Petrel Resources Share Discussion Threads

[malc5] 16/1/2022 18:35

felix, their are a few morons on here i'm afraid, just ignore them

[felix0007] 13/1/2022 23:22

Thanks for the update KD and just a shame Diddy and his followers seem to want to diss any news what-so-ever! Is he a shareholder as being new to this board it seems to me that he has a axe to grind for no particular reason?? On the other side it is a shame that the board don't appear to update genuine shareholders and DH if you are looking at these boards that would be much appreciated.

[the diddymen] 12/1/2022 20:58

Oh dearie me.....! When BB shareholders see posts like that they should just accept the inevitable and sell.

[fenners66] 12/1/2022 18:59

I see Terry has a new (old) name to spin yarns about....

Terry that company got mentioned about 15 years ago and nothing has happened since. Now PET has 29% shareholders that won't touch them with your bargepole....

[kdickson] 12/1/2022 14:04

Another 'dots to join....

[holdingtight] 12/1/2022 13:59

An almost constant flow of low level sales for a month or two now, or at least it seems to me (I've not been been tracking it closely). But with no drop in share price It seems someone is happy to soak them up ! Would love to know why.

[the diddymen] 12/1/2022 11:54

BB - PET are just doing a touch up job on the company pedalo and Billy will be on his way (with some sandwiches) next week. Billy finds the pedalo a little more secure than flying for critical missions because there is no free 'pedaloradar' app on the internet.

[fenners66] 12/1/2022 00:55

I see kd is back with a new fantasy to stir up the apologists and gamblers....

Each fantasy gets more removed from reality than the last...

Why has he not figured it out that ultimately PET should be touting a story and fundraising for asteroid mining ?

News out in Paris yet kd ?
Perhaps yer mates going to finally spend £250k on the shares they never paid for?
To get a guaranteed return that you thought would lead to them handing out £100m free assets to other shareholders ?

Didn't he previously write for Viz or the Sunday Sport ?

[kdickson] 11/1/2022 20:03

BB. Clue: Join the dots. More to follow (if you follow) ;)

[kdickson] 11/1/2022 17:44

POTENTIAL AND BENEFITS OF BLUE AMMONIA AS A CLEAN FUEL OF THE FUTURE.

Dr Hussein Moghaddam, senior energy forecast analyst at the GECF Secretariat, explains the role that blue ammonia has to play in the transition to cleaner fuels.

According to the latest edition of the GECF Global Gas Outlook 2050, the demand for natural gas is expected to increase by 50%, from 3,950 billion cubic metres (bcm) in 2019 to 5,920 bcm by 2050. Therefore, natural gas will be an integral part of the world energy supply for the following years.

Meanwhile, gas producers perceive natural gas as a vector of the energy transition, notably hydrogen, and thus in order to achieve long-term emission reduction targets, they have begun to consider hydrogen as a crucial fuel for sustainable global decarbonisation.

In this regard, blue ammonia has also emerged as a prominent feedstock to boost a low-carbon economy.

In 2021, the GECF is developing its “Hydrogen Scenario” as well as a “Carbon Neutrality Scenario”. Within these two scenarios, a wide range of energy majors’ pathways towards decarbonisation in energy transition, such as blue hydrogen, blue ammonia, and the application of carbon capture, utilisation, and storage (CCUS) will be captured.

Initial results show that blue ammonia has potential as a future fuel for the maritime and power generation sectors.

As a new project, Russia and Japan are planning to jointly study the possibility of transporting blue ammonia produced in Russia's Siberia for utilisation at coal-fired power generation plants in Japan.

According to the Ammonia Energy Association, production levels of ammonia are currently approaching about 200 million tonnes per annum, out of which around 10% is traded on the global market. Almost 98% of the feedstock for global ammonia production originates from fossil fuels, out of which 72% uses natural gas as a feedstock.

Blue and green ammonia
----------------------------------------

It should be noted that ammonia is classified either as ‘blue’, when it is produced from natural gas feedstock and the released CO2 is captured by CCS/CCUS technologies, or it can be labelled as ‘green’, when it is derived from electrolysis hydrogen produced by renewable resources.

In the recent past, the continuing growth in gas production and LNG inflow has enabled gas producers and industries to expand the production of blue ammonia. Accordingly, the growth in ammonia production and its declining carbon intensity are in line with global targets of transitioning away from carbon-based fuels.

Currently, ammonia enjoys the advantages of an existing broad user-base as it is the basis of fertiliser production. Besides, well-developed infrastructure and large-scale ammonia production facilities are available around the world, making its production more feasible.

Compared to hydrogen, ammonia does not require cooling to extreme temperatures and also features a higher energy density than liquid hydrogen, making it more efficient to transport and store.

These advantages suggest that ammonia could readily be a competitive option as a solution for decarbonising the energy-intensive industry, particularly in the power generation and transport sectors.

Moreover, at the moment, producing green ammonia at commercial scale is expensive given the capital costs of the electrolyser plant for hydrogen production.

Supporting decarbonisation
---------------------------------------------

In this context, blue ammonia has emerged as one of the alternative fuels to support the shipping industry’s decarbonisation. The International Maritime Organization (IMO) set the goal to reduce greenhouse gas (GHG) emissions by 40% by 2030 and up to 70% by 2050, compared to 2008 levels, eventually fully eliminating all harmful emissions.

Even though LNG appears today as one of the best options to achieve IMO’s goals, blue ammonia has also been identified as one of the key solutions in the shipping industry’s pathway toward IMO’s decarbonisation objectives.

The other application of ammonia is in decarbonising coal-fired power plants. Japan is aiming to increase the utilisation of ammonia to achieve the country's 2050 decarbonisation goal.

In September 2020, the world’s first shipment of blue ammonia was dispatched from Saudi Arabia to Japan, where it was used for power generation.

Indeed, at a plant in Saudi Arabia, natural gas was used to produce hydrogen and then combined with nitrogen to create blue ammonia. The CO2 extracted from gas was captured and used at a methanol plant and in enhanced oil recovery.

According to Japan’s Institute of Energy Economics, blue ammonia is critical for sustaining the balance between the environment and the economy, in the context of Japan’s zero-carbon emission ambitions. About 10% of Japan's power could be generated using 30 million tonnes per annum of blue ammonia.

In conclusion, ammonia has the potential to play an important role in the transformation of the global energy system as a green and less-CO2 intensive energy source to meet the world’s growing energy demand.

The power sector, which would undergo perhaps the most drastic structural shift in this transition when considering the global ”greening the energy industry’̵7; drive, could greatly benefit from utilising ammonia – whether blue or green – in meeting its emissions obligations.

[the diddymen] 11/1/2022 16:58

Interesting - the most common word on the PET BBs in 20years of abject failure.

[malc5] 11/1/2022 14:06

Interesting

[joeblogg2] 11/1/2022 08:43

DH has gone to sleep , no resolution of Tamraz, no deals Ghana or Iraq :(( maybe this year ??

[kdickson] 10/1/2022 22:52

Good to see this news...

Iraqi cabinet approves project for oil pipeline from Basra to Aqaba.

By Jordan Times - Jan 10,2022


AMMAN — Energy and Mineral Resources Minister Saleh Kharabsheh on Monday announced the Iraqi cabinet's approval of the framework agreement for the project to install a pipeline to transfer Iraqi crude oil from Basra to the Aqaba port.

Kharabsheh said that his Iraqi counterpart Ihsan Abdul Jabbar, in a phone call, had announced Iraq's approval, where Abdul Jabbar was commissioned to complete procedures necessary for signing the agreement, according to a ministry statement.

Kharabsheh and his Iraqi counterpart agreed to direct the technical and legal teams to proceed with necessary procedures to sign the agreement.

The two ministers also highlighted the importance of building on the outcomes of the fourth trilateral Jordanian-Iraqi-Egyptian summit that was held in June in Baghdad with the participation of His Majesty King Abdullah, Iraqi Prime Minister Mustafa Kadhimi and Egyptian President Abdel Fattah Al Sisi.

The two sides also went over bilateral relations and the latest developments pertaining to the Iraqi oil pipeline through the Aqaba port.

The scheme is part of efforts to enhance bilateral ties and expand cooperation in a way that serves the joint interests of the two countries through opening a new hub for the exportation of the Iraqi oil, where Jordan has the right to buy 150,000 oil barrels daily to be refined at the Jordan Petroleum Refinery Company in Zarqa.

The scheme includes building an oil pipeline to transfer crude oil with a capacity of one million barrels a day from Basra to Aqaba with a total length of 1,775 kilometres to export the Iraqi oil through Aqaba to international markets.

The total cost of the project is ranges between $7 billion and $9 billion, according to the estimations of the Iraqi side, the statement added.

[the diddymen] 10/1/2022 13:10

HM - yep - a lot I can recognise in that description. Sadly most of the greedy ones indulged their greed and left.

[honestmarty] 09/1/2022 20:54

Talkman2

Purpose

To sell Irish Mist to greedy, gullible Englishmen.

[the diddymen] 09/1/2022 16:56

To generate bulletin board arguments.