Shell Share Discussion Threads

[grupo] 29/5/2019 19:16

Shell continues South African oil expansion with second deal
By Paul Burkhardt on 5/29/2019

JOHANNESBURG (Bloomberg) -- Months after a major discovery by Total SA boosted the country’s hydrocarbon prospects, Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters.

Shell has applied to take a stake in a license owned by OK Energy, located in deepwaters off South Africa’s west coast, according to Petroleum Agency South Africa. “We have indeed received an application which is awaiting ministerial approval,” the regulator said in a reply to questions about the block.

The Anglo-Dutch major exited its Orange Basin permit two years ago, citing an enduring low-price environment. It also complained at the time of uncertainty over resource laws in South Africa. The country recently pledged to draft separate legislation for oil and gas.

Shell declined to comment. Should the deal for OK Energy’s license go through, it would add to the company’s acquisition of a 40% interest in deepwater blocks 5, 6 and 7 in the Atlantic off Cape Town from Anadarko Petroleum Corp.

In February, Total discovered an estimated 1 Bboe east of Anadarko’s blocks, where the oceans meet at the tip of the continent. South Africa’s first deepwater find was described as “catalytic” for the country by South African Oil & Gas Alliance, an industry lobby group.

Besides the block Shell is interested in, OK Energy, a small oil and gas company, also holds a 10% stake in another area with Equinor ASA off South Africa’s east coast.

[waldron] 29/5/2019 17:14

Brent Crude Oil NYMEX 67.13 -2.24%
Gasoline NYMEX 1.90 -2.05%
Natural Gas NYMEX 2.64 +2.17%

(WTI) 57.28 USD -2.75%

FTSE 100
7,185.3 -1.15%
Dow Jones
24,990.16 -1.41%
CAC 40
5,222.12 -1.70%
SBF 120
4,125.4 -1.66%
EuroStoxx 50
3,295.56 -1.56%
DAX Index
11,837.81 -1.57%
Ftse Mib
20,011.76 -1.23%



Eni
13.734 -2.08%

Total
46.835 -1.44%


Engie
12.52 -1.42%

Orange
13.935 -0.68%


Bp
541.3 -0.77%

Vodafone
129.3 +1.71%

Royal Dutch Shell
2,460 -0.87%


Royal Dutch Shell
2,475.5 -1.14%

WHAT A GREY DAY

CHUCKLE ATLEAST ITS HOLDING ONTO THE 2475 to 2575p BOX

[sarkasm] 29/5/2019 11:11

imperial3
29 May '19 - 10:27 - 6020 of 6020
0 1 0
These so called valuations by analysts of £29, £30 look like wishful thinking to me.Would be very comforting if they were right.In the meantime they seem to be divorced from reality.


LOL TOTALLY AGREE IMP3

its almost criminal

they should be made to give a time frame

i see sometimes there is mention of within the next 3 MONTHS or short, medium and long term if you know how long these are to them

Ben waiting awaiting on some of these so called for 2 or 3 years


so most of us take them with a pinch of salt

IN THE MEANTIME IS FOREVER HOPEFUL AND CONFIRMS WHETHER RIGHT OR WRONG WE MADE THE RIGHT DISCISION TO BUY and theres always the dividend each quarter

THANK GOODNESS FOR CARRIED FORWARD LOSSES

TAKE CARE

[stewart64] 29/5/2019 10:57

In the short term Market is being kind to rdsb RELATIVE to earlier in the month whence it fell to 23.76. That was not ex div, Brent at $70 and a trade resolution imminent between US and China.

Can only think all the memory of "eco warriors" jetting into London to halt traffic is fading.

[imperial3] 29/5/2019 10:27

These so called valuations by analysts of £29, £30 look like wishful thinking to me.Would be very comforting if they were right.In the meantime they seem to be divorced from reality.

[adrian j boris] 29/5/2019 08:04

(MKS)
Add to my list
Report

Real-time Quote. Real-time CHI-X - 05/29 08:03:44 am
240.4 GBp -4.03%

[grupo] 29/5/2019 07:38

RDSB UBS Buy 2,900.00 - Unchanged

[waldron] 29/5/2019 07:03

European stocks set to slide amid trade war, political worries
Published 7 min ago
Ryan Browne
@Ryan_Browne_




Key Points

The trade battle between the U.S. and China is proving to be a main point of anxiety for global markets.
In Europe, fears of a coming political battle between Italy and and the EU have returned this week.

[waldron] 29/5/2019 06:25

The Second Machine Age Could Crash Oil Prices
By Vincent Lauerman - May 28, 2019, 6:00 PM CDT
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Petrochemical plant

The International Energy Agency (IEA), OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production, and hence non-OPEC supply, since the Shale Oil Revolution took off in earnest early this decade.

Forecasters at these major oil organizations simply do not understand that we are in a new age of rapid technological advancement and innovation. This new age has been pushing down the cost of U.S. light tight oil (LTO) faster and lower than expected, expanding ultimate recoverable resource and so-called sweet spots, and pushing U.S. oil production – both crude and NGLs – substantially higher at lower than anticipated prices.


At the same time, this new technological age – the second machine age – is likely to lead to peak oil demand much sooner than predicted by the IEA, OPEC and EIA, with growth in global oil consumption to slow before a precipitous decline thereafter. None of these forecasters are predicting a peak prior to 2040 in their reference cases, although the IEA is at least projecting a significant slowdown in the rate of oil demand growth after 2025.

Land-based transportation currently accounts for almost half of global oil consumption. The internal combustion engine was undeniably the winner of the transportation derby in the 20th century, but it looks like electric vehicles are set to challenge that monopoly in the 21st century given rapid rates of technological…

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[waldron] 29/5/2019 06:06

Shell launches tender for Gato do Mato FPSO

Anglo-Dutch supermajor invites contractors to bid for unit for pre-salt development off Brazil
Anglo-Dutch supermajor Shell has launched a tender for the charter of a mid-sized floating production, storage and offloading vessel to be deployed at its Gato do Mato pre-salt project

[waldron] 29/5/2019 05:56

Asia markets slip, currencies decline as US adds 9 countries to watch list
Published 5 hours agoUpdated 23 min ago
Eustance Huang
@EustanceHuang




Key Points

Stocks in Asia declined in Wednesday afternoon trade.
Overnight on Wall Street, the Dow Jones Industrial Average fell more than 200 points as investors watched for developments on the U.S.-China trade front.
In currency news, the Trump administration refrained from labeling China as a currency manipulator, but kept the country on a monitoring list along with eight other countries such as Germany, Italy, Japan, South Korea, Malaysia and Singapore.
Following that development, some of those currencies weakened against the dollar.

[la forge] 28/5/2019 22:06

Why EVs Can’t Do Without Oil
By Irina Slav - May 28, 2019, 4:00 PM CDT
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EV

Like most debates these days, the debate on the carbon footprint of electric vehicles is a heated one with the most vocal opinions coming from extreme camps. Again, like most other debates, the truth is at neither extreme. It is in the middle and says that electric vehicles would never have a chance against internal combustion engines if it weren’t for the oil industry or, more specifically, the petrochemicals industry.

It’s a truth often overlooked that there are thousands of products we use in everyday life that contain oil derivatives. The list is impressively long even without including plastics, but plastics are the biggest reason why EVs cannot do without oil, and this includes carbon fiber, which is also an oil derivative.

Here’s a detailed infographic from the American Fuel & Petrochemical Manufacturers that details exactly how dependent EVs are on their production. While a dedicated EV supporter could argue the data will undoubtedly be skewed in favour of petrochemicals, things actually boil down to something quite simple: weight.

Electric vehicles need to be as lightweight as possible to have a longer range. At the same time, they need to be relatively affordable, so there is a meaningful market for them. The only materials that can to date cover both these requirements are oil and gas-derived polymers. You could make polymers from renewable sources, but these have been slow to take off, most likely due to the higher cost of production.

Back in 2012, Frost & Sullivan research forecast that global demand for plastics will soar in the years to 2017 thanks precisely to the growing adoption of electric vehicles. They projected a compound annual growth rate of as much as 80 percent between 2012 an 2017 on the back of EV market growth. While this has not exactly been the case, demand for plastics has risen significantly: according to IHS Markit, it doubled between 1999 and 2018 to exceed 100 million tons.
Related: Norwegian Oil Patch Ramps Up Spending To Counter Decline
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So, it seems for the time being that EVs are dependent on the oil industry as much as the healthcare industry is (single-use plastics make up one of the pillars of modern medicine). But does this mean they have a carbon footprint equal to—or even larger as some claim—than internal combustion engines? Hardly. When it comes to carbon footprints, the most important factor for EVs is the electricity they consume, once you accept the thought that quite a bit of oil has gone into the construction of the vehicle.

When it comes to electricity, EVs in countries that rely on renewable power will naturally have a much lower carbon footprint than the same EVs in a country that derives most of its power from coal.

Here are a helpful couple of maps that illustrate this difference. In India and China, where coal is still the dominant primary source of energy, electric cars have a much higher total carbon footprint than they do in, say, Norway, Europe’s leader in renewable power.

So, the EV industry needs petrochemicals to continue making its products competitive and affordable by more than the wealthiest class, and the petrochemicals industry needs EVs to secure a long-term market for its products. No wonder, then, that Big Oil is expanding its petrochemicals operations.

By Irina Slav for Oilprice.com

[florenceorbis] 28/5/2019 19:59

Family feud: Shell breaks rank with other oil producers over low-carbon future
By CK Staff
May 28, 2019
Shell puts nine oil associations on notice – including Canadian Association of Petroleum Producers – over climate differences

The world’s major oil companies are so tightly aligned that they were once known as the Seven Sisters. But as the climate crisis grows, the family bond is fading.

In April, Royal Dutch Shell announced that it had recently reviewed its role in 19 industry associations in Europe, North America and Australia and that it would pull out of one of them and serve notice to nine more.

Relative to major oil peers, the Anglo-Dutch oil giant has been among the leaders on climate change, endorsing the Paris Agreement as well as the UN’s Sustainable Development Goals.

Shell released its 45-page report, Industry Associations Climate Review, in response to various non-profit organizations’ concerns highlighting that some energy companies claiming to be proactive about climate change were actually supporting associations that were not. After all, every month that passes without reform pours more money into Big Oil.

The audit compared the positions of 19 industry associations in relation to Shell’s support of four key positions: the Paris Agreement; government-led carbon pricing tactics such as carbon taxes; incentives for alternative energy; and a transition role for natural gas in a low-carbon future.

The audit found “alignmentR21; with nine associations and “misalignment” with nine more. Shell found “material misalignment” with one association, the American Fuel & Petrochemical Manufacturers (AFPM), which opposes carbon-pricing and supports the rollback of the U.S. Environmental Protection Agency’s fuel economy standards – both offside of Shell’s positions. As a result, Shell is cancelling its AFPM membership in 2020.

The AFPM responded like a patronizing parent: “We thank Shell for their longstanding collaboration with AFPM and wish them all the best in the future…Like any family, we aren’t always fully aligned on every policy, but we always strive to reach consensus positions on policies that are in the best interest of our membership and the communities that rely on us.”

The Canadian Association of Petroleum Producers (CAPP) was one of the nine questionable partners. The association has been reluctant to support the Paris accord as well as federal and provincial carbon pricing frameworks. Shell will continue to engage with these bodies but says it will reassess its membership when it “identifies a risk of material misalignment.”

In an interview with the Canadian Press, CAPP CEO Tim McMillan said its policy is determined by its 50-member board of governors, which includes Shell Canada president Michael Crothers.

McMillan also said CAPP isn’t interested in dictating solutions on carbon pricing and that Canada is experimenting with several different approaches: “We’re neither for nor against any particular one of those. We just want to see the outcomes.”

Greenpeace Canada energy strategist Keith Stewart told CBC News he welcomed Shell’s initiative, stating that it’s going to “help shake up the industry.”

But Shell gets no pass for 110 years of greenhouse gas emissions. Greenpeace is encouraging Toronto and other cities to explore legal action that would hold oil firms responsible for the costs of climate change including more frequent flooding, heatwave and fire events.

[waldron] 28/5/2019 17:08

FTSE 100
7,268.95 -0.12%
Dow Jones
25,567.58 -0.07%
CAC 40
5,312.69 -0.44%
SBF 120
4,195.04 -0.37%
EuroStoxx 50
3,347.76 -0.44%
DAX Index
12,027.05 -0.37%
Ftse Mib
20,250.65 -0.55%

Brent Crude Oil NYMEX 69.87 -0.41%
Gasoline NYMEX 1.94 -0.41%
Natural Gas NYMEX 2.59 +0.15%

(WTI) - 28/05 17:41:57
58.84 USD -0.52%



Eni
14.026 -0.31%

Total
47.52 -0.69%

Engie
12.7 -0.39%

Orange
14.03 +0.07%


Bp
545.5 +0.18%

Vodafone
127.12 +0.81%

Royal Dutch Shell
2,481.5 -0.22%


Royal Dutch Shell
2,504 +0.14%

[the grumpy old men] 28/5/2019 11:00

Shell Midstream Partners, L.P. announces transportation of first oil from Appomattox

Published by Aimee Knight, Editorial Assistant
World Pipelines, Tuesday, 28 May 2019 10:30

Shell Midstream Partners, L.P. announced that the systems owned by Proteus Oil Pipeline Company LLC (“Proteus̶1;) and Endymion Oil Pipeline Company LLC (“EndymionR21;) increased volumes of crude oil from the start-up of the Shell-operated Appomattox floating production system via the newly commissioned Mattox Pipeline (“Mattox”;), which is majority owned and operated by Shell Pipeline Company LP (“SPLC”). Shell Midstream Partners owns a 10% interest in each of Proteus and Endymion.

“The Gulf of Mexico remains an important part of the US production story – as evidenced by these new volumes,” said Kevin Nichols, CEO, Shell Midstream Partners. “Over the last three years, most of the 19 sanctioned projects across the Gulf of Mexico flow through our systems, giving us the ideal position to capture growth. Our offshore corridor strategy is working – and we are pleased with the resilience and growth that the Gulf of Mexico provides.”

Appomattox, which currently has an expected production of 175 000 boe/d, achieved first oil on 23 May 2019. The Mattox Pipeline is transporting oil from Appomattox into the Proteus and Endymion systems which ultimately connect to onshore markets via the Clovelly, LA storage hub.

[the grumpy old men] 28/5/2019 10:47

Courtesy of

Aleman taken fron the divi thread
28 May '19 - 10:34 - 324 of 325
0 0 0




The Grumpy Old Men
28 May '19 - 10:44 - 325 of 325 Edit
0 0 0
Cheers Aleman

perhaps maywillow could put in the header if and when about

shell no1

[grupo] 28/5/2019 08:32

European stocks higher as EU vote provides relief
Published 2 hours agoUpdated 8 min ago
Ryan Browne
@Ryan_Browne_




Key Points

The pan-European Stoxx 600 climbs, with most sectors and bourses in positive territory.
Investors in Europe continued to digest results from the EU Parliament elections.
Scandinavian Airlines reported heavy losses in its interim second-quarter report.

European shares traded higher Tuesday as investors continued to monitor political developments in the continent.
European Markets: FTSE, GDAXI, FCHI, IBEX
TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME
FTSE FTSE 100 FTSE 7290.92 13.19 0.18 26278456
DAX DAX DAX 12072.21 1.03 0.01 3152630
CAC CAC CAC 5334.53 -1.66 -0.03 2974156

The pan-European Stoxx 600 index rose 0.2% in morning trade, with most sectors and major bourses in positive territory.

Looking at individual stocks, Umicore rose toward the top of the European benchmark after announcing the acquisition of cobalt refinery in Finland. The company’s share price rose 2% in early trade.

In corporate news, Scandinavian Airlines reported heavy losses in its interim second-quarter report. The firm said its results were hit by a pilot strike and rising jet fuel prices. Shares fell nearly 4% shortly after the opening bell.
EU election results

Investors in Europe continued to digest results from the EU Parliament elections, which concluded Sunday. Results showed pro-EU parties still managed to hold onto a majority of seats, albeit with Euroskeptic and nationalist parties also gaining momentum.

Experts saw the vote as largely positive, as an uptick in support for Europhile parties like the Liberals and Parties means the European project may not be under threat. The rise in support for populists was less detrimental than previously feared, analysts said.