Shell Share Discussion Threads

[f56] 12/7/2022 16:52

A*se for brains. HahaHa!

[f56] 12/7/2022 16:50

At the most the least we can expect of Biden is to travel over to the Middle East and trade in his irresistible a*se for oil.

[f56] 12/7/2022 15:35

I’ve always held the view that any person voted into power should have a high IQ. It’s highly unlikely that any extremist has an IQ. If the west wanted to resolve their political problems they should be looking at leaders with a high IQ. Potential candidates for that would be people with a high IQ like Bill gates, Jeff Bezos, Elon Musk or similar people with an IQ of greater than 160.

[xxxxxy] 12/7/2022 15:27

The British Parliament is Stark Raving Bonkers.There is only about 800 extremists in UK.Did anyone vote for the MSM.

[xxxxxy] 12/7/2022 15:24

Robin Davies1 HR AGOAll so reliant on Russian Gas and we are sitting on enough shale gas to supply the whole of Europe for many years, solve our balance of payment problems and yet a bunch of net zero fanatics are blocking it and instead we import costly LNG from half way round the world. . We have the huge Rough natural gas storage but it has not been reopened to protect our winter spply. Our government has truly gone stark raving mad.... Daily Telegraph

[f56] 12/7/2022 13:42

Tuftymatt - I can see exactly where you are coming from. I can see another leg up with oil myself.

[xxxxxy] 12/7/2022 11:26

Thinking 30.

[tuftymatt] 12/7/2022 08:55

I have this on my watchlist and am waiting for sub 1975.

I don't see too much more downside in terms of share price but think a 19 handle is on. Got this approach wrong recently with SSE when waiting for sub £16 so what do I know!!

[f56] 11/7/2022 17:50

Looks like Biden’s sh*t on my own people’s policy isn’t working!

[adg] 11/7/2022 16:11

That project is so hi tech its off the charts - my friend/colleague was lead engineer on the pilot probably best part of 10 yrs ago. Back then it was at the limits of engineering feasibility - amazing technological achievement to get such a complex (and somewhat delicate) piece of kit to work subsea !

[f56] 11/7/2022 16:09

Canada delivers Nordstream1 turbine to Germany instead of Russia thereby evading sanctions. Interesting move.

[waldron] 11/7/2022 14:26

OFFSHORE ENERGY


Shell’s subsea compression project off Norway to assist in keeping up gas supply to Europe


July 11, 2022, by Melisa Cavcic

UK-headquartered energy giant Shell has received approval from the Norwegian authorities for a development plan related to its gas subsea compression project in the Norwegian Sea, which is expected to lead to increased gas extraction from this field.

Back in September 2021, Shell submitted its plan for development and operation (PDO) for the Ormen Lange wet gas subsea compression project to the Ministry of Petroleum and Energy. As reported at the time, the project is expected to unlock an additional 30-50 billion cubic meters of natural gas, leading to an increase in Ormen Lange’s overall gas recovery rate.

In an update on Friday, the Norwegian Ministry of Petroleum and Energy informed that it has approved the plan for the further development of the Ormen Lange field.

Terje Aasland, Norway’s Minister of Petroleum and Energy, remarked: “This project will increase recovery from the Ormen Lange field from 75 to 85 per cent, at the same time as gas production from the field is accelerated. This project helps to maintain the gas supply from Norway to our friends in Europe from the middle of this decade.”

Moreover, the goal of the project is to increase gas extraction from Ormen Lange by up to 40 billion standard cubic meters (Sm3) of gas and the expected start-up of the project is anticipated in 2025. The project entails the installation of a wet gas compressor system on the seabed at a 900-metre depth close to the wellheads, increasing gas flow from the reservoir into the wells.

The investments in this project amount to approximately NOK 11.7 billion (around $1.2 billion), and the project is expected to contribute to the development of key expertise and new technology within seabed compression and transmission of power over long distances underwater, with Norwegian supplier companies at the forefront, says the Norwegian Ministry of Petroleum and Energy.

“This project is another proof of how far you get with high competence and innovation. The innovative seabed compression that will now be used is a first-class technology project that there is reason to be proud of,” concluded Aasland.

The subsea systems for Shell’s Ormen Lange project will be manufactured and installed by OneSubsea and Hitachi Energy has started testing what is said to be the world’s most powerful 24-MVA subsea transformer, which will be supplied to OneSubsea to power the compression system for this field.


Located 120 kilometres (75 miles) off the coast of Norway, the deep-water Ormen Lange field produces gas, which meets around 20 per cent of the UK’s gas needs. It was discovered in 1997 while the original plan for development and operation was approved in 2004. The field was put into production in 2007.

The Ormen Lange field operates without a platform and includes 19 wells divided between four templates on the seafloor while two 30-inch pipelines transport the gas to the Nyhamna terminal for processing, where it is separated into natural gas and condensate for export prior to being exported via Sleipner to Easington.

Shell is the operator of the project with 17.81 per cent interest while its partners are Petoro (36.48 per cent), Equinor (25.34 per cent), PGNiG Upstream Norway (14.02 per cent) and Vår Energi (6.33 per cent).

[supermarky] 11/7/2022 13:44

looking qt the 1 year chart we have a solid head and shoulders pattern in play. From a ta perspective this would suggest further downside to me. Any thoughts from ta specialists?

[lippy4] 11/7/2022 11:41

those aussie unions are a pain in the butt..

[montyhedge] 11/7/2022 10:17

I bet the Russians delay opening, gas and thermal coal prices I reckon will hit new highs.

[the white house] 11/7/2022 08:37

No buybacks as they are drafting up for July 28 shout out to help loyal shareholders pay for their own fuel with a one off 50p special divvi**Big Ben may not be aware of this plan yet if someone could pass on

[xxxxxy] 11/7/2022 06:41

Hydrogen source for engines... Bryan Reed13 HRS AGOOnly progressives could come up with an energy solution that uses significantly more energy than it can then generate itself - mind you, they also consider the windmill to be a technological advance as long as they are made a lot taller and painted white. Oh for a world without the 'advancement' bought to us by liberal lefties.. Daily Telegraph

[xxxxxy] 10/7/2022 16:09

Martin Walter Ender9 MIN AGOMessage Actions57kWh of electricity to make a kg of hydrogen. 1 kg of hydrogen creates about 7kW of mechanical power. Kicking a dead whale down the beach..... with taxpayers money. The future leadership of Great Britain should clearly rethink about the "Net-Zero Religion"....... Daily Telegraph

[adg] 10/7/2022 13:15

From the 9 PM runners anybody any idea how they would rank in order wrt sensible having rational opinions for energy policy ie our best ally
On the flip side who would be the most WOKE / PC / Greenie Eco-warrior /LGBTXYZQ+\~ nonce brigade..? ie our biggest foe?