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  • Screaming Eagle's Avatar
    Today, 01:16 AM
    Sad but true. If things don't change CA. will be the same!!
    505 replies | 26794 view(s)
  • Wolverine's Avatar
    Today, 12:08 AM
    New exploration captures support Eni’s aggressive Middle East growth strategy By will scargill, senior oil & gas analyst, GlobalData on 1/14/2019 LONDON -- Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, senior oil & gas analyst at GlobalData offers his view on their place within the company’s wider strategy: “Eni’s recent acreage captures in the Gulf are part of a strategy for major growth in the Middle East. Over the past two years the company has acquired major development and production assets, and these new exploration licenses will make it a key player in the region’s exploration in the coming years. “In March 2018, Eni announced its acquisition of interests in the producing Lower Zakum and Umm Shaif & Nasr concessions in the UAE. Combined with an increase in production from the Zubair field in Iraq – Eni’s only pre-existing production asset in the region – we expect these acquisitions to drive strong production growth. Eni's Middle East production in 2018 is estimated to have been over double the 2017 figure, with a further 20% growth expected in 2019, according to GlobalData. “On top of these production acquisitions, Eni has also secured a 25% interest in the UAE’s Ghasa sour gas development. This will add further production when the fields come on stream, expected in 2022-23. “Eni will hope to secure longer term production growth in the region through its new exploration acquisitions. Such intentions were already shown by the acquisition of Block 52 offshore Oman in 2017 and the company’s unsuccessful bidding for two blocks in last year’s Iraqi bid round. The new blocks in Bahrain, Oman and the UAE will make it a major acreage holder in the region. “Operational synergies resulting from a concerted regional growth strategy may also benefit Eni. For instance, the company hopes that the proximity of the new UAE acreage to its development and production assets may support rapid development of any discoveries, emulating the successes that it has had with this approach elsewhere.”
    0 replies | 11 view(s)
  • Wolverine's Avatar
    Yesterday, 11:53 PM
    Lukoil has confirmed Eridu field geological model 1/10/2019 MOSCOW -- Lukoil has successfully completed testing of the fourth well as part of Eridu field (Block 10) appraisal phase in the south of Iraq. The testing resulted in the commercial flow of dry crude oil that proves the current geological model of Eridu field as effective. ​ Lukoil continues geological exploration at Block 10. For instance, the company plans to drill and test several appraisal wells and to complete 3D and 2D seismic surveys for Eridu field and the block's southern and central parts, respectively. Information Block 10, covering 5.8 Mkm2, is located 150 km west of Basra, 120 km away from West Qurna-2 field. Interests in the project: LUKOIL – 60% (operator), INPEX Corporation (Japan) – 40%. The Iraqi party to the agreement is represented by the state-owned Thiqar Oil Company.
    0 replies | 14 view(s)
  • crazyfrank's Avatar
    Yesterday, 11:15 PM
    I was sent this letter on CBI letter head via e-mail today and I have no clue how to translate it, and i am told its something I need to learn about, can anyone here help?
    0 replies | 37 view(s)
  • crazyfrank's Avatar
    Yesterday, 05:22 PM
    James, thanks for the heads up on this. Although I believe its safe to assume there have been a few more cash/stock dividends awarded over the last few years from other holdings, and for those of us who are in the Warka limbo category, it seems that their brokerage department is in dormant mode on these cash/stock dividends being collected. Has anyone herd any news on Warka bank? or the brokerage department at all? I do see that they are responding to password actions so they are breathing, but beyond that it seems they have gone into "radio silence" mode still aye?
    5 replies | 161 view(s)
  • Wolverine's Avatar
    Yesterday, 02:45 PM
    ...your logic is dry as a popcorn fart
    505 replies | 26794 view(s)
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