Shell Share Discussion Threads

[fjgooner] 13/7/2018 13:06

Chevron, Shell get first waivers to U.S. steel tariffs

Jul. 12, 2018 4:12 PM ET By: Carl Surran, SA News Editor

•The Trump administration has granted the oil and gas sector its first exclusions from a 25% tariff on steel imports, after agreeing with Chevron (NYSE:CVX) and Royal Dutch Shell (RDS.A, RDS.B) that the specialty steel the companies were importing is not manufactured in the U.S.

•The U.S. Commerce Department approved exclusions for 243 metric tons of steel casing and production tubing Shell said it would use when drilling wells in the Gulf of Mexico, and to CVX for 50 metric tons of corrosion resistant stainless steel tubing.

•The exclusions mark a victory for the oil and gas industry, which is concerned that the tariffs could raise their costs; the Commerce Department has processed only 241 out of more than 20K steel tariff exclusion requests.

[waldron] 12/7/2018 19:03

Total
53.27 +0.21%

Engie
13.515 +0.11%

Orange
14.715 -0.07%

FTSE 100
7,651.33 +0.78%
Dow Jones
24,922.49 +0.90%
CAC 40
5,405.9 +0.97%


Brent Crude Oil NYMEX 73.55 -0.86%
Gasoline NYMEX 2.06 -0.68%
Natural Gas NYMEX 2.80 -0.78%



BP
571.4 +0.12%


Shell A
2,630.5 -0.25%


Shell B
2,729 +0.18%

[maywillow] 11/7/2018 21:12

Shell, Nigeria to Develop Natural Gas Projects Worth $3.7 Bln
July 11, 2018, 02:19:20 PM EDT By MT Newswires, MT Newswires

Shutterstock photo

Royal Dutch Shell (RDS.A, RDS.B) has reportedly signed an agreement with Nigeria's state-run oil company and two other groups to develop natural gas projects worth $3.7 billion, as part of the country's initiatives in dealing with a pending domestic fuel shortage, according to media reports on Wednesday.

The seven projects will add 3.4 billion cubic feet per day of natural gas to the Nigerian market, which will help avoid the forecast shortage in 2020. Gas from the projects will be used to produce a target amount of 15 GW of electricity by that year.

Nigeria is the top oil producer in Africa, but it has suffered a decline in oil and gas investments despite the crude oil price rebound because of the lack of government incentives and a delay in the approval of energy industry reform.

[waldron] 11/7/2018 17:35

Total
53.16 -2.67%

Engie
13.41 -0.67%

Orange
14.725 -0.27%

FTSE 100
7,591.96 -1.30%
Dow Jones
24,725.85 -0.78%
CAC 40
5,353.93 -1.48%


Brent Crude Oil NYMEX 76.40 -3.21%
Gasoline NYMEX 2.12 -2.03%
Natural Gas NYMEX 2.82 +1.36%




BP
570.7 -3.19%


Shell A
2,637 -2.13%


Shell B
2,724 -2.03%


For a brief moment rdsb exited the 2675 to 2775p BOX

[waldron] 11/7/2018 17:35

Total
53.16 -2.67%

Engie
13.41 -0.67%

Orange
14.725 -0.27%

FTSE 100
7,591.96 -1.30%
Dow Jones
24,725.85 -0.78%
CAC 40
5,353.93 -1.48%


Brent Crude Oil NYMEX 76.40 -3.21%
Gasoline NYMEX 2.12 -2.03%
Natural Gas NYMEX 2.82 +1.36%




BP
570.7 -3.19%


Shell A
2,637 -2.13%


Shell B
2,724 -2.03%


For a brief moment rdsb exited the 2675 to 2775p BOX

[fjgooner] 11/7/2018 15:38

Massive US Crude Oil inventory draw of 12.633M barrels for the last week just announced. I can't recall any bigger draw over the last few months.

[fjgooner] 11/7/2018 13:16

It appears that OPEC have just signalled that they don't really feel the need to ramp up production un-necessarily high or too soon, as they see demand in 2019 being met by suppliers external to their membership - just reported on Bloomberg TV.

Also referenced here:

[xxxxxy] 11/7/2018 10:01

Just a quick look at the oil politics. Germany is vulnerable. Economy may be weaker below the surface.

[waldron] 10/7/2018 17:35

Total
54.62 +1.15%

Engie
13.5 -0.07%

Orange
14.765 -0.87%


FTSE 100
7,692.04 +0.05%
Dow Jones
24,918.58 +0.57%
CAC 40
5,434.36 +0.67%


Brent Crude Oil NYMEX 78.64 +0.52%
Gasoline NYMEX 2.15 +0.05%
Natural Gas NYMEX 2.80 -0.99%

BP
589.5 +0.84%

Shell A
2,694.5 +1.13%

Shell B
2,780.5 +0.89%

ANOTHER GOOD DAY FOR THE OIL MAJORS DESPITE THE STRIKES AND OTHER MINOR BITS OF BAD NEWS

DID NOT STOP SHELLB MOVING INTO THE 2775 to 2875p BOX

[2hoggy] 10/7/2018 11:38

boing,boing,skippys got some life in him this morning.

[grupo] 10/7/2018 08:24

MASTERINVESTOR


Why BP and Shell could provide sound income returns
By Robert Stephens, CFA 10 July 2018
2 mins. to read
Why BP and Shell could provide sound income returns
JuliusKielaitis / Shutterstock.com

Get this article and many more – for free!

Read the latest Master Investor Magazine

The oil and gas sector has experienced a stunning turnaround in the last year. Boosted by a 50% rise in the oil price, companies across the industry are experiencing profit growth. In many cases, this is leading to increased investment in their operations. And for investors, it could mean that the dividends on offer across the industry become more sustainable over the medium term.

Even though investor sentiment has improved significantly in recent months, FTSE 100 oil majors such as BP (LON:BP) and Shell (LON:RDSB) continue to offer 5%+ dividend yields. As a result, their income potential could be higher than many of their index peers.
Oil price potential

In 2018 and 2019, demand growth for oil is expected to be relatively stable. It is forecast to rise at 1.4 mb/d (millions of barrels per day) due in part to a solid economic background. While non-OPEC supply is forecast to grow at 2 mb/d in 2018, the prospects for OPEC producers are less clear. US sanctions against Iran are expected to come into play in the latter part of the year. They have the potential to reduce production by between 0.5 mb/d and 2.5 mb/d according to various estimates.

The final figure may depend on how stringent the US government is on compliance. At the moment, it is suggesting that there will be few concessions, and countries such as South Korea and Japan look set to comply. As a result, there could be supply disruptions in the coming months, which could cause the price of oil to rise yet further.
Dividend growth

A higher oil price would clearly be positive news for oil and gas producers such as BP and Shell. Both companies have seen market forecasts for their EPS in 2018 and 2019 increase in recent months. Dividends at both companies are now expected to be adequately covered by profit over that time period, with BP’s shareholder payments forecast to be covered 1.35x by earnings and Shell’s due to be covered 1.5x.

If the oil price remains stable or even increases over the medium term, it would be unsurprising if the two companies increased dividends per share. They both prioritised dividend payments during the difficult period for the industry in recent years, and it would therefore seem natural for them to maintain this stance in future.
Improving outlooks

BP’s recent update showed that it continues to ramp-up its major projects. This led to a 6% increase in production in the most recent quarter, with Upstream reporting its strongest quarter since 2014. It also took final decisions on four new projects, which suggests the company is investing for future growth. Likewise, Shell is continuing to make progress with its $30 billion divestment programme. It expects free cash flow to improve over the medium term, with more focused capital discipline set to complement higher oil prices.

Although the two stocks may lack the stability of other high-yield shares, their commitment to maintaining dividends during tough market conditions indicates they may offer stronger income prospects than expected. With the oil price having the potential to rise and their dividend sustainability appearing to be high, they could deliver impressive income investing performance.

[waldron] 09/7/2018 17:30

Total
54 +1.29%


Engie
13.51 -0.55%

Orange
14.895 +0.24%

FTSE 100
7,687.99 +0.92%
Dow Jones
24,736.7 +1.15%
CAC 40
5,398.11 +0.42%


Brent Crude Oil NYMEX 77.85 +0.99%
Gasoline NYMEX 2.14 +1.38%
Natural Gas NYMEX 2.82 -1.05%



BP
584.6 +0.95%


Shell A
2,664.5 +1.78%


Shell B
2,756 +2.13%

[adrian j boris] 09/7/2018 07:42

Oil & Gas
Aramco IPO preparations stall, report says

Written by Bloomberg - 09/07/2018 6:00 am

Saudi Aramco news
Sign up to our daily newsletter
Subscribe TodayPackages from £10 per monthPackages from £10 per month

Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company, the Wall St. Journal reported, citing Saudi officials and people close to the process.

“Everyone is almost certain it is not going to happen,” said a senior executive at Aramco, speaking of the IPO A company spokesman declined to comment, and representatives for the Saudi energy ministry and the government didn’t respond to questions, the Journal said.

The company invited law firms to Dubai to pitch for a possible role in the IPO earlier this year and later told them they had no plans to make a decision anytime soon, people involved in the process said Saudi officials say they have determined that listing on a large stock exchange in New York, London or Hong Kong would carry too many legal risks.

They have also soured on a backup plan of listing only a tiny part of the company on the Saudi stock exchange Tadawul A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman, the Journal said.

[2hoggy] 07/7/2018 12:05

I think that the worlds debt burden is being forgotten and the dollar getting stronger,oil going up to dizzy heights could be the nucleus to start the recession that will kill any share price bonanza.

Its all a bubbling mess at the moment.