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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Shell Plc | LSE:RDSB | London | Ordinary Share | GB00B03MM408 | 'B' ORD EUR0.07 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 1,894.60 | 1,900.40 | 1,901.40 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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01/3/2019 17:17 | FTSE 100 7,106.73 +0.45% Dow Jones 25,961.53 +0.18% CAC 40 5,265.19 +0.47% Brent Crude Oil NYMEX 64.68 -2.46% Gasoline NYMEX 1.71 -2.15% Natural Gas NYMEX 2.85 +1.21% (WTI) - 01/03 17:51:07 56.03 USD -2.03% Eni 15.038 -0.84% Total 49.875 -0.23% Engie 13.34 +0.68% Orange 13.33 -0.82% BP 533 -0.26% Shell A 2,350.5 +0.04% Shell B 2,364.5 +0.00% whatta flat day despite the negative news | waldron | |
01/3/2019 17:12 | I thank you W (love your stats btw)The days trades data has been annoying since the divvi with many days a 900k seller appearing inc the ex staffer who offloaded over a million over two days.This continues to offset the million a day buybacks. Is someone large reducing a massive position or a run of smaller thatwill end soon (hopefully) | the white house | |
01/3/2019 16:57 | the white house 1 Mar '19 - 16:33 - 5231 of 5232 0 1 1 How about some analysis of the comments rather than endless cut and pasted? ie When (the useless) Moodys say...rising shareholder remunerations...will hold Shell back what am I missing in that every days buyback is reducing Shells future shareholder renumerations burden given the flat Divvi policy? TWH You are more than welcome to post more helpful and informative posts enjoy your weekend cheers | waldron | |
01/3/2019 16:33 | How about some analysis of the comments rather than endless cut and pasted?ie When (the useless) Moodys say...rising shareholder remunerations...will hold Shell back what am I missing in that every days buyback is reducing Shells future shareholder renumerations burden given the flat Divvi policy? | the white house | |
01/3/2019 16:08 | I havq little problem with a multitude of similar stories as they seem to differ as the day goes on. The interesting thing is the share price is not really impacted by such news Shell B 2,369.5 +0.21% The Italian judge's statement came three months after the court found two middlemen -- Nigerian Emeka Obi and Italian Gianluca Di Nardo -- guilty of international corruption in a connected case, sentencing them to four-year prison sentences. The companies have also faced potential legal challenges in Nigeria, where the country's financial crimes watchdog has threatened to strip the companies of their claim to the oil field. NEXT WEEK WILL CONFIRM WHETHER A SUBSTANTIAL IMPACT | waldron | |
01/3/2019 15:32 | Can anyone else find another version of this story to post? I don't think we've seen quite enough yet. | fjgooner | |
01/3/2019 13:50 | LONDON -- Royal Dutch Shell PLC is expected to face prosecution in the Netherlands on criminal charges connected to a 2011 Nigerian oil deal, the company said Friday, the latest twist in one of the oil industry's biggest bribery scandals. The Anglo-Dutch oil giant said in a short statement that the Dutch public prosecutor's office was preparing to prosecute the company for charges "directly or indirectly" connected to a 2011 oil tender. The Dutch Public Prosecution Service said that it had concluded through its investigation of Shell that there were prosecutable offenses. "We are not yet able to make any announcements about the further course of the case at the moment," a spokeswoman for the prosecution service said. The likely prosecution stems from a $1.3 billion deal jointly made by Shell and Italian rival Eni SpA to develop an oil field in the waters off Nigeria's coast. The companies had acquired the field, known as OPL245, from a company owned by former Nigerian oil minister Dan Etete. The deal quickly fell apart and the field remains undeveloped. Shell and Eni have denied wrongdoing in previous cases related to the deal. Shell declined to comment beyond its statement on the expected Dutch case. In a statement Friday, Eni said it isn't under investigation by Dutch authorities and continues to deny all wrongdoing in connection with the 2011 deal. The move by Dutch prosecutors comes on the heels of an ongoing corruption case against Shell and Eni being brought by Italian prosecutors related to the OPL245 deal. Italian officials alleged that Eni Chief Executive Claudio Descalzi and the other executives at both Shell and state-backed Eni knew most of the $1.3 billion the companies paid to the Nigerian government to acquire the drilling rights for OPL245 would be distributed as bribes. Italian prosecutors also said , the Nigerian president at the time of the deal, received part of the kickbacks. Mr. Jonathan has denied involvement. --Goodluck Jonathan Shell and Eni denied wrongdoing in relation to allegations made in the Italian trial. In December, as part of the continuing trial, a Milan judge stated that Shell and Eni were "fully aware" that part of their payments for the oil tender would be used for kickbacks to Nigerian politicians and officials. Prosecutors had alleged that around $1.1 billion of the $1.3 billion paid for the oil field was distributed to agents and middlemen. The Italian judge's statement came three months after the court found two middlemen -- Nigerian Emeka Obi and Italian Gianluca Di Nardo -- guilty of international corruption in a connected case, sentencing them to four-year prison sentences. The companies have also faced potential legal challenges in Nigeria, where the country's financial crimes watchdog has threatened to strip the companies of their claim to the oil field. Write to Christopher Alessi at christopher.alessi@w (END) Dow Jones Newswires March 01, 2019 08:28 ET (13:28 GMT) | ariane | |
01/3/2019 13:46 | Shell to buy virtual power plant firm Limejump 1 March 2019, source edie newsroom Oil and gas major Shell has agreed to buy UK-based energy start-up Limejump, a move which will see the firm acquire one of the nation's largest battery storage networks. The move comes after Shell announced in January that it is exploring plans to double its investment in low-carbon projects The move comes after Shell announced in January that it is exploring plans to double its investment in low-carbon projects Limejump currently owns and operates technology it has described as “the UK’s largest virtual power plant”, which combines industrial and domestic-scale batteries with demand response (DR) to offer grid flexibility and stability as more renewables come online. The technology allows small-scale renewable generators, battery storage operators and DR providers direct access to the Balancing Mechanism (BM) Market, bringing more clean power onto the grid. The BM Market has been dominated by large-scale coal-fired, gas-fired and nuclear power plants, with industrial-scale renewable facilities making up a smaller proportion of its capacity. But last year, Limejump became the first aggregated unit to be granted approval from regulator Ofgem to compete alongside these large energy producers in the National Grid’s BM Market. Shell’s purchase, which is set to be completed this spring, will see Limejump become a wholly owned subsidiary of the oil and gas firm. “We are impressed by the Limejump team and their track record of building a digital energy platform that connects and optimises a diverse range of assets,” Shell New Energies’ vice president for energy solutions Brian Davis said. “Together, we can offer more choices to our customers in the UK as we accelerate the building of a customer-focused energy system in support of Shell’s strategy to offer more and cleaner energy solutions to customers.” Limejump’s chief executive and founder Erik Nygard added that the acquisition would help his company to bring about its vision of a zero-carbon future for the UK energy sector. “We are in the middle of an energy revolution and joining forces with Shell allows Limejump to make a much greater impact on the market,” he said. “We will remain independent and we will continue to focus on our three main objectives: paving the way to a more sustainable energy future, maximising revenue streams for all decentralised asset owners and utilising data science and technology to enhance the interplay between renewable supply, demand flexibility and energy storage.” Low-carbon future The announcement from Shell comes shortly after the firm revealed that it was exploring the feasibility of doubling its annual green energy investments to $4bn (£3.2bn), as it begins to transition away from fossil fuels and move into the low-carbon and renewables sectors. The Dutch firm committed in 2018 to spend $1bn-$2bn annually on clean energy projects and research by 2020 - up 100% from 2017's spend. Since then, it has invested in a number of low-carbon projects, including hydrogen refuelling infrastructure, electric vehicle (EV) charge points and a battery storage array in Norfolk. Shell has also invested heavily in solar firms and, more recently, confirmed its acquisition of energy storage and ‘smart’ energy technology start-up Sonnen. Looking to the future, Shell has hinted that it may begin paying executives in line with annual progress towards its decarbonisation goals. It is striving to reduce the carbon footprint of its energy products by 20% by 2035, rising to 50% by 2050 Sarah George | ariane | |
01/3/2019 13:38 | Bin. Disposing of assets - Nigerian or otherwise - is not wasting money. The asset sale simply crystallizes the gain in the period of sale rather than spread as income over the life of the asset. And of course the asset sale proceeds can be immediately applied to funding projects elsewhere. Where Shell won't be blackmailed, sued or otherwise dragged through the dirt every 5 minutes. Ich bin ein Befürworter des Verkaufs nigerianischer Vermögenswerte. | fjgooner | |
01/3/2019 13:30 | Shell faces fresh criminal charges over scandal-plagued $1.3bn Nigerian oil deal Dutch prosecutors preparing case against oil giant over allegedly corrupt OPL 245 deal Ben Chapman @b_c_chapman 4 minutes ago Click to follow The Independent New charges come as Shell in on trial in Italy over the purchase; Nigeria's government has also filed a billion-dollar lawsuit against the company New charges come as Shell in on trial in Italy over the purchase; Nigeria's government has also filed a billion-dollar lawsuit against the company ( PA ) Shell faces criminal charges in the Netherlands over a Nigerian oil licence at the heart of a $1.3bn corruption scandal. The Dutch Public Prosecutor's Office (DPP) is preparing charges related to Shell’s 2011 purchase of the valuable offshore oil field, known as OPL 245. “As appropriate, we will provide updates as this matter progresses,” Shell said on Friday. Shell and two of its former senior executives, Peter Robinson and Malcolm Brinded, are in the midst of a separate criminal trial in Italy over the purchase. Top articles 4/5 READ MORE People with mental health problems pay £1,000 premium for essential services each year, charity says Italian prosecutors allege that Shell and Italian oil giant Eni, which was also part of the deal, knew $1.1bn of the fee was going to a company controlled by convicted money launderer and former Nigerian oil minister Dan Etete. Hundreds of millions of dollars were then distributed to a number of middlemen and well-connected officials, with some of the money being used to buy a private jet, armoured Cadillacs, fine art and luxury shotguns, prosecutors allege. World news in pictures Show all 50 01 March 2019 28 February 2019 27 February 2019 26 February 2019 Eni’s chief executive Claudio Descalzi and his predecessor Paolo Scaroni are among those charged in the case. Both companies and all of the individuals charged deny the allegations. Promoted stories Nouvelle Classe A : essayez-la !Mercedes-Benz France What you need to know about your skin’s microbiome A partir de 50 ans, prévenez les douleurs articulaires avant qu'il ne soit trop tardLa santé au naturel - Institut Actiscience by Taboola Promoted Links New charges in the Netherlands will open up another front on Shell’s multiple legal battles. The Anglo-Dutch firm also faces a billion-dollar claim from the Nigerian government over alleged fraud and corruption stemming from OPL 245. Nigeria claims hundreds of millions of dollars were diverted from the public purse for “bribes and kickbacks”. Swiss, US and French authorities have also investigated the case. Separately, Shell faces legal action from thousands of residents of the Niger delta who say their livelihoods have been ruined by decades of oil spills from the company's pipelines. The amount allegedly distributed as bribes is more than the entire 2018 healthcare budget of Nigeria, a country where vast oil wealth lives side-by-side with 87 million people in extreme poverty. In total, Nigeria will be deprived of $6bn under the deal because of the terms agreed for future oil revenues from OPL 245, research by Global Witness found. Shell has said it does not believe there is a case to answer. Read more Shell faces one of the biggest corporate corruption cases in history After years of denials, Shell admitted in 2017 that it knew Mr Etete was behind the OPL 245 deal. In the final days of the regime of Sani Abacha in 1998, Mr Etete awarded the oil field – which held around a quarter of Nigeria’s known reserves – to a company called Malabu Oil and Gas, which it later emerged he controlled. When rights to the field were finally sold in 2011, the payments went through the Nigerian government but were then paid into Malabu’s accounts, much of it via banks in London. Shell says it paid money to the Nigerian state and therefore acted properly. Emails revealed that a former MI6 agent hired by Shell, who is also a defendant in the case, had been in contact with Mr Etete from at least 2009, two years before the deal was sealed. The agent wrote of champagne lunches with Etete in Paris at which the deal was discussed. In one internal email to a senior Shell executive, he wrote: “Etete can smell the money. If, at nearly 70 years old, he does turn his nose up at $1.2bn he is completely certifiable and should then probably just hold out until nature takes his course with him.” Further correspondence from June 2010 states that Etete claimed to have a letter from Goodluck Jonathan, then Nigerian president, that was “clearly an attempt to deliver significant revenues to GLJ as part of any transaction”. Hundreds of millions of pounds of that money passed through JP Morgan in London, which is being sued by the Federal Government of Nigeria for “gross negligence”. In court filings, JP Morgan said the UK’s top anti-money laundering authority gave the green light for the payments after the bank raised a series of suspicious activity reports. We’ll tell you what’s true. You can form your own view. At The Independent, | ariane | |
01/3/2019 12:38 | Seem a few clouds on the horizon going by the rns today. | montyhedge | |
01/3/2019 12:31 | Dow is set to rise triple digits after strong US economic growth data At around 6 a.m. ET, Dow futures indicated a positive open of more than 150 points. Futures on the S&P 500 and Nasdaq Composite were both seen slightly higher. Market focus is largely attuned to U.S.-China trade developments, amid mixed messages about the progress of talks between Washington and Beijing. Sam Meredith | @smeredith19 Published 4 Hours Ago Updated 33 Mins Ago | ariane | |
01/3/2019 12:14 | Moody's Praises Shell's Balance Sheet But Has Remuneration Concern Fri, 1st Mar 2019 11:32 LONDON (Alliance News) - Moody's Investors Service on Friday affirmed the Aa2 issuer ratings of oil & gas company Royal Dutch Shell PLC, and kept a stable outlook. The ratings agency noted Shell's financial profile strengthened "substantially" over the last two years, supported by rising operating cash flow generation, reduced capital spending, and a successfully executed USD30 billion divestment programme. In 2017, operating cash flow surged by 73% to USD35.65 billion with capital investments down by 85% to USD3.83 billion. In 2018, Shell further improved its operating cash flow to USD53.09 billion, with capital investment up 17% to USD4.46 billion. Moody's said the ratings affirmation reflects its expectation continued strong operating performance in 2019 and 2020 will be offset by rising shareholder remuneration, thereby preventing Shell's financial profile to sustainably achieve the level commensurate with a higher rating. "We have affirmed Shell's Aa2 rating with stable outlook reflecting the improved financial profile on the back of strong operating performance in 2018 and substantial de-leveraging," said Moody's Senior Vice President Sven Reinke. "However, while Shell is now strongly positioned in the Aa2 rating category, we expect the company's rising shareholder remuneration will prevent it from achieving a further improvement of its financial profile," added Reinke. Shell's A shares were trading 0.3% higher on Friday at 2,355.5 pence each, while B shares were up 0.2% at 2,370.0p. By Evelina Grecenko; evelinagrecenko@alli | la forge | |
01/3/2019 11:51 | Shell to be prosecuted with criminal charges over 'corrupt' Nigerian oil deal Oil giant Shell will be prosecuted by the Dutch Public Prosecutor’s Office over an allegedly corrupt deal in Nigeria. Shell and Italian firm Eni stand accused of bribery over payments made to secure an exploration licence for a Nigerian oil block. Both firms have previously denied any wrongdoing. Chloe Taylor Published 27 Mins Ago CNBC.com BRITAIN-NETHERLANDS- Carl Court | AFP | Getty Images Shell will be prosecuted for criminal charges relating to a $1.3 billion settlement for an oil exploration licence in Nigeria, the company said on Friday. The Dutch Public Prosecutor's Office (DPP) informed Shell it is nearing the conclusion of an investigation into the case and is preparing to prosecute the oil giant, the company said in a statement on its website. Shell and Italian oil firm Eni were accused of bribery in 2017 over a $1.3 billion payment that secured an exploration licence for an oil block, known as OPL 245, in 2011. It was alleged that although the funds were paid to the Nigerian government, the money actually went to Malabu Oil and Gas — a company linked to former oil minister Dan Etete. Eni CEO Claudio Descalzi and four ex-Shell managers are also facing charges of international corruption in Italy, where prosecutors allege they were aware that payments would be pocketed by individuals rather than the Nigerian government. Shell and Eni have both denied any wrongdoing. In an emailed statement, the DPP told CNBC Friday: "On the basis of the ongoing criminal investigation, the Public Prosecution Service concluded that there are prosecutable offenses. We are not yet able to make any announcements about the further course of the case." In November, a report from campaign group Global Witness said that Nigeria would lose $6 billion in oil revenue because of the terms of the allegedly corrupt deal. Shell declined to comment when contacted by CNBC about the DPP's decision to prosecute. Responding to the prosecution announcement, an Eni spokesperson told CNBC via email that the company had no involvement in the proceedings brought by Dutch prosecutors. "Eni confirms, once again and as based on the current outcomes in the ongoing trial in Milan, the correctness and compliance of every aspect of the transaction in respect of OPL 245 concluded in 2011, both with applicable laws and global industry practice," the spokesperson said. "Eni continues to reject any allegation of impropriety or irregularity in connection with its conduct." A spokesperson the Federal Government of Nigeria was not immediately available for comment when contacted by CNBC. Shell's shares were hovering around the flat line on Friday morning. Chloe TaylorNews Assistant | la forge | |
01/3/2019 11:32 | Dow is set to rise triple digits after strong US economic growth data At around 6 a.m. ET, Dow futures indicated a positive open of more than 150 points. Futures on the S&P 500 and Nasdaq Composite were both seen slightly higher. Market focus is largely attuned to U.S.-China trade developments, amid mixed messages about the progress of talks between Washington and Beijing. Sam Meredith | @smeredith19 Published 3 Hours Ago Updated 25 Mins Ago CNBC.com U.S. stock index futures were higher Friday morning, after official data showed stronger-than-antici At around 6 a.m. ET, Dow futures indicated a positive open of more than 150 points. Futures on the S&P 500 and Nasdaq Composite were both seen higher. The moves in the premarket followed better-than-expected U.S. economic growth in the final three months of 2018. Gross domestic product (GDP) rose 2.9 percent for the year, official data showed on Thursday, just shy of the Trump administration's 3 percent target. Market focus is also largely attuned to U.S.-China trade developments, amid mixed messages about the progress of talks between Washington and Beijing. On Thursday, President Donald Trump said the U.S. could walk away from a comprehensive agreement with China if the terms were not good enough. However, White House economic advisor Larry Kudlow has since said talks between high-level officials had been "fantastic" and said both sides were on track to reach a "remarkable, historic deal." Market participants are likely to closely monitor a fresh batch of economic data on Friday. Personal income, consumer spending and core PCE figures for December and January will be released at around 8:30 a.m. ET. Manufacturing PMI, ISM manufacturing, and consumer sentiment data are all expected to follow later in the session. In corporate news, Foot Locker, Dentsply Sirona, and Tribune Media are among some of the companies set to release their latest quarterly results before the opening bell. Sam MeredithDigital Reporter, CNBC.com | la forge | |
01/3/2019 11:13 | Dutch prosecutors investigate Shell over disputed Nigeria oil licence Business March 1, 2019 Photo: Depositphotos.com Anglo-Dutch oil giant Shell said on Friday it is being investigated by the Dutch public prosecution department in connection with disputes over an oil prospecting licence in Nigeria. ‘We have been informed … that they are nearing the conclusion of their investigation and are preparing to prosecute Royal Dutch Shell for criminal charges,’ the company said in a short statement. The charges related directly or indirectly to the 2011 settlement of disputes over a prospecting licence, Shell said. The licence concerned, OPL 245, was bought jointly by Shell and Italy’s Eni and is also the subject of a criminal investigation in Italy and in London. Shell and Eni bought the licence for some €1.3bn from a company owned by a former government minister. It is alleged that about $1.1 billion of the money paid for the oil block was siphoned off to agents and middlemen. In December, an Italian judge said Shell and Eni were fully aware that the deal would result in corrupt payments to Nigerian politicians and officials. Shell and Eni have previously denied any wrongdoing. In December the government of Nigeria filed a $1.09 billion claim against Shell and ENI in London, alleging that both companies engaged in bribery and unlawful conspiracy. In addition, a federal high court in Lagos is currently hearing a case brought by human rights groups which wants the federal government to revoke OPL 245. DutchNews.nl has been free for 12 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch. Donate via Ideal, credit card or Paypal. Read more at DutchNews.nl: | the grumpy old men | |
01/3/2019 11:06 | Rating Action: Moody's affirms Royal Dutch Shell's Aa2 ratings with stable outlook; upgrades Shell Energy North America to A2 01 Mar 2019 London, 01 March 2019 -- Moody's Investors Service ("Moody's") has affirmed the Aa2 issuer ratings, (P)Aa2 senior unsecured MTN and Prime-1 commercial paper ratings of multinational oil and gas company Royal Dutch Shell plc (Shell) and its guaranteed subsidiaries. The outlook remains stable. At the same time, Moody's has upgraded to A2 from A3 the issuer rating of Shell Energy North America (US), L.P. (SENA), a wholly owned subsidiary of Shell. "We have affirmed Shell's Aa2 rating with stable outlook reflecting the improved financial profile on the back of strong operating performance in 2018 and substantial de-leveraging. However, while Shell is now strongly positioned in the Aa2 rating category, we expect that the company's rising shareholder remuneration will prevent it from achieving a further improvement of its financial profile," says Sven Reinke, a Moody' Senior Vice President. Moody's also affirmed the Aa2 issuer ratings of Shell Finance (Netherlands) B.V. and Aa3 issuer rating of Shell Oil Company (SOC). | the grumpy old men | |
01/3/2019 10:56 | The United States on Thursday congratulated Nigerians upon a ‘successful vote’ that handed president Muhammadu Buhari a second term. “We commend all those Nigerians who participated peacefully in the election and condemn those whose acts of violence harmed Nigerians and the electoral process,” Secretary of State Mike Pompeo said in a statement. | the grumpy old men | |
01/3/2019 10:50 | ICH BIN WHAT COST AND LOSS FOR FUTURE YEARS DAMAGE ALREADY DONE SO BEST TO MOVE FORWARD AND CLAW BACK PROFITS WITH HELP OF GOVERNMENT GET A GOOD NEW DEAL THIS FARCE IS A SMALL THING COMPARED TO FUTURE BIG GAINS NO TO BIN IMHO Edit market thinks it no big deal nor should we | the grumpy old men | |
01/3/2019 09:31 | CHECKOUT.COM Shell Aims To Boost Gas Output From Norway's Ormen Lange Field Published on Mar 1 2019 8:50 AM in Supply Chain tagged: Norway / Gas / Royal Dutch Shell Shell Aims To Boost Gas Output From Norway's Ormen Lange Field Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of its Norwegian operations said on Wednesday. Output from Shell-operated Ormen Lange, Norway's second-largest gas field and one of the key external gas supply sources for Britain, has been gradually declining since its 2012 peak. The company postponed plans to artificially increase the field's pressure to pump out more gas in 2014 due to high costs. Improving Output With costs having fallen since, the company and its partners, including Norway's Equinor and ExxonMobil, now aim to choose between two proposals to improve output and recoverable reserves, said Rich Denny, head of Shell's operations in Norway. The proposals are from OneSubsea, a Schlumberger company, and TFMC. The Ormen Lange partners plan to make their selection this year, with implementation in the 2020s. "That will increase the ultimate recovery ... Bringing compression in will (also) increase the annual output and effectively will extend the field life by keeping the annual output going for longer," Denny said. He declined to specify how big the expected increase in recovery rates or production volumes would be, but said the difference would be "material". Ormen Lange produced 15.7 billion cubic metres (bcm) of natural gas in 2018, down from a peak of 22.2 bcm in 2012. Reducing Costs In January, when the firm announced its intention to revive the project, it said it had managed to reduce costs by more than 50% compared to the first time it considered offshore compression for Ormen Lange. Costs in subsea gas compression installations can vary, however. A similar Equinor project at the Gullfaks field in 2015 set the firm back $2.4 billion. Denny said Shell, which sold its shares in the Draugen and Gjoea fields to OKEA, planned to keep its stakes in the Ormen Lange field, Nyhamna gas processing field as well as Norway's largest gas field Troll. "That will provide us with a stable well-run cash flow coming from Norway, to build new opportunities from that, either in oil and gas or in new energy such as offshore wind, depending on how that business matures," he added. Earlier this year, Shell decided to invest in a small floating offshore wind project that will test new technology in Norway by 2020, together with Germany's Innogy and Denmark's Stiesdal Offshore Technologies. | the grumpy old men |
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