Shell Share Discussion Threads

[waldron] 26/3/2018 09:28

BP
467.55 +1.10%



Shell A
2,219.5 +0.93%



Shell B
2,267 +0.82%


Total
46.08 +0.60%

[waldron] 26/3/2018 09:20

TechnipFMC awarded contract offshore Malaysia by Sabah Shell Petroleum

Published by David Bizley, Editor
Oilfield Technology, Monday, 26 March 2018 09:00

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Sabah Shell Petroleum Company Ltd.

This award covers the delivery and installation of subsea equipment including umbilicals, flowlines and the subsea production system for the Gumusut-Kakap Phase 2 Project.

Hallvard Hasselknippe, President of TechnipFMC’s Subsea business, commented: “We are extremely honoured to have been awarded this project by Sabah Shell Petroleum. This award demonstrates the added value of our unique integrated offering (iEPCITM) and brings TechnipFMC’s integrated model to the Asia Pacific region”.

[waldron] 26/3/2018 08:26

BP
464.7 +0.49%



Shell A
2,204.5 +0.25%



Shell B
2,251 +0.11%



Total
45.9 +0.21%

[waldron] 23/3/2018 17:00

BP
462.45 -0.18%



Shell A
2,199 -0.23%



Shell B
2,248.5 -0.07%



Total
45.805 -0.97%

[ariane] 23/3/2018 10:48

BP on energy trends

Technology Outlook evaluates how energy production, use, may evolve through to 2050

Alan Bailey

Petroleum News

BP’s 2018 Technology Outlook report, published recently, presents the results of studies into potential energy trends through to 2050 conducted by BP and eight partner organizations from research institutes. The report sees a future in which natural gas will play a key role, coupled with the growing use of renewable energy sources, improved energy efficiency and the increased use of electric cars. Digital technologies will play an increasing role in the efficiency of energy production and usage, the report says.

However, the report does not attempt to make an energy forecast but, instead, examines technology trends as a means of gaining insights into what might result from technological advances.

In general, the analysis does not factor into its projections the impacts of government policies such as those for addressing climate change. The report does, however, suggest that reaching global climate change goals set in Paris in 2015 is technically achievable but would require significant policy intervention, to push technology change beyond what would happen otherwise. And, as part of its assessment the report has tried factoring a potential carbon price into its evaluation of evolving technologies around electrical power, transportation and heat generation, and the report does suggest energy technology trends that may result from a drive to reduce carbon emissions.

Wind and solar
The report anticipates rapid growth in the use of wind and solar power, with these technologies becoming major sources of electricity worldwide by 2050. The cost of the technologies is falling rapidly, driven by technical advances and economies of scale. Solar power, in particular, is growing in efficiency.

The downside to wind and solar is the intermittency of their power generation. Considerable cost will be incurred in managing this intermittency through the use of storage technologies such as batteries, and through the use of power from gas, coal or nuclear generation facilities.

Natural gas and oil
The most economical energy technology supporting reduced carbon dioxide emissions consists of the use of natural gas in combination with carbon capture, usage and storage, the report says. In fact, the report anticipates gas continuing to play a significant role as a source of power, for heating and as a transportation fuel in the transition to a lower carbon economy. However, demand for oil will likely remain robust. The report supports an International Energy Agency estimate that $600 billion per year in investment will be needed to offset oil and gas field decline and to meet growing demand.

There is the potential to achieve an around 30 percent savings in oil and gas development and production costs while also substantially increasing the volume of recoverable reserves through new technologies, the report says.

Other primary energy sources likely to remain in significant use include coal, nuclear and hydroelectricity.

The use of high temperature power plants can significantly improve the efficiency of coal-fired power generation, but the use of coal results in relatively high carbon emissions. The use of combined cycle gas-fired systems, with both gas and steam turbines, greatly improves the efficiency of gas fired power plants. Hydroelectric power is a mature technology with improvements likely to be incremental rather than transformational, the report says.

Carbon capture, use and storage technologies may come into use to reduce carbon emissions from fossil fuel plants.

Electricity storage
Technologies for storing electricity, in particular battery technologies, are advancing rapidly. The improved batteries can lower the cost of electric vehicles, while also increasing electric vehicle ranges. Battery technologies set to replace traditional lead-acid batteries may include high density lithium-ion, metal-air, solid-state and fluid-flow batteries. Hydrogen could also be used as an energy storage material.

The report suggests that, where extensive and interconnected power supply networks already exist, centralized power supplies will remain cheaper than distributed, small scale power generation systems. The use of digital technology to optimize power supply operations could create significant savings in the cost of power, while digital technology could also reduce power demand by optimizing power use, the report says.

Electric vehicles
The emergence of affordable and practical electric vehicles will probably transform ground transportation, with electric vehicles, together with hybrid vehicles, likely to account for a large proportion of the fleet of cars and other light vehicles by 2050, as the cost of these vehicles converges with the cost of internal combustion engine vehicles. The report suggests that electric car batteries are likely to fall in cost by three-quarters over that timeframe. The common use of self-driving cars and car sharing will likely impact car purchasing habits and fuel consumption. The use of liquefied natural gas will likely be competitive for trucks and some ships.

The widespread use of electric vehicles will impact power supply systems, both through increased electricity demand and through the need to be able to handle peaks in electricity usage.

The report suggests that bio-jet fuel may become a means of managing carbon emissions targets for the aviation industry. Liquid bio fuels could also be used in road vehicles, with sugarcane ethanol projected to be the cheapest biofuel option.

Heating and efficiency
Natural gas fueled systems are likely to continue to be the most common means of heating buildings. However, a push to reduce carbon emissions to limit global warming to 2 degrees C could cause an increased use of heat pumps, an electrically powered technology for transferring heat into a building. The solar heating of water could become competitive across Europe by 2050.

Energy efficiency will be key both to savings in primary energy use and to reducing carbon emissions. Efficiency improvements can come from vehicle efficiency, building design, the increased use of heat pumps and moving to the use of light emitting diodes for lighting, the report says. There is the potential to use improved efficiency to save about 40 percent of current energy use and reduce carbon emissions by up to 13.5 billion tonnes per year, the report says.

There are significant opportunities for improved efficiency in the production of industrial heat for, for example, iron and steel production. Waste heat could, for example, be recycled, the report says.

Digital technology
Continuing advances in digital technology underlie improvements in the efficiency of energy production and use. Advances in seismic data collection and processing and the use of computer-based analysis for field production optimization are rendering oil and gas production more cost effective. Technologies such as smart-grids improve power distribution and usage efficiency. Digital technology is moving along a path through increasing levels of automation and advanced networking towards autonomous machinery. Artificial intelligence appears set to open new avenues for energy production and usage efficiency.

The report also considers urban air pollution, assessing the causes of pollution in London, Los Angeles and Beijing, cities notorious for air quality problems. It turns out that the pollution arises from a variety of sources, both inside and outside the cities, including road vehicles; the use of gas for heating and cooking; and industrial sources. Diesel powered vehicles are a particular culprit in London. San Francisco has a more diverse spread of pollution sources, while in Beijing pollution comes from coal use in industry, power plants and heating, coupled with emissions from transportation.

Challenge for the future
The widespread use of energy in conjunction with industrialization has brought benefits “undreamed of by previous generations,” the report says. But industrialization has also contributed to a growing world population facing increased greenhouse gas emissions, with many people living in overcrowded, polluted cities. The challenge now is to meet an increasing demand for energy while also reducing greenhouse gas emissions and managing water and air pollution. The use of technology for improved energy efficiency coupled with a shift to lower or zero carbon energy sources will be crucial to addressing this challenge, the report says.

[ariane] 23/3/2018 09:59

DIVI Payment date March 26, 2018

[ariane] 23/3/2018 09:58

Shell gives green light to first big North Sea project in 6 years
Oil group’s redevelopment of Penguins field with Exxon expected to cost more than $1bn

Andrew Ward, Energy Editor January 15, 2018
1

Royal Dutch Shell has approved its first significant development in the North Sea in more than six years, in a sign that big energy companies are still on the hunt for opportunities in one of the world’s most mature oil and gas basins.

Shell said it would redevelop the Penguins field north-east of the Shetland Islands, together with its partner ExxonMobil, in a project expected to cost more than $1bn.

The decision marks one of the biggest investments in the North Sea since oil prices crashed in 2014 and will increase confidence that the UK oil and gas industry is gradually recovering after a brutal downturn.

Last year, Shell sold more than half its UK production base to Chrysaor, a private equity-backed company, in a deal that reinforced perceptions that the biggest oil and gas producers were retreating from the North Sea.

However, the group has stressed commitment to its remaining UK portfolio and said on Monday that it was aiming to increase its North Sea production in coming years.

“Penguins demonstrates the importance of Shell’s North Sea assets to the company’s upstream portfolio,” said Andy Brown, head of exploration and production for Shell.

Redevelopment of Penguins will involve construction of a floating production, storage and offloading vessel (FPSO) with capacity for peak output of about 45,000 barrels of oil and oil equivalent per day.

Shell, which operates Penguins in a 50-50 partnership with Exxon, said it would be the first new manned installation in the northern North Sea for almost 30 years.

Production from Penguins is routed via Shell’s nearby Brent Charlie platform but the field needs its own new infrastructure to keep oil flowing into the 2020s because the 40-year-old Brent field is in the process of being decommissioned.

There had been fears after the 2014 oil price crash that younger North Sea fields such as Penguins, first developed in 2002, and remaining untapped resources would be left stranded as oil companies decommissioned old platforms and pipelines.

But sharp cost cuts of up to 40 per cent over the past three years have improved the region’s competitiveness and eased concern about the risk of precipitous decline.
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Shell said oil from the redeveloped Penguins field would have a break-even point below $40 a barrel. Brent crude, the international benchmark, is currently trading around three-year highs close to $70 a barrel.

Recovery in oil prices is increasing cash flows for Shell and its peers after a long period of financial pain. This is spurring gradual recovery in investment in exploration and production, although the mood in the industry remains cautious.

Andy Samuel, chief executive of the Oil and Gas Authority, which regulates the UK industry, said he expected “further high value projects to move forward . . . this year, which will help prolong UK production for many years”.

[waldron] 23/3/2018 08:22

BP
462 -0.28%



Shell A
2,202.5 -0.07%


Shell B
2,244 -0.27%



Total
46.01 -0.53%

[la forge] 23/3/2018 07:27

23 March 2018
News
M&As this week: Royal Dutch Shell, Total
Share

Royal Dutch Shell has signed an agreement to divest its New Zealand upstream business to OMV for NZ$794m ($578m).

The businesses that are part of Shell’s New Zealand upstream business include Shell Exploration NZ Limited (SENZL), Taranaki Offshore Petroleum Company Of New Zealand (TOPCO), and Energy Petroleum Taranaki Limited (EPTL). It also includes Energy Petroleum Holdings Limited (EPHL), Shell Taranaki Ltd, Energy Infrastructure Ltd (EIL), Shell New Zealand (2011) Limited, and Energy Petroleum Investments Limited (EPIL).

The NZ upstream business include the Maui and Pohokura offshore fields, as well as tank farms located in Taranaki, New Zealand.

The Maui gas field is located 35km offshore Taranaki coast in water depths of 110m (363ft), while the Pohokura gas field lies in the Taranaki Basin in water depths ranging between 35m (114ft) and 50m (164ft).

Royal Dutch Shell is an integrated energy company based in the Netherlands, while OMV is an Austrian oil and gas company.

The transaction is expected to strengthen OMV’s business operations in New Zealand.
“The transaction will enable Total to strengthen its asset base in Algeria and the US Gulf of Mexico.”

Total has completed the acquisition of Maersk Oil from Denmark-based integrated transport and logistics company, AP Moller and Maersk.

The acquisition also includes the assumption of Maersk Oil’s debt amounting to $2.5bn.

Total will issue 97.5 million shares worth $4.95bn to AP Moller-Maersk, representing 3.7% of the former’s capital.

Based in France, Total is an exploration and production company, while Maersk Oil is an oil and gas company based in Denmark.

The transaction will enable Total to strengthen its asset base in Algeria and the US Gulf of Mexico.

[waldron] 22/3/2018 17:03

BP
463.3 -1.99%



Shell A
2,204 -0.56%



Shell B
2,250 -0.44%


Total
46.255 -0.64%

[waldron] 22/3/2018 15:32

Shell A
2,200 -0.74%



Shell B
2,240.5 -0.86%

[sarkasm] 22/3/2018 10:58

Royal Dutch Shell Plc 0.5% Potential Decrease Indicated by Citigroup

Posted by: Amilia Stone 22nd March 2018

Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘SELL’ this morning by analysts at Citigroup. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Citigroup have set a target price of 2200 GBX on its stock

[waldron] 22/3/2018 08:25

BP
469.75 -0.62%



Shell A
2,215 -0.07%



Shell B
2,255.5 -0.20%


Total
46.42 -0.29%

[fenners66] 21/3/2018 22:54

I added some more today.

[waldron] 21/3/2018 18:07

BP
472.7 +1.90%



Shell A
2,216.5 +0.82%



Shell B
2,260 +1.37%



Total
46.555 +0.69%

[waldron] 21/3/2018 12:51

Analyst sees 25% upside for Shell shares
07:07 21 Mar 2018
“Shell’s updated targets point to continued growth in downstream earnings and cash flow out to 2025, and this is particularly important as the downstream should be able to fund around 40% of Shell’s dividend by 2020"
Shell petrol pump
RBC has a 2,800p price target

Royal Bank of Canada analyst Biraj Borkhataria reckons Royal Dutch Shell PLC (LON:RDSB) shares could rise around 25%.

The analyst, in a note, highlighted that Shell has upgraded its own expectations with earnings growth seen across all key business lines in its downstream unit.
READ: Shell boss Van Beurden boasts of “strong financial performance”

Shell has detailed that it is targeting between US$6bn and US$7bn of organic free cash flow by 2020, and up to US$9bn and US$12bn by 2025.

Borkhataria said: “Shell’s updated targets point to continued growth in downstream earnings and cash flow out to 2025, and this is particularly important as the downstream should be able to fund around 40% of Shell’s dividend by 2020.

“Shell’s Chemicals plans have been well laid out and targets appear credible to us, while we are more sceptical on Shell’s plans in retail, as the market is fiercely competitive and the ongoing threat of EVs could put some of that earnings stream at risk.

“The message today is positive, as are the implications for Shell’s dividend per share over time is the company can deliver on its 2020 and 2025 plans.”

RBC has an ‘outperform217; rating for Shell with a price target of 2,800p (current price: 2,230p).

[waldron] 21/3/2018 10:07

BP
460.7 -0.69%




Shell A
2,185.5 -0.59%



Shell B
2,217 -0.56%




Total
46.075 -0.35%

[waldron] 21/3/2018 08:39

BP
463.65 -0.05%



Shell A
2,209 +0.48%



Shell B
2,241.5 +0.54%


Total
46.355 +0.26%

[waldron] 21/3/2018 08:16

Royal Dutch Shell PLC (RDSA.LN) said Wednesday that its transforming downstream business is driving a profitable growth outlook for the company, forecasting that organic free-cash-flow in the division will be in a range of between $6 billion and $7 billion by 2020.

The oil company also said it forecast free-cash-flow in its downstream business--which deals with the refining and processing of hydrocarbons before selling the resultant products--of between $9 billion and $12 billion by 2025, at a price of $60 a barrel.

The company said earnings from its chemicals division is expected to reach from $3.5 billion to $4 billion a year by 2025, while Shell's marketing arm plans to generate more than $2.5 billion in additional earnings by the same year.



Write to Oliver Griffin at [e-mail]



(END) Dow Jones Newswires

March 21, 2018 03:50 ET (07:50 GMT)