Gulf Keystone Petroleum Share Discussion Threads

[nufc9] 04/10/2022 20:28

“Oil and gas

Furthermore, the Russian official welcomed the resumption of dialogue between “Baghdad and the autonomous Kurdistan Region that should address their current contradictions, mainly in the oil and gas area.”

Iraq’s Federal Court in February said the Kurdish oil and gas “unconstitutional”, a a claim the Kurdish authorities have strongly rejected, and described as “politically motivated”.

However, the Kurdistan Regional Government (KRG) has repeatedly underlined they are open to dialogue with Baghdad to solve their disputes according to the Iraqi constitution.

“We are convinced that further settlement will help respond to challenges of ethnic and confessional nature and engage the economic potential effectively in the interests of the entire Iraqi nation,” Polyanskiy concluded.”

hxxps://www.kurdistan24.net/en/story/29638-Russia-concerned-over-military-escalation-in-the-Kurdistan-Region

[beernut] 04/10/2022 17:11

Oil Prices Jump As OPEC+ Considers 2 Million Bpd Production Cut

By Julianne Geiger - Oct 04, 2022, 10:45 AM CDT
Anonymous OPEC delegates: OPEC+ may consider 2 million bpd production cuts.
Despite the growing worry of a severe global recession and the impact that would have on oil demand, the OPEC+ group feels that the markets are largely ignoring market fundamentals.
Brent soared to $92 per barrel on the news of a larger-than-expected OPEC+ output cut.
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OPEC+ may be considering an even larger cut than previously reported—at up to 2 million bpd, anonymous delegates told media on Tuesday.

As OPEC+ prepares to meet this Wednesday to discuss its oil production plans for November, it is assessing the state of the oil markets—and the current state of oil prices which began to fall in June near levels that some OPEC+ members could find unacceptable.

Despite the growing worry of a severe global recession and the impact that would have on oil demand, the OPEC+ group feels that the markets are largely ignoring market fundamentals. Nevertheless, OPEC+ is considering a hefty production cut—an even heftier one that it was reportedly considering previously.

[nufc9] 04/10/2022 15:53

Top Oil Traders Expect Unhindered Demand Despite Economic Uncertainty


Top oil traders at the Argus European Crude Conference in Geneva on Tuesday said economic turbulent have yet to significantly take away the demand by global economy for oil.

The world’s main commodity trading houses senior Executives’ projection may support the situation for more resilient oil prices that was plunged due to the effect of recession which led to drop of about a quarter in the last three months close to $90 per barrel.

“All the different factors suggest, yes, we may be heading into a slowdown but it will be shorter and shallower than people are expecting,” Trafigura’s chief economist Saad Rahim stated.

“Oil demand … if you look at the latest data, it’s still doing OK. We were expecting some demand destruction, it did not really happen. Some countries had subsidies but still. We have been surprised,” he added.

Laserre added “we expect a visible impact on gas demand as the switch from gas to oil accelerates in Q4 and Q1.

“Brent crude ought to stay above $75 a barrel at the end of next year”, Rahim and Lasserre said.

[jack ladd] 04/10/2022 15:53

Brent Crude @ 91.5

[tom111] 04/10/2022 15:51

News breaking Bloomberg OPEC considering 2M drop in production

[nufc9] 04/10/2022 15:49

Oil spiking

[giant_canine] 04/10/2022 14:05

Chinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones Newswires

Experts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.

Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.

The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.

The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).

The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."

The report also appears to question a threshold used in a previous assessment of reserves at Shaikan to determine the level of rock porosity at which oil recovery would be viable, saying it is too high.

A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.

The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.

In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.

In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.

And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.

[nestoframpers] 04/10/2022 13:54

LTHs know what I mean they also know that my last post will not achieve anything as new posters will keep coming and asking the same old questions.

People have no idea how many 661718 is .

XOM hurry along and put us out our misery . Please.

[ozzmosiz] 04/10/2022 13:52

Brent crude back in the 90s

[giant_canine] 04/10/2022 13:46

Chinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones Newswires

Experts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.

Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.

The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.

The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).

The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."

The report also appears to question a threshold used in a previous assessment of reserves at Shaikan to determine the level of rock porosity at which oil recovery would be viable, saying it is too high.

A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.

The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.

In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.

In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.

And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.

Meanwhile, Gulf Keystone said this week that it received a $21.2 million net monthly payment for oil from the Kurdistan Regional Government in September.

[bigdog5] 04/10/2022 13:42

Hey Mr Hills, with the recent announcements from the hosts/others mentioning the amounts of proven barrels of oil there are in Koruptistan "way less than 3b" doesn't that support my view of the samimack report being a pile of BS?

Care to comment?

[giant_canine] 04/10/2022 13:36

Chinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones Newswires

Experts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.

Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.

The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.

The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).

The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."

The report also appears to question a threshold used in a previous assessment of reserves at Shaikan to determine the level of rock porosity at which oil recovery would be viable, saying it is too high.

A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.

The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.

In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.

In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.

And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.

Meanwhile, Gulf Keystone said this week that it received a $21.2 million net monthly payment for oil from the Kurdistan Regional Government in September.

[bigdog5] 04/10/2022 13:36

Mr Carroll over the past nine years of ramping your brand of BS have you managed to get anything correct?

[bigdog5] 04/10/2022 13:34

Mr Carroll, by continually posting up an article of almost six years ago and what is believed to be a hoax invented by a desperate investor is of any help?

[giant_canine] 04/10/2022 13:31

Ynakee condog putting a serious shift clearly.

[bigdog5] 04/10/2022 13:31

Mr Carroll, do you believe your nine-year campaign of BS trying to CON the unsuspecting has been a success?