Member Info for Ducati2

Https://uk.news.yahoo.com/uk-government-urged-end-oil-123614431.html

Https://www.thisismoney.co.uk/money/markets/article-15555127/Switching-North-Sea-madness-Labour-urged-scrap-windfall-tax.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_gl=1*19cq02y*_gcl_au*MjA4ODgyMTcxMC4xNzcxMDE2MTYx*_ga*MTMyNzA4Njg3Ny4xNzI3Njc2MjQz*_ga_C9F47K6NW6*czE3NzExOTM5OTEkbzY0NiRnMCR0MTc3MTE5Mzk5MiRqNTkkbDAkaDUwNjM3MDQ2MQ..

Policy reset proposed.

Tony Blair Institute urges end to windfall tax and backs new North Sea strategy.

https://www.aberdeenlive.news/news/aberdeen-news/tony-blairs-think-tank-urges-10811866.amp

A report from the Jobs Foundation reveals the transition to renewable energy sources is failing to create jobs at a fast enough pace to replace those in oil and gas.

The study calls for a windfall tax on the sector to be abandoned by 2028 to stop investment being driven to countries such as Nigeria.

Louise Gilmour, Scotland Secretary for the GMB union, said: “We will always need oil and gas.

“I mean, I don’t like Donald Trump, but he’s right about ‘drill, baby, drill’.

Net stupid zero!

Aberdeen is currently experiencing a severe economic downturn, described as an impending "economic catastrophe," driven by the rapid decline of the North Sea oil and gas industry and exacerbated by policy changes. The sector's slowdown is resulting in significant job losses, with estimates suggesting that thousands of positions are at risk, leading to fears of increased hardship in the region.

Donald Trump lashed out at Britain's 'catastrophic' North Sea oil and gas curbs today as he stoked Transatlantic tensions.

The US president condemned the UK for failing to exploit energy resources as he gave a rambling speech at Davos.

Maintenance Manager – Mechanical, Electrical, Instrumentation & Automation

Key Responsibilities:

As Maintenance Manager – Mechanical & EIA, you will be responsible for the overall maintenance of industrial installations, covering critical mechanical equipment as well as Electrical, Instrumentation and Automation systems.

Job Location:

Tendrara site, Oujda region – Morocco

Https://oilprice.com/Latest-Energy-News/World-News/Harbour-Energy-Makes-Gas-Discovery-in-Norways-North-Sea.html

Britain's biggest oil and gas producer Harbour Energy has bought the North Sea assets of rival Waldorf after the group fell into administration.

London-listed Harbour said it has acquired all the subsidiaries of Waldorf Energy Partners and Waldorf Production in the UK North Sea fields for $170million (£127million), in a deal that will bolster the group's oil output and provide attractive 'financial synergies'.

Managing director of Harbour's business unit Scott Barr told shareholders the move would boost 'the long-term sustainability of our UK business, the jobs it continues to support and the energy security it provides'.

It follows hundreds of North Sea job losses over the last two years as producers have shouldered lower commodity prices and a so-called 'windfall tax' in the UK that has eroded profitability.

Waldorf moved into administration in June last year as its cash dried up and it was unable to pay creditors.

The High Court rejected Waldorf's restructuring plan in the summer amid a $30million debt owed to Capricorn Energy over its purchase of stakes in the Catcher and Kraken North Sea sites.

Harbour said the takeover is 'immediately materially accretive' to group free cash flow and it will 'support the competitiveness, resilience and longevity' of its UK business.

Set to complete in the second quarter of next year, it will increase Harbour's interest in the Catcher field to from 50 to 90 per cent, and provide a new production base in the Northern North Sea.

Barr said: 'This transaction is an important step for Harbour in the UK North Sea, building on the action we've already taken to sustain our position in the basin given the ongoing fiscal and regulatory challenges.

'It stabilises the Catcher joint venture partnership and delivers immediate cash flow benefits. It also improves the long-term sustainability of our UK business, the jobs it continues to support and the energy security it provides.

'In addition, it facilitates a welcome solution to funding and decommissioning challenges for multiple parties in the UK North Sea

Jobbinscl I have been interested as weather the SCADA system was commissioned in the gathering system when they pressured up the gathering system, and if they flared gas for a period to get some well data, SITHP data, flowing data, and well pressure build up after flowing the well for a period of time. Asked the question and waiting a reply.

SBK- 1 well was only only acid washed I believe and what we need is to Frack the reservoir to get some good flow rate, I’m not sure if there is a fault line within the structure, I will have a look but I think Sound has located a sweet spot to drill…….hoping for another call or at least an update online as the way ahead as they have achieved first gas. GLA it’s hopefully on the right track for now with a few bumps in the road.

As gas has now been flowed from the TE-6 well to the gathering system it proves that after been shut- for a good period of time that this is a good dry well with no liquid loading? As the last bit of equipment to be tied in was the SCADA system I hope they have got some well data from this. All looking very good, Q1 to Q2 guidance sounds good.

Next step while we await LNG production I hope SBK-1 well is drilled be for the M5 well and from memory I think these next two wells are going t vertical drills only and not and not horizontal to start with.

At Grand Tendrara an exploration well is planned on the structure previously drilled by the SBK-1 well in 2000, with an estimated unrisked exploration potential of 140 Bcf gross Pmean Gas Initially in Place (GIIP). SBK-1 flowed gas to surface during testing in 2000 at a peak rate of 4.41 mmscf/d post acidification but was not tested with mechanical stimulation. Mechanical stimulation has proven to be a key technology to commercially unlock the potential of the TAGI gas reservoir in the TE-5 Horst gas accumulation and accordingly the Company believes this offers potential to unlock commerciality elsewhere in the basin.

Sound Energy PLC, (AIM:SOU) the AIM listed transition energy company, is pleased to announce that it has received notification from the operator of the Tendrara Production Concession, Mana Energy Ltd, of the commencement of the initial commissioning activities for the TE-5 Horst development project in the Tendrara Production Concession that first gas has entered the gas gathering system (“GGS”) in preparation for long term gas production into the micro-LNG plant. Sound Energy retains a 20% equity interest in the Tendrara Production Concession.

The final required component of the gas gathering system, the SCADA (Supervisory Control and Data Acquisition) computer, was delivered on 28 November 2025. After installation, gas was successfully flowed from the TE-6 production well, commencing the commissioning phase of the facilities.

The micro-LNG Plant has been designed, is being constructed and will be operated and maintained by Italfluid Geoenergy S.r.l. (“ITF”) with guarantees for plant operability and delivery of LNG to the off-taker, Afriquia Gaz, a leading energy distributor in Morocco. A binding gas sales agreement and associated funding are in place with Afriquia Gaz, with a ten-year commitment from first gas to purchase a contractual quantity of one hundred million normal cubic metres per annum. This is in the context of a take or pay agreement priced in the range of $6–$8.346 per MMBtu which will be determined using an indexed formula which applies a combination of the European TTF and US Henry Hub benchmark indices. The development will use existing wells TE-6 and TE-7, and one new well to deliver the required raw gas volumes into the plant for the Phase 1 development and maintain a ten-year production plateau under the gas sales agreement. The micro-LNG plant has entered the final fabrication stages at site with revenue generating LNG sales expected in 2026.

StMary Sound and Managem are only indicating first gas 2025 and LNG production 2026. We await the RNS on the way forward.

First Gas is a one-time project milestone that marks the precise date when natural gas is initially introduced into a processing facility or pipeline system from a new field or development project. It signifies the successful transition from the construction and commissioning phase to the initial operational phase. It often occurs before a project reaches its full commercial operation or peak production capacity, and serves as a key indicator of project progress and readiness.

Gas Production refers to the entire ongoing process of extracting, processing, and bringing natural gas to market from the reservoir over the field's operational lifetime. This phase begins with "first gas" and continues until the field is depleted. The production phase includes increasing flow rates to a plateau level, maintaining steady output, and managing the eventual decline in reservoir pressure and flow rates.

First gas 2025 all going well…….

LNG Production first half 2026……..

The group is also advancing other major projects in Morocco, including a cobalt sulfate plant and the Tendrara gas project, both expected to begin operating in the first half of 2026. (Link below)

https://www.moroccoworldnews.com/2025/11/269972/managem-reports-strong-growth-as-new-mines-in-senegal-morocco-begin-production/

More of the same, just need to see some commissioning equipment arrive.

https://medias24.com/2025/11/26/natural-hydrogen-and-helium-sound-energy-opts-for-an-advanced-position-in-morocco-1584909/

Support the management of existing oil and gas fields for their lifespan

ban on new licences will end new exploration for offshore oil and gas fields. It will also mean an end to new onshore licences in England, helping to meet the government’s commitment to end fracking

new Transitional Energy Certificates will enable limited oil and gas production in areas that are already part of an existing field, or in areas adjacent to already licensed fields, linked via a tieback - to help ensure they remain economically viable and are managed for the entirety of their lifespan. Developers will not be permitted to explore for oil and gas at these new sites

changes to the North Sea Transition Authority’s objectives and powers to reflect the changing nature of the North Sea basin. The regulator will balance decisions against three primary objectives that build on its existing role - to maximise societal economic value, support the Energy Secretary in meeting net zero goals, and consider the long-term benefits of the transition for North Sea workers, communities and supply chains.

https://www.gov.uk/government/news/north-sea-future-plan-for-fair-managed-and-prosperous-transition

What has happened to the North Sea is outrageous.

https://www.wsj.com/business/energy-oil/harbour-energy-explores-u-s-deals-b8df455e

Wow Fiction is back…….Triggered.

Looking at the latest picks that the company posted, it’s obvious that the build is ongoing… but if you look closely you will see that there are still some tie-ins to complete and no N2 on site. What do you think.

Some people cannot see the wood for the trees.

Link to the Audio that Balancedviewer mentioned………Still saying first gas by year end.

https://soundcloud.com/user-596578261/vsa-capital-oil-and-gas-with-john-argent-of-sound-energy

Harbour is prioritising growth in Norway, Mexico and Argentina while scaling back UK investment.

Harbour Energy has lifted its full-year production guidance and reaffirmed a $1 billion (£790m) free cash flow outlook, citing strong performance from its expanded international portfolio as UK investment continued to decline.

Harbour reported increased and diversified production of 473,000 barrels of oil per day (boepd) in the first nine months to the end of September.

This was split between roughly 40% liquids, 40% European gas and 20% other gas, Harbour said.

Harbour’s production included “full contribution” from its acquired Wintershall Dea assets, including 165,000 boepd from Norway and 75,000 boepd from Argentina.

The beginning of the year also saw new wells on-stream in the third quarter at Maria Phase 2 in Norway, the J-Area in the UKCS and APE in Norway.

This partially offset underperformance at the Njord platform in Norway, Harbour said.

As a result, the Aberdeen-headquartered firm narrowed full-year 2025 production upwards to between 465,000 to 475,000 boepd.

Harbour chief executive Linda Cook said the operator delivered “another strong performance”, with the firm “benefitting from our increased scale and resilience”.

“As a result, we are improving our production guidance for the full year and reaffirming our free cash flow outlook of $1 billion despite a softer commodity price environment,” Cook said.

Called for Britain to ‘get drilling again’ as she declared an oil and gas emergency in the North Sea.

https://www.dailymail.co.uk/news/article-15261973/Kemi-urges-Labour-Britain-drilling-again.html