Member Info for Callum28

High CPI print in US today ,it's just the start

Inflation up
Which result in commodities up oil Natural gas metals etc

A boom in commodity prices is in full swing. Stock markets and house prices (in the UK, as well as the US) are already in inflation mode. US companies are talking about difficulties in hiring new staff. Washington is about to crank up its enormous (and much-needed) infrastructure programme. If you own a restaurant that has struggled to get through the past year, why wouldn’t you try your luck and see if the customers will pay more?

https://www.theguardian.com/business/nils-pratley-on-finance/2021/may/12/federal-reserve-us-inflation-investors-interest-rates

#oex with all that Natural gas in Cambay waiting to convert to Hydrogen
https://www.business-standard.com/article/economy-policy/working-on-hydrogen-natural-gas-synergy-broader-role-for-former-pradhan-121041500832_1.html

New pockets of demand
Prasad said India's gas utilization would not only continue to grow on the back of the government's ambition to raise its share in the energy mix to 15% from the current level of less than 7%, but also due to diversification into areas beyond the traditional sectors, such as power and fertilizers.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/051221-india-ceo-series-shell-sees-opportunity-for-india-to-recover-cleaner-and-faster

Be intresting to see what happens

https://www.livemint.com/companies/news/cairn-energy-says-steps-to-realise-arbitration-award-against-india-being-taken-11620747055969.html

Macca
Think of it like a lucky dip on the lottery instead of one you now have three lines .
Gla

#oex oilex will pick up shares in the new company due to its existing holding in Armour energy.

The proposal involves establishing a new wholly-owned subsidiary, McArthur Oil & Gas Ltd. (MOGL), to hold the northern basin oil and gas assets and operations, demerging from Armour through an in-specie share distribution to existing shareholders.

https://www.ogj.com/general-interest/companies/article/14198640/armour-energy-proposes-demerger-of-its-northern-basin-oil-and-gas-assets

Could oilex make money decommishing wells in the East Irish sea.

You got admit they have built up the experience !!

“I know that’s easier said than done, so that’s why we’ve begun engagement with owners of suspended wells to promote campaigning and facilitate opportunities for collaboration, with a focus on the East Irish Sea a

https://www.energyvoice.com/oilandgas/north-sea/decom/321556/north-sea-suspended-wells/

India CEO series: ExxonMobil eyes bigger footprint in India's energy transition journey

from innovating to accelerate India's gas access to eying a role in unlocking the country's hydrocarbon potential.

"On the other side, India is taking a host of encouraging steps to invite global interest in offshore exploration, and we appreciate the petroleum ministry's willingness to make the sector more attractive. Additionally, we want to support India's energy security needs by helping to find more hydrocarbon resources domestically," he added

Davis said ExxonMobil would continue to work with India to promote the use of natural gas in the power sector. Gas-fired power generation can play a critical role in modernizing India's power sector and extend the scope for renewables.

"While India can leverage the extensive gas-fired generation capacity it already has, what will help further is giving more flexibility -- both commercial and operational -- to power producers," Davis sai

Hydrogen!!
Hydrogen can be useful in hard-to-decarbonize sectors, such as fuel for heavy-duty trucks, and to produce high temperature industrial heat for steel, refining and chemical industries. Low carbon hydrogen from natural gas with carbon capture and storage, or CCS, has cost and scale advantages in the near and medium term," Davis said.

Davis said as the COVID-19 vaccine rollout continues in India, it should further support demand recovery.

"Although we will, doubtless, see some effects from the second COVID-19 wave, India's ability to navigate challenges continues to improve. Against this background, we expect India to revert towards a stable overall consumption trajectory over the course of the year," he added.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/051121-india-ceo-series-exxonmobil-eyes-bigger-footprint-in-indias-energy-transition-journey

https://www.morningstar.co.uk/uk/news/AN_1620725097137040400/cairn-energy-optimistic-amid-indias-dutch-claim-portfolio-revamp.aspx

yup I support that Conger
Gla

I reckon we need some Monkey magic from Gordon

https://open.spotify.com/album/67q4pv3RAZskK3NvF8jKA7?si=0MWIg7GrRVOs1jWXBb5-VA

lowtide

I cant even cook a tin of beans !!

:)

off topic

Pubs are stuggling to get staff

https://www.bbc.co.uk/news/business-56919575

nightmare

chefs are the hardest to find!

Our house that what it is

its Madness

https://www.youtube.com/watch?v=KwIe_sjKeAY

Gla

I'm interested to see what happens to do today .

Some want it as low as possible down to the .20-.22s so they can get in bellow sophisticated investors .

Those who bought in at .238 in placement want it to go up

It's quite interesting to see how market forces
short term workk out when your a small minnow like me.

Gla

For new folks

Who are Rim?

https://www.bloomberg.com/profile/company/4624871Z:SP

Who is Anwar awan?
https://www.afr.com/companies/energy/singapore-fund-moves-on-innamincka-20110201-j4tj3

Have a look what happened to innamincka

https://www.smh.com.au/business/innamincka-shares-soar-on-drillsearch-bid-20100908-150l9.html

Anyway the Guys here for a reason.

Gla

So you think Adani or Reliance with there infastructure as JV.
Hmm don't see why they would invest as we still haven't proven we can get the stuff out TBH

In general, companies farm-in for the opposite reasons to those farming out. One reason is that the buyer has funds and a shortage of acreage and prospects and, conversely, the seller has acreage and is short of funds.

A second reason is rationalisation. The seller may want to get rid of acreage which is peripheral to its main operations. This may be instigated following a change of management or when one company takes over another company and inherits a diverse portfolio of acreage which may require consolidation in particular areas. An additional motivation to rationalise can be that the seller has a small equity holding in a concession which will take almost as much management time as a much larger holding. Often companies will dispose of assets which consume time and effort to an extent which they regard as disproportionate to their value in order to concentrate on acreage where they have reasonably sized interests.

Thirdly proximity to local production infrastructure, platforms and pipelines is also a strong motive for seeking a farm-in in a particular vicinity, especially if the farming-in party has an interest in the infrastructure, platforms or pipelines. The farming-in party can use its vote to ensure that future development on the concession will use the nearby facilities and so provide additional income for it and its partners owning the nearby facilities. In a situation where the party farming-in has an interest in an adjoining concession there is an additional advantage that, as a co-owner of the data valuable to its neighbouring interest and, even though it will be subject to be very difficult to prove that the data is being used for a purpose not permitted by the joint operating agreement.
Finally, as a practical matter for those involved in farming-in and farming-out, it can be seen that since the whole farm-in/farm-out transaction is dependent on government consent, it is advisable to consult the relevant arm of the government at an early stage when negotiating this sort of agreement. The government will be interested in the identity of the farm-in party (in some cases, its nationality), its financial strength and its technical ability.

“Clearly, the market is focusing more on re-openings, rather than the latest COVID-19 wave from the world’s third-largest oil consumer, India,” said Warren Patterson, head of commodities strategy at ING, in a note titled, “Reopening Euphoria.”

“Part of the reason for this is the fact that the Indian government appears reluctant to impose a national lockdown, despite calls for one. However, if we were to eventually see a national lockdown imposed, this would likely hit sentiment,” he said.

https://www.marketwatch.com/story/oil-rises-toward-70-a-barrel-on-reopening-euphoria-11620216877

https://www.youtube.com/watch?v=F3d6za8LnGU

letting the days go by!!

im in fun moood !!

GLA