Shell Share Discussion Threads

[waldron] 28/3/2019 07:57

European stocks seen slightly higher on report of US-China trade breakthrough
Published an hour ago
Ryan Browne
@Ryan_Browne_




Key Points

Markets appear to be getting a slight boost from news of progress in U.S.-Sino trade negotiations.
British Prime Minister Theresa May offers to resign if her Brexit deal is finally passed by Parliament.
Nordic-Baltic lender Swedbank is due to hold its annual general meeting.

European shares are set to begin Thursday’s session in the black after a report said the U.S. and China are making swift progress in trade talks.

[waldron] 27/3/2019 18:19

Oil price rally will continue into the next two quarters despite dip, experts say
Published 3 hours ago | Updated 3 hours ago
Natasha Turak
@NatashaTurak




Key Points

Oil prices slipped Wednesday, interrupting a recent rally with news of sharply increased U.S. crude stockpiles.
But it’s a temporary blip in the broader outlook for the next two quarters of price growth, commodities experts told CNBC.
The price of international benchmark Brent Crude is up 24 percent year to date while West Texas Intermediate is up 27 percent.

[waldron] 27/3/2019 17:35

FTSE 100
7,194.19 -0.03%
Dow Jones
25,543.21 -0.45%
CAC 40
5,301.24 -0.12%

Brent Crude Oil NYMEX 67.18 -0.37%
Gasoline NYMEX 1.88 -1.59%
Natural Gas NYMEX 2.70 -1.85%


(WTI) - 27/03 17:59:16
59.36 USD -0.80%


Eni
15.59 -0.17%


Total
49.36 -0.45%


Engie
13.295 +0.49%

Orange
14.4 +0.00%



BP
545.8 -0.87%


Shell A
2,374.5 -0.73%


Shell B
2,384 -0.65%

[montyhedge] 27/3/2019 15:29

Of course you did, lol

[la forge] 27/3/2019 15:24

Oil Falls After EIA Reports Crude Build
By Irina Slav - Mar 27, 2019, 10:00 AM CDT
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Storage tanks

Crude oil prices fell slightly after the Energy Information Administration reported a moderate build in U.S. crude oil inventories for the week to March 22.

These added 2.8 million barrels in the period, the EIA said a day after the American Petroleum Institute reported a surprising build in inventories.

A week earlier, the EIA reported a draw of 9.6 million barrels, which livened up West Texas Intermediate on its way closer to the US$60-per-barrel mark, which it hit briefly earlier this week.

The authority said refineries last week processed 15.8 million barrels of crude daily, compared to 16.2 million bpd a week earlier.

Gasoline production averaged 9.7 million bpd last week, from 9.9 million bpd in the week before. Gasoline inventories fell by 2.9 million barrels, after a draw of 4.6 million barrels in the previous week.

Distillate fuel production averaged 4.9 million bpd last week, virtually unchanged on the week. Distillate fuel inventories fell by 2.1 million barrels.
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This segment of the downstream industry could see more action in the months to come as refiners prepare to capture higher profit margins from increased sales of low-sulfur bunkering ahead of the IMO’s new emission rules that enter into effect next January.

Gasoline production, on the other hand, might swing into a glut as it grows faster than demand in the United States at least. This opens the door wider for exports as we approach driving season in the northern hemisphere.

As for crude oil fundamentals, optimism about a U.S.-China trade deal, the OPEC cuts, and the U.S. sanctions on Iran and Venezuela continue to dominate oil headlines, along with the persistent worry about the world’s economic growth prospects. The tailwinds among these factors have helped to push crude oil benchmarks up 25 percent since the start of the year.

At the time of writing, Brent crude was trading at US$67.63 a barrel, with WTI at US$60.00 a barrel.

By Irina Slav for Oilprice.com

[spud] 27/3/2019 15:16

Lol! Kinda underpins what i was saying!

Sold up some time ago if you care to actually read the thread Laurel...

spud

[montyhedge] 27/3/2019 14:10

Oh sorry Spud, see it's down another 10% today.

[montyhedge] 27/3/2019 14:04

Hi SpudHow's you Accesso hope you did not lose to much on that bow wow stock.

[spud] 27/3/2019 13:39

Laurel Bush is harmless enough - He floats about pontificating on shares he doesn't always own, then retires down his hole.

Probably retired & bored with too much spare time on his hands!

spud

[fjgooner] 27/3/2019 13:17

Here it goes again.

montyhedge creeps back on here with multiple negative posts - can he really be stupid enough to think he can talk down one of the biggest stocks in the world?

And meanwhile also doing desperate multiple postings on the IAG board this morning - a stock that has been losing money for weeks from 660p to 510p since mid-Feb alone.

Is mintyhead trying to ramp up the price of IAG ahead of dumping his holdings? Desperate to move into RDSB again?

No.1. trader? Don't make us laugh.

[montyhedge] 27/3/2019 12:50

Good job Shell buying back shares, because I really believe with the direction they are going, shares would be lower. I know they have to diversify but utility, really.

[lippy4] 27/3/2019 12:49

good yield I would be happy..

[montyhedge] 27/3/2019 12:06

Lower returns, boring utility company.

[grupo guitarlumber] 27/3/2019 10:03

Industry
18th March 2019

Shell plans to becomes world’s largest power firm

Article by Adam Duckett

SHELL is set to become one of the largest power companies in the world, its Director of New Energies has said, as its emissions target forces the company to evolve away from oil and gas.

Speaking to Bloomberg on the sidelines of an energy conference in the US last week, Maarten Wetselaar, Shell’s Integrated Gas and New Energies Director, said: “We believe we can be the largest electricity power company in the world in the early 2030s.” And to Financial Times he said that for Shell to achieve the goal it set in December to cut emissions by 20% by 2035 “the amount of power – of clean power – we will need to be selling…will make us by far the biggest power company in the world.”

Asked how shareholders might respond to the lower returns from power compared to oil and gas, he said: “We are not interested in the power sector because of what we saw in the last 20 years, we are interested because we think we like what we see in the next 20 years…where we believe by optimising and trading we can make better returns than the industry has done so far.”

As well as power trading, Wetselaar said the company will invest in generation from renewable sources, including solar and wind at industrial- and domestic-scale; hydrogen fuels; electric vehicle charging; and home battery storage. It has no plans to enter the transmission portion of the supply chain or generation from coal or nuclear. It will also consider building gas plants to help balance intermittent supplies from its renewables.

To help meet these ambitions, he said the company plans to spend US$1bn–2bn/y on its new energy technologies. While this is dwarfed by the group’s total US$25bn/y budget for capital expenditure, he said that the plan will be to prove it can make between 8–12% returns in power before scaling up investment.

“Electrification is the biggest trend in energy in the coming 10–15 years because it is by far the easiest way to decarbonise energy usage. So, we think the power market will grow a lot, faster than any of the other energy markets,” he told Bloomberg.

Shell’s new energies business has invested in projects throughout the power supply chain. Last year it took stakes in wind farms being developed off the US and Netherlands, and last week it opened a 27 MW solar project to provide power for its Moerdijk chemical plant in the Netherlands. On transport, it is part of joint venture that is installing hydrogen fuelling pumps at 100 locations across Germany; and in January entered the US electric vehicle charging market with its purchase of Greenlots. On the domestic front it purchased UK household energy provider First Utility in February 2018; and last month bought German home energy storage battery technology firm sonnen.

Article by Adam Duckett

Editor, The Chemical Engineer

[montyhedge] 27/3/2019 09:45

Will Shell just become a boring utility company good yield no growth.

[waldron] 26/3/2019 20:05

FTSE 100
7,196.29 +0.26%
Dow Jones
25,564.42 +0.19%
CAC 40
5,307.38 +0.89%


Brent Crude Oil NYMEX 67.91 +1.04%
Gasoline NYMEX 1.90 +0.65%
Natural Gas NYMEX 2.75 -0.87%


(WTI) - 26/03 20:04:12
59.94 USD +1.34%


Eni
15.616 -0.05%

Total
49.585 +0.68%

Engie
13.23 -0.53%

Orange
14.4 +0.52%


BP
550.6 +0.44%

Shell A
2,392 +0.38%


Shell B
2,399.5 +0.40%

[grupo guitarlumber] 26/3/2019 15:05

IMP

Nothing definitive as yet


talking and or bidding perhaps

[imperial3] 26/3/2019 14:33

A little while ago,according to press reports,Shell was rumoured to be eyeing up Endeavor Energy Resources LP,along with other Oil Majors.Did anything transpire of this?

[waldron] 26/3/2019 07:27

Royal Dutch Shell PLC and Energy Transfer LP said they are pursuing plans to convert a liquefied-natural-gas import facility in Louisiana into an export terminal, a bet that the future of U.S. shale gas lies in selling it for higher prices in overseas markets.

The Anglo-Dutch energy giant and U.S. pipeline operator said they are putting contracts out for bid to engineers and construction companies to reconfigure Energy Transfer's existing import facility in Lake Charles, La. The proposed facility would have the capacity to ship 16.5 million tons of U.S. natural gas a year, the companies said Monday.

"You can model and study it but the best way is to go out to tender and get a price that someone is willing to commit to," Maarten Wetselaar, Shell's director of integrated gas and new energies, said in an interview Monday in New York. "We are done theorizing on it; we just want to find out."

The move comes amid a prolonged period of low natural-gas prices in the U.S., where futures for April delivery settled Monday at $2.755 per million British thermal units. That is up 5% from a year ago but still low enough to put financial pressure on the producers that have flooded the domestic market with shale gas in recent years.

Shell and Energy Transfer own equal economic stakes in the Lake Charles project, which was built at a time when many believed the U.S. was running low on gas and would rely on imports. The partners will decide together whether they should proceed with converting the Louisiana terminal pending the outcome of bidding and their analysis of the global LNG market.

One key factor, Mr. Wetselaar said, would be finding the 5,000 workers the companies estimate they will need to build the export facility. Labor might be particularly tight at a time when Exxon Mobil Corp. and Qatar Petroleum have announced they will build a rival export terminal nearby in Texas.

Mr. Wetselaar said the Lake Charles plant should have advantages over competitors because much of the necessary infrastructure has already been built. "If you can be the cheapest Gulf Coast project, then you'll always be in the money because it's such a big source of supply," he said.

U.S. LNG exports have surged since early 2016. There are now three export facilities operating from the U.S. mainland, with several more slated to come online over the next few years as big energy companies seek to mop up the cheap shale gas and ship it in liquefied form to customers overseas, where the price is better.

China has emerged as a key buyer of U.S. gas as the country combats air pollution by replacing coal-fired power plants with those that produce electricity from cleaner inputs, such as natural gas, wind and solar.

Lately, LNG prices in Asia have sunk below $5 per million British thermal units, their lowest level in nearly three years. Shell, which supplied roughly 25% of China's LNG last year, is bullish on the market regardless of current price moves because of the Chinese government's goal to boost the amount of gas used to produce electricity there to 15% from about 7% by 2030, Mr. Wetselaar said.

"Even if the Chinese economy decelerates, the quest to clean up the air in the big cities is going to continue," he said.

Houston investment bank Tudor, Pickering, Holt & Co. told clients on Monday that the recent weakness in global LNG prices may prompt U.S. exporters to schedule extended downtime for maintenance this summer or to delay starting up new facilities if international prices languish. LNG export facilities have been counted on to absorb domestic production that has been soaring to new highs, and delays could push local prices lower.

"With the U.S. accounting for more than 80% of global new export capacity expected online through 2020, U.S. gas prices will become progressively more influenced by the strength of the Chinese economy," Barclays analysts said in a report last week.

Shell, which last year accounted for about a quarter of all LNG sold globally, has already committed, along with several large Asian investors, to build a $30 billion LNG export facility in British Columbia that will transport gas gathered in western Canada to markets abroad.

Shell's leadership staked the company's future on natural gas in 2016 with the $50 billion purchase of rival BG Group PLC, a major player in LNG markets.

In the U.S., natural gas surpassed coal in 2016 as the top fuel for generating electricity. The U.S. Energy Information Administration on Monday said gas widened its lead over coal in 2018, accounting for 35% of electricity generation, compared with coal's 27%. Overall, domestic natural-gas consumption rose 10% last year to an all-time high, the EIA said.

Write to Ryan Dezember at [e-mail] and Inyoung Hwang at [e-mail]



(END) Dow Jones Newswires

March 25, 2019 17:45 ET (21:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc

[waldron] 25/3/2019 18:39

FTSE 100
7,177.58 -0.42%
Dow Jones
25,491.8 -0.04%
CAC 40
5,260.64 -0.18%

Brent Crude Oil NYMEX 67.40 +0.55%
Gasoline NYMEX 1.90 +0.31%
Natural Gas NYMEX 2.77 +0.22%


(WTI) - 25/03 19:17:51
58.98 USD +0.32%


Eni
15.624 -0.48%

Total
49.25 -0.36%

Engie
13.3 +0.42%

Orange
14.325 -0.59%


BP
548.2 -0.71%

Shell A
2,383 -0.36%


Shell B
2,390 -0.67%

[waldron] 25/3/2019 18:28

Royal Dutch Shell PLC and Energy Transfer LP said they are pursuing plans to convert a liquefied-natural-gas import facility in Louisiana into an export terminal, a bet that the future of U.S. shale gas lies in selling it for higher prices in overseas markets.

Shell and Energy Transfer said they are putting contracts out for bid to engineers and construction companies to reconfigure Energy Transfer's existing import facility in Lake Charles, La. The proposed facility would have the capacity to ship 16.5 million tons of U.S. natural gas a year, the companies said Monday.

The Anglo-Dutch energy giant and U.S. pipeline operator own equal economic stakes in the project and will decide together whether they should proceed with construction pending the outcome of bidding and their analysis of the global LNG market.

A number of U.S. LNG export facilities are expected to begin operations in the coming years, as companies seek to mop up the cheap gas from U.S. shale and ship liquefied gas to customers overseas. China has emerged as a key source of LNG demand as the country aims to combat air pollution by moving away from coal-powered plants into cleaner fuels like natural gas and renewables. Shell currently supplies about 25% of China's LNG.

Shell has already committed to another big LNG export facility in British Columbia that will transport gas gathered in western Canada to markets abroad. Shell's leadership staked the company's future on natural gas in 2016 with the $50 billion purchase of rival BG Group PLC, a major player in LNG markets. Shell's bet is that natural gas will take market share from crude oil as global consumers seek cleaner alternatives and as electric vehicles begin to displace those with combustion engines.

Energy companies' race to sell shale gas overseas comes at a time of rising U.S. consumption of the heating and power-generation fuel. The U.S. Energy Information Administration on Monday said domestic natural-gas consumption rose 10% in 2018 to an all-time high, as the fuel widened its lead over coal as the top source of electricity generation. Gas accounted for 35% of U.S. electricity generation, while coal's share was 27% and nuclear was 19%, the EIA said.

Meanwhile, LNG export volumes from the mainland U.S. have surged to as high as 5.5 billion cubic feet a day this year, up from almost nothing in 2015, according to Tudor, Pickering, Holt & Co.

"With the U.S. accounting for more than 80% of global new export capacity expected online through 2020, U.S. gas prices will become progressively more influenced by the strength of the Chinese economy," Barclays analysts said in a report last week.

U.S. natural gas futures for April delivery recently traded at $2.75, up about 5% from a year ago.

Write to Ryan Dezember at [e-mail] and Inyoung Hwang at [e-mail]



(END) Dow Jones Newswires

March 25, 2019 13:39 ET (17:39 GMT)