Shell Share Discussion Threads

[montyhedge] 12/4/2018 08:08

Analyst on CNBC just said Shell are one share they like and own.

[fangorn2] 11/4/2018 15:30

If US attacks Syria, $80.

Think POO will be the least of our worries.

War has been coming for a few years.

The Chess pieces have been moving - they are nearly ALL in place now.

#Agenda21 Sustainable growth
#GeorgiaStones Sustainable populace 500 million

Current World population - 7.6billion.

Ermmm,nurse.

[montyhedge] 11/4/2018 12:59

2575p here we come is my view.

[ps0u3165] 11/4/2018 12:47

Despite the fact that Nigeria as a whole managed to increase and stabilize its crude oil production last year, crude oil theft on Shell’s pipeline network resulted in a 50-percent increase in oil losses, the oil major said in its 2017 sustainability report this week.

Crude oil theft resulted in losses of around 9,000 bpd in 2017, more than the 6,000 bpd lost in 2016, but less than the rate of 25,000-bpd loss in 2015, Shell said.

[montyhedge] 11/4/2018 12:37

If US attack Syria, I reckon oil 80 dollars.

[abbotslynn] 11/4/2018 12:28

Nice steady climb this month

[steve73] 11/4/2018 03:29

Has anyone seen clarification whether Saudi wants $80 Brent or WTI...?

[fjgooner] 10/4/2018 21:48

As suggested first thing this morning, here we go - happy days.

FJ :)

----------------------------



Crude surges as Xi allays trade war fears, Saudis seek $80 oil

Jessica Summers, Bloomberg

Published 2:55 pm, Tuesday, April 10, 2018

Oil jumped to the highest since 2014 as China struck a conciliatory tone on trade and Saudi Arabia was said to seek higher prices.

Futures in London jumped by almost 4 percent on Tuesday as equities also climbed. Chinese President Xi Jinping said zero-sum mentalities were "out of place" and backed dialogue to resolve disputes, dissipating fears of a trade spat with the U.S. Meanwhile, Saudi Arabia is said to want to get prices near $80 to fund spending and support the valuation of its state oil giant's initial public offering.

"It's a risk-on type day," said Bob Yawger, director of futures at Mizuho Securities USA Inc. in New York. "The biggest correlation is to the equity markets."

In two days, the oil market dispelled the pessimism of two weeks largely dominated by concerns over U.S.-China tensions and a buildup of stockpiles at America's largest distribution hub in Oklahoma.

Brent for June settlement climbed as much $2.69 to $71.34 a barrel on the London-based ICE Futures Europe exchange, the highest since December 2014, after settling at $71.04.

West Texas Intermediate for May delivery rose $2.09 to settle at $65.51 a barrel, the highest in two weeks, on the New York Mercantile Exchange.

'Opening Up'
The Chinese leader pledged a "new phase of opening up" in a long-planned speech that was closely watched by traders for any response to U.S. President Donald Trump's plan to hit hundreds of Chinese products with duties. Following Xi's speech, Asian stocks and U.S. futures jumped.

In conversations with OPEC delegates and oil market participants, Saudi officials had been careful to avoid pinpointing an exact price target. Yet people who have spoken to them said the inescapable conclusion from the conversations was that Riyadh is aiming for $80.

"The day-to-day price action that we've seen is really about risk appetite and not so much fundamentals," said Michael Wittner, the head of commodities research at Societe Generale SA in New York.

The S&P 500 Energy Index climbed as much as 4 percent, the biggest intraday advance since November 2016. The best performers include Devon Energy Corp., TechnipFMC Plc and Newfield Exploration Co., all posting gains of more than 6 percent.

In the U.S., crude inventories probably fell by 1.25 million barrels last week, according to a Bloomberg survey ahead of government data that will be released on Wednesday. That would follow a surprise decrease of 4.6 million barrels a week earlier. Stockpiles held at the key Cushing, Oklahoma, pipeline hub likely rose by 2 million barrels last week, a forecast compiled by Bloomberg showed.

The industry-funded American Petroleum Institute will release its weekly tally of inventories later on Tuesday.

Other oil-market news:

Gasoline futures rose 2.9 percent to settle at $2.0409 a gallon, the highest level since August. U.S. crude production is set for a swing higher next year, according to the Energy Information Administration, which raised its average output forecast for 2019, yet lowered it for this year, reiterating that crude production would still top 11 million barrels a day in October. Saudi Arabia to keep crude exports below 7 million barrels a day in May, the Energy Ministry said in an emailed statement.

[sarkasm] 10/4/2018 13:50

BP to drill 2 new North Sea fields
By Ian Walker

Published: Apr 10, 2018 8:01 a.m. ET






BP PLC (BP.LN) said Tuesday that it will drill two new North Sea developments which are expected to come on stream in 2020, and to have peak production of 30,000 barrels of oil equivalent per day gross.

The oil major said Alligin and Vorlich are satellite fields located near to existing infrastructure, meaning they can be quickly developed through established offshore hubs.

BP has a 50% interest in Alligin and is operator while Royal Dutch Shell PLC RDSB has the other 50%. BP is also operator of Vorlich with a 66% interest, while Ithaca Energy has the remaining share.

Write to Ian Walker at [e-mail]; @IanWalk40289749

[sarkasm] 10/4/2018 13:47

BP to drill 2 new North Sea fields
By Ian Walker

Published: Apr 10, 2018 8:01 a.m. ET






BP PLC (BP.LN) said Tuesday that it will drill two new North Sea developments which are expected to come on stream in 2020, and to have peak production of 30,000 barrels of oil equivalent per day gross.

The oil major said Alligin and Vorlich are satellite fields located near to existing infrastructure, meaning they can be quickly developed through established offshore hubs.

BP has a 50% interest in Alligin and is operator while Royal Dutch Shell PLC RDSB has the other 50%. BP is also operator of Vorlich with a 66% interest, while Ithaca Energy has the remaining share.

Write to Ian Walker at [e-mail]; @IanWalk40289749

[sarkasm] 10/4/2018 13:28

Big Oil's New Favorite Toy: Supercomputers
10/04/2018 12:29pm
Dow Jones News

BP (LSE:BP.)
Intraday Stock Chart

Today : Tuesday 10 April 2018
Click Here for more BP Charts.

By Sarah Kent and Christopher M. Matthews

Xukai Shen, a geophysicist working at BP Plc, had a hunch he could solve a riddle that had vexed the company: whether there was a lot of oil hidden beneath a salt dome 7,000 feet underwater in the Gulf of Mexico. So he asked to use the company's supercomputer exclusively for two weeks to check it out.

Using an algorithm, the 33-year-old with a Stanford PhD harnessed the computer's massive power last year to produce a clearer seismic image of what lay beneath. The result: a potentially massive oil find. With a clearer picture of the area, BP estimated 200 million barrels of crude lay hidden in the Atlantis oil field, a region the company had been plumbing for decades.

"Basically we found a field within a field," said Ahmed Hashmi, BP's head of technology for exploration and production, during a recent tour of the company's Houston supercomputer, as the machine hummed nearby.

BP is now in love with beefy computer power -- and it's far from the only one in the oil patch. Italy's Eni SpA has built a computing facility the size of a soccer field outside of Milan, crediting its help in all its most recent oil and gas discoveries. France's Total SA recently upgraded its Pangea supercomputer, nearly tripling its computing power.

While big oil companies were early adapters of supercomputers, some have poured hundreds of millions into upgrades, and now possess some of the most powerful commercially owned computers on the planet.

The efforts are part of a larger digital arms race among energy companies, which are embracing technology in newfound ways to produce fossil fuels more cheaply and efficiently. Earlier mechanical advances enabling the boom in U.S. oil and gas production and lowering prices have added to the pressure on companies to innovate even further.

The computers are costly, but can reduce the oil exploration process by months and save companies tens of millions of dollars by avoiding misplaced wells. To harness their potential, the companies are increasingly seeking to compete with Silicon Valley firms for top data and computer scientists.

"We're going all in," said Bernard Looney, BP's head of exploration and production. "We're only scratching the surface today of what's possible."

BP is in the middle of a five-year, $100 million investment in its Houston supercomputer. It's built a 15,000-square-foot room in a 3-story, flood-proof building to house the titan, which currently takes up about 50% of the space and has the computing power of around 50,000 iPhone 7s.

BP claimed it was the most powerful commercial research computer in the world in December. Within a month, however, it was overtaken by Eni's supercomputer. BP said it has room to expand its computer further.

Not everyone can take BP's build-your-own approach. Like high-cost deepwater oil projects, in-house supercomputing remains largely the domain of only the world's biggest oil companies. But smaller players are finding creative ways to take advantage of technological advances.

Devon Energy Corp., one of the largest U.S. shale oil producers, is putting its data in the cloud so it can use the virtual computing power Microsoft Corp.

"It costs me hundreds of thousands of dollars versus tens of millions," said Benjamin Williams, Devon's chief information officer. "You have to decide, am I going to use this giant capacity enough to justify the investment versus the premium I may pay from a cloud provider."

Mr. Williams said many high performance computing centers are idle 80% of the time, while Devon only pays for supercomputing when it needs it. Devon has a small innovation lab in its Oklahoma City headquarters, where its computer and data scientists can experiment on high-end computers and virtual reality platforms. The company developed three-dimensional visualization tools there that its geologists use to "get inside" Devon's oil reservoirs.

Exxon Mobil Corp., the world's biggest non-state-backed oil company, also outsources its demand for computing power to analyze seismic data and map the rocks it's planning to drill. Even BP uses outside computers for regular seismic analysis, reserving its giant facility in Texas for cutting-edge research.

How much the digital revolution really changes the century-old oil and gas industry remains to be seen. Some executives and analysts are already warning that companies have unrealistic expectations about the speed of adoption.

John Gibson, who heads the digital innovation team at energy investment bank Tudor Pickering Holt & Co, said most energy companies gutted their research and development funding during the past commodity price crashes, and hasn't recovered.

"Most of the horizontal drilling and fracking techniques we're using today were from research dollars that were spent in the early 90s," Mr. Gibson said. "There is basic research that the industry needs and we rely on academia for it right now."

BP says it's already reaping the benefits of experiments with advanced technology.

In Alaska, the company said it crunched 40 years of data on its operations, weather patterns and pipeline corrosion and found ways to maintain its 1,300 miles of pipelines in the state more efficiently by reducing on-site inspections.

The physical inspections -- as many as 100,000 locations a year -- only found issues 2.5% of the time, and were difficult to perform in a state where temperatures can get so cold that workers can only be in the elements for minutes at a time. With the analysis, BP has managed to reduce inspections 25% and better predict corrosion, Mr. Looney said.

Write to Sarah Kent at [e-mail] and Christopher M. Matthews at [e-mail]



(END) Dow Jones Newswires

April 10, 2018 07:14 ET (11:14 GMT)

[sarkasm] 10/4/2018 13:26

Big Oil's New Favorite Toy: Supercomputers
10/04/2018 12:29pm
Dow Jones News

BP (LSE:BP.)
Intraday Stock Chart

Today : Tuesday 10 April 2018
Click Here for more BP Charts.

By Sarah Kent and Christopher M. Matthews

Xukai Shen, a geophysicist working at BP Plc, had a hunch he could solve a riddle that had vexed the company: whether there was a lot of oil hidden beneath a salt dome 7,000 feet underwater in the Gulf of Mexico. So he asked to use the company's supercomputer exclusively for two weeks to check it out.

Using an algorithm, the 33-year-old with a Stanford PhD harnessed the computer's massive power last year to produce a clearer seismic image of what lay beneath. The result: a potentially massive oil find. With a clearer picture of the area, BP estimated 200 million barrels of crude lay hidden in the Atlantis oil field, a region the company had been plumbing for decades.

"Basically we found a field within a field," said Ahmed Hashmi, BP's head of technology for exploration and production, during a recent tour of the company's Houston supercomputer, as the machine hummed nearby.

BP is now in love with beefy computer power -- and it's far from the only one in the oil patch. Italy's Eni SpA has built a computing facility the size of a soccer field outside of Milan, crediting its help in all its most recent oil and gas discoveries. France's Total SA recently upgraded its Pangea supercomputer, nearly tripling its computing power.

While big oil companies were early adapters of supercomputers, some have poured hundreds of millions into upgrades, and now possess some of the most powerful commercially owned computers on the planet.

The efforts are part of a larger digital arms race among energy companies, which are embracing technology in newfound ways to produce fossil fuels more cheaply and efficiently. Earlier mechanical advances enabling the boom in U.S. oil and gas production and lowering prices have added to the pressure on companies to innovate even further.

The computers are costly, but can reduce the oil exploration process by months and save companies tens of millions of dollars by avoiding misplaced wells. To harness their potential, the companies are increasingly seeking to compete with Silicon Valley firms for top data and computer scientists.

"We're going all in," said Bernard Looney, BP's head of exploration and production. "We're only scratching the surface today of what's possible."

BP is in the middle of a five-year, $100 million investment in its Houston supercomputer. It's built a 15,000-square-foot room in a 3-story, flood-proof building to house the titan, which currently takes up about 50% of the space and has the computing power of around 50,000 iPhone 7s.

BP claimed it was the most powerful commercial research computer in the world in December. Within a month, however, it was overtaken by Eni's supercomputer. BP said it has room to expand its computer further.

Not everyone can take BP's build-your-own approach. Like high-cost deepwater oil projects, in-house supercomputing remains largely the domain of only the world's biggest oil companies. But smaller players are finding creative ways to take advantage of technological advances.

Devon Energy Corp., one of the largest U.S. shale oil producers, is putting its data in the cloud so it can use the virtual computing power Microsoft Corp.

"It costs me hundreds of thousands of dollars versus tens of millions," said Benjamin Williams, Devon's chief information officer. "You have to decide, am I going to use this giant capacity enough to justify the investment versus the premium I may pay from a cloud provider."

Mr. Williams said many high performance computing centers are idle 80% of the time, while Devon only pays for supercomputing when it needs it. Devon has a small innovation lab in its Oklahoma City headquarters, where its computer and data scientists can experiment on high-end computers and virtual reality platforms. The company developed three-dimensional visualization tools there that its geologists use to "get inside" Devon's oil reservoirs.

Exxon Mobil Corp., the world's biggest non-state-backed oil company, also outsources its demand for computing power to analyze seismic data and map the rocks it's planning to drill. Even BP uses outside computers for regular seismic analysis, reserving its giant facility in Texas for cutting-edge research.

How much the digital revolution really changes the century-old oil and gas industry remains to be seen. Some executives and analysts are already warning that companies have unrealistic expectations about the speed of adoption.

John Gibson, who heads the digital innovation team at energy investment bank Tudor Pickering Holt & Co, said most energy companies gutted their research and development funding during the past commodity price crashes, and hasn't recovered.

"Most of the horizontal drilling and fracking techniques we're using today were from research dollars that were spent in the early 90s," Mr. Gibson said. "There is basic research that the industry needs and we rely on academia for it right now."

BP says it's already reaping the benefits of experiments with advanced technology.

In Alaska, the company said it crunched 40 years of data on its operations, weather patterns and pipeline corrosion and found ways to maintain its 1,300 miles of pipelines in the state more efficiently by reducing on-site inspections.

The physical inspections -- as many as 100,000 locations a year -- only found issues 2.5% of the time, and were difficult to perform in a state where temperatures can get so cold that workers can only be in the elements for minutes at a time. With the analysis, BP has managed to reduce inspections 25% and better predict corrosion, Mr. Looney said.

Write to Sarah Kent at [e-mail] and Christopher M. Matthews at [e-mail]



(END) Dow Jones Newswires

April 10, 2018 07:14 ET (11:14 GMT)

[sarkasm] 10/4/2018 10:55

Home » Reports » Broker Ratings » Royal Dutch Shell Plc 19.6% Potential Upside Indicated by RBC Capital Markets
broker ratings
Royal Dutch Shell Plc 19.6% Potential Upside Indicated by RBC Capital Markets

Posted by: Amilia Stone 10th April 2018

Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; this morning by analysts at RBC Capital Markets. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set a target price of 2800 GBX on its stock

[fjgooner] 10/4/2018 07:32

Not long before a serious liftoff north
in prices for Shell from here. Enjoy everyone.

FJ
:)

[maywillow] 08/4/2018 13:13

April 26, 2018 First quarter 2018 results and first quarter 2018 interim dividend announcement

[maywillow] 08/4/2018 13:12

April 26, 2018 First quarter 2018 results and first quarter 2018 interim dividend announcement