Shell Share Discussion Threads

[waldron] 21/5/2019 05:26

Shell considers plan for Louisiana chemicals plant
May 20, 2019 5:28 PM ET|About: Royal Dutch Shell plc (RDS.A)|By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) subsidiary Shell Chemical reportedly is advancing feasibility studies for a potential $1.2B expansion of monoethylene glycol production at its Geismar, La., chemicals complex.

As part of the project, Shell would build an MEG plant at the site that it could approve as early as 2020, pending final engineering, design and investment decisions, according to the Louisiana Economic Development.

The state group also says it will complete negotiations with Shell Chemical on an incentive package for the project ahead of a final investment decision.

Now read: Total S.A. Bets On LNG Future »

[waldron] 21/5/2019 05:01

cheers nelly

had a feeling they might be slightly different and they did include the company owned shares

my point was that there are more A than B shares



have a good one

[nellynell] 20/5/2019 23:45

Waldron i think them figures are slightly out of date. According to my calculations the correct figure is below which includes all buy backs so far since the latest tranche started on 2nd May 2019 upto and including today 20th May 2019.



A - 4,365,688,271
B - 3,745,486,731

[grupo] 20/5/2019 19:07

EU is growing market for US liquefied natural gas
By:
Gavin O'Toole
3 May 19

European imports of US liquefied natural gas are soaring, increasing by 272% in the nine months since an energy cooperation deal was agreed in 2018.

Nearly 30% of American LNG exports are now destined for Europe according to official data – up dramatically from just 5% in 2016.

The latest figures on this booming transatlantic trade come as energy executives gather in Brussels in a sign of strengthening EU–US energy cooperation to discuss further ways to enhance the trade in LNG.

“Energy security is one of the key success stories of our transatlantic cooperation and one where we both have a keen mutual interest,” EU commissioner for energy and climate Miguel Arias Cañete said after meeting US secretary of energy Rick Perry at the event.

“It is therefore our common objective to further deepen our energy cooperation. Natural gas will remain an important component of the EU’s energy mix in the near future as we move towards cleaner sources of energy.

“Given our heavy dependence on imports, US liquefied natural gas, if priced competitively, could play an increasing and strategic role in the EU gas supply.”

The EU gas market is the second largest in the world and European leaders see increased imports of US LNG as essential to their efforts to diversify supplies.

Gas has been identified as an important transition fuel in the EU’s efforts to decarbonise its economy, and European gas imports are projected to increase as domestic production falls.

The capacity to handle increasing imports are being expanded with the extension of a LNG terminal in Poland on the Baltic Sea coast and plans for another on the island of Krk in Croatia.

The EU is also supporting the development of LNG capacity in Greece, Spain, Ireland, Sweden and Cyprus and estimates that 23 member states will have access to the global LNG market by 2022.

With a share of 12.6% of European LNG imports in 2019 so far, the US is now Europe’s third largest supplier.

Speaking in Brussels, Perry said: “We share a history of transatlantic cooperation, through good times and bad, and together we promote our heritage of freedom.

“The strength of this relationship can particularly be seen in energy. When it comes to natural gas, we each have what the other needs to derive tremendous mutual benefit from advancing our energy relationship.”

Gavin O'Toole, expert on Latin America
Gavin O'Toole

A freelance journalist. He has written six books about Latin America and taught the politics of the region at Queen Mary, University of London.

[waldron] 20/5/2019 18:06

Stock A 4,399,358,177

Stock B 3,745,486,731

NOT SURE IF THIS IS THE MOST UPTODATE INFO

[waldron] 20/5/2019 17:21

The shares bought back under the next tranche will be whichever of the A ordinary shares and/or B ordinary shares is economically the least expensive on a given trading day.




TORNADO

THEY WILL ONLY BUY THE LEAST EXPENSIVE WHICH I FEEL WILL BE THE A SHARE AND ALSO THERE ARE MORE A THAN B

THERE IS A PREMIUM ON THE B DUE TO NOT BEING SUBJECT TO DUTCH WITHHOLDING TAX
BUT WE MIGHT HAVE STRANGE DAYS WHERE THE STERLING SHARES MIGHT SEEM CHEAPER PERHAPS

OPEN OBVIOUSLY TO OTHERS INTERPRETIONS OF THE SITUATION

[waldron] 20/5/2019 17:13

FTSE 100
7,310.88 -0.51%
Dow Jones
25,678.27 -0.33%
CAC 40
5,358.59 -1.46%


Brent Crude Oil NYMEX 72.39 +0.25%
Gasoline NYMEX 2.01 -0.42%
Natural Gas NYMEX 2.67 +1.56%

(WTI) - 20/05 17:49:54
63.09 USD -0.47%


Eni
14.416 -2.86%


Total
49.225 +0.11%

Engie
13.555 -0.18%

Orange
13.96 +0.98%

Bp
557.2 +0.22%

Vodafone
126.4 +1.71%

Royal Dutch Shell
2,539 +0.12%


Royal Dutch Shell
2,540 -0.06%

[tornado12] 20/5/2019 17:04

A & B shares arriving at price parity today ! Shell start buying B shares tomorrow?

[sarkasm] 20/5/2019 13:44

Shell Emissions Still Going Up, Despite Accounting Trick
May 20, 2019By Greg MuttittBlog Post, Energy Transitions & Futures, Featured

Tomorrow at Shell’s annual meeting of shareholders, the oil giant is likely to claim to be a climate leader. It will probably highlight the company’s target for its “net carbon footprint” to be 2 to 3 percent lower in 2021 than in 2016.

[waldron] 20/5/2019 12:19

GREENBIZ

'Unprecedented': Why BP investors holding billions in shares are backing a climate resolution
Michael Holder
Monday, May 20, 2019 - 12:30am
BP sign and money hands
GreenBiz Collage

Leading BP investors holding the equivalent of around $12.7 billion of shares in the oil giant have co-filed a resolution urging the company to set out a business strategy consistent with the goals of the Paris Agreement, in a move they claim has secured "unprecedented" levels of shareholder backing.

The 58 investors, acting as part of the Climate Action 100+ initiative, own just under 10 percent of BP voting shares between them, which they claim marks the highest proportion of support yet received for a shareholder resolution calling for climate action at a major corporate.

And crucially, following engagement with investors, BP's board has already said it will support the resolution at this year's AGM, which takes place May 21.

A BP spokesman explained that the resolution would "deepen our reporting in this important area and will help investors appraise the company's progress in relation to the dual challenge" of providing affordable and clean energy.

Similar action from Climate Action 100+ investors last year forced rival oil giant Shell to give its backing to a shareholder resolution on climate action, as a result of which it agreed to link its executive pay rewards to performance against its emission reduction targets. Both Shell and BP have been stepping up their investments in low carbon industries in recent years, but continue to face criticism from campaigners that they are failing to take concerted enough action to shift away from fossil fuels.

Shell and BP have been stepping up investments in low carbon industries, but continue to face criticism that they are failing to take concerted enough action to shift away from fossil fuels.

The BP resolution calls on the oil firm to play its part in containing global average temperature increases to "well below" 2 degrees Celsius, and stresses that the Paris Agreement requires a considerable reduction in demand for fossil fuels, as well as investment to help shift its production.

It also sets out a number of transparency requirements for BP to report on its consistency with the Paris Agreement with regards to: new capital investments; greenhouse gas reduction targets; investment in oil, gas and other energy technologies; estimated carbon intensity of energy products; and links between the firm's targets and executive remuneration.

Steve Waygood, chief responsible investment officer at Aviva Investors — one of the shareholders backing the action — said BP's support for the resolution "demonstrates how the investment industry can collaborate to instigate meaningful change."

"The scientific consensus is crystal clear on the need for far-reaching action by corporates, with the next decade critical in limiting global warming to 1.5 C. Investors have a responsibility to hold companies to account and to ensure they consider their alignment with the Paris Agreement," he said. "We hope that this first, but important, step represents a shift by the oil and gas sector in tackling today's climate emergency head-on."

Investors have a responsibility to hold companies to account and to ensure they consider their alignment with the Paris Agreement.

However, the resolution stops short of requiring BP to set emissions reduction targets covering all of its emissions, including from its Scope 3 greenhouse gas emissions caused by the burning of its oil and gas products, which account for the lion's share of its emissions footprint.

BP also has called on its shareholders to reject a separate shareholder resolution next week tabled by activist investor group Follow This that would force the oil giant to set Scope 3 emissions reduction goals. Follow This argues only emissions goals including Scope 3 emissions can be compliant with the Paris Agreement.

Nevertheless, investors behind the Climate Action+ resolution include some the United Kingdom's largest asset and fund managers — Aviva Investors; HSBC Global AM; Legal & General Investment Management; M&G Investments; Schroders; UBS AM; and Royal London AM — and the action also marks the first time leading investors have opted to initiate a shareholder resolution by co-filing.

Stephanie Pfeifer — member of the global Climate Action 100+ steering committee and CEO of the Institutional Investors Group on Climate Change (IIGCC) — said support for the BP resolution demonstrates how investors are increasingly embracing an active approach to stewardship of assets they manage with regards to climate change.

"The scale of investor support for the BP resolution is truly unprecedented," she said. "It is the first time globally that shareholders holding a 10 percent stake in a major listed company have filed a resolution on climate change. Investors will continue to build on this momentum and expect companies to embrace the opportunity this provides to strengthen their business."

It is the first time globally that shareholders holding a 10 percent stake in a major listed company have filed a resolution on climate change.

The move signals increasingly tough action from shareholders on major carbon-emitting firms, which comes amid a surge in public concern over climate change amplified by high profile protests and school strikes in recent months. Recent surveys have shown levels of concern about climate change are higher than ever in both the United Kingdom as well as the United States.

And there are signs shareholder climate action isn't just taking aim at fossil fuel producers, it seems, but also major users. At their AGM's this year, auto giants Daimler and Volkswagen are also facing calls from Hermes Investment Management, which looks after $42.64 billon of assets worldwide, to align their business strategies with the Paris Agreement goals and take better account of climate risk.

Hermes' Equity Ownership Services' (EOS), also a member of Climate Action 100+, today outlined its voting recommendations for both AGMs, explaining that it would raise questions at the meetings about both companies' climate change strategies. VW's AGM is taking place today, ahead of Daimler's next week.

Both companies have expanded their plans to develop their electric vehicle portfolios in response to future regulatory change and surging consumer demand for battery cars.

Both companies have expanded their plans to develop their electric vehicle portfolios in response to future regulatory change and surging consumer demand for battery cars.

But Hans-Christoph Hirt, head of Hermes EOS, said he wanted to see automotive firms intensify their efforts further in preparation for a low carbon world by developing and clearly articulating their strategies for managing their impending transformation.

"This requires setting short, medium, and long term targets to be aligned with the goals of the Paris Agreement, including for average fleet emission reductions, low-carbon vehicle sales and capital expenditure targets," said Hirt. "Investors want to see companies demonstrate the long-term viability of their business models and product offerings so that they are in a position to prosper in a net-zero emissions economy."

All in all, it means two of the world's biggest oil companies, and now two of the world's biggest car companies, are facing unprecedented pressure to provide clarity over their plans to align their businesses with a future, low carbon economy, as the transition away from fossil fuels gathers increasing support.

Which companies might be targeted next?
This story first appeared on:
BusinessGreen

[waldron] 20/5/2019 07:06

European markets seen mixed as geopolitical risks mount
Published 14 min ago
Elliot Smith
@ElliotSmithCNBC




Key Points

U.S. President Donald Trump warned via Twitter that conflict would spell the “official end” of Iran.
Trade talks between Washington and Beijing stalled as the U.S. administration heightened scrutiny of Chinese telecoms companies.

[waldron] 20/5/2019 05:55

Trade war and Iran tensions creating a ‘very unstable’ oil market, Russia minister says
Published Sun, May 19 2019 3:37 PM EDTUpdated 10 min ago
Matt Clinch
@mattclinch81




Key Points

The President Donald Trump administration has tightened its chokehold on Iranian oil exports and its metals industry as part of its “maximum pressure” campaign.
While Iran announced it would end some of its key obligations to the 2015 nuclear deal if European signatories didn’t rescue the country’s ailing oil and banking sectors hit hard by sanctions.

[waldron] 20/5/2019 05:43

cheers fjg

have A great week

[fjgooner] 19/5/2019 23:39

The Physical Oil Market Is Saying We Are About To See The Largest Crude Storage Draw Since 2011

Summary

•Oil prices are down slightly today. We attribute the weakness to speculators dumping long exposures to wait on the sidelines ahead of the OPEC+ JMMC meeting.

•Physical timespreads continue to improve, which contradicts the financial price sell-off.

•Crack spreads continue to improve, albeit falling slightly today. US refinery throughput is about to ramp materially in the coming weeks.

•As the physical oil market begs for more supplies, we expect that things will only get tighter as global refineries start ramping up throughput just as global oil-on-water is at the lowest in 3 years.

•The steep backwardation in the Brent timespreads tells us we are about to witness the largest crude drawdown since 2011.

---------------

The Comments section at the bottom is also well worth a read.

[maywillow] 18/5/2019 13:49

THANKS FJG

i am however a bit puzzled with the highest of 86.74 if WTI





Sussed it, it was BRENT


CHEERS AND HAVE A SUPER WEEKEND

[fjgooner] 18/5/2019 13:38

An update.

2019 Q2 to 17/05/2019
Highest: 75.60 Lowest: 67.58 Difference: 8.02 Average: 71.40

2019 Q1
Highest: 68.89 Lowest: 52.51 Difference: 16.38 Average: 63.83

2018 Q4
Highest: 86.74 Lowest: 49.93 Difference: 36.81 Average: 68.60

[the grumpy old men] 18/5/2019 11:57

5/21/19 | 09:00am Annual General Meeting

[waldron] 17/5/2019 17:45

FTSE 100
7,348.62 -0.07%
Dow Jones
25,852.11 -0.04%
CAC 40
5,438.23 -0.18%


Brent Crude Oil NYMEX 72.14 -0.66%
Gasoline NYMEX 2.01 -0.76%
Natural Gas NYMEX 2.64 -0.08%


(WTI) - 17/05 18:21:18
62.7 USD -0.76%



Eni
14.84 +0.61%


Total
49.17 +1.16%


Engie
13.58 -1.74%

Orange
13.825 +0.33%



Bp
556 +1.15%

Vodafone
124.28 -0.46%

Royal Dutch Shell
2,536 +0.58%


Royal Dutch Shell
2,541.5 +0.40%

[poikka] 17/5/2019 08:16

R22 - "Dutch activist group Follow This tabled a resolution urging Shell to drastically reduce its spending on fossil fuel."

Gone.

Madness.