Shell Share Discussion Threads

[waldron] 18/12/2018 17:23

Total
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[grupo] 18/12/2018 16:18

sarkasm
18 Dec '18 - 15:42 - 4219 of 4221
0 3 0
Shame the thread is disrupted or like some almost destroyed by those with a political agenda under the guise of free speech

Atleast rdsb is one of the less disrupted threads

take a look at the gold,climate and frog threads

its a shame advfn does little to nothing,but i guess they are biased

[sarkasm] 18/12/2018 15:42

Shame the thread is disrupted or like some almost destroyed by those with a political agenda under the guise of free speech

[wbecki] 18/12/2018 13:27

Seconded Imperial.

[imperial3] 18/12/2018 12:43

Ironhorse.

I agree,and have signed.

[imperial3] 18/12/2018 12:39

Mr.Stephens of Endeavor Oil would be wise to cash in his chips,and accept the $8 billion dollar offer from Shell.The other oil majors are not showing an interest now according to Bloomberg.With a falling oil price,he could regret it,if he declines the reported bid.

[the grumpy old men] 18/12/2018 12:00

Dow is set for a triple-digit bounce following Monday's rout

Dow Jones Industrial Average futures implied a gain of more than 150 points for the index at Tuesday's market open.
On Monday, the Dow skidded more than 500 points ahead of the Federal Reserve Bank's anticipated rate hike this week.

Eustance Huang
Published 8 Hours Ago Updated 3 Mins Ago

[ironhorse] 18/12/2018 11:33

PLEASE SIGN & pass it on

This is now by far the fastest growing petition in the country! Add your name today - don't let our Remain Parliament stop us from leaving the EU on World Trade Organisation rules. Let's regain our independence!

[maywillow] 18/12/2018 11:04

Shell, Total among the majors committed to developing Chinese acreage

Written by Bloomberg - 18/12/2018 9:29 am

Signage for Cnooc Ltd. is displayed on the company's headquarters in Beijing, China. Photographer: Nelson Ching/Bloomberg
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China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.

China National Offshore Oil Corp. said in Beijing on Tuesday that it had inked oil and gas accords with nine firms. The signing ceremony followed President Xi Jinping’s address to party cadres marking 40 years of reform and broadly underlining the nation’s commitment to global trade.

The agreements cover 64,000 square kilometers in the Pearl River basin, to a depth of up to 3,000 meters. In addition to the Netherlands-based Shell, France’s Total SA and U.S.-based Chevron Corp. were also awarded parcels. All three majors hold existing production sharing contracts with CNOOC. The other firms involved are: ConocoPhillips, Equinor ASA, Husky Energy Inc., Kuwait Foreign Petroleum Exploration Co., Roc Oil Co., and SK Innovation Co.

“It’s no coincidence that CNOOC made the statement a couple of hours after President Xi’s speech,” said Tian Miao, a Beijing-based analyst at Everbright Sun Hung Kai Co. “It’s only reasonable to assume this is one of the real actions China is taking to show the world it’s willing to open businesses to the whole world.”
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Increased Output

CNOOC has signed more than 200 PSCs since its inception in the early 1980’s, even as it has increasingly relied on its own resources to tap deep-water projects in Chinese waters — most recently the giant Lingshui 17-2 gas field in the South China Sea. The company has promised to increase spending and raise output, heeding Xi’s call for enhanced energy security as imports grow and the nation contends with the U.S. over trade.

“The agreements will facilitate the establishment of a long term and stable cooperation and share the development opportunities to a certain extent in the Strategic Cooperation Areas, creating conditions for the final signing of contracts,” CNOOC’s listed unit said in a statement.

At the ceremony, Chairman Yang Hua said the company’s aim is to boost output to 2 million barrels of oil equivalent a day by 2025, from about 1.3 million last year, and that agreements with foreign companies could extend beyond upstream ventures in China to broader cooperation in other geographies. He also said the government is studying policies to support exploration and development of offshore oil and gas, and that “the sector will open wider to international players going forward.”

The smallest of China’s big three oil and gas firms, CNOOC is its favored vehicle for international cooperation and holds the vast majority of reserves in Chinese waters. About three-quarters of its offshore production is conducted independently, with the remainder tied up in PSCs, including deals signed in July with Australia’s Roc Oil and Smart Oil LLC of the U.S. The agreements typically give CNOOC the rights on up to 51 percent of any commercial discoveries.

“From a business perspective, inviting international oil companies to join domestic offshore exploration helps reduce investment risks and bring in more offshore drilling expertise,” said Tian. “It definitely helps CNOOC’s promise to quickly raise oil and gas output from domestic fields.”

CNOOC’s shares fell 4.1 percent to HK$12.16. They are up 8.4 percent this year.

Xi’s address in the capital disappointed those hoping for specific policies to counter a slowing economy and show the nation’s intent to free up its markets. Instead, the president focused more on the accomplishments of the nation’s Communist Party.

[sogoesit] 18/12/2018 10:45

Thanks Waldron.
Happy Investing for 2019!

From Shares Magazine today:

"Reports are linking Royal Dutch Shell (RDSB) with an $8bn bid for private US firm Endeavor Energy. A deal which would boost the company’s exposure to the Permian basin in Texas and New Mexico, where the company already has a joint venture with Anadarko Petroleum.

If the speculation proves accurate this would represent the most material deal for Shell since it parted with nearly $50bn for BG back in 2016.

Royal Dutch Shell is weaker along with the rest of the sector today, down 1.9% to £22.79 thanks to lower oil prices driven by fears of a supply glut.

AJ Bell investment director Russ Mould describes the suggested price tag as 'interesting'. He adds: 'It is a long way short of the $15bn that was apparently expected from a sale of Endeavor when the privately-held firm put itself up for sale earlier this year.

'This reflects the impact the recent crash in the oil price might have had on confidence in the sector. It might also be a reason this prospective transaction doesn’t happen and why anyone hoping for more widespread industry M&A could end up being disappointed.

'Agreeing a fair price for an oil and gas takeover is tricky when commodity prices are volatile as the selling party will be very wary of being cheated by a short-term slump and looking silly if prices recover. The exception is when the seller's hand is forced by a stretched financial position.'"

[pugugly] 18/12/2018 10:36

SP going to hell with the price of crude - POO - Brent now $57.77

subject to when invested may have lost multi-year dividends -

Where next ??

[maywillow] 18/12/2018 10:03

Royal Dutch Shell PLC is testing how artificial intelligence-enabled drones could help prevent costly maintenance problems on expensive equipment while improving worker safety, said Jay Crotts, the oil company's executive vice president and global chief information officer.

Beginning early next year, the company will deploy several drones in a proof-of-concept project at the Shell Technology Center in Houston, which encompasses 1.2 million square feet and 44 buildings of laboratory and office space.

"Drones can inspect different equipment that could be too hot for individuals to be near. They can help us detect [anomalies by] keeping people out of harm's way," Mr. Crotts said.

The drones and their accompanying cloud-based platform, which runs on Amazon Web Services, are made by Kespry Inc., a company that has raised $61 million in venture capital funding to date, according to George Mathew, chief executive of Kespry.

In late 2017, Shell invested in Kespry's $33 million funding round through its investment arm Shell Technology Ventures, now called Shell Ventures. Mr. Crotts oversees the team responsible for evaluating and researching potential startup investments.

Drones are becoming important in Internet of Things strategies for enterprise companies, according to research and advisory firm Gartner Inc. At least 2.1 million commercial drones will be flying world-wide by 2020, according to Gartner. By that year, many of the top commercial drone manufacturers also will offer services such as analytical software packages, Gartner said.

However, drone laws still need to be worked out by the Federal Aviation Administration, which is significantly behind earlier schedules for crafting airborne-identification rules for drones. Trade-association leaders now see final FAA regulatory action stretching into 2022, The Wall Street Journal previously reported.

Flying at a maximum height of about 8,000 feet and weighing about 4 pounds, Shell's drones will collect images of the Houston facility using cameras and infrared sensors. The data will be analyzed by machine-learning algorithms within a cloud-based platform to identify mechanical or structural issues such as leaks in pipes. The drones are controlled by mobile apps instead of joysticks, said Mr. Mathew of Kespry.

If the pilot is proved to be successful and Shell expands it to other facilities, the cost savings from Shell's drone deployment next year could be in the millions of dollars, especially because drones can check for maintenance issues every few days, Mr. Crotts said.

Normally, humans would check for issues every few months and sometimes equipment would be shut down for manual inspections, Mr. Crotts said. "We'd have to shut down the plant or a reactor before we put humans in there," he said. "(Now) we'll look at it from a remote, safe distance, with more frequency."

Human engineers also normally walk around an oil-and-gas plant and listen for machines that sound like they're malfunctioning. Sensors and data from drones can predict much more accurately how a piece of equipment is performing, Mr. Crotts said. He said the goal isn't to replace humans with drones; rather, the drones could help the human workers resolve more potential maintenance issues quicker and more efficiently.

In the future, advanced analytics and machine-learning software will be a key competitive differentiator for drone companies, Mr. Crotts said. The cloud-based machine-learning software that comes along with Kespry's drones is particularly useful for Shell, he said.

Machine learning is a subfield of artificial intelligence that refers to the science of getting computers to act intelligently without being explicitly programmed. Kespry's software can turn two-dimensional images of structures and equipment into three-dimensional images. Machine- learning algorithms can automatically analyze the photographs, as well as thermal imaging data, for anomalies such as water leaks.

Having data gathered by the drone all in one with a cloud-based platform also makes it easier to analyze, Mr. Crotts said. "Fewer (cloud) platforms with data consolidated is a much better answer than fragmented, disperse platforms from a variety of different vendors," Mr. Crotts said.

After the pilot program, which could take a few months, Shell will determine whether the drones should scale beyond the Houston facility, Mr. Crotts said.



(END) Dow Jones Newswires

December 17, 2018 16:42 ET (21:42 GMT)

[wbecki] 18/12/2018 09:54

"An Italian judge said on Monday oil majors Eni
and Royal Dutch Shell were fully aware their 2011 purchase of a
Nigerian oilfield would result in corrupt payments to Nigerian politicians and
officials"


And he'd be correct given how Corrupt Nigeria is.

Who is this judge trying to kid. We all know "brown envelopes" are de rigeur.

[waldron] 18/12/2018 09:29

proactiveinvestors

Shell shares slide as speculation mounts over US$8bn swoop for Texas oil producer Endeavor Energy
08:37 18 Dec 2018
Shell is said to be in talks over a possible US$8bn takeover of Endeavor, one of the world’s largest privately-held oil companies
onshore oil field
Billionaire Autry Stephens and his family own all of Endeavor

Royal Dutch Shell PLC (LON:RDSB) shares opened lower on Tuesday on reports that the oil giant is mulling an US$8bn bid for Texas oil producer Endeavor Energy.

That is about half what Endeavor and its billionaire owner Autry Stephens had been looking for when the company was put on the block earlier this year.

According to Bloomberg, Exxon Mobil, Chevron and ConocoPhillips were also rumoured to be weighing up an offer for Endeavor, but their interest has since waned.
READ: Shell working on Venezuela - report

Endeavor controls drilling rights on 329,000 net acres in the Midland Basin, a subsection of the Permian Basin of West Texas. Less than 2% of that acreage has been drilled, a significant draw for would-be investors.

Discussions with Shell aren’t thought to have reached an advanced stage yet, with talks complicated by the fact that Stephens wants to structure a deal so that he receives royalties when the land is drilled.

Those issues mean Endeavor is unlikely the fetch the US$15bn analysts had initially thought it might fetch.

No deal has yet been agreed, and Bloomberg highlighted that Endeavor is also exploring the option of going public at some point next year.

“Portfolio review is an ongoing process to ensure we have the right mix of assets to deliver maximum value to our shareholders while delivering on our business strategy,” a representative for Shell told Bloomberg via email.

“We do not, however, comment on current or potential commercial actions or agreements.”

Shares fell 1.8% to 2,297p in early deals on Tuesday.

[waldron] 18/12/2018 08:37

SOGOESIT

MANY STORIES OUT THERE

LIKE INCLUDING ADVISORY AND CONSULTING WORK IN THE TENDER WHICH WAS QUIETLY PAID OUT OVER THE COURSE OF THE CONTRACT

IN RECENT YEARS I BELIEVE THESE SORT OF THING WERE STOPPED OR JUST FOUND MORE EFFICIENT WAYS OF MAKING HIDDEN PAYMENTS

JOBS FOR THE BOYS

LOOK AT THE GHOSN STORY

Enjoy your day and week

seasons greetings

cheers and the best of health and wealth

[waldron] 18/12/2018 08:31

Royal Dutch Shell Considers $8 Billion Bid for Endeavor Energy-Bloomberg
18/12/2018 6:59am
Dow Jones News

Shell A (LSE:RDSA)
Intraday Stock Chart

Today : Tuesday 18 December 2018
Click Here for more Shell A Charts.

--Royal Dutch Shell PLC (RDSA.LN) is in talks to buy Endeavor Energy Resources LP for around $8 billion, Bloomberg reports, citing unnamed sources.

--Discussions between the two companies are not yet at the advanced stage, Bloomberg says, adding that Autry Stephens, Endeavor's founder, has expressed a desire to keep certain mineral rights, complicating the talks.



Full story:



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

December 18, 2018 01:44 ET (06:44 GMT)

[sogoesit] 18/12/2018 05:20

“.... with obvious reputational damage for the whole Italian community,” she said.”

Lol!
This judge lives in a bubble. The Italian community in the oilfield has a “reputation221;, built over many years, which is known to most. She probably never ever wondered why ENI is such a success in Africa and, moreover, parts of Africa that even some people, myself included, would never return to work in. Nigeria being primus inter pares along with Libya, DRC, Congo Brazzaville, etc. .... you get the picture.
Even if one didn’t know the specifics one always knew the activity.

[waldron] 17/12/2018 17:00

Total
48.615 -0.99%


Engie
12.865 -0.31%

Orange
14.435 -0.72%

FTSE 100
6,773.24 -1.05%
Dow Jones
24,003.8 -0.40%
CAC 40
4,799.87 -1.11%


Brent Crude Oil NYMEX 59.62 -1.09%
Gasoline NYMEX 1.42 -0.98%
Natural Gas NYMEX 3.65 -4.57%


WTI - 17/12 17:40:23
50.1 USD -2.32%


BP
508.6 -0.80%


Shell A
2,322 -0.88%


Shell B
2,339 -0.81%