Shell Share Discussion Threads

[adrian j boris] 29/8/2023 15:13

Summary

Ulez - the Ultra Low Emission Zone scheme - has expanded to cover almost all of Greater London

The scheme, aimed at improving air quality, charges people a daily £12.50 fee for driving vehicles that don't meet certain emissions standards

The expansion is divisive - Prime Minister Rishi Sunak says it's not the right time as families struggle with the cost of living

But Labour Mayor Sadiq Khan says it's "vital" to bring cleaner air and improve the health of Londoners

Earlier in the summer, Labour leader Sir Keir Starmer blamed the scheme for losing a by-election in Uxbridge

Ulez was developed by Boris Johnson when he was mayor, but was implemented by Khan - it initially covered central London and was expanded significantly in 2021

[adg] 29/8/2023 15:07

Interesting it’s not being reported on BBC news

[xxxxxy] 29/8/2023 15:01

Nigel Farage@Nigel_FarageHuge anti-ULEZ protest happening outside of Downing Street right now. I've never seen people so angry about this new tax on working people. Are you listening @SadiqKhan?

[loganair] 29/8/2023 08:19

It seems to me reasonable to say that in the next 10 years green energy will fail, will not be able to produce the energy required to keep up with demand which will lead to far higher oil prices = higher share price for the oil companies = higher dividends.

As a long term investor, I can now see why Warren Buffet likes big oil so much.

[xxxxxy] 29/8/2023 07:32

William Butler2dSo we are told 79 People have been arrested for lighting mass fires in GreeceStrangely we are not toldIf they are members of any Green or Environment Party or working for Land DevelopersLikewise we are now told two men have been arrested for the Crooked House fire I'm not interested in who did the Crooked house, the Greece, Canada or Hawaii wildfiresI want to know if anyone paid them and who ?22ShareReplyGlyn HWilliam Butler2dAnd presumably environmentalists stopped the use of fire breaks, used for centuries by sensible humans to prevent the spread of fires however started.... Order order

[loganair] 29/8/2023 07:20

I struggle to see how the Green energy revolution is going to come about considering most new Copper and Tin mines that are going to come on line in the next 10 years are Low grade mines.

The lower the grade the more environmentally unfriendly and the more energy is needed to get these metals out of the ground.

The low hanging fruit of Copper and Tin has already been dug out or is being dug out which means the price of these metals will need to substantially rise otherwise it will not be worth while for any miner to open new mines - all this bodes well for the Oil and Gas producers.

[ariane] 29/8/2023 03:41

Shell begins production at Timi sweet gas field development in Malaysia



By NS Energy Staff Writer 28 Aug 2023

Located nearly 252km north-west of Bintulu, Sarawak and 202km north-west from Miri, Sarawak, the Timi sweet gas field is being developed as part of the production sharing contract (PSC) for Block SK-318


Sarawak Shell Berhad (SSB), a subsidiary of Shell, has achieved the first gas production at its Timi sweet gas field development off the coast of Sarawak, Malaysia.

Located nearly 252km north-west of Bintulu, Sarawak and 202km north-west from Miri, Sarawak, the Timi sweet gas field is being developed as part of the production sharing contract (PSC) for Block SK-318.

Under the SK318 PSC, SSB is the operator of the project with a 75% stake. Other partners in the project are Petronas and Brunei Energy Exploration with 15% and 10% stakes, respectively.

The Timi platform is designed to produce up to 50,000 barrels of oil equivalent per day of gas at peak production.

It will transport its gas through a new 80km pipeline to the F23 production hub.

Discovered in 2018, the sweet gas field development is expected to support future growth in the central Luconia area, off the coast of Sarawak.

According to Shell, the Timi sweet gas field development features the company’s first wellhead platform in Malaysia that is run by a solar and wind hybrid power system.

The unmanned platform will be 60% lighter in weight than a conventional tender-assisted drilling wellhead platform that relies on oil and gas for power.

Shell integrated gas and upstream director Zoe Yujnovich said: “Timi demonstrates we are delivering more value with less emissions. Bringing the project online is also an example of our focus on performance, discipline, and simplification.

”It shows our ability to innovate and deliver safe, reliable, and sustainable projects that support a balanced energy transition for Malaysia.”

Shell took the final investment decision (FID) on the Timi gas development project in 2021.

[loganair] 28/8/2023 20:09

All the expected Green energy to come on line until 2050 is barely going to meet the increase in demand for energy, therefore until 2050 the world will require over 100 million barrels of oil per day and is highly likely not to change even by the turn of the century in 2100.

When a migrant from say Afghanistan or any of the other poor countries arrives and becomes up and running in the West their energy consumption rises between 50 and 70x's higher than it was previously.

[adg] 28/8/2023 14:55

ADRs doing well stateside so perhaps a good day tomorrow 👍

[xxxxxy] 24/8/2023 06:46

 North Sea's biggest operator has swung from a near $1bn profit to an $8m (£6.3m) loss after the Government imposed its windfall tax and bosses cutback on investment.Harbour Energy, which supplies about 15pc of the UK's domestic oil and gas, said its half year results had also been hit by $16m of charges related to a review of its business triggered by the excess tax.... Daily Telegraph

[xxxxxy] 23/8/2023 15:32

A North Sea developer has warned it is being forced to cancel projects and reduce production because of the "severe impact" of the Government's windfall tax.Ithaca Energy, which is behind the controversial Cambo oil field, has told investors it is writing $74m (£58m) off the value of assets as a "direct impact" of the Energy Profits Levy.Production is expected to fall next year by at least 6pc as a result of the lower investment, it said.It came as the company said the return of lower gas prices had squeezed profits.Gilad Myerson, Ithaca's executive chairman, said: "The Energy Profits Levy continues to have a direct impact on investment in the UK North Sea and Ithaca Energy's own investment programme across its diverse high-quality operated and non-operated asset base.... Daily Telegraph

[xxxxxy] 22/8/2023 21:03

Some questions on carbon accountingAUGUST 22, 2023 124 COMMENTSIn order to close the gap with net zero ambitions governments and companies pursuing this agenda need to revise the way they account for it. Here are some questions they need to answer.1. As China, Russia, India produce more than 40% of the world's CO 2 output and their output is still growing, how do we get to the 2030 and 2035 targets? What actions are being taken to get the largest and fastest growing outputs by these countries  to be reined in?2.Why does the system assume electric vehicles are a win for less CO 2? Will the figures include the fact that many EVs are being recharged with electricity that may come from more fossil fuel than renewable generation? What allowance is made for all the CO 2 produced in mining  and smelting the raw materials for an EV and its battery? And for total assembly and delivery? How many miles does an EV have to travel before it generates less CO 2 than carrying on with an older ICE vehicle,assuming it can get 100% renewable electricity or putting in accurate figures for the CO 2 content of the electricity likely to be used.3. Why does the accounting system credit a country with lower CO2 because it has closed down fossil fuel based activities, only to import the products needed? This will usually raise world CO 2 by the amount of extra transport involved.4. When attributing success to more renewables shouldn't you need to also factor in the extra  costs and extra CO 2 from the standby fossil fuel generation needed to prevent black out when the wind drops?5. What will be the CO 2 impact of needing to put in so much more grid capacity and cable to allow a major switch from gas to electricity?6. When calculating the CO 2 impact of rail travel it is important to include connecting travel by road vehicle and do a whole journey calculation. It is also important to use a realistic mix of electric and diesel trains and allow for times in stations with engines running.... John Redwood

[xxxxxy] 22/8/2023 07:33

Net Zero is BAD.ESG and government got it wrong, as they listened to the loudest rather than the brightest. They didn't look at the whole science, only the science they wanted to see. Then they mixed it up with the standards of Belief.Net Zero is so bad, it is a scam that governments are too embarrassed to admit they got it wrong and were duped. So The People must suffer and bail out losses caused by government and ESG. But, we the people know now and have witnessed how really bad politicians are. Most politicians are scum and not worth spitting on.

[xxxxxy] 22/8/2023 07:33

Millions of households across the UK are so worried about the state of their energy bills ahead of the energy price cap lifting that they would avoid turning the heating on in the cold, according to new research by consumer group Which?.The survey of 4,000 people found high energy bills have put financial, physical and emotional strains on consumers - with nearly nine in 10 (85%) households trying to cut back on their energy usage.... Yahoo Finance

[xxxxxy] 20/8/2023 19:22

Electric cars are made of pollution and human miseryEven the EU has backed away from these resource-hungry, unreliable beastsKATHRYN PORTER20 August 2023 • 6:02am??On the road to net zero carbon emissions, we're being told to swap our old, polluting cars, with shiny new electric equivalents. Electric cars (or "EVs") good; petrol and diesel cars bad, although some have recently taken to blaming heavier electric cars for the widening pot-holes on UK roads. (For the hard of thinking, trucks and buses are heavier yet and degrade roads much more.)In general, electric cars are hailed as a key driver of net zero. But the halo starts to tarnish when you understand that electric cars are far from clean, or even ethical. How happy are you for parts of your car to come from the labour of eleven year-olds in the very unclean environs of Congolese cobalt mines? Or that disputes are erupting in South America over access to water which is needed in large quantities for production of the lithium used in batteries, but also for agriculture and human consumption?... Daily Telegraph

[xxxxxy] 20/8/2023 11:19

Simon EmeryPeople talk of net zero being enshrined in law, as if that is immutable. Comparably insane laws on witchcraft were finally repealed just a few years ago, I believe, so it can be done.... Daily Telegraph

[xxxxxy] 20/8/2023 11:18

John Redwood@johnredwoodHigh UK carbon taxes and energy prices are forcing UK industrial closures, more imports and more world CO 2. Not a good result.7:55 am · 20 Aug 2023

[husted] 20/8/2023 06:21

'Largest in Europe' | Shell's Sonnen eyes 1GWh 'virtual' storage to stabilise power grid
16 August 2023

A 'virtual' storage system by German solar storage pioneer Sonnen has reached the milestone of 250MWh – which it said is the largest in Europe – and the Shell unit said plans to breach the 1GWh barrier in coming years.

The virtual system dubbed ‘SonnenVPPR17; consists of 25,000 Sonnen batteries in private homes that are linked in order to provide a decentralised buffer to smooth out supply and demand of renewable energy.

It currently is providing capacity to compensate for frequency fluctuations (primary control power) in the transmission grid or to participate in electricity trading on the power exchange. The network of batteries can shift the time at which solar power is fed in to make it compatible with the grid, Sonnen said. The midday peak, for example, can be stored by PV systems instead of putting a strain on the electricity grid.

“Our power plant is already in people's households and doesn't need any additional space. The storage resource can only be fully utilised when it is intelligently networked.

Shell in 2019 had taken over Sonnen, which is a major producer of solar storage systems in Europe’s largest solar market, Germany. The company is also operating virtual solar storage plants in Italy, the US and Australia.

[xxxxxy] 17/8/2023 13:24

Greta Thunberg will not like this report, but it's factualCO2 emissions, Net Zero, and the rest of the world – how does the UK compare??Montage © Facts4EU.Org 2023The second report in our two-parter on CO2 emissions will surprise readersA Brexit Facts4EU two-parter on the UK versus the EU & the world on CO2 emissionsPart One : The EU pollutes far more than the UKPart Two : Net Zero and the rest of the world – how does the UK compare? (This report)In Part One we compared the UK's performance on CO2 emissions with that of the EU and showed how far behind the EU really is, versus the UK. In today's report we look out globally.Countries such as China, the US, and India have massive populations and therefore their total emissions of CO (and other 'greenhouse gases') will naturally exceed those of the UK, with its much smaller population.First we look at total emissions of CO2 by the largest countries, compared to the UK. Then we go on to show the emissions per capita, to eliminate the size of the populations.BREXIT FACTS4EU.ORG SUMMARYThe UK versus the rest of the worldTotal CO2 emissions in billions of tonnes, 20211. The global pictureThe world : 37.12bn tonnesThe UK : 0.347bn tonnes (0.93% of global emissions of CO2)[Source: Oxford University's 'Our World in Data' based on the Global Carbon Project. Latest figures from 2021.]?© Brexit Facts4EU.Org 2023 - click to enlarge2. The UK versus the world's top 10 biggest emitters of CO2Total CO2 emissions in billions of tonnes, 2021China : 11.47USA : 5.01India : 2.71Russia :1.76Japan : 1.07Iran : 0.75Germany : 0.67Saudi Arabia : 0.67Indonesia : 0.62South Korea : 0.62Other :EU27 : 2.79UK : 0.35?© Brexit Facts4EU.Org 2023 - click to enlarge.. More... Facts4eu

[xxxxxy] 17/8/2023 07:47

And come a Labour government, Shell will be going to USA as well.

[xxxxxy] 17/8/2023 07:47

Billy Glitzy19 HRS AGOYes snake oil. Which will become even more obvious as it becomes apparent that money spent on much of these green initiatives has been sprayed into the sand. Of course those assisting the spaying will make a packet and move on. Our socialist government, for that is what it is, will move on also saying, "lessons have been learned" - but they won't have been - and asking us for more money.Comment by East Riding.EREast Riding21 HRS AGOUSA are doing well. They paid lip service to net zero, but kept all oil and gas industries intact. Yes, they reduced the usage of carbon and installed some windmills. But they have not decimated their industries as Europeans are doing. On a contrary, lots of organisations are moving their factories from Europe to USA.They have reduced to zero the trade balance with Europe, a huge shift and nobody has noticed.USA will abandon soon the net zero policies once they have made Europe uncompetitive. .... Daily Telegraph

[xxxxxy] 13/8/2023 18:42

All electric.. Fuelled by fossil fuel