Shell Share Discussion Threads

[jrphoenixw2] 30/8/2024 12:16

The anti oil mentality seems to be a British thing. I can't see other countries flailing themselves in the same way - anyone? Especially countries that have O+G under their own feet. I was reading a headline earlier that the US has record fracking levels. Versus yesterday Labour U-turning on new UK offshore O+G fields that already have been licensed/approved. Under Labour UK O+G is univestible. The result is we'll have to pay+ship (c/o all that heavy and polluting bunker oil those tankers burn) imports from sometimes despotic regimes. Companies that operate in the UK's super-taxed waters will simply move elsewhere, and we increasingly poor consumers will pay double to import from those distant fields. No wonder Brit O+G companies are eyeing re-listing in the New York.
Joined-up-thinking Labour style.

p.s. the low yesterday was 2670.5, that's a level to watch this pm, just in case...

[kkclimber56] 30/8/2024 11:38

Interesting.Makes sense backing off exploration and development given the anti oil mentality but coupled with also backing off renewables leaves me wondering where the future lies for Shell.Or is it being set up as a cash cow? If so it risks becoming an easy target for increased taxation

[philanderer] 29/8/2024 22:43

Shell to cut exploration and development workforce by 20%

Restructuring will see hundreds of job cuts across the world

[waldron] 29/8/2024 19:54

Shell to sell Sinco pipeline system and Colex terminal to Edgewater Midstream

29 August 2024 - 9:39PM

PR Newswire (US)



HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Shell Pipeline Company LP and Triton West LLC, respective subsidiaries of Shell USA, Inc. (Shell), have agreed to sell their 100% interest in the Sinco pipeline system and Colex terminal to a subsidiary of Edgewater Midstream LLC (Edgewater), pending regulatory approval.

This sale follows Shell's Capital Markets Day to simplify our portfolio as we deliver more value, with less emissions

"This sale follows our guidance at Shell's Capital Markets Day to continue to simplify our portfolio as we seek to deliver more value, with less emissions," said Andrew Smith, Shell Executive Vice President Trading & Supply. "After the completion of the sale of Shell's equity in Deer Park Refinery, these assets are non-integrated and no longer fit within Shell's Powering Progress strategy. This transaction enables re-deployment of capital to other projects that will do so."

The sale of both assets is expected to be completed in Q4 2024.

Notes to editors

The Sinco pipeline system and the Colex terminal are located in the Houston Ship Channel area and have historically been operated as integrated assets with the Deer Park Refinery.

In 2022, Shell completed the sale of its equity share in the Deer Park Refinery to Pemex, rendering the Sinco pipeline and the Colex terminal non-strategic and non-integrated.

Both Shell Pipeline Company LP and Triton West LLC are subsidiaries of Shell and own 100% of Sinco pipeline system and Colex terminal, respectively.

Edgewater focuses on the acquisition, development and operation of pipelines and terminals in proximity to major North American petroleum trading hubs and demand centers, primarily in coastal markets.

Shell Pipeline Company LP transports over 1.5 billion barrels of oil annually through its vast network of pipelines and tank farms, ensuring reliable delivery of essential products like crude oil, gasoline, and chemicals.

The U.S. is a key market for Shell, where it has interests in 50 states and employs more than 13,000 people who work to provide a secure supply of energy today, while tackling the energy challenges of the future.

Shell's U.S. portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, lubricants, and refined fuel products along with renewables such as wind, solar, and mobility segments like electric vehicle charging.

[mortlolc] 29/8/2024 16:26

I'd say you can add BP to that too!

[kkclimber56] 29/8/2024 15:21

This will move Shell closer to relisting in NY

[xxxxxy] 29/8/2024 11:18

Ed Miliband has bowed to Greenpeace by refusing to fight a climate lawsuit brought against two of Britain's biggest North Sea oil schemes.The Energy Secretary has said that he will not resist legal challenges against licences issued for the Rosebank and Jackdaw oil fields – meaning the two projects are at high risk of being halted.Claire Coutinho, the shadow energy secretary, described the decision as a "final blow" for the North Sea.Equinor is developing Rosebank, 60 miles west of Shetland, which contains up to 500m barrels of oil and was planned to operate until at least 2050. Jackdaw, which would produce 40,000 barrels a day for two decades or more, is being developed by Shell.A spokesman for the Energy Department said: "The Government will not challenge the judicial reviews brought against development consent for the Jackdaw and Rosebank offshore oil and gas fields in the North Sea. This decision will save the taxpayer money....Daily Telegraph

[anhar] 29/8/2024 10:08

I'm with Gary here. Why are some people surprised that shares can go down as well as up? Welcome to the stock market.

I assume it's principally those attempting to profit from short term trading. STT is a mug's game, nearly all those trying it will fail sooner or later. The most likely way for small investors to win is through long term buy and hold in a diversified portfolio, tempered with a plan like buying when a share is depressed as indicated by some measure such as high yield, low P/E etc.

No guarantees, it's a risk way to invest and all you can do is to try and reduce the risk by some sort of strategy as above. But you can't eliminate it. If you can't live with that then stick with zero risk investments.

[garycook] 29/8/2024 09:33

netcurtains, Stop crytng like a baby, and act like a grown man. Do not panic. BP is performing even worse. The problem is you purchased to high in SHEL.So take your medicine. Collect the Quarterly divs, and wait for SHEL to recover.

[netcurtains] 29/8/2024 09:24

Dive dive dive.....

We're going down forever.

there is no coming back up ever....

We're all doomed.

This is the beginning of the end of the oil age.

[netcurtains] 29/8/2024 09:16

I'm losing money hand over fist.
Is this the beginning of the end of the oil industry as we know it?

[philanderer] 29/8/2024 08:36

Down again..

Brent oil was quoted at USD77.58 a barrel early in London from USD78.91 late Wednesday.

[chiefbrody] 28/8/2024 15:53

Wowza. Didn't think I'd be checking in to a share price in the 26's. Long way down if it doesn't bounce from here.Still, least the buybacks/div reinvestments will be better value so better in the long run. Till Halloween then. Good luck all.

[philanderer] 28/8/2024 12:33

Later today, crude prices may experience further volatility with the release of EIA Crude Oil inventory data for the week ending August 23. It is expected to show a decline of 2.7 million barrels, continuing the recent trend. A larger-than-expected decline in crude inventories could provide support to oil prices.’

[netcurtains] 28/8/2024 08:50

Do we know why Shell has been continually falling ever since I bough it?

[xxxxxy] 28/8/2024 08:36

Come on Trump.

[netcurtains] 27/8/2024 16:26

Good start shame about the finish.

[xxxxxy] 27/8/2024 16:22

The Drax power station was responsible for four times more carbon emissions than the UK's last remaining coal-fired plant last year, despite taking more than £0.5bn in clean-energy subsidies in 2023, according to a report....Guardian..August 24.

[xxxxxy] 27/8/2024 15:16

Nuclear power is Something. But EVs just novelty. Not sure where Shell goes now, think USA if Trump...and maybe on to Nuclear.

[xxxxxy] 27/8/2024 15:13

Triumph Trident18 hrs agoArticle written by Bryan Leyland MSc, DistFEngNZ, FIMechE, FIEE(rtd),.YetDavid Turver of Eigen Values (Thanks) points out in his blog ( https://davidturver.substack.com/p/desnz-net-zero-competence) that ALL of the Department of Energy and Net Zero do not have any STEM or business qualifications or experience of running any business let alone an energy company. So from the Minister (Mad ED) , through all the other ministers and advisors and within the Civil Service department and the CCC – no relevant qualifications. The CCC have STEM advisors only. Yet these people are driving us to penury on the back of a cult. I despair.reply4 replies 299 0report22 older repliesshow older repliesReply by Pete C.PCPete C6 hrs agoReply to Triumph TridentNet Zero could be our version of Mao's so-called Great Leap Forward. He tried to modernise Chinese agriculture with centralised diktats, but his ideas didn't work. Soon people were starving as production plummeted.I've got a question for the people pushing net zero. Is it worth people dying of cold when the electricity supply collapses in winter? editedreply 43 0reportReply by Philip Ranby.PRPhilip Ranby6 hrs agoReply to Triumph TridentNo they know the result.Control is there gamereply 7 0reportComment by Outside Right.OROutside Right18 hrs agoThank you Bryan, a thoughtful insight into the ongoing nightmare we face in NZ as a consequence of Ardern's Kindergarten government. I seriously doubt that the NZ Herald would have published this article. Only a few weeks ago, the Herald's deranged "Business Editor at Large" Liam Dann wrote an article arguing that NZ's best future growth path was to become a world leader in data centres! The reality here is that Arden spent untold millions of taxpayers' money subsidising EV's that run on extra electricity generated by burning imported coal. Net Zero is impossible without embracing nuclear power....Daily Telegraph

[xxxxxy] 27/8/2024 15:09

https://www.telegraph.co.uk/news/2024/08/26/green-energy-net-zero-new-zealand-hydro-solar-wind/

[xxxxxy] 27/8/2024 07:33

Mr Farage said: "Whilst we fight the Chancellor on this important issue [WFP]I wonder what other shocks will come in the budget at the end of October?"He[Farage]blamed net zero policies for high energy prices, and pointed out that regulator Ofgem price cap is hiking the price cap this winter....Daily Express

[xxxxxy] 26/8/2024 18:22

Labour Government has a policy....Harm the UK....

[the white house] 26/8/2024 13:52

Libya has turned off production...Sterling off a touch & Brent up over 2 bucks.ADS trading in US up 1pc right now on Spreadex