PMG, GTE, Recôncavo

PMG tiedotti viikko sitten hankkineensa 75% osuuden brasilialaisesta Alvopetro S.A:sta. Hankinnan kautta PMG saa osuudet 40,000 eekkeriin PNG-oikeuksia Reconcavo Basinissa. Reconcavosta on tuotettu 1.5 miljardia tynnöriä öljyä alkaen 1930-luvulta, mutta alueelta ei ole tehty merkittäviä tavanomaisia löytöjä viime vuosikymmeninä, lukuunottamatta Petrobrasin noin 15 miljoonan BOE:n osumaa basinin pohjoisrajalla.

PMG:n joulukuun presentaatiosta:

Gran Tierra(GTE) on toiminut Reconcavossa vajaat pari vuotta. Yhtiön tuotanto alueelta nousi tämän vuoden lokakuun lopulla uuteen ennätykseen(kesäkuussa100 boeta->lokakuun 18. päivä 850 boeta) kolmen uuden kaivon kaivon tuotannon käynnistyttyä. Kiavot tuottavat ilmeisesti tavanomaisesta poolista, mutta GTE on piakoin testaamassa horisontaaleja tiukkaan hiekkakivimuodostelmaan, mahdollisesti samaan yllä mainittuun Gomo-muodostelmaan(yllä linkatun presentaation sivulta 25 löytyy Gomon parametreja verrattuna valittuihin P-Amerikan tiukkoihin muodostelmiin).

Alemmasta kartasat(napattu Brookwater Venuresin presentaatiosta) näkyy, että PMG uudet pläntit ovat melkein hajuetäisyydellä(itä ja eteläpuolella) GTE:n blokeista. GTE osti muuten oikeutensa Recâvossa Alvorada Petroleo-nimiseltä yhtiöltä, liekä tällä mitään yhteyttä Alvopetroon.

Tavanomaisien löytöjen(ja siten nopeiden merkittävien tuotannon lisäyksien) todennäköisyys PMG:n uusilta eekkereiltä Brasiliasta on varsin vähäinen, mutta pidemmän aikavälin resource play-potentiaalia näyttäisi olevan. GTE:ltä pitäisi tulla uutisia Gomon horisontaalista potentiaalista 6 kk:n sisällä.

"Petrobras targets 28 areas for cost cuts, expects impact in 2013"

Reuters:

Company targets areas that cost $31 bln in 2011 spending...

7,5 miljardin dollarin edestä leikkauksia tavoitteena. Poraajat tulevat varmasti olemaan tulilinjalla.

Noble Corp. tj. David Williams Q3-CC:

"Brazil is becoming a very complex and a difficult place to work"

SDRL tilaa, tilaa ja siirtää(?)

SDRL-tiedotteita muutaman viikon ajalta:

SDRL- North Atlantic Drilling confirms the order of a new harsh environment semi-submersible drilling rig

Aluksen hinta($650 miljoonaa) on ylättävän edullinen, varsinkin kun vertaa Aker Drillingin muutaman vuoden takaisiin aluksiin.

SDRL - Seadrill orders a new tender rig

Tässä lienee osin kysymys kalustokannan uusimisesta, jolloin joku vanhemmista aluksista päätynee romuraudaksi pian.

John Fredriksen bommer i Brasil

Eli Brasilian tytäryhtiön IPO vähintäänkiin siirtyy heikon markkinatilanteen(kysynnän) vuoksi.

Canacol 2012 ohjeistus

Eilisestä tiedotteesta:

• Capex $150 miljoonaa

• 44 kaivoa(brutto)

• Keskimääräinen tuotanto 14,000-16,000 tynnyriä per päivä

Capexista rajoituksesta 2/3-3/4 voisi tulla liiketoiminnan kassavirrasta($26-30 miljoonaa per neljännes), loput taseesta. Varmaankin tekevät vähintään yhden annin ensi vuonna, siinä määrin tiukalle budjetti kiristää taseen.

Kaivoista 42 Kolumbiaan, yksi Guyanaan ja yksi Brasiliaan.

Tuotantoennusteen toteutuminen merkitsee 27-45% kasvua vuoteen 2011 nähden. Ennuste ei sisällä exploration-kaivojen mahdollisia vaikutuksia. Tuotannosta suuri on yhä Rancho Hermosan tariffituotantoa, josta CNE taloudellisesti saa vain murto-osan(noin 1/6 tavallisesta WI-tuotannosta).

Lopuksi sitaatti tiedotteesta purtavaksi:

With the closing of the Carrao Energy acquisition in November 2011, Canacol has exposure to 138,000 net acres of conventional and unconventional light oil exploration opportunities in the Middle Magdalena basin. The contracts are situated in a potentially large, unconventional oil shale fairway centered on the thick Cretaceous La Luna formation analogous to the Eagle Ford formation, which underlies much of south and east Texas. This unconventional play type has received considerable attention from international resource play operators in recent months. Ecopetrol is targeting over 25,000 barrels of production per day from the Middle Magdalena unconventional shale fairway by 2015. The blocks are also favourably situated on a shallower conventional oil fairway in proven producing reservoirs in the offsetting blocks.

Brasseilta viinakset lopussa ja vitutus päällä

Brazil’s Rousseff Orders Report on Ethanol Volatility, FT Says

Brazil’s President Dilma Rousseff ordered a team of ministers to look into ways of reducing volatility in ethanol prices, including the possibility of government intervention in the market, the Financial Times reported, citing Energy Minister Edison Lobao.

Brazil's Ethanol Industry Struggles to Meet Rising Demand

Da Mata Plans Second Ethanol Plant in Brazil as Demand Surpasses Supply

Hassu juttu, Brasilia on tänä vuonna tuonut sekä bensaa että etanolia ulkomailta ja samalla vienyt mololempia. Ovat jo hemmetin moisia businessmiehiä tai sitten surkeita.

PBR:n osakkeet arvottomia?

Petrobras faces 'tax backlash'

Brazil's state-run oil company Petrobras could be forced to pay 15.5 billion reais ($9.8 billion) in back taxes to the Brazilian government, the Folha de S. Paulo newspaper reported Friday.

The charge could hurt the company's earnings over the coming years as Petrobras did not make any provision for this expense, the newspaper said.

Brazil's Secretariat of the Federal Revenue charged the payment of several taxes including income tax and social contribution over net profit. It argues that Petrobras paid less than it should or did not pay at all some of the taxes.

Petrobras, led by chief executive Jose Sergio Gabrielli, has appealed. The company confirmed that was it charged by the secretariat, but argued it had paid the taxes according to the law, Reuters quoted the newspaper as saying.

Nobody at Petrobras’ office in Rio de Janeiro was immediately available to comment.

The company posted its highest profit ever in the fourth quarter of 2010, with net income soaring 38% on financial earnings and lower expenses.

HRT tarjoaa UNX:stä $730 miljoonaa

HRT PARTICIPAÇÕES EM PETRÓLEO S.A. TO ACQUIRE UNX ENERGY CORP. FOR C$6.17 PER UNX COMMON SHARE, VALUING UNX ENERGY CORP. AT C$730 MILLION

HRT PARTICIPAÇÕES EM PETRÓLEO S.A. TO ACQUIRE UNX ENERGY CORP. FOR C$6.17 PER UNX COMMON SHARE, VALUING UNX ENERGY CORP. AT C$730 MILLION

Feb. 24, 2011 (Canada NewsWire Group) --

CALGARY, Feb. 24 /CNW/ - UNX Energy Corp. (TSX-V:UNX) ("UNX") announced today that it has entered into a definitive agreement (the "Arrangement Agreement") with HRT Participações em Petróleo S.A. (Bovespa: HRTP3) ("HRT") pursuant to which HRT will acquire all of the outstanding common shares of UNX ("UNX Shares") by way of a Plan of Arrangement pursuant to the Business Corporations Act (Alberta) (the "Arrangement").

UNX Chairman, Duane Parnham commented: "In combining the two companies, the resulting entity forms a South Atlantic Margin powerhouse controlling impressive exploration and development concessions in both Namibia and Brazil. This transaction delivers an immediate and significant premium to our shareholders, and provides them with the opportunity to participate in the enormous potential of HRT's prospects. We are delighted that a company with the financial and technical strength of HRT, and which has been a long-term partner of UNX, is going to take our world-class Namibian prospects to the discovery stage. The UNX Board of Directors believes this is a very attractive transaction for our shareholders and has unanimously determined to recommend the deal."

Pursuant to the Arrangement, HRT will acquire each UNX Share in exchange for 0.5579 of a Global Depositary Share. Each Global Depositary Share will represent an interest in one one hundredth (1/100) of an HRT common share deposited (or subject to deposit) pursuant to a deposit agreement with Bank of New York Mellon, the proposed depositary in connection with the establishment of the Global Depositary Share structure. Based on the ratio of HRT common shares per Global Depositary Share (1/100), HRT will issue 0.005579 of an HRT common share to acquire each UNX Share. Holders of Global Despositary Shares will be responsible for certain customary fees and expenses of the depositary in connection with the ongoing administration of the Global Depositary Share structure. The Arrangement is conditional upon the Global Depositary Shares being listed on the Toronto Stock Exchange or a related exchange.

Net of certain Brazilian taxes payable by UNX shareholders in connection with the Arrangement, which equate to a maximum of 1.88% of the value of the HRT common shares underlying the Global Depositary Shares received, UNX shareholders will receive approximately 0.5474 of a Global Depositary Share for each UNX Share (which equates to approximately 0.005474 of an HRT common share for each UNX Share). The net exchange ratio represents an implied price of C$6.17 per UNX Share based on HRT's closing share price on the Bovespa as at February 23, 2011. The implied price of C$6.17 per UNX Share represents an implied premium of 29% and 39% to UNX's closing share price of C$4.80 and 20-day volume weighted average trading price of C$4.45 on the TSX Venture Exchange as at February 23, 2011. The Arrangement values UNX at approximately C$730 million based on 118.3 million fully diluted shares outstanding.

UNX director, Knowledge Katti commented: "This is a major investment into the Namibian oil and gas sector. This deal demonstrates the confidence that a globally respected and fully-funded company like HRT has in the immense potential for discovering oil in Namibia." Katti further explained: "We will work closely with our Brazilian partners not only to find oil in Namibia, but to make sure that we contribute towards the advancement of the Namibian nation."

Tuota lihavoitua kohtaa en ymmärrä. Useamman eri yhtiön ADSiä ja GDSiä on tullut omistettua, mutta noissa aina listattu yhtiö on vastannut kuluista.

Pari kuuta sitten HRT:stä.

"in Namibia where it expects to certify 3.5 billion barrels of oil reserves this year"

Koukuttava sitaatti tästä artikkelista:
HRT Plans Canada, U.S. Listing After Brazil IPO

HRT on heitellyt suuria lukuja julkisuuteen jo viime vuonna, mutta noiden miljardien "sertifiointi" ei liene ajankohtaista vielä vuosiin, jos koskaan. Presentaatioita ym. infoa HRT:n kotisivuilta.

Lisäys 30.01.2011: muutama Namibia-teemainen junnu

UNX Energy

Chariot Oil & Gas

Energulf

Tower Resources

Otsikoita

Iraq unlikely to meet oil target

Mexican oil output rises to nine-month high

Russian Feb oil, gas output reach new peaks

Australia Oil Output Lowest in 40 Years, Report Says

Seadrill Chief Says Scorpion, Pride Have “Attractive” Assets

Rig breather for Petrobras

Vain 2 kuukautta lykkäystä tässä vaihessa.

LEG päivittää ja CNE julkisti rahan poltto-ohjelman

LEGACY OIL + GAS INC. PROVIDES OPERATIONS UPDATE

"The Company drilled 22 gross (17.9 net) wells in the fourth quarter 2009, resulting in 22 gross (17.9 net) oil wells, for a 100
percent success rate"

"At Taylorton, the well completion technique continues to evolve, with the three most recent Legacy operated wells achieving a
26 percent average improvement in the first 90 days oil production rate compared to the historical average"

"At Heward, analysis has determined that a number of previously drilled Bakken producers had been frac’d out of zone. Legacy
has revised the completion program and fracture stimulation treatment and applied it to the three recent Legacy operated wells in Heward. The three wells have achieved a 37 percent average improvement in the first 30 days oil production rate compared to the historical average"

"Concurrent with the execution of the development program,
Legacy continues to evaluate and bring forward incremental opportunities that could add significant value for shareholders; including work‐overs, infill drilling, step‐out drilling, secondary recovery projects and greenfield initiatives"

Canacol Energy Ltd. Announces US$46 Million Capital Program for 2010

"Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX VENTURE: CNE) is pleased to announce a US$46 million capital budget in 2010 for exploration and development activities in Colombia, Guyana, and Brazil. The budget includes the drilling of 15 wells, which include 3 exploration wells, one each in Colombia, Guyana, and Brazil, and 3 appraisal and 9 development wells in Colombia"

"The Corporation anticipates production to average 4,200 barrels of oil per day (“bopd”) net production revenue in 2010, with an exit rate of 7,000 bopd, which excludes any production resulting from exploration success. Canacol has US$25 million in cash at the end of Q4, 2009, and the 2010 work program is expected to be fully funded from a combination of cash on hand and cash-flow from existing operations"

Jos 7000 tuotanto saavutetaan vuoden päätteeksi ja WTI= 60-70 niin 100% nousua vuoden sisään. Tuo Capella on kinkkinen siinä että 10% osuus ei anna juurikaan vaikutusvaltaa projektin eteen päin viemisessä, varsinkin kun operaattori on melkoisen iso. Mutta tuo 10% arvo voi olla myytäessä (kun kenttää on kehitetty hieman enemmän) enemmän kun CNE:n tämän hetken EV.
Lisätä pitäisi.

Otsikko jos toinenkin

Iraq oil claims may be too high

OGX racks up Campos bounty

RWE Dea Spins Bit in Northern Germany

Cnooc May Double Oil, Gas Production Off South China

"The deepwater areas are said to hold a significant amount of resources,” Qiu Xiaofeng, a Shanghai-based analyst with China Merchants Securities Co., said by telephone. “Cnooc may need to enlist help from overseas partners in the beginning due to potential technical difficulties"

Suhteellisen tuoreita otsikoita

ExxonMobil predicts 25% jump in gas demand

High Compliance is OPEC's Weapon Ahead a Tough 2010

Denbury buys Conroe field, plans EOR flood

PGS sheds onshore business

Tethys Oil Reports Excellent Results From Testing On Block 3, Oman

Floating production system orders resume

OGX scores big in Campos

Reliance pairs up in Colombia

Indian producer Reliance Industries has signed a deal with Colombian state oil company Ecopetrol covering two deep-water blocks in Colombia.

SDRL - West Atlas update

The West Atlas jack-up drilling rig has been formally condemned by its insurers following a fire on PTTEP Australasia's Montara Well Head Platform that took place between 1 - 3 November 2009

Uutisia

ATA Says Natural Gas Not Viable for Longhaul

Pemex Proven Reserves May Drop for 11th Straight Year

Russia oil output rises by 0.8 percent in Jan-Oct

NZ Zeroes in on Offshore Deepwater Basins

Sonangol, Petrobras Strike Oil in Deepwater Angolan Well

Repsol weighs Brazil CO2 challenge

Petrobras and BG Group in LNG deal

"Brazilian state-run energy giant Petrobras, has formed a joint-venture with BG Group to develop a floating liquefied natural gas processing facility, Petrobras said in a statement"

Kelluvia kaasun nestetyksen ja uudelleen kaasutuksen projekteja on suunnitteilla useita. Markkinoiden uudemmista toimijoista mm. Golar Energy ja Flex LNG ovat markkinoineet ratkaisujaan jo jonkin aikaa, mutta toteutus valinnat ovat kohdistuneet suurien toimijoiden kuten Technipin tuotteisiin.

Horn River gas output to rise tenfold

Horn Riverin kaasuresursi on massiivinen ja sieltä sekä Montneysta tuotettavaa kaasua onkin kaavailtu vietäväksi Kaakkois-Aasiaan. Kanadan länsi-rannikolle on suunnitteilla vientiä varten Kitimat LNG-terminaali. Hassua miten asiat muuttuvat: vielä muutama vuosi sitten BC:n rannikolla sijaitsevalle Texada-saarelle suunniteltiin rakennettavaksi LNG:n tuontiterminaalia.

Kitimat-terminaalia puuhastelee yksityinen yhtiö nimeltä Galveston LNG, mutta vietävä maakaasu terminaaliin kulkisi pääasiassa Pacific Northern Gasin ja Spectra Energyn putkia pitkin.

FIXAILTU 19.11.2009 ja 22.11.2009

Headlinereita

OGX Estimates Up to 500MM Barrels in New Discovery Well

Veden syvyys 130 metriä, eli teoriassa ultra premium jackupin ulottuvilla. Kehitysporaamiseen voisi varmaan käyttää j-u:ta ja säästää melkoisesti.

Global oil demand to be 84.3 mb/d in 2009: OPEC

Frontline Says Fujairah Ban to Spur Tanker Scrapping

Enoc's Dragon hopes hit again

Mä en pidä korotusta todennäköisenä, johtuen yhtiön Turkmenistanin sopimuksien epämääräisestä luonteesta ja ENOCin taloudellisesta tilanteesta.

Devon to divest international, Gulf of Mexico assets

Käytännössä tarkoittaa shale-kaasuun ja Kanadan raskasöljyyn ja bitumeihin keskittymistä. Kiinalaiset ehkä ostamassa GOM-assetteja, ostajia täytyy kuitenkin olla useita. Aika raju veto ja harvinainen siten että yhtiö myy merkittäviä öljyresurseja. Aiemmin tänä vuonna on kaupattu lähinnä jäämistö öljyresurseja(Talismanin Bakken ja Pembina-myynnit) ja maakaasua. Devonin pressan haastattelussa BNN:llä siirron tiimoilta.

BP finds oil in second Kaskida well


George Soroksen rahastot omistavat tai ainakin omistivat Gran Tierraa Q2:n lopussa reilun miljoonan osakkeen verran. Saada nähdä miten on positio muuttunut. Osake on noussut aika lailla ilman suurempaa syytä.
PÄIV 17.11.2009
Soroksen rahastot ovat tuplanneet omistuksen GTE:ssä Q3:lla yli kahteen miljoonaan osakkeeseen.

Uutisia

Upstream: Montara slick polluting Indonesian waters

HSN: Tanker new building orders at lowest point in 30 years

Upstream: GNPC eyes Jubilee for itself

Upstream: Sinopec joins Jubilee bidding frenzy

Ecuador to Europe: Pay us not to drill in Amazon

Tyhmä ei ole se joka pyytää...

Petrobras To Pay BRL2.06 Bln Special Tax At Marlim Field

Yllä oleva kommentti pätee ehkä myös tässä. Petrobras: Kaikkien brasilialaisten ikioma lypsylehmä.

Rigzone: Atwood's Richmond to Drill 1 Well in US GOM

Sopimuksen dr $32 500. Atwoodin mukaan Richmondin päivittäiset operointikustannukset ovat n. $40 000, sopimus siis ilmeisesti katteeton.

BT: BW Offshore sees market improving, contracts back

Kelluvan tuotannon markkinoille tunki parin vuoden aikana liuta uusi yhtiöitä joista osa on nyt mennyt nurin (mm. PetroProd). Sektori ei ole lähellekkään yhtä dynaaminen kuin poraus(FPSO/FSO-sopimuksien kestot jopa yli 10 vuotta), mutta kuten syvän veden porauksessa tai itseasiassa osittain syvän veden porauksen vuoksi kasvua pitäisi olla odotettavissa selvästi tulevina vuosina. Matalat (sukkula)tankkeri-taksat ymmärtääkseni vaikuttavat merkittävässä määrin kelluvan tuotannon kannattavuuteen.
Alla oleva kuva on lainattu Prosafe Productionin lokakuun alun RS Platou-presentaatiosta. BWO on muuten ProPro:n ja Nexus Floating Productionin suurin osakkeen omistaja.

Isoa ja pientä uutista

Chinese firm makes major acquisition in Alberta's oilsands

Lula Increases State Control Over Brazil Oil Reserves

Baker Hughes shells out $5.5bn for BJ

Toreador Zeroes in on Paris Basin Oil Shale for Future Developments

Headlines

ExxonMobil seals $41bn China LNG deal

"Australia and China struck their biggest trade deal ever today as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina, agreed a $41 billion liquefied natural gas deal.

"It's a statement about the nature of our two economies and the fact that Australia is important to China, just like China is important to Australia," Australian Resources Minister Martin Ferguson told Reuters in Beijing.

The gas sale agreement between ExxonMobil and PetroChina comes just weeks after ExxonMobil signed a A$10 billion (US$8.24 billion) Gorgon LNG sales deal with India's Petronet, which marked Australia's first ever LNG contract with India..."

Mexico Wants Oil Alliance with Brazil's Petrobras

"The creation of an oil "alliance between Mexico and Brazil, as well as to increase the productive capacity of both countries" was proposed Sunday by Mexico President Calderon, on an official visit to Brazil.

Earlier, President Calderon proposed checking into the creation of a free trade agreement between what he called "the two biggest and strongest Latin American economies..."

What exactly is Mexico going to contribute to this alliance?


Sevan Marine considers rigs after Sevan Driller

QIDONG, CHINA: Commissioning of Sevan Marine ultra-deepwater semisubmersible Sevan Driller is ongoing at the COSCO Qidong shipyard, and rig crew have already moved into living quarters. The company is arranging financing for a second semi and considering a third.

Delays in the shipment of equipment have caused a revision in the delivery schedule of Sevan Driller. The rig will now be delivered in the fourth quarter of 2009 and commence its first contract in the first quarter of 2010...

50 miljoonan reikä

"Guarani well off Brazil disappoints"

"US player Hess said the Guarani appraisal well on the BM-S-22 licence in the Santos Basin offshore Brazil showed disappointing results..."

Itseasiassa tämän kaivon hinta taitaa olla korkeampi. BM-S-22 operaattori Exxon vuokrasi Seadrillin West Polariksen edelleen Petrobrasille jo pari viikkoa sitten, joten tätä saattoi odottaa. Seadrillille ei mikään erityisen negatiivinen juttu, mutta Exxonille, Hessille ehdottomasti. Ja jossain määrin myös PBR:lle.

XOM hits paydirt in Brazil

ExxonMobil Notifies Brazil ANP of 2nd Find at BM-S-22

"The Brazilian unit of global oil titan ExxonMobil Corp. notified Brazil's National Petroleum Agency that it had made a second oil discovery at the BM-S-22 offshore block.

In a routine filing with the ANP, Exxon said that it had once again discovered traces of oil in a well drilled in the Santos Basin's BM-S-22 block. In January, Exxon said it had discovered oil in the same 1ESSO3SPS well.
ExxonMobil's local press office confirmed that discovery, which was dated Feb. 17 but posted on the ANP's Web site late Tuesday, was new but declined to give any further details. It's unclear if the find was made after deeper drilling of the well."

"The BM-S-22 block was the last to be drilled in a promising region that could hold deposits of up to 33 billion barrels of oil equivalent, or BOE, government officials have said. The block is part of a cluster of four blocks that contain a gigantic geographical structure, which industry experts and analysts believe could contain several discoveries the size of Petrobras' Tupi find."

Brazil Oil Co OGX Seeks New York Trading For GDRs

DJ Newswire

"RIO DE JANEIRO -(Dow Jones)- Brazilian oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR) asked local stock regulators Monday to approve trading in the company's Global Depositary receipts in New York..."

OGX's majority shareholder is billionare Eike Batista's EBX.
Unfortunately OGX's acreage in the Santos Basin is quite far away from the Tupi, Carioca and Jupiter discoveries, but the company definitely deserves a closer look.
A corporate presentation from December(in English).