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.

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"

Uutiset eivät vieläkään lopussa

Gateway begins regulatory process

An oil pipeline to the West Coast took a step closer to fruition after regulatory agencies on Friday geared up to begin considering Calgary-based Enbridge's plans to build the Gateway line to Kitimat

Liekö tuolla öljyputkella vaikutuksia suunnitteilla olevaan kaasuputkeen ja nesteytyslaitokseen.

Noble adds to work book

Merkittävin osa tuossa sopimustilanteen päivityksessä on tuo Paul Romanon sopimuspidennys. Dr laskee uudessa 5 kuukauden pituisessa sopimuksessa yli 20% ja 100 000 dollaria edllisestä. Romano on 1980-luvun alussa valmistunut ja '98 päivitetty ei-dp semi, jolla max operointisyvyys 6000 jalkaa. Diamond Offshoren Q3 CC:ssä mainittiin että vailla dp:a olevien semien kysyntä Meksikonlahdella on heikkoa, joten dr:n pudotus ei ole yllätys.

Petrobras to Open Wallet for 2010-14 Investment Budget

Brazilian state-run energy giant Petrobras (PBR) will likely increase its investment budget when the company's 2010-2014 strategic plan is announced in the first quarter next year, Chief Executive Jose Sergio Gabrielli said Friday.

Ei mainintaa mihin raha menee.

Mexican Authorities Slash 2010 Budget For Oil Field Development

Leikkaukset koskevat siis kuivallamaalla olevaa Chicontepec-kenttää, jonka kaivot muistuttavat tuotantoprofiililtaan jossain määrin Bakkenia, mutta C:n kaivojen kaupallinen tuotantoikä on vain pari vuotta.

Kurdistan: A lot of oil, a lot of risk

Kattavahko artikkeli poliittisesta tilanteesta.

Otsikoita

Iraq lays export booster plans on table

Iraq aims to install four new floating oil terminals and three new subsea oil pipelines that will "boost export capacity to 8 million barrels per day from a current 1.9 million bpd, a top oil official said."

Noreco lines up Greenland approval

Arctic melts, but no big "Cold Rush" for oil

Falklands duo in hunt for drill cash

Province touts CO2 pipeline bonanza

Useimmille öljyn ja kaasuntuottajille ja tietysti jalostajille hiilidioksidin talteenotto merkitsee lisäkustannuksia, mutta monille palveluyhtiöille ja putkioperaattoreille uusia ansaintamahdollisuuksia.

China sounds alarm on gas shortfall

Multinationals team up to explore Karoo basin for shale gas

UO

Iraq expansion and IEA call may stifle oil prices

Irakin voi hyvinkin kolminkertaistaa tuotantonsa 6 miljoonaan tynnyriin päivässä, globaalin tuotantoon tuo merkkaisi n.5% kasvua.

Heritage sells Ugandan assets to Eni

Mielenkiintoinen veto. Yhtiön johto lupaa kaupan johdosta 75-100 pencen kertaluonteista osinkoa, mikä tarkoittaisi jopa 20% osinkotuottoa ja kaupan jälkeenkin yhtiöön jää korkean potentiaalin blokkeja mm. Kongoon. Osakkeen reaktio myyntiin on oudon vaisu: LSE-osake laskee ja TSX-osake on kaksi prosenttia plussalla.

HOC on alusta lähtien ollut korkean riskin yhtiö toimien poliittisesti epävakailla alueilla kuten Ugandassa, Kongossa, Kurdistanissa ja Venäjällä ja yhtiön perustajan henkilöhistoria on vähintäänkin värikäs. Mutta riskinotto on viisi vuotta sitten osakkeensa ostaneelle ollut kannattavaa ja tuotto korkeaa(kurssi nousu Venturen osakkeella 800%).

Keppel scores Brazil work for Noble

Tekeekö tämä Brasiliassa tehtävä päivitys nyt näistä riittävässä määrin brasilialaisia jolloin nämä täyttävät Petrobrasin paikallisuus vaatimuksen? Noble ei ole tehnyt tästä vielä tiedotetta.

Gulf Keystone hits more pay in Iraq

Keppel to build Vietnam’s first semi-submersible drilling tender for about US$200 million

Mexico eyes risk contracts to offset Cantarell downturn

"Mexico’s state-owned Petroleos Mexicanos and the Secretaria de Energia (Sener) are preparing risk contracts that will be offered to oil companies—international and domestic—in order accelerate the search for oil and gas, according to local media."

Tertzakian: The silence of the bulls and natural gas prices

Another new oil formation for North Dakota?

"The Birdbear is a thin oil formation — only a few feet — locked within muddy limestone and dolomite more than 2 miles underground, immediately beneath the rich Bakken shale and Three Forks-Sanish formations in North Dakota, said Julie LeFever, a geologist with the state Geological Survey in Grand Forks."

Birdbear ei ole Williston-basinin operaattoreille mikään uusi tuttavuus, mutta horisontaaliporaus muuttaa tuonkin kerroksen tuotantoprofiilin. Birdbear ei taida tarvita frakkeja kuten Bakken.

Husky Announces Successful Exploration Drilling and Land Auction Results Offshore Eastern Canada

"The North Amethyst E-17 well was drilled in the fall of 2008 to delineate the Ben Nevis Avalon Formation (the producing formation at White Rose) and to explore the potential of a second, deeper horizon called the Hibernia Formation. The Hibernia Formation encountered 55 metres (net) of high quality, oil-bearing reservoir containing an estimate of discovered PIIP (Petroleum-Initially-In-Place) of 30 to 85 million barrels (best estimates of 60 million barrels) of light crude oil. Initial studies indicate that these resources could be developed from the recently installed satellite infrastructure at North Amethyst."

Veden syvyys 120 metriä eli jackuppien ulottuvilla, mutta muistaakseni tuolla poraa joku Transoceanin semi. Itä-Kanadan rannikolta ei ole vuosiin tehty juurikaan uusia löytöjä vanhojen White Rose, Terra Nova ja Hebron-kenttien lisäksi.
Huskylla on muutama blokki Grönlannin länsi-rannikolla.

KORJAILTU 24.11.2009

Otsikoituja uutisia

Why Oil Majors Are Coming Back to Iraq

IEA to forecast natural gas glut - FT

Petrobras makes 1Tcf gas find in Peru

Shell Successful in Offshore South African Bid

"The South African Petroleum Authorities today confirmed Royal Dutch Shell as the successful bidder for exploration rights in the Orange Basin deepwater area, off the country's west coast. Shell and the government will now negotiate the details of an exploration contract."

Nye problemer for Røkkes superrigger

"Etter gjentatte forsinkelser og oppstartsproblemer slutter ikke de to nye Aker-riggene Barents og Spitsbergen å skuffe.

- Aker Barents er tynget av havari på enkelte utstyrskomponenter, mens Aker Spitsbergen har blitt ytterligere forsinket grunnet generator-havari, sier konsernsjef Øyvind Eriksen i Aker..."

Frac for all

"Packers Plus opened Saskatchewan's tight oil plays - now Oilweek’s 2009 Supplier of the Year is introducing a new generation of down-hole innovations"

Bonuksena Haywood Securitiesin PetroBakken vs. Crescent Point vertailu (linkki IV:n kautta)

Uutisotsikoita

Barron's: Africa's Fields of Dreams

TGS expands shoot off Liberia

'Taq Taq not paid for exports'

Var hemmelig DNO-konsulent

Eni reports big pay off Venezuela
Vain kaasua. Ja ehkä kondensaattia.

Gas has gained, but it won’t show in results

Siis ainakaan kolmos kvartaalin.

'Gulf will offer $60bn worth of work'

Petrobras eyes lease of Ishibras shipyard

Kovasti näyttää olevan tekeillä brasilialainen versio PDVSAsta.

Bagdad sallii öljyn viennin DNO:n kentältä

WSJ

" The Iraqi federal oil ministry said Sunday it will allow the autonomous Kurdish government in northern Iraq to start exporting crude oil in June to world markets after blocking such shipments for the past two years. The Kurds and the central government, which grants all oil-export licenses, have been at odds since 2007 over Iraq's draft hydrocarbons law and oil contracts that the Kurds signed with foreign companies. Despite those issues being still unresolved, Baghdad -- under increased financial strain because of weak oil prices and falling revenue -- will allow the Kurds to begin exporting 60,000 barrels a day from June 1, oil ministry spokesman Assem Jihad said. "We are agreeing to the exports," he said. The Kurds said Friday they would start exports regardless of the ministry's approval. Mr. Jihad didn't say why Baghdad had reversed itself, but it is likely that the central government's need for more revenue played a part in its decision. The government has slashed its 2009 budget three times because of falling oil prices."

Rahan tarve on mitä ilmeisimmin se tärkein syy viennin sallimiselle ja juuri sen vuoksi olen skeptinen sen suhteen kuinka paljon jos yhtään öljyn vientituloista päätyy ulkomaisille kenttien operaattoreille tai edes kurdeille. Irakin oloja suuremmin tuntematta näen että jollei Kurdistan itsenäisty päätyy kaikki Irakin öljyntuotanto valtion kontrolliin kuten muissakin alueen merkittävissä öljyntuottaja maissa. Kallimpiin ja marginaali projekteihin voidaan ottaa mukaan ulkomaisia kuten on tehty offshore kaasussa mm. Qatarissa, mutta kannattavimmat ja matalan geologisen riskin projektit päätyvät valtion syliin. Kuitenkin lähiviikkoina Irakissa mukana olevien yhtiöiden kursseissa pitäisi olla odotettavissa vieläkin kovaa nostetta ja volaa, jota kannattaa hyödyntää.

DNO:n arvo tai arvottomuus on lähes kokonaan Irak-kortin varassa, mutta Heritagella ja Addaxilla on muita suuren potentiaalin ja pienemmän riskin poliittisen riskin projekteja, joten ne eivät täysin romahda vaikka Irakin bileet lässähtäisivät.

Itselläni on siis positio DNO:ssa, mutta myös Addaxin ja Heritagen osto on harkinnassa.

Virmat:
Addax Petroleum (LSE: AXC, TSX: AXC)

DNO International (OSE: DNO)

Heritage Oil (LSE: HOIL, TSX: HOC)

PÄIVITYS

UPSTREAM: Kurdish deals 'illegal and illegitimate'

"The Iraqi Oil Ministry still considers contracts signed by the largely autonomous Kurdistan Regional Government (KRG) foreign oil companies illegal, despite news this week the ministry would allow exports from Kurdish fields, an official said today."

Vienti alkamassa DNO:n Irakin kentiltä?

Pörssipaussi, tiedote ja parikymmentä prosenttia plussaa.

DNO International:

"Reference is made to a notification on the website of the Kurdistan Regional Government ("KRG") today, announcing commencement of crude oil exports from the Tawke field and the Taq-Taq field from June, 2009.
DNO International ASA has not received any notification from KRG concerning commencement of crude oil exports..."

Vaikka vienti käynnistyisi ei ole takeita että DNO hyötyisi siitä milläänlailla, kun Bagdad pitää Kurdistanin solmimia sopimuksia laittomina ja Kurdistan on ainakin toistaiseksi Bagdadin alaisuudessa. Omistan pienen erän yhtiötä.

News(Oil-Gas-Offshore)

ExxonMobil tastes oil at 'mega prospect'

"US supermajor ExxonMobil has notified Brazilian regulatory authorities that it has detected hydrocarbons on a deep-water pre-salt prospect that is billed as the biggest yet in the emerging Santos basin province."

"Marcio Mello, a respected Brazilan petroleum geologist who worked on the pre-salt concept with Petrobras before setting up his own consultancy, has predicted that Azulao alone will land the BM-S-22 with recoverable reserves of more than 10 billion barrels."

NZ Sees Bright Future with Major Offshore Oil Finds

"Confirmation of large oil fields in the offshore waters of New Zealand could provide a step change in national income for the country, an energy briefing to the new Minister of Energy and Resources Gerry Brownlee says.

The Vote Energy briefing from the Ministry of Economic Development made public by Brownlee, says there are potentially several 1-10 billion barrel oil fields in the Great South Basin alone.
Any discoveries would perhaps allow New Zealand to follow in the economic footsteps of Norway and emerge as a serious source of energy for the world, the briefing says..."

Tullow Makes 17 Discos in '08, Boasts 100% Exploration Success in Africa

"100% exploration success in 2008 in Ghana and Uganda. 17 discoveries from 22 wells in overall drilling program;
In Ghana, Jubilee field appraisal confirms major resource potential of up to 1.8 billion barrels and a most-likely case of up to 1.2 billion barrels"

Lebanon cautions over Israeli gas discovery

"The discovery, which may be the largest ever made by operator Noble Energy, is in the Matan license offshore Israel. The Tamar No. 1 well, in water depths of around 5,500 feet (1,676 m), was drilled to a total depth of 16,076 feet (4,899 m) by Atwood Oceanics semi Atwood Hunter"

Bid for Basra autonomy vote fails

Iraq agrees to connect Kurd fields

Upstream: "Iraq's oil minister and officials from its largely autonomous Kurdistan region agreed today to connect two Kurdish oil fields to the main northern export pipeline to the Turkish port of Ceyhan, the minister said."

As a result Norwegian DNO soars 18% to 4.85 NOK in Oslo.