Shell Share Discussion Threads

[waldron] 11/4/2019 07:16

European markets seen mixed amid gloomy economic outlook; Brexit deadline extended
Published 11 min ago Updated Moments Ago
Sam Meredith
@smeredith19




Key Points

The FTSE 100 is seen 22 points lower at 7,398, the CAC is expected to open up around 9 points at 5,458, while the DAX is poised to start 12 points lower at 11,894, according to IG.
On the data front, the International Energy Agency (IEA) will publish its closely-watched oil market report at around 9:00 a.m. London time.

[la forge] 10/4/2019 21:17

BP PLC BP. HSBC Buy 660.00 down to 650.00 Reiterates
RDSA HSBC Hold 2,785.00 down to 2,710.00 Reiterates
RDSB HSBC Hold 2,800.00 down to 2,730.00 Reiterates

[waldron] 10/4/2019 18:05

FTSE 100
7,421.91 -0.05%
Dow Jones
26,136.77 -0.05%
CAC 40
5,449.88 +0.25%

Brent Crude Oil NYMEX 71.66 +1.49%
Gasoline NYMEX 2.02 +2.55%
Natural Gas NYMEX 2.71 +0.37%

(WTI) - 10/04 18:43:21
64.58 USD +0.65%


Eni
15.94 +0.33%


Total
50.37 +0.28%


Engie
13.605 +0.18%

Orange
14.68 -1.21%



BP
576.2 +0.38%


Shell A
2,490.5 +0.38%


Shell B
2,511.5 +0.36%

[sarkasm] 10/4/2019 14:09

HSBC Hold 2,800.00 but reduced a little to 2,730.00 Reiterates

[sarkasm] 10/4/2019 14:01

--Zambian villagers' case against Vedanta must be heard in English court

--The unanimous ruling made by five U.K. Supreme Court judges could have wider implications

--Supreme Court judges say parent companies are responsible for actions of their subsidiaries



By Oliver Griffin



The U.K. Supreme Court has ruled that a case by Zambian villagers against Vedanta Resources and its subsidiary Konkola Copper Mines must be heard in English courts in a landmark ruling that could have wider implications for other companies.

Supreme Court judges agreed unanimously that almost 2,000 villagers in Zambia, who allege the loss of livelihoods and damage to their health caused by toxic discharges from Konkola's Nchanga mine entering their water supplies, must have their case heard in the High Court.

As part of the ruling, the judges disagreed with an earlier analysis by the Court of Appeal that said a parent company couldn't incur liability in respect of the activities of a subsidiary.

Leigh Day, the law firm representing the villagers, said the court heard that Vedanta had published material claiming control and responsibility over KCM. The court also heard that in its material, Vedanta assumed responsibility for appropriate groupwide environmental control and sustainability standards, and set out guidelines for training, monitoring and enforcement of the standards, Leigh Day said.

The Supreme Court subsequently ruled that Vedanta must be held accountable for these publicly made statements and that it therefore has a duty of care towards the villagers.

Daniel Leader, a partner at Leigh Day, said: "I suspect in boardrooms around the country there will be consternation at this judgment."

Speaking to Dow Jones Newswires, Mr. Leader said the ruling showed that contrary to the Court of Appeal's previous findings, global policies can be enough for cases to be heard in countries where parent companies are based.

"If the parent company is holding itself out as being responsible for the supervision of the subsidiary its very omission to do anything can constitute an abdication of responsibility," Mr. Leader said.

The law firm said the ruling handed down by the Supreme Court could have wider implications for companies that make public commitments relating to their responsibilities to communities and the environment and then fail to put these into practice.

Alongside Vedanta's responsibility for the mine, the villagers argued that they wouldn't be able to achieve justice in Zambian courts. They cited a lack of available funding and qualified and experienced legal representatives, arguments with which the Supreme Court agreed.

Now that jurisdiction has been asserted, the claims will be heard in the High Court at a date to be determined, Leigh Day said.

Leigh Day also represents two communities from Nigeria in claims against Royal Dutch Shell PLC (RDSB.LN) and its Nigerian subsidiary. Both communities allege they have suffered systematic, continued oil pollution for years because of Shell's operations.

While the Court of Appeal ruled in February last year in a split vote that English courts didn't have jurisdiction over the claims, Leigh Day said it now has more confidence that permission will be granted for an appeal to be heard at the Supreme Court.

No representatives of Vedanta were immediately available for comment.



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



(END) Dow Jones Newswires

April 10, 2019 08:12 ET (12:12 GMT)

[wbecki] 10/4/2019 12:13

Crumbs, that's some implosion
"Venezuela Oil production falls 289,000bopd in MARCH to 732,000bopd"

[sarkasm] 10/4/2019 11:25

Home » Reports » Broker Ratings » Royal Dutch Shell Plc 9.1% Potential Upside Indicated by HSBC
Analyst Broker Ratings
Royal Dutch Shell Plc 9.1% Potential Upside Indicated by HSBC

Posted by: Charlotte Edwards 10th April 2019

Royal Dutch Shell Plc using EPIC/TICKER code (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 2710 GBX on its stock.

[waldron] 09/4/2019 18:05

FTSE 100
7,425.57 -0.35%
Dow Jones
26,206.34 -0.51%
CAC 40
5,436.42 -0.65%


Brent Crude Oil NYMEX 70.75 -0.49%
Gasoline NYMEX 1.97 +0.37%
Natural Gas NYMEX 2.70 -0.44%

(WTI) - 09/04 18:43:28
64.03 USD -0.62%



Eni
15.888 +0.47%


Total
50.23 -0.73%


Engie
13.58 +0.26%

Orange
14.86 +0.30%



BP
574 -0.73%


Shell A
2,481 -0.96%


Shell B
2,502.5 -0.79%

[grupo guitarlumber] 09/4/2019 14:59

Goldman draws inferences from 1990s to predict oil’s future
By Serene Cheong on 4/9/2019
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Rigs working in U.S. shale field.

SINGAPORE (Bloomberg) -- The future of the oil market may resemble the past―specifically the 1990s― according to Goldman Sachs Group.

That’s when prices remained steadily in backwardation, a market structure where near-term futures are costlier than later contracts -- reflecting tight supplies in the present and ample bbl further out, analysts including Damien Courvalin wrote in an April 8 report.

The phenomenon may persist as OPEC exits its current output cuts aimed at averting a global glut, adding supply back to the market in a move that would weigh on long-dated prices, Goldman said. That will maintain backwardation and lead U.S. shale drillers to limit activity, according to the bank.

“We view this as the most compelling outcome for OPEC, and the market structure most likely to be sustainable,” the analysts wrote in the report. “But having been waiting for this shift since 2016, we are not yet ready to base case it, even though the maturing shale producer landscape should eventually help achieve it.”

Goldman also raised its second-quarter forecast for global benchmark Brent crude to $72.50/bbl from $65/bbl, and said a rally that’s taken prices over $70/bbl is reflective of a larger deficit than it predicted. OPEC’s cuts, an acceleration in global economic activity, tighter U.S. oil sanctions on producers such as Iran and an only moderate gain in shale production will continue to squeeze supplies through 2019, according to the bank.

Brent futures traded little changed at $71.11/bbl in London. West Texas Intermediate, the U.S. benchmark, was up 0.4% at $64.63/bbl in New York.

While a risk-on investor sentiment and the threat of disruptions may drive spot prices even higher, Goldman expects them to decline gradually from this summer as production from shale fields and the Organization of Petroleum Exporting Countries increases. “We therefore find more compelling opportunities for corporates and investors in time spreads, differentials and product cracks,” the analysts wrote.

Unlike last year, there is well identified global spare production capacity at the moment, the bank said. Further, new pipeline and export capacity will connect the Permian -- the cheapest and largest shale basin in America -- to the global market by this fall, according to Goldman.

This outlook supports the bank’s expectation of further backwardation. Goldman said the key to a successful implementation of OPEC’s cuts will be a shift over the coming months to a coordinated exit strategy of rising production. The “anchoringR21; of long-dated prices will be a key metric to assess whether the curbs have overshot, and backwardation is sustainable, it said.

“Any meaningful rally in three-year forward prices -- which so far have been anchored at $55/bbl for WTI -- would provide an opportunity for more aggressive shale growth without sacrificing returning cash to shareholders,” the analysts wrote.

Goldman also flagged opportunities for investors: Bank expects a return of volatility after a period of “surprising calmness.” Oil producers should hedge forward earnings despite higher price forecasts as this would reassure energy equity investors. Goldman sees further steepening of front-month to 3-year Brent backwardation to $12.50/bbl from $9/bbl currently; continues to recommend this trade. Tight physical markets to support shorter-dated crude time spreads, prompting them to converge higher into expiration. Trend to persist on rising refinery demand for crude from summer onward, and as units ramp-up operations ahead of stricter ship-fuel environmental quality standards next year.

[grupo guitarlumber] 09/4/2019 14:40

Shell lighting low-carbon path for oil & gas sector, says Church of England

Oil and gas major Shell is “leading the way” in its sector as it plans for the transition to a low-carbon economy, according to the Church of England Pensions Board.

[grupo guitarlumber] 09/4/2019 12:20

US futures slightly lower as investors monitor earnings, data
Published 4 hours ago Updated 31 min ago
Spriha Srivastava
@spriha




Key Points

Market focus is largely attuned to corporate results, with major U.S. banks set to get the ball rolling later in the week.
On the data front, NFIB small business optimism index numbers will be out at 6:00 a.m. ET, followed by JOLTS at 10 a.m. ET. The Labor Department’s JOLTS report tracks monthly changes in job openings.
On the earnings front, Levi Strauss will be reporting its first results since its IPO (initial public offering).

watch now
VIDEO00:45
Futures indicate flat to lower open following mixed Monday

U.S. stock index futures pointed to a slightly lower open as investors monitor the start of corporate earnings season this week.

At 03:10 a.m. ET, Dow futures were down 47 points, indicating a lower open of around 60 points. Futures for the Nasdaq and S&P 500 were also lower.

Market focus is largely attuned to corporate results, with major U.S. banks set to get the ball rolling later in the week. J.P. Morgan Chase & Co and Wells Fargo are both poised to report their latest figures on Friday. Concerns about U.S. earnings have dragged on U.S. equities in recent sessions, though a robust jobs report last week helped to soothe frayed nerves.

On the data front, NFIB small business optimism index numbers will be out at 6:00 a.m. ET, followed by JOLTS at 10 a.m. ET. The Labor Department’s JOLTS report tracks monthly changes in job openings. On the earnings front, Levi Strauss will be reporting its first results since its IPO (initial public offering).

Meanwhile, oil prices scaled new 2019 highs on Monday, with the international benchmark Brent crude futures contract adding 1.1 percent to settle at $71.10 per barrel. U.S. crude futures also rose 2.1 percent to settle at $64.40 per barrel.

The moves in the oil prices came amid a recent resurgence in conflict in Libya, a key OPEC oil producer.

—CNBC’s Sam Meredith and Eustance Huang contributed to this story.

[ariane] 09/4/2019 09:38

PARIS (Agefi-Dow Jones) - Oil services group TechnipFMC announced on Tuesday that it has won a "significant" contract from Total for the Lapa pre-salt field, located at a depth of 2,150 meters. off Brazil.


Under the terms of the contract, Total acts on behalf of the Lapa Field consortium, which includes Total (35%), Shell (30%), Repsol (25%) and Petrobras (10%).


"The contract covers the supply of flexible pipes for oil production, the gas lift system and gas injection, as well as related equipment," TechnipFMC said in a statement.


The group did not indicate the exact amount of this contract but recalled that the amount of a "significant" contract was between 75 million and 250 million dollars.


TechnipFMC also indicated that this contract was included in the results of the first quarter of 2019.


-Julien Marion, Agefi-Dow Jones; [phone]; [e-mail] ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


April 09, 2019 01:38 ET (05:38 GMT)