Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The US Dept of energy approves the release of 13.4 million barrels of oil from the strategic petroleum reserve. The last time they did this a gallon of gasoline dropped by a few cents.
Brent up 1% in Asia to $88.88 on outlook for stronger global demand partly due to less risk from Omicron in key economies
Clogs made from wood float so BvB can walk on water simples
Shell has just signed a deal to supply the Mexican state oil company Petroleos at the Deer Park refinery with 200,000 barrels of crude pd for the next 15 years.
Shell and British regulators have revived talks on developing the North Sea Jackdaw gas field.
Price drop may have something to do with Biden pledging to tackle fuel prices.
There has been an explosion on the Kirkuk - Ceyhan pipeline which carries 500,000 barrels of crude oil pd to Turkey. The fire is out and the cause unknown but it has been attacked countless times in the past.
NSS nice I am also retired and about 2km away from the beach in Cape Town but it’s summer here
Once again the Houthi attack on Abu Dhabi has not really affected the oil price too much and any gains will probably be short lived. If however they can prove what we already know that Iran is behind the drone attack then there could be reprisals and things could go sideways very quickly.
NSS, Also another $2-3 Billion when we sell off Nigeria if we can find a buyer.
There does not appear to be much interest except from the locals who don’t want to pay the true value.
John 42 It would appear in a world larger than yours
Hey Boyo, No I was just interested to see where we would end up at close of play on Friday night.
Thanks Boyo yes magic Brent at $86.50 and RDS closed at over $50.
I watch many interviews with people in the business who predict $100 plus for WTI in 2022 which could be up 20% from here.
Sorry fat thumbs. If Brent increased 20% this year would it be reasonable to assume Shell would follow taking us to £22 ps or are there just too many variables.
Brent increased 20% this year do you think Shell would also
BP are well passed their high of 3 months ago.
£18
Awfully quiet this time
Shell say Cambo is not economically viable and it’s thought if they can’t, or won’t bring it in then no one else will be able to. This will make it difficult for Shell to sell their 30% share in the Cambo oil field. I believe Shetland is a good spot for wind.
Shell just announced they have canceled the development of the Cambo North Sea oil project. They hold a 30% share.
Yes yes yes