Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Old boy Tom has lost his way I believe
Just can’t cut a deal with the big boys these days
Maybe if you are so concerned you should sell up and invest in something you consider less risky?
PMG is solid in my view but it is an AIM listed oil and gas company (with some renewables), so not for widows and orphans as they say.
Word to the wise that the poster fortunhunter is I'll informed & uninformed ! Seemingly with some SNP nationalist inclination there is a non investment agenda being placed !
Fortunehunter
I think your on the wrong bulitin board , you made your point now do you have any interesting information regarding Pakmead?
I for one am not interested in the SNP.
Thank you.
Another article that concerns me - no one else on this BB though, apparently.
"Nicola Sturgeon has been warned that handing Green MSPs jobs in her Government would spell "disaster" for Scottish businesses, as it emerged that a frontrunner to become a minister believes the oil and gas sector should be shut down as soon as next year.
Lorna Slater, the Green co-leader, claimed the SNP’s approach to North Sea oil and gas extraction amounted to "maximum destroying of the planet" and said there was a need to "pick a date" to entirely kill off the industry."
No political axe to grind. Invested since Tom Cross left Dana.
Did you see this debate on TV - extract verbatim below?
The end of North Sea oil and gas production within a decade could be the Scottish Greens' price for joining the SNP in coalition after next month's Holyrood election, a TV debate has heard.
There is speculation that Nicola Sturgeon is keen to seek a formal agreement with the party in an effort to boost her environmental credentials ahead of the COP 26 UN Summit in Glasgow in November, which would see Mr Harvie’s party handed ministerial posts.
Mr Harvie did not deny Mr Ross’s claim that calling for an end to North Sea oil and gas production would be his price for a deal with the SNP. Challenged over a timeframe, he suggested the industry should stop within a decade.
Fortune - you clearly have a political axe to grind. I’m not sure what you are doing on the BB to be honest. Are you invested? Or just here to tell us all about remote risks? How generous if you are!
How does this thread relate to PMG please? Which of our assets are at risk in your view? Seems to me you are scaremongering
Try having a coherent conversation without resorting to football analogies and insults.
Sadly fortune you stick out like a blue @ parkhead ! Try reading the local press in the world of ecosse & get some facts rather theories about matters :
Sorry, 25 years, and first oil I guess a few years away.
I am in favour of cambo, but at some point these long cycle projects might stop being economical.
I’m not sure what level you move at within the industry, but personally don’t know anyone who thinks a complete ban on developing licences already awarded is credible under any scenario.
The greens want independence just as much as the SNP. There will be pragmatic accommodations made with the greens but an outright ban on new developments will not happen.
Any reason you are bringing this up on PMG board? Surely we are low risk with one asset in the SNS and the big one can be developed through tie backs to existing infrastructure. This stuff happens every year and nobody cares. Cambo is in the spotlight because it is a 5 year development.
No issue with the SNP, just foreseeing a trade off from what the SNP want most, against what the Greens are determined to achieve. Not just my fear. A lot of people in the oil industry are concerned and expect the off shore industry in Scotland to be collateral damage caught between these two ideologies.
Zero chance they will shift oil position.
The bigger risk is from the UK populist partys.
I expect a pragmatic managed decline. Improve efficiency and reduce emissions by developing hubs with electrified platforms. Anything else is for fantasists. Ceasing oil production or development would cost too much.
With respect it sounds like you have an issue with SNP and are allowing that to cloud your judgement.
Trouble is I do think the SNP are blind to anything other than independence. You can see that with education, health, even the ferry contracts etc etc.
The Greens will definitely demand their pound of flesh for support in splitting up the UK by hampering the oil and gas industry.
The SNP are not stupid. They know that Scotland has a resource which is in demand around the world. The logical thing to do is exploit the resource whilst using the cash to benefit society.
Stopping oil production would be foolish. There is no contradiction in reducing our own emissions and still producing oil. My view is that the green lobby will soon have a reckoning with the real world where oil and gas are required for the next 30 years at least. Do we want to rely on Iran, SA and Russia?
Remember in 2014 ref document oil was their treasury but changed days now proves the realities that Scotland cannot support itself financially and the standard of living for 5.5m Scots would be significantly negatively impacted by any punitive restrictions !!! Catch 22 / 22 imho
Without oil , whisky and tourism therevqill be a financial shortfall that the SNP cant plug ! Terms are set that energy will be still gloves off but then that's why Tom has a balanced approach with wind ! Oil and gas will argue that they will deliver combined renewable co2 neutral policies from the profits of carbon fuels !!!
With the SNP and the Greens now in cahoots the oil industry north of the border is up against it.