Shell Share Discussion Threads

[fjgooner] 13/2/2020 22:05

As a long-term energy investor and advocate, and as an Artificial Intelligence graduate from the early days of GOFAI, I found this article published in the Wall Street Journal rather enjoyable.



Shell Aims to Enroll Thousands in Online Artificial-Intelligence Training

Courses from Udacity, taken during work hours, help plug gaps in employees’ AI skills

By Sara Castellanos
Updated Feb. 13, 2020 3:57 pm ET

Extract - please read full via the link above

Royal Dutch Shell PLC is expanding an online program that teaches its employees artificial-intelligence skills, part of an effort to cut costs, improve business processes and generate revenue.

The Anglo-Dutch oil company, which has about 82,000 employees, said about 2,000 have expressed interest in or have been approached by management about taking AI courses through online-education company Udacity Inc. They include petroleum engineers, chemists and geophysicists, among others.

The courses are voluntary, not required, and employees can complete them at their own pace during work hours, Shell said. The oil company covers the cost of the training.

Shell has a broader strategy to embed AI across its operations, a move that has helped the oil giant lower costs and avoid downtime. Other oil-and-gas companies that have tapped AI to improve operations and reduce costs include Exxon Mobil Corp., BP PLC and Chevron Corp.

“Artificial intelligence enables us to process the vast quantity of data across our businesses to generate new insights which can keep us ahead of the competition,” said Yuri Sebregts, Shell’s chief technology officer, in an email.

[waldron] 13/2/2020 18:05

xxxxxy
13 Feb '20 - 17:54 - 9709 of 9710
0 0 0
Sorry. Should have said energy source and many other considerations.
xxxxxy
13 Feb '20 - 17:56 - 9710 of 9710
0 0 0
RDSB is GOOD too

YES IT WOULD BE PREFERABLE TO TALK MORE ABOUT SHELL

[xxxxxy] 13/2/2020 18:03

Piers Corbyn . Brother of J Corbyn.Corbyn has stated his belief that the anthropogenic contribution to global warming is minimal with any increase in temperature due to increased solar activity.[40] This view is in contradiction with mainstream science.[27] In 2008 Corbyn stated that "CO2 has never driven, does not drive and never will drive weather or climate. Global warming is over and it never was anything to do with CO2. CO2 is still rising but the world is now cooling and will continue to do so."[41] In 2009 he attended the International Conference on Climate Change organised by the Heartland Institute.[42]He writes about his views, including the idea that the world is experiencing cooling, on his website[43] and appears on talk shows to discuss what he considers to be weaknesses of the argument for man-made global warming.[44] He featured in a Channel 4 documentary The Great Global Warming Swindle in 2007; a scientifically reviewed complaint to Ofcom noted that he was introduced as 'Dr Piers Corbyn, Climate Forecaster' despite not having a doctorate nor any qualification specifically in climate science or environmental science.[45] In 2015 BBC Radio 4 apologised for an "unfortunate lapse" of a documentary, presented by Daily Mail journalist Quentin Letts, which featured Corbyn in a critique of the Met Office's views on climate change while failing to mention the scientific consensus.[46]Source Wikipedia

[xxxxxy] 13/2/2020 17:56

RDSB is GOOD too

[xxxxxy] 13/2/2020 17:54

Sorry. Should have said energy source and many other considerations.

[waldron] 13/2/2020 17:52

Brent Crude Oil NYMEX 56.32 +0.95%
Gasoline NYMEX 1.74 +0.67%
Natural Gas NYMEX 1.87 -0.21%
WTI 51.62 USD +0.31%

FTSE 100
7,452.03 -1.09%
Dow Jones
29,510.38 -0.14%
CAC 40
6,093.14 -0.19%
SBF 120
4,811.9 -0.13%
Euro STOXX 50
3,846.74 -0.15%
DAX
13,745.43 -0.03%
Ftse Mib
24,883.58 +0.09%



Eni
12.988 -0.85%

Total
45.395 -0.20%

Engie
15.91 -0.19%

Bp
459.95 -3.09%

Vodafone
151.76 -0.58%

Royal Dutch Shell A
1,941.2 -3.33%

Royal Dutch Shell B
1,947.2 -3.65%

[jubberjim] 13/2/2020 17:24

sorry monty old chap am going to respectfully disagree
my 1957 (year of birth ) has come to pass
will look to add if it falls any further
my parameters vis a vis BP and RDSB have diverged too much
I think we are due a correction
BP has further to fall whereas I think RDSB is due a little fillip
I could be wrong but heres hoping I don t end up with too much egg on my face
Have had a little tickle at Centrica and a bit more of B t time will tell
good luck all you posters

[waldron] 13/2/2020 15:11

Coronavirus sends 2020 oil demand growth forecasts falling to lowest level since 2011

Oil & Gas

By Andrew Fawthrop 13 Feb 2020

The evolution of the world health crisis has sent prices plummeting in 2020 as oil demand in China — the world's biggest importer — drops away
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The IEA has revised down its oil demand growth forecasts for 2020

Forecasts for global oil demand growth in 2020 have been revised downwards to their lowest level in nine years, as markets endure the “significant” consequences of the coronavirus’ impact.

Annual demand growth is expected to fall by 365,000 barrels per day (bpd) to 825,000 bpd, according to the figures published today by the International Energy Agency (IEA).

In the first three months of 2020, the intergovernmental organisation says demand will be 435,000 bpd lower compared to the previous year — signalling the first quarterly contraction for more than a decade.


Weakening oil demand in 2020 has sent prices falling

The Oil Market Report points to the “widespread shutdown of China’s economy” as the key driver behind these revised estimates, as quarantine measures and general economic slowdown resulting from the coronavirus outbreak inhibit demand from the world’s biggest importer.

It states: “The impact of coronavirus on oil prices has been sharp — Brent crude values fell by about $10 per barrel, or 20%, to below $55 per barrel.

“Before the virus came along, the market was already nervous in anticipation of a supply overhang of one million bpd in the first half of 2020, due to continued expansion in the US, Brazil, Canada, and Norway.

“Even threats to security of supply, like tension in Iraq, a one million barrel per day fall in Libyan oil production, and force majeure declared for some Nigerian cargoes, had little impact on prices.

“Now that the demand outlook has weakened, prices have moved significantly down.”


Opec+ considering further production cuts to bolster markets

Already facing the prospect of slowing demand before coronavirus emerged at the start of the year, the world’s biggest oil producers had already taken curtailment measures to steady the ship of global markets and firm up commodity prices.

A December meeting of Opec members and their allies — an intergovernmental body known as Opec+ nominally led by Saudi Arabia and Russia — resulted in an agreement to make oil production cuts of 2.1 million bpd.

Earlier this month, an advisory committee to these prolific producers held crunch talks in Vienna to discuss potential further measures in response to the world health crisis — with the outcome being to recommend an extension of existing cuts as well as deepening them by a further of 600,000 bpd.

The IEA said: “From the point of view of the producers, before the coronavirus crisis the market was expected to move towards balance in the second half of 2020, due to a combination of the production cuts implemented at the start of the year, stronger demand and a tailing off of non-Opec supply growth.

“Lower oil prices, if sustained, are also bad news for highly responsive US oil companies, but we are unlikely to see an impact on output growth until later in the year.

“The effect of the health crisis on the wider economy means that it will be difficult for consumers to feel the benefit of lower oil prices.”

[waldron] 13/2/2020 15:04

its great that IC has confidence in EUROPEAN OILIES

AS ALWAYS HOW ABOUT PRINTING THE FULL ARTICLE MONTY


It seems your opinion counts for nothing these days with some sort of support

your creditiability counts for zilch when i view the thumbs up and thumbs down

[montyhedge] 13/2/2020 14:38

Just seen Investors Chronicle, they have BP a SELL, I prefer BP over Shell.

[montyhedge] 13/2/2020 13:57

Large oil, especially Shell is a value trap, in my opinion, borrowing money to have the ridiculous buybacks.

[supermarky] 13/2/2020 13:03

boris is tightening his grip and imo that us bloody good news. he needs to have tight control and let him get on with it. good on him and his close team imo. at least decisions are being made

[supermarky] 13/2/2020 13:01

I agree wad ciollectorImpossible to guess absolute bottom but I am happy to start coming in here.

[wad collector] 13/2/2020 12:57

Just added at 1940. Medium term a good bet I reckon.

[essentialinvestor] 13/2/2020 12:54

EJ, spend, spend, spend. GBP and domestic cyclical supportive.
Treasury now effectively under No 10 complete control.
Unhelpful for big overseas earners - rudimentary and initial take.

[adrian j boris] 13/2/2020 11:59

ON THE OTHER HAND ACCORDING TO STOXLINE


Moving Averages analysis

Price and moving averages has closed below its Short term moving average.

Short term moving average is currently below mid-term; AND below long term moving averages.

From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.

[adrian j boris] 13/2/2020 11:56

Signal Update

Our system’s recommendation today is to BUY.

The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 1,987.40, and our valid average buying price stands now at 2,016.21.

The previous SELL signal was issued on 17/01/2020, 26 days ago, when the stock price was 2,265.00.

Since then RDSB.L has fallen by -10.98%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride.

The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor.

The market is telling you about a new profit.

Do not miss this bullish opportunity.


BRITISHBULLS

[spud] 13/2/2020 11:50

I've my eye on an additional 1k @ 1900 (if it reaches that support level).

spud

[fjgooner] 13/2/2020 11:43

Just bought another tranche of RDSB - 1072 @ 19.48 - with some of my windfall from shorting the basket case Micro Focus last week.

Sure, the price of RDSB has been weak recently, but what a buying opportunity for those of us with plenty of cash set aside.

It's been all win-win so far this year.

Happy days.