Member Info for peterlowen

https://www.bnnbloomberg.ca/eu-must-extend-gas-demand-cuts-before-next-winter-bruegel-says-1.1878280

The EU will need to cut gas demand by 13% from February to October, compared with the five-year average, Bruegel estimates show. That assumes Russian pipeline flows remain at current levels and temperatures are around normal.

National Grid puts coal plants on standby to supply electricity
Published
1 hour ago
https://www.bbc.com/news/business-64367504

https://www.dailymail.co.uk/debate/article-11659505/ANDREW-NEIL-Starmer-posing-Greta-Thunberg-obscure-fact-need-oil-gas.html

Harbour Energy to start drilling for more Indonesia oil and gas in September
16/01/2023, 2:27 am
https://www.energyvoice.com/oilandgas/asia/475420/harbour-energy-to-start-drilling-for-more-indonesia-oil-and-gas-in-september/

Oil prices may exceed $140 a barrel this year if Asian economies fully re-open after Covid-related lockdowns, according to hedge fund manager Pierre Andurand.
https://www.rigzone.com/news/wire/andurand_says_oil_may_surpass_140_a_barrel-06-jan-2023-171647-article/

https://www.proactiveinvestors.co.uk/companies/news/1002411/north-sea-oilers-harbour-energy-and-ithaca-tipped-for-major-upside-1002411.html

Jefferies cuts Harbour Energy price target to 435 (470) pence - 'buy'

CNOOC is also in talks for the sale of its assets in the Gulf of Mexico to UK-based oil and gas producer Harbour Energy.

https://oilprice.com/Energy/Energy-General/The-Right-Strategy-For-Oil-Companies-In-2023.html

So, what’s an appropriate strategy for oil company executives given the uncertainties we’ve discussed? From a short-term business perspective, oil companies should aggressively return cash to shareholders, refrain from new investment, and, if they have enough politicians still beholden to them, stall climate mitigation as long as possible while reaping the reward of high prices. And stave off calls for any excess profits taxes. But what about the long term, the impact of high prices on demand, and the reputational damage done by enjoying high profits during a period of distress, famine, and war? We would conclude, from the unwillingness to invest and the stock buybacks that oil company managers themselves have lost faith in the future of oil. So, if you don’t see much of a future in your business, and nobody stands in your way, and it’s legal, you might as well maximize what you can collect now. As John Heywood put it, back in 1546, “When the sun shineth, make hay.” That’s capitalism, isn’t it?

By Leonard S. Hyman and William I. Tilles

A good read....
https://www.adamsmith.org/blog/why-blame-bp-for-what-bp-does

Wall Street Bulls Look Optimistic About Harbour Energy PLC Sponsored ADR (HBRIY): Should You Buy?

https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-harbour-energy-plc-sponsored-adr-hbriy%3A-should-you

Well what do we make of that ?

Well done Harbour..... Lets hope others follow suit.

Harbour Energy and Mubadala plan more exciting deepwater exploration in Indonesia

https://www.energyvoice.com/oilandgas/asia/469375/harbour-energy-and-mubadala-plan-more-exciting-deepwater-exploration-in-indonesia/

Fracking deal with the US will help Britain keep the lights on: Rishi Sunak and Joe Biden will unveil gas supply agreement TODAY
https://www.dailymail.co.uk/news/article-11510103/Rishi-Sunak-Joe-Biden-unveil-gas-supply-agreement-TODAY.html
Andy Mayer, energy analyst at the Institute of Economic Affairs think-tank, added: ‘The UK will pay a premium to import US fracked gas, while sitting on 50 to 100 years of our own reserves.

Err So why is our PM doing deals for gas from USA.?....

https://www.reuters.com/business/energy/opec-will-keep-oil-policy-unchanged-review-talks-sources-2022-12-03/?rpc=401&

https://www.fxempire.com/news/article/eu-agrees-60-a-barrel-price-cap-on-russian-seaborne-oil-eu-diplomat-1216503

https://www.ogj.com/energy-transition/article/14286399/harbour-energy-advances-viking-ccs-project

Harbour Energy’s Viking CCS CO2 transport and storage network has begun the statutory consultation phase of the development consent order for its 55-km onshore pipeline.

https://www.dailymail.co.uk/news/article-11471383/EU-accuses-PROFITEERING-Ukraine-war-selling-higher-price-gas-weapons.html