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Alaric 12 May 2019

Buy-back this was the link to the article again: [link]

Alaric 12 May 2019

Buy-back This is just the news vacuum I believe and hopefully will be corrected shortly as so much news is due. Mclean helpfully reposted (on LSE) the link to Oisin’s interview with the Irish Times at the time of the SBB, which I think was the last official word from the company.

Ripley94 11 May 2019

Buy-back SLE… XXXX Surprised i did not post when i bought back a couple of times after tender offer. I see they have gone even lower now any reason ?

linksdean 11 May 2019

Could be interesting! Energy News | Oil and Gas News – 10 May 19 Nigerian crude differentials steady amid strong demand Offer prices for West African grades remained high but have not ramped up significantly despite tightened U.S. sanctions on Iranian oil, which will leave top buyers India and China looking for replacement barrels. Shell confirmed that force majeure...

linksdean 07 May 2019

Could be interesting! [link] Washington has also placed sanctions on oil exports from Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC). Some analysts, however, predicted production curbs agreed by OPEC and other producers such as Russia would continue to boost prices. “The recent Brent pullback has taken prices too low in the face of tight fundamentals and growing supply risks, just as refiners come back from extended spring turnarounds,” Goldman Sachs said.

linksdean 07 May 2019

Could be interesting! watch this space!.. Energy News | Oil and Gas News – 7 May 19 Nigerian oil independents on red alert as IOCs plan further divestment Nigerian investors and industry players will be keeping an eagle eye on a current wave of investment opportunities about to open up for local companies as International Oil Companies (IOCs) move to fully divest from onshore assets. According to...

linksdean 07 May 2019

Could be interesting! [link] West African producers Nigeria and Angola are set to deliver 420,000 bpd combined this month, the highest in 13 months.

linksdean 06 May 2019

Could be interesting! Energy News | Oil and Gas News – 5 May 19 Notore records N4.6bn operating profit in 6 months Notore Chemical Industries Plc has posted an operating profit of N4.63 billion for the half year ended March 31, 2019, compared with N0.11 billion recorded in the corresponding period of 2018. According to the unaudited six months financial results,...

linksdean 04 May 2019

Could be interesting! [link]

linksdean 02 May 2019

Could be interesting! [link]

Eadwig 01 May 2019

Could be interesting! An interesting piece. Very few US states or EU countries will give planning permission for a new refinery, even next door to an existing one. During their enforced sale of assets B.P. massively under priced their sale of a refinery in California, it was generally believed by the oil patch, because ‘no one will ever get permission to build a new refinery in California again’. Not sure how this would benefit SLE directly, or at all, but its an interesting trend that looks set to continue/accelerate with the backdrop of anti-fossil fuel protests throughout advanced economies (and quite a few others too). One reason the oil price has remained as high as it is is that U.S. shale plays can’t get pipelines completed to get the oil and gas out to export markets through challenged planning permissions. In some states it is taking years and may not happen at all. The Permian storage (in Cushing, I think its called) is now charging companies a premium per barrel for oil storage as oil ‘queues’ to get piped to the Gulf Coast as new, additional pipelines are awaited - and that is pipelines though Oklahoma and Texas, two of the most fossil fuel friendly states in the 50.

linksdean 01 May 2019

Could be interesting! Energy News | Oil and Gas News – 30 Apr 19 Nigeria to benefit from refinery closures in Europe – NNPC boss The projected closures of some refineries in advanced economies imply that there will likely be a relocation of refining operations from those countries to areas of higher demand for petroleum products like Nigeria, the Group Managing Director,...

linksdean 30 Apr 2019

Could be interesting! U.S. – 30 Apr 19 Oil tops $73 per barrel then pares gains as Venezuela's Maduro... Oil prices rose on Tuesday above $73 a barrel but then eased off the session hig...

linksdean 29 Apr 2019

Could be interesting! [link] “Consequently, even small levels of uncertainty can spark a more marked price response. However, because the supply situation remains tight a renewed price rise is probable.”

linksdean 29 Apr 2019

Could be interesting! [link] ABUJA, April 21 (Reuters) - Nigeria’s Nembe Creek Trunk Line, one of the two major lines transporting Bonny Light crude oil, was shut on Sunday after a fire prompted a force majeure, operator Aiteo said. Aiteo said its emergency response team was activated once it was notified of the fire and it was forced to shut the line. ………… other line to bonny is TNP… Trans Niger Pipeline Loopline The Trans Niger Pipeline (TNP) transports around 180,000 barrels of crude oil per day to the Bonny Export Terminal and is part of the gas liquids evacuation infrastructure, critical for continued domestic power generation (Afam VI power plant) and liquefied gas exports. The loopline project creates an alternative route to avoid sabotage, bypassing an area where theft and illegal refining have been common. In addition, the project will install monitoring systems to detect any intrusion or leak. The pipeline will not be completely covered to allow security patrol boats to quickly access all pipeline sections. Key facts Location: Ogale, Alakiri, Cawthorne Channel and Bonny Interests: Shell Petroleum Development Company Ltd (SPDC) is the joint venture (JV) operator of an unincorporated JV with a 30% interest Partners: Nigerian National Petroleum Corporation (NNPC: 55%), Total E&P Nigeria Ltd (10%), and Nigerian Agip Oil Company (NAOC: 5%) Project development The project aims to secure the evacuation of crude from assets in the eastern part of the Niger Delta, and of natural gas from the Gbaran, Agbada, Okoloma and Alakiri gas plants to the Bonny terminal. After completion it also allows for more easy access to maintain the infrastructure. The project consists of three parts: 1.a 12.5km 30inch pipeline from Ogale to Eleme/Ogu Bolo over land terrain; 2.a 25.5km 30inch pipeline from Eleme/Ogu Bolo to the Cawthorne Channel Junction Manifold, and a 2.4km 8inch pipeline from Alakiri to Ojikiri spurline, both over swamp terrain; and 3.a 20km 30inch pipeline and a 20km 24inch loop pipeline leg from Cawthorne Channel Junction Manifold to Bonny Oil and Gas Terminal, both over swamp terrain " This pipeline has a capacity of 150,000 b/d at Nembe Creek, however, up to 600,000 b/d of liquids can be evacuated from the end point at Cawthorne Channel."… on oml18…

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