George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Https://oilprice.com/Energy/Energy-General/Ukraine-War-Boosts-Big-Oil-Profits-Highlights-Energy-Security.html
Strangely from the headline it’s not anti big oil
WP
There is no substitute for good old common sense.
Although will admit there are some really clever people BP( or there used to be, so I assume there still are).
On more than one occasion have seen total lack of common sense, come very close to multiple serious injuries.This from degree educated employees.
So always take time to think,it’s never wasted.
Absolutely Tinker! How am I meant to compete with that level of brainpower! 😂
I’m wondering if this has any significance to BP Rosneft.
Will it make Putin pause.
Or will it make him react to show the world he can.
And BP are the biggest target.
Time will tell
Colombia Mulls Permanent Ban on New Coal. Colombia’s government is proposing a mining bill that would ban all new exploration and production for coal, in line with President Petro’s 2022 pre-election pledges, despite coal mining accounting for 1% of the country’s GDP.
Goldman Sachs Has Uranium In Sight. US investment bank Goldman Sachs (NYSE:GS) has greatly boosted its trading in physical uranium supplies, according to market reports it is also trading uranium futures, and writing options on physical uranium for hedge funds.
UN Acquiesces to Deep Sea Mining. According to the head of the UN-linked International Seabed Authority, deep sea mining is only a matter of time as the organization meets in Jamaica next month, with Norway already greenlighting deep sea exploration in January.
Mine Closures Finally Affect Lithium. Australian lithium stocks such as Pilbara Minerals or Liontown Resources enjoyed a rare stock rally this week amid rumors that Chinese EV maker CATL had closed its Jianxiawo mine in China, 3% of the transition metal’s global supply.
Singapore Mandates SAF Usage from 2026. Singapore will require all flights departing the country to use at least 1% of sustainable aviation fuel from 2023 onwards, a target it seeks to raise to 5% by 2030, with SAF currently costing five times more than traditional jet fuel.
North Sea Drillers Wary of UK Elections. Oil companies operating in the UK continental shelf in the North Sea said they would hold crisis talks to discuss the industry’s future as the opposition Labour Party promised to lift the oil windfall tax to 38% and extend its duration until 2030.
Qatar Eyes Petrochemical Expansion. Endowed with 11% of the world’s natural gas reserves, Qatar is preparing to break ground for its $6 billion Ras Laffan petrochemical project, set to feature the Middle East’s largest ethane cracker and two new polyethylene trains.
Europe’s Carbon Market Is Struggling. The combination of mild weather, high wind generation, declining natural gas prices, weak ETS trading activity, and EU recession have brought European carbon prices below €55 per tonne CO2, for the first time since August 2021.
Gunvor Takes Colombia to Court. Global energy trader Gunvor filed an appeal against the Colombian government after Bogota introduced a government trustee to oversee the operations of Gunvor’s Colombian subsidiary, accusing it of creating crime networks and crude smuggling.
There have been four strikes in three days in the Red Sea as a result of the Houthi's renewed maritime offensive, with Rubymar potentially becoming the first tanker to sink in the Bab-el-Mandeb strait since the most recent disruptions started. Combined with China’s record cut to its prime mortgage rate, a signal that Beijing is taking stimulus seriously, Brent’s current pricing range around $83 per barrel might test the mid-80s soon.
Houthis Sink UK-Linked Bulker. Escalating the Red Sea maritime warfare further, Houthi militias attacked a British-registered cargo vessel Rubymar carrying fertilizer in the Bab-el-Mandeb strait, prompting the crew to abandon the ship as it was at risk of sinking.
Saudi Aramco to Issue 2024 Bonds. Saudi Arabia’s national oil company Saudi Aramco (TADAWUL:2222) will most probably issue a bond this year, said the company’s CFO Ziad al-Murshed, with the bond duration expected to be 15 to 50 years.
Gas Price Slump Frightens Investors. As US natural gas prices declined to the lowest level in real terms since Henry Hub started trading in 1990, currently around $1.55 per mmBtu, hedge funds have been selling their gas exposure for four weeks, leading to a net short of 1,276 Bcf.
Guyana Nearing in on New Licensing. Guyana intends to disclose the winners of the South American country’s first-ever competitive auction of offshore oil blocks by end-March, with ExxonMobil (NYSE:XOM) bidding again in a consortium with Hess and China’s CNOOC (HKG:0883).
WP, by “Oxbridge types”, you presumably mean people who got straight A’s at school and worked really hard at two of the best universities in the world?
T
Plans announced by BP CEO Murray Auchincloss and Egyptian President Abdel Fattah El-Sisi
DUBAI: Energy company BP plans to invest up to $1.5 billion in exploration activities in Egypt over the next few years, with the possibility that further investments worth nearly $5 billion will follow, the Emirates News Agency reported on Monday.
BP CEO Murray Auchincloss said the company aims to maximize the benefits derived from current oil and gas exploration activities on land and at sea, and hopes to speed up development and production plans to meet growing demand in the Egyptian energy market and support the country’s efforts to export energy surpluses.
The investment plan was announced on Monday by Auchincloss and Egyptian President Abdel Fattah El-Sisi during their meeting at the 2024 Egypt Energy Show, previously known as the Egypt Petroleum Show.
El-Sisi commended BP for its significant contributions to and growing investments in Egypt. In particular he highlighted its oil and gas exploration efforts, and said the company’s operations are in line with Egypt’s objective of becoming a regional hub for energy production and trade.
Which traitors to freedom is Rosnyeft selling to to generate such fabulous profits for Putin and his heroes …..one has to ask ?
BP to finish drilling first production well from new platform at ACG block offshore Azerbaijan in Q1
https://interfax.com/newsroom/top-stories/99581/
Https://oilprice.com/Energy/Crude-Oil/The-Oil-Market-Is-Tightening-to-2016-Levels.html
We still own a chunk, with div put into an account in Russia.
However there is noise of Russian assets in US and Europe being claimed for the Ukraine, so we might still loose this yet, in retaliation
See my basket of reason on 18th at 10:21. there are surely more……
I know this has nothing to do do with BP
But I thought I'll mention it anyway, I noticed today there has been a bid for CURRYS
I'm still surprised no one's approached BP
Https://www.businessgreen.com/news/4175551/government-green-light-gas-power-plant-ccs-teesside
IB desks are full of pvt. schooled oxbridge/lse types who still needed a good slice of nepotism to get the seat. The old guard are falling out of the industry.
Make of that what you will
As a customer, I’m a bit concerned that they publish such a spurious sp of £10 (it is however, a nice round number).
Hmmmm ….. I recall from years ago that ‘rocket scientists’ in the Stock business were those who held an O-level in Arithmetic. Perhaps times have’t changed significantky ?