Member Info for chilting

I don't think that shale will bring Trump down - the benefits to US citizens of cheap gasoline will more than compensate for any lost votes in the shale oil producing regions.

Personally I think that it will be the coronavirus that turns out to be Trump's Katrina.

The hook-up was aborted at about 16.00GMT - 6 hours.

There is a small storm going through overnight with waves above 5m - this seems to be the safety limit for HK.

HK is still close by and the forecast looks better tomorrow but rough overnight again early on Friday morning so it looks like the oil will be transferred in several goes. Maybe with another try in the early hours tomorrow ???

https://www.windfinder.com/forecast/viking_north_sea

Another one on filter.

This makes for grim reading.

https://uk.reuters.com/article/uk-global-oil/oil-falls-3-as-saudi-uae-plan-for-higher-output-capacity-idUKKBN20Y075?il=0

It certainly looks like Ceres could benefit from R&D funding.

Hook up was at 10am.

Now 0.7 nautical miles and very slowly closing in - it might still take an hour or two yet though.

I shouldn't worry Squif - most people can spot a troll, especially when they go OTT - best to just filter.

HK is finally closing in for a hook-up - just 1 nautical mile away now.

The waves are well over 4m - presumably HK can handle that.

That's 15 days since the last tanker left.

The situation hasn't changed - HK continues to track AK as she rotates but other than that nothing.

Assuming 4m is the maximum wave height for a hook-up we may have to wait until Friday afternoon - however, HK may have a much higher weather tolerance than most of the other tankers in the fleet.

https://www.windfinder.com/forecast/viking_north_sea

Here he is with his little Avian Influenza friend.

https://www.google.com/imgres?imgurl=https%3A%2F%2Fi.ebayimg.com%2Fimages%2Fg%2FLMwAAOSwStheLQL~%2Fs-l300.jpg&imgrefurl=https%3A%2F%2Fwww.ebay.com%2Fitm%2F1988-Dam-Norfin-7-Troll-Denmark-New-Black-Hair-Outfit-Black-Swan-OOAK-%2F333516129470&tbnid=3U9EKLNjHjU1MM&vet=12ahUKEwjvs9Dop5DoAhWZgM4BHRQJD-wQMygNegUIARCLAg..i&docid=inuQt8NdCw3TnM&w=233&h=300&itg=1&q=troll%20and%20black%20swan&ved=2ahUKEwjvs9Dop5DoAhWZgM4BHRQJD-wQMygNegUIARCLAg

The Black Swan has pushed the markets down again this afternoon - CCL started the day up over 5% - now down 7.5% - its much worst for long term holders there even than oil.

This volatile bear market certainly isn't a market to buy into yet.

When you consider that OPEC+ could run foul of US antitrust laws if it is seen to fix prices, some sort of backroom conspiracy between Putin and MBS becomes even more plausible.

Also with a stunt like this and the inevitable fall out it is very likely that both Saudi and Russia played the markets to their own advantage - after all they have seen Trump do the same thing with increasing regularity.

Marathon Oil has cut down on drilling activity and cut capital investment by at least 30 percent, compared to 2019. The measures are a result of the oil price war that caused the oil to collapse more than 30 percent on Monday. It was the biggest downturn a day since the 1991 Kuwait War.

Marathon Oil's capital investment will now be $ 1.9 billion in 2020. That's $ 500 million less than was the case last year.

According to CEO Lee Tillman, the "quick" measures will defend the company's cash flow, protect the balance sheet and finance the dividend.

On Monday, the shale producers Diamondback Energy and Parsley Energy also chose to reduce their drilling activities to cope with a positive cash flow.

Hello spindok
One little punt that you might like - ITX - I have been sitting on them for a couple of years and they are just getting to the commercial stage where the SP could take off big time - cash reserves are a bit off an issue but the potential is enormous.

Updated

https://www.shetnews.co.uk/2020/03/09/workers-vote-for-strike-action-at-sullom-voe-terminal/

Bounce back in US futures

https://money.cnn.com/data/premarket/

Lets see what happens in the next few days - I have a feeling that this oil cuts issue will be sorted quickly or that it will run and run - remember this isn't just about oil anymore - its politics - logic is thrown out the window.

One scenario is that Putin has looked across the Atlantic at Trump and seen how much money he can make by his extreme actions and "Hedge Fund Putin" has decided to get in on the action.

No action as yet - weather window closing.

https://www.windfinder.com/forecast/viking_north_sea

Plus this -
"Kraken
Gross production from Kraken (Cairn 29.5% WI) averaged 35,600 bopd in 2019. FPSO performance was significantly improved during H2 2019 and this has continued into 2020. Water cut levels have stabilised and more regular well testing has provided additional insight and improved confidence in long-term production forecasts.


Drilling of two wells, a producer and an injector pair on the western flank of the Kraken field (Worcester accumulation) is expected to commence in H1 and tied in and onstream in H2 2020. This development will utilise spare capacity in the existing DC2 sub-sea infrastructure.

The western flank area provides further opportunities and the Pembroke, Antrim and Barra areas are being evaluated."