Shell Share Discussion Threads

[waldron] 24/11/2017 15:34

23 Nov, 2017 Home International Economic

Alexander Bueso
WebFG News
24 Nov, 2017 15:08
Shell set to benefit from long-term Asian demand for LNG, Barclays says
ben-van-beurden-chief-executive-officer-of-royal-dutch-shell-petrole-gaz-energies-fossiles
Royal Dutch Shell 'A'
2,338.00
15:17:46 24/11/17
-0.04%
-1.00
Royal Dutch Shell 'B'
2,384.00
15:17:44 24/11/17
0.00%
0.00
FTSE 100
7,404.92
15:17:46 24/11/17
-0.17%
-12.32
Oil & Gas Producers
8,562.41
14:25 24/11/17
-0.08%
-6.94
FTSE 350
4,119.91
15:17:46 24/11/17
-0.17%
-6.97
FTSE All-Share
4,069.18
15:17:47 24/11/17
-0.15%
-6.25
Energy Producers
0.00
16:17 25/09/06
0.00%
0.00

Barclays reiterated its 'overweight' stance and 2,850p target price on shares of Royal Dutch Shell, pointing to the solid outlook for Asian demand of liquified natural gas that the broker said should support long-run prices and provide better trade opportunities.

Over the next two years, new project start-ups in the US and Australia would keep LNG markets slightly oversupplied, capping prices in the near-term.

However, in the long-run, from 2020, Barclays estimated LNG would again exceed supplies, making them more positive on prices.

Reinforcing that trend, Asia, which accounted for 70% of demand, was seen continuing to show a preference for keeping natural gas in its energy mix.

"This in turn should support long-run prices and provide better trade opportunities to companies. Shell and Total look to us best positioned for this trend with their exposure to LNG."

[ariane] 23/11/2017 15:19

PREMIUM BETWEEN A AND B SEEMS TO HAVE WIDENED

[ariane] 23/11/2017 10:08

stuck in a rut it seems

almost like waiting for godot

but with only a week to go,one hopes

[sarkasm] 23/11/2017 07:35

fjgooner
22 Nov '17 - 23:14 - 1577 of 1577 0 0
Lol. Is it April 1st already?


mr gooner are you suggesting its fake news or no substance to the story

perhaps a negotiation ploy

[fjgooner] 22/11/2017 23:14

Lol. Is it April 1st already?

[grupo guitarlumber] 22/11/2017 20:32

Exxon, Shell, BP pledge to reduce methane emissions from natural gas
by Josh Siegel | Nov 22, 2017, 2:29 PM

Exxon , Shell, and BP, among other large energy companies, announced on Wednesday that they have signed a pledge to reduce methane emissions from natural gas production. The declaration represents another example of major energy companies taking a more aggressive posture toward climate change than the Trump administration.

News from Washington Examiner


Large energy companies including Exxon, Shell, and BP have signed onto a pledge to reduce emissions of methane from natural gas production, part of an effort by the industry to show it is committed to combating climate change even as the Trump administration rolls back regulations forcing them to.

“Providing access to energy, while addressing global climate change, is one of the greatest challenges of the 21st century,” the companies said in the “guiding principles” to their pledge, which they announced Wednesday. “Natural gas plays a major role in meeting global energy demand today. Since natural gas consists mainly of methane, a potent greenhouse gas, its part in the transition to a low-carbon future will be influenced by the extent to which the oil and gas industry reduces its methane emissions.”


The companies didn't make any specific emissions reductions targets, but they promise to “continually reduce methane emissions; advance strong performance across gas value chains; improve accuracy of methane emissions data; advocate sound policies and regulations on methane emissions; and increase transparency.”

Energy companies have promoted natural gas as an important component of addressing climate change because it produces fewer greenhouse gas emissions than coal. They also view natural gas as increasingly important to the stability of the power grid as renewables increase their share, since wind and solar require the sun to be shining and wind to be blowing.

But methane, the main component in natural gas, is more potent than carbon dioxide, although methane emissions are relatively short-lived. Many scientists blame emissions from burning fossil fuels for driving manmade climate change.

The companies developed their pledge in collaboration with the International Energy Agency, the United Nations and other international organizations focused on energy and climate change, according to the Wall Street Journal.

Exxon Mobil’s decision to join the group makes Chevron the only major U.S. oil company that has not joined the pledge.

Exxon has become more involved with addressing climate change after pressure from investors and legal challenges. Exxon CEO Darren Woods urged President Trump not to withdraw from the Paris climate accord.

The American Petroleum Institute, the main trade group representing the oil and natural gas industry, said it was not involved with organizing the pledge.

But the group touted the industry's efforts at reducing methane emissions in a statement to the Washington Examiner.

“The oil and natural gas industry has a strong and proven commitment to safety and environmental performance,” said API Upstream Director Erik Milito. “We have taken strong, voluntary actions to reduce all emissions, including methane which has declined by 16.3 percent in spite of dramatic increases in the production of oil and natural gas, which has increased 51 percent since 1990.”

The pledge represents another example of major energy companies taking a more aggressive posture toward climate change than the Trump administration.

The vow by the energy companies to “advocate sound policies and regulations on methane” is especially noteworthy because the Trump administration is trying to repeal Obama-era methane regulations.

EPA Administrator Scott Pruitt imposed a two-year delay on the implementation of a regulation to limit methane emissions from new oil and natural gas wells. But in July, a federal appeals court blocked the EPA from eliminating the methane rule.

The Republican-controlled Senate, meanwhile, failed in May to pass a measure repealing an Interior Department methane rule affecting existing wells on federal lands.

A federal court in California ruled last month that the Interior Department could not suspend its methane rule.

[the grumpy old men] 22/11/2017 15:38

North Sea
Budget: Tax history reform a ‘positive step forward’, Shell says

Written by Mark Lammey - 22/11/2017 3:05 pm



Oil major Shell said today called the decision to introduce transferable tax history for the oil and gas sector was a positive step forward.

For months, industry leaders and politicians have been calling for the reform to make it easier to sell mature oil and gas fields.

Today, Chancellor Philip Hammond said transferable tax history would be introduced for the oil and gas sector in November 2017.

Shell recently completed the sale of a package of North Sea assets to Chrysaor for up to $3.8billion.

Steve Phimister, upstream vice president for the UK and Ireland at Shell, said: “Today’s announcement by the Chancellor is a positive step forward following evidence which was presented by the UK oil and gas sector. Maintaining a globally competitive fiscal environment is important as operators look to collaborate and to invest in the UKCS.

“Shell will continue to work with industry, the regulator and government as we seek to rejuvenate the basin and maximise economic recovery in the North Sea.”

[la forge] 22/11/2017 13:30

CONFIDENCE IN OPEC HAS ENCOURAGED share price TO AGAIN AN UP TREND

[the grumpy old men] 21/11/2017 17:35

volume normal but share price lacking escape velocity

all quiet on the western front

the long weekend apparently starts here with the thanksgiving holidays

only turkey talk here

[waldron] 21/11/2017 10:04

News
UK
UK Politics

Tory ministers lobbied Brazil on behalf of Shell and BP, Government accidentally reveals

Brazilian government later gave major drilling licenses to the two companies

Ben Kentish
@BenKentish THE INDEPENDENT

Greg Hands used a meeting with a Brazilian minister to pass on oil companies' concerns Rex Features

Liam Fox's Department for International Trade successfully lobbied the Brazilian government over environmental regulations on behalf of three major oil companies, an official document has revealed.

Greg Hands, the international trade minister, reportedly made representations on behalf of BP, Shell and Premier Oil during a trip to Brazil in March.

He asked the Brazilian government to help British companies secure deals to drill in the pre-salt region of Brazilian waters, according to a British diplomatic cable obtained by Greenpeace.



Macron vows to reverse Donald Trump's cuts to climate change funding

Pre-salt drilling involves looking for oil deep under the sea bed. Environmental campaigners have warned that it risks accelerating climate change.

The cable says Mr Hands used a “private breakfast” in Rio de Janeiro to listen to the oil companies’ concerns “around taxation and environmental licensing” in Brazil.

He then raised the issue “directly̶1; with Paulo Pedrosa, Brazil’s deputy minister for mining and energy.

Mr Pedrosa “confirmed that his ministry is already lobbying its relevant counterparts within the Brazil government”.

Brazil later granted three oil licenses to Shell and two to a consortium including BP. It also offered up to $300bn (£227bn) in tax relief to oil and gas companies in the country.


The diplomatic cable also reveals that the UK Government welcomed Brazil’s decision to reduce “local content requirements” – regulations that force companies to hire local workers and use local goods in an attempt to boost the economy of developing countries and regions.

Mr Hands also opened an event showcasing UK energy companies, at which “hydrocarbons were a heavy focus”.

Details revealed in the cable were apparently released by mistake. Following a freedom of information request, the DIT sent Greenpeace the full cable, with sensitive passages highlighted instead of redacted. It later released a second version with the same passages blacked out.

Rebecca Newsom, senior political adviser at Greenpeace, said: “This is a double embarrassment for the UK Government. Liam Fox’s trade minister has been lobbying the Brazilian government over a huge oil project that would undermine the climate efforts Britain made at the UN summit in Bonn.


“If that wasn’t bad enough, Fox’s department tried to cover it up and hide its actions from the public, but failed comically.”

A DIT spokesperson said: “DIT is responsible for encouraging international investment opportunities for UK businesses, whilst respecting fully local and international environmental standards. The UK oil and gas industry and supply chain supports thousands of jobs and provides £19bn in goods exports alone.

“However, it is absolutely not true that our ministers lobbied to loosen environmental restrictions in Brazil – the meeting was about improving the environmental licensing process, ensuring a level playing field for both domestic and foreign companies, and in particular helping to speed up the licensing process and make it more transparent, which in turn will protect environmental standards.”

[waldron] 21/11/2017 10:02

OPPS SOMETHINGS HAPPENING

[waldron] 21/11/2017 09:32

YEP BUT WE MUST CARRY ON REGARDLESS



CALM BEFORE THE CALM

seems to be slow and quiet everywhere,especially on LONDONSOUTHEAST


ENJOY YOUR DAY

[2hoggy] 21/11/2017 09:19

Tie me kangaroo down sport,boing,boing,with a hop and a skippy to greater highs..

Keep it in your pouch.

[waldron] 21/11/2017 08:33

waldron


20 Nov '17 - 10:25 - 1560 of 1565 2 0 Edit
CERTAINLY CONTINUES TO TEST THE 2375 SUPPORT

ENJOY YOUR DAY AND WEEK

CHEERS


GROUNDHOG DAY COMES TO MIND



WHAT THINK YOU HOGGY


THE QUOTE: “Thanksgiving week in the U.S. and a rather light data calendar could set the stage for a fairly quiet week. But best not to confuse quiet for calm,” says Vishnu Varathan of Mizuho Bank in Singapore.

[2hoggy] 20/11/2017 14:10

Waldron,its not april 1st is it?

I prefer tea any way,its the English drink.

Whats next curry powered taxis..