Shell Share Discussion Threads

[waldron] 04/4/2018 08:13

Royal Dutch Shell PLC (RDSB.LN) said Wednesday that it has reached an agreement with the Palestine Investment Fund to sell its entire stake in the Gaza Marine license, offshore Palestine.

The oil-and-gas company said that the asset sale, completed through its affiliate BG Great Britain Limited, is part of its plan to simplify and improve the quality of its portfolio.

The company didn't disclose the value of the sale and said that the equity was transferred to the Palestine Investment Fund at the signing of the sale and purchase agreement.

Shell said that the divesting of the Gaza Marine license will also help it to concentrate its upstream operations where the company can be most competitive and build a world-class investment case.



Write to Oliver Griffin at [e-mail]



(END) Dow Jones Newswires

April 04, 2018 02:29 ET (06:29 GMT)

[waldron] 03/4/2018 17:37

Total
46.705 +1.25%

Cac 40 Index 5,152.12-0.3%


BP
479.5 +0.05%



Shell A
2,234 +0.02%

FTSE 100 7,030.46-0.4%



Shell B
2,271 -0.26%


Brent Crude Oil NYMEX 67.92 +0.62%
Gasoline NYMEX 1.98 +0.63%
Natural Gas NYMEX 2.70 +0.86%

[waldron] 03/4/2018 12:43

Total
46.815 +1.48%


Cac 40 Index 5,144.43-0.4%









BP
481.05 +0.38%



Shell A
2,247.5 +0.63%



Shell B
2,286 +0.40%


FTSE 100 7,041.78-0.2%


Brent Crude Oil NYMEX 67.76 +0.39%
Gasoline NYMEX 1.98 +0.47%
Natural Gas NYMEX 2.68 +0.07%

[waldron] 03/4/2018 08:46

Total
46.385 +0.55%


Cac 40 Index 5,145.54-0.4%



BP
477.15 -0.44%



Shell A
2,228 -0.25%

Brent Crude Oil NYMEX 68.00 +0.74%
Gasoline NYMEX 1.97 +0.36%
Natural Gas NYMEX 2.68 +0.19%



Shell B
2,272 -0.22%


FTSE 100 7,001.22-0.8%

[stephen2010] 03/4/2018 00:25

ALBA!!! One to watch but don't hang around. Potential 15 bagger. See link below

[the grumpy old men] 30/3/2018 10:38

Shell wins new exploration blocks in Brazil
Shell A (LSE: RDSA)
Intraday Chart of the Action

Today: Friday 30 March 2018
More charts of the Shell A Exchange


PARIS (Agefi-Dow Jones) - Oil Major Shell (RDSB.LN) announced Friday that its Brazilian subsidiary Shell Brasil Petroleo has won four new deepwater exploration blocks in the Campos and Potiguar basins in Brazil , bringing its offshore presence in Brazil to 18 blocks.


As part of the tender organized by the Brazilian government, Shell won a single block and three blocks where the group entered into a consortium with Chevron Brazil, Petrobras and Petrogal Brasil. "Of the four blocks acquired, Shell will operate two," said the company in a statement.


Shell will disburse $ 70 million (€ 56.82 million) for these four new blocks.


Globally, Shell plans to invest between $ 5 billion and $ 6 billion until 2020 in its deepwater exploration business, said the group, which also ensures that it is on track to release free cash flow. $ 6 billion to $ 7 billion annually by 2020, based on a $ 60 Brent price.




-Julien Marion, Agefi-Dow Jones; 01 41 27 47 94; [e-mail] ed: LBO




(END) Dow Jones Newswires


March 30, 2018 05:11 ET (09:11 GMT)

[waldron] 29/3/2018 17:40

Total
46.13 +0.64%

Cac 40 Index 5,167.30+0.7%



BP
479.25 +1.67%



Shell A
2,233.5 +0.09%


FTSE 100 7,056.61+0.2%



Shell B
2,277 -0.35%


Brent Crude Oil NYMEX 69.04 -0.03%
Gasoline NYMEX 2.03 +0.26%
Natural Gas NYMEX 2.74 +1.41%

[waldron] 29/3/2018 12:36

Total
46.01 +0.38%

Cac 40 Index 5,158.44+0.6%



BP
478.95 +1.60%



Shell A
2,245.5 +0.63

Shell B
2,289.5 +0.20%


FTSE 100 7,072.49+0.4%



Brent Crude Oil NYMEX 68.41 -0.94%
Gasoline NYMEX 2.01 -0.62%
Natural Gas NYMEX 2.74 +1.33%

[sarkasm] 29/3/2018 11:47

LONDON-- Royal Dutch Shell PLC is on a spree of small but strategic acquisitions in an area oil companies have long avoided: the power sector.

In the past few months, the British-Dutch oil giant bought a utility, an electric-car charging business and a stake in a solar-power company, part of a broader long-term plan to marry its huge natural-gas output with a futuristic utility business.

Shell is making a bet it can profit from changes to the power market as renewables begin to play a bigger role, combining its large energy-trading division and massive natural-gas supply--the world's largest from a non-state-backed company--to fill gaps when the sun doesn't shine or wind doesn't blow. Eventually, Shell said it could even compete with tech companies, crunching data about how and when customers use electricity to give them a better deal.

If all goes to plan over several decades, Shell said it would produce gas at the well, use it to produce electricity and then sell power to homes, businesses and electric-vehicle charging stations--a similar model to its oil-rig-to-gas-station petroleum business.

It "makes us future proof in a world where electricity becomes the biggest game in town," said Maarten Wetselaar, Shell's head of gas and new energies in a recent interview.

Shell last month bought a midsize U.K. power supplier, First Utility, for an undisclosed amount, giving it direct access to retail electricity consumers for the first time. Last year, the company bought one of Europe's biggest electric-vehicle charging companies, New Motion, also for an undisclosed sum.

The company is in a partnership with Ionity--a joint venture of large car manufacturers established to create a network of fast-charging points across Europe. In January, Shell announced plans to acquire a nearly 44% stake in U.S. solar company Silicon Ranch Corporation in a deal valued around $200 million.

Shell has said it plans to spend between $1 billion and $2 billion a year in what it calls its "New Energies" division through 2020--more than many other large oil companies are setting aside for renewables and electricity generation. The company is building wind farms off Europe's coast and has said future investments could also include gas-fired power plants.

The moves reflect Shell's need to find an outlet for its prodigious natural gas output, which grew with the company's roughly $50 billion acquisition of BG Group in 2016.

They also show how Shell and other large oil companies are anticipating shifts in how people consume energy, as many governments try to reduce fossil-fuel consumption under the 2015 United Nations' Paris agreement to fight climate change. Whether oil demand will level off in the coming decades is up for debate, while electricity consumption is widely expected to increase.

By 2050, power consumption is expected to outstrip demand for Shell's core business of oil and gas, said Mr. Wetselaar. The company's most recent of several potential scenarios, published Monday, foresees a world in which demand for oil and gas peaks in the next 50 years, driven by successful efforts to meet global climate goals. Reliance on electricity, by contrast, is expected grow from around 20% of energy consumption to closer to 50% by midcentury.

"To be an energy major by then, we'd better play in that sector," Mr. Wetselaar said of electricity.

Total SA--another early mover on electricity--is looking to build a retail power business in France. The French company also said it would consider investments in gas-fired power stations around the world to lock in a market for its growing gas production and has bought a battery company. British rival BP PLC has also said it would consider investments in gas power plants, though it has held back from setting ambitions to compete as a utility.

The challenge is selling electricity profitably. The oil industry has already lost billions of dollars in previous efforts to move into renewables. Shell made early and unprofitable moves into offshore wind and solar that prompted a yearslong retreat from those sectors. Meanwhile, oil companies have tended to avoid the highly regulated, localized and lower-return business of producing and selling electricity.

"The clean energy sector is a very difficult subject for the majors," said Valentina Kretzschmar, a director at Edinburgh-based consultancy Wood Mackenzie. "Anything on the renewables side--including power--has much more inferior returns on investment than what the companies can get from their oil and gas projects."

Shell is proceeding with caution, putting a fraction of its $25 billion to $30 billion capital spending budget into its new energies business. It will remain an oil-and-gas producer first for decades.

Shell's acquisition of First Utility gives it a customer base of 825,000 homes across the U.K. and Germany. Meanwhile, New Motion gives it more than 30,000 private home electric-vehicle charging points and over 50,000 public sites across Europe. Together with Ionity, Shell plans to install 500 high-speed charging points across 10 European countries in the next two years.

It is a long-term bet that the number of electric vehicles on the road will rise in Europe, encouraged by moves in France, the U.K. and others to eventually ban the combustion engine.

"There's a tipping point that's not that far out," Mr. Wetselaar said.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

March 29, 2018 05:44 ET (09:44 GMT)

[waldron] 29/3/2018 09:09

Total
45.76 -0.16%

Cac 40 Index 5,143.67+0.3%


BP
471.95 +0.12%



Shell A
2,232.5 +0.04%


Shell B
2,280 -0.22%


FTSE 100 7,053.99+0.1%


Brent Crude Oil NYMEX 68.90 -0.23%
Gasoline NYMEX 2.02 -0.18%
Natural Gas NYMEX 2.74 +1.26%

[waldron] 28/3/2018 17:46

From Mars to VenusRoyal Dutch Shell and Total flirt with becoming utilities

It looks like shrinkage. But small starts may mask big ambitions
Print edition | Business
Mar 28th 2018

IN AMERICA Big Oil remembers BP’s attempt to go “Beyond Petroleum” in the 2000s as a toe-curling embarrassment. In Europe it is seen as being ahead of its time. Once again the oil industry is experimenting with cross-dressing. Statoil, a Norwegian oil firm, is abandoning a name given to it almost 50 years ago to become the wispier Equinor. The firm formerly known as Dong, for Danish Oil and Natural Gas, is now Ørsted, a big wind firm named after the founder of electromagnetism.

Royal Dutch Shell and Total, Europe’s biggest private producers, are (mercifully) not changing their names. But they are toying with a strategy that could be far more adventurous—moving their core businesses from hydrocarbons to electrons.
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Amid pressure to limit climate change, and the growth of renewable energy and electric vehicles (EVs), they expect low-carbon electricity to become a much bigger part of the world’s energy mix within the next few decades. They have already invested heavily in building global natural-gas businesses for cleaner power generation. Now they plan to take on utilities in deregulated markets to provide electricity and gas direct to homes and businesses.

Last month Shell completed the acquisition of First Utility, a midsized British gas and electricity supplier that already operates under the Shell brand in Germany. The Anglo-Dutch firm plans to make a similar move in Australia. Late last year Total launched the supply of gas and green power to households in France, through its Total Spring brand. Both have invested in renewable energy and are installing EV charging points in their networks of petrol stations. “We don’t see how we can be an energy major if we don’t become a significant player in electricity,” says Maarten Wetselaar, head of gas and new energies at Shell. A Total executive says: “Why should we limit ourselves to selling gas to a utility when we can sell to end-customers?”

At first glance the shift could be considered a shrinking of horizons. These firms are global beasts with vast balance-sheets. Customer-facing utilities are minnows by comparison. Centrica, the biggest of Britain’s Big Six, is worth £7.6bn ($10.8bn), compared with Shell’s market value of £190bn. They often operate in only one or two national markets, each a regulatory minefield. Bill-paying customers tend to loathe them far more than they do the purveyors of petrol and pain aux raisins.

Power-generating utilities have also performed poorly in recent years compared with their oil and gas counterparts. They piled on debts before the 2007-08 financial crisis and were then hit by the rise of wind and solar, which drove down wholesale electricity prices. Peter Atherton, of Cornwall Insight, a consultancy, says that whereas supermajors aim for returns on capital on big oil and gas developments of 15%, renewables provide returns of 7-9%. In Britain, the energy retailers aim for profit margins of 4-5%.

Yet Jake Leslie Melville of BCG, a consultancy, says the oil companies are right to “test the waters” in electricity. For instance, Shell’s acquisition of First Utility, reportedly for $200m, may be deemed expensive considering the latter’s 850,000 household customers. But as a way of exploring whether Shell’s prowess in natural-gas supply and energy trading can be extended to providing services to millions of customers, some of whom will increasingly generate their own electricity, it may be a small price to pay—especially for a company that invests at least $25bn a year.

Moreover, small beginnings may mask big ambitions. Mr Wetselaar says his aim is to generate electricity returns of 8-12%, which he thinks is feasible because Shell, with its energy-trading experience, can profit from the heightened volatility of power markets in the era of renewables and EVs, as well as from more flexible demand from consumers. To become material to Shell, the electricity business would need to grow to $50bn-100bn, on a par with the size of its current gas business, he says. Scott Flavell of Sia Partners, a consultancy, mulls whether, having acquired BG, an upstream producer once owned by British Gas, Shell might covet Centrica, owner of the downstream part of British Gas.

There are reasons for caution. Julian Critchlow of Bain, a consultancy, compares the risks facing the oil industry with those of Eastman Kodak when its business was ruined by digital photography and photo-sharing. It is clear that increased electrification is bound eventually to cause upheaval. “The challenge, as with Kodak, is whether you can spot where the returns will be.” Another risk is that technology firms may move into the domestic electricity market, making use of smart meters and digital devices, which would provide more alternatives to traditional energy suppliers. Yet if other oil and gas producers are not following in Shell and Total’s tentative footsteps, they probably should be. It is time to plug in.


This article appeared in the Business section of the print edition under the headline "From Mars to Venus"

[waldron] 28/3/2018 17:17

Total
45.835 -0.55%

Cac 40 Index 5,130.44+0.3%



BP
471.4 -0.83%



Shell A
2,231.5 -1.26%



Shell B
2,285 -0.95%


FTSE 100 7,044.74+0.6%


Brent Crude Oil NYMEX 68.04 -1.18%
Gasoline NYMEX 2.00 -0.62%
Natural Gas NYMEX 2.71 -0.41%

[waldron] 28/3/2018 12:58

Total
45.66 -0.93%


Cac 40 Index 5,071.78-0.9%



BP
469.4 -1.25%



Shell A
2,230.5 -1.31%






Shell B
2,277 -1.30



FTSE 100 6,990.92-0.1%



Brent Crude Oil NYMEX 69.24 +0.57%
Gasoline NYMEX 2.02 +0.45%
Natural Gas NYMEX 2.70 -0.52%

[waldron] 28/3/2018 12:53

Royal Dutch Shell Plc 26.5% Potential Upside Indicated by Morgan Stanley

Posted by: Amilia Stone 28th 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 ‘OVERWEIGHT217; today by analysts at Morgan Stanley. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Morgan Stanley have set their target price at 2830 GBX on its stock

[waldron] 28/3/2018 08:30

Total
45.79 -0.65%


Cac 40 Index 5,078.37-0.7%




BP
471.8 -0.75%



Shell A
2,241 -0.84%



Shell B
2,286.5 -0.89%


FTSE 100 6,949.14-0.7%


Brent Crude Oil NYMEX 69.02 +0.25%
Gasoline NYMEX 2.02 +0.12%
Natural Gas NYMEX 2.71 -0.07%

[sarkasm] 27/3/2018 18:15

Global LNG market avoids 'glut,' now supply crunch nears: HSBC

London (Platts)--27 Mar 2018 1050 am EDT/1450 GMT

The global LNG market has avoided a supply "glut" thanks to strong Asian demand, but the dearth of new project approvals is set to lead to a supply crunch around 2022-23, analysts at HSBC said in a report published Tuesday.

* Report backs Shell view of LNG market balance

* Lack of supply FIDs to trigger shock in 2022-23

* Suggests new financing flexibility for projects

HSBC backs the standpoint of Shell, which last year defied most industry commentators by dismissing the perception of an oversupplied global LNG market.

Shell last month said it expected the growing LNG supply to be "comfortably" absorbed by rising demand, but also warned of a supply crunch "in the early 2020s."

The startup of a slew of new LNG projects in the US, Australia and Russia was expected to result in a global supply glut since around 2016, with excess LNG cargoes forecast to end up in the liquid European markets of last resort.

But that wave has yet to materialize, and increasingly market observers are forecasting that demand will keep up with supply in the coming years.

HSBC's report -- "The glut abates, the crunch awaits" -- said there were reasons to believe the global LNG market would be well supplied, rather than oversupplied, to 2021-22.

"That's partly a reflection of seasonality -- the market may be oversupplied in summer, but undersupplied in winter," HSBC said.

This was a view also put forward last month by Pablo Galante Escobar, the head of LNG at trading house Vitol, who said the global LNG market was likely to see more notable swings in price between the winter and summer months as demand in countries such as China falls off in the summer and strengthens in the winter.

"Seasonality will be much more accentuated -- we expect to see weaker summers and stronger winters," Escobar said.

DEMAND GROWTH

HSBC said it expects global LNG demand to grow at 4.5%/year, translating into demand growth of 50% by 2025, with consumption reaching some 425 million mt/year from last year's level of some 280 million mt.

Other forecasters have predicted stronger demand growth in the near term, with consultancy Bloomberg New Energy Finance last week saying global LNG demand was set to rise by 7.2% to 305 million mt in 2018 driven by increased imports in Asia and Europe.

The 305 million mt figure also tallies with S&P Global Platts Analytics' own forecast of global LNG demand for 2018.

Global LNG imports in the first two months of 2018 are already up 5 million mt year on year at some 54.3 million mt, according to S&P Global Platts Analytics data.

BNEF, meanwhile, said demand growth this year would be slower than in 2017 when consumption increased by 9.6%, with growth set to slow to 2022.

Nonetheless, the solid outlook for LNG demand, HSBC said, is underpinned by multiple factors including GDP growth, supportive government policy and climate and environmental concerns.

"Asia dominates demand growth to 2025, followed by Europe after 2025. By the mid to late 2020s we expect China to become the world's largest LNG importer, ahead of Japan," it said.

China was the surprise to the upside in 2017, with its LNG imports rising by more than 45% year on year.

SUPPLY CRUNCH

HSBC said it believes the industry has run out of time to avert a crunch in the 2022-23 to 2025 period.

"Our view is that supply is not going to be able to meet this strong demand growth -- indeed we think a crunch is looming," HSBC said.

The market could become tight by 2022-23 as supply flat-lines -- a result of new project approvals having stalled for over two years -- while demand continues to grow.

It said its view was supported by strong emerging markets gas demand, the winter demand seasonality pulling up prices in the northern hemisphere winter and "inevitable disappointments" on the supply side, such as start-up delays.

It also pointed to upside risks to prices in Europe -- and global LNG by knock-on effect -- from transit issues of Russian gas through Ukraine around the end of 2019 and early 2020.

Gazprom's transit deal with Ukraine's Naftogaz expires at the end of 2019, although the Russian gas giant is looking to terminate the deal even earlier after the Stockholm arbitration court ruled against it.

All of these issues, HSBC said, are being "exacerbated by the reluctance of some buyers to sign the long-term contracts which are needed for project financing."

"We believe it is already too late to avoid a pending supply crunch given long project lead times," it said.

HSBC suggested the easiest solution to get FIDs moving again would be for project operators to reduce their project sizes to lower the barrier for investment.

Other options include: launching projects with lower sales coverage (50% or less); borrowing from banks based on spot indices such as the S&P Global Platts JKM benchmark; using creative financing, e.g. from project bonds or contractors; and having trading houses bridge the gap between buyers and sellers.

--Stuart Elliott, [e-mail]

--Edited by Jonathan Dart, [e-mail]

[waldron] 27/3/2018 17:10

BP
475.35 +1.24%



Shell A
2,260 +2.31%



Shell B
2,307 +2.26%



Total
46.09 +0.41%

[waldron] 27/3/2018 11:31

BP
477 +1.59%



Shell A
2,266.5 +2.60%


Shell B
2,316.5 +2.68%

Total
46.31 +0.89%

SOME LUCKY PEOPLE BOUGHT SHELL YESTERDAY WITH THEIR DIVI PAY

[waldron] 27/3/2018 08:27

BP
474.65 +1.09%



Shell A
2,243 +1.54%



Shell B
2,290 +1.51%



Total
46.325 +0.93%

[sarkasm] 26/3/2018 17:39

Royal Dutch Shell Advance notice of Q1 2018 results announcement
26/03/2018 1:55pm
UK Regulatory (RNS & others)


TIDMRDSA TIDMRDSB

ROYAL DUTCH SHELL PLC

Notice of Results

The Hague, March 26th 2018 - On Thursday, April 26th at 07.00 BST (08.00 CEST
and 02.00 EDT) Royal Dutch Shell plc will release its first quarter results and
first quarter interim dividend announcement for 2018.

[waldron] 26/3/2018 17:32

BP
469.55 +1.54%



Shell A
2,209 +0.45%



Shell B
2,256 +0.33%



Total
45.9 +0.21%

[waldron] 26/3/2018 16:29

Shell Says Saving Planet Probably Means Sucking CO2 From the Air
By Kelly Gilblom
26 mars 2018 à 16:29 UTC+2

Net carbon emissions must be below zero for 2 degree scenario
Carbon capture, storage technology currently isn’t economic

Cutting emissions won’t be enough to keep the planet from warming by more than 2 degrees Celsius: to achieve that goal, according to Royal Dutch Shell Plc, will require sucking carbon dioxide out of the atmosphere.

[waldron] 26/3/2018 16:21

Manila street scene for story saying Shell and BP summoned to world-first climate change hearing today
Shell and BP summoned to world-first climate change hearing today

News / 26 March 2018

The world’s first national inquiry into the human rights impacts of climate change takes a crucial leap forward today, as the Philippines’ Commission on Human Rights hears evidence at a two-day hearing in Manila.

ExxonMobil, Shell, BP and 44 of the world’s biggest producers of fossil fuel products have been summoned by the Commission to answer charges of endangering people’s lives and livelihoods by knowingly contributing to dangerous climate change.

ClientEarth lawyer Sam Hunter Jones said: “This is a huge moment in the fight to make fossil fuel producers pay their fair share of climate change costs. These companies have made life increasingly dangerous for the people of the Philippines and around the world, and there is mounting evidence that they have known the risks of their activities for at least the past 50 years.”

“Climate change threatens human rights, including people’s rights to life, food, water, sanitation, housing and health. Climate change must be viewed through this lens, and the Philippines investigation promises to set an important global precedent. We call on these multinationals to participate fully in the hearing and hope that the Commission will find that governments and companies must act now to protect people from extreme weather and rising seas.”

The complaint was originally made by Greenpeace Southeast Asia, along with 13 other NGOs and 18 individuals. They claim the companies knew about the devastating impact of their business but did not cut emissions to protect people.

Hunter Jones added: “It is now time for the world’s biggest producers of fossil fuel products to explain how they will lend their weight to the most important challenge of our time.”