Shell Share Discussion Threads

[maywillow] 22/10/2018 09:38

Monday 22 October 2018 9:24am
BP and Shell get green light for North Sea joint venture, drilling for 20m barrels of oil
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Joe Curtis
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BP Filling Station Signage
The Alligin approval is BP's second go-ahead to drill for oil in two months (Source: Getty)

BP and Shell received approval for their 50-50 joint Shetland venture today, which they predict could produce 20m barrels of oil.

The Alligin oil field in the North Sea should produce 12,000 barrels of oil per day at its peak once it comes on stream in 2020, the oil giants said.

Read more: BP wins approval for North Sea project to produce 30m oil barrels

Ariel Flores, BP's North Sea regional president, said: “We announced our intention to develop Alligin in April and six months later we have achieved regulatory approval. Always maintaining our focus on safety, we are modernising and transforming how we work in the North Sea to fully realise the potential of our portfolio.

“Alligin is part of our advantaged oil story, rescuing stranded reserves and tying them back into existing infrastructure. Developments like this have shorter project cycles, allowing us to bring on new production quicker. These subsea tiebacks complement our major startups and underpin BP’s commitment to the North Sea.”

The fast-tracked development, 140km west of Shetland, was approved by the Oil and Gas Authority (OGA), and will use new subsea infrastructure including gas lift and water injection pipeline systems, with Deepsea Aberdeen’s rig drilling the pair of wells.

Read more: Oil prices fall after US crude inventories boosted by six million barrels

It is BP’s second approval for North Sea drilling in the last two months, after it received regulatory approval for its Vorlich oil field in September, where it hopes to fill 30m barrels of oil.

Meanwhile, its development at its Clair Ridge field is expected to begin later this year, targeting 640m​ barrels of oil and 120,000 barrels of oil a day.

Brenda Wyllie, west of Shetland and northern North Sea area manager for the OGA, said BP and Shell’s Alligin field will benefit from storing oil in its recently built Glen Lyon ship, which can store and offload oil

“[It] is a good example of the competitive advantage available to operators from the extensive infrastructure installed in the UK continental shelf,” she added.

[waldron] 19/10/2018 17:18

CHUCKLE

3400P

2002 CHRISTMAS

NEST PAS

[fjgooner] 19/10/2018 17:14

FJGooner -- 19/10 -- Reiterates -- Outperform -- 3,400.00p

:)

[fjgooner] 19/10/2018 17:13

Broker -- Date -- Rating -- Previous assessment -- Latest assessment -- Latest target price

RBC Capital Markets -- 18/10 -- Reiterates -- Outperform -- 3,200.00p
JP Morgan Cazenove -- 17/10 -- Reiterates -- Overweight -- 3,250.00p

[waldron] 19/10/2018 17:06

Total
52.83 +0.06%


Engie
11.735 +0.47%

Orange
14.05 +0.72%


FTSE 100
7,049.8 +0.32%
Dow Jones
25,455.4 +0.30%
CAC 40
5,084.66 -0.63%




Brent Crude Oil NYMEX 80.36 +1.32%
Gasoline NYMEX 1.92 +1.64%
Natural Gas NYMEX 3.22 -0.12%



BP
557.5 +0.54%



Shell A
2,521 +1.33%


Shell B
2,569 +1.46%

[steve73] 19/10/2018 15:30

RDS are positioning them selves nicely for this...



But note that the ban doesn't include hybrids, and there'll still be plenty of older ICE vehicles around.

[2hoggy] 18/10/2018 20:06

They can stuff their smart meters up the proverbial even though I own their shares,its just another way to control what we do and for them to make us pay more for energy and tax us on it..

Open your eyes brothers to the states control...

[waldron] 18/10/2018 13:47

waldron
16 Aug '18 - 14:34 - 3451 of 3480 Edit
0 4 0
Should be fun to chalk it up BOX BY BOX

2375 to 2475p
2475 2575p end august 2018
2575 2675 end october 2018 $$$$$$$$$$WE ARE HERE TODAY$$$$$$$$$$$$$$$$$$$
2675 2775 end december 2018
2775
2875
2975 to 3075p xmas 2019
3075
3175
3275
3375 to 3475p xmas 2020

A SLOW CRAWL TO FJGOOONERS DREAM TARGET PRICE OF 3400p which may well be changed if convincingly surpassed before CHRISTMAS 2020

[montyhedge] 18/10/2018 12:35

Lol good luck with that prediction.

[fjgooner] 18/10/2018 11:53

Whenever that loser of a shorter Montyhedge turns up on a stock you know that things are about to look up. So happy days.

£30 by Christmas locked and loaded.

[adrian j boris] 18/10/2018 11:12

Markets

Posted by: Charlotte Edwards 18th October 2018

Royal Dutch Shell Plc Class B using EPIC/TICKER code (LON:RDSB) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; today by analysts at RBC Capital Markets. Royal Dutch Shell Plc Class B are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set a target price of 3200 GBX on its stock.

[adrian j boris] 18/10/2018 11:10

Brent Crude Oil NYMEX 79.29 -1.27%

[montyhedge] 18/10/2018 10:53

Oil one month low, Brent going to 65 dollars.

[waldron] 17/10/2018 17:05

Total
53.46 -0.67%


Engie
11.75 -0.68%

Orange
13.795 +0.69%

FTSE 100
7,054.6 -0.07%
Dow Jones
25,624.15 -0.68%
CAC 40
5,144.95 -0.54%


Brent Crude Oil NYMEX 79.92 -2.07%
Gasoline NYMEX 1.92 -3.08%
Natural Gas NYMEX 3.26 +0.31%



BP
558.3 -0.32%


Shell A
2,495 -0.40%


Shell B
2,549 +0.14%

[sarkasm] 17/10/2018 15:14

Shell Agrees To $1.9 Billion Sale Of Upstream Denmark Assets
Wednesday, October 17, 2018 - 8:55am

Royal Dutch Shell Plc (NYSE: RDS.A) said Oct. 17 it will sell upstream interests in Denmark for $1.9 billion as part of the oil major’s larger divestment program.

Shell, through its affiliate Shell Overseas Holdings Ltd., reached an agreement with Oslo-listed Norwegian Energy Co. ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU).

SOGU is a wholly-owned Shell subsidiary that holds a 36.8% nonoperating interest in the Danish Underground Consortium (DUC), a joint venture in the Danish North Sea. Other consortium members include Total SA (31.2 %), Chevron Corp. (12 %) and Nordsøfonden (20 %).

Andy Brown, Shell’s upstream director, said: “Today’s announcement is consistent with Shell’s strategy to simplify its portfolio through a $30 billion divestment program, and contributes to our goal of reshaping the company into a world-class investment case.”

DUC, which started production in 1972, currently operates 15 fields in the Central Graben sector of the North Sea. It covers nearly 90% of Danish oil and gas production, which averaged 182,000 barrels of oil equivalent per day (boe/d), according to Total (NYSE: TOT).

In late September, Chevron (NYSE: CVX) also agreed to sell its stake in DUC to French oil and gas major Total. The agreement followed Total’s acquisition earlier in the year of A.P. Møllers-Mærsk’s oil and gas activities, including the sole concession area and the role as operator in DUC.

The sale of Shell’s stake in the consortium represents production of some 67,000 boe/d in 2017. As part of the agreement, Noreco will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets.

The start-up of the Tyra gas field, located in the Danish North Sea, after redevelopment was approved by the DUC partners in December 2017 and planned for 2022. It will enable a production capacity of 60,000 boe/d, Total said Sept. 25.

Under the agreement with Noreco, Shell Trading and Supply and Shell Energy Europe Ltd. will continue to have oil and gas lifting rights from the SOGU assets for a period after completion.

Additionally, Shell will retain a downstream presence in Denmark following completion of the transaction through A/S Dansk Shell, which includes the Fredericia refinery.

[bmnsa] 17/10/2018 00:05

Great divi