Shell Share Discussion Threads

[waldron] 23/10/2017 18:32

(Boursier.com) - GTT announces that it has signed a service agreement for Shell's Prelude FLNG (Shell Fluid Liquefaction and Storage LNG) membrane cargo containment system. This covers engineering, inspection, maintenance and testing related to the containment system.

FLNG Prelude has recently arrived on site, 475 km northeast of Broome, where the connection and commissioning phase of the project is underway. Prelude FLNG has a liquefied gas storage capacity of 326,000 m3. It contains 10 tanks (6 LNG and 4 LPG), each equipped with the Mark III membrane containment system developed by GTT.

[the grumpy old men] 20/10/2017 09:15

By Prince Okafor allafrica

Shell Petroleum Development Company of Nigeria, SPDC, Thursday, lifted force majeure on Bonny Light exports, thus signalling the official export of the crude oil grade from Nigeria. The force majeure was placed to protect the company against any liability from importers in different parts of the world after the destruction of its Nembe Creek Trunk pipeline.

Aiteo, an indigenous oil and gas company that handled the rehabilitation of the pipeline, said that work had been completed to pave way for resumption of export. SPDC explained that the force majeure was declared September 16, 2017, on Bonny Light crude, due to issues affecting one of the two main pipelines taking Bonny Light grade to the export terminal.

Bonny Light has seen its production affected by declarations of force majeure at different points throughout the last year. It recently came out of a month-long force majeure on August 14, due to issues over a leak on the Nembe Creek Trunk pipeline. Bonny Light, a light sweet crude with a gravity of 35.3 API and a sulphur content of 0.15 percent, saw three force majeure declarations in 2016 due to pipeline leaks caused by militant attacks.

This year, force majeure has previously been declared in June for several days, and over July-August. Bonny Light's production has averaged 5.545 million barrels over the last 12 months. The crude is produced on Bonny Island onshore at the eastern edge of the Niger Delta. Other grades of Nigerian crude oil are Qua Iboe crude oil, Brass River crude oil, and Forcados crude oil.

The Cabinda crude oil is a common grade of crude oil produced in Angola. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income for the oil-rich nation. The price of Brent stood at $57.88 while the price of WTI stood at $51.88 in the global market yesterday. According to OPEC, "The organisation basket of fourteen crudes stood at $56.12 a barrel on Wednesday, compared with $55.83 the previous day.

[grupo] 19/10/2017 17:45

Royal Dutch Shell shares tipped to grind higher
08:37 19 Oct 2017
Jefferies names Shell among its 'top picks' and it is seen to be grinding higher.
Shell petrol pump
There are fundamental reasons to hold big oil stocks, according to Jefferies

Royal Dutch Shell Plc (LON:RDSB) is among a number of major oil stocks that have been tipped to ‘grind higher’ by US investment bank Jefferies.

Analyst Jason Gammel reckons there are fundamental reasons to hold big oil stocks like Shell, even though he acknowledges that the macro scenario remains volatile.

“The oil market has (finally) moved into modest under-supply and we expect this will persist at least through the end of the year. The next Ordinary OPEC meeting on 30/11/17 looms large,” Gammel said.

“Our expectation is that OPEC (and partners incl. Russia) will extend production cuts through the end of 2018 and if this transpires, the market should be broadly in balance and support prices above the $48 sector break-even.”

Shell is named by Gammel alongside US listed majors like Chevron and ConocoPhillips as Jefferies ‘top picks’, and the analyst also said the Exxon could be expected to ‘trade well’ through the third quarter reporting.

Focussing on Shell, the analyst added: “The company is demonstrating the resiliency of its operating cash flow in a c. $50/bbl Brent environment, the dividend is being covered with free cash flow, and the balance sheet is on a path to reach 20% net debt/capitalization in 2018 - the trigger for lifting the scrip dividend. We believe that as these financial metrics continue to improve, the company’s sector-high dividend yield of 6.4% will compress towards the average of 4.8%.”

Elsewhere, JP Morgan separately repeated an ‘overweight217; rating and upgraded its price target up to 2,650p from 2,400p previously.

In a note, the US bank said: “Despite the recent oil rally, EU Oils have underperformed the market by 15% YTD. Robust 3Qs and continued E&P project delivery set a platform for an SXEP 'catch-up' trade into year-end, particularly where management teams demonstrate sustained capex discipline and improved project returns can drive MT cash neutrality closer to $40/bbl.”

[waldron] 12/10/2017 17:50

ROYAL DUTCH SHELL PLC

Notice of Results

The Hague, October 10th, 2017 - On Thursday, November 2nd, 2017 at 07.00 GMT
(08.00 CET and 03.00 EDT) Royal Dutch Shell plc will release its third quarter
results and third quarter interim dividend announcement for 2017.

[waldron] 12/10/2017 15:57

Royal Dutch Shell PLC (RDSB.LN) said Thursday that it is buying electric-vehicle charging provider NewMotion for an undisclosed sum.

NewMotion operates more than 30,000 private electric charge points for homes and businesses in the Netherlands, Germany, France and the U.K. It also provides access to a network of more than 50,000 public charge points across 25 European countries, serving more than 100,000 registered charge cards.

Shell said that NewMotion will continue business as part of the enlarged group, and that both companies will work together to maximize the synergies and opportunities on offer.



Write to Ian Walker at [e-mail]; @IanWalk40289749



(END) Dow Jones Newswires

October 12, 2017 08:16 ET (12:16 GMT)

[waldron] 27/9/2017 10:51

broker ratings
Royal Dutch Shell Plc 10.8% Potential Upside Indicated by Jefferies International

Posted by: Amilia Stone 27th September 2017

Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Jefferies International have set a target price of 2470 GBX on its stock. This now indicates the analyst believes there is a possible upside of 10.8% from the opening price of 2230 GBX. Over the last 30 and 90 trading days the company share price has increased 102.5 points and increased 146.5 points respectively. The 1 year high for the share price is 2295.5 GBX while the 52 week low for the stock is 1791 GBX.

Royal Dutch Shell Plc has a 50 day moving average of 2,148.47 GBX and a 200 day moving average of 2,142.36. There are currently 9,123,312,388 shares in issue with the average daily volume traded being 4,606,355. Market capitalisation for LON:RDSA is £202,993,700,633 GBP.

[waldron] 22/9/2017 16:10

Shell bashes bans on gasoline cars, proposes carbon pricing instead
John Voelcker
114 Comments
Sep 21, 2017
Follow John

Shell fuel station in Europe

Shell fuel station in Europe

The prospect of bans on gasoline and diesel new-car sales have become a much greater threat not only to automakers but to oil companies as well, now that China has said it is studying such a move.

The world's largest car market has not announced any timetables for such a ban, which will likely be implemented to give domestic automakers the maximum advantage.

But the head of strategy for one oil company has already slammed such bans, arguing that it runs the risk of ending efforts to roll out combustion engines with lower emissions.

DON'T MISS: China wants all electric cars: will it work? Reasons and reactions

The Anglo-Dutch oil company Shell supports the goals of reducing carbon emissions and air pollution, said its strategy head Guy Outen, but didn't believe governments should be in the business of "picking solutions."

Quoted earlier in September in an article by the British Financial Times (subscription required), Outen suggested taxing carbon emissions instead.

That would allow automakers to choose from among a range of options to reduce carbon in the short and medium term, he argued.
Shell Concept Car
Shell Concept Car
Shell Concept Car

“Put a price on carbon," Outen told the FT, "stand back and watch the rush of technology to find the cheapest solution."

And, he said, continued reductions in carbon emissions from rising numbers of gasoline and diesel vehicles in developing countries would reduce oil demand three times as much as the likely impact of electric cars.

In essence, Outen argued, more carbon could be cut sooner by tougher emission limits on cars with engines than by mandating conversion to zero-emission vehicles in years from 2025 to 2040.

CHECK OUT: GM CEO Barra attacks China gas-car ban, suggests buyers should decide

Cutting the emissions of a growing global vehicle fleet requires continuing to reduce the carbon emissions per mile from each one.

Shell's internal projections suggested that even with "aggressive" consumer demand for electric cars—defined as one in three vehicles sold in 2035—demand for oil used to fuel road vehicles will continue rising until 2035.

Stemming the growth in oil consumption before then would require "forced reductions" from legislative policies.

Chevrolet Bolt EV being charged outside Go Forth electric-car showroom, Portland [photo: Forth]

Chevrolet Bolt EV being charged outside Go Forth electric-car showroom, Portland [photo: Forth]

Other projections, however, suggest global demand for gasoline and diesel fuel may peak more than 10 years sooner, as the price of electric cars falls to parity with conventional vehicles sometime during the 2020s.

Outen did not explain why the proposed bans on sales of cars with engines were the alternative to stricter vehicle carbon-emission rules, instead of an added measure on top of such rules.

Still, a carbon tax is in many ways the fairest and simplest way to penalize emissions of carbon dioxide that contribute to climate change, which are now a cost-free "externality" to the emitters.

Numerous think tanks have proposed carbon pricing over the years, and some electric-utility executives would welcome it as a way to solidify the long-term regulatory environment in which they must make huge capital investments with 50-year amortization cycles.

As an August article in New York Intelligencer posited, somewhat cynically, that even in the U.S. a carbon tax could accomplish numerous policy goals and be palatable in the current political environment

It would impose much of the tax burden not on large corporations but on the customers to whom they would pass it along, including low- and middle-income buyers of gasoline for the cars that take them to work.

Beijing smog

Beijing smog

This regressiveness, suggests author Jonathan Chait, would satisfy the tax-cuts-for-the-rich-at-all-costs segment of the political spectrum.

It could be presented as a tax on corporations—popular with the electorate—even though it was nothing of the sort.

The challenge is that states that produce coal and oil would still find their product disadvantaged.

We note that Shell's idea of a carbon tax already exists in European countries where annual vehicle registration fees are based on their carbon emissions.

But we're not going to hold our breath waiting for such systems to arrive in the U.S.

[EDITOR'S NOTE: Green Car Reports thanks our tipster, who prefers to remain an International Man of Mystery.]

[waldron] 21/9/2017 08:34

Vallourec (VK.FR) - The seamless tube manufacturer Vallourec (VK.FR) announced Thursday that it has signed a contract with the Badr El Din Petroleum Company, or BAPETCO, a joint venture between Shell RDSA.LN) and Egyptian General Petroleum Corporation for the supply of tubular solutions (OCTG) to equip 60 to 70 gas wells in the western desert of Egypt.


The amount of the contract has not been specified.


In its press release, Vallourec stressed that the implementation of its transformation plan, relying in particular on new production routes, enabled it to offer "competitive" solutions to its customers. The majority of the carbon steel seamless tubes will be produced by Tianda, the new plant acquired by the group in 2016 in Chuzhou, China, and threading will be carried out at its Changzhou plant.




-Guillaume Bayre, Agefi-Dow Jones; 01 41 27 47 93; [e-mail] ed: VLV




(END) Dow Jones Newswires


September 21, 2017 02:57 ET (06:57 GMT)

[ariane] 19/9/2017 10:18

broker ratings
Royal Dutch Shell Plc 30.2% Potential Upside Indicated by Barclays Capital

Posted by: Amilia Stone 19th September 2017

Royal Dutch Shell Plc with EPIC/TICKER (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at Barclays Capital. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set a target price of 2750 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 30.2% from the opening price of 2112 GBX. Over the last 30 and 90 trading days the company share price has increased 2.5 points and increased 29.5 points respectively. The 1 year high share price is 2295.5 GBX while the 52 week low for the share price is 1791 GBX.

Royal Dutch Shell Plc has a 50 day moving average of 2,134.74 GBX and a 200 Day Moving Average share price is recorded at 2,142.04. There are currently 9,622,125,444 shares in issue with the average daily volume traded being 4,712,363. Market capitalisation for LON:RDSA is £204,566,386,939 GBP.

[la forge] 18/9/2017 07:17

Shell positioning itself as Egypt’s preferred future partner of choice: Gasser Hanter

The Apollonia project can boost Egypt’s unconventional oil/gas exploration and production
Daily News Egypt 49 mins ago 0 Comments

In the wake of the ongoing economic reform programme adopted by the authorities and the plans to transform Egypt into a major energy hub, Daily News Egypt sat with Gasser Hanter, chairperson and managing director of Shell Egypt, which is responsible for around 20% of Egypt’s gas production and 10% of the country’s oil production to discuss the prospects of Egypt’s oil and gas sector, in addition to reviewing the company’s latest projects and updates in the Egyptian market.

How do you describe Shell’s presence in Egypt?

We have a unique partnership with Egypt and we are a leading player in both the upstream (onshore and offshore) and downstream in Egypt.

Upstream, we have a diversified and an interesting footprint, producing a significant percentage of the country’s oil and gas, with approximately 20% of the country’s gas production and 10% of its hydrocarbon liquid production, making us one of the two biggest operators in the western desert at a daily production of over 130 kilo barrel of oil equivalent (Kboe). Through our three joint ventures, Badr El-din Petroleum Company (Bapetco), Rashid Petroleum Co. (Rashpetco), and Burullus Gas Company (Burullus), we continue to provide production and development activities in Egypt—our onshore presence in the Western Desert spans over nine Production Sharing Contracts (PSCs), with stakes in 22 oil and gas production licences in the Badr El-Din, Northeast Abu El Gharadig, Sitra, West Sitra, Obaiyed, and Alam El Shawish West (AESW) areas.

This is in addition to four onshore exploration blocks—North Matruh, North East Obayied, and North Alam Elshawish, besides the recently awarded block of North Umbaraka (NUMB). We also have near-field exploration activities within our existing development concessions and are proud to be the largest infrastructure operator for pipelines and processing plants in the western desert. Our offshore portfolio includes two operated gas-producing concessions—Rosetta and West Delta Deep Marine (WDDM)—and two operated non-producing concessions—North Gamasa NGO and El Burg Offshore EBO.

Our midstream business in Egypt, our world-class Egyptian LNG (ELNG), is a joint-venture with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding company (EGAS), among others. We have the ability to produce and export 7.2 mtpa (2 trains) and up to 120 LNG cargoes per year. This year marks a major achievement for the ELNG, the successful full loan repayment for financing the establishment of the Egyptian LNG project.

Moreover, we have a thriving downstream business in Egypt with a growing lubricant-market share, at approximately 19% and an oil-blending plant, which is currently undergoing expansion.

Our people are our core assets. We are optimally delivering performance through building local staff competencies. Through our joint-ventures, we employ around 3,500 people in Egypt and over 80 located globally.

As you can see, Shell is here to stay and grow its investments and operations in Egypt, supporting the country to meet its energy needs.

Can you tell us more about ELNG’s success in loan repayment?

When the financing was secured in 2003, it was the largest financing project in Egyptian history.

Today, Egyptian LNG is beginning a new chapter, one of greater financial stability. The Egyptian LNG can look to the future. It is a world class asset that can help Egypt to meet its economic goals and its aspiration of becoming a major gas hub in the years to come.

It was a very proud moment for this joint venture. This would not have been possible without the strong support from the government and from the creditors.

What are Shell’s latest updates?

On the Onshore: we see the western desert as a rich basin and look forward to maximising the hydrocarbon potential there through our JV Bapetco, which is operating at full capacity. Plans include an aggressive near-field exploration using the latest seismic reprocessing techniques, in addition to continue drilling exploration wells within the exploration licences of North East Obayeid and North Matruh. We are also looking to the fast-paced development of brown field infill drilling, sustained water-injection and well-workovers of restoration and optimisation. This is in addition to unlocking difficult gas opportunities. Our recent onshore discovery in the North East Alam Al Shawish concession has an estimated 0.5 Tcf gas in place, and we have commenced our development and planning activities. Such a discovery is the deepest and is one of the largest gas discoveries in the western desert in the past years and is set to have a material contribution to the overall onshore production in Egypt.

We are pleased to have signed last month the concession agreement of the recently awarded North Um Baraka (NUMB) block with the Egyptian Ministry of Petroleum and Mineral Resources, which was part of the 2016 onshore bid round. The NUMB block is adjacent to the Obaiyed development lease in the western desert, which is operated by Bapetco—our joint-venture with the Egyptian General Petroleum Corporation (EGPC)—covering an area of approximately 5,624 square kilometres. The proximity to the Obaiyed concession allows for quick tie-in and production from future discoveries. We intend to use high-resolution 3D seismic and deep drilling technology in our new North Um Baraka block and plan to commence drilling at the end of this year and proudly have one of the largest onshore exploration teams in Egypt with high-technology capabilities and strong support from the global Shell Technology Centre.

We have paved the way with the largest and first high-resolution 3D seismic survey over North Matruh/North East Obaiyed in 2015 and drilled the second deepest well in the western desert, the BTE-2 discovery, to almost a 6,000-metre depth in August 2016.

As for offshore, we are continuing to maximise production from existing wells in our two operated concessions: Rosetta and the West Delta Deep Marine, which once had the capacity to produce 2bcf/d. We are also resuming our technical studies for further development and realisation of exploration potential, which looks promising given new avenues (such as deeper horizons). On phase 9B, we are also discussing with the relevant authorities the potential future investment opportunities, and such discussions are progressing well.

What is Shell’s view on Apollonia?

Innovation and successful partnership are what comes to my mind when talking about Apollonia. This is a very exciting project, and we are glad to be taking part in it as it is done for the first time in Egypt. Our pilot, Apollonia, is a formation of the Northeast Abu El Gharadig (NEAG) licence area, a joint venture between Shell (52%) and Apache (48%) in the western desert.

We test the potential of stranded gas fields through this pilot using state-of-the-art technology, where we work with our partners EGPC and Apache to assess the future viability of tight gas reserves, using horizontal multi-stage fracking.

Two horizontal multi-stage fracked wells were delivered successfully as part of the pilot phase, where the wells are currently delivering relatively sustained gas rates. The outcomes from the first multi-stage frack pilot project in Egypt are being reviewed to be reflected in the planning of the next phase of development. Based on the outcome of such pilot, we would evaluate further opportunities within the unconventional space.

The Apollonia project is quite strategic because, if proven successful, it can open up new avenues for the country within the unconventional oil/gas exploration and production. We are keen to be leading on this with our partners and successfully contributing to Egypt’s energy demand and to also set an industry precedent to attract further foreign direct investments (FDIs) into the country. Egypt is in the very early stages of assessing its tight oil and gas potential where this is considered a key game-changer for Egypt in the coming period, and Shell is proud to be taking part in such a transition.

This is also in line with our global strategy on unconventionals as a viable energy resource, and as a future growth opportunity. We continue to make progress in our shale business, which is an important piece of Shell’s integrated business model.

What is your vision of the industry in light of the latest discoveries?

Egypt’s economic potential is closely tied to its ability to develop a robust energy industry. As you know, the Egyptian government is working hard to lay these foundations. And there is great progress. Investment is coming in, and production of oil and gas is growing again. That is helping the government to move towards its goal of transforming Egypt into a regional energy hub.

In tandem, Shell is playing its part and is positioning itself as the preferred future partner of choice to Egypt. Our company has invested heavily in Egypt’s energy infrastructure through the acquisition of the BG Group last year, including its assets in Egypt. This deal builds on Shell’s 100+ years in Egypt. During that time, we have continued to invest in projects. We have created strong partnerships that underpin successful joint ventures. And those have created thousands of jobs and built great expertise.

Partnerships, safety, and strategic growth are what make up Shell’s strategy in Egypt. We are proud of our role in helping shape Egypt’s energy future through the development of skills and supporting the Ministry of Petroleum’s modernisation programme. What I have personally found impressive was the determination with which the government has been driving the economic reform programme forward, also reflected in the modernisation programme. The key pillars highlighted for reform clearly show that the industry has been consulted, as they directly address various issues that players are facing within the Egyptian market today.

[waldron] 17/9/2017 06:18

kurds away


will soon be referundum day