Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Oil Prices’

Investors turn up heat on Shell over climate targets

Ron Bousso: MAY 22, 2018

THE HAGUE (Reuters) – Top investors in Royal Dutch Shell on Tuesday stepped up pressure on the oil and gas giant to commit to hard targets to reduce greenhouse gas emissions to battle climate change.

Shell has set out “ambitions” to halve carbon emissions by 2050 and expand in renewables energy, which Chief Executive Officer Ben van Beurden said were ground breaking for the oil industry.

To view a graphic on Shell emissions, click: reut.rs/2Iya7Hf

“Nobody else comes close, it is seriously ambitious,” van Beurden said of Shell’s plan at the company’s annual general meeting in The Hague. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Spreads Its Bets Around as It Prepares for a Greener Future

Shell closed a deal to buy First Utility, a British energy company that owns neither power plants nor gas pipelines, in March. CreditTom Jamieson for The New York Times

By Stanley Reed

COVENTRY, England — There seems to be little about the scrappy energy company in central England that would appeal to Royal Dutch Shell, the button-down oil giant. The little company, First Utility, is an upstart challenger. It offers friendly customer service, and low prices on electricity and natural gas. But it doesn’t own any power plants or gas pipelines; First Utility is a virtual energy company — the product of technological advancement and deregulation. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Gets Hit by the Taxman. Again.

Investors waiting for buybacks are going to need to be patient.

The oil price stages a dramatic recovery yet free cash flow at Europe’s biggest oil company goes nowhere. Royal Dutch Shell Plc retains a capacity to disappoint.

Shell has been dogged by doubts over whether it can afford to maintain its quarterly dividend. Late last year it sought to silence skeptics by moving to make the payout entirely in cash instead of partly in shares. Furthermore, it recommitted to a $25 billion share buyback program. It is clear that such an ambition exceeds current reality, judging by the business today. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

BRIEF-Shell CFO says on track for $25 bln share buybacks

REUTERS STAFF: APRIL 26, 2018

April 26 (Reuters) – Royal Dutch Shell Chief Financial Officer Jessica Uhl said in a conference call following first quarter 2018 results:

* SHELL CFO UHL SAYS “ON TRACK BUT NOT THERE YET” TO TRIGGER $25 BILLION BUYBACK PROGRAMME

* SHELL CFO UHL SAYS “QUESTION OF TIME, NOT INTENT” TO BEGIN BUYBACKS

* SHELL CFO UHL SAYS GAS TRADING “PARTICULARLY SOFT” IN FIRST QUARTER 2018 

* SHELL CFO UHL SAYS THERE IS STILL OPPORTUNITY TO FURTHER DRIVE DOWN OPERATING COSTS Further company coverage: ( read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s Earnings Have Gas, Could Be More Well-Oiled

Shell’s gas production was up nearly 10% on the year—from just a 2% rise the previous quarter. PHOTO: PATRICK HAMILTON/BLOOMBERG NEWS By Nathaniel Taplin: April 26, 2018 5:08 a.m. ET

Shell turned in a strong first-quarter 2018, thanks to higher oil prices and fat volume increases in natural gas. Gas production was up nearly 10% on the year—from just a 2% rise the previous quarter—and earnings jumped 67% to $5.9 billion, the highest for one quarter since 2013. That’s all great news for shareholders. The fly in the ointment, like the quarter before, is Shell’s declining output of liquid fuels—crude oil and natural gas-drilling byproducts such as ethane—which means that it can’t fully reap the benefits of rebounding oil prices… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Higher oil and gas prices boost Royal Dutch Shell profits by 69%

The group was also helped by a strong performance from its liquefied natural gas businessSERGEI KARPUKHIN / REUTERS

Royal Dutch Shell has reported a 69 per cent rise in profits to $5.7 billion for the first quarter on the back of higher oil and gas prices.

The Anglo-Dutch oil group said it had also benefited from a particularly strong performance in its “integrated gas” business, which includes production and shipping of liquefied natural gas, and from improved profits from exploration and production.

Underlying profits, stripping out one-off items, rose 42 per cent to $5.3 billion, the highest quarterly profit since the third quarter of 2014 and marginally above analysts’ expectations. A slight decline in free cashflow compared with the same period a year ago appeared to unnerve investors, however, and Shell’s shares fell 2 per cent in early trading. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell profits soar on stronger oil prices

Ron Bousso: APRIL 26, 2018

LONDON, April 26 (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in profits in the first quarter of 2018, the highest in over three years, boosted by higher oil prices and beating analysts’ expectations.

Net income attributable to shareholders in the quarter, based on a current cost of supplies (CCS) and excluding identified items, rose to $5.322 billion from a year ago, compared with a company-provided analysts’ consensus of $5.277 billion.

A year ago, net income was $3.754 billion. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Royal Dutch Shell Group .com Rotating Header Image Oil price rise sets up Shell for big profit

Shell reported underlying profits of $16 billion last yearDANIEL KALISZ/GETTY IMAGES

Emily Gosden, Energy Editor: April 23 2018

Royal Dutch Shell is expected to report its strongest quarterly results since 2014 this week.

Boosted by the rebound in oil prices, the Anglo-Dutch energy company is expected to announce underlying profits of $5.3 billion for the three months up to March, compared with $3.8 billion in the same period last year.

Such a result would be the first time that profits have topped $5 billion since the third quarter of 2014, when crude prices were just beginning to fall below $100 a barrel. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s Profits Soar From Strong Asian Demand

By Tsvetana Paraskova – Apr 20, 2018, 10:00 PM CDT

Oil major Shell has snapped up over 8 million barrels of June-loading crude oil grades from the Middle East and Russia and has resold some of the cargoes in Asia, taking advantage of the strong Asian demand, Reutersreported on Friday, citing five trading sources.

Wider Brent premium over the Middle Eastern benchmark Dubai this month has made Atlantic crude oil supplies more expensive than the Middle Eastern and Russian supplies, which are priced off the Dubai benchmark. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

NAM EARTHQUAKES: Safety of Groningen people and their future is paramount

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Fatih Birol: ‘Nobody should think that the switch to clean energy is free.’: Photo: Michel de Groot for Het Financieele Dagblad

IEA director: ‘Do not just close the gas tap in Groningen’

Jeroen Groot • Fair

When it comes to energy and the energy transition, world leaders can not get around him. The Turkish economist and energy expert Fatih Birol (60) has been director of the International Energy Agency (IEA) since September 2015, with publications such as the World Energy Outlook for decades the source for analyzes on the energy market.

On Monday he was briefly in the Netherlands to talk about energy policy in The Hague, with Minister Eric Wiebes of Economic Affairs and Climate and the bosses of the major energy companies. His advice: be careful with the Groningen gas, despite the earthquakes. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

BP, Shell execs report surprise production boost from mature wells

|About: BP p.l.c. (BP)|By: , SA News Editor

  • BP CEO Bob Dudley has spent 38 years in the oil business, and he says has never seen anything like what happened with the company’s mature oil fields last year – their production increased.
  • Results across the industry were not as spectacular as BP’s but still impressive, executives and officials at the CERAWeek conference said this week; the International Energy Agency reported production from mature fields fell 5.7% last year, the smallest decline in at least a decade. FULL ARTICLE
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell’s U.S. shale output plans prioritize oil over natgas

    Ron BoussoErnest Scheyder: 8 March 2018

    HOUSTON (Reuters) – Royal Dutch Shell Plc (RDSa.L) is focused on increasing its U.S. shale operation’s oil production while slowing investment in lower-margin natural gas, an executive said on Thursday. The Anglo-Dutch company aims to boost its overall shale production by 200,000 barrels of oil equivalent per day (boe/d) to 500,000 boe/d between 2017 and 2020, mostly in the United States with some production in Argentina. FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Fossil fuel groups risk wasting $1.6tn on projects

     — Energy Editor

    Royal Dutch Shell set a new target last November to reduce the net carbon footprint of its energy products by about half by 2050. The Anglo-Dutch group has committed to spend up to $2bn a year on renewables and other cleaner sources of energy and other European oil and gas groups are making similar moves. Andrew Brown, Shell’s director of exploration and production, told a conference in London last month… FULL FT ARTICLE

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    How Shell hid a Whale before placing Mexican oil bet

    Ron BoussoMarianna Parraga: MARCH 2, 2018

    Shell’s oil and gas reserve life – the number of years it can sustain production at its current levels – has steadily declined in recent years despite the acquisition of BG Group

    LONDON/HOUSTON (Reuters) – The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one. The size of Shell’s cash payments – $343 million out of the total of $525 million that Mexico earned in the sale – far outstripped its competitors’ offers, guaranteeing that the company swept up nine of the 19 offshore blocks. The Anglo-Dutch major knew something no one else did. FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell To Shut Louisiana Refinery Gasoline Unit For Overhaul In June

    By Tsvetana Paraskova – Feb 23, 2018, 6:00 PM CST

    Royal Dutch Shell plans to shut for a planned overhaul the 92,000-bpd gasoline producing unit at its refinery at Convent, Louisiana, for some six weeks starting in June, Reuters reported on Friday, quoting sources familiar with the refinery’s plans. The gasoline-producing fluid catalytic cracking unit (FCCU) at the 227,586-bpd Convent refinery, as well as the alkylation unit with 16,500 bpd capacity, are planned to be shut for an overhaul this summer, after Shell scrapped plans in November last year to permanently close the gasoline-producing unit at Convent. Shell decided not to permanently close the gasoline unit in early 2018, opting instead to overhaul it to extend its production life for at least another four to five years, Shell spokesman Ray Fisher told Reuters at that time. FULL ARTICLE read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    In the deepwater versus shale oil contest, Shell backs both

    Ron BoussoDmitry Zhdannikov: FEBRUARY 20,2018 LONDON (Reuters) – Royal Dutch Shell (RDSa.L) will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world of low crude prices, the head of its oil and gas production said on Tuesday.

    Shell’s deepwater production in Brazil, Nigeria, the Gulf of Mexico is much bigger and more profitable, but the firm sees the nimble, fast-returns U.S. onshore shale as an engine for growth.

    “We can see strong (shale) production growth, strong cash surpluses that gives us a balance in our portfolio where you can ramp investment up and down, you can moderate that, very unlike deepwater which is quite chunky,” Andy Brown told Reuters in an interview on the sidelines of the IP Week conference. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
    %d bloggers like this: