Member Info for NOFEAR

27th October 2021
HAMILTON, Bermuda – Valaris Ltd. has issued an update on its offshore drilling rig fleet.
[Harbour Energy has awarded the jackup VALARIS Norway a contract for accommodation work in the UK North Sea]
The contract is expected to commence in November 2021.

The drilling contractor has stacked the jackups VALARIS 67 and 37 (Arch Rowan) in Indonesia and Bahrain, respectively.

It also sold and retired the jackups VALARIS 22 (Valaris Middletown) and 100. The company sold the jackup VALARIS 142 to an undisclosed operator. The rig can only be used on specific assets.

Free to read. NoPayWall.
https://www.offshore-mag.com/rigs-vessels/article/14213027/valaris-stacks-two-jackups

[The deal has been already done by EIG and Origin Energy. EIG is our biggest institutional investor.
PLEASE STOP MOANING ABOUT HARBOUR SHARES. We will be up sooner or later. Cheers.NoFear(*__*)

Private equity firm EIG Partners is understood to have held talks with Origin Energy about a year ago over selling a 10 per cent stake in the Australia Pacific LNG operation.

Origin announced on Monday that EIG is paying $2.12bn for a 10 per cent interest, with investment bank Morgan Stanley advising EIG.

The deal will now see APLNG held 37.5 per cent by ConocoPhillips, 27.5 per cent by Origin, Sinopec with 25 per cent and EIG with 10 per cent.
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Origin retains its existing seats on the APLNG board and EIG will have one board seat, and Origin will remain as the operator for the asset.

DataRoom understands that Origin has been mulling over the transaction for about a year and it comes amid booming conditions for mergers and acquisitions in the energy and infrastructure space.

EIG invests in oil and gas opportunities globally and is the group that made a $14.5bn unsuccessful bid for Santos in 2018 through Harbour Energy, of which it is a backer.

It is understood that EIG, which counts former Shell executive Linda Cook as its senior advisor, has been scouring opportunities in the Australian oil and gas space since, but has not had any success in finding the right assets to buy in what is a tightly held market.

EIG and Noble Group founded Harbour Energy, now listed on the London Stock Exchange, but EIG remains a major shareholder.

Harbour Energy owns assets in the North Sea, purchased for more than $US5.7bn.

Origin Energy investors are backing the transaction, with shares closing up almost 4 per cent on Monday to $5.38.
Free to read. NoPayWALL
https://www.theaustralian.com.au/business/dataroom/eig-origin-held-talks-for-a-year-over-2bn-aplng-deal/news-story/2797d0fe75af30495982e622a7070df9

27th October 2021
Morgans points out the sale to EIG is interesting in that the company was reportedly backing Harbour Energy when it was courting Santos ((STO)) in 2018.

Read the free full article here below:
https://www.fnarena.com/index.php/2021/10/27/origin-energy-frees-cash-for-the-future/

@Oil and chum negative attitude friends, take all a chill pill. NoFear.(*__*).

Continued...

Last year, the bulk of BP's profit was made in oil as the price first slumped as a result of the impact of global lockdowns on fuel demand, and then recovered in a rally that has continued through 2021 to take oil prices to near their highest since 2014.

One of the biggest trading plays in 2020 was to store oil during the downturn, buying it at low prices and selling it later when prices recovered.

This year, natural gas has been an equally strong performer as a result of the market dislocations that led to the Chinese power shortage and tight European gas supplies.

BP has already earned close to $500 million in trading the first quarter of 2021 after a deep freeze in Texas sent gas prices surging, sources said.

27th October 2021 - I'm using the BP for reference.
(Harbour own Lng gas windfall coming soon too.)

[RPT – EXCLUSIVE – Gas crisis helps to land BP $500 million windfall]

LONDON, Oct 26 (Reuters) – BP's trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company's trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting.

Natural gas and power prices soared to an all-time high in Europe and parts of Asia in August as the global economy recovered from the pandemic and energy consumption increased faster than supplies.

Low gas stocks after a cold winter and hot summer as well as poor renewables output contributed to the rally.

The increase in power bills sparked protests in Spain and put European governments under pressure to find ways to protect consumers and industry and calm the markets. European Union https://www.reuters.com/article/eu-energy-idAFL1N2RM0FT countries failed to agree on a bloc-wide response on Tuesday. ...

In China, the government has taken measures to increase coal output and reform power markets to ensure homes are heated this winter.

BP's gas trading results were disclosed at an internal call with staff earlier this month, the sources said, asking not to be named because they are not authorised to speak to the media. BP declined to comment for this story.

The gains were made as customers in Europe and Asia rushed to buy Liquefied Natural Gas (LNG) from the United States and other parts of the world to cope with shortages – in a reversal of the situation two years ago when LNG producers faced a global glut.Although BP plans to expand power and renewables trading, many of those markets are highly regulated and unlikely to deliver the same profit margins as oil and gas.

Thanks shal1000. Great post on REdditt. Have a great week my fellow harbour investor. NoFear(*__*)

26th October 2021
Some of the energy industry’s biggest names are calling on the UK Government to make Scotland part of its initial carbon capture and storage (CCS) plans.

In a letter addressed to [Prime Minister Boris Johnson], representatives from Oil and Gas UK, ETZ Ltd and the Net Zero Technology Centre (NZTC), among other, urged Westminster to add the Scottish Cluster to its ‘Track 1’ programme.
The signatories say the decision to omit the bid, which has Aberdeenshire’s Acorn CCS project at its heart, makes “no economic or environmental sense” and is a “real blow” to Scotland.
read the full article here below for free and no pay wall. Cheers. NoFear(*__*). Keep The Faith and don't listen to @oil
Click 'N' Zoom in --->>> https://archive.vn/RgwjW

Hi shal1000,
The oil and DBNO chaps are definitely cowards. They only come out of their rat hole when we go down in the red.
It will be just a matter of time and they will be smoked by the MM's raising the dial all the way up. Watch Out Shorts.!
We're unto you. By.(*__*).NoFear

26th October 2021
[Harbour seeks PSV for Indonesia deep-water campaign]
Harbour Energy is seeking a platform supply vessel (PSV) to support its Andaman deep-water drilling programme offshore Indonesia.

Free Click 'N' Read and Zoom in here below
NoPayWall-->>> https://archive.ph/qZUO8

Lots of similar trade lots going through today as sells and buys. We're been played by traders with spare Harbour shares to shuffle around with the MM's order books. We need proper off book trades to move us back up and not AT automatic trades. Also, the Henry Hub gas for November delivery gained as much as 10.7%, the biggest gain in almost three weeks, to $5.844 per million British thermal units. Brent and Wti still in high ranges and not much down. By.NoFear.(*__*).

26th Octobe 2021 - Is it nice that EIG and Chrysaor Norge AS continue doing business as usual?

Ikon Science announced today it has concluded a frame agreement with Chrysaor Norge AS, the Norwegian subsidiary of Harbour Energy plc, the UK’s largest listed independent oil and gas company, for Rock Physics Modelling. Projects under the frame agreement will be delivered through Curate, Ikon Science’s new cloud-enabled knowledge management solution, to democratize data and business learnings for faster and more accurate decision making.
Read the free NoPayWall English article here:
https://www.ikonscience.com/cptnews/ikon-science-to-provide-subsurface-geoprediction-to-support-chrysaor-norge-as/

[U.S. natgas futures jump 6% to 1-week high on cooler weather forecasts]

Oct 25 (Reuters) - U.S. natural gas futures soared about 6% to a one-week high on Monday on expectations
liquefied natural gas (LNG) exports will rise and forecasts calling for cooler weather and higher heating demand
over the next two weeks than previously expected.

Even though the weather will be cooler over the next two weeks, it was still forecast to remain milder
than normal through early November. The U.S. price spike also occurred despite a slight decline in global gas prices
and an increase in U.S. gas output.
The following lists analysts' average price estimates in mmBtu with the most recent estimates on top.
https://www.reuters.com/article/usa-natgas-idAFL1N2RL0QJ

Oil Brent and WTI Getting Ready to Fly High up from 1.35% an more coming....
Lng Gas up almost 8% and other oil derivatives already up too.

Looks like today harbour share price opened with a nice upward gap and recovered last week losses by lunch time.
We should be potentially looking to close end of day at plus £3.84 or max £3.90. Moreover, if we do rebound this high, then Tuesday will have the plus £4 share price target easily passed without any resistance whatsoever. Watch out as harbour will spook the markets with their Halloween special RNS update.
Our stars have lined up a wonderful golden week ahead of all the bad rumours that were spread last week.
By.NoFear.(*__*) .We're Winning. Fingers Crossed. Sauk(OLIVIA)...Pls Don't Double Cross Us.

Hi laidback, more to follow...Tomorrow it's going to be another exciting day for us HBR investors. Fingers Crossed
Nice to see you around. I guess the person posting under the Harrycash tag will not be too happy to see harbour at this
level. They were hoping for the sub £2.85. HAHAHAHA...Good Luck.(*_*).NoFear

Almost midday for Harbour Energy shares to hopefully reach my estimated £3.84 target.
Sauk(OLIVIA) ! Since you're from another planet, could you tell us if you can see this happening today or
I'm too much of a wishful thinking kind of guy for you? How's the ping machine going?...Ping. Ping. Ping. NoFEAR(*__*)

Sauk(OLIVIA)...dON'T YOU KNOW!
They go after the cyber bullies and tracked them down where ever they are in the world.
So, they make or attempt to make the internet a better place for everyone to enjoy and much much more.(*__*)

Darktrace PLC down 25% after Peel Hunt set off a sell rating with price target at £4.71. Wahoo(*_*)
Anyone here still invested in DarkTrace? Are you Sauk(OLIVIA)!

Good Morning Shal1000.(*_*). Have a great1

Harbour Energy Plc biggest shareholder EIG is buying up LNG stakes in Australia with our own Morgan Stanley as their banking advisors.

25th October 2021
Origin announced on Monday that EIG is paying $2.12bn for a 10 per cent interest, with investment bank Morgan Stanley advising EIG. The deal will now see APLNG held 37.5 per cent by ConocoPhillips, 27.5 per cent by Origin, Sinopec with 25 per cent and EIG with 10 per cent.
Click 'N' Read & Zoom in free. NoPayWall https://archive.ph/dhUSc

Good luck to everyone that's long in Harbour Energy.
By.(*__*).NoFear

Oil Brent and WTI Getting Ready to Fly High
Lng Gas up almost 5% and other oil derivatives already up too.

Looks like tomorrow harbour share price should be opening with a nice upward gap and recover last week losses by midday. We should be potentially looking to close end of day at plus £3.84 or max £3.90. Moreover, if we do rebound this high, then Tuesday will have the plus £4 share price target easily passed without any resistance whatsoever. Watch out as harbour will spook the markets with their Halloween special RNS update. By.NoFear.(*__*)

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Cheers.By.NoFear(*__*)

22-october-2021
Finally we got a mention in the Oilprice[.]com Oil & Gas news site
Harbour Energy’s Tolmount field should come online near the end of the year.
https://oilprice.com/Latest-Energy-News/World-News/UKs-Newest-Gas-Projects-May-Ease-Crisis.html