Shell Share Discussion Threads

[xxxxxy] 01/1/2023 08:25

John Redwood@johnredwoodHigh windfall taxes and price controls make shortages worse by cutting investment and supply. The UK needs an energy policy that speeds up the production of more reliable UK energy, not one that stops it.7:41 am · 1 Jan 2023

[chiefbrody] 31/12/2022 13:02

6 months of monster gains and 6 months of flatlining in 2022. Settle for same again in 2023.

[adg] 31/12/2022 12:19

And for 2023 ?
I wouldn’t be surprised one bit at a similar performance

[jrphoenixw2] 31/12/2022 10:31

Shel +43% this year, plus the divs (3.53% on 4.92* Cover).

What a stormer!

[adg] 30/12/2022 11:11

There are several individuals on this bb alone who have a more intelligent, balanced, reasoned, comprehensive and open-minded workable take on how the UKs energy policy should and could work than all of our governments and their highly paid advisors have between them!
That is an absolute fact!

[xxxxxy] 29/12/2022 18:18

The energy crisis risks dooming the electric carWestern societies are charging into the electrification of transport without actually providing the electricityANDREW ORLOWSKI29 December 2022 • 11:00am... Daily Telegraph.... Worth a read.

[xxxxxy] 29/12/2022 08:02

John Redwood@johnredwoodUK net zero policy seems designed to import more and more products if CO 2 is produced by making them. This policy does not save the planet. It just means more CO 2 is made elsewhere. It does destroy well paid jobs in the UK, closes factories and loses us tax revenue.6:57 am · 29 Dec 2022

[xxxxxy] 29/12/2022 07:59

Wakey, wakey Shell.

[xxxxxy] 29/12/2022 07:58

OMMENTS 87MOST LIKEDAll CommentsSomeone is typingRARobert Adams12 HRS AGOMessage ActionsWindfall tax is starting to look not such a good idea. It could actually lead to more expense fuel in the future as Europe will have to buy it from sources in other parts of the world where the tax regimes are more corporate friendly.REPLY3 REPLIES 54FLAG11 older replySHOW OLDER REPLIESMAMark Adams8 HRS AGOReply to Robert AdamsMessage ActionsDuh.REPLY 2FLAGASArnold Savage9 MIN AGOReply to Robert AdamsMessage ActionsIt always looked like a bad idea.REPLY 0FLAGHTDSDidly Squat Left After Tax11 HRS AGOMessage ActionsGood. It's time that Shell and BP grew a pair and sued the UK Government also.... Daily Telegraph

[xxxxxy] 28/12/2022 19:30

ExxonMobil is suing the EU to try and overturn its new windfall tax on oil and gas companies, accusing Brussels of overstepping its legal powers with the "counter-productive" policy.The US oil giant has filed a lawsuit at the European General Court seeking to block the new levy, which is expected to raise €25bn (£22bn). ExxonMobil has said the EU measure and other windfall taxes imposed by European governments could cost it $2bn by the end of 2023.The New York-listed company warned the policy could deter it from making "multi-billion Euro" investments in Europe's energy supply, just as the continent tries to diversify from Russian supplies.  The move marks the most significant challenge yet to windfall taxes imposed in Europe and the UK, which have been levied to help pay for state support to keep soaring bills down.Politicians have argued that oil and gas producers have made outsized and unwarranted profits from soaring oil and gas prices worsened by Russia's invasion of Ukraine.  A spokesman for ExxonMobil, the world's largest private oil company, said: "We recognize that the energy crisis in Europe is weighing heavily on families and businesses, and we've been working to increase energy supplies to Europe.... Daily Telegraph

[the grumpy old men] 22/12/2022 19:10

Business
22nd December 2022

Shell invests in used lubricants firm and buys Europe’s biggest biogas producer

Article by Kerry Hebden
Shell has acquired a 49% interest in Blue Tide Environmental, a company specialising in re-refining used motor oil, as well as buying Nature Energy Biogas, Europe's largest producer of renewable natural gas (RNG)

SHELL has acquired a 49% interest in Blue Tide Environmental, a company specialising in the production of high-lubricity, low-sulphur marine fuel derived from recycled used motor oil. Owned by Tailwater Capital, Blue Tide said it is working towards producing 5,000 barrels per day at its plant in Baytown, Texas when the facility becomes fully operational in 2024. 

It is estimated that the US generates more than 6bn l/y of waste motor oil — some of that is illegally dumped, and some ends up burned as an industrial fuel source. But oil never wears out, it just gets dirty and by re-refining used oil (making it clean again) in a cyclical fashion, pollution in soil and water and the harmful emissions that are released when burned, can be avoided time and time again. 

“We share Shell’s optimism and vision for Blue Tide as the recycled lubricants space evolves and demand for Group II+ base oils continues to grow,” said Edward Herring, Managing Partner at Tailwater. “We look forward to continuing to support the entire Blue Tide team as they bring the state-of-the-art facility online and grow the business while promoting the circular economy.” ;

Shell buys RNG leader 

News of the acquisition has come just days after the energy giant also revealed it has reached an agreement to buy Nature Energy Biogas, the largest producer of renewable natural gas (RNG) in Europe, as the company pushes to be a net-zero emissions energy business by 2050.  

The biogas deal, worth nearly US$2bn, is expected to close in the first quarter of next year subject to regulatory approvals. Shell said the deal would support the company’s ambition to profitably grow its low carbon fuels production. 

RNG, also known as biomethane, is chemically identical to conventional natural gas and is produced from biochemical processes, such as anaerobic digestion, and gasification. With minor processing, biogas can be used as a replacement for traditional natural gas to generate combined electricity and heating for power plants. 

Nature Energy currently has 14 plants in operation which has boosted its biomethane production to approximately 180m m3/y. A further 30 plants across Europe and North America are also planned with many already in the medium to late development stage. 

Shell’s announcement follows a string of similar acquisitions from other energy giants looking to push investments into renewable fuels. Earlier this year Chevron bought the outstanding shares of the Iowa-based biodiesel production company Renewable Energy Group (REG) for US$3.15bn in cash, and in October, BP agreed to buy biogas producer Archaea Energy. BP said the acquisition, of Houston-based Archaea, which cost the firm $4.1 billion, is its biggest deal since it took over BHP Shale Assets for US$10.5bn in 2018. 

“Acquiring Nature Energy will add a European production platform and growth pipeline to Shell’s existing RNG projects in the United States,” said Huibert Vigeveno, Shell’s Downstream Director. “We will use this acquisition to build an integrated RNG value chain at global scale, at a time when energy transition policies and customer preferences are signalling strong growth in demand in the years ahead.” 

Article by Kerry Hebden

Staff Reporter, The Chemical Engineer

[the white house] 22/12/2022 15:52

Is Gas 4x now than 2011?3 months output in 12 = expectations met then?More = bonus

[quepassa] 22/12/2022 14:22

yawn yawn yawn.

if you wish to think it's "cursed" - be my guest. I really don't care.

[spud] 22/12/2022 14:11

Since its inception, do you know how many times it's been shut down (and for how long) due to problems???

Go on, have a guess (or like myself, keep yourself informed).

As I said previously, I was in no way criticising Shell, but more the white elephant that is Prelude, commissioned 2011.

The project had suffered a near-year-long shutdown following an electrical trip in February 2020, resuming output in January 2021.

However, the floating facility was then shut down again in December 2021 after a sudden loss of power, and subsequent failed attempts to re-establish reliable power aboard.

After a four-month shutdown, Shell then in April 2022 resumed shipping of LNG from the Prelude FLNG. Shipments were then disrupted again after workers aboard the FLNG unit launched a strike over a pay fight.

Shell and the unions then reached a pay deal in August, ending the 76-day strike and resuming production. However, production from the facility, which has the capacity to produce 3.6 million tonnes of LNG per year, is now shut down again.

spud

[quepassa] 22/12/2022 12:35

i did read it.

but i hardly think that a problem at one of shell's units (of which there are hundreds) translates into the company being cursed.

with a global operator of the size of Shell, the occasional problem is unfortunately going to occur, despite Shell having a safety record second-to-none in the sector.

i do not think it is right to say that the company is cursed

indeed i stand by my view that shareholders should count their blessings to hold equity in such a fine company where the share price has increased by 50% this year - despite being obliged to contribute enormously to the national coffers

[spud] 22/12/2022 12:14

If you'd bothered to read the post in its entirety, you would know that it was a reference to the floating LNG facility and not the Company.

spud

[quepassa] 22/12/2022 12:12

Cursed?

With a share price up by a massive 50% over a year - plus great dividends - perhaps Shell shareholders should count their blessings against such a very tough economic and disastrous geo-political environment.

[xxxxxy] 22/12/2022 10:41

Indeed. Common sense please come back.

[lippy4] 22/12/2022 09:42

would have been better to pipe it to shore than try this very expensive floating facility which as you say seems to be full of problems..

[spud] 22/12/2022 09:39

Definitely cursed.Shell Halts Production at Floating LNG Plant in Australia After Fire, Bloomberg ReportsSource: Dow Jones News--Shell PLC has suspended production at floating liquefied natural gas plant in Australia after a fire broke out, Bloomberg reports.--Shell hasn't specified when production at the facility will restart, Bloomberg says.spud

[xxxxxy] 22/12/2022 08:54

ESG is WASTE

[quepassa] 22/12/2022 07:39

Storm Elliott