Shell Share Discussion Threads

[fjgooner] 23/1/2018 20:35

I love this stock. It's not just the huge dividends or the increases in value that delight.

It's the sheer visibility of what's about to occur. In vanishingly few other investment opportunities does such clarity shine through. Several times a week we benefit from financial calendar updates from the various energy market bodies.

Every day we can enjoy the prevailing spot and future price of Brent, WTI and LNG.

The latter, LNG, is currently surging up nearly 11% just today alone as the Chinese market soaks up global demand as coal-fired generators are retired.

We all know we're set for a great 2017Q4 at a Brent average price of approx $62 - albeit tempered by a one-off Trump tax that will be more than offset in the periods to come thereafter.

We can all see that 2018Q1 is bounding along with Brent prices over $70 and averaging in the very high 60's thus far.

Happy days.

FJ
:)

[the white house] 23/1/2018 15:56

David Brent @ 70

[pvi1] 23/1/2018 15:12

Looking forward to quarterly results. They should be fantastic

[imperial3] 23/1/2018 10:43

Great for income seekers.

[abbotslynn] 22/1/2018 20:43

Can't help putting on the pounds £££;£

[fjgooner] 22/1/2018 00:08

Opec, Russia signal oil cuts may endure past 2018

January 21 2018 10:28 PM


Bloomberg/London/Kuwait

Opec and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signalled they’re ready to co-operate beyond that.

Producers should keep cutting output until the end of the year as the oil market may re-balance at the end of the year or in 2019, Saudi Arabia Energy Minister Khalid al-Falih told a news conference in Muscat, Oman. The oil market still isn’t fully re-balanced, though the ministers from Opec and allied producers agreed yesterday in Muscat that their output-cuts agreement is working, Russian Energy Minister Alexander Novak said at the conference.

“As we approach the re-balancing by the end of 2018, we need to extend the framework but not necessarily in the production levels,” al-Falih said in a joint interview with his Russian counterpart on Bloomberg television. With a third of the surplus in global crude inventories still to be cleared, oil ministers agreed to co-operate beyond the end of this year, without deciding on a mechanism for this cooperation, he said.

Ministers from the Organisation of Petroleum Exporting Countries including Saudi Arabia met with counterparts from Russia and Oman in Muscat to assess compliance with the cuts accord expiring at the end of the year. Saudi Arabia and Russia are leading the effort to trim production to drain stockpiles and prop up prices. While benchmark Brent crude has gained 2.6% this month, US oil output is set for strong growth this year as prices rally, the International Energy Agency said on Friday.

Russia agreed to continue co-operation with Opec, even without cutting output, if that helps to support the market, Novak said in the interview. Ministers will need to see how the market develops before deciding if there’s a need to adjust caps on production, he told reporters earlier.

Al-Falih said that soft oil demand foreseen in the first half led the ministers to consider cutting for the full year. “We’re uncertain that the pace of inventory drawdown will continue in coming months,” he said. Excess oil inventories have declined by 220mn barrels from a level of 340mn barrels in early 2017, he said.
The ministers held a teleconference with counterparts from two countries – Iraq and Kazakhstan – which haven’t complied with the cuts, al-Falih said. While the Iraqi and Kazakh ministers said they face challenges, they expressed their commitment to improve their compliance, he said, adding that Iraq’s compliance has shown significant improvement. The compliance rate in 2018 will beat the 107% average in 2017, al-Falih said.

Opec and its allies see merit in maintaining their output limits into 2019, Oman Oil Minister Mohammed al-Rumhy told reporters before the monitoring committee’s meeting. UAE Energy Minister Suhail al-Mazrouei said in a speech that global inventories are 118mn barrels above their historical five-year average, and the positive trend in Opec’s compliance over the past five months will help to balance the market quickly.

[imperial3] 20/1/2018 11:37

They are busy bees.

[2hoggy] 19/1/2018 22:55

Whats next???

[waldron] 19/1/2018 17:19

Shell A
2,517 -0.12%



Shell B
2,560 -0.37%

PREMIUM REDUCED TO 43p

AND we have a slight slip back into the 2475 to 2575p albeit perhaps temporary

[waldron] 19/1/2018 13:31

1ST FEB SHOULD GIVE A POSITIVE IMPROVEMENT, A SURPLUS EVEN

[waldron] 19/1/2018 09:43

Shell A
2,506.5 -0.54%



Shell B
2,555.5 -0.54%

PREMIUM WIDENING BY THE DAY

49p, but will it go back to 100p

[abbotslynn] 18/1/2018 20:36

Can't get enough of shell shares,or the old badges.
Drive well go shell.

[waldron] 18/1/2018 15:58

Thursday 18 January 2018 3:54pm
Shell just made its first investment in blockchain with UK startup Applied Blockchain
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Lynsey Barber
I'm City A.M.'s award-winning technology editor, covering everything from happen [..] Show more
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F1 Grand Prix Of Australia
The blockchain race is on for many businesses (Source: Getty)

Shell has made its first investment in blockchain, the technology eliciting interest around the world because it underpins bitcoin, but which has far wider applications.

The oil giant has taken a minority stake in London startup Applied Blockchain to help it explore how the technology might be applied to its business.

The value of the investment has not been disclosed but was made alongside Calibrate Partners, a fintech investment firm.

Read more: A Wikipedia co-founder wants to put knowledge on the blockchain

Applied Blockchain is based in the Canary Wharf-based Level39 fintech accelerator and is developing distributed ledger and smart contracts technology.

It is already working with Sita, a telecoms company for the world's biggest airlines, to create a distributed drone registry and fellow fintech startup Babb to build a bank on the blockchain.

It's not the first time Shell has experimented with blockchain, partnering with rival BP and others in the oil industry to create a blockchain energy trading platform.

"Blockchain applications have huge potential to shake up how we do things in the energy industry from streamlining process, to simplifying how we work with our suppliers and serve our customers," said Shell chief technology officer for IT Johan Krebbers.

Read more: Brussels promises "soft touch" blockchain regulation

"Investing in Applied Blockchain is part of our commitment to use digitalisation to create value in our core business and develop new business models.”

According to analysts at Deloitte, the application of blockchain in the oil and gas industry "presents a particular compelling opportunity". It identified cross-border payments, record management, supply chain management and smart contracts as potential applications.

"A secure system that mitigates risk , increases transparency, provides an audit trail, and speeds up transactions at a significantly reduced cost may be appealing to oil and gas companies," analysts said.

[waldron] 17/1/2018 17:49

Shell A
2,523.5 -0.75%



Shell B
2,568.5 -0.81%

[waldron] 17/1/2018 16:55

Shell A
2,521.5 -0.83%



Shell B
2,566 -0.91%

The premium seems to have widened

would it be currency and or volume impacts

DownWARD trend still to be confirmed by end of week as to whether it has fallen into lower BOX

[the grumpy old men] 17/1/2018 09:38

Shell’s New Project Will Create Hundreds of Jobs
By Cristina Diaconu 17th January 2018 31 No comment

The oil giant Shell confirmed that its new North Sea project will be creating jobs for 300 to 400 people in the UK and will unlock 80 million barrels of oil. The majority of those jobs will be in the north-east of Scotland and will be in areas such as project delivery and subsea activity, according to Shell.

The project marks the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years and the company’s intention to reshape its portfolio. Steve Phimister, Shell Vice President for upstream, UK and Ireland, thinks that the redevelopment will give them and their 50/50 project partner ExxonMobil access to 80 million barrels of oil.
“This significant investment by Shell and ExxonMobil is further evidence of rising confidence in the future of the region and it will offer a significant boost to communities across the north-east of Scotland, along with boosting the wider Scottish economy,” said Scottish Energy Minister Paul Wheelhouse.

The investment decision on the Penguins field redevelopment represents “a vote of confidence from two major global operators in realising the significant remaining potential of an existing asset,” said Andy Samuel, Oil and Gas Authority Chief Executive.
The Penguins cluster was developed in 2002 and it produces via a subsea tieback to the Brent Charlie platform. This platform however, is getting old and it is expected to retire in a few years, so Shell will need another way of producing from Penguins.
The US firm Fluor will be the construction contractors for the floating production, storage, and offloading (FPSO) vessel, while Sevan Marine will be providing the technology and the technical support during the design phase of the circular FPSO.
An exact date for the project start-up is not known yet, but the FPSO should be delivered in the early 2020s.