGEN, The Netherlands -- For decades, the giant Groningen gas field beneath the flat, green farmland in the north of this country counted among the greatest prizes for Exxon Mobil Corp. and Royal Dutch Shell PLC.

Then the earthquakes started.

The exploitation of Groningen -- the biggest gas field in Europe -- has been causing tremors for over two decades, rattling a bucolic province with no previous history of quakes and exposing two of the world's biggest energy companies to a criminal probe and rising reconstruction bills.

Amid a public outcry, the Dutch government has imposed increasingly strict limits that have more than halved Groningen's gas production since 2013. Now, authorities are proposing another 10% cut in hopes of further reducing earthquakes. And a Dutch public prosecutor is preparing to open a criminal investigation into responsibility for the earthquakes.

Shell and Exxon are pushing back through their joint venture, Nederlandse Aardolie Maatschappij BV or NAM. The venture says cutting output even more is "out of proportion and not effective," and would create uncertainty about the legal framework for its operations. It warns that continuous changes to the production level may ultimately threaten the business's profitability.

NAM said it is considering formally contesting the government's decision. It also expressed surprise at the Dutch court order to the prosecutor to open a criminal investigation this year, since the authorities had previously found no grounds for such action. The state will take a decision on whether to prosecute once the investigation is complete.

Groningen was expected to be one of the world's largest gas producers for decades to come. Last year, it made up almost 10% of both Exxon and Shell's total gas production globally and its reserves are among the companies' largest undeveloped resources.

Moreover, the field's profits have been lucrative for the Dutch government, which not only collects taxes from NAM but is also a 40% stakeholder in the field. Since production began, the field has generated almost EUR300 billion ($335 billion) for Dutch coffers.

Exxon named restrictions on Groningen as a factor contributing to a nearly 4% decline last year in its global natural-gas output. Shell said Groningen issues were largely responsible for a decline of 636 billion cubic feet in proven reserve estimates for its European joint ventures, equivalent to nearly 2% of the company's total gas reserves at the end of 2016.

Under the current arrangement, the government bears 64% of the costs related to compensation to residents, efforts to reinforce buildings, lawsuits and other items.

It isn't the first time seismic activity has caused controversy in the energy industry. A U.S. debate has raged for years over whether water injection related to drilling has caused earthquakes in Oklahoma and Texas. Earthquakes like the ones in Groningen are less known and less understood.

Groningen's quakes were first officially linked to gas production in the 1990s, nearly 30 years after work on the field began. Decades of production have caused pressure in the porous ground containing the gas-bearing reservoir to decrease, according to the Shell-Exxon venture and the Dutch government. That increased the stress on natural faults, resulting in the earthquakes, the company and government say.

The tremors have caused widespread damage, though no deaths, in a province of nearly 600,000 people.

A large majority of the temblors registered low magnitudes of between 1.5 and 2, and early on NAM dismissed them as little more than a nuisance. But the public and authorities snapped to attention in 2012, when an earthquake of magnitude 3.6 rippled through Groningen province.

The region's homes and infrastructure, built on flat land, weren't designed to withstand even such low seismic instability. The tremors occur where Groningen's gas lies -- just under 2 miles below ground level. That relatively shallow depth, and more significantly the soft, clay-like topsoil in much of the region, make for stronger ground movements than expected from earthquakes of such magnitude, according to the Netherlands State Supervision of Mines, which regulates gas extraction.

"The impact on the houses and streets is a split second. There are no rocks in between," said Hans Alders, a Dutch government official appointed to oversee efforts to strengthen and repair the province's buildings and infrastructure.

In a 2015 report, the Dutch Safety Board said NAM and the country's Ministry of Economic Affairs failed to "act with due care for citizen safety" and didn't adequately research the risks posed by earthquakes.

The government said it has recognized that mistakes have been made and has implemented the report's recommendations.

NAM hasn't disputed the findings and has made several public apologies. It has acknowledged liability for earthquake-related damage and paid out hundreds of thousands of euros in compensation, poured millions more into a fund to stimulate the region's flagging economy and put aside more than EUR1 billion, mostly for a program to strengthen and repair buildings in the area. The bill is expected to grow.

NAM said while it would meet all its liabilities, it isn't possible to predict the exact costs of strengthening and repair in the years ahead.

The gas company could also be on the hook for nearly EUR8 billion to fully compensate residents throughout the region for losses to property value and psychological damage, said Pieter Huitema, a Groningen lawyer who brought two successful civil suits on those issues.

NAM is appealing both lawsuits and said all numbers relating to the size of potential liabilities are unsubstantiated. The company said it already has a system to compensate residents for lower property values and needs more clarification on how to establish psychological damages.

Both Shell and Exxon said they are confident NAM could produce gas safely. "Safety is, and always has been, our primary focus," Exxon said in an email.

The earthquakes have unexpectedly persisted -- albeit at a lower level -- despite the Dutch restrictions on Groningen output. That unpredictability, and a belief that NAM failed to present an adequate plan to mitigate it, prompted the Dutch regulator to recommend the further output reduction earlier this year.

Jelle van der Knoop, president of the residents' association Groninger Bodem Beweging, said many residents want gas production to end altogether.

"The sooner they stop, the sooner there will be no earthquakes," Mr. van der Knoop said.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

June 26, 2017 02:47 ET (06:47 GMT)

[waldron] 23/6/2017 16:44

Oil traded flat on Friday, hovering near a 10-month low in U.S. prices hit earlier this week, and remained on course for its biggest first-half decline in almost two decades as production cuts have failed to reduce oversupply.

Brent crude futures were down 8 cents at $45.14 a barrel at 1337 GMT. U.S. West Texas Intermediate (WTI) crude futures traded at $42.64 a barrel, down 10 cents.

Oil prices have fallen about 20 percent this year despite an effort led by the Organization of the Petroleum Exporting Countries to cut production by 1.8 million barrels per day (bpd).

That puts the market on course for its biggest first-half percentage fall since the late 1990s, when rising output and the Asian financial crisis led to sharp losses.
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"It is doubtful whether the end of the downward spiral ... has already been reached. After all, there is still no end to the bearish news that could continue to drive short-term investors from the market," wrote analysts at Commerzbank, referring to rising Nigerian exports.

Others disagree and see oil returning to $50 a barrel on some of the more bullish signals in the market.

Frank Schallenberger, head of commodity research at LBBW in Stuttgart, said he expects prices to rise by the end of the year on higher demand as well as OPEC and non-OPEC production cuts.

Tamas Varga, senior analyst at London brokerage PVM Oil Associates, pointed to falling crude inventories in the United States as a fundamental factor that could support prices.

Earlier this week, the U.S. Energy Information Administration said crude inventories declined by 2.7 million barrels last week, exceeding analyst expectations for a 2.1-million-barrel drop.

At the heart of the glut is that efforts to reduce production by OPEC suppliers, as well as Russia, have been met by soaring output from the United States and OPEC members Libya and Nigeria, which are exempt from the cuts.

Thanks to shale drillers, U.S. oil production has risen more than 10 percent in the past year to 9.35 million bpd, close to the level of top exporter Saudi Arabia.

"Rising U.S. output continues to stress markets, with increasing evidence that improved efficiency and technology makes many of the shale plays profitable below $40 a barrel," analysts at Cenkos Securities wrote.

(By Karolin Schaps; Additional reporting by Henning Gloystein in Singapore; Editing by Alison Williams and Dale Hudson)

[wad collector] 23/6/2017 10:20

Happy to buy some back at 2070. I sold most of mine in 6 months ago and price is about 10% down on then. Never sell Shell....usually.

[waldron] 22/6/2017 18:12

Still snug in the 2075 to 2175 BOX

[waldron] 21/6/2017 19:44

Oil Slump Again Undermines Natural Gas Prices, Storage Data In Focus
By
Tim Clayton -
June 21, 2017 - 17:02 UTC
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An attempted rally in natural gas prices on firm weather-related demand was again undermined by a fresh slide in crude oil prices during the New York session.

Natural gas prices traded in narrow ranges late in the US session, trapped just below the $2.90 per mBtu level.

Prices rallied early in the New York session on Wednesday with a push to highs above $2.94 in choppy trading conditions.

Weather conditions remained very hot across much of the South and Southwest which continued to fuel demand for natural gas.

Crude oil prices attempted to rally after the latest EIA inventories data with a slightly larger than expected draw on the week, but prices reversed quickly to trade lower and posted fresh 7-month lows with WTI below $43.00 p/b late in the European session. The weaker tone in oil prices again had a negative impact on natural gas prices during the day.

Sentiment was also hampered by the inability to break above the $2.95 per mBtu area and there was a fresh slide in prices to below $2.90 before consolidation near this level.

The dollar traded in relatively tight ranges during the day, although USD/JPY retreated from its best levels as oil prices came under renewed selling pressure.

Markets will be looking ahead to the EIA natural gas storage data on Thursday with markets expecting a significantly lower build on the week of close to 55 billion cubic feet (Bcf) following an increase of 78 Bcf last week. A lower increase in storage would provide some net support to prices.

[pugugly] 17/6/2017 11:05

The Forward Curve for Oil Prices Suddenly Looks Awful for OPEC,
Brent, WTI trade in full contango as consumers fix forward
Bearish U.S. stockpile data, gloomy IEA report don’t help
(Message received from full article oil prices lower for longer. Not good news)

[waldron] 13/6/2017 21:54

atar Petroleum and Shell form LNG bunkering venture

13 Jun 2017 - 20:05
Qatar Petroleum and Shell form LNG bunkering venture
Saad Sherida Al Kaabi, Qatar Petroleum’s President and CEO, and Ben van Beurden, Shell’s Chief Executive Officer, at the signing ceremony.
The Peninsula

Doha: Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments (Shell) today signed a framework agreement to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure at strategic shipping locations across the globe.

LNG bunkering provides the shipping industry with a new fuel that helps meet the industry’s environmental and economic objectives. Increasing numbers of ship owners and operators are turning to LNG over traditional marine fuels in response to tighter sulfur and nitrogen oxide emissions regulations. In October 2016, the International Maritime Organization (IMO) announced the introduction of a global 0.5% sulfur cap from 2020.

Commenting on the occasion, Saad Sherida Al Kaabi, Qatar Petroleum’s President and CEO, said: “we are pleased to team up with our long term partner and industry pioneer, Shell, on this important initiative. We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source.”

Al Kaabi added: “LNG demand for bunkering is expected to increase significantly over the coming years and we believe there is real potential for such demand to reach up to 50 million tons per annum by 2030. Obviously, achieving this figure requires focused investments and the right partnership model, similar to the one we are establishing today.”

On his part, Ben van Beurden, Shell’s Chief Executive Officer, said: “as two of the world’s leading LNG suppliers, Shell and Qatar Petroleum have the capability and experience to deliver LNG as a marine fuel to ship owners and operators who must meet tougher emissions regulations from 2020. We look forward to working with Qatar Petroleum to increase the availability of LNG as a fuel for transport.”

Tuesday’s agreement follows two Memoranda of Understanding (MOUs) Shell and Qatargas signed with industry partners in 2016 to explore LNG bunkering opportunities in the Middle East. Pursuant to the agreement signed today, Qatar Petroleum and Shell will evaluate and progress the development of LNG bunkering facilities at various locations across Europe, the Middle East and East Asia.

Qatar Petroleum and Shell: A History of Strategic Cooperation
Shell is a strategic partner of Qatar Petroleum. Shell's investments in the Qatari oil and gas sector are estimated at about $20 billion, and are considered among the highest investments of foreign companies in the State of Qatar. In addition, both Qatar Petroleum and Shell have several international partnerships.

Partnerships in Qatar:

1. Pearl Gas to Liquids (GTL)
Pearl GTL is the world’s largest GTL plant. The integrated asset produces 1.6 billion cubic feet of wellhead gas per day from the North Field, and converts it onshore into 140kb/d of GTL products that comprise principally of GTL gasoil, naphtha, kerosene, normal paraffins, and high quality base oils for lubricants. In addition, Pearl GTL produces 120kboe/d of upstream products, such as ethane, LPG and condensate. Shell is the contractor and operator of the project under a production sharing agreement.

2. Qatargas 4
Qatargas 4 (QG-4) is an integrated LNG asset producing approximately 1.4 billion cubic feet per day of natural gas and processing it into 7.8 million tons per year LNG from Qatar’s North Field. Shell is a 30% shareholder, whilst QP holds 70%.

International Partnerships:

1. BC-10 in Brazil
A subsidiary of Qatar Petroleum owns a 23% stake in Brazil's BC-10 offshore project, in which Shell holds a 50% stake and the remaining 27% is owned by the Indian Oil and Natural Gas Corporation. The project currently produces around 45,000 barrels of oil equivalent per day.

2. Singapore Petrochemical Project
A subsidiary of Qatar Petroleum owns jointly with Shell share in two petrochemical companies in Singapore, the Singapore Petrochemical Corporation (50%) and Polyolefin Company (Singapore) (30%).

3. LNG Marine Fuelling
Qatar Petroleum and Shell will jointly set up a joint venture for investing in LNG marine fueling (or bunkering) infrastructure at a number of ports around the world in Europe, the Middle East and East Asia. This is a promising opportunity for promoting LNG as a clean fuel for ships considering the more stringent environmental regulations to be applied to the shipping industry as from 2020.

LNG Purchase for Qatar:
Shell purchases LNG from Qatargas 4 under long-term contracts for supply to PetroChina in China (3 million tons per annum) and Dubai Supply Authority (UAE) (0.65 million tons per annum). It also purchases spot cargoes from both Qatargas and RasGas.

[waldron] 13/6/2017 16:47

dividend

Payment date June 26, 2017

[waldron] 13/6/2017 14:29

LOOKS LIKE IT IS NOW IN THE 2175 to 2275 BOX

confirmation if makes to end of week

and then no doubt it might well drift upwards
in drips and drips as divi converted to shares at month end

[maywillow] 12/6/2017 19:39

Royal Dutch Shell plc First Quarter 2017 Euro and GBP Equivalent Dividend Payments

News provided by
Royal Dutch Shell plc

12:24 ET

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THE HAGUE, the Netherlands, June 12, 2017 /PRNewswire/ --

The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A)(NYSE: RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2017 interim dividend, which was announced on May 4, 2017 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share").

Dividends on A Shares will be paid, by default, in euro at the rate of €0.4194 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by June 5, 2017 will be entitled to a dividend of 37.12p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 37.12p per B Share. Holders of B Shares who have validly submitted euro currency elections by June 5, 2017 will be entitled to a dividend of €0.4194 per B Share.

This dividend will be payable on June 26, 2017 to those members whose names were on the Register of Members on May 19, 2017.

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. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which has been formalised in law with effect from January 2017), and depending on their particular circumstances, non-Dutch resident shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax. As from 2018, Dutch and non-Dutch resident shareholders who are exempt from corporate income tax may elect for an exemption from Dutch dividend withholding tax instead of requesting a refund if tax was withheld.

Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit was abolished, and a new tax free dividend allowance introduced. Dividend income in excess of the allowance is taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.

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

[boyndie] 12/6/2017 17:45

37.12p announced after market close.