Shell Share Discussion Threads

[waldron] 14/6/2019 17:30

Mexico approves another $1B in Shell deepwater oil projects
Jun. 14, 2019 10:06 AM ET|About: Royal Dutch Shell plc (RDS.A)|By: Carl Surran, SA News Editor

Mexico's oil regulator has approved exploration plans for four deepwater areas operated by Royal Dutch Shell (RDS.A -0.5%), committing the company to invest at least $791M and potentially as much as $1B.

Following approval earlier this week of Shell's exploration plans for five other deepwater areas, meaning Shell could invest as much as $2.4B combined in the nine deepwater areas over the next four years and drill at least 13 wells at the projects in the Perdido Fold Basin and the Salina Basin.

The blocks are not expected to begin producing oil and gas until 2026 at the earliest.

[waldron] 14/6/2019 17:25

lippy4
14 Jun '19 - 16:49 - 6221 of 6222
0 0 0
well i see that we now have parity with a shares,whats next??

WHAT THINK YOU





Equities
Vote Quantity Float Company-owned shares Total Float
Stock A 1 4,399,358,177 4,334,794,923 98.5% 31,340,041 0.7% 99.1%
Stock B 1 3,745,486,731 3,733,454,792 99.7% 7,076,363 0.2%

[waldron] 14/6/2019 17:24

Brent Crude Oil NYMEX 62.19 +1.44%
Gasoline NYMEX 1.72 +1.26%
Natural Gas NYMEX 2.38 +2.54%
(WTI) 52.7 USD +1.23%


FTSE 100
7,345.78 -0.31%
Dow Jones
26,075.41 -0.12%
CAC 40
5,367.62 -0.15%
SBF 120
4,237.09 -0.23%
EuroStoxx 50
3,379.19 -0.33%
DAX Index
12,096.4 -0.60%
Ftse Mib
20,620.43 -0.05%



Eni
13.944 +0.29%

Total
47.25 +0.57%

Engie
12.955 +1.13%

Orange
13.82 -0.50%


Bp
538.9 -0.02%

Vodafone
128.02 -0.79%

Royal Dutch Shell
2,515 +0.20%

Royal Dutch Shell
2,516.5 -0.08%

[lippy4] 14/6/2019 16:49

well i see that we now have parity with a shares,whats next??

[tornado12] 14/6/2019 14:54

I don’t think a fledgling company like Shell Energy retail needs to receive bad publicity on overcharging customers. The market is already very price sensitive and having such public news from energy watchdog ofgem will not help our growth. On positive side the website is quick and easy to follow and use

[crossing_the_rubicon] 14/6/2019 09:37

Ah yes one of the dangers of onshore Nigeria - theft.
Always been the way.

Wonder how much it actually costs all told

[sarkasm] 14/6/2019 08:05

2523.00 GBp +0.18%

[sarkasm] 14/6/2019 08:04

TIDMRDSA

RNS Number : 1623C

OFGEM

14 June 2019

Shell Energy Retail pays GBP390,000 after overcharging some default tariff cap customers

Shell Energy Retail Limited is to refund and compensate around 12,000 customer accounts it overcharged on its default tariffs when the price cap was introduced. In addition, the supplier will pay GBP200,000 to Ofgem's consumer redress fund, equating to a total payment of GBP390,000.

The price cap for 11 million customers on poor value default tariffs came into force on 1 January 2019.

Ofgem's price cap monitoring found that between January and March 2019 Shell Energy Retail overcharged around 12,000 electricity and gas customer accounts a sum of GBP100,736.63 collectively above the level of the price cap.

To rectify its failings Shell Energy Retail, trading under First Utility at the time of breach, has agreed to refund the affected customers by re-crediting their accounts and will pay additional compensation to all affected customers.

Around 6,200 Shell Energy Retail customer accounts were on tariffs that were not compliant with the price cap, meaning they were paying above than the cap level for their gas and / or electricity. Shell Energy Retail has agreed to refund these customers and pay an additional GBP62,000 in compensation (GBP10 per fuel).

The remaining 5,600 customer accounts experienced a delay in their energy price being reduced under the price cap after they requested to change to a cheaper means of paying for their energy, which meant they were paying above the cap level for longer than necessary. Shell Energy Retail has agreed to refund these customers and pay GBP29,000 in compensation (GBP5 per fuel).

Shell Energy Retail has agreed to pay an additional GBP200,000 into Ofgem's voluntary redress fund to help support vulnerable customers.

Ofgem has decided not to take formal enforcement action taking into account the steps Shell Energy Retail has taken to address its failings and the redress it has agreed to pay.

Ofgem closely monitors all suppliers' approach to the implementation of the cap and will continue to hold suppliers to account if they do not meet their obligations.

Notes to editors

-- Firstly Utility was acquired in March 2018 and rebranded Shell Energy Retail Limited in March 2019.

-- The 12,000 customer accounts affected around 8,800 customers.

-- About 11 million households are protected by the default tariff cap, which came into effect on 1 January 2019. The cap is temporary, and applies to tariffs for all customers on standard variable and default energy tariffs. Suppliers can price to the level or below the cap, but cannot charge more.

-- The default tariff cap is currently GBP1,254 per annum for period between 1 April and 30 September 2019 for households on dual fuel, single-rate based on typical consumption.

[abbotslynn] 14/6/2019 07:36

Loving it go

[waldron] 14/6/2019 07:05

European stocks set to open cautiously higher amid Middle East tensions
Published Moments Ago
Elliot Smith
@ElliotSmithCNBC




Key Points

Worldwide focus Thursday was on the Middle East, after Norwegian and Japanese-owned oil tankers suffered explosions near the Strait of Hormuz. The U.S. blamed Iran for the attacks.
U.K.-focused shares dipped Thursday as Brexiteer Boris Johnson landed a convincing victory in the first round of voting for the Conservative party leadership, making him the favorite to succeed Prime Minister Theresa May.

European stocks are set to open fractionally higher Friday as tensions heighten between the U.S. and Iran following attacks on two oil tankers in the Gulf of Oman on Thursday.

The FTSE 100 was expected to rise around 9 points to 7,377 while the DAX was seen around 7 points higher at 12,176. The CAC 40 looked set to edge around 3 point higher to 5,378.

Worldwide focus Thursday was on the Middle East, after Norwegian and Japanese-owned oil tankers suffered explosions near the Strait of Hormuz. The U.S. military released footage which it claimed showed Iran’s Revolutionary Guard Corps removing an unexploded mine from the side of one of the stricken tankers - a claim Tehran strongly denies. The event caused oil prices to surge.

Stocks in Asia traded mixed Friday afternoon as oil prices continued to rise. China’s Shenzhen composite led losses with a 0.64% fall while Hong Kong’s Hang Seng index continued to slip amid mass protests over a controversial extradition bill.

Back in Europe, U.K.-focused shares dipped Thursday as Brexiteer Boris Johnson landed a convincing victory in the first round of voting for the Conservative party leadership, making him the favorite to succeed Prime Minister Theresa May. Johnson has said he will take the U.K. out of the European Union on October 31 with or without a deal in place.

Investors will also be monitoring a bill introduced in the U.S. Senate Thursday to slap sanctions on individuals and companies developing Russia’s Nord Stream 2 natural gas pipeline project.

Meanwhile at this week’s meeting in Luxembourg, European finance ministers are discussing new restructuring rules for euro zone sovereign bonds which could drive up yields of high-debt states from 2022, according to a draft report.

In corporate news, Volkswagen and Ford are close to reaching a real on a partnership for the development of self-driving and electric vehicles, VW’s CEO said Thursday.

French inflation data is due before the opening bell, with Italy set to follow at 10 a.m.

[the grumpy old men] 13/6/2019 18:00

Stocks rise led by Disney, resuming June’s winning ways
Published Thu, Jun 13 2019 2:50 AM EDTUpdated 2 hours ago

VERY APPROPRIATE

WE NOW HAVE A MICKEY MOUSE MARKET A LA TRUMPET

[waldron] 13/6/2019 17:32

Brent Crude Oil NYMEX 61.51 +2.57%
Gasoline NYMEX 1.69 +1.71%
Natural Gas NYMEX 2.34 -1.60%
(WTI) 52.58 USD +2.68%


FTSE 100
7,368.57 +0.01%
Dow Jones
26,059.08 +0.21%
CAC 40
5,375.63 +0.01%
SBF 120
4,247.01 +0.03%
EuroStoxx 50
3,390.5 +0.08%
DAX Index
12,169.05 +0.44%
Ftse Mib
20,617.66 +0.75%


Eni
13.904 +0.61%


Total
46.98 +0.06%

Engie
12.81 -1.50%

Orange
13.89 +0.22%


Bp
539 -0.33%

Vodafone
129.04 -0.23%

Royal Dutch Shell
2,510 -0.22%


Royal Dutch Shell
2,518.5 -0.30%

[fjgooner] 13/6/2019 14:15

Why don't you repeat yourself all day like the sad muppet you are on the IAG thread.

Oh, wait a minute, you're doing it already.

[montyhedge] 13/6/2019 13:56

Short oil stocks, long airline stocks thats the trade.

[fjgooner] 13/6/2019 13:42

Was it Fozzie Bear by any chance?

[montyhedge] 13/6/2019 13:25

Oil bear on cnbc a few days ago said 45 dollars.

[fjgooner] 13/6/2019 12:54

Oil prices surge after tanker attack near the Iranian coast


London (CNN Business) — US crude oil futures surged as much as 4% on Thursday after a tanker was attacked in the Gulf of Oman, a key waterway used to transport energy supplies from the Middle East.

The Japanese owner of the Kokuka Courageous told CNN the 27,000-ton tanker had been attacked "by some sort of shell" off Fujairah, a port in the United Arab Emirates. The ship suffered damage to its starboard hull.

The ship's operator, Singapore-based BSM Ship Management, said in a statement that the Kokuka Courageous was about 14 nautical miles from the coast of Iran.

A second tanker, the Front Altair, suffered a fire following an explosion while sailing in the Gulf of Oman, vessel manager Frontline said.

[montyhedge] 13/6/2019 11:10

Glut of oil worldwide, US capacity 30 year high, being a cynic I reckon this was done, to try and put a floor under the oil price, won't work going lower.

[ariane] 13/6/2019 10:37

Oil prices could fall to $45 per barrel if US-China trade war escalates, says investor
Published 3 hours ago
Yen Nee Lee
@YenNee_Lee




Key Points

Global oil prices could fall to as low as $45 per barrel if tensions between the U.S. and China worsen, said Rainer Michael Preiss, executive director at Taurus Wealth Advisors.
The U.S. and China failing to resolve tensions will cause the global economy to weaken even more and hurt oil demand, said Preiss.

GP: Donald trump Xi Jinping US China trade
China’s President Xi Jinping (R) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.
Nicholas Asfouri | AFP | Getty Images

Global oil prices could fall to as low as $45 per barrel if tensions between the U.S. and China worsen, an investment strategist told CNBC Thursday.

Oil prices have been on a downward trend in recent weeks as investors become increasingly concerned about slowing demand. Appetite for oil is at risk of a further slump if the U.S. and China fail to the resolve trade differences, which will cause the global economy to weaken even more, said Rainer Michael Preiss, executive director at Taurus Wealth Advisors.

“I think a lot of market focus is on the G-20 meeting,” Preiss told CNBC’s “Capital Connection” on Thursday.

“If America and China couldn’t agree, and America raises tariffs again on Chinese imports, potentially this could slow down the economy meaningfully,” he added.

U.S. President Donald Trump previously said he would make a decision about whether to impose further tariffs on China after meeting Chinese President Xi Jinping at the G-20 meeting in Japan later this month.

Washington has so far slapped 25% tariffs on $250 billion of Chinese goods, with Trump threatening to apply the same elevated levy on the remaining imports from China worth around $300 billion. In retaliation, Beijing raised tariffs on billions of dollars worth of American products.

Tensions between the U.S. and China have also extended beyond trade. Washington placed Huawei on a blacklist that restricts American companies from doing business with the Chinese tech giant, while China threatened to cut off its supply of rare earths to the U.S.

Those developments have hurt sentiment among businesses and consumers, and are blamed for contributing to much of the economic slowdown globally. Now, any potential uplift in the global economy hinges on Trump and Xi reaching a deal, said Preiss.

“Everything that I look at seems to indicate that global growth” will depend on how the talks between the U.S. and China pan out, he added.