Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Bloomberg
“Carlos Slim Builds Bet on Firms Behind Mexico’s Mega Oil Project”
Billionaire is buying stakes in Talos Energy, Harbour Energy
Both companies are developing the Zama oil field with Pemex
Carlos Slim is building up investments in companies behind Mexico’s largest oil exploration effort just months after his business empire acquired a stake in a firm involved in the same project.
The Mexican billionaire’s family investment firm, Control Empresarial de Capitales, has accumulated stakes worth about $327 million in Talos Energy Inc. and Harbour Energy Plc through at least half-a-dozen transactions since October, with the most recent this month, according to regulatory filings.
https://www.bloomberg.com/news/articles/2023-12-18/carlos-slim-builds-bet-on-firms-behind-mexico-s-mega-oil-project?leadSource=uverify%20wall
Brent, UK & European Gas prices all flying here today:
https://tradingeconomics.com/commodities
All-systems-go for Harbour to drill North Sea prospect with Noble rig
Harbour Energy Norge, a Norwegian subsidiary of Harbour Energy, has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea, using one of Noble Corporation’s jack-up rigs.
The Petroleum Safety Authority Norway (PSA) recently gave Harbour Energy consent for exploration drilling in block 15/9 in the North Sea. The prospect, Amethyst, is located in production license 1138, which was awarded on March 11, 2022, and is valid until March 11, 2028.
Harbour Energy Norge holds an ownership interest of 40% and acts as the operator of the license, while its partners are Sval Energi (30%) and Aker BP (30%). The water depth at the location is around 84 meters and the consent covers the drilling of the well 15/9-25, which will be carried out with Noble Corporation’s Noble Integrator jack-up rig.
This jack-up scored a one-well contract with Harbour Energy on the Norwegian Continental Shelf (NCS) in the summer of 2023, with an estimated duration of 35 days. The PSA’s consent, which comes two weeks after the Norwegian Petroleum Directorate (NPD) gave Harbour a drilling permit for the well, includes an option for drilling sidetracks and well testing upon discovery.
The 2014-built Noble Integrator is a Gusto MSC CJ70 X150 MD jack-up rig, which was constructed at Keppel FELS shipyard in Singapore. It can accommodate 150 people. Capable of working in a water depth of 492 ft, the rig’s maximum drilling depth is 40,000 ft.
Previously, Aker BP contracted the rig under the frame agreement with Maersk Drilling in 2017 when the Aker BP Jack-up Alliance, including Halliburton, was established. In December 2021, a deal to renew the frame agreement was disclosed.
The Noble Integrator rig secured more work with Aker BP after the Norwegian player entered into drilling and wells alliance agreements in January 2023 with Noble Corporation, Odfjell Drilling, and Halliburton to undertake drilling activities on the NCS.
https://www.offshore-energy.biz/all-systems-go-for-harbour-to-drill-north-sea-prospect-with-noble-rig/
If/When we get some positive updates on Exploration from any of our assets (Indonesia, Mexico, Norway,…..), as is usual for Oilers, that will then be a major game changer for HBR SP, and possibly even more so than M&A news, until then, I believe we’re already at the bottom here and patience is a virtue.
Major companies in the UK have joined forces to undertake the capture and transport of carbon dioxide.
The Acorn Partners, consisting of Storegga, Shell UK, Harbour Energy and North Sea Midstream Partners, signed a Memorandum of Understanding (MoU) with Uniper.
https://www.energylivenews.com/2023/12/14/uk-partners-unite-for-co2-capture-and-transport/
Brent, UK & European Gas prices all nicely rallying upwards at the moment:
https://tradingeconomics.com/commodities
Harbour Energy exec details company's business strategies
EVP says adaptability and innovation are now a necessity for the future of the oil and gas industry.
With the global energy landscape evolving at an unprecedented pace, the challenge for sectors like ours is how to change and innovate in a way that ensures we can be successful over the long term. What that means for an ever-maturing sector is constantly looking to do things better or more effectively.
While we have a clear strategy to establish a material base of production in at least one region outside the UK, Harbour Energy is currently best known as the largest oil and gas producer in the UK. That means most of our current operations are focused on the North Sea—one of the most mature basins in the world. So, as an organisation, we’re increasingly focused on effectiveness, efficiencies, simplicity but also scalability, and we can take on new challenges safely in the knowledge that we have the right support structures or processes already in place while maintaining our strict safety culture.
https://www.offshore-mag.com/business-briefs/company-news/article/14301384/harbour-energy-exec-details-companys-business-strategies
Excellent post theancientmarine, also, just noted on ADVFN about a further reduction in HBR Short positions (11 December):
https://www.shorttracker.co.uk/company/GB00BMBVGQ36/
This is MONEY
Short sellers bet against Petrofac as it scrambles to shore up finances
Hedge funds have turned on energy construction firm following share price falls
Analysts remain unconvinced that it can turn itself around
Hedge funds have turned on Petrofac and made it the most-shorted stock on the London Stock Exchange in a matter of weeks.
https://www.thisismoney.co.uk/money/markets/article-12845069/amp/Short-sellers-bet-against-Petrofac-scrambles-shore-finances.html
ENERGY GLOBAL
TotalEnergies joins Renewables for Subsea Power
TotalEnergies, supported by its Ocean Energy R&D team based out of Pau, France, will now join project leads Mocean Energy and Verlume, alongside industry players Baker Hughes, Serica Energy, Harbour Energy, Transmark Subsea, PTTEP, and the Net Zero Technology Centre (NZTC).
https://www.energyglobal.com/other-renewables/11122023/totalenergies-joins-renewables-for-subsea-power/
Lots of ongoing moving parts here with HBR, expecting some significant updates/progress by year end.
ENERGY GLOBAL
TotalEnergies joins Renewables for Subsea Power
TotalEnergies, supported by its Ocean Energy R&D team based out of Pau, France, will now join project leads Mocean Energy and Verlume, alongside industry players Baker Hughes, Serica Energy, Harbour Energy, Transmark Subsea, PTTEP, and the Net Zero Technology Centre (NZTC).
https://www.energyglobal.com/other-renewables/11122023/totalenergies-joins-renewables-for-subsea-power/
ENERGY VOICE
“Together, we can make great strides”
Earlier this year, we entered into a new strategic partnership for North Sea operations with Harbour Energy, agreeing a master services agreement and associated contracts valued at around $330 million. Over the next five years, our team will work alongside Harbour Energy to deliver operations and maintenance, engineering, procurement and construction services, including decarbonisation and digital solutions, across a number of their offshore assets. We are at the very start of this trusted partnership but are already making great strides and progress.
We continue to nourish and support existing partnerships, having worked alongside several of our major energy clients for decades.
Over the past 30 years, Wood has continued to support BP to produce safe, reliable energy through the provision of modifications and enhancements.
We have proved that when we work in partnership, we can deliver transformational outcomes that support our clients’ ambition to drive higher efficiency and productivity across their assets.
https://www.energyvoice.com/promoted/542319/together-we-can-make-great-strides/
North Sea firms hand back swathes of licences to NSTA regulator
Almost 57% of licence awards from the 32nd round three years ago have now been handed back.
https://www.energyvoice.com/oilandgas/north-sea/542986/north-sea-licences-relinquished/#:~:text=Almost%2057%25%20of%20licence%20awards
North Sea firms hand back swathes of licences to NSTA regulator
Almost 57% of licence awards from the 32nd round three years ago have now been handed back.
https://www.energyvoice.com/oilandgas/north-sea/542986/north-sea-licences-relinquished/#:~:text=Almost%2057%25%20of%20licence%20awards
North Sea firms hand back swathes of licences to NSTA regulator
Almost 57% of licence awards from the 32nd round three years ago have now been handed back.
https://www.energyvoice.com/oilandgas/north-sea/542986/north-sea-licences-relinquished/#:~:text=Almost%2057%25%20of%20licence%20awards,have%20now%20been%20handed%20back.
Obviously lots happening here with HBR recently which will hopefully end up as extremely positive for long suffering shareholders here, also, nice to see Brent, UK & European Gas prices all up once again today along with expiring hedges.
https://tradingeconomics.com/commodities