Member Info for Frac

Myeh a good review and also shows why we've so many " demand destruction ' narratives circulating as USA are DESPERATE to SUPPRESS the oil price ( Donald speak there)

‘’Hopper of organic growth ‘ was the term from 31/12/25 update and then this from Feb update : The Bressay gas import project has seen significant progress in aligning the technical development scenario with the NSTA, and both a Bressay Field Development Plan ('FDP') and a Kraken Field Development Plan Addendum ('FDPA') are at an advanced stage. EnQuest notes the agreed sale of Waldorf Production Limited to Harbour Energy, and the Group welcomes Harbour's entry as a growth-focused partner on the Kraken asset.

In the room

R, I’ve no access and also hoping others might oblige … my surmise is further intrigued by today’s .gov offering . My consideration was based on AB being injection 3 weeks ago and likely the topic was raised … yes too short a time but to suddenly increase the initial bond by $75m suggests they my drill their ( per recent statement) hopper themselves : https://www.gov.uk/government/publications/transitional-energy-certificates/criteria-for-transitional-energy-certificates

Wonder if this is the purpose of the extra funds : https://www.upstreamonline.com/field-development/line-of-sight-on-first-phase-of-uk-north-sea-project/2-1-1970951

Couldn’t bring myself to post the .gov occultist link but Millibands idol Marianne Mazaccato seems to be his shining light yet he seems to be talking about transitional tickets a new stop on the o&g board game :

And today in advance of legislation, we are publishing further details on Transitional Energy Certificates to provide greater certainty and clarity for industry looking to invest in already-explored areas near existing licensed fields, supporting a fair and managed transition.

Little meat on this bone: https://www.gov.uk/government/speeches/chancellor-statement-to-parliament

All he need do is approve Jackdaw @ £0 cost and possibly £3bn tax take in next decade rather than this slow Wallace a gromit drama: The government will drive forward plans to “massively expand renewables” across the Public Estate – including using brownfield land, industrial sites, and railway sites to host solar panels and wind turbines. This could unlock up to 10 gigawatts (GW) of capacity, even using only a fraction of government land, powering the equivalent of around 5 million UK homes.

Well Nick On R4 finally nailed millibad and slyly said thank you for the non answer when he fudged the whole thing today ! Having been asked directly on emissions from Global lng and simplicity of using uk NS gas rather than Norwegian NS gas Milliband finally made himself look foolish ! The public will vote this lot out the only issue is SNP will be the benefactor in Scotland and there’s a whole lot of pain coming Asa result of their stance

There’s many sides to any argument yet milliband is a mere bystander with opinions whilst reality is silently putting a noose around UK plc : https://theenergynewsbeat.substack.com/p/geopolitics-reshapes-the-energy-markets?source=queue

Canadian finance minister summed it up @ G7 this week ! Geography doesn't change. People don't change that much either, so that is going to be a risk in terms of world energy that we'll have to manage for years to come, even when the conflict is over," he said.

So Reeves best stop bleating and do something about it & to be honest likely starmers told her to take control as he’s to busy bailing the bilge’s!

The truth is going to hurt : https://m.uk.investing.com/analysis/iea-chief-says-oil-gas-recovery-could-take-2-years-after-war-damage-200623929?ampMode=1

Reeves must be pulling her hair out with Clothe ears Millibrain as Newton -Smith now calling on the Government to get on with it !! There's a rift coming and Starmer will have to choose between dumber and dumb :The boss of Britain’s largest industry body has called on the government to green-light extraction from two major North Sea oil fields and slash the windfall tax on domestic oil production in a bid to revitalise the country’s ailing oil and gas industry.

CBI chief Rain Newton Smith said the North Sea was a “critical part” of the UK’s energy transition and that removing the additional tax on domestic producer profits and waving through the Jackdaw and Rosebank projects would encourage investment and economic activity.

“[The energy profits levy] is reducing investment at the moment in the North Sea” she told the BBC’s Today programme. “That needs to be reformed. There are proposals on the table that the government are considering – hey should implement them now and be clear that they’re going to encourage that investment and existing extraction.”

Particularly when Rowlatt asks the question: https://www.bbc.co.uk/news/articles/c86ey5n9vx9o

Robertson on defense and now even the Guardian questions Millibands Green job fantasy : https://www.theguardian.com/environment/2026/apr/14/windfarm-reality-green-jobs-boom-englands-east-coast-unemployment

Time for some to pin a flag !!! Let’s see who feels lucky when Fatih says: “Prices are already high, but they are not reflecting the severity of the problem — I agree there is a disconnect,” Fatih Birol said at an event this week, as quoted by Bloomberg. “But I think soon we will see they will converge, which is an extremely sensitive issue for the global economy.”

I concur Oct , likely he gathered a few Epstein disciples and asked if “They feel lucky”! His admission of raised gas prices through midterms was a nod to the dam that’s about to break !I’ll not state the obvious but can already see the AI image plucked from my Sunday school days ( all complete fantasy of course)

In the North Sea, the world’s most important physical crude market, traders submitted 40 bids for cargoes this week, only four of which were met by offers. Cargoes for delivery in the coming weeks changed hands at unprecedented prices above $140 a barrel. Elsewhere, refiners have been hunting increasingly further afield for supplies, leading to a series of unusual trades and surging premiums for any oil that’s ready to ship right now.

Looking strong on FCF with noted pricing upside on immediate liftings & significant development opportunities in the energy exposed Asia basins! Malaysia and others with now be rushing to secure home grown energy now that Trumpet has screwed them !

Well they’ve tried to corner Cobas exit and come up short so now managing client’s expectations ( imho)! To be fair surprised at today’s volume … lower than I’d anticipated