Shell Share Discussion Threads

[waldron] 14/5/2018 17:23

DIVIDEND

Closing of currency election date May 25, 2018

Pounds sterling and euro equivalents announcement date June 4, 2018

Payment date June 18, 2018

[waldron] 14/5/2018 17:09

Total
53.7 +0.69%

Engie
14.69 +0.34%

Orange
15.01 -1.18%


FTSE 100
7,710.98 -0.18%
Dow Jones
24,956.07 +0.50%
CAC 40
5,540.68 -0.02%


Brent Crude Oil NYMEX 78.15 +1.53%
Gasoline NYMEX 2.20 +0.95%
Natural Gas NYMEX 2.85 +0.96%

BP
570.5 +1.06%

Shell A
2,661 +0.19%

Shell B
2,739 +1.05%

[sogoesit] 14/5/2018 07:44

The Chronic Investor's 11 May cover reads:

"OIL'S GRAND FINALE"

"Finding value as the oil age comes to an end".


I don't know whether to laugh... cry... or top myself!

[2hoggy] 13/5/2018 23:24

We wont mention the latest tesla crash will we...

[the grumpy old men] 13/5/2018 17:21

Shell and Eni in court over alleged corruption in $1.1bn Nigerian oil deal

Several former senior executives from the two companies also face trial

Ben Chapman
@b_c_chapman
an hour ago
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The Independent Online
Shell, Eni and their executives have denied all charges Getty Images

Royal Dutch Shell, Italian oil giant Eni and a number of senior executives at the two firms face trial in Milan on Monday over corruption charges relating to a $1.1bn (£800m) deal for a Nigerian oil block.

The Milan public prosecutor alleges that $520m from a 2011 deal to buy rights to a vast oil block off Nigeria’s coast was converted into cash and intended to be paid to the then Nigerian President Goodluck Jonathan, members of the government and other Nigerian government officials.

The prosecutor further alleges that money was also channelled to Eni and Shell executives with $50m in cash delivered to the home of Eni’s then head of business for Sub-Saharan Africa, Roberto Casula.

Read more

Shell bosses knew cash from $1.3bn deal would go to money-launderer

Four former Shell staff members face trial, including Malcolm Brinded, former executive director for upstream international operations, along with and two former MI6 agents employed by Shell.

Also standing trial are Eni’s chief executive Claudio Descalzi, former chief executive Paolo Scaroni, and chief operations and technology officer Roberto Casula.

Shell, Eni and their executives have denied all charges.

The trial comes after years of campaigning by anti-corruption groups Global Witness, The Corner House and Re:Common as well as British-born Nigerian campaigner Dotun Oloko.
Read more

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After investigations by Global Witness and another anti-corruption group, Finance Uncovered, Shell admitted in April last year that senior figures knew that some funds from the deal would be paid to companies controlled by former Nigerian oil minister Dan Etete.

Barnaby Pace, an anti-corruption campaigner at Global Witness, said the trial should be a turning point for the oil industry.

“Some of the most senior executives of two of the biggest companies in the world could face prison sentences for a deal struck under their watch.
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Antonio Tricarico of Italian NGO Re:Common said, “This case heralds the dawning of the age of accountability, a world where even the most powerful corporations can no longer hide their wrongdoing and avoid justice.”

Eni has said in a statement on its website that the trial “will give the opportunity to Eni to fully defend its position and to provide full evidence of the correctness of the actions taken with respect to the OPL 245 transaction.”

Regarding the allegations against Eni’s CEO the company has said: “Eni’s Board of Directors has reaffirmed its confidence that the company was not involved in alleged corrupt activities in relation to the transaction.”

“The Board of Directors also confirmed its full confidence that chief executive Claudio Descalzi was not involved in the alleged illegal conduct and, more broadly, in his role as head of the company. Eni expresses its full confidence in the judicial process and that the trial will ascertain and confirm the correctness and integrity of its conduct.”

[grupo guitarlumber] 13/5/2018 08:22

Shell signs energy development contract in Oman
MUSCAT, 0 hours, 13 minutes ago

Shell Gas & Power Developments has signed an agreement with Oman to cover upstream gas exploration and development, gas-to-liquids (GTL), liquefied natural gas (LNG) and renewable energies in the Sultanate.

The memorandum of understanding (MoU) sets out an initial mutual understanding between Shell and Oman and serves as a platform for further negotiations on the proposed developments. Under the agreement, Shell is to operate an upstream project with Total and Oman Oil Company (OOC) as partners. It will also operate a GTL project with OOC as a partner.

The proposed investments will help Oman meet its energy needs and growth aspirations and are aligned with Shell’s strategy of building a resilient and relevant portfolio that is positioned for long term success.

Maarten Wetselaar, Shell Integrated Gas & New Energies director, said: “Shell has a long and proud history in Oman, and we are pleased to have the opportunity to take it to new levels through our proposed programme of development and investment in the country. We are hopeful we can use Shell’s integrated gas and new energies investment to accelerate Oman’s diversification and industrialization agenda. The proposals could also enhance in-country value, resulting in value and job creation in Oman’s economy.”

Chris Breeze, Shell’s country chair in Oman, said: “We are focused on maximising value for Oman and Shell by sustainably developing the country’s resources and increasing the share of renewable energy in Oman’s energy mix. This is in line with Shell’s aim to provide more and cleaner energy solutions.”

The MoU sets out an initial mutual understanding between Shell and Oman and serves as a platform for further negotiations on the proposed developments. Further announcements will be made as and when appropriate, a statement said. – TradeArabia News Service

[petepitstop] 12/5/2018 09:06

Present margin of over 5 percent, forecast to be over 8 percent for this year and with aims to be over 10 percent in the longer term and with increasing output equals a world class investment case.

[la forge] 12/5/2018 07:02

HERALDSCOTLAND.COM

As oil prices begin to soar, should you up your exposure?
Iona Bain Personal Finance Writer
As oil prices begin to soar, should you up your exposure?

As oil prices begin to soar, should you up your exposure?
0 comments

THE IMPORTANCE of oil to investors has been underlined as President Trump’s tough line on Iran stoked a further rise in the price of crude.

Despite widespread predictions a year ago that oil would struggle to top $50 a barrel under pressure from US shale production, it topped $77 this week.

Big oil is a pillar of the FTSE 100 and of popular investment funds, and its strength helped the blue-chip index jump nearly seven per cent last month, bouncing back above 7,500 from its February depression.

So should investors be checking their exposure to the black gold, and do the latest geopolitical rumblings in the Middle East signal another bout of volatility ahead?

“Investors do need to keep an eye on the price of oil, which is now up 50 per cent year-on-year,” said Russ Mould, investment director at AJ Bell.

“A sustained surge in crude could lead to inflation or even a slowdown in global economic activity. The higher oil goes, the more dangerous the impact of the Trump policy shift could become.”

Read more: Oil price hits three year high as tensions over Syria increase

Richard Turnill, Blackrock’s global strategist, added: “For investors seeking exposure to oil today, we see a stronger case for investing in energy equities over crude itself. Oil prices have run well ahead of energy stocks this year but this trend has started to turn.”

Surprisingly, the index of FTSE All-Share oil and gas producers is up only 4.4% in 2018, ranking it 13 out of 39 industry groupings, while the oil equipment and services sector is up by just 0.9%.

The producers’ index currently trades at 128 times the actual oil price, compared to an average of 156 over the last 20 years.

Mr Turnill said: “Current oil prices offer potential upside for energy companies’ earnings and stock prices.

"Most energy companies have budgeted for mid-$50s oil prices in 2018, with this conservative outlook reflected in share prices today.

"This points to valuation upside should current levels of oil prices be sustained.”

BP and RoyalDutchShell are strengthening the cover of their dividends as the oil cash flows in and both still offer yields of over five per cent. Mr Mould said that “less-well developed, pure play producers” such as Edinburgh-based FTSE 250 firm Cairn Energy or London-headquartered Tullow Oil could also benefit, although with a higher level of operational and exploration risk.

“The riskiest oil plays are the AIM-quoted junior explorers which may not even be producing or have a find, but whose share prices could welcome more positive sentiment toward their industry,” he said.

“The London Stock Exchange is also host to a select number of firms which provide equipment and services to the oil industry. None of them feature in the FTSE 100, although Wood and Petrofac were both once part of the UK’s elite index. Other names to note include Lamprell and Hunting.”

Read more: Bid speculation mounts over North Sea oil and gas giant

There are actively managed funds focused on the sector such as Guinness Global Energy, which has almost two-thirds of its assets in North America, while passive funds include ETFS US Energy Infrastructure and iShares US Oil & Gas Exploration & Production, both exchange-traded funds.

The iShares Core FTSE 100, meanwhile, has both BP and Shell in its top five holdings and an overall weighting of 17% to energy. Among UK equity income funds – the top-performing fund sector last month - River & Mercantile UK Equity Income has a 15% energy exposure.

For those who are happy to swap equity risk for oil price risk, ETFS WTI Crude Oil (CRUD) tracks the US benchmark, West Texas Intermediate, while ETFS Brent Crude (BRNT) mirrors European oil. Both of these funds use derivatives to track the prices, which can affect returns.

Turnill cautions that there could still be “a hefty drop in oil prices, possibly sparked by a large US shale production boost or falling demand”.

Oil futures, which predict the price ahead, have lagged the rise in spot prices, while a stronger dollar could also weigh on oil.

Tom Elliott, international investment strategist at deVere Group, said: “Investors should expect an increase in market volatility. In the shorter term at least it is likely gold and the US dollar may rally on growing fears of further conflicts in the Middle East breaking out, while risk assets, namely stocks and credit markets, may weaken. Oil may rally strongly.

“Geopolitical events such as these underscore how essential it is for investors to always ensure that they are properly diversified - this includes across asset classes, sectors and geographical regions – to mitigate potential risks to their investment returns.”

[waldron] 11/5/2018 20:00

Shell oil research in Shpirag could bring huge investments to Albania
11/05/2018 20:29

The completion of the TAP pipeline and the Devoll cascade is expected to reduce foreign investments and stop economic growth. But Albania may have another alternative to this situation, and that is Shell, the oil giant.

“A few years ago we made a discovery in Shpirag. The question at that time was if there is enough oil for production. We are in the evaluation phase. We are drilling a new well which will give us a final answer this year. If the results will be positive, we will start with the development phase right away. This means the construction of many wells and the supportive infrastructure”;, said Rohan D’Souza, Director of Shell in Albania.

According to the Shell Director in Albania, if the results will be positive, Shpirag could turn into a major investment. However, despite the high optimism, Shell directors remain restrained.

“It is about investing several billions of dollars in a short time. We are very optimistic. This is the reason why we are here and we keep investing. In oil researches you can never be 100% safe”, said the Shell Director.

Due to the lower oil prices, Shell has suspended searches in many countries of the world. In Albania, they keep investing, but they ask the government for more clarity with the fiscal system.

“We have an agreement that defines a given fiscal framework. The tax administration acts based on its law. There is the need to specify which law will be implemented. This is very important for us”, D’Souza said.

Shell is the sixth biggest company in the world. Last year they had a 305 billion USD turnover, 25 times more than the entire GDP of Albania.

Top Channel

[waldron] 11/5/2018 17:24

Total
53.33 +1.18%


Engie
14.64 +0.27%

Orange
15.19 +0.30%


FTSE 100
7,724.55 +0.31%
Dow Jones
24,795.46 +0.23%
CAC 40
5,541.94 -0.07%


Brent Crude Oil NYMEX 77.27 -0.23%
Gasoline NYMEX 2.19 -0.14%
Natural Gas NYMEX 2.81 +0.11%


BP
564.5 +0.09%



Shell A
2,656 +0.85%



Shell B
2,710.5 +0.65%


PREMIUM REDUCED TO 51.5p and still snug in the 2675 to 2775p BOX

[waldron] 11/5/2018 12:38

Total
52.74 +0.06%


Engie
14.6 +0.00%

Orange
15.135 -0.07%


FTSE 100
7,696.17 -0.06%
Dow Jones
24,739.53 +0.80%
CAC 40
5,529.12 -0.30

Brent Crude Oil NYMEX 77.35 -0.13%
Gasoline NYMEX 2.19 +0.03%
Natural Gas NYMEX 2.80 -0.25%



BP
562.9 -0.20%



Shell A
2,626 -0.28%



Shell B
2,683 -0.37%

[petepitstop] 11/5/2018 12:07

The shell global website has a good piece on the Appomattox deep water project due to start production in the Gulf of Mexico in 2019. It is an excellent example of why margins are improving. I can't overstate the importance of high volume x higher margins.

[imperial3] 11/5/2018 09:51

Mr.Trump you are working well.Thank you so much.

[waldron] 11/5/2018 09:43

Total
52.7 -0.02%


Engie
14.58 -0.14%

Orange
15.115 -0.20%

FTSE 100
7,698.4 -0.03%
Dow Jones
24,739.53 +0.80%
CAC 40
5,526.3 -0.35%


Brent Crude Oil NYMEX 77.26 -0.25%
Gasoline NYMEX 2.19 -0.19%
Natural Gas NYMEX 2.81 +0.04%


BP
561.8 -0.39%



Shell A
2,632 -0.06%


Shell B
2,690.5 -0.09%


NOT WAITING FOR GODOT BUT CERTAINLY THE CALM BEFORE THE CALM

[waldron] 11/5/2018 09:03

Shell, Phoenix Petroleum win supply contracts for PSALM plants
Published May 11, 2018 3:09pm

Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines Inc. won the oil-based fuel supply contracts for two power plants of state-owned Power Sector Assets and Liabilities Management Corporation (PSALM) for 2018.

In a statement on Friday, PSALM said it issued the notices of award to Shell and Phoenix as winning bidders for the procurement of supply and delivery of oil-based fuel for Ilijan Natural Gas Power Plant (INGPP) and Malaya Thermal Power Plant (MTPP).
“Shell and Phoenix passed the post-qualification process that PSALM conducted that determined the existence, authenticity and sufficiency of the eligibility and technical documents they submitted,” it said.

Shell submitted the lowest bid for the supply and delivery of neat diesel oil for INGPP amounting P961,161,000.00 during a bidding on April 30, PSALM noted.

For the supply of industrial fuel oil for MTPP, Phoenix emerged as the lowest bidder at P1,138,767,000.00, according to PSALM.

“Phoenix also submitted the lowest bid for the supply and delivery of diesel oil for MTPP, calculated at P47,701,220.00,̶1; it said.

Other bidders that competed for PSALM’s three procurement contracts were Petron Corp., Petrotrade Philippines, Inc., Seaoil Philippines Inc., and SL Harbor Bulk Terminal Corp. —Ted Cordero/VDS, GMA News

[la forge] 10/5/2018 18:07

Natural Gas News
Shell ‘Bullish’; on LNG Canada Project
May 10, 2018 5:00:pm

Summary

$40bn project "should be the next big global LNG investment"
by: Dale Lunan

The president and country chair of the Canadian subsidiary of Anglo-Dutch major Shell said May 9 he is “cautiously optimistic” that Shell and its joint venture partners in the $40bn LNG Canada project in Kitimat, BC will take a positive FID later this year.

Speaking to oil and gas executives and investors at the ARC Energy Investment Forum ‘Playing to Win’ in Calgary, Shell Canada's Michael Crothers pointed to the unexpected 30% increase in global LNG demand last year – most of it emanating from China – and the impact that higher demand would have on the development of new LNG projects.

“We’re quite bullish about that, and we think that this site for LNG Canada is the best site on the west coast,” he said. “We’ve got fantastic transit times – eight days to get to Tokyo Bay – and we have a fantastic resource base in our Groundbirch asset in the Montney, which is getting more and more stranded with the collapse in gas prices at AECO and the steady erosion of markets for our gas in the US.”

Projects like the 14mn metric tons/year LNG Canada export terminal, he said, are the only way to get Canadian gas to offshore markets, where there are “fantastic opportunities” to eliminate coal combustion in places like China, which would eliminate some 50mn metric tons/year of CO2 emissions.

“But the challenge we have, even with all these advantages, is the cost of building something like this in Kitimat,” Crothers reminded his audience. The location is remote, the weather conditions are challenging, and workers must be flown in and out and housed in purpose-built work camps.

“All of that is a challenge, [but] I am cautiously optimistic,” he said. “We are doing everything we can to make this a success and convince our shareholders – not only at Shell but at our JV partners as well – that this is indeed the project that should be the next big global LNG investment.”

[waldron] 10/5/2018 17:13

Total
52.71 -0.13%


Engie
14.6 +0.00%

Orange
15.145 -0.53%


FTSE 100
7,700.97 +0.50%
Dow Jones
24,732.7 +0.77%
CAC 40
5,545.95 +0.20%


Brent Crude Oil NYMEX 77.15 -0.32%
Gasoline NYMEX 2.18 +0.35%
Natural Gas NYMEX 2.81 +2.63%




BP
564 -1.40%



Shell A
2,633.5 +0.00%



Shell B
2,693 -1.07%