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TROVE News (by 1st Subsurface)
United Kingdom
Приєднався 25 лют 2018
1st Subsurface brings you TROVE News and TROVE Databases.
TROVE News UA-cam Channel
The biggest and the best oil and gas stories from across the world.
TROVE Databases
Our UA-cam channel is made possible by the enormous amount of data collated and maintained in TROVE databases.
TROVE Oil & Gas databases cover fields, discoveries and prospects globally. We cover every offshore basin worldwide and the majority of world hydrocarbon reserves.
Save endless hours searching the internet - TROVE has organised mountains of data for you, so you find it with the click of a button. TROVE databases are available to paid subscribers.
TROVE Renewables
Covering Carbon Capture & Storage (CCS), Offshore Wind, Geothermal, Hydrogen, Wave & Tidal, Non-Hydrocarbon Gasses and Gas Storage. Visit our TROVE Renewables website: www.troverenewables.com/
Arrange a demo today at info@1stsom.com or visit our website www.1stsom.com
TROVE News UA-cam Channel
The biggest and the best oil and gas stories from across the world.
TROVE Databases
Our UA-cam channel is made possible by the enormous amount of data collated and maintained in TROVE databases.
TROVE Oil & Gas databases cover fields, discoveries and prospects globally. We cover every offshore basin worldwide and the majority of world hydrocarbon reserves.
Save endless hours searching the internet - TROVE has organised mountains of data for you, so you find it with the click of a button. TROVE databases are available to paid subscribers.
TROVE Renewables
Covering Carbon Capture & Storage (CCS), Offshore Wind, Geothermal, Hydrogen, Wave & Tidal, Non-Hydrocarbon Gasses and Gas Storage. Visit our TROVE Renewables website: www.troverenewables.com/
Arrange a demo today at info@1stsom.com or visit our website www.1stsom.com
Is Namibia's Oil & Gas story over? - the Shell $400million writedown
Industry media are in uproar! For years now new stories on successes offshore Namibia have filled the press yet recent news is that Shell have a $400million writedown. Much speculation abounds but nothing officially released.
We give a summary of some of the views out there and encourage the industry and Namibians not to panic! This is highly unlikely to mark the end of Namibia's oil and gas story so lets just wait and see what is officially announced in due course.
More wells are planed - such as Rhino Resources/Azule Energy and Chevron. And further studies and prospects under examination - WoodsidePan Continental and BW Energy exploring near the Kudu gas discovery.
View our Namibia playlist to understand the story so far: ua-cam.com/play/PLl8NTf4WgS2zOQCL1f_DGPt9aUIReO0bJ.html
All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region.
Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a demo: info@1stsom.com - www.1stsom.com
All images used in the video are open source. References are provided on-screen and can be found within TROVE.
We give a summary of some of the views out there and encourage the industry and Namibians not to panic! This is highly unlikely to mark the end of Namibia's oil and gas story so lets just wait and see what is officially announced in due course.
More wells are planed - such as Rhino Resources/Azule Energy and Chevron. And further studies and prospects under examination - WoodsidePan Continental and BW Energy exploring near the Kudu gas discovery.
View our Namibia playlist to understand the story so far: ua-cam.com/play/PLl8NTf4WgS2zOQCL1f_DGPt9aUIReO0bJ.html
All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region.
Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a demo: info@1stsom.com - www.1stsom.com
All images used in the video are open source. References are provided on-screen and can be found within TROVE.
Переглядів: 947
Відео
Is the Antarctic about to be ruined forever?
Переглядів 3339 годин тому
A news article was published in May 2024 stating Russian company Rosgeo has uncovered oil and gas reserves in British Antarctic territory of 511 billion barrels. If you search with AI tools or conduct internet searches this still comes up as the headline news. But using an exact number, 511 billion barrels, when there hasn't been a single well drilling nor a conventional discovery made is erron...
2024 China Oil & Gas update!
Переглядів 70316 годин тому
We give an update on some of Chinas significant Oil & Gas activity in 2024. News includes significant discoveries and large fields coming on stream in multiple offshore and onshore basins making 2024 a busy year for China and 2025 is set to be even greater similar! 2025 is looking like an exceptionanlly busy year for China's oil & gas activity. We hope to be covering progress in future videos. ...
South Atlantic's Western Margin Activity Review. Frontier exploration hot spot.
Переглядів 400Місяць тому
We give an update on some of the news for Latin America South - Offshore Uruguay, Argentina and the Falkland Islands/Malvinas Islands. All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region. Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a demo: info@1stsom.com - www.1stsom.c...
Namibia & Guyana Oil Bonanza Continues
Переглядів 1,9 тис.Місяць тому
Namibia and Guyana / Suriname have been having extraordinary oil and gas developments. We give an update on the latest news, e.g. Tamboti-1 in Namibia and GranMorgu in Suriname, and discuss what led to the success of these regions and where might be the next exploration hot spot! Plenty of frontier basins exist with activity planned for Uruguay, Argentina, under-explored parts of Brazils margin...
Offshore Drilling Activity at an all time low
Переглядів 306Місяць тому
It's not a great outlook for the UK Oil & Gas sector. Mike and Colin talk about the trajectory for the industry and some of the challenges. All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region. Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a demo: info@1stsom.com - www.1st...
Gas discoveries that don't burn??
Переглядів 388Місяць тому
Colin Percival and Mike Cooper discuss some cases where a successful gas discovery is not as successful as it originally appeared... As Colin says, always take a sample! All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region. Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a d...
FRACKING is KING
Переглядів 370Місяць тому
The demise of the US shale fracking success is exaggerated. Colin Percival and Mike Cooper discuss some of the recent performance from data supplied by the excellent Novi Labs (novilabs.com/). The efficiency gains in horizontal fracking of shales has been extraordinary. The Permian Basin continues to dominate but elsewhere in the US other shale plays are benefiting from the technology learnings...
A whirlwind tour of UK North Sea oil and gas history! - a GESGB 60th Anniversary special
Переглядів 5612 місяці тому
Mike and Colin were guest speakers at the Geoscience Energy Society of Great Britain (GESGB) 60th Diamond Anniversary celebration on 10th October 2024. Here is a rerecording of that same talk for the TROVE News UA-cam channel. They share stories from their own experience in the industry during the booming exploration years and the decline in exploration activity to the present day. All of the i...
PERMEABILITY is KING
Переглядів 3992 місяці тому
Hydrocarbons are reservoired in rocks which have porosity and permeability. Porosity is a measure of the spaces between the rock grains and permeability measures the rate of flow (and connectivity) between the pore spaces. Colin Percival and Mike Cooper discuss... All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this regio...
Ten countries DOMINATE global oil production!
Переглядів 4642 місяці тому
USA, Russia and Saudi Arabia account for over a third of global oil production. OPEC has a dominant position. At $80 a barrel countries producing three-million barrel per day are making $240million revenue per day!! That equates too $87.7 billion per year!!!! We’ve chosen three million but nine of the countries we discuss produce more than this! US heavy industries benefit from having cheap ene...
UK Government Criminal Negligence?
Переглядів 1972 місяці тому
Windfall tax when there are no windfall conditions, the UK industry about to be terminated by a misguided government policy, balance of payments to be adversely affected and increased global carbon footprint. Yes, INCREASED carbon footprint - simply exporting the problem to other countries does not make the UK compliant on its net zero targets and ambitions. Given all the above, one viewer was ...
The western world has LOST CONTROL of global oil reserves?
Переглядів 6512 місяці тому
In Episode 10 of the mini-series, Mike Cooper and Colin Percival discuss the major oil companies (e.g. BP, ExxonMobil, ENI and Shell) and how they compare to the NOCs (National Oil Companies) like Saudi Aramco. All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region. Get in touch today to find out more about our TROVE...
King Charles is making a mint! Wind farms are making huge revenues for the Crown and the Exchequer.
Переглядів 1922 місяці тому
No.9 in the series by Mike Cooper and Colin Percival discuss how the Crown Estate and pKing Charles are making a huge amount of money from offshore wind farms. All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region. Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a demo: info@...
UK Turbines TUGGED to NORWAY?? - Mike Cooper & Colin Percival Series: 08
Переглядів 5423 місяці тому
Mike Cooper and Colin Percival comment on recent news of Hywind Floating Wind turbines being repaired in Norway, and "tugged" across the North Sea, despite being visible from the UK shore. Offshore wind may be zero emission at point of generation but not the greenest maintenance... or construction... or decommissioning! All of the information in this video can be found in TROVE databases. TROVE...
The end of Brent oil in Brent crude - Mike Cooper & Colin Percival Series: 07
Переглядів 4863 місяці тому
The end of Brent oil in Brent crude - Mike Cooper & Colin Percival Series: 07
Activity update for GUYANA, SURINAME, BRAZIL and TRINIDAD & TOBAGO - oil and gas - mid 2024
Переглядів 5 тис.3 місяці тому
Activity update for GUYANA, SURINAME, BRAZIL and TRINIDAD & TOBAGO - oil and gas - mid 2024
The UK General Election Results - Mike Cooper & Colin Percival Series: 06
Переглядів 1543 місяці тому
The UK General Election Results - Mike Cooper & Colin Percival Series: 06
Norway's BOOMING oil and gas industry - Norway prospers while UK stagnates
Переглядів 1,4 тис.3 місяці тому
Norway's BOOMING oil and gas industry - Norway prospers while UK stagnates
Namibia & South Africa Update Q2 2024
Переглядів 2,4 тис.4 місяці тому
Namibia & South Africa Update Q2 2024
Should the UK allow Rosebank and Cambo? - Mike Cooper & Colin Percival Series: 05
Переглядів 4294 місяці тому
Should the UK allow Rosebank and Cambo? - Mike Cooper & Colin Percival Series: 05
NW Africa Blowing Hot & Cold - Oil & Gas Exploration & Production Update 1H 2024
Переглядів 7584 місяці тому
NW Africa Blowing Hot & Cold - Oil & Gas Exploration & Production Update 1H 2024
An entirely new play you probably haven't thought of - Denmark's Halfdan oilfield
Переглядів 1,1 тис.4 місяці тому
An entirely new play you probably haven't thought of - Denmark's Halfdan oilfield
Windfall Tax Consequences - Mike Cooper & Colin Percival Series: 04
Переглядів 2704 місяці тому
Windfall Tax Consequences - Mike Cooper & Colin Percival Series: 04
The UK energy crisis looms large - Mike Cooper & Colin Percival Series: 03
Переглядів 3854 місяці тому
The UK energy crisis looms large - Mike Cooper & Colin Percival Series: 03
Imports are NOT the Answer! - Mike Cooper and Colin Percival Mini Series: 02
Переглядів 6334 місяці тому
Imports are NOT the Answer! - Mike Cooper and Colin Percival Mini Series: 02
Mike Cooper and Colin Percival Shorts 01 - Extended Reach Drilling
Переглядів 2234 місяці тому
Mike Cooper and Colin Percival Shorts 01 - Extended Reach Drilling
Anomalous pressures could lead to blowouts. The dangers of wildcat drilling.
Переглядів 3144 місяці тому
Anomalous pressures could lead to blowouts. The dangers of wildcat drilling.
New country growth opportunities using TROVE
Переглядів 7655 місяців тому
New country growth opportunities using TROVE
A single oilfield capable of producing more oil than the entire UK - and you've never heard of it!
Переглядів 1,4 тис.5 місяців тому
A single oilfield capable of producing more oil than the entire UK - and you've never heard of it!
The paper discussed about the fibrous illites blocking pore throats was by Nadia Pallet and the technique is called "Critical Point Drying". Thanks to my good buddy Graham Davis for pointing this out.
Why couldn't anywhere good & biodiverse have been 'preserved' in a natural state for science? Even the last tribes in the most habital amazon & papua new guinea in the 60's had to be 'saved' by the Church into subsistance farming and schooled into fringes of society. The human in a state of nature is natural too. Why do we even need educating on the importance of a 'pristine' place like antarctica? To be a sheet hole, there first has to be excriment there to begin with!
I heard they pump alot of sea water in the oil wells to maintain current production
China's gas is having the "coal shale gas" revolution, and will see 50%~100% increase this year 2025 to close to 0.7BCFPD, and it was already close to 0.5BCFPD in 2024
So China is happily growing its exploration and production while we here in the UK choke the the Goose that lays the Golden Egg with Punitive Taxation. Then as we are still using significant amounts of Oil and Gas during the transition we are importing the oil and gas from far and wide that we could produce ourselves..... Total Madness.
while realists "right wing" are making a comeback in EU and UK, the majority is still "left total madness"
Mr Paul, I agree - it's total madness. Also, there is only one atmosphere!.
Great information thank you so much
Our pleasure. Enjoy the channel in 2025 and beyond
36:20 electrochemical separation oF CO2?
Could you plz do a video on New Startus Energy :) ?
Had a look at the company website and there only seems to be high level amalgamated data from acquisitions in Venezuela & Mexico. Little subsurface detail so no story to tell our subsurface technical audience. If you have data which would be of interest (open source data that is!) we will look again.
Ooooh, NOW i know why USrael wants to take over Iran ! 😮😮😮😮
Great Video This material is a good reference to look for some more models based on platform generations. My master's study addresses the topic of converting platforms in the final phase of operation, or already decommissioned, into floating naval bases.
Export potential 1.What is vision of this political party for the following areas? 2.When will you write the vision so all can listen, read and run with it? 3. When will you write to vision for the emerging Generation to see . So They wouldn't have to reinvent the wheel. 1. Crude oil refinery potential? Foreign exchange potential? 2. Natural Gas plant & storage capacity for peak season to Sell and notional self sufficiency storage. 3. LNG production plant large storage and export capacity . 4. Benzene stoage plant and storage capacity. 5. Gasoline plant and storage. 6. Diesel plant storage capacity facility. 7. Kerosene storage capacity and export potential. 8. methanol plant and storage capacity. 9. Ammonia plant storage capacity and export capacity. 10. Aluminum Refinery and export capacity and potential inferstucture. 11. Gold Refinery potential, export capacity potential. 12. Iron Refinery. 13. Copper Refinery. 14. ammonia 15. fertilizers plant and storage capacity and export capacity 16. Ammonia plant.and storage capacity. 17. Sugar refinery 18. Wheat refinery 19.
Azerbaijan 🇦🇿🇦🇿🇦🇿
yeah, the USA put the development on hold. as if thosr countries are theirs. and the weak spineless piliticians in those countries have to bow and say, yes massa.
Any update on this?
YOU did not talk much about Guyana S,A.oil resources which is one of the best fine for 2024 and counting over 650,000
To the UK researchers and billionaire investors... Keep your hands OFF Uruguay!! The world does not belong to you REGARDLESS what your "Royal Highnesses" profess!
Ta the succinct update. Has anyone ever explored the Permian-Carboniferous Parana-Etendeka Basin, offshore of either South America or in the Northern Walvis Basin? All the best from Namibia.
Where are they located
any hope left?
Love the videos! Currently studying IPG at aberdeen and finding this channel an excellent resource for getting up to date on UK and global industry happenings. I will be recommending the channel to the class
This Will only result in more corruption, environmental disasters and more oligarchs in those countries. Perhaps Namibia could fare better, but Guyana IS shafted if you look at history.
Hello, don’t know if you still monitor comments here. I just watched an Exxon video on the LNG process. A comment stood out to me and then I found your video. The comment said that as natural gas is brought to the surface some facilities are able to treat/process that impure natural gas on site. Are there rigs that you know of that actually process/remove hydrocarbons on site? Any info would be greatly appreciated.
Great summary, but partially difficult to understand, even at maximum volume.
Sorry about that. We have had some technical issues with a major revamp underway at the TROVE studio. We will ensure we turn up the volume in future videos!
Not my area of expertise, this is a genuine question - are the remaining reserves too low to justify the upfront development costs ? Even if you set politics aside ?
Selene was a discovery
You're obviously clueless on how oil exploration works
Geez, you guys are the best, but maybe next time you do something on US fracking you could go a bit deeper (no pun). We invest and follow the major "pure" frack'ers (EOG, Devon etc.) and I can tell you it's been a bumpy ride ( Review Devon's journey from $77 to $38 a share). As an example, we called the Bakken peak at 1.5 M b/d as it's been struggling to stay at 1.3 M b/d for the last few years regardless of the longer laterals and a fairly constant rig count (Eagle Ford is right there with the Bakken). I mean, how about a discussion on the "Red Queen effect" in the shale patch: all the players are running to stand still! Even the mighty Permian with its 270+ rigs flying around struggled to add 14 b/d (yeah, that's fourteen barrels) to its production this month ( legacy wells lost 426000 b/d). Also, the wells are getting gassier; NGL's are coming out of the woodwork in place of crude (the Company's in their investor presentations keep touting boe to try and make everyone feel good - until the community realizes the low price one gets for NGL's vs crude). And don't forget the low EROEI of shale; the end of tier 1 inventory; the NatGas egress problems and the light crude capacity refining problem! There is more to chew on here guys, let's do this thing and help your followers really understand what is under the shale hood.
Anyone who thinks shale is low EROEI is instantly discredited. Maybe instead of "following shale players" you should still a few shale wells to get an idea of what's actually happening
@@timthetiny7538 Oh thanks; what EROEI do you get for shale, say, vs. conventional onshore? I'd appreciated your input.
@mwgilmore9953 shale gas probably 30 or 50 to 1. Oil is variable but it takes about 300,000 gallons of diesel to drill and frac a 2 miles wolfcamp lateral. On a 750 MBO type curve, you're running something like 25 million gallons of liquid fuel (diesel and gasoline), 8 or 9 million barrels of natural gas liquids and a couple billion cubic feet of dry gas for electricity.
8 or 9 million gallons of ngl. Not barrel*
@@timthetiny7538 thanks for the detail, but we add all the inputs when we do our financial analysis of EROEI: Frac sand processing and shipments (10,000 tons per frac; 110 tons per rail car; 24 tons per truck); 3 to 5 million gallons of Water for the initial frac (20k truck capacity); millions of gallons of water to process and dispose of from flowback and production. These inputs highlight the extraordinary effort required to bring fracked oil to the market compared to conventional "Beverly Hillbillies" oil, which is all I was trying to highlight in my first post.
The first oil pump azerbaijan
Seismic basting companies have been telling rock lobster fishermen there NO impact on lobsters . Thats BS BIG LIES
We have discussed the provisions seismic companies go to, to minimise the environmental impact on species like lobster. Ultimately there will be some impact - but I expect this is minimal and of short duration. The impact is surely almost zero when compared to the fishing industry which must remove millions of lobsters every year. Bear in mind near shore/coastal waters are rarely, if ever, surveyed by seismic vessels. The principal reason is the water depth is too shallow for the towed steamers.
@ well that’s obvious years later rock lobster fisherman had big qouta cuts because Seismic impact companies being lying to fisherman iv had 5’5 ton taken off my qouta in the early 2000s Today to buy that would cost me 4 million 😡how iv got to lease quota
I asked Victoria Fisheries at a fishing meeting. Did Seismic blasting have an impact on our lobster industry and they did NOT answer the question? So I said you get handouts rock lobster fisherman get quota takenoff us 😡
Absoluetly NO mention of the Denver-Julesburg (Niobrara) Basin, ALL due to the extreme ANTI-oil and gas exploration agenda of the current Colorado state and local governments, as well as the nonsensical LIES and misinformation spread by the MEDIA, and anti-fraccing groups about the 'dangers' of drilling and fraccing. (These groups are especially prevailant along the I-25 corridor north of Denver. And what has happened to the once mighty Eagleford, or, for that matter the Barnett shales? Have the horizontal wells in the Eagleford depleted as rapidly as did the earlier, and much shorter "reach' horizontal wells that were drilled into the Austin Chalk? And, from what I have been told, due to the opposition of the urban "cidiots" in the main producing area of the Barnett shale, along with, what I had been told of those wells to "drown out" with the production of brine, exploration in the Barnett Shale is basically a thing of the past.
I once looked at the DJ basin and loved the successful drilling results - this was a short, overview video - we didn't have time to go into much detail - one for the future I expect.
When Trump’s US is going to “drill baby drill’ the UK should just do what makes economic sense
If the fiscal environment is right, the miracle which has been the turnaround & huge increase in the US production profile results. It has done wonders for the security of supply and the balance of payments. It has made the US economy strong. None of these attributes apply to the UK sadly.
We shall watch with interest to see what the new administration does with the O&G industry. Having a local supply of cheap energy certainly helps industry to be competitive on a global stage. European energy prices are much higher, making products from this region expensive and unable to compete.
There is no fiscal policy in the US. We have the only private mineral rights on earth.
There are federal lands and private ownership of underground resources. There is no greater way to get locals onboard with development plans than to include them a cut of the operation. This isn't possible in much of the rest of the world but there have been schemes to build hospitals, roads, schools, community centres etc.
Well done gents! All the information and personal ‘peeks behind the curtains’ make for compelling viewing.
Many thanks Colin. We enjoyed making this video and delivering our talk.
Mike and Colin, many thanks for some great memories! Foinaven: where exactly is the border? (and I wasn't that happy with a converted Russian icebreaker) WoS gas: the first question was: Do you really think it could be THAT big? Miller: linking up the dots to 16/8-1. Cook: every time you mentioned Fulmar pod/interpod strat trap, somebody was shouting dubious or doubtful. Buzzard: All South Vikings said you need to drill closer to the boundary faults, but the answer was always: nah, no coarse sediment supply on the highs.
Thanks for the observations and comments. I can't comment on all your points but Cook is as far away from "Doubtful & Dubious" aka Derwent & Dauntless as you can get. The former was a huge success.
@@TROVE-1stSubsurface RE: Cook: I agree! What I tried to express is that at the time there was serious conservatism towards the upside volumes in this particular play, after a number of wells had unsuccessfully tested stratigraphic upsides that didn't materialise. So when you suggested that traps could be larger compared to what was the agreed base case, you immediately got reminded of the D&D example.
Hello, thanks for sharing. Could you do a video about the Gulf of Mexico's current production and future?
Hi Josue, Does anyone know where to find the production contribution from just the Gulf of Mexico? We get the total USA production from EIA, but haven't found a source for the breakout by GoM, unconventional etc.
My god, you two are cheerful 🤷🏻♂️ I need some good news for a change 🙂
Gallows humour I'm afraid. The economic situation is dire.
@@TROVE-1stSubsurfaceGallows humour is the glue that keeps our society together 😅 🇬🇧 I’m afraid very soon we going to be singing Always look on bright side of life, covered in soot while turning cogs of Carbon Capture machines 😂
great analogy picture at 00:37, the myth and magic of unconventional fracing is for the tight rock and shale. Main stream believe the even with unconventional fracing the shale and tight rocks could only produce light tight oil with high GOR, but recent results show that medium to high density oil (API below 25deg) with low GOR down to 50scf/bbl could also be efficiently produced, if not even better than light tight oil. ua-cam.com/video/2wwoUOT4rGE/v-deo.html
I guess it's all about deliverability (the rate of producing) which impacts economics. It would be interesting to get data on high density crude in low permeability rocks.
@@TROVE-1stSubsurface the natural permeability in shale and tight rocks are always negligible and can not sustain any meaningful production. The extra "frac"perm are created by water fracing and much larger by orders of magnitude.
It's important to consider the quality of the rock being drilled, rather than just focusing on drilling ahead. thanks for share!!
Thanks Josue. Glad you enjoyed our brief look at permeability.
Permeability truly is king. Just look at Johan sverdrup and its phenomenal economics and recovery factor.
Agreed. Johan Svedrup has been a phenomenal success - discovered quite late in the exploration history of the North Sea basin.
Permian Basin GORs rising rapidly though (as I understand)?
Thanks Mike. Can anyone - can anyone confirm this and explain why (lowered aquifer pressure due to huge offtake, drilling deeper/hotter/gassier plays?). Thanks, Mike
still awaiting updates
Hi Tito, All has gone quiet. If anyone has any information we would gladly post an update.........
wow Geng North is actually close our new capital city, Nusantara, how convenient!
Coincidence?
Iya juga ya 😅
Negligence No. Intentional Stupidity Yes! Incompetence has nothing to do with it, any Stalinist State with any 5 year plan would out perform two tier Starmer's Trotsky based Austerity Economics. It was Clarkson who correctly ID'd the PM as a Trotsky ideologist & devotee that cat is now well out of the bag....
We are now trying to salvage a UK oil & gas industry. But mainly we have turned our attention overseas........
Yes, do it!!
Lol!!
Not only for oil......for COVID too ofcourse!! So much misinformation and lies, while they should have known better!
Politicians! How I wish they were more representative of society - and represented society!!
It's mind boggling why there has not been a class action lawsuit against either this or the previous government by the oil and gas companies operating here.
Sadly there is unlikely to be a lawsuit as Colin stated.
Thanks for another great video, enjoyed the banter 🤗 Is there any (potentially) positive news for UK oil&gas sector at all? I have high hopes for Harbour Energy given the geographical diversification plus Wintershall assets🤔
Yes Vincent - there of lots of potential and growth opportunities outside NW Europe. Sadly, the UK seems to be on a self-destruct, self harm strategy. In today's news Harbour Energy is reported to be up for sale. You would think the government might sit up and take notice when the LARGEST PRODUCER IN THE UK is selling up!! But Mr Milliband, the Energy Secretary is seemingly myopic and misguided. We will end up paying more overseas companies/countries to import our required oil which has a higher associated carbon footprint. A tragedy unfolding as I write....... Utter madness!!
Thanks for the video! Interesting to watch this at the end of 2024. I’ve got a feeling that by transitioning to Net Zero we are going to destroy all remaining industry in the UK. No heavy industry- no carbon emissions, bingo!🤯
A sentiment we share Vincent!
yeah cool. but what about the theft of the Palestinian Gaza Marine Shelf concession that israel stole JUST before they started a Genocide ?
Not the subject of this video.
Oil is running out
Don't agree. As commodities get scarce, the price goes up. This makes many discoveries & exploration targets economic. Now there is the balance of alternative energy sources - coal, gas, nuclear, renewables etc. But there are many uses of oil that will not be replaced in the short to medium term.