The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hi
https://www.reuters.com/article/oil-demand/factbox-pandemic-brings-forward-predictions-for-peak-oil-demand-idUSL8N2QU2GK
Looks like they are having their own competition.
GLAXXX
Hi,
I think the "gas production %" will be lessened this year due to the two major sources Magnus and Malaysia underperforing comparatively. However they are reportedly/hopefully coming back to peak at the time when prices are highest. I have average historical gas figures for Q2 this year at $50.48 and then July jumping to $71.69 at circa 99p/Therm and as E121 states it is now going through the roof.
I think we still have import gas unused at Magnus till next year so depending on deal or timing that may have benefits as it has previously.
I have Malaysia estimated at 5% gas. If anyone has an opinion otherwise I'd be interested.
GLAXXX
Hi McLondoner,
When you say "anyone else" could check your maths I think you are being overly generous. I sat through some intro to oil hedging videos today and you might as well dip me in chocolate and throw me to the lesbians., I'm none the wiser.
Appreciate your input and enjoy the craic.
GLAXXX
Hi,
A bit of detail on Magnus plans:
"The Magnus infill drilling project is scheduled to be undertaken during 01 September 2021 and 31 December 2022. The consultant drilling engineering services are required for the duration of the project.
The Magnus well activities to be completed during this period:
The slot recovery, drilling and completion of a minimum of 3 sidetracks
A production casing cement repair
A well conductor reinstatement "
GLAXXX
Hi,
I've heard a rumour that someone is developing steam power and bizarrely burning black rocks from pits in the ground!! A neighbour suggests that he is going to drill his backgarden in search of something called black gold!! Strange times.
GLAXXX
Hi L3
It's for real I think.
http://barakahpetroleum.com/bop/
Legal announcement after last report so might have been unreportable at that point.
Dropbox file updated. It's done that a couple of times, need to be careful with page sizes I think.
Will email at some point
GLAXXX
Hi,
Meanwhile, having gorged, Petroatlantic is en route to Rotterdam hastier than the OnlyFans CEO departing a safeguarding conference. VLSFO Rotterdam pretty much on the rise since mid August currently North of $82 . . . but could be destined beyond. All good.
GLAXXX
Shawz007,
Jealousy will get you nowhere:
https://www.wired.com/2015/09/absurd-creature-week-slug-big-*****-mate-upside/
"Still curled around each other, hanging and gently twirling, the slugs simultaneously unravel their alien-blue *****es, which come out of the right side of their head"
Anyway, my mum says that your mum says that I'm not allowed to talk to you anymore.
GLAXXX
Hi,
Meanwhile at Kraken Petroatlantic is latched on tighter than a Taliban turban at a Bagram swingers party. Might be headed for Scapa Flow and a double load for Aitolos which is bound for USA and currently being serviced by sistership PetroNordic having come from Heavy Oil Field at Captain. If it goes to New York Bunker Price VLSFO currently over $86 a barrel.
GLAXXX
"Fire at Key U.K. Power Unit Knocks Out France Link Until October
Firefighters have been battling a fire that broke out early this morning at a key electricity converter station in the UK which has shut down a major cable that brings power from France. This outage has resulted in worsening Britain’s energy crunch and as a result of this, Gas and power prices have jumped.
The outage is believed to last until 13th October and has come at the worst time with supplies already short and prices at record highs. France is Britain’s biggest supplier of power via two cables that run across the English Channel.
National Grid warned that power capacity would be smaller this year back in July, “With margins already tight for this winter,” the outage will “tighten those margins further, resulting in higher U.K. power prices,” said Adam Lewis, partner at Hartree Partners LP. “This is also likely to tighten the U.K. gas markets as the U.K. will need to substitute imports with its own generation.”
Gas and power prices have jumped as the outage is believed to be out for at least a month. The lack of wind in the UK is boosting demand for gas, and also pushing up power prices.
The UK could face electricity shortages as soon as today if just one large power station suffered an unplanned outage, said Tom Edwards consultant at Cornwall Insight. “We could start seeing problems from 5 o’clock,” Edwards said. “If anything goes wrong we might not have anything left.”
What with trying to order parts and the supermarket shelves . . . .what's that over there? Ahh yes I think someone is opening the Gates of Hell.
GLAXXX
Hi
https://www.upstreamonline.com/finance/malaysian-contractor-takes-action-against-operator/2-1-1066267
Was a five year contract award , , . gone bad.
GLAXXX
Hi.
Frick a doodle doo. I'd like to propose an amnesty where nobody posts for a week to regain their senses. I love the fact that Dr Seuss is involved, his snergelly hoses have frequently been promoted but we are going into a bottomless pit with Plato Wilde and Einstein. Let's at least agree for a rational disussion on Enquest tomorrow morning?!?!?!?!?
GLAXXXXXXXXXXXX