The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
From Citywire's round-up of the press:
The Times: Shellâs new chief executive Wael Sawan is considering ditching plans to reduce its oil output this decade, declaring that it is ânot healthyâ to cut production.
"I am of the firm view that the world will need oil and gas for a long time to come. As such, cutting oil and gas production is not healthy".
Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to set the price of two-thirds of the world's internationally traded crude oil supplies. It is one of the two main benchmark prices for purchases of oil worldwide, the other being West Texas Intermediate
UK Oil & Gas PLC (LON:UKOG) has confirmed the successful completion of horizontal drilling at the Horse Hill project.
Horse Hillâs largest stakeholder, in a statement, declared that the new well is âoptimally placedâ to deliver significantly higher production rates compared to the vertical HH-1 well which remains in extended well testing.
HH-1 well has to date flowed in excess of 77,200 barrels of crude oil from two separate zones, the Portland reservoir and the deeper Kimmeridge play.
Test production in the Portland achieved maximum flow rates of around 362 barrels per day in the vertical HH-1 well.
In the new well, HH-2z, some 2,500 feet was successfully drilled horizontally wholly within the targeted âsweet spotâ of the conventional Portland oil reservoir.
It was decided, according to Alba, that there was little technical or economic merit in completed the maximum allowed horizontal section, of 3,000 feet, because the programme achieved a good, clean horizontal trajectory
Battery powered cars,
https://www.youtube.com/watch?v=4m4OHi7NXuI