Showing posts with label UTS Energy. Show all posts
Showing posts with label UTS Energy. Show all posts

Monday, November 2, 2009

Jackup dr:t rajussa laskussa- lautta palot rajussa nousussa & muita uutisia

DN: Hell i uhell for Seadrill
"Hvis man ser bort fra selve ulykken og dens konsekvenser og kun ser på det økonomiske i dette, Seadrill mister en rigg og får opptil 200 millioner dollar i forsikringsoppgjør."

"Det er lite sannsynlig at Seadrill har noe ansvar for selve lekkasjen eller brannen, de hjelper bare til, sier Løvstad."


Upstream: Montara blaze 'out of control'

Upstream: Enoc in takeover bid for Dragon

Tätä on odotettu jo jonkin aikaa. Muutama kolikko näyttäisi irtoavan tästä. ENOCin CFO on muuten Nesteen ex-CFO Petri Pentti.

Upstream: UTS sheds oil sands stake in $231m deal

Upstrean: Saudi downplays dollar role

Aikovat mitä ilmeisimmin luopua dollarista kuten muutama viikko sitten uutisointiin.

HC: Louisiana shale could change fate of U.S. energy supply

Rigzone:
Big Oil Faces Headwinds in 4Q Return to Profit


OilVoice: OMV Has First Exploration Success As Operator on the UK Atlantic Margin
Veden syvyys reilu 3000 jalkaa, vielä ei tietoa on löytö kaupallinen.

Wednesday, January 28, 2009

Total heads for the Hills

As it bids for UTS Energy, which has a 20% stake in the Fort Hills tar sand project.

also

Total said it may delay start-up of its Joslyn oil sands project in Canada

Total's move for UTS is interesting as the costs of the Fort Hills project have been sky rocketing and the break-even level for the synthetic crude oil or bitumen to be produced is estimated to be between 45 and 100 dollars per barrel. The only advantage that the tar sands have in the current economic and political environment is their location on soil where property rights are respected. It seems that this single advantage outweighs the large number of disadvantages associated with tar sands(high costs, low yielding products, significant environmental impact etc.).