Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Just a thought "Pursuant to the SPA, Humber has agreed to a lock up over 66.67 per cent. of the Consideration Shares for a period of three months from Admission and an orderly market restriction for a further period of three months once the lock-in period expires." Clock started on 350m shares on 30/7/20 End of January is also Tax Time
A couple of interesting things (in my opinion) a) the press in India is in agreement with the award and feel it should be paid b) India only challenged the Vodafone award after they heard of the Cairn award.
" India has challenged the award in the Vodafone case in Singapore on December 24, 2020 - the final day of the limitation period of 90 days since the award was passed on September 24. It is likely that India will challenge the award in Cairn case as well before the Dutch courts. "
https://www.natlawreview.com/article/cairn-v-india-investment-treaty-arbitration
Thanks RG. It certainly makes Cairn an attractive concern for others though.
Ignoring todays events and consolidation the Mcap will remain at approx £1.2b. In December CNE were awarded a £1b settlement from India in relation to an historical investment in Vedanta which they wrote off in their books in 2018/19. Todays return of £250m to shareholders indicates that they believe they have sufficient liquidity. Therefore one could assume that on payment from India the entire £1b could be returned to shareholders. Why is this not recognised in the current SP? Or is it in some way? Does the market not think India will pay up? Very confused but holding in anticipation.
When it comes to India expect the unexpected https://hsfnotes.com/arbitration/2020/11/17/india-amends-arbitration-law-relating-to-enforcement-of-awards-tainted-by-fraud-and-arbitrator-qualifications/
Substantial Contingent Resources have also been confirmed in the *****tone Flags reservoir with gross 2C Contingent Resources of 1.53 million stock tank barrels of oil and 2.0 billion standard cubic feet of gas.
Gross Mean Stock Tank Oil Initially In Place (“STOOIP”) for the Broughton North Prospect is 3.43 million stock tank barrels in aggregate across two reservoir sands (Ashover Grit and *****tone Flags) with Mean Prospective Resources of 0.51 million stock tank barrels of oil plus 0.51 billion standard cubic feet of gas.
Not too far away ... https://www.bbc.co.uk/news/uk-scotland-glasgow-west-55156434
With tongue slightly in cheek ... https://www2.gov.scot/uploads/documents/ae08beauforts.fh10.pdf Irish Energy Security especially for Gas could well be exposed if the dodgy dumping of explosives damages the pipeline. (apparently 2 or 3 underwater explosions a month in the Dyke)
Hi Tacuma - greater minds than me (most of the planet) are already on the case. https://www.smart-energy.com/renewable-energy/uk-needs-another-263gw-to-meet-demand-2050-net-zero-target/#:~:text=UK%20grid%20operator%20National%20Grid,491%20terrawatt%2Dhours%20by%202050.
Energy Transition. Early morning back of the fag packet calculations. In 30 years time apparently we will all be driving electric cars. 15 million use a car every day for their commute. Rapid chargers draw at least 30a which equals about 7kw. If all these commuters arrived home at the same time and plugged their cars in the demand on the Grid would be over 100Gw. (forgetting of course that many of them would also jump into their electric shower after arriving home) Peak load on our current network is about 60Gw with installed capacity of about 100Gw. Now of course you can tear these figures apart as if this would ever happen in practice but any argument can be countered on a cloudy windless day which DOES happen in practice.
Director purchases are a double edged sword for directors. Buying is one thing and can give the SP a short term boost but then realising their investment by selling can drag the SP down by just as much or more. I would imagine that for some it is a strategic decision not to invest in the companies whose boards they sit on.
The fact that CNOOC have retained an interest in future production should tell you something about what they think about the prospect. Strategic move out of Ireland by them not necessarily linked to the geology of the prospect.
ON Twitter these chaps have only one thing on their mind and that is developing Inishkea without actually mentioning Europa @OffshoreIreland On top of that we have Nephin Energy touting the benefits of extending the life of Corrib. Probably not entirely relevant as Vermilion were not interested in further investment in Ireland but they had a boardroom coup over the weekend with the CEO departing over COVID Strategy.
This from the letter FG and FF sent to GP 3. Will you commit to ending the issue of exploration licences for offshore gas exploration?
Both of our parties are committed to a pathway to phase out all fossil fuel exploration licenses. As you
know the outgoing Government already banned fracking onshore and introduced a moratorium on the
issuing of new exploration licences for offshore oil exploration. We are open to introducing a similar
policy on offshore gas exploration.
That would be a 'moratorium' on 'NEW' offshore gas exploration. They also mention in the letter ...
4. Will you commit to ceasing the construction of new fossil fuel infrastructure, particularly
LNG import terminals that could allow the entry of unconventional liquefied natural gas into
the Irish energy mix?
Both of our parties accept that as we move towards carbon neutrality, it does not make sense to build
new large-scale fossil fuel infrastructure such as liquid natural gas import terminals.
While additional security of gas supply could be beneficial, we have secure supply at present from the
Corrib Gas Field and the United Kingdom.
We both believe that we all would need to have a shared understanding of what is meant by new fossil
fuel infrastructure, what type scale does this relate to, and whether this proposed ban would apply to
State infrastructure or to private sector infrastructure as well.