RE: HBR's Future Vision8 Jul 2021 13:07
Thanks for the 3 "likes", but I was hoping to start a chat (maybe Boboil would like to join-in?).
While await something uplifting from Boboil, HBR management state their vision is to be a World-class energy company (note "energy", not necessarily oil/gas).
Mopping-up the declining assets of others certainly gives them good income and fab tax opportunities, but hardly sets them on the longer-term course to be that World-class energy company.
Also, by adopting this course, it doesn't indicate an eventual move into renewables, which is already getting quite crowded by the BIG BOYS.
HBR very cannily, make big money from the unwanted assets from a pretty unpopular and unfashionable activity, but how to get to being that World-class energy company?
I'm sure I heard Boris comment recently on Britain becoming a World leader in hydrogen energy technolgy, as battery power has many serious draw-backs. Hydrogen would make a great substitute for petrol/diesel/LPG.
Hydrogen can be produced from natural gas, without any carbon emissions at all (turquoise hydrogen). Although relatively early in its development, this is seen as a real opportunity, but needs a plentiful supply of natural gas.
Then there are logistic issues, but progress is being made in transporting "solid hydrogen", rather than using pipelines, which are problematic.
And what's to be found around the FI region, especially in the SFB? Condensate and gas.
Could it be that HBR's vision starts with oil production from SL, generating income, which will contribute to establishing a new production region, and as the demand for oil declines, move to zero-carbon hydrogen production to become a World-class energy company, supplying Britain that sees hydrogen as an important part of the energy jig-saw?
How about that Boboil, was that positive enough for you? As you haven't come up with anything yourself, would you like to chat?