印尼成品油高度依赖进口。印尼能源和矿产资源部表示，燃料供应短缺源于私营石油公司对非补贴燃料 需求激增，其进口配额已迅速耗尽。 印尼能矿部部长巴赫利尔·拉哈达利亚15日呼吁私营石油公司与印尼国家石油公司合作，以确保燃料供 应并避免进一步困难。他表示，政府将持续监测实际情况，包括对就业的潜在影响，并与印尼国家石油 公司协调，尽快解决私营加油站的燃料短缺问题。 这是印尼私营加油站今年第2次面临此类短缺，1月底至2月初也出现类似断供情况。 新华财经雅加达9月18日电（记者冯钰林陶方伟）印尼当地媒体18日报道称，壳牌公司和英国石油公司 在印尼运营的私营加油站燃油库存告急，导致民众只能依赖印尼国家石油公司加油。 "自上周以来，我每天早上都会前往壳牌加油站，希望能够买到油，但始终无果，只能选择到印尼国家 石油公司加油，"西爪哇省勿加泗居民穆罕默德·迪卡表示，"司机们被迫一次又一次地改去其他加油 站。" 29岁的德波居民易卜拉欣·哈尼夫表示，他已连续数日未能开车，因为附近的壳牌和英国石油加油站均 无燃油供应，"17日我不得不前往印尼国家石油公司加油站，因为需要出城，"他说。 壳牌印尼公司16日证实已缩短营业时间，并安排部分员 ...

Core Insights - Energy security and affordability have become more important than concerns about stranded assets, leading major oil and gas companies to refocus on exploration after years of prioritizing clean energy solutions [1] - Major oil companies have reduced investments in renewable energy due to poor returns and challenges related to demand, costs, and regulations [2] Exploration and Production Focus - European majors BP and Shell have reversed their earlier commitments to reduce oil and gas production, now focusing on increasing production and exploration in key regions [3] - Significant oil discoveries have been made in Guyana, Suriname, Namibia, and Brazil, indicating a resurgence in exploration efforts [3] U.S. Supermajors' Strategies - U.S. supermajors Exxon and Chevron are investing heavily in Guyana's Stabroek offshore block, with Exxon operating the block and Chevron acquiring a minority stake through a multi-billion-dollar deal [4] - TotalEnergies is also developing resources in Suriname and plans to advance projects in Namibia [4] Regional Developments - Shell has reported exploration success in Namibia and is planning drilling activities in South Africa's Orange Basin, although these efforts face environmental challenges [5] - BP has made a significant oil and gas discovery in Brazil's Santos Basin, marking its largest find in 25 years [6] BP's Recent Discoveries - BP's exploration well in the Bumerangue block has identified a gross hydrocarbon column of approximately 500 meters in a high-quality pre-salt carbonate reservoir, covering over 300 square kilometers [7] - BP's executive vice president highlighted the discovery as part of a successful year for the exploration team, reaffirming the company's commitment to upstream growth [8]

Company Performance - Shell (SHEL) closed at $71.41, reflecting a -1.27% change from the previous day, underperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, Shell's stock has increased by 1.23%, which is lower than the Oils-Energy sector's gain of 3.89% and the S&P 500's gain of 2.57% [1] Earnings Forecast - The upcoming earnings report for Shell is expected to show an EPS of $1.46, representing a 23.96% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $73.69 billion, indicating a 1.69% increase from the previous year [2] - Full-year estimates predict earnings of $6.09 per share and revenue of $282.18 billion, reflecting year-over-year changes of -19.02% and -2.37%, respectively [3] Analyst Estimates and Valuation - Recent modifications to analyst estimates for Shell are crucial as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Shell at 3 (Hold) [6] - Shell's Forward P/E ratio stands at 11.87, which is a premium compared to the industry average of 11.21 [6] - The company has a PEG ratio of 1.9, compared to the industry average PEG ratio of 1.84 [7] Industry Context - The Oil and Gas - Integrated - International industry, which includes Shell, has a Zacks Industry Rank of 152, placing it in the bottom 39% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Insights - Shell Energy Europe Limited has been appointed as the renewable energy supply manager for Google in the UK, aiming for a carbon-free energy supply by 2030 [1][14] - The partnership focuses on advanced trading and battery storage to balance the variability of renewable energy sources, ensuring a reliable supply for Google's operations [2][3] - Google's new data center in Waltham Cross is projected to operate with 95% carbon-free energy by 2026, highlighting the commitment to sustainable digital infrastructure [4][5] Renewable Energy Supply Management - Shell's expertise in electricity trading and portfolio optimization is crucial for managing Google's renewable power supply [2][6] - Battery energy storage systems are utilized to absorb excess renewable energy and release it during low generation periods, ensuring a continuous supply [3][12] Strategic Data Center Support - The inauguration of Google's data center coincides with Shell's appointment, emphasizing the need for clean energy to support AI services and other digital operations [4][10] - The collaboration aims to reduce carbon emissions associated with energy-intensive sectors like data centers [5][11] Corporate Decarbonization Efforts - Shell's diversified renewable asset portfolio allows for tailored energy solutions that meet the demands of large technology companies [6][7] - The partnership exemplifies Shell's strategic focus on supporting large-scale decarbonization through flexible renewable energy offerings [7][14] Offshore Wind Power Purchase Agreements - Shell Energy Europe has secured three power purchase agreements with Google for renewable electricity from offshore wind farms, reinforcing Google's commitment to 100% renewable energy [9][10] Enhancing Power System Stability - Shell's battery management capabilities support the UK's power system stability by balancing supply and demand, which is vital as renewable energy penetration increases [12][13] - The integration of renewable energy generation with storage and trading strategies is essential for the UK's transition to a low-carbon energy future [13][14]

Core Viewpoint - The 2025 Shanxi (Taiyuan) Energy Industry Expo will be held from September 27 to 29, focusing on "green low-carbon transformation and the construction of a new energy system" with an emphasis on internationalization, green electricity advantages, and technological innovation [1] Group 1: Event Overview - The expo will be organized by the Shanxi Provincial Department of Commerce, along with relevant provincial departments and local governments, covering an exhibition area of 50,000 square meters [1] - There will be eight exhibition zones, including thematic image, international, green electricity, energy technology innovation, central state-owned enterprises, new energy, smart energy, and energy equipment zones [1] - Over 400 domestic and international energy companies are expected to participate, showcasing new technologies, achievements, and applications in the energy sector [1] Group 2: International Participation - The expo will feature an international exhibition zone, inviting 30 international companies from 10 countries, including Tesla, ABB, Shell, and Honeywell [1] - The event will host foreign business representatives and associations, organizing roundtable discussions on foreign investment in China and clean energy international cooperation [1] Group 3: Green Electricity and Technological Innovation - A new green electricity exhibition zone will be set up to showcase the province's efforts in local green electricity resource conversion, low-carbon industrial transformation, and the construction of seven green electricity industrial parks [2] - The energy technology innovation exhibition zone will highlight new technologies and products in areas such as green intelligent coal mining, flexible coal power generation, coal-to-oil and gas, high-end chemicals, coal-based solid waste disposal, coalbed methane exploration, geothermal resource development, and new energy storage [2]

Let's start with this Shell. It is the top holding in your Cohen and Steers natural resources active ETF. Last week I did a fireside chat with their CEO while Sawan in Italy.He is very focused on putting Shell back on top. They are already the world's biggest trader of LNG. Why is this the biggest holding in your active ETF.Yeah, you know, we've spent the last few years thinking about what the future of energy markets are going to look like. And we've been thinking about it as this, hey, it's not really an ...

Core Insights - The expansion of the LNG Canada project, led by Shell plc, is now a fast-tracked national infrastructure project in Canada, aimed at solidifying the country's position as a major LNG exporter and supporting economic growth amid global energy shifts [1][8] Group 1: Project Overview - The LNG Canada project is a joint venture involving Shell (40%), Petronas (25%), Mitsubishi Corporation (15%), PetroChina (15%), and Korea Gas Corporation (5%) [3] - The project aims to double the facility's annual export capacity from 14 million to 28 million metric tons, potentially making it the world's second-largest LNG terminal [3][8] - Phase 1 of the project commenced exports in 2025, following a $40 billion investment, with Phase 2 expected to progress rapidly due to government prioritization [3][4] Group 2: Economic Impact - The expansion is projected to diversify energy exports beyond the U.S., strengthen global LNG supply chains, and create numerous well-compensated job opportunities [4] - The combined investments from the LNG Canada project and four other prioritized projects are expected to generate $60 billion, significantly transforming Canada's trade landscape [4][8] Group 3: Environmental Considerations - The expansion faces scrutiny regarding its alignment with national and provincial emissions targets, despite the consortium's claims of lower-than-average emissions [5] - Ongoing negotiations are focused on maximizing both climate and economic benefits from the project [5] Group 4: Strategic Importance - The LNG Canada expansion is a key element of Canada's strategy for construction, trade, and energy security, aimed at countering U.S. tariffs and boosting exports to Asia [6] - The project emphasizes the need for a final investment decision and innovations in low-carbon LNG to position Canada as a global LNG powerhouse [6]

Group 1 - Shell plc (SHEL) has entered into a 15-year LNG sales and purchase agreement with Edison, where Edison will buy 0.7 million tons of U.S. LNG annually starting in 2028 [1][8] - The agreement allows Edison to expand its LNG and gas portfolio, enhancing flexibility to meet growing demand for LNG and reinforcing the U.S. as a reliable supply source [2][3] - Edison plans to utilize its own fleet for logistics, improving supply chain reliability and efficiency [3][8] Group 2 - Repsol S.A. is positioned as a strong player in the energy sector with a focus on transitioning to cleaner energy solutions [4][5] - Antero Midstream Corporation offers stable cash flow through long-term contracts, making it attractive for investors seeking consistent returns [4][6] - Galp Energia has made significant oil discoveries, particularly the Mopane prospect, which could hold nearly 10 billion barrels of oil, enhancing its global presence [4][7]

Company Performance - Shell's stock increased by 1.02% to $72.65, outperforming the S&P 500's daily gain of 0.3% [1] - Over the past month, Shell's stock has decreased by 0.46%, underperforming the Oils-Energy sector's gain of 1.33% and the S&P 500's gain of 2.09% [1] Financial Expectations - Shell is expected to report an EPS of $1.46, reflecting a decline of 23.96% from the same quarter last year [2] - Revenue is anticipated to be $73.69 billion, indicating a 1.69% increase from the prior-year quarter [2] Full-Year Estimates - The full-year Zacks Consensus Estimates project earnings of $6.09 per share and revenue of $282.18 billion, representing year-over-year changes of -19.02% and -2.37%, respectively [3] - Recent analyst estimate revisions are crucial as they reflect near-term business trends and can indicate analyst optimism about profitability [3] Valuation Metrics - Shell's Forward P/E ratio is currently 11.81, which is higher than the industry average of 10.52 [6] - The PEG ratio for Shell stands at 1.89, compared to the industry average PEG ratio of 1.83 [6] Industry Context - The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries [7] - Research indicates that industries in the top 50% rated by Zacks outperform those in the bottom half by a factor of 2 to 1 [7]

Core Insights - Shell plc has signed a landmark 10-year natural gas supply agreement with Hungary's MVM CEEnergy, enhancing its presence in Central and Eastern Europe and diversifying the region's energy supply [1][19] - The agreement will see Shell deliver approximately 200 million cubic meters of natural gas annually to Hungary starting January 2026, reinforcing energy security in the context of geopolitical tensions following Russia's invasion of Ukraine [2][19] - This deal positions Shell as a stable alternative to Russian energy suppliers, following a previous six-year agreement that supplied 250 million cubic meters of LNG annually to Hungary [3][19] Hungary's Energy Strategy - Hungary has historically relied on Russian gas imports but is strategically expanding partnerships with Western energy suppliers like Shell [4][5] - The new agreement is described as Hungary's largest and longest Western energy supply deal, reflecting a careful strategy to incorporate more Western energy sources while maintaining existing Eastern supply routes [5][19] - Despite increased LNG procurement, Hungary remains the largest EU buyer of Russian gas, consuming around 8 billion cubic meters annually, with significant imports still coming from Gazprom [8][9] Infrastructure and Logistics - Natural gas deliveries from Shell will be routed through Croatia's Port Krk, utilizing the Hungary-Croatia gas pipeline to facilitate cross-border energy flows [6][10] - The strategic importance of LNG terminals in Southeast Europe is highlighted, particularly for landlocked countries like Hungary, which are seeking to diversify their energy sources [7][19] - Hungary acknowledges infrastructural limitations that hinder a complete transition away from Russian gas, emphasizing the need for long-term contracts like the one with Shell for energy security [11][12] Regional Dynamics and EU Relations - Hungary's energy decisions are driven by national interests rather than ideological alignment, as evidenced by its resistance to EU proposals aimed at phasing out Russian energy imports [13][14] - The country sources gas through multiple regional pipelines, including imports from Romania and Austria, but still relies heavily on Russian supply [15][16] - The Shell deal is part of a broader strategy for Shell to solidify its position in emerging European energy markets amid increasing global LNG demand [17][18]