Shell Share Discussion Threads

[xxxxxy] 06/7/2022 06:53

Europe's net zero push is making it difficult to wean the continent off Russian fuel, a Nigerian government minister has warned.Lai Mohammed, culture and information minister, said Brussels' push towards green energy risks harming efforts to bolster energy security.European countries and the UK have over the latest year announced several steps aimed at cutting off funding to fossil fuel projects abroad, to try and cut carbon emissions.Moves to withhold financing for international fossil fuel projects are "counterproductive" because they deter investment in fossil fuels, Mr Mohammed said."Gas will still be needed for the foreseeable future and it would be better for Africa to supply that," Mr Mohammed said.  "These policies will only deter investment in and planning in the industry, but it would not stop the use of fossil fuels."The invasion of Ukraine has prompted a scramble among European countries to cut their dependence on Russian gas supplies and import from other sources.... Daily Telegraph

[xxxxxy] 06/7/2022 06:35

Debate on energy securityJULY 6, 2022 23 COMMENTSI spoke yesterday in a Westminster Hall debate about the UK's energy security. The Minister Greg Hands confirmed that the UK is pressing ahead with new oil and gas investments as part of an effort to reduce European dependence on Russian hydrocarbons. He told us the UK is supplying gas to the continent this summer from its LNG import facilities, to help fill their storage facilities ahead of the winter. The UK of course has  very little storage of its own. It had low storage because it used to be able to produce 100% of the gas we needed so the storage was the original gas fields themselves.The Opposition parties continued to live in a make believe world where a bit more investment in windfarms would solve the problems of our energy supply. They revealed two mistakes in their thinking. They firstly failed to realise that electricity supplies a minority of our total energy needs, as we depend substantially on gas delivered direct to homes and factories for heat and power, and on petrol and diesel for much of our transport. If you wish to depend on renewables you first have to convert all vehicles to electricity and take all homes and factories off gas. They secondly would not accept that our present solar and wind power is intermittent, meaning we need to have back up generation capacity for when the wind does  not blow and the sun does not shine. We are often generating a majority of our electricity from gas, wood pellets, and  coal.I reminded them that to make more wind and solar work we will need ways of storing the electrical power generated when intermittent sources do work to use on days when they do not. That may be large batteries. It might be conversion of the renewable electricity to green hydrogen for use in our boilers and  vehicles. There might also be breakthroughs to allow gas or coal to be burned in power stations with carbon capture and storage systems to achieve CO2 goals..... John Redwood

[adg] 05/7/2022 21:24

No but I have worked long long hard days and nights for months on end without a break in some really scary nasty miserable hostile frightening unwelcoming cold freezing windy wet remote desolate unfriendly threatening places over the years to put the fuel in your car and gas in your pipes and man oh man - I have worked in some hellholes of places outside of Scotland too 🤣

[bigdazzlerreturns2] 05/7/2022 20:08

And it would have taken you less time to check the price of oil then ask the question?

There is investors and there is gamblers.

[spud] 05/7/2022 17:48

Just tracking the price of crude as it always does. spud

[supermarky] 05/7/2022 16:58

Apparently this aim share is now worth 8.5 % less today than yesterday. Says it all.

[bigdazzlerreturns2] 05/7/2022 16:46

Lol some on here what’s happened etc???

You do actually invest right?

Clue have a look at the price of oil and it’s falls today. Now I wonder why the blue chip oilers have gone down so much, doesn’t take a rocket scientist to work it out now,does it?

[boxerdogz] 05/7/2022 16:40

Wind Fall tax incoming . On your dividends

[taurusthebear] 05/7/2022 16:27

If it's seriously underpriced now, what was it at £8?

P.S. Has anyone told Jonny Bairstow he's not playing 20/20? :-)

[spud] 05/7/2022 16:24

Yes it's going the same way as modern Test Cricket. spud

[geckotheglorious] 05/7/2022 16:22

Erm, what did I miss?
Shell off 8%?
It's a blue chip - it isnt meant to move 8% in a day!

[lukehold] 05/7/2022 16:19

Waiting for 600p

[emptyend] 05/7/2022 16:10

This scenario is being seriously underpriced.I think the boys who make markets have no idea at all on this....

[lippy4] 05/7/2022 15:47

dont need to go to the fun fair as i am getting very dizzy watching the antics of this share..

[waldron] 05/7/2022 15:22

Shell to Join World's Largest LNG Project in Qatar -- Update
07/05/2022 | 01:30pm BST


By Jaime Llinares Taboada

Shell PLC said Tuesday that it has been chosen by QatarEnergy to participate in the $29 billion North Field East liquefied natural gas expansion project in Qatar.

The U.K. energy company said it will hold a 25% stake in a joint-venture company that will own 25% of North Field East. QatarEnergy will own the remaining 75% of the project to build four LNG trains with a combined liquefaction capacity of 32 million metric tons a year.

Last month, Exxon Mobil Corp., TotalEnergies SE and ENI SpA were also chosen to join the project.

This is the largest project in the history of the LNG industry and will support the delivery of much-needed gas supplies to market around the world, Shell said.

North Field East will expand Qatar's annual LNG capacity to 110 million tons by 2026 from the current 77 million tons, placing the country as the largest LNG producer in the world. The project will require an investment of $28.75 billion, according to ENI.

"Through its pioneering integration with carbon capture and storage, this landmark project will help provide LNG the world urgently needs with a lower carbon footprint," Shell's Chief Executive Ben van Beurden said.

LNG, which is transported by ship, is viewed as the main option for Europe to replace pipeline gas imports from Russia. Qatar traditionally exports most of its LNG to other countries in Asia, but European buyers willing to pay a premium could result in higher seaborne deliveries to Europe.

Shares in Shell at 1205 GMT were down 2.3% at 2,153.0 pence.

Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT

(END) Dow Jones Newswires

07-05-22 0829ET

[shellsell] 05/7/2022 14:05

The problem is that this is a hell of set of assumptions to base an investment strategy on. Period of calm is needed, just don't see it coming

[taurusthebear] 05/7/2022 13:53

Wait till Putun cuts off energy supplies to Europe in the autumn.