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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Shell Plc | LSE:RDSA | London | Ordinary Share | GB00B03MLX29 | 'A' ORD EUR0.07 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 1,895.20 | 1,900.20 | 1,900.80 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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05/11/2017 16:51 | the a shares seem to have already risen but will they go further upwards and the difference reduce with the b share volumes up for A VOLUMES DOWN FOR B Needs watching for some | waldron | |
04/11/2017 09:14 | OIL AND GAS SHARES SHOULD BE CONSIDERED AND INCLUDED IN ANY LEVEL HEADED GROUP OF PORTFOLIOS SHELL,BP,TOTAL AND ENGIE MIGHT BE CONSIDERED FOR GROWTH LONG TERM AND DIVI INCOME OIL AND GAS SERVICE COMPANIES WILL SOON BE BACK IN VOGUE WITH THIS IN MIND SHLUMBERGER,TECHNIPF have a nice weekend | sarkasm | |
02/11/2017 09:13 | Shell Takes Exxon’s Cash-Flow Crown as Earnings Beat Estimates By Rakteem Katakey 2 novembre 2017 à 08:19 UTC+1 Updated on 2 novembre 2017 à 09:17 UTC+1 CEO Van Beurden made surpassing his U.S. rival a major goal Third-quarter earnings jump 47% on higher oil prices Royal Dutch Shell Plc has taken Exxon Mobil Corp.’s cash-flow crown, a year after completing the biggest deal in its history. Europe’s largest energy company vaulted ahead on this closely watched indicator of financial health in the first nine months of 2017, as assets acquired from BG Group Plc from Brazil to Australia churned out cash. For the year as a whole, Shell is on track to surpass its larger U.S. rival on the measure for the first time in about two decades. Shell generated $28.38 billion of cash flow from operations in the first nine months of this year, compared with $23.52 billion from Exxon. Chief Executive Officer Ben Van Beurden already spelled out that his main long-term goal was overtaking Exxon to become the best-performing oil major. “This competitive performance is further evidence of Shell’s growing momentum, and strengthens my firm belief that our strategy is working,” Van Beurden said in a statement. He’s not quite there yet, as his company’s market value and total output remain below that of the Irving, Texas-based producer. Shell piled on borrowings to buy BG Group, and though Van Beurden has made reducing that burden his top financial priority, third-quarter net debt of $67.66 billion was higher than the preceding period. The company also failed to cover its entire dividend with free cash flow, although it has done in aggregate over the last 12 months. “It will take time for Shell to surpass Exxon, but it is on the right track,” said Ahmed Ben Salem, an analyst at Oddo Securities in Paris, who has a buy rating on Shell. “The company needs to keep generating $10 billion of cash every quarter to cover spending and the full dividend, and it has the assets to achieve that.” Normality Returns Shell’s net profit adjusted for one-time items was $4.1 billion, an increase of 47 percent from a year earlier and beating the average analyst estimate of $3.62 billion. Oil and gas output was 3.657 million barrels of oil equivalent a day, compared with 3.595 million a year earlier. Exxon produced 3.88 million barrels in the third quarter. Shell’s refining, chemicals and marketing business posted a smaller 28 percent increase in adjusted profit to $2.67 billion as its Pernis refinery in the Netherlands experienced an unplanned shutdown and Gulf of Mexico hurricanes affected operations at its Deer Park plant in Texas. The company’s B shares rose as much as 1 percent to 2,440 pence before trading at 2,416.5 pence at 8:15 a.m. in London. They have increased 2.6 percent this year compared with a 7.1 percent decline for Exxon. Shell’s purchase of BG made it the world’s second-biggest oil company, after years of vying with Chevron Corp. for the position. Though its $256 billion market valuation is 26 percent lower than Exxon’s, that gap has narrowed in the past year. The company’s earnings are the latest sign that major energy producers are getting back to normality after three tough years of low, volatile prices. BP Plc gave the boldest signal yet this week that the worst of the downturn was over, announcing that it would buy back shares for the first time since 2014. Before it's here, it's on the Bloomberg Terminal. LEARN MORE | waldron | |
02/11/2017 08:30 | By Carlo Martuscelli Royal Dutch Shell PLC (RDSA.LN) on Thursday reported that profit increased in the third quarter, buoyed by a number of factors including rising oil prices. The Anglo-Dutch company posted a quarterly profit on a current cost-of-supplies basis--a company-specific measure of profit that is closely watched by the market--of $3.7 billion, up from $1.45 billion a year earlier. The third-quarter profit figure comes above a company-provided forecast, based on a consensus estimate of 27 analysts, that predicted $3.62 billion profit on a current cost-of-supplies basis. The company said that earnings benefited from stronger refining and chemicals industry conditions, increased oil and gas prices, and higher production from new fields which offset the impact of field declines and divestment. Shell's Chief Executive Ben van Beurden said that the results are evidence of Shell's growing momentum. The energy company added that it expects fourth-quarter upstream earnings to be negatively impacted by a production decline of 250,000 barrels of oil equivalent per day, as a result of completed divestment. The company had set a target to sell assets worth $30 billion between 2016 and 2018, following its acquisition of BG Group. The energy company declared a dividend of 47 cents, unchanged from the year before. Write to Carlo Martuscelli at carlo.martuscelli@do (END) Dow Jones Newswires November 02, 2017 03:53 ET (07:53 GMT) | waldron | |
02/11/2017 07:47 | Royal Dutch Shell reveals strong third quarter performance 03:24 02 Nov 2017 “Shell’s three businesses all made resilient contributions to this strong set of results,” Ben van Beurden said. shell petrol pumps Shell generated just over US$10bn of cash in the quarter Royal Dutch Shell Plc (LON:RDSB)chief executive Ben van Beurden has described Thursday’s third quarter figures as “a strong set of results”. Indeed, the blue-chip oiler reported a big jump in income (attributable to shareholders) at US$4.08bn, compared to US$1.54bn in the preceding three month period and the US$1.375bn in the same quarter of 2016. Earnings were stated at US$3.69bn, which again represent a major upgrade from US$1.92bn in the second quarter and US$1.44bn in last year’s third quarter. Shell highlighted improvements in a number of its operating areas. Specifically, it pointed to higher contributions from its Downstream, Upstream and Integrated Gas businesses. As seen elsewhere in the sector, Shell benefitted from stronger performances in refining and chemicals divisions – and, of course, better crude oil prices. Shell also noted it had new fields coming online during the period, offsetting field decline and divestments. Cash flow from operations amounted to US$7.6bn in the quarter, though excluding capital items the figure stood just above US$10bn. “Shell’s three businesses all made resilient contributions to this strong set of results,” van Beurden said. He added: “Upstream generated almost half of the $10 billion cash flow from operations excluding working capital this quarter, at an average Brent oil price of $52 per barrel, and this was complemented by good cash contributions from our growing Integrated Gas business and from Downstream. “This competitive performance is further evidence of Shell’s growing momentum, and strengthens my firm belief that our strategy is working.” | grupo guitarlumber | |
02/11/2017 07:38 | ROyal Dutch Shell Shell third quarter 2017 interim dividend 02/11/2017 7:05am UK Regulatory (RNS & others) TIDMRDSA TIDMRDSB ROYAL DUTCH SHELL PLC THIRD QUARTER 2017 INTERIM DIVID The Board of Royal Dutch Shell plc ("RDS") today announced an interim dividend in respect of the third quarter of 2017 of US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share"), equal to the US dollar dividend for the same quarter last year. RDS provides eligible shareholders with a choice to receive dividends in cash or in shares via a Scrip Dividend Programme ("the Programme"). For further details please see below. Details relating to the third quarter 2017 interim dividend It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell group. Per ordinary share Q3 2017 RDS A Shares (US$) 0.47 RDS B Shares (US$) 0.47 Cash dividends on A Shares will be paid, by default, in euro, although holders of A Shares will be able to elect to receive dividends in pounds sterling. Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in euro. The pounds sterling and euro equivalent dividend payments will be announced on December 7, 2017. Per ADS Q3 2017 RDS A ADSs (US$) 0.94 RDS B ADSs (US$) 0.94 Cash dividends on American Depository Shares ("ADSs") will be paid, by default, in US dollars. ADS stands for an American Depositary Share. ADR stands for an American Depositary Receipt. An ADR is a certificate that evidences ADSs. ADSs are listed on the NYSE under the symbols RDS.A and RDS.B. Each ADS represents two ordinary shares, two A Shares in the case of RDS.A or two B Shares in the case of RDS.B. In many cases the terms ADR and ADS are used interchangeably. Scrip Dividend Programme RDS provides shareholders with a choice to receive dividends in cash or in shares via the Programme. Under the Programme shareholders can increase their shareholding in RDS by choosing to receive new shares instead of cash dividends, if approved by the Board. Only new A Shares will be issued under the Programme, including to shareholders who currently hold B Shares. In some countries, joining the Programme may currently offer a tax advantage compared with receiving cash dividends. In particular, dividends paid out as shares by RDS will not be subject to Dutch dividend withholding tax (currently 15 per cent), unlike cash dividends paid on A shares, and they will not generally be taxed on receipt by a UK shareholder or a Dutch shareholder. Shareholders who elect to join the Programme will increase the number of shares held in RDS without having to buy existing shares in the market, thereby avoiding associated dealing costs. Shareholders who do not join the Programme will continue to receive in cash any dividends approved by the Board. Shareholders who held only B Shares and joined the Programme are reminded they will need to make a Scrip Dividend Election in respect of their new A Shares if they wish to join the Programme in respect of such new shares. However, this is only necessary if the shareholder has not previously made a Scrip Dividend Election in respect of any new A Shares issued. For further information on the Programme, including how to join if you are eligible, please refer to the appropriate publication available on www.shell.com/scrip. Dividend timetable for the third quarter 2017 interim dividend Announcement date November 2, 2017 Ex-dividend date RDS A and RDS B ADSs (Note 1) November 16, 2017 Ex-dividend date RDS A and RDS B shares November 16, 2017 Record date November 17, 2017 Scrip reference share price announcement date November 23, 2017 Closing of scrip election and currency election (Note 2) December 1, 2017 Pounds sterling and euro equivalents announcement date December 7, 2017 Payment date December 20, 2017 Notes Note 1: The New York Stock Exchange (NYSE), with effect from September 5, 2017, reduced the standard settlement cycle in accordance with the SEC amendments to Exchange Act Rule 15c6-1(a). Under these rules, regular settlement will occur on a T+2 basis for trades occurring on or after the SEC's implementation date of September 5, 2017. As a result RDS A ADSs and RDS B ADSs traded on the NYSE markets will now settle in line with RDS A shares and RDS B shares traded on European markets, who moved to a T+2 settlement basis for trades in 2014, resulting in the same ex-dividend date for RDS A shares, RDS B shares, RDS A ADSs and RDS B ADSs. Record dates will not change. The timings of these in relation to the third quarter 2017 interim dividend are reflected above, resulting in a change to the ex-dividend date for the RDSA and RDS B ADSs from the timetable previously communicated on November 1, 2016. Note 2: Both a different scrip and currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. A different scrip election date may apply to registered and non-registered ADS holders. Registered ADS holders can contact The Bank of New York Mellon for the election deadline that applies. Non-registered ADS holders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Taxation - cash dividends Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which has been formalised in law with effect from January 2017), and depending on their particular circumstances, non-Dutch resident shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax. As from 2018, Dutch and non-Dutch resident shareholders who are exempt from corporate income tax may elect for an exemption from Dutch dividend withholding tax instead of requesting a refund if tax was withheld. Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit was abolished, and a new tax free dividend allowance introduced. Dividend income in excess of the allowance is taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate. If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor. Royal Dutch Shell plc The Hague, November 2, 2017 | grupo guitarlumber | |
02/11/2017 07:35 | Royal Dutch Shell Royal Dutch Shell Plc 2018 Interim Dividend Timetable 02/11/2017 7:09am UK Regulatory (RNS & others) TIDMRDSA TIDMRDSB ROYAL DUTCH SHELL PLC 2018 INTERIM DIVIDEND TIMETABLE The Board of Royal Dutch Shell plc today announced the intended timetable for the 2018 quarterly interim dividends. 2018 Interim Dividend Timetable 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 2017 2018 2018 2018 Announcement date February 1, April 26, 2018 July 26, 2018 November 1, 2018 2018 Ex-dividend date (See February 15, May 10, 2018 August 9, 2018 November 15, Note 1) 2018 2018 Record date February 16, May 11, 2018 August 10, 2018 November 16, 2018 2018 Scrip reference share February 22, May 17, 2018 August 16, 2018 November 22, price announcement 2018 2018 date Closing of scrip March 2, 2018 May 25, 2018 August 24, 2018 November 30, election and currency 2018 election (See Note 2) Pounds sterling and March 9, 2018 June 4, 2018 September 3, December 6, euro equivalents 2018 2018 announcement date Payment date March 26, 2018 June 18, 2018 September 17, December 19, 2018 2018 Notes Note 1: The New York Stock Exchange (NYSE), with effect from September 5, 2017, reduced the standard settlement cycle in accordance with the SEC amendments to Exchange Act Rule 15c6-1(a). Under these rules, regular settlement will occur on a T+2 basis for trades occurring on or after the SEC's implementation date of September 5, 2017. As a result RDS A ADSs and RDS B ADSs traded on the NYSE markets will now settle in line with RDS A shares and RDS B shares traded on European markets, who moved to a T+2 settlement basis for trades in 2014, resulting in the same ex-dividend date for RDS A shares, RDS B shares, RDS A ADSs and RDS B ADSs. Record dates will not change. The timings of these are detailed above. Note 2: Both a different scrip and currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. A different scrip election date may apply to registered and non-registered ADS holders. Registered ADS holders can contact The Bank of New York Mellon for the election deadline that applies. Non-registered ADS holders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. The 2018 interim dividend timetable is also available on www.shell.com/divide Royal Dutch Shell plc The Hague, November 2, 2017 | grupo guitarlumber | |
01/11/2017 15:36 | Oil & Gas UK welcomes multi-billion-dollar North Sea deals 11/1/2017 LONDON -- Commenting on two major North Sea deals completed within the past 24 hours, Deirdre Michie, chief executive at the industry trade association Oil & Gas UK, said the deals are "hugely significant." “These two deals point to strengthening confidence in the future of the UK’s offshore oil and gas industry," he said. “Chrysaor̵ “The Forties Pipeline is a critical UKCS asset and its integration with Ineos’ assets at Grangemouth is an efficient solution that will help unlock new investment opportunities upstream. The completion of the deal consolidates INEOS’ position as a top ten company in the North Sea and the largest privately owned exploration and production business operating in the energy basin." “Chrysaor is now a top independent oil and gas company and one of the UK’s largest producers on an equity basis. The company is intent on exploring and investing in its new portfolio, which underlines confidence in the potential this basin still holds. Up to 20 Bbbl of oil and gas are estimated to remain for recovery, an essential primary resource to meet the country’s energy needs, secure jobs and generate wealth for the economy." “The future of the basin will thrive on maintaining a diversity of operators producing our oil and gas; we welcome Shell and BP’s continued significant presence here as well as the arrival of new companies to the sector like Chrysaor and Ineos.” Deirdre Michie adds: “We need more deals like these. In the past they have helped extend the life of the basin, acting as catalysts for fresh investment, reinvigorating activity in both new and existing portfolios." “While many of the levers are in industry’s hands, the Government can help. Allowing the transfer of tax history along with the sale of assets to their new owners would be one such measure we are discussing with Treasury, and we are hopeful of movement on this in the Budget later this month.” | grupo guitarlumber | |
01/11/2017 11:56 | BP Signals Optimism With New Buybacks -- WSJ 01/11/2017 7:02am Dow Jones News Total (EU:FP) Intraday Stock Chart Today : Wednesday 1 November 2017 Click Here for more Total Charts. By Sarah Kent This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (November 1, 2017). LONDON -- BP PLC on Tuesday said it would restart its share buyback program after posting healthy third-quarter earnings, the latest signal that the oil industry has found its footing amid a modest crude-price recovery. The U.K. oil giant said its strengthened financial position allowed it to begin a share repurchase program in the final three months of 2017, though it didn't put a value on future buybacks. With Brent crude, the international benchmark, trending over $60 a barrel for the first time since 2015, BP's move ranks among the first actions showing big oil companies are healthy enough to sweeten the pot for investors who had soured on the sector. BP hasn't had a share buyback program since oil prices crashed in 2014, falling from over $114 a barrel to less than $28 a barrel in early 2016. Other companies like Exxon Mobil Corp. and Chevron Corp. have also moved away from the practice while they grappled with the oil-price slump. BP said it could restart buybacks because it had driven its costs so low that it can generate enough cash to cover its spending commitments and dividend at $49 a barrel. Investors are increasingly looking at this break-even metric for signs big oil companies have succeeded in shifting their financial frameworks to operate profitably at lower oil prices. "We're confident we can balance the books at $50 next year, and even manage as low as $45. That's what gave us the confidence to raise the idea of buybacks with the board," Chief Financial Officer Brian Gilvary said in an interview. Overall, BP's replacement cost profit -- a number similar to the net income that U.S. companies report -- was $1.4 billion in the third quarter, down slightly from $1.7 billion in the same period a year earlier. But its underlying financials were strong, sending its intraday share price to highs not seen since three years ago, when oil prices were over $100 a barrel. BP shares closed up 1.7% Tuesday in London. The company's refineries reported their highest underlying earnings in five years, its exploration and production unit returned to profit, and the company's oil and gas output surged 14% in the third quarter. BP is the latest major Western oil company to report profitable results for the third quarter. Last week, Exxon and Chevron both reported increases in third-quarter profits of 50% compared with the prior year. French oil company Total SA's earnings jumped 40%. Royal Dutch Shell PLC will report earnings on Thursday. BP's production rose year-over-year to 3.6 million barrels a day in the quarter, as new projects in Australia, Trinidad and Oman began production -- the latest in a series of developments expected to start up by 2020 that will bring the company's production back up to levels last seen before its fatal blowout in the Gulf of Mexico in 2010. BP is still working to move past the disaster, with the final tab growing past $60 billion. But with most of those payments now made, the company has signaled it is ready to grow again and is able to do so, even in a low oil-price environment. Investors have been wary of big oil companies in recent years, concerned they couldn't generate enough cash to cover big dividends. The move "is an important signal on the confidence of the board and management on cash flow," Barclays said in a note on Tuesday. Share buybacks are popular with investors because they reduce the amount of company stock in circulation and tend to boost share value. For BP, the buybacks help offset perceived weakness in its dividend. The company uses a so-called scrip dividend program, giving shareholders the option to take their dividend in stock and alleviating the cash burden of dividends. Such programs proved helpful to oil companies during the downturn, but they also dilute the value of shareholdings. Investors are increasingly eager to see companies fully cover their dividends with cash. So far Norway's Statoil ASA is the only major oil company to announce plans to halt the scrip program altogether, and BP remains among the first to take steps to offset dilution. Mr. Gilvary said BP had discussed the possibility of removing the scrip program altogether with its board, but concluded some investors liked the option. Write to Sarah Kent at sarah.kent@wsj.com (END) Dow Jones Newswires November 01, 2017 02:47 ET (06:47 GMT) | ariane | |
29/10/2017 10:23 | 29/10/2017 | 9:32 PARIS (AWP / AFP) - CGG's shareholders vote Tuesday on the restructuring plan for the troubled oil services group, a crucial step for the company's survival and the rescue of thousands of jobs. The shareholders are convened at 11:00 am near Paris to, among other things, authorize the financial instruments that will allow the management to implement its rescue plan. The latter includes the debt restructuring of nearly $ 2.8 billion (about 2.4 billion euros) and a fundraising of up to $ 500 million. The plan must result in a massive conversion of debt into shares. So that creditor funds (Boussard and Gavaudan, Contrarian Capital ...) will soon become the main shareholders of the company if the general meeting gives the green light. The public bank Bpifrance, today the largest shareholder with more than 10% of voting rights, said it would vote in favor of the plan. The asset management company, DNCA, another major shareholder and also creditor, will do the same. But the suspense remains certain since resolutions must receive the approval of two-thirds of the votes. The plan "dilutes the presence of capital Bpifrance, it is undeniable, however, its deleveraging gives medium-term prospects for the company, and we have achieved significant progress in commitment of the company and creditors," explained the public bank. CGG has committed until the end of 2019 to maintain jobs in France and the decision centers located in the country will have to remain there at least until the end of 2022. One way to avoid the fate of Technip, another oil services company that, since its merger with the American FMC Technologies, saw his family spend essentially on the other side of the Atlantic. Some creditors have also agreed not to be represented on CGG's board of directors until they individually hold 10% of the group's capital. In addition, despite its future dilution to CGG's capital, Bpifrance will remain on the group's board of directors. - "least harm" - The former Compagnie généra For example, she produces underground ultrasounds for oil companies looking for black gold. But the whole sector was hit hard by the drop in crude prices a little over three years ago. CGG's customers - especially the big "majors" like Shell or Total - began to cut their expenses. In this very difficult context, CGG has already achieved a difficult internal reorganization - drastically reducing its fleet of boats and separating itself from half of its workforce - and now hopes to complete the financial component. Justice will still have to decide in November on the approval of the plan. On this occasion, a group of creditors carrying convertible bonds - who feel aggrieved - wants to request the rejection of the bailout. But management and unions feel that the company has no other choice than the current plan. If rejected, CGG would enter a period of high uncertainty, with the prospect of months of complex renegotiations in France and the United States, and customers tempted to go elsewhere. The plan is "a lesser evil", knowing that "the alternatives are much more unfavorable", said Thierry Coléou, CFDT delegate, interviewed by AFP. And once its restructuring is complete, the group hopes to benefit from the relative improvement in oil prices. "We have returned to a position that allows us to spend off-peak periods and be able to restart later," said Thierry Coléou. jmi / mhc / fka / php | grupo | |
28/10/2017 16:55 | BP and Shell ‘dragging feet on climate change’ Oct 28, 2017 Jonny Bairstow Sustainability & Environment, Low Carbon, Markets & Finance, Top Stories 0 Image: Tonktiti / Shutterstock / JuliusKielaitis BP and Shell is putting shareholder capital at risk by “dragging their feet” on climate change. That’s the claim from non-profit investment campaign ShareAction, which says both energy giants are failing to properly adapt their business models to the ongoing transition to a low carbon economy. That’s in contrast to another new report claiming climate change is now embedded in the strategies of businesses across Europe, including Shell. ShareAction recommends shareholders to escalate engagements with boards and management at both companies. It also suggests investors should press the firms to provide analysis on the resilience of assets, outline plans for reducing total lifecycle emissions and disclose their position on upcoming climate legislation in the markets they operate in. The group says failing to adapt to policies encouraging renewables and the reduced use of fossil fuels risks the savings of millions of savers, especially in the UK where exposure to Shell and BP in pension portfolios is especially high. Michael Chaitow, Senior Campaigns Officer at ShareAction, said: “Shell and BP want to have their oil and drink it too, by advocating for the landmark Paris Agreement to limit global temperature rises to below two degrees Celsius, while planning for scenarios that would violate it.” A spokesperson for BP told ELN: “BP intends to play our part in meeting the dual challenge of shifting to a lower carbon future while providing reliable energy to a growing world population. Shell declined to comment on the report specifically but said: “Shell’s position on climate change is well known.” BP, Low Carbon, Oil & Gas, Shell, climate change, global warming, investment | sarkasm | |
23/10/2017 18:35 | (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. | waldron |
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