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Shell warns $ 22 billion hit from falling coronavirus prices

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Shell warns $ 22 billion hit from falling coronavirus prices
Skin (RDSA) cut its energy price outlook Tuesday, saying in a statement that it expects Brent crude to cost $ 40 per barrel in 2021 and $ 50 per barrel in 2022. Prices are expected to rise to $ 60 per barrel in 2023.
The company said the changes in the estimated price reflected economic trauma caused by a coronavirus pandemic, which has plunged countries around the world into recession and sharply reduced energy demand.

Brent crude futures hit their lowest levels in decades in April, falling below $ 20 a barrel. They have made a comeback to trade above $ 41 a barrel, but that is still far below where prices started this year.

Shell said on Tuesday that it expects to take over between $ 15 billion and $ 22 billion in the second quarter as a result of shifting market conditions. It is scheduled to report its financial results for the quarter on July 30.

The company said in a statement that they would continue to “adapt to ensure business remains resilient.” Shell deducts dividends in April for the first time since World War II in an effort to save money.

A large slump in oil and gas demand this year has pushed many of the biggest industrial companies to accelerate the transition to cleaner fuels. Shell has committed to achieving zero net carbon emissions from its own operations by 2050.

BP left petrochemical with sales of $ 5 billion
BP (BP) agreed to sell the petrochemical business for $ 5 billion on Monday, saying the company’s resources would be better used elsewhere as it tried to achieve zero net emissions by 2050 or sooner. BP announced earlier this month that it will be written the value of its assets was $ 17.5 billion in the second quarter.

Demand for crude oil is recovering as the country restarts its economy. But the potential revival of the virus poses a big risk to any estimate, helping to keep a lid on prices even as supplies soften.

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Portuguese historical films will premiere on 29 December.

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Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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