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Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

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Share Price: 2,772.00
Bid: 2,771.50
Ask: 2,772.50
Change: 11.50 (0.42%)
Spread: 1.00 (0.036%)
Open: 2,760.50
High: 2,777.50
Low: 2,752.50
Prev. Close: 2,760.50
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Kazakhstan raises oil and gas condensate output 7% in 2023

Tue, 09th Jan 2024 13:09

Kazakh oil output up to 1.57 mln bpd in Dec, above OPEC+ quota

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Production plans in Kazakhstan were at 90.5 mln T

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Kazakh oil production beset by rough weather, maintenance

By Alla Afanasyeva

MOSCOW, Jan 9 (Reuters) - Kazakhstan increased its crude oil and gas condensate production by 7% in 2023 to 89.9 million metric tons (1.8 million barrels per day), slightly below a planned 90.5 million tons, Reuters calculations based on official data showed on Tuesday.

In December, daily output rose by 3% to 1.83 million barrels per day (bpd) from November. Kazakhstan's energy ministry did not respond to a request for comment.

The country's oil production has been beset by weather-related disruptions to exports via the Black Sea and maintenance at its key oilfields.

Crude oil output excluding gas condensate, a type of light oil, rose by 3% on a monthly basis in December to 1.57 million bpd, above the 1.55 million bpd quota set by a deal between countries at the OPEC+ group of leading global oil producers.

According to Reuters calculations, based on industry sources and official data, oil production at the Chevron-led venture developing the Tengiz oilfield edged down 1% last year to 630,100 bpd.

Output at the Kashagan offshore field - developed by Kazakh state firm KazMunayGaz, Shell, TotalEnergies , Eni, ExxonMobil, CNPC, and Inpex - jumped by 48% to 407,400 bpd.

Kashagan, which is considered to be the most important oil find since the discovery of Prudhoe Bay in Alaska in the 1960s, has been cranking oil output broadly in line with the recent plans.

Production at the Karachaganak field increased by 7% to 259,770 bpd.

About 80% of Kazakh oil exports are piped through the Caspian Pipeline Consortium's Black Sea terminal, with additional volumes going through another Russian pipeline. Much smaller quantities are shipped to China. (Reporting by Alla Afanasyeva; writing by Vladimir Soldatkin; Editing by Kirsten Donovan and Jan Harvey)

More News
6 May 2024 15:01

Shell to exit South Africa's downstream businesses

CAPE TOWN, May 6 (Reuters) - Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday.

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6 May 2024 09:10

Tanzanian LNG project delayed as government seeks to change terms

LONDON, May 6 (Reuters) - Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said.

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6 May 2024 08:33

Tanzanian LNG project delayed as government seeks to change terms, sources say

LONDON, May 6 (Reuters) - Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, two sources from companies involved in the project said.

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3 May 2024 18:36

Oil majors offered faster Nigerian exit if they pay for cleanup

ABUJA, May 3 (Reuters) - Major oil companies such as Exxon Mobil and Shell that aim to exit Nigeria's onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said on Friday.

Read more
3 May 2024 16:53

Europe Gasoline/Naphtha-Gasoline cracks rise as exports pick up

LONDON, May 3 (Reuters) - Northwest European gasoline refining margins rose slightly to $23.2 a barrel on Friday after ARA stocks dropped with exports to North America gaining pace.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $896-$8 $896-$8 BP, Gunvor
Barges 96.25 99 Litasco
Argus (8KT)
E5(fob
AR)
Ebob $882-$8 $883-$8 P66, BP Varo,
Barges 82.25 84 Total
E10 Argus (10KT)
(fob AR)
June swap $862.50 $865.25
(fob ARA)
Premium $876 885.00- Vitol Trafigu
Unleaded $888.50 ra,
(fob ARA) (21 Litasco
<PU-10PP- barges)
ARA>
Cargoes May
(fob MED) +$15
Cargoes $908
(cif NEW) (Thames
)
Naphtha May +$6
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $23.15 Prev. $22.81
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ron Bousso; Editing by Kirsten Donovan)

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3 May 2024 15:22

Oil majors offered faster Nigerian exit if they pay for cleanup

ABUJA/LAGOS, May 3 (Reuters) - Majors such as Exxon Mobil and Shell that aim to exit Nigeria's onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said on Friday.

Read more
3 May 2024 13:47

British regulator awards more North Sea oil and gas licences

NSTA awards 31 new licences aimed at boosting output

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3 May 2024 11:44

Shell's Q1 performance "encouraging", says RBC

(Sharecast News) - RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter.

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3 May 2024 11:00

US stands to lose Canadian natural gas when LNG Canada terminal starts up

May 3 -

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3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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2 May 2024 19:49

Shell smashes forecasts with $7.7 bln quarterly profit

Shell announces further $3.5 bln in buybacks

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2 May 2024 18:40

Europe Gasoline/Naphtha-Gasoline cracks dip despite European stock draw

LONDON, May 2 (Reuters) - Northwest European gasoline refining margins slipped to $21.67 a barrel on Thursday, even as European gasoline stocks dipped and oil edged back toward seven-week lows.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $896-$8 $905.25 Litasco Gunvor,
Barges 99 -906 , Exxon,
Argus (8KT) (8KT) Shell, Mabanaf
E5(fob Glencor t
AR) e
Ebob $883-$8 $887.75 Shell, Varo,
Barges 84 (6KT) Exxon, Totsa
E10 Argus (10KT) Musket
(fob AR)
May swap $865.25 $875
(fob ARA)
Premium 885.00- $902-90 Litasco Trafigu
Unleaded $888.50 5 (5 , Varo, ra,
(fob ARA) (21 barges) Vitol Gunvor
<PU-10PP- barges)
ARA>
Cargoes May
(fob MED) +$15
Cargoes
(cif NEW)
Naphtha May +$6
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $21.674 Prev. $23.184
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Noah Browning;Editing by Elaine Hardcastle)

Read more
2 May 2024 17:06

FTSE 100 boosted by strong earnings from Shell, StanChart

StanChart jumps after posting a 5.5% rise in pretax profit

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2 May 2024 16:07

London close: Stocks rise on back of well-received earnings

(Sharecast News) - London's stocks finished with gains on Thursday, fuelled by strong performances from key players like Standard Chartered and Smurfit Kappa.

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2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Chartered impressed.

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