Shell Share Discussion Threads

[wad collector] 27/10/2022 07:06

Good move politically to increase the buybacks rather than increase the dividend. Even more astute would probably have been to announce more reinvestment into renewables though....

[stoopid] 27/10/2022 06:58

Well, results look OK, will see in 5 mins how it is received.......

[adg] 27/10/2022 06:05

$4 billion buyback and 15% dividend rise
Debt went up almost $2b

[the white house] 26/10/2022 17:47

So with the Footsie down 300 & Brent down 8 bucks a price rise of over 200 in the time period is marvellous against the tideAnd a divvi increase received to boot Onwards and upwards Happy days

[the white house] 26/10/2022 17:43

....Sharp insight into the needs of shareholders...Intriguing comment after hours about what looks a decent new chappieOnto the wonderful buyback summary that you have all been waiting for So 3 months at start day of latest tranche we had Shell @ 2080Footsie @ 7350Brent @ 104Close out today (although in practice cob last Friday)Shell @ 2296Footsie 7050Brent @ 96

[veryniceperson] 26/10/2022 16:08

You should be OK tomorrow guys. More share buy backs. BP holder myself we report Tuesday. Good luck.

[spud] 26/10/2022 15:59

Don't be stoopid Stoopid! This is Shell (the perennial disappointer) were talking about here!

spud

[geckotheglorious] 26/10/2022 15:59

Here's hoping.
Wouldn't be surprised if Shell disappoints yet again!

[stoopid] 26/10/2022 15:48

30pt rise into close, good results expected tomorrow??

[aleman] 24/10/2022 15:52

EU gas for 1-hour delivery turns NEGATIVE. I take it reserves are basically full now so they can squeeze no more in and warm weather means demand is low.

[lippy4] 24/10/2022 15:17

what about us the down trodden share holder..

will we be cheering the ceo or cursing on the 27th??..

[grupo] 24/10/2022 15:08

Jamie Ashcroft

15:42 Mon 24 Oct 2022

Shell and BP tipped to pour more excess cash into share buy-backs

Shell reports on Thursday, whilst BP's third-quarter results are due 1 November.


Shell PLC (LSE:SHEL, NYSE:SHEL) will later this week spend up more of its excess cash to buy back more of its own equity, that’s according to analysts at Jefferies.

In order for Shell to meet its shareholder returns target, to pay out over 30% of cash flow from operations, it will need to increase its share buy-back programme by US$1-2bn, at the same time the US investment bank’s analysts reckon dividends could increase.

The dividend per share could go up more than 20% in the fourth quarter, according to Jefferies, though the bank thinks that could be brought forward to the third.

Without a bump in dividends Shell’s third-quarter results could turn out to be a disappointment, it added, worse than the “already weak trading update”.

“Earnings estimate (US$8.2bn) is 8% below consensus and we believe the gas trading issues in Q3 could extend to 4Q if the JKM-TTF differential widens again,” Jefferies said.

Shell will report on Thursday.

Elsewhere, Jefferies looked to BP PLC (LSE:BP.) - which reports next week, on November 1 - which it says it expected to increase its buy-back by US$400-700mln due to its surplus cash generation.

BP could, however, opt to maintain repurchases at its previously envisaged level following its acquisition of Archaea (announced last week).


Proactive

[spud] 24/10/2022 10:27

SHEL being the perennial disapointer, I'd say the second option is most likely.

spud

[adg] 24/10/2022 09:39

Harsh share price dip this AM ?
Market not like the Quatar deal?
Or in anticipation of bad update tomorrow?

[grupo] 24/10/2022 06:51

TOP NEWS: Shell takes 9% stake in QatarEnergy gas field expansion

Mon, 24th Oct 2022 07:10
Alliance News

(Alliance News) - Shell PLC and QatarEnergy on Sunday announced that Shell will take a 9.375% in a huge gas field extension offshore Qatar for an undisclosed sum.

The North Field South expansion project is expected to have capacity for 16 million tonnes per year of liquefied natural gas.

The overall North Field expansion project, which also includes North Field East, is "the industry's largest ever LNG project", QatarEnergy said. Starting production in 2026, it will add more than 48 million tonnes per annum to world LNG supplies by 2027.

The project has taken on particular significance in recent months, after Russia's invasion of Ukraine restricted gas supply to Europe. QatarEnergy estimates that the North Field, which extends under the Gulf into Iranian territory, holds about 10% of the world's known gas reserves.

Back in July, Shell joined the USD29 billion North Field project, taking a 6.3% stake - also for an undisclosed sum - in North Field East. The four other international partners in North Field East are TotalEnergies SE, Eni Spa, ConocoPhillips and ExxonMobil Corp.

In North Field South, which comprises two LNG mega trains, Shell will be joined by at least two other international partners. TotalEnergies last month said it had been selected for a 9.375% participating interest as well. QatarEnergy, which will retain 75% of the project, said a third international partner will be announced "in due course", with a 6.25% stake remaining.

The agreement with Shell was signed in Doha on Sunday with Shell Chief Executive Officer Ben van Beurden and Saad Sherida Al-Kaabi, Qatar's minister of state for Energy Affairs and CEO of QatarEnergy.

"The new LNG volumes, which Qatar will bring to the market, come at a time when natural gas assumes greater importance in light of recent geopolitical turmoil, and amidst the dire need for cleaner energy to meet global environmental objectives," Al-Kaabi said.

By Tom Waite; [e-mail]

[craftyale] 23/10/2022 23:32

Don't worry, continuous economic breakeven in any fusion reactor will not occur for at least another fifty years.

[lippy4] 23/10/2022 20:00

i expect when we discover this form of cheap energy we will give it to the world without making a penny..

[spud] 23/10/2022 19:13

Xxxxxy - Re German scientists. - Best copy & paste of 2022 imo. Keep it up!

spud

[maywillow] 23/10/2022 18:49

energy intelligence



Qatar Adds Shell to North Field South

Published:
Sun, Oct 23, 2022
Author
Yousra Samaha, Dubai
Editor
Michael Sultan

Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday.

The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of a total 25% interest available for international partners. QatarEnergy will hold the remaining 75%.

TotalEnergies was also awarded a 9.375% stake in NFS last month.

QatarEnergy is also in the process of awarding engineering, procurement and construction (EPC) contracts for the mega expansion. Last week, Italy’s Saipem said it was awarded a $4.45 billion EPC contract for North Field.

NFS is known to have slightly higher production costs than Phase 1, "but it is still a world-class asset," Saad al-Kaabi, Qatar's Minister of State for Energy Affairs, and President and CEO of Qatar Energy told Energy Intelligence in an exclusive interview last month.

The Phase 2 expansion will raise Qatar's total LNG production capacity to 126 million tons by 2027.

Signing On

At the signing ceremony in Doha, Shell CEO Ben van Beurden underlined the key role of LNG in ensuring energy system reliability and its support for energy security and the energy transition, “two of the most fundamental challenges the world faces today.”

"The new LNG volumes, which Qatar will bring to the market, come at a time when natural gas assumes greater importance in light of recent geopolitical turmoil, and amidst the dire need for cleaner energy to meet global environmental objectives," al-Kaabi said at the ceremony.

Shell has the largest LNG portfolio of the Western majors and has focused on having a diverse set of flexible volumes for trading and optimization. QatarEnergy is already the largest single LNG producer in the world and al-Kaabi has indicated the company is making a major push into trading in addition to its array of long-term fixed supply contracts.

No Surprises

Shell and Total had also been selected for Phase 1 of the expansion – the 32 million ton/yr North Field East (NFE) project – earlier this year.

Partner selection for NFS is expected to be based on the pool of Phase 1 winners, al-Kaabi has said. They also include Exxon Mobil, ConocoPhillips and Eni.

Earlier this month, al-Kaabi told the Energy Intelligence Forum that QatarEnergy was close to selecting the remaining partners for Phase 2.

"We are done with almost everything. We are just defining the date of when my counterparts can come to Qatar to celebrate," he said.

In its statement, Qatar Energy said that "a third partnership will be announced in due course."

[xxxxxy] 23/10/2022 17:57

Britain is locked in a two-horse race with the US to crack nuclear fusion first and generate vast amounts of cheap clean power, an executive at a Japanese challenger business has said.The UK's science expertise and relatively supportive regulations mean that it is far ahead of most other countries in the fusion competition according to Kyoshi Seko, vice president of Kyoto Fusioneering.The Japanese university start-up is now hoping that Britain will establish a legal framework and raise the finance for demonstrator reactors to come online in 2040.It has developed technology that could be used by other fusion pioneers for the second stage of a reactor, where heat must be extracted to generate power, after the first stage of creating the necessary fusion of particles.Mr Seko said: "The UK or US will be the first country to build fusion reactors.... Daily Telegraph

[grupo guitarlumber] 22/10/2022 18:20

Cardamom Project, Gulf of Mexico



The Cardamom project is a deep water oil and gas field located in the US Gulf of Mexico. The field is 100% owned by Shell.

The field was discovered in 2010 and Shell took the final investment decision to develop the asset in June 2011.

Cardamom began production in September 2014.

Production from the development is piped through Shell’s Auger platform, a tension leg platform (TLP) in the Gulf of Mexico.
Project Gallery

Cardamom is Auger’s seventh and largest subsea oil and gas development with a production design capacity of 50,000 barrels of oil equivalent per day (boe/d).
Location

The Cardamom field is located offshore in Garden Banks Block 427 in water more than 2,720ft (800m) deep. The site is around 225 miles (362km) southwest of New Orleans, Louisiana, and approximately 9,200ft east of the Auger TLP.

The reservoir is situated beneath the thick layers of salt in rock around 19,000ft (~6km) below the sea floor.


Discovery

Shell geologists used advanced deep-water seismic technology to identify Cardamom’s reservoir, which remained undetected from conventional seismic surveys.

The discovery was confirmed by drilling a deep well from Shell's Auger platform that extended more than 4-miles below the seabed and more than 3-miles out from the platform.

According to the American Association of Petroleum Geologists (AAPG), the application of multiple azimuth seismic data and anisotropic imaging helped in the discovery of a deep hydrocarbon reservoir at Cardamom.

The multiple seismic azimuth data for anisotropic velocity model building and pre-stack depth imaging minimised lateral and vertical well positioning uncertainty, while drilling activities were conducted using Logging While Drilling (LWD) measurements and Vertical Seismic Profile (VSP) data was acquired to enhance surface seismic calibration.

Cardamom's exploration plan was one of the first deep-water plans that were approved by the US Department of Interior following the withdrawal of a moratorium on offshore drilling in 2011.

The exploration wells for the project were drilled for more than 6.4km below the seabed.



Project details

Cardamom consists of five wells designed to produce 50,000 boe/d safely. The field was developed as a subsea tie-back to Auger. Direct vertical access wells were drilled from the Auger tension leg platform (TLP).

The completed sub-sea system also features a dual 8-inch or 20cm flowline, and eight well umbilicals.

According to Shell, Cardamom was the first Gulf of Mexico deep-water project to retrofit a producing tension leg platform. The use of existing infrastructure also helped Shell to increase oil and gas production with less investment.
Auger tension leg platform

Shell decided to develop Auger in December 1989 and announced plans to install a tension leg platform (TLP) on Block 426.

The TLP was installed in a water depth of 2,860ft. It measures 3,280ft from sea floor to the top of the flare tower, and weighs 39,000 tonnes.

The first production at Auger was achieved in 1994. Shell’s Auger production hub was upgraded several times since then to process additional production from new discoveries.

The modifications included upgrading an existing process train, addition of sub-sea receiving equipment, mitigation of weight to boost handling, cooling, and production capacity of liquids in the host facility.



Contractors

In 2012, Technip FMC was awarded a ‘lump sum’ contract to develop the sub-sea infrastructure for the Cardamom field.

The contract encompassed engineering, project management, fabrication, and installation of the East and West Loop 12.8km pipe-in-pipe flowlines along with associated pipeline end termination (PLETs) and steel catenary risers.

Under a contract awarded in 2010, FMC Technologies supplied subsea and topside systems for the project in the Gulf of Mexico.

[the white house] 20/10/2022 14:20

Week to the numbersBrent up over 2 sitting nicely in the 90'sChina easing rules Up 50pAnother lump of debt to be paid downAnother Divvi increase Another buyback trancheNice