Member Info for MSA

310 Million buy from friday

One multimillion-dollar offer for stake in UK player’s asset off Cameroon on the table with more anticipated as talks continue

https://www.offshore-energy.biz/one-multimillion-dollar-offer-for-stake-in-uk-players-asset-off-cameroon-on-the-table-with-more-anticipated-as-talks-continue/

All sell showing as buys

Market maker are collect stock because when news hits you will be locked out of these prices

Keep hold of your holding we are talking with 2 or more major oil companies for a massive Opportunity.

5 bagger with in the next few weeks.

88E on hype alone was close to £400m

Any thing is possible.

Https://worldoil.com/news/2024/10/14/cameroon-examines-its-upstream-opportunities/

Cameroon examines its upstream opportunities

African Energy Chamber October 14, 2024

Cameroon has recently attracted a wave of independent explorers embarking on new exploration activities and developing marginal fields, in collaboration with national oil company Société Nationale des Hydrocarbures (SNH). At the African Energy Week (AEW): Invest in African Energy 2024 conference in Cape Town next month, SNH Executive General Manager Adolphe Moudiki will shed light on these developments, showcasing SNH's strategic partnerships and its commitment to unlocking Cameroon’s full hydrocarbon potential.

Moudiki will deliver a presentation on the investment opportunities in Cameroon’s exploration and production sector, with a focus on advancing exploration drilling, monetizing natural gas and enhancing regional energy security. Moudiki will be accompanied by a high-level SNH delegation.

In partnership with international operators, SNH is working to revitalize the country’s exploration sector, focusing on established hydrocarbon plays. Anglo-French independent Perenco recently signed a new 20-year PSC to continue developing the Rio del Rey basin, which has produced more than 1 Bbbl of oil to date and holds an estimated 1.2 Bboe in remaining reserves. London-based independent Tower Resources is also spearheading exploration in the Rio del Ray basin under its Thali PSC, which encompasses at least four distinct play systems. The first exploration phase of the license has been extended through February 2025, with the NJOM-3 well expected to be spudded in early 2025. Tower Resources is currently exploring farm-out options to secure funding for the drilling program and is also in discussions with various banks to arrange long-term financing for three additional wells planned for the offshore Njonjji structure, as well as one short-term project.

SNH’s participation at AEW: Invest in African Energy 2024 will provide valuable insights into Cameroon’s ongoing projects, with a focus on gas commercialization. In July 2024, Perenco launched its first gas-to-industry supply project in Central Africa with the Bipaga Gas Processing Center. The facility, which sources gas from the offshore Sanaga South field and is connected by an SNH-operated pipeline, supplies a Chinese ceramics plant, marking a significant milestone in Cameroon’s use of gas to power industrial development. AEW: Invest in African Energy 2024 will allow SNH to showcase these achievements and present future plans for boosting gas exports, advancing infrastructure projects and driving sustainable economic growth

Https://www.proactiveinvestors.com/companies/news/1012734/savannah-energy-inks-deal-with-cameroon-national-oil-company-societe-nationale-des-hydrocarbures-1012734.html?rel=scroll

Buy coming through come on drop the hammer

I am expecting some thing of the same nature.

Will we hit a billion shares traded again.

Tommorrow morning get in while u still can 18 minutes left

She'll or exxon

35,000,000 x4 =140,000,000

&

20,000,000 X2 =40,000,000

Chevron fires opening salvo in battle over new Namibia exploration play

https://www.upstreamonline.com/exploration/chevron-fires-opening-salvo-in-battle-over-new-namibia-exploration-play/2-1-1635016

Https://inspiratia.com/article/qa-rwe-exploring-the-hydrogen-storage-landscape--1

Ongoing funding reliance is not sustainable. Our goal is to evolve to a point where projects can stand economically without subsidy support. Achieving this hinges on market maturation and favorable regulatory developments that reduce uncertainty and enhance investor confidence.

How does the transition of existing salt caverns from natural gas to hydrogen storage look like?

Repurposing salt caverns for hydrogen storage isn't as straightforward as repurposing pipelines. While the caverns themselves can be used for hydrogen, which is advantageous, the real challenge lies in adapting the above-ground infrastructure, particularly the injection and withdrawal capacities. In natural gas storage, we typically operate with about 10 caverns per site. If we were to repurpose these sites for hydrogen without careful planning, switching off even one of these sites could create a significant security of supply issue for natural gas market.

To avoid this, we need to develop new injection and withdrawal capacities specifically tailored for hydrogen, which also involves different cleaning processes. Therefore, to ensure the security of natural gas supply and facilitate the transition to hydrogen, it's essential to develop hydrogen-specific facilities adjacent to or integrated with existing natural gas infrastructure. The development of hydrogen storage projects, particularly pioneering initiatives, heavily depends on securing funding commitments. Major commercial projects are currently awaiting final funding approvals, and additional financial support will be crucial for advancing these first-mover projects. It's noteworthy that none of the salt cavern projects are planning to repurpose entire natural gas storage facilities, highlighting the complexities involved in this transition.

Can you discuss RWE's plans to expand its hydrogen storage capabilities in Europe?

Our plans for expanding hydrogen storage capabilities hinge on two critical factors. Firstly, the presence of suitable salt layers where caverns can be constructed is paramount. Equally important is proximity to customer areas, which dictates the viability of these projects. Regions like North Rhine-Westphalia in Germany are particularly favorable due to their close proximity to significant customer bases. The chemical triangle in Saxony-Anhalt, near our current storage facilities, also presents opportunities with existing caverns and potential for expansion. Eastern Germany similarly offers potential with ample caverns for repurposing and a growing demand base. Ultimately, our strategy revolves around aligning storage locations with customer proximity to optimise supply economics and support industrial needs effectively.

What does your customer base look like?

Initially, our focus is on industrial customers, particularly refineries and the steel industry. These sectors are at the forefront of needi

RWE, SGN, Sumitomo & many more in back ground.

Watch this space.

H2 view Logo

AG Image for 125503421

rwe-backs-ukog-hydrogen-storage-projects-in-the-uk

RWE backs UKOG hydrogen storage projects in the UK

By Edward Laity

on Aug 02, 2024

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News Technology

RWE has agreed to support UK Oil & Gas’ (UKOG) underground hydrogen storage projects in Dorset and Yorkshire, the UK.

Under a letter of support (LOS), RWE will collaborate with the UKOG subsidiary, UK Energy Storage (UKEn), on the development of hydrogen storage sites.

RWE has planned hydrogen plants in the Solent Cluster, Didcot and Teesside, which are in geographic and planned pipeline proximity to UKEn’s storage projects. This will present the opportunity to store hydrogen produced from excess renewable power for future conversion to power during high demands.

Read more:RWE and Kellas Midstream to explore gigawatt-scale green hydrogen production at Teesside, UK

UKOG also saw its shares increase by around 29% following the signing of the agreement with RWE, one of the biggest energy companies that supply around 15% of the UK’s power demand.

Jeremy Smith, RWE UK’s Head of Hydrogen Business Development laid out four key points as to why UKEn’s hydrogen storage projects will benefit the German-based company:

Enable RWE to offer firm hydrogen supply contracts and to manage production outages;

Allow RWE to optimise electricity cost and electrolyser operating regime in response to renewable generation capacity and wholesale market price signals;

Enable efficient sizing of RWE’s optimised production facility to most efficiently meet expected off taker demand;

And help smooth RWE’s hydrogen production profile with the store acting as a buffer.

Smith added, “We have committed to working with UKEn to ensure that the design and delivery of the storage facilities meet the needs of RWE and other potential industry users.

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“We are giving permission for you (UKEn) to reference RWE as a ‘supporting party’ in discussions with government and your proposed submission for revenue support via hydrogen storage allocation rounds.”

Similar LOS from Sumitomo and SGN will be used as required documentation for the company’s future application for hydrogen storage revenue support.

Read more: Sumitomo supports UK Oil & Gas’ underground hydrogen storage plans

Stephen Sanderson, UKOG Chief Executive, said, “Their [RWE] recognition of the potential benefits our storage could bring to RWE’s green hydrogen projects underscores our project’s credentials and the significant impact they could have on the UK’s hydrogen economy and energy security.”

H2 View understands that whilst the storage projects are at an early engineering design stage, there is no certainty they will receive UK government support.

Https://maritime-executive.com/article/gas-company-seeks-to-excavate-h2-storage-caverns-under-portland-port#:~:text=A%20British%20energy%20company%20plans,government%20support%20for%20the%20project

.A British energy company plans to dig a massive salt cavern under a former naval base in order to provide a buffer for utilities and other consumers, and it expects to win fast-track approval and government support for the project. If constructed, the one-billion-cubic-meter storage facility under Portland Port would be twice as large as all other salt cavern complexes in the UK combined - and another one billion cubic meters of capacity is in the planning for a second phase of development.

Salt caverns are ideal for storing hydrogen because they are airtight and relatively easy to excavate. The presence of salt means that the formation is solidly enclosed and has no water infiltration, because water would have dissolved out the highly soluble salt layer. By the same token, the developer can create caverns in the salt layer by drilling a well, injecting water, and dissolving out salt until the desired size and shape of the cavity is reached. In this case, the caverns would be about 300 feet wide, with about twice the volume of St. Paul's Cathedral in London.

The location at Portland Port is ideal, according to UKOG subsidiary UKEn. It is close to the Solent Cluster of industrial sites, near to the Hinkley Point nuclear plant, and well-situated to take advantage of a new source of offshore wind power off Portland Bill. It is also nearer to London than any other geological storage facility.

UKEn says that it would have enough space to provide about one fifth of the UK's 2035 hydrogen storage needs, plus enough space to serve as a hydrogen battery for smoothing the ups and downs in the renewable power supply.

One of its core suppliers would be a planned natural gas-to-hydrogen plant at the Bacton Energy Hub, sponsored by Sumitomo. This plant will use carbon capture and storage technology to manage most of the CO2 it creates when splitting methane into H2 and carbon dioxide, and it plans to send much of its production to the Portland Port salt caverns for distribution.

When first announced in 2022, the facility was pitched as a "hydrogen-ready" storage site for natural gas, and was to be developed in tandem with a new LNG import facility within the port.

Portland Port has hundreds of years of history as a commercial and naval seaport. It was a major Royal Navy base up until 1995, and it has become an important port for agricultural interests, cruise lines and offshore operators.

Just be patient £££££££££££££££££££

Https://www.gov.uk/government/news/record-breaking-funding-for-clean-energy-in-britain

To maintain our globally competitive advantage, empower our supply chains and enrich our communities, it is essential that we enable deployment at pace across all clean energy technologies through the Contracts for Difference scheme.

Unleashing the full potential of Scotland’s renewable energy pipeline, in particular floating and fixed offshore wind, will require building on Allocation Round 6 to maximise deployment through future allocation rounds.

This will drive economic growth, deliver energy security and achieve the UK government’s clean power mission.

Last week the government launched Great British Energy in partnership with the Crown Estate, backed by £8.3 billion of new money, which is estimated to create up to 20-30GW of new offshore wind developments reaching seabed lease stage by 2030.

The budget increase for Contracts for Difference marks the latest milestone in the government’s clean energy superpower mission, building on the lifting of the onshore wind ban and the approval of major solar farms powering the equivalent of almost 400,000 homes.

Now the budget has been set, the auction will take place in August with successful projects to be announced in September 2024.

Notes to editors

A Contract for Difference (CfD) is a private law contract between a low carbon electricity generator and the Low Carbon Contracts Company (LCCC), a government-owned company.

CfDs work by guaranteeing a set price for electricity – known as a strike price – that generators receive per unit of power output.

When the market price for electricity generated by a CfD Generator is below the strike price set out in the contract, payments are made by the LCCC to the CfD Generator to make up the difference. However, when the market price is above the strike price, the CfD Generator pays LCCC the difference.

The 2-way design of the scheme also protects consumers and businesses from future uncertainty on the global energy market. This is because when wholesale electricity prices are higher than the agreed CfD price, generators pay back into the scheme which is then passed back to billpayers.

In this auction the maximum strike price for this auction are as follows:

offshore wind £73/MWh

onshore wind £64/MWh

solar £61/MWh

floating offshore wind £176/MWh

geothermal £157/MWh

tidal £261/MWh

Today also saw the first inaugural meeting of the Onshore Wind Taskforce which brings together industry experts to accelerate the development of onshore wind across England.

Explanatory notes

Pot budgets, including this year’s £1.555 billion budget split across the 3 pots, are presented in 2011-2012 prices, in line with what has been published in the Budget Notice. These figures are:

an estimate of annual support in the years following deployment. Actual annual figures will vary over the lifetime of the contract dependi

Inspirit Energy Holdings

29 July 2024 10:00:38

Source: Sharecast

The AIM-traded firm said the waste heat recovery system used its proprietary ‘Sterling’ engine technology, explaining that its compact nature enabled it to be positioned in the exhaust system after the catalytic converters, with the energy being directly transferred as an electrical output.

During the demonstration, the three-stage heat recycling process increased engine efficiency by about 20%, driven by waste heat from a Volvo Penta D13 series engine.

In addition to the efficiency improvement and heat reduction, the waste heat recovery system was also expected to have the additional significant benefit of reducing noise.

The board said the letter of support validated Inspirit's technology, and underlined its ability to capitalise on the changing market and greater demand from consumers for environmentally friendly, energy efficient and cost-saving products.

It said the technology would be tested over the next 12 months, and if successful, could lead to a test of the system in a Volvo engine, to confirm the efficiency and output.

“We are delighted to have the opportunity to work with the team at Volvo Penta on the development of a waste heat recovery system utilising the Inspirit Sterling engine technology and the knowledge and technical expertise of our teams,” said chairman John Gunn.

“We believe the technology will have applications in a wide range of other sectors including commercial and performance automotive, marine and solar and we are hopeful that this project will provide a gateway to working on future projects with the Volvo Group”