Shell Share Discussion Threads

[xxxxxy] 25/10/2018 08:10

'Next, the market has started paying more attention to the demand side of the equation, as concerns creep into the market about an imminent slowdown in global oil demand growth due to the high oil prices and strong dollar that weigh on emerging markets’ oil import bills, and looming global economic growth slowdown amid trade wars and tariffs.'

[essentialinvestor] 25/10/2018 07:57

Cash generation is highly dependent on O&G prices,
worth keeping in mind.

[tornado12] 25/10/2018 06:21

Yes the market will turn down some more yet but I’m a long termer in shell looking to have a Divi income of at least 6 k per year. I like the company strategy, CEO and their cash generation is 2nd to non. If they drop enough then for sure will look to top up. In my mind the safest bet you can make in Ftse

[essentialinvestor] 24/10/2018 23:59

Would think lots of nicer prices tomorrow!,
if this market sell off continues.

[fjgooner] 24/10/2018 19:34

@EssentialInvestor Post 3733 - nice price, well taken. I shall send you down the shops next time! :)

-------



CNOOC and Shell ink MoU

Published by Callum O'Reilly, Editor
Hydrocarbon Engineering, Wednesday, 24 October 2018 14:17


China National Offshore Oil Corp. (CNOOC) and Shell International Petroleum Co. Ltd recently signed a Memorandum of Understanding (MoU) to explore their existing collaboration and the development of petrochemical manufacturing facilities at the Nanhai site in Huizhou, Guangdong province, China.

The objective is to establish a world-class integrated site that has scale and competitiveness.

The MoU was signed by CNOOC Chairman Yang Hua and Shell CEO Ben van Beurden, in the presence of Chinese Premier Li Keqiang and Dutch Prime Minister Mark Rutte.

“I am pleased that CNOOC and Shell have taken a step towards furthering our already-beneficial partnership at Nanhai,” said Graham van’t Hoff, Executive Vice President for Shell’s global chemicals business. “This news builds on the successful start-up of phase two of the site expansion in May and demonstrates the ongoing strategic importance of the site.”

In May 2018, CNOOC and Shell announced the official start-up of the second ethylene cracker at their Nanhai petrochemicals complex. The new ethylene cracker increased ethylene capacity at the complex by approximtaly 1.2 million tpy, more than doubling the capacity of the complex. The new facility will also include a styrene monomer and propylene oxide (SMPO) plant, which will be the largest in China when it begins operations.

[waldron] 24/10/2018 17:07

Total
50.64 -0.82%


Engie
11.585 -0.30%

Orange
13.805 +0.73%

FTSE 100
6,962.98 +0.11%
Dow Jones
24,937.74 -1.01%
CAC 40
4,953.09 -0.29%


Brent Crude Oil NYMEX 76.81 +0.88%
Gasoline NYMEX 1.84 +0.86%
Natural Gas NYMEX 3.21 -0.43%




BP
532.9 -0.06%


Shell A
2,418.5 -0.41%


Shell B
2,468 -0.58%


Seems a lovely buying opportunity

now slipped into the 2375 to 2475p BOX

all to be confirmed by close friday

[waldron] 24/10/2018 16:46

Royal Dutch Shell PLC (RDSB.LN) said Wednesday that new deep-water production is underway at P-69, a floating production storage and offloading installation in Brazil's Santos Basin.

Shell said the deepwater installation is operated by the Lula consortium, which includes its subsidiary Shell Brasil Petroleo Ltda., Petroleo Brasileiro SA (PBR)--Brazil's semi-public petroleum company--and Galp Energia SGPS S/A (GALP.LB), through its subsidiary Petrogal Brasil.

Operated by Petrobras, P-69 can produce up to 150,000 barrels of oil and 6 million cubic meters of gas each a day.

Shell has a 25% stake in the Lula consortium, while Petrobras and Galp hold 65% and 10% respectively.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

October 24, 2018 11:00 ET (15:00 GMT)

[essentialinvestor] 24/10/2018 16:20

Got some! @ 24.606.

[xxxxxy] 24/10/2018 16:04

US crude rises as decrease in gasoline supply offsets increase in oil inventories

Oil rose on Wednesday after hitting a two-month low as the focus returned to looming U.S. sanctions on oil exporter Iran, although concern about a weaker demand outlook weighed.

In a sign Iranian exports will drop further once the sanctions take effect on Nov. 4, two people with direct knowledge of the matter said two Chinese state-owned refiners were not planning to load Iranian oil for November.

etc

[essentialinvestor] 24/10/2018 15:19

I'm hoping that!! - although you can't always get what you want
as the song goes.

The older I get, the less I seem to get!.

[jon123] 24/10/2018 13:03

i think u'll get another chance to buy a bit lower i don't think the blood bath has finished yet

[fjgooner] 24/10/2018 12:52

Just squeaked my additional slab of RDSB in at 24.99 - annoyed to have missed the earlier lows but I was busy elsewhere.

Roll on the mid-terms.

FJ :)

[florenceorbis] 24/10/2018 12:33

24 October 2018
News
Shell joins GWEC to expand offshore wind power business
By Talal Husseini
Share

Oil and gas company Shell has joined the Global Wind Energy Council (GWEC), as the company looks to expand its renewable offshore wind power business as part of its Shell New Energies Strategies.

GWEC chief executive officer Ben Backwell said: “We are delighted to have Shell join GWEC’s board. Shell’s experience across energy markets in many geographies and deep knowledge of technology development and engineering will bring a valuable new perspective to our work in accelerating the growth of the wind industry across the world.”

Shell announced its decision to join the group at China Wind Power 2018, China’s largest energy show in Beijing, which attracts more than 20,000 people from the industry.

The company will join GWEC as a board-level member and will also be active in the council’s Offshore Taskforce, which aims to combine expertise from within the industry to expedite offshore wind developments across the world.

Shell vice-president for wind development Dorine Bosman said: “We are pleased to join GWEC and their Offshore Taskforce to help accelerate the development of offshore wind, an important part of Shell’s growing New Energies portfolio. We look forward to working with Ben and his team and the other GWEC members.”
Fostering offshore wind power worldwide

According to GWEC, the wind power industry is expected to grow from 538GW total installed capacity in 2017, to 841GW in 2022, representing an increase of 56.32%.

GWEC’s Offshore Taskforce has already attracted some big players in the industry, including Siemens Gamesa Renewable Energy (SGRE), Ørsted, and Iberdrola, as well as developers, investors, wind turbine manufacturers, and technical experts.

Its aims include advising government on offshore wind regulations; providing cost-benefit analysis on offshore wind deployment; fostering technological innovation to optimise wind farm equipment; and creating a forum for knowledge sharing across Europe and worldwide.

“Offshore wind has huge potential in many regions, as the world looks for competitive, zero carbon energy sources that can be deployed at scale and in relatively fast time frames,” said GWEC Global Offshore Wind Ambassador Henrik Stiesdal.

“However, the industry needs to find the most appropriate technologies for deploying offshore wind in different conditions – for example floating offshore wind in regions with deep water levels, and creating efficient supply chains across the globe.”

[waldron] 24/10/2018 09:26

Seems a lovely buying opportunity

now slipped into the 2375 to 2475p BOX

all to be confirmed by close friday

[waldron] 24/10/2018 09:24

Shell’s up next, and last, in $200bn Australia LNG bonanza

Written by Bloomberg - 24/10/2018 7:10 am

Shell news
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And then there was one.

Australia’s nine-year, $200 billion boom in liquefied natural gas still has a final debut in the works: Royal Dutch Shell Plc’s Prelude, floating 200 kilometers (124 miles) off its northwest coast. It’s the last project in that investment cycle to start production after Japan’s Inpex Corp. shipped its maiden cargo from Ichthys LNG on Monday.

Shell’s Prelude is among seven export projects in gas-rich Australia sanctioned since 2009 by global energy giants including Chevron Corp. and Exxon Mobil Corp., as well as regional big hitters such as Australia’s Woodside Petroleum Ltd. and Malaysia’s Petroleum Nasional Bhd. The Pacific nation now rivals Qatar as the world’s biggest seller of LNG, a form of natural gas super-chilled into a liquid that can be shipped on tankers.

The market might not have to wait long before Prelude gets in the game. It received a second cool-down cargo two weeks ago, a possible indication that workers are preparing equipment for start-up. Korea Gas Corp., a minority owner in the venture, said in August the plant would be in full commercial production by the end of December. Shell, which said as recently as July that the project is on target to start this year, declined to comment as it’s in a quiet period before it reports third-quarter earnings.
Related Articles

Unlike other LNG projects during the Australian boom, Prelude wasn’t built on solid ground. Instead, all of the equipment — from power generation to gas processing to liquefaction — is housed on a floating platform the size of six aircraft carriers connected to wells 250 meters below the surface of the Indian Ocean.
Scale, Complexity

“The scale of this, and the complexity of this — there is no other comparable project,” said Neil Beveridge, an analyst with Sanford C. Bernstein & Co. in Hong Kong. “When you do it at this kind of scale, the difficulties just become so much greater.”

At one point, Prelude was seen as the first of a fleet of floating LNG plants in Australia. Building in a controlled environment like a shipyard in South Korea was seen as avoiding the sort of cost overruns that plagued projects fighting for labor and resources on land in Australia. But ventures such as Woodside’s Browse and Sunrise, as well as Scarborough, which once counted Exxon among its backers, have been re-imagined on land because of economic or political concerns. None of those are yet to take a final investment decision.

Shell owns 67.5 percent of Prelude while Inpex, which is also the operator of Ichthys LNG, holds 17.5 percent. (Beyond the Inpex connection, the Prelude and Ichthys project may also share gas at a reservoir called Brewster.) Korea Gas has 10 percent and Taiwan’s CPC Corp. owns the remaining 5 percent.

[essentialinvestor] 24/10/2018 08:12

Added a few, hoping for lower.

[essentialinvestor] 23/10/2018 21:29

Thought along similar lines myself,
although to be fair equity weakness has helped send oil lower,
as UKX weakness has with Shell.

[fjgooner] 23/10/2018 20:55

I'm looking forward to buying a nice further chunk of RDSB tomorrow if lucky enough to see prices sub-£25 still. So I'm hoping that the current manipulations hold for a while longer.

"What manipulations, FJ", I hear you say.

Well, it's clear that the Saudis have been bending over backward to keep Trump sweet ahead of the US midterms which are exactly 2 weeks from today on November 6th. As recently as yesterday, the Saudi oil minister Khalid al-Falih said they would hike output to around 11 million b/d to help offset global supply concerns.

Of course, this has had the desired effect and oil prices have slumped back accordingly.

But Khalid al-Falih knows - as we all do - that the US sanctions on Iran commence on November 4th - just 2 days before.

And if these sanctions put upward pressure again on oil prices (as I'd fully expect), that will be far too late to affect gasoline prices at pumps Stateside ahead of the November 6th vote.

Handy that eh?

The US voters will not be upset by those high gas pump prices (in time), Trump keeps his blue-collar electorate intact despite his own sanctions and then the effects of his beloved sanctions start to kick in during the following weeks. And global oil supply will start to come under pressure.

Post the US midterms, the Saudis will no longer feel the need to be pressurised by Trump, "essential maintenance" will reduce their' flat-out co-operation given thus far, the Russians won't be minded to assist, the US sanctions on Iran will start showing clearly in lower global supply data and crude prices will react accordingly.

Everyone's a winner.

Unless you're refuelling your Ford F-150 in California on your way to start your Christmas shopping, with 2 years to go until the polls next open.

Just my take on events to come ...

FJ

[waldron] 23/10/2018 17:09

Total
51.06 -1.96%


Engie
11.62 -0.64%

Orange
13.705 -1.30%


FTSE 100
6,955.21 -1.24%
Dow Jones
24,908.05 -1.62%
CAC 40
4,967.69 -1.69%



Brent Crude Oil NYMEX 77.03 -3.82%
Gasoline NYMEX 1.85 -3.28%
Natural Gas NYMEX 3.22 +2.55%



BP
533.2 -3.20%


Shell A
2,428.5 -2.78%


Shell B
2,482.5 -2.59%

[la forge] 23/10/2018 13:50

Shell's up next, and last, in $200 billion Australia LNG bonanza

Dan Murtaugh and Stephen Stapczynski, Bloomberg 12:20 am CDT, Tuesday, October 23, 2018

FILE - In this Monday, April 7, 2014 file photo, a flag bearing the company logo of Royal Dutch Shell, flies outside the head office in The Hague, Netherlands.  Photo: Peter Dejong, STF / AP

Photo: Peter Dejong, STF
FILE - In this Monday, April 7, 2014 file photo, a flag bearing the company logo of Royal Dutch Shell, flies outside the head office in The Hague, Netherlands.

And then there was one.

Australia’s nine-year, $200 billion boom in liquefied natural gas still has a final debut in the works: Royal Dutch Shell Plc’s Prelude, floating 200 kilometers (124 miles) off its northwest coast. It’s the last project in that investment cycle to start production after Japan’s Inpex Corp. shipped its maiden cargo from Ichthys LNG on Monday.

Shell’s Prelude is among seven export projects in gas-rich Australia sanctioned since 2009 by global energy giants including Chevron Corp. and Exxon Mobil Corp., as well as regional big hitters such as Australia’s Woodside Petroleum Ltd. and Malaysia’s Petroleum Nasional Bhd. The Pacific nation now rivals Qatar as the world’s biggest seller of LNG, a form of natural gas super-chilled into a liquid that can be shipped on tankers.

SUPPLY: U.S. natural gas supply, demand continues to grow

The market might not have to wait long before Prelude gets in the game. It received a second cool-down cargo two weeks ago, a possible indication that workers are preparing equipment for start-up. Korea Gas Corp., a minority owner in the venture, said in August the plant would be in full commercial production by the end of December. Shell, which said as recently as July that the project is on target to start this year, declined to comment as it’s in a quiet period before it reports third-quarter earnings.

Unlike other LNG projects during the Australian boom, Prelude wasn’t built on solid ground. Instead, all of the equipment --- from power generation to gas processing to liquefaction -- is housed on a floating platform the size of six aircraft carriers connected to wells 250 meters below the surface of the Indian Ocean.

Scale, Complexity

“The scale of this, and the complexity of this -- there is no other comparable project,” said Neil Beveridge, an analyst with Sanford C. Bernstein & Co. in Hong Kong. “When you do it at this kind of scale, the difficulties just become so much greater.”

PIVOT: Former Schlumberger CEO makes move into pipelines

At one point, Prelude was seen as the first of a fleet of floating LNG plants in Australia. Building in a controlled environment like a shipyard in South Korea was seen as avoiding the sort of cost overruns that plagued projects fighting for labor and resources on land in Australia. But ventures such as Woodside’s Browse and Sunrise, as well as Scarborough, which once counted Exxon among its backers, have been re-imagined on land because of economic or political concerns. None of those are yet to take a final investment decision.

Shell owns 67.5 percent of Prelude while Inpex, which is also the operator of Ichthys LNG, holds 17.5 percent. (Beyond the Inpex connection, the Prelude and Ichthys project may also share gas at a reservoir called Brewster.) Korea Gas has 10 percent and Taiwan’s CPC Corp. owns the remaining 5 percent.

--With assistance from Ben Sharples and James Thornhill.