Gulf Keystone Petroleum Share Discussion Threads

[beernut] 29/9/2021 14:44

Oil price to gain on Asian fuel switching from LNG
Asian power demand is switching away from LNG and into oil burning, Rystad Energy has said, driven by high prices.
By Ed Reed
28/09/2021, 3:16 pm
Photo of Ed Reed
© Photographer: Tomohiro Ohsumi/BlMetal pipes coming from all angles
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Asian power demand is switching away from LNG and into oil burning, Rystad Energy has said, driven by high prices.

Europe has little ability to burn crude for power, given operational restrictions and carbon regulations.

Asia, though, has more flexibility.

Should the gap between LNG and oil prices continue, it will increase oil consumption in Asia by 400,000 barrels per day over the next six months, Rystad said.

[shortsqueezer] 29/9/2021 14:42

That surely will be what's making the difference :-)

[officerdigby] 29/9/2021 14:41

It gone downhill cose if Bigdog! And Paul's on tea break

[shortsqueezer] 29/9/2021 14:30

Sudden jump there ... which is nice :-)

[hydrocarbon1] 29/9/2021 14:00

nor, these things don't happen over night or even a year or 2.

2. Apprentice on a land rig for experience
Some people in offshore drilling will tell you to try and make the leap to water right away. While this is certainly possible, it’s harder without connections. Roustabouts don’t need any prior experience to get the job at an offshore rig, but don’t kid yourself — previous experience always helps get you a foot in the door.

Apprenticing at a land rig for a year or two, where jobs are easier to find, is a great way to separate yourself from the pack. The demand for offshore drilling jobs is very high, so don’t think you’ll be able to start without significant effort and relationship-building.

3. Sign on as a roustabout
If you’re lucky enough to skip directly from step 1 to step 3, be ready for a hard road ahead. While roustabouts don’t need any formal training or even experience in the drilling business to apply, prior experience does help toughen you up to the realities of living for weeks on end on a dirty, dangerous rig with little variety and endless water all around you.
Roustabouts are typical apprentices — they’re expected to paint the deck, haul heavy equipment, and muck around cleaning up stuff that no one else wants to. That’s the hard truth.

But if you can handle all that, your salary may very well start at $50,000. Keep in mind, this is $50,000 for working roughly half as many hours as most Americans do, which makes your “real” hourly pay somewhere in the $100,000/year range if you were to work a full-time job.

4. Get promoted to roughneck
While surviving as a roustabout, learn not to complain. Not to be nuisance. Learn to learn, and to do your job well. Even though you’re just an entry-level apprentice, rig managers and other managers down the line will know if you’re up to snuff — after all, you’ll all be spending a lot of time together. First impressions matter more in the offshore drilling world than they do in other, more flexible businesses.

Assuming you do your job well, have your head screwed on right, and make a good impression, it’s not too hard to get yourself promoted to roughneck within a year, and sometimes in even less time if you’re especially promising.

Roughnecks are expected to still do hard manual labor, but they’re more involved with the actual drilling process. They help lay down pipe, work with various drilling tools, and insert and extract drills. At this point, you’re technically already an offshore driller!

5. Work your way up to pumpman, then derrickman
Another year or two as a roughneck, and you can become a pumpman, also known as an assistant derrickman. Again, we cannot stress how important the right attitude and commitment to learning can be for your career. You don’t need to be the sharpest tool in the shed, but you need to be committed and willing to work even in the harshest weather. A good attitude will take you very far.

Assistant derrickmen have more responsibility than roughnecks, and full derrickman are just one step below assistant drillers. Derrickmen work in a more managerial role, which means that you’ll be helping drillers direct the flow of work.

6. Secure an assistant driller position
After you become a derrickman, assistant driller is the next stop. At this point, 5-10 years may have passed, you’ll be making around $80,000/year (you still have half the year off, more time for hunting), and you’ll be directly supervising roughnecks, pumpmen, and derrickman. You’re the rig manager’s right hand man, and help him oversee all the daily operations of the drill. This is no small task, which is why only the brightest and most dutiful apprentices can become drillers.
hxxps://www.keystoneenergytools.com/becoming-an-offshore-driller/

I realize gkp onshore but timing similar

So at least 10 years before Kurd trainees make any real impact.

[nestoframpers] 29/9/2021 13:48

So much for GKPs efforts at getting the locals trained up. They must be giving them jobs sharpening pencils.

[nestoframpers] 29/9/2021 13:44

Last bit in this link

Iraq is mainly dependent on oil for its economy. In the first six months of 2021, the country pocketed 33 billion dollars from oil exports.

The country holds one of the world’s largest amount of oil reserves. However, the majority of the people working in the country’s oil industry consist of foreigners.

The Kurdistan Region’s ministry of natural resources recently started working on training local graduates to be able to take part in the industry in the future.

“That is one of my biggest goals and, as long as I live, it will remain - to have Kurds control the oil and gas industry of Kurdistan. Unfortunately after 15 years, we have nothing….We have put fresh graduates into the process with foreign experts,” Kurdistan Region Minister of Natural Resources Kamal Atroshi told Rudaw in August.

[supergiantshaikan] 29/9/2021 12:14

HTTPS://twitter.com/OilGasTracker/status/1441028705594355721?s=19

[supergiantshaikan] 29/9/2021 12:13

HTTPS://twitter.com/GoodnightCharl1/status/1442057203712761856?t=ZEdtREKE2o8qBLhVjCJu4Q&s=19

[pensioner2] 29/9/2021 12:09

Yes, Muttley. I'm aware of Sbb's agenda. He didn't post API figures which show a 4.127m build against a forecast draw of over 2m but, instead, decided to trade the build. I suspect he might have misread the effect on GKP but that's his business. The market looks to anticipate an EIA draw as Brent is back at $78.9. PM will show.

[nestoframpers] 29/9/2021 11:55

Lol , poor BD you will be causing him to foam at the mouth Nufc9 PMSL.

[nufc9] 29/9/2021 11:39

I see Bigdog has mentioned my name again.... obsessed or what!

Well, as promised... that's another £1k's worth of shares being bought... cheers bigdog.

Watch out for my trade:

29/09/21 11:38
Gulf Keystone Petroleum Limited
+ 507
195.244
£989.89
£8.00
-
-£997.89

[bigdog5] 29/9/2021 11:34

Pensioner he did turn up out of nowhere and then disappears when the share price falls. He only bangs on about it when the share price is climbing and its clear he has no clue as to the history here.

The share price should have taken a sizeable fall when going ex div however the oil price surge and various articles bigging up the oil price came to its assistance. Helped the company out of a problem imho as S13 looks to have gone tapioca and they will hope for a decent result from S14 to try and "camoflauge" any failure from S13 for you suckers. If S13 has failed and delayed news is usually the warning their 55k a day is off the table for some time I suggest. Gonna need S15 at the relatively better end of the shrinking field?

[officerdigby] 29/9/2021 11:21

It was a suspicious switch around in the trading pattern intraday.Co-incident with drop in oil.No obvious big selling or the like No RNS this morning. No idea as to why!

[pensioner2] 29/9/2021 11:10

Greed, Muttley. But I'll grant you Sbb will have traded the sh*t out of this movement.

[satkaur1973] 29/9/2021 10:51

jkx oil and gas looks undervalued with gas prices rising a lot.
do your own research.

[hydrocarbon1] 29/9/2021 10:44

lifeson - for sure.

[supergiantshaikan] 29/9/2021 10:41

Sold before Christmas. :)AT HUGE PREMIUMWell BEFORE CHRISTMASDon't be mugged out my broker knockers operating 24/7 here and at LSE.

[supergiantshaikan] 29/9/2021 10:41

HTTPS://twitter.com/OilGasTracker/status/1441028705594355721?s=19

[supergiantshaikan] 29/9/2021 10:40

HTTPS://twitter.com/GoodnightCharl1/status/1442057203712761856?t=ZEdtREKE2o8qBLhVjCJu4Q&s=19

[supergiantshaikan] 29/9/2021 10:24

HTTPS://twitter.com/GoodnightCharl1/status/1442057203712761856?t=ZEdtREKE2o8qBLhVjCJu4Q&s=19

[supergiantshaikan] 29/9/2021 10:24

HTTPS://twitter.com/GoodnightCharl1/status/1442057203712761856?t=ZEdtREKE2o8qBLhVjCJu4Q&s=19

[supergiantshaikan] 29/9/2021 10:23

Sold before Christmas. :)AT HUGE PREMIUMWell BEFORE CHRISTMASDon't be mugged out my broker knockers operating 24/7 here and at LSE.