Making the news today....

[Johnsond]

2 hours ago, teepeeat said:

Bit of context perhaps .........

Pragmatic last gasp for them to maintain the dominant source of national income before political pressures limit new drilling.

Regardless of politics all new oil is generally found in smaller quantities at deeper depths with increased technical challenges to get at. In simple terms it is increasingly expensive and more difficult to recover.

 

For further context - I am currently offshore (Norway as it happens) benefitting from a bit of work thanks to the drill drill drill policy 🙂

I that case you will know fine  well we are a ways off that situation yet. And what is the more sensible approach I ask. 
You answered really when you said “ pragmatic last gasp” 

[Johnsond]

2 hours ago, teepeeat said:

Bit of context perhaps .........

Pragmatic last gasp for them to maintain the dominant source of national income before political pressures limit new drilling.

Regardless of politics all new oil is generally found in smaller quantities at deeper depths with increased technical challenges to get at. In simple terms it is increasingly expensive and more difficult to recover.

 

For further context - I am currently offshore (Norway as it happens) benefitting from a bit of work thanks to the drill drill drill policy 🙂

What platform/vessel you on ?? You might bump into Andy. I’ll be back out myself shortly in UK sector doing a IRM project for Ithaca. West of Shetland depth ?? vs depth off Angola or Brazil etc etc ?? The technology is there but we don’t have the balls or common sense like the Norwegians. 

Edited July 2, 2024 by Johnsond

[Johnsond]

When the article contains the standard climate change end of the world message my interest just vanishes. Especially if it’s promoted by members renowned for having a loose grip on the truth. 

[Johnsond]

The critical cog in Putin's machine and how British firms help to keep Russian gas flowing into Europe

APPLE.NEWS

---

This is the story of how an obscure company based in an office block on a quiet street in Glasgow...

One of the consequences of shutting down your own domestic fossil fuel industries is surely going to be a reliance on others. Not just for LNG but Coal, Oil etc etc. I look forward to one of our resident multi disciplined experts posting a link to a supplier/producer of wind or renewables generated/derived grease, oil, lubricants or bearings etc etc . 

[Welshfred]

1 hour ago, Johnsond said:

my interest just vanishes

 

Did you only read the first 4 paragraphs then? When I said "in depth" I was warning of a quite lengthy read if you can get past phrases that irritate. I thought it genuinely interesting to the very end and as I said, pretty well balanced. The issues discussed will affect you more directly than many of us I would think, although the wider impact affects us all one way or another.

[Johnsond]

12 minutes ago, Welshfred said:

 

Did you only read the first 4 paragraphs then? When I said "in depth" I was warning of a quite lengthy read if you can get past phrases that irritate. I thought it genuinely interesting to the very end and as I said, pretty well balanced. The issues discussed will affect you more directly than many of us I would think, although the wider impact affects us all one way or another.

That wasn’t directed at yourself, the article was ok as far as a Guardian article on oil and gas ever can be. My own personal opinion is the whole UK sector N Sea Oil and Gas industry and opportunities have been catastrophically mismanaged from the very first day and still is now. 

Edited July 2, 2024 by Johnsond

[Welshfred]

5 minutes ago, Johnsond said:

catastrophically mismanaged

 

Hard to disagree.

Do you agree the transition has to happen at some point? Even if you ignore net zero issues we will run out eventually, they don't make that stuff anymore. Sunlight, wind, tides, green hydrogen should all be available for a long long time, providing energy and jobs for as long as there are people probably.

[Johnsond]

17 minutes ago, Welshfred said:

 

Hard to disagree.

Do you agree the transition has to happen at some point? Even if you ignore net zero issues we will run out eventually, they don't make that stuff anymore. Sunlight, wind, tides, green hydrogen should all be available for a long long time, providing energy and jobs for as long as there are people probably.

Horses, wind,coal , steam, oil, nuclear etc etc of course there is always change and progress but most definitely not at the level and pace some lunatics are demanding or when it literally hobbles you as an individual or nation. We just don’t have the technology etc in place. Oil will be required and around long after everyone who is on here today is in the ground. 

[peds]

I simply don't understand why we ever even stopped hunting whales for the precious spermaceti they produce. It lit our homes, it is a renewable resource, it provided jobs for thousands of hard-working families, not that the wig-wearing aristocrats in their ivory towers would know anything about that (and don't even get me started on ivory... another renewable resource!), and we, as an island nation, have a rich history of harvesting the bounty of the seas. My family in particular go back generations in the whaling game, so I have an in-depth and unbiased wealth of knowledge on the subject.

 

All these bloody retards saying that we are just going to run out of whales are off their bloody rockers, have you even seen how much ocean there is out there? It's bloody massive! We could never run out!

 

This newfangled idea of electrification and these bloody stupid incandescent light bulbs are just a flash in the pan, a phase, a fleeting trend. It'll all be gone in a few years and all the sensible, pragmatic, common-sense-led people will realise that whale oil is the only realistic method we've got available to us for lighting our homes.

Edited July 2, 2024 by peds

[tree-fancier123]

8 hours ago, Johnsond said:

My own personal opinion is the whole UK sector N Sea Oil and Gas industry and opportunities have been catastrophically mismanaged from the very first day and still is now. 

Yes - UK governments - con and lab = short sighted retards

The Government Pension Fund of Norway is composed of two entirely separate sovereign wealth funds owned by the government of Norway. The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. Wikipedia

AUM: US$ 1.626 trillion (March 2024)

Founded: 1967; 1990

Owner: Government of Norway