Member Info for filthylucre

𝗧𝗜𝗠𝗢𝗥-𝗟𝗘𝗦𝗧𝗘'𝗦 𝗠𝗜𝗡𝗜𝗦𝗧𝗘𝗥 𝗢𝗙 𝗣𝗘𝗧𝗥𝗢𝗟𝗘𝗨𝗠 𝗔𝗡𝗗 𝗠𝗜𝗡𝗘𝗥𝗔𝗟 𝗥𝗘𝗦𝗢𝗨𝗥𝗖𝗘𝗦 𝗔𝗗𝗗𝗥𝗘𝗦𝗦𝗘𝗦 𝗞𝗘𝗬 𝗘𝗡𝗘𝗥𝗚𝗬 𝗖𝗛𝗔𝗟𝗟𝗘𝗡𝗚𝗘𝗦 𝗔𝗧 𝗘𝗚𝗬𝗣𝗘𝗦 𝟮𝟬𝟮𝟰

𝗖𝗮𝗶𝗿𝗼, 𝗘𝗴𝘆𝗽𝘁 – 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟭𝟵, 𝟮𝟬𝟮𝟰

H.E. Francisco da Costa Monteiro, Minister of Petroleum and Mineral Resources of Timor-Leste, participated in the prestigious Egypt Petroleum Show (EGYPES) 2024, held under the patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt. The event, themed 'Driving Energy Transition, Security and Decarbonization,' took place from February 19-21, 2024, in Cairo, Egypt.

During his address in the panel discussion on "Securing Sustainable Affordable Energy for All" Minister Francisco Monteiro shared Timor-Leste's perspective on the challenges and opportunities in securing energy and ensuring its affordability and sustainability. He emphasized the importance of weighing choices carefully and adopting new technologies to decarbonize the oil and gas sector. Minister Monteiro mentioned that the energy mix in Timor-Leste is currently dominated by hydrocarbons and the role of natural gas, but the country is looking towards a future where solar energy and other means of renewable energy can play a significant role.

https://m.facebook.com/story.php?story_fbid=pfbid036EocBp1vh34MctRqHU6U6f6UsLyEt5x5sqghRZRLkoWasEd4d2UCCnsEKhBKZBcdl&id=100094730889338

𝗧𝗜𝗠𝗢𝗥-𝗟𝗘𝗦𝗧𝗘 𝗔𝗡𝗗 𝗘𝗚𝗬𝗣𝗧 𝗘𝗫𝗣𝗟𝗢𝗥𝗘 𝗢𝗣𝗣𝗢𝗥𝗧𝗨𝗡𝗜𝗧𝗜𝗘𝗦 𝗙𝗢𝗥 𝗖𝗢𝗢𝗣𝗘𝗥𝗔𝗧𝗜𝗢𝗡 𝗜𝗡 𝗢𝗜𝗟 𝗔𝗡𝗗 𝗚𝗔𝗦 𝗜𝗡𝗗𝗨𝗦𝗧𝗥𝗜𝗘𝗦

𝗖𝗮𝗶𝗿𝗼, 𝗘𝗴𝘆𝗽𝘁 – 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟬, 𝟮𝟬𝟮𝟰

In a recent meeting between H.E. Francisco da Costa Monteiro, Minister of Petroleum and Mineral Resources of Timor-Leste, and H.E. Tarek El-Molla, Egypt's Minister of Petroleum and Mineral Resources, the two countries discussed ways to support cooperation in the oil and gas industries. The meeting took place on the sidelines of the Egypt Petroleum Show (EGYPES) 2024, held in Cairo, Egypt.

During the meeting, the ministers explored potential areas of collaboration, including the exchange of expertise and best practices in the oil and gas sector. A key focus was the invitation extended to Timor-Leste's national oil company, TIMOR GAP, E.P., to explore opportunities for cooperation and shared knowledge with Egyptian counterparts.

https://m.facebook.com/story.php?story_fbid=pfbid02Xprvb61Vjr4R45ywR1XmfoC44MYcsdV1ymmcorJm9zoRfHVCmvfafojcBhoYCotEl&id=100094730889338

Australia cosying up to TL before Greater Sunrise deal.

Australia is poised to launch an innovative permanent resident visa program in 2024, dubbed the Pacific Engagement visa (PEV). This initiative, spearheaded by the Australian Government, is tailored to nationals from participating Pacific Island countries and Timor-Leste, aiming to strengthen ties and foster greater engagement between these nations

https://www.blog.agacs.in/secure-australian-pr-in-2024/

On 26 February, the 13th Ministerial Conference of the World Trade Organization (WTO) will open in Abu Dhabi, United Arab Emirates. This biennial event brings together trade ministers from the WTO's 164 members. In particular, decisions are taken on the accession of new Members (this year Comoros and Timor-Leste) and on the terms of the agreements that govern world trade multilaterally.

https://www.latribune.fr/opinions/tribunes/conference-ministerielle-de-l-omc-a-abu-dhabi-la-derniere-chance-pour-sauver-l-omc-991173.html?amp=1

Australia's Woodside to sell stake in Scarborough to Japan's JERA for $1.4 bln

Japanese firms have been diversifying their sources of LNG through acquisitions abroad. In December, Japan's biggest city gas supplier Tokyo Gas bought Texas-based natural gas producer Rockcliff Energy for $2.7 billion.

https://www.reuters.com/business/energy/woodside-energy-sell-151-stake-scarborough-jera-14-bln-2024-02-23/

Warm words about Australia. Again.

Remarks By President J. Ramos-Horta on the occasion of the 64th Birthday Of His Majesty Emperor NARUHITO of Japan At a reception hosted By the Ambassador of Japan To Timor-Leste

Dili, 23rd February 2024

Japan remains one of our top development partner. In December 2023, PrimenMinister Xanana met and Prime Minister Mr. KISHIDA Fumio, at the sideline of the Commemorative Summit for the 50th Year of ASEAN-Japan Friendship and Cooperation, where the two leaders agreed to further promote the bilateral relationship between the two countries by elevating it from “Advanced Partnership towards Growth and Prosperity” to "Comprehensive Partnership towards Sustainable Growth and Development”.

As a small country, Timor-Leste remains a firm believer in multilateral mechanisms to settle differences among States. The 2018 Permanent Maritime Boundary Agreement between Australia and Timor-Leste is a clear demonstration of the effectiveness of international mechanisms in peaceful and win-win settlement of differences.

Tomorrow 24th February I will leave for Abu Dhabi to take part in the ceremony of Timor-Leste’s formal accession to WTO. From AD I depart for Lao PDR for a State Visit.

https://m.facebook.com/story.php?story_fbid=pfbid02rEAvjm2vhAU4BHwf84gNuFA6BAVsKiiLQmeGYoBq7bfTXHa3FmKPoRqEDMbNrZvMl&id=100044535275211

VT.

If PVD do not supply the drilling. You have to immediately leave this board. 😉😁

Begging bowl results

𝐃𝐈𝐋𝐈 - 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟑, 𝟐𝟎𝟐𝟒 - His Excellency the Minister of State Administration, 𝐓𝐨𝐦𝐚́𝐬 𝐝𝐨 𝐑𝐨𝐬𝐚́𝐫𝐢𝐨 𝐂𝐚𝐛𝐫𝐚𝐥, called a meeting today with the President of the Municipal Authority of Baucau, Manatuto, Díli and Ataúro, to talk about the plan for investment that will be implemented in the municipalities of Baucau, Manatuto and Dili, including the Administrative Authority of Ataúro, by the Brunei company 𝐒𝐓𝐑𝐀𝐓𝐀𝐂𝐎𝐌 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭.

"Stratacom Global wants to invest in Timor-Leste in the field of tourism in the municipalities of Baucau and Dili. In addition, it is also interested in investing in the minerals, oil, and gas sector", said Minister Monteiro in a meeting with the representatives of Stratacom Global, in Farol, Dili.

Never used my finger as a hearing device. I will try it though.

Noises coming from both the TL government and BOIL are very positive. Sunrise and Chuditch and ENI. Daily volume of trades extraordinary. A turnaround in the share price looks very possible and imminent. Got to believe.

Sunrise not faraway

𝐑𝐄𝐌𝐀𝐑𝐊𝐒 𝐁𝐘 𝐓𝐇𝐄 𝐏𝐑𝐈𝐌𝐄 𝐌𝐈𝐍𝐈𝐒𝐓𝐄𝐑

𝐊𝐀𝐘 𝐑𝐀𝐋𝐀 𝐗𝐀𝐍𝐀𝐍𝐀 𝐆𝐔𝐒𝐌𝐀̃𝐎

𝐀𝐓 𝐓𝐇𝐄 𝐀𝐍𝐍𝐔𝐀𝐋 𝐃𝐈𝐏𝐋𝐎𝐌𝐀𝐓𝐈𝐂 𝐑𝐄𝐂𝐄𝐏𝐓𝐈𝐎𝐍 𝐇𝐎𝐒𝐓𝐄𝐃 𝐁𝐘 𝐓𝐇𝐄 𝐏𝐑𝐄𝐒𝐈𝐃𝐄𝐍𝐓 𝐎𝐅 𝐓𝐈𝐌𝐎𝐑-𝐋𝐄𝐒𝐓𝐄

This means improving our infrastructure – including telecommunications, Dili airport, basic sanitation, roads and ports. It means diversifying our economy and developing the great potential of our Blue Economy.

And it means building a petroleum industry to provide a foundation for our economic development.

https://m.facebook.com/story.php?story_fbid=pfbid025mcP2s4uSbRfxvbF2effsjCYiDTSkzmxK3njHKSRKPq31C8spgsmc31BNPephHwxl&id=100094390130177

BP awarded Allseas with a contract to perform the subsea pipelay scope for the GTA natural gas project in October 2023.

The project development envisions the production of gas from an ultra-deepwater subsea system and mid-water floating production, storage and offloading (FPSO) vessel, which will process the gas, removing heavier hydrocarbon components. The gas will then be transferred to an FLNG facility. The first phase is expected to produce around 2.3 million tons of LNG per year.

Golar LNG’s FLNG Gimi, which will work on the GTA project, arrived at the field last month.

We need this group

https://www.offshore-energy.biz/allseas-pioneering-spirit-wraps-up-infield-pipelay-at-biggest-project-in-bps-portfolio-gallery/?utm_source=offshore-energy&utm_medium=email&utm_campaign=newsletter_2024-02-21

February 21 2024

Gallagher said the Barossa gas project is now 67.4 percent complete. “The pipeline that will deliver gas from the field to Darwin LNG is now 68 percent complete and more than 50 percent of the pipe has been laid. The first Barossa well has been completed and the second well is under way,” he said.

At full production rates, Barossa is expected to add 1.8 mtpa to Santos’ expanding LNG portfolio, Gallagher added.

https://lngprime.com/corporate/santos-reports-lower-2023-profit/105399/

Is this just speculation? Seems very detailed and confident. Like to think any deal can be arranged with a prominent energy company. In a previous life, this would have sent the share price soaring. Welcome to the new reality.

I’m always hopeful despite every setback. But quite frankly, this is taking too long.

Any excitement, and there is anticipation of big news, had been neutered by the dilution and it’s devastating effect on the share price. Hard to work up much enthusiasm.

Ramos-Horta at the Presidential Palace Nicolau Lobato in Bairru-Pité on Tuesday (02/20/2024).

"Today at the meeting with President José Ramos-Horta, we confirmed the results of the state visit to Brunei Darussalam last year and discuss health, education, petroleum, and gas, which were among the topics discussed by the two Head of States. Brunei Darusalam has a commitment to work together with Timor-Leste in these various areas," said Hadfi Lutfan. The diplomat emphasized that Brunei Darussalam is currently prepared and waiting for the Ministerial authorities in health, education, petroleum, and gas to deepen the discussion on the needs of Timor-Leste. During this meeting, President José Ramos-Horta also invited Brunei Darussalam Ambassador Hadfi Lutfan, who is also the Liurai and Head of State of Brunei Darussalam, Hassanal Bolkiah Mu'izzaddin, to visit Timor-Leste.

This is for you Visit Timor

Excellent read.

Fortunately, a solution is in sight. In December 2023, the Sunrise Joint Venture tendered a ‘concept study’ of the Greater Sunrise project. Results are pending, but a compromise seems possible — perhaps with the bulk of the LNG processed in Darwin or at sea, alongside a smaller pipeline supplying gas for domestic use.

Timor-Leste is not, as the Australian Financial Review recently declared, on ‘the brink of failure’, but formidable challenges are ahead. Timor-Leste has, as President Jose Ramos-Horta says, ‘an exceptional people’. In 2024, its leaders owe it to them to see the risks ahead and provide them with a foundation to build their lives upon that isn’t liable to crumble.

https://eastasiaforum.org/2024/02/20/precarity-and-pride-prevalent-in-timor-lestes-2024/

TG has an MOU with Santos and Inpex for development of Bayu Undan as a leading CCS. Big selling point.

Attracting inward investment. WTO, ASEAN, EU etc is absolutely necessary. Call it a begging bowl but it’s critical to TL development. This small impoverished corner of an island should hold out that begging bowl to the full. I think they are dynamic in approach and they could potentially change their economy. Chuditch are right in there.