Shell Share Discussion Threads

[gibbs1] 07/2/2020 09:59

Shell embarks on 120-MW solar project in Australia
Solar panels in Queensland. Photo by: Sander van Dijk. License: Creative Commons. Attribution 2.0 Generic.

February 7 (Renewables Now) - British-Dutch oil and gas company Royal Dutch Shell PLC today unveiled plans for the construction of its first utility-scale solar farm in Australia -- a 120-MW complex in Queensland.

Shell Australia will be in charge of building and operating the Gangarri power plant near Wandoan, which will generate power for the oil and gas major’s QGC natural gas processing plants. About 400,000 photovoltaic (PV) modules will be installed at the site in northern Queensland, with power generation expected to begin in early 2021.

According to the press statement, Shell Energy Australia, Shell’s domestic energy marketing and trading business, will be the foundation customer for the project, purchasing an equivalent amount of electricity from the natural grid and selling it to Shell’s QGC business. By doing so, Shell will be able to lower the carbon dioxide (CO2) emissions of its QGC coal-seam gas operation by around 300,000 tonnes annually. A power purchase agreement (PPA) will be signed both for the electricity supply and renewable energy certificates from the solar farm.

Shell estimates the project will open up to 200 jobs during the construction phase.

[fjgooner] 07/2/2020 09:53

Meanwhile, back in the real world ...



Shell to Build First Big Solar Plant in Move to Power Production

James Thornhill, Bloomberg News

(Bloomberg) -- Royal Dutch Shell Plc will build its first large-scale solar farm as part of its plan to expand into power generation.

Shell, which has set itself a goal to become the world’s top electricity producer by 2030, expects to complete the plant in Queensland, Australia, early next year. The facility will indirectly supply the company’s QGC liquefied natural gas export facility, reducing that project’s carbon footprint.

“Solar is one of the building blocks of Shell’s power strategy,” said Greg Joiner, Vice-President for Shell Energy in Australia. “We are increasingly incorporating renewable energy into customer offers, as we have done here for QGC.”

The Hague-based company last year announced a deal to buy ERM Power Ltd., the second-largest electricity retailer to commercial and industry customers in Australia. It also bought a 49% stake in Australian solar developer ESCO Pacific.

The 400,000-panel, 120-megawatt solar farm’s location at Wandoan, around 400 kilometers (250 miles) west of Brisbane, was selected “due to its natural advantages for solar generation,” as well as its close proximity to existing power infrastructure and the QCG facility, Shell said.

[montyhedge] 07/2/2020 09:52

Ok 7% dividend yield, 30% loss of capital ask the boys who paid 2550p.

[montyhedge] 07/2/2020 09:50

I see 1775p I worked out p.e 12 and that's generous. Buybacks waste of money, helps p.e and makes directors look good. Pay a special dividend, let investors decide if they want to purchase shares with the cash.Shell to me is a value trap.

[lammergeier] 07/2/2020 09:45

A senior Shell spokesman on CNBC last week said that all the investment decisions
taken up in 2019 were very conservative as they were based on a crude oil price
of $30.
Based on the above if one is looking for the best stable income over the next few
years, is it 1.5% pa in a Bank Deposit A/c or 7% as a shareholder in SHELL with a bonus
of a capital gain in the share price more than likely at this low level.

[montyhedge] 07/2/2020 08:16

Buybacks holding price up of course, 184,000 traded so far l bet 150,00 are buybacks, lol.

[florenceorbis] 07/2/2020 08:10

Asia LNG prices plummet to record lows as China shuts down
Feb. 6, 2020 7:25 PM ET|About: Royal Dutch Shell plc (RDS.A)|By: Carl Surran, SA News Editor

Liquefied natural gas is selling at the lowest price on record in Asia, a troubling sign for U.S. energy producers who have relied on overseas shipments of shale gas amid a weak domestic market.

Asian LNG prices fell to $3/MMBtu today, plunging from above $5/MMBtu as recently as Jan. 15, as a glut in the commodity spreads from the U.S. all over the globe.

"The fundamentals were already really weak" even before the coronavirus outbreak stalled economic activity in China, says Ira Joseph, head of gas and power analytics at S&P Global Platts. "The whole market is really oversupplied."

That's bad news for a wide range of energy firms, from big oil names like Shell (RDS.A, RDS.B) and Chevron (NYSE:CVX), to independent firms that operate export terminals such as Chienere Energy (NYSEMKT:LNG), to shale gas producers such as Range Resources (NYSE:RRC), Cabot Oil & Gas (NYSE:COG) and EQT Corp. (NYSE:EQT)

In the U.S., natural gas prices tumbled below $2/MMBtu last month and have remained there, a remarkable drop given that prices for the heating fuel typically are at their highest levels in winter.

March nat gas futures closed today at $1.862/MMbtu, down 30% from a year ago despite record consumption by U.S. power plants and a surge in exports, both seaborne and across the southern border into Mexico via pipelines.

At prices below $2.25, producers likely will idle drilling rigs and cut production, Bernstein analysts say. "We anticipate this will happen over the coming weeks, which should provide some support to [H2 2020] prices."

[montyhedge] 07/2/2020 08:00

Problem I see has stated in article company cash flow based on $65. I can't see oil getting back there for quite sometime.

[waldron] 07/2/2020 07:54

European stocks mixed; Credit Suisse’s Tidjane Thiam announces resignation
Published Fri, Feb 7 20202:27 AM EST
Silvia Amaro
@Silvia_Amaro



Key Points

Investors remain attentive to the economic developments of the coronavirus.

Credit Suisse announced that Tidjane Thiam is resigning as chief executive officer from the bank, effective from February 14.

Investors are also awaiting nonfarm payrolls due in the U.S. at 1.30 p.m. London time.



European markets are set to open mixed Friday morning, as investors monitor the latest coronavirus developments and breaking news on the corporate front.

The FTSE 100 is seen unchanged at 7,504; the CAC 40 is expected to open higher by 5 points; and the German DAX 30 is seen lower by 7 points at 13, 567; according to IG.

Investors remain attentive to the economic developments of the coronavirus outbreak. S&P Global Ratings said in a report Friday that it lowered its growth forecasts for China for 2020 to 5% from 5.7% prior to the outbreak.

Chinese President, Xi Jinping, spoke with U.S. President Donald Trump on the phone Friday morning, Beijing time. A spokesperson for the White House said that “President Trump expressed confidence in China’s strength and resilience in confronting the challenge of the 2019 novel coronavirus outbreak.”

In corporate news, Credit Suisse announced that Tidjane Thiam is resigning as chief executive officer from the bank, effective from February 14. Thomas Gottstein, who currently heads the bank’s Swiss unit, will be taking over as CEO. The news follows a long drawn-out spying scandal at the bank.

Meanwhile, Skanska and L’Oreal are among the companies reporting Friday. The latter said that on Thursday that China’s coronavirus would be having a short-term impact on its Asian business.

On the data front, there will be German industrial figures at 7 a.m. London time, followed by French trade balance at 7:45 a.m. Investors are also awaiting nonfarm payrolls due in the U.S. at 1.30 p.m. London time.

[nellynell] 06/2/2020 23:21

Royal Dutch Shell: With A Dividend More Than 7%, The Company Has Strong Potential

[waldron] 06/2/2020 17:16

Brent Crude Oil NYMEX 54.89 -0.71%
Gasoline NYMEX 1.65 -0.10%
Natural Gas NYMEX 1.89 +0.05%
(WTI) 50.88 USD -0.59%


FTSE 100
7,504.79 +0.30%
Dow Jones
29,347.32 +0.19%
CAC 40
6,038.18 +0.88%
SBF 120
4,766.87 +0.80%
Euro STOXX 50
3,805.52 +0.71%
DAX
13,574.82 +0.72%
Ftse Mib
24,482.63 +1.01%


Eni
12.97 -0.45%


Total
45.9 +1.02%

Engie
15.71 +1.13%


Bp
475 -1.92%

Vodafone
151.02 +2.75%

Royal Dutch Shell A
2,009.5 -0.74%

Royal Dutch Shell B
2,000.5 -0.74%

[neilyb675] 06/2/2020 16:29

free photo hosting russia

[ftl] 06/2/2020 16:25

More than half a million barrels per day (bpd) cut agreed by the OPEC technical committee

[the grumpy old men] 06/2/2020 15:03

montyhedge
6 Feb '20 - 14:59 - 9473 of 9473
0 0 0
Great article by Jim Cramer, scroll down interesting.




NEVER LIKED CRAMERS WAY OF PRERSENTING A SITUATION

[montyhedge] 06/2/2020 14:59

Great article by Jim Cramer, scroll down interesting.https://oilprice.com/Energy/Energy-General/Jim-Cramer-Fossil-Fuels-Are-Done.html

[crossing_the_rubicon] 06/2/2020 12:40

OPEC+ technical meeting drags on

A technical committee of OPEC+ has added a third day of meetings after failing to reach a recommendation on an emergency summit of oil ministers. Delegates are split over the threat the coronavirus poses to global consumption, with Saudi Arabia pushing for immediate and deeper output cuts to the opposition of Russia, whose budget is more resilient to lower crude prices.

[adrian j boris] 06/2/2020 10:39

LOL If monty gets shell at 1775p i do believe he will be ramping ten to a dozen

never seems to support his guesses

[fjgooner] 06/2/2020 10:34

Because he doesn't own any of course.

After the Micro Focus crash, maybe can't even afford any.

[adrian j boris] 06/2/2020 10:30

montyhedge
6 Feb '20 - 10:26 - 9465 of 9465
0 0 0
After ex div, seems investors buying before ex, 1775p my target.
Oil price going nowhere.



WHY SUCH A FALL MONTY

ARE YOU PUTTING IT DOWN TO THE CHINA DEMISE

PERHAPS INVESTORS MIGHT ALSO USE THEIR DIVIS TO BUY MORE CHEAP SHELL SHARES

[montyhedge] 06/2/2020 10:26

After ex div, seems investors buying before ex, 1775p my target.Oil price going nowhere.https://www.google.co.uk/amp/s/oilprice.com/Energy/Energy-General/Crashing-Copper-Prices-Spell-Trouble-For-Oil.amp.html