Navion Oceania En Route To Lancaster Good Evening Everyone, The shuttle tanker is en route to Lancaster for the fourth cargo of Lancaster oil. The timing is superb with the report due on Friday and the oil crisis ensuing from the attack on the Saudi oil installations. I wonder just how much oil Lancaster is producing? Surely it must be in excess of expectations! MarineTraffic.com Vessel details for: NAVION OCEANIA (Shuttle Tanker) - IMO 9168946, MMSI... Vessel details: NAVION OCEANIA. Discover the vessel's basic Details, including the vessel IMO / vessel MMSI and vessel Call Sign. Type: Shuttle Tanker Vessel, Registered in Bahamas. Find dead-weight-tonnage, Gross Tonnage and the Year of Build vessel... Carliol
Saudi Oil Installations Ablaze Following Drone Attack Hi All, More news on the drone attack on Saudi oil installations. Monday is going to be interesting. BBC News US blames Iran for attacks on Saudi oil facilities Tehran rejects the accusations on the drone attacks, which the Saudis say have halved oil production. US Secretary of State Mike Pompeo has blamed Iran for Saturday’s drone attacks on Saudi oil facilities. He dismissed a claim by Yemen’s Iran-backed Houthi rebels that they had attacked the two facilities, run by state-owned company Aramco. Iran’s foreign minister accused Mr Pompeo of “deceit”. Saudi Arabia’s energy minister said the strikes had reduced crude oil production by 5.7 million barrels a day - about half the kingdom’s output. Correspondents say they could have a significant impact on world oil prices. The main Saudi stock exchange plummeted 3% on opening on Sunday, before recovering. Carliol
Saudi Oil Installations Ablaze Following Drone Attack Let’s also remember Saudi Arabia’s interference and war-mongering in Yemen. Perhaps they only have themselves to blame? Frog in a tree
Saudi Oil Installations Ablaze Following Drone Attack Completely agree. I remember the relief when the AM entered the Mediterranean. The possibility was always there, I guess no one had sunk that low and now they have it sets a dangerous precedent. Let’s also remember who supports Iran and has trading links: North Korea, Russia and China.
Saudi Oil Installations Ablaze Following Drone Attack Good points Floss. HUR is a pretty small producer I should think, producing just a drop of oil in a big ocean of the stuff. The big question is to what degree the big producers will be impacted by this attack. I supect the Houthis have limited resources and capabilities. Yes, they have Iran as support but Iran will be careful not to put its own oil installations at risk. The price that HUR oil will fetch will still be determined by the wider international oil market. We will see for sure on Monday. Cheers, Frog in a tree
Saudi Oil Installations Ablaze Following Drone Attack frog_in_a_tree: In terms of world supply do you think this attack has been big enough to have mush impact on the oil price. I suspect not. The significance for us is that the majors will now be seriously trying to find alternative sources of supply. Drone attacks have always been a theoretical possibility but these latest attacks have shown that oil installations are particularly easy to successfully target i.e. the risk is now real rather than theoretical. The ME has always been a volatile area but off-the-shelf drones costing a few hundred pounds are only now being used and this successful attack is clearly going to encourage others to copy. That means that further disruption is very likely in the future, so security of supply has moved up the list of desirable attributes and whilst buying oil from a third party such as HUR, there could easily be a queue of big oil companies forming. For big oil, the best solution to that problem is to own the oil yourself thus securing your supply and waving two fingers at your competiFlors
Saudi Oil Installations Ablaze Following Drone Attack Hello Albi 1, The devastation and carnage of the oil refinery and oil field in the K of S A looks appalling. Once again it’s the Iranians who are behind this attack in the Middle East. It appears the Ayatollahs are behind this tragic event but would we have expected any other faction to create unsavory attack. If there’s any trouble in the M E it’s odds on that Iran are behind it in their proxy war against the West. Much as I would prefer the share price of Hurricane to increase under better circumstances it looks as if we could have a sharp rise in the price of oil following the drone attack on the oil installations in the K of S A. I’ve been predicting a serious interruption in oil supplies from the M E for a long time. Being invested in a UK company such as Hurricane operating on the UKCS gives me some peace of mind. However, at the moment the UK can hardly be described as being politically stable but at least we know that Hurricane’s zillions of barrels of oil are safely tucked away in the naturally fractured basement reservoirs West of Shetland. Carliol
Saudi Oil Installations Ablaze Following Drone Attack Hello Carliol Good to have you back. Quite appalled by the news today and no doubt it will have a significant impact. I guess damage assessment will be reported in due course. Astonished and relieved there were ‘no casualties’. Could have been horrific. BBC News Drone strikes hit Saudi oil production The kingdom's output is reportedly reduced by five million barrels a day - nearly half its output. "There was a sharp intake of breath as analysts I spoke to today digested the information that reports suggest that half of Saudi Arabia’s oil production could have been knocked offline by these attacks. The country produces 10% of the world’s crude oil. Cutting this in half could have a significant effect on the oil price come Monday when markets open. "
Warwick & Lincoln 3 wells drilling 2019 Bobsson Feels like a turning point doesn’t it? 90 days, will have to create a countdown calendar!
Saudi Oil Installations Ablaze Following Drone Attack Hi Fiat, If this refinery ceases tp process crude oil it could be the tipping point that sends over production into a deficit and we all know the result of supply and demand. The following copy and paste provides info on current global crude oil production. Statista Oil production globally 2018 | Statista This statistic shows the global oil production between 1998 and 2018. Carliol
Saudi Oil Installations Ablaze Following Drone Attack In terms of world supply do you think this attack has been big enough to have mush impact on the oil price. I suspect not. We already have oversupply. Frog in a tree
Saudi Oil Installations Ablaze Following Drone Attack Welcome back!
Saudi Oil Installations Ablaze Following Drone Attack Good morning Everyone, After a sabbatical from posting for two months I thought I would start posting again. Unfortunately it’s a posting about death and destruction in the K of S A. The drone attack could have a positive effect on the share price on Monday. I find it difficult to understand why the share price is at it’s current price of c47p. The duster at the Warwick Deep and the sale of Kerogen shares clearly haven’t helped but I would have thought the success of the Lincoln Crestal would have helped the share price to consolidate at well over 50p. With news of a fourth oil shipment from Lancaster due at any time and a report due on Friday next week could be a week to remember for all the right reasons. BBC News Drone strikes set Saudi oil facilities ablaze The fires are under control, state media say, as Yemen's Houthi group says it deployed the drones. Carliol
Post foil rr, Yes it did didnt it. But I watched the CMD presentation and thought I heard Stobie say they did not intend to use the 2020 3 well rig to complete the LC tie back. (?) Share price struggling to reach 50p, could be serious PI selloff if this gets back to low 60s.
Post foil [link]