Gulf Keystone Petroleum Share Discussion Threads

[supergiantshaikan] 10/10/2021 20:24

Or buy out a small outfit selling sludge. But very profitably.Oil industry needs $500 billion to avoid future supply crises, says Moody’sBy JOSYANA JOSHUA on 10/7/2021(Bloomberg) --Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc.Crude and natural gas drillers chastened by last year’s unprecedented collapse in demand and prices haven’t responded to the recent market rebound as the industry typically does by expanding the search for untapped fields. While international crude and U.S. gas have risen more than 50% and 120% this year, respectively, drilling outlays are only forecast to increase by 8% globally, Moody’s said in a report Thursday.That’s too little to replace what those companies will pump from the ground in 2022, setting the stage for even tighter supply scenarios, Moody’s analysts including Sajjad Alam wrote in the report. Any such squeeze would come atop the current crises afflicting Asian and European economies scrambling to shore up fuel stockpiles as winter approaches and prices seemingly break records on an almost-daily basis.“The industry will need to spend significantly more, especially if oil and gas demand keeps climbing beyond pre-pandemic levels through 2025,â€? the Moody’s analysts wrote.Oil and gas companies are expected to spend $352 billion on drilling and related activities this year, Moody’s said, citing estimates from the International Energy Agency. If they raised to to the credit-rating firm’s recommended $542 billion, that would be the highest worldwide since 2015.

[bigdog5] 10/10/2021 20:24

You know this do you?

"What we do know is that the well underwent a normal testing regime which showed that flow was enough to justify the considerable expense of completing it and fitting it with an ESP, and we also know that so far an RNS has not been released confirming that it's in production and what the flow rate is".

[beernut] 10/10/2021 20:20

Or buy out a small outfit selling sludge. But very profitably.

Oil industry needs $500 billion to avoid future supply crises, says Moody’s
By JOSYANA JOSHUA on 10/7/2021

(Bloomberg) --Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc.

Crude and natural gas drillers chastened by last year’s unprecedented collapse in demand and prices haven’t responded to the recent market rebound as the industry typically does by expanding the search for untapped fields. While international crude and U.S. gas have risen more than 50% and 120% this year, respectively, drilling outlays are only forecast to increase by 8% globally, Moody’s said in a report Thursday.

That’s too little to replace what those companies will pump from the ground in 2022, setting the stage for even tighter supply scenarios, Moody’s analysts including Sajjad Alam wrote in the report. Any such squeeze would come atop the current crises afflicting Asian and European economies scrambling to shore up fuel stockpiles as winter approaches and prices seemingly break records on an almost-daily basis.

“The industry will need to spend significantly more, especially if oil and gas demand keeps climbing beyond pre-pandemic levels through 2025,” the Moody’s analysts wrote.

Oil and gas companies are expected to spend $352 billion on drilling and related activities this year, Moody’s said, citing estimates from the International Energy Agency. If they raised to to the credit-rating firm’s recommended $542 billion, that would be the highest worldwide since 2015.

[bigdog5] 10/10/2021 20:08

Have the company stated they have fitted the ESP to S13?

Have the company stated:-

"What we do know is that the well underwent a normal testing regime which showed that flow was enough to justify the considerable expense of completing it and fitting it with an ESP, and we also know that so far an RNS has not been released confirming that it's in production and what the flow rate is".

[supergiantshaikan] 10/10/2021 15:51

HTTPS://twitter.com/AlaliQasem/status/1446841406795010055?t=-0WKwqY9mybSh1Na0_fYiw&s=19

[hydrocarbon1] 10/10/2021 15:44

Nufc9 9 Oct '21 - 17:08 - 642276 of 642303
0 17 1
"SH-13 expected to come onstream imminently;"

GKP made no mention of issuing "news", so stop lying by saying it is 5/6 weeks overdue.

All we know is that for whatever reason it so far hasn't been RNSed.

Even Broadford said you don't complete a well and fit an ESP if that well flows little to no oil.

Broadford - "You wouldn't fit an ESP to a well / string that didn't indicate it would be worth it."

What we do know is that the well underwent a normal testing regime which showed that flow was enough to justify the considerable expense of completing it and fitting it with an ESP, and we also know that so far an RNS has not been released confirming that it's in production and what the flow rate is.

So instead of trying to create scenarios in your head, and lying by saying news is 5/6 weeks overdue. Why don’t you just sit back and wait for the next update.

[bigdog5] 10/10/2021 14:55

"P16 of the DGA 2010 report gives total depth of SH1 as 2950"

LOL.

Keep the fantasy coming:-)

[bigdog5] 10/10/2021 14:45

Keep posting up your fantasies oh clueless morons they're real funny.

Btw what happened to the mega pipelines that were going to be built? What about the dedicated 500k a day heavy one, lol.

Do have a look at nestofBS pretty pictures and then ask yourselves why its taken 6 years to increase production from 41k six years ago to the current 43k a day now. All fine and field performing to expectations is it, lol. The only items performing to expectations is the trough, highlander7 wrong predictions and habSCUM's excuses.

S13's news now 6 weeks late. I said that using the word "imminent" isn't fit for purpose as we've seen from the Stockport idiots years of failed predictions.

I recall you clowns banging on about "we will be pumping 55k a day by Summer". Did you mean this Summer, lol. I wonder if my predictions of earlier this year that 55k was continuing to go backwards will prove fact again.

Big up anything mildly positive to keep you suckers spouting BS by the minute but stay real quiet on all the "iffy" stuff innit:-)

And you clowns reckon they will be paying a dividend every two months, yet another classic, lol.

[beernut] 10/10/2021 14:09

This is part of a long article on Iraq elections.

If the current Iraq pm gets back in hopefully the Kurds will keep getting their budget payment.

The parties now in charge are likely to keep the upper hand
After years of seeing existing political parties fail to deliver effective governance, the turnout on Sunday will be a test of how much voters still believe in Iraq's political system. According to Iraq's electoral commission, there are more than 25 million registered voters. There are more than 3,200 candidates for 329 seats in parliament. New parliamentarians will choose the next prime minister, a job currently held by Mustafa al-Kadhimi.

A new election law allows Iraqis to vote for specific candidates instead of broad party lists. It's meant to make politicians more accountable and reenergize an electoral process that has increasingly suffered from voter apathy and fraud.

A major problem, though, is that most newly established political parties or independent candidates don't have the same funds or organizing power as the bigger, established parties. Moreover, some new candidates say their ability to campaign has been hampered by threats and even assassination attempts. These candidates are therefore not expected to win many seats, and existing parties are likely to take the biggest share of the votes.

Among Iraq's majority Shiite population, the Sadrist Movement led by the popular cleric Moqtada al-Sadr will vie for votes with Al-Fateh, an alliance of political parties — many of which are linked to militias — that are influenced by Iran

[beernut] 10/10/2021 13:51

October 10, 2021 8:00 am by David Sheppard , Kate Duguid and Valentina Romei
What next for oil prices after hitting multiyear highs?

Oil is normally the king of the energy market. Where it leads others follow.

But in the past few weeks it has been usurped. Natural gas, which for decades was primarily priced off oil contracts, has become the leader of the energy pack, as the crunch in supplies globally has pumped up prices.

Oil has not been immune. Crude prices are starting to take off due to the spillover effects of the gas crunch, as some sectors look to replace gas with oil where it is economically feasible to do so.


Rystad, an energy consultancy, thinks oil demand could be boosted by as much as 1m barrels a day this winter through gas-to-oil switching for power generation and heating alone.

Line chart of $ per barrel showing US oil price jumps to highest level since 2014
That is helping to support oil prices, with global marker Brent crude hitting its highest in three years last week at $83 a barrel, and US benchmark West Texas Intermediate reaching a seven-year high of $79.

With the Opec+ group declining to accelerate the return of production, and oil demand rebounding hard of its own accord as economies emerge from the pandemic, that is likely to keep support under crude. Will it regain the crown? Not yet, but higher prices may still be ahead. David Sheppard

[nestoframpers] 10/10/2021 13:41

Pipeline thieving , a tiny hole .... looks like a 40 inch pipe

[hydrocarbon1] 10/10/2021 11:56

The Keystone XL Pipeline Project (Phase IV) revised proposal in 2012 consists of a new 36-inch (910 mm) pipeline from Hardisty, Alberta, through Montana and South Dakota to Steele City, Nebraska, to "transport of up to 830,000 barrels per day
....................................................
This project cancelled but oil from tar sands - some of the heaviest, dirtiest and corrosive. Thought the name interesting and dimensions good ref point.

[nestoframpers] 10/10/2021 11:43

On the Ecotricity website they used to show this graph , I mocked it on social media and they took it down.

[nestoframpers] 10/10/2021 10:44

We were told 700K , cloaks and mirrors , I imagine several barrels of oil will pass through a 40" pipe in a fraction of a second .

GKP have known plenty to get the FDP out years ago .

[eddie47] 10/10/2021 09:47

At 40" it is a bit more than 700k, I believe Nesto.