North Sea Oil Production Struggling

301 Comments on "North Sea Oil Production Struggling"

ANAL REAPER on Mon, 20th May 2019 10:32 am 



This is what we call PEAK OIL.

You fucking anal faggots.

We need to BOMB Iran and all the mid east for their oil..their precious precious oil…..

JuanP on Mon, 20th May 2019 10:52 am 



Oops juanpee sock

ANAL REAPER on Mon, 20th May 2019 10:32 am
This is what we call PEAK OIL.
You fucking anal faggots.
We need to BOMB Iran and all the mid east for their oil..their precious precious oil…..

Davy on Mon, 20th May 2019 11:30 am 



I’m real stupid to pretend i’m fooling y’all.

All JuanP posts are really me. I decided to tell the truth for a change.

Cloggie on Mon, 20th May 2019 11:43 am 



Excellent news for the renewable energy industry, the sky is the limit!

https://deepresource.wordpress.com/2019/05/15/developments-in-offshore-wind-jack-up-market/

Sunspot on Mon, 20th May 2019 12:07 pm 



Wait, what? You mean the Earth isn’t an infinite flat plane, so it’s finite, so everything on it is finite, which means everything will “run out” eventually?

So I haven’t seen “Endgame”, I refuse to pay for that crap, but the giant prune “Thanos” killed half of everyone because of the fear of limited resources. Which makes sense on a finite planet. But these creatures have the whole fucking universe at their disposal!!! And if the universe isn’t technically infinite, it is certainly really, really, really fucking BIG! AmIright?? How can you “run out” of anything???

I haven’t seen ANYONE point that out. Like George Carlin said – half of the population has below-average intelligence. And “average” is a pathetic starting point.

JuanP on Mon, 20th May 2019 12:11 pm 



Oops juanpee posted this

Sunspot on Mon, 20th May 2019 12:07 pm

Cloggie on Mon, 20th May 2019 12:13 pm 



On a human time scale, wind and solar are an infinite resource indeed.

Dunno about helium.

Davy on Mon, 20th May 2019 12:13 pm 



All posts I don’t like are juanpee, but JuanP is really me.

Confusing huh?

CONFUSING I TELL Y’ALL!!!!

JuanP on Mon, 20th May 2019 12:37 pm 



Oops, juanpee posting.

Davy on Mon, 20th May 2019 12:13 pm
All posts I don’t like are juanpee, but JuanP is really me.
Confusing huh?
CONFUSING I TELL Y’ALL!!!!

Davy on Mon, 20th May 2019 12:39 pm 



“On a human time scale, wind and solar are an infinite resource indeed”

Total nonsense from the techno optimist.

Cloggie on Mon, 20th May 2019 12:45 pm 



“Total nonsense from the techno optimist.”

Ok, that’s your robust opinion.

Now some reasoning please.

Tic-toc-tic-toc

Davy on Mon, 20th May 2019 12:47 pm 



I’m the world’s foremost leading expert on everything.

Y’all don’t call me the exceptionalturd for nothin.

Call me stupid.

JuanP on Mon, 20th May 2019 1:38 pm 



Oops this is a juanpee posting

Davy on Mon, 20th May 2019 12:47 pm
I’m the world’s foremost leading expert on everything.
Y’all don’t call me the exceptionalturd for

Davy on Mon, 20th May 2019 1:40 pm 



“Now some reasoning please”

Cloggo, where is your reasoning to begin with? Lol. Talk about a naked comment.

JuanP on Mon, 20th May 2019 2:01 pm 



You think you’re the world’s foremost leading expert on everything Davy, but you don’t know shit.

Dumbass

claes on Mon, 20th May 2019 2:11 pm 



cloggie said: “Dunno about helium.”
It may be worth while keeping a closer look at that particular element.

JuanP on Mon, 20th May 2019 2:32 pm 



Hey, dumb fuck, you are repeating yourself. Man you are triggered. I love when you get upset.

JuanP on Mon, 20th May 2019 2:01 pm
You think you’re the world’s foremost leading expert on everything Davy, but you don’t know shit.
Dumbass

JuanP on Mon, 20th May 2019 2:35 pm 



Oops this is a juanpee posting

Davy on Mon, 20th May 2019 1:40 pm
“Now some reasoning please”
Cloggo, where is your reasoning to begin with? Lol. Talk about a naked comment.

Davy on Mon, 20th May 2019 2:37 pm 



Oops, sorry for losing my shit again everyone.

‘Hey, dumb fuck, you are repeating yourself. Man you are triggered. I love when you get upset.”

I AM THE MOB on Mon, 20th May 2019 3:25 pm 



Edinburgh Study: Only 10 years of UK’S North Sea Oil and Gas Remaining (Thompson, 2017)

https://www.ed.ac.uk/news/2017/uk-oil-and-gas-reserves-may-last-only-a-decade

I AM THE MOB on Mon, 20th May 2019 4:33 pm 



Nigel Farage hit by milkshake protest on Brexit Party campaign trail

https://www.businessinsider.com/nigel-farage-hit-by-milkshake-protest-on-brexit-party-campaign-trail-in-newcastle-2019-5?fbclid=IwAR1fuU57BsjDXcJefB72u1UGzZUgt-6o5diDC1DjQebVX-SIRT6h94fDMfY

haha

JuanP on Mon, 20th May 2019 4:46 pm 



Oops. This is a juanpee posting

Davy on Mon, 20th May 2019 2:37 pm
Oops, sorry for losing my shit again everyone.
‘Hey, dumb fuck, you are repeating yourself. Man

I AM THE MOB on Mon, 20th May 2019 5:17 pm 



Germany spends record 23 billion euros on refugees: document

https://www.reuters.com/article/us-germany-budget-refugees/germany-spends-record-23-billion-euros-on-refugees-document-idUSKCN1SQ182

money well spent

I AM THE MOB on Mon, 20th May 2019 5:29 pm 



Only Immigrants Can Reverse America’s Baby Bust

https://www.bloomberg.com/opinion/articles/2019-05-19/more-immigrants-needed-to-reverse-u-s-baby-bust

joe on Tue, 21st May 2019 5:50 am 



That or support families with things like tax breaks for stay at home parents and less pressure on women to stay single/lesbian/on the pill.
Social liberalism is just social engineering to increase the tax base and weaken workplace unity. I see a correlation between the weakening of unions and the presence of women in work who just like at home usually put up with being paid less and treated like shit just to get a quiet life and have domestic security.

Dredd on Tue, 21st May 2019 6:29 am 



Seas the moment (Sea Water DNA Detection Using Conservative Temperature).

Robert Inget on Tue, 21st May 2019 9:24 am 



On Topic:
The ‘big tell’ came in March when Norway decided
to begin selling off N.Sea assets.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/030819-norway-plans-to-sell-off-wealth-funds-upstrea

So, we need add N.Sea to current drop-outs; Nigeria, Venezuela, Sudan, Syria, Libya, Russian pipelines choked with poisonous, pipeline eating acidic crapolla. Don’t let’s forget Iran and SA…

KSA getting some of their own medicine:
(Yemeni drones hitting Saudi arms storage, pipelines, choke points) Just bug bites now but
once rebels get the hang of it….
(tankers could be attacked during narrow passages with incendiary explosives)

I’ve gone over to the dark side. Bet heavy on Canadian Pipelines and oil sands.

DC ‘Tell’
When Trump played Mr. nice guy with Canada last week for a self serving reasons.
(he lifted tariffs on Mexico as well, not realizing Mexico is presently negative petroleum exports)

Near term, Wednesday’s EIA will define oil markets for remainder of the year. Some ‘experts’
are calling for a huge inventory draw. I’ll take ANY draw.

You see, with Venezuela out, it takes a month to six weeks for events in the ME to actually effect NA Markets. By that time traders have forgotten
a market moving event happening over a month ago. Venezuelan imports no longer smooths over dips and bumps.

Duncan Idaho on Tue, 21st May 2019 9:51 am 



“World oil production less USA, in April 2018 was 71,338 kb/d. In January 2019 world oil production less USA was 70,540 kb/d, a decline of 798 kb/d. January is the last month we have world data for, but we do have data for OPEC and Russia through April. Since January, OPEC + Russia has declined another 904 kb/d. Adding the two we get a total decline of 1,702 kb/d.

I am guessing that, since January, the rest of Non-OPEC, less USA and less Russia, has been pretty flat. Perhaps increasing a little but not very much either way. So I am guessing that World oil production, less the USA, April 2018 to April 2017 will be down about 1,700 kb/d.”

-Ron P

Anonymous on Tue, 21st May 2019 12:02 pm 



Brent blend is discussing adding WTI (sold at Rotterdam) into the mix that determines pricing. This grade has of course been increasing even as the North Sea declines. Quality is very similar.

Robert Inget on Tue, 21st May 2019 12:16 pm 



Right U are Ron. If inventories are up Wednesday
one needs to really wonder how much sub rosa ‘Iranian oil’ are we taking on? Every single indication, other than internet rumors, speaks to a draw.

Facing ‘interesting times’.

Most of the young men posting here and elsewhere have no fear of aftermath of bombing Iran.

I was four when Germany invaded Poland.
Even then I could see the fear in my parental units.

Lucky for me, I was a year too young to be drafted
for the ‘Korean Police Action’.

When Vietnam broke loose my bone spurs started to act up. (too old to draft, I burned my D card more than once on two marches on Washington)

TV wars Afghanistan and Iraq were all guns, butter and mounting debts for America.

Today, Tesla needs another Billion to stay in business. Trump needs low gasoline prices and a
trillion dollar credit line to—- wait for it—- change regimes in Iran.

Someone needs to take Trump out on a golf course and let him win.

Robert Inget on Tue, 21st May 2019 12:28 pm 



“Quality is (very) similar?”
In your dreams, Anonymous.

https://www.quora.com/What-is-the-difference-between-Brent-shale-and-crude

https://oilprice.com/Energy/Crude-Oil/Why-Shale-Oil-Will-Never-be-a-Game-Changer.html

Condensate is great for cutting tar coming from oil sands in Canada and Venezuela.

The real value play is plentiful natural gas. Not ersatz ‘crude’.

Davy on Tue, 21st May 2019 1:19 pm 



“Quality is (very) similar?”
In your dreams, Anonymous.”

So bob, you are saying WTI is condensate?

print baby print on Tue, 21st May 2019 3:45 pm 



I told you so . I told you so . Itold you so hahahhahhaha

Anonymous on Tue, 21st May 2019 4:06 pm 



Robert:

The US is currently producing over 3.6 MM bopd of 40-45 API oil. We’re also producing over 2.2 MM bopd of 35-40 API oil. Source linked:

https://www.eia.gov/petroleum/production/pdf/table5.pdf

Supplying ~40 API oil is not a problem.

I think you are getting confused with the condensate talking points in peak oil discussions. Go to data sources instead. Less than a million bopd of US production is over 50 API gravity.

Robert Inget on Wed, 22nd May 2019 10:34 am 



“Gassing Out”
No that’s not a term for old men on their last bar stool.

Re: Anadarko and Eagle Ford have definitely gassed out ( the lines are going vertical and no oil production growth is possible anymore), Permian is on the brink of gassing out and the Bakken shows an early bias. Companies have already given up Anadarko an
Companies have already given up Anadarko and Eagle Ford.

I showed the other down how from EOG data clearly Eagle Ford has plateaued. Yes you can raise production by 10% but this requires 40% more wells.

I saw the same thing with Anadarko in another big competitor – if I have time and remember will post on Saturday…very clearly this basin is over at least for this competitor. They say they make earnings but completions go up and output does not.

The Baaken is also plateauing from other reports – same thing we can raise production but it is already getting more difficult as in Eagle Ford you need many more completions to get a given rise in output. If the oil price rises from here meaning up to 70 then it can fund more of these wells but otherwise it will drop production.

Every competitor is different – there are still players in the Eagle Ford that have untapped Tier 1 acreage and they can keep raising output…but to look at the basin as a whole you need to aggregate every producer…

I disagree that the Permian will be gassing out soon…i,e, is on the brink of gassing out…

How soon? Because I am not seeing this in the data. I saw a suggestion in will plateau in 2021 and that may be but I am not seeing this in the data…

SOME Permian players are gassing out this is true but it is more like it is becoming clear that they are outside of the best areas…

Of the 35 studied at least 20 are good areas and have the ability to raise production in a linear relationship with increased completions. Of these 20 there are only a few that can really bring in working capital now to raise production in the Permian at these lower price levels – XOM CVX RDS – maybe a few more – this is in my thinking part of the reason PXD cut costs is so they can grow and also buy back shares the bottom ten of these 20 cannot add more rigs now until they get first the free cashflow in the bank…so this will control growth going forward…but not because of gassing out…this is limits to finance…

BenTen @ https://www.investorvillage.com/groups.asp?mb=19168&mn=204107&pt=msg&mid=19447256

Cloggie on Wed, 22nd May 2019 10:41 am 



Farage may win EU elections, but will he win Brexit?

https://www.independent.co.uk/news/business/news/british-steel-collapse-insolvency-administration-job-losses-scunthorpe-a8924821.html

“British Steel collapse: Thousands of jobs at risk as firm becomes ‘first major Brexit casualty’”

We’re talking up to 25,000 employees here.

Insolvency experts labelled British Steel’s demise as the “first heavyweight casualty of Brexit” and warned of a “tsunami effect” that would result in taxpayers footing a significant bill.

Why is British Steel in trouble?

It has been struggling with falling orders from European customers, which it says are linked to uncertainty around tariffs on steel after Brexit.

Cloggie on Wed, 22nd May 2019 11:02 am 



Macron is right:

https://www.theguardian.com/politics/2019/may/22/macron-wants-to-avoid-brexit-polluting-eu-after-31-october

“Macron wants to avoid Brexit ‘polluting’ EU after 31 October”

There is no reason to assume that British politics will ever find a way out of this mess. The country is split in the middle, with a small majority in favor of Brexit, but a majority against a no-deal Brexit, for very good reason, because it means an outright economic amputation.

The EU will not renegotiate with anybody in the UK, but the EU has the power to conclude the mess, the UK started, but is unable to complete itself.

As a last “act of goodwill” the EU should say NOW:

– You have until October 31 the time to sign.
– There will be no further extension.
– There will be no renegotiations.
– If you don’t sign before October 31, a no-deal it is.
– Not paying the divorce bill agreed upon, means a blockade.

Robert Inget on Wed, 22nd May 2019 11:11 am 



I keep harping on short unhappy lives of these
tight shale rock wells. Lots of gas, quite limited
oil. As of today most of the gas ‘gassing out’
is flared. When a person sees those waste-gas fires it really looks exciting. It should be depressing.

New pipelines need be laid to aforementioned
shale wells. At $2.75 however, few are interested
in helping the overall economy at risk of loss of one’s own.

Saudi Arabia at one time had trillions of gallons of
water buried under their sand. In a dozen years all that water went to growing alfalfa and cotton, two
really thirsty crops.
The Saudi didn’t do much better managing oil.
Indications are KSA’s wells are going the way of all that old water.

Unlike our little shale boomlet Saudis done already flared off almost ALL of their gas and are turning to the US for cheap NG to run desalination
and electric plants.

I’ll repeat that: Saudis are contracting with US
pipelines to BUY low cost LNG.

1) This is a huge tell.
While our shale wells are running out of oil but not
gas, Saudi gas gone means Saudi oil left town.
Buying gas SA have been flaring for fifty years
should be a huge tip-off.

2) This is what ‘Peak Oil’ is all about. End times.

Not so much our tight rock. Few really expected those wells to keep producing (oil) forever.

3) Witness: the age of gases in upon us.
Bio-gasses, refinery gases, ‘natural’ gasses.

4) Gases heat homes and factories. Soon gases will generate electric power and hot water on
snowy, rainy, cloudy days and nights when solar
sleeps.

5) Gasses might power your stand-by generator
if the grid goes down. Or, charge the electric car.

Davy on Wed, 22nd May 2019 11:11 am 



“British Steel collapse: Thousands of jobs at risk as firm becomes ‘first major Brexit casualty’”

Continental Steel firms are not doing that great either clog but you haven’t looked lately have you?

Cloggie on Wed, 22nd May 2019 11:19 am 



The chaos in the UK is complete:

https://www.dailymail.co.uk/news/article-7057115/Cancel-vote-Mays-close-allies-beg-dump-doomed-Brexit-plan.html

“’She needs to go’: Now May’s Cabinet ministers line up to face the PM in private meetings as MPs demand she quit TODAY amid fury at disastrous Brexit Bill second referendum promise”

Pushing pm May out will solve exactly nothing.

The betting is now open as to where a civil war will start first: in the US or UK?

https://www.theguardian.com/commentisfree/2019/mar/27/theresa-may-brexit-civil-war-crisis-parliament

“May’s exit won’t halt Britain’s slow drift into a kind of Brexit civil war”

https://www.express.co.uk/news/politics/1109776/brexit-news-uk-civil-war-wetherspoons-tim-martin-project-fear-boris-johnson-theresa-may

“Brexit has left UK ‘in the grip of CIVIL WAR’, warns Wetherspoons founder Tim Martin”

https://spectator.us/britain-civil-war-croissants/

“New York Times: Britain on verge of civil war, send more croissants”

Macron’s EU army will get a lot on its plate. On a positive note, we can always bring in the Russians.

#InterestingTimes

Robert Inget on Wed, 22nd May 2019 11:28 am 



Just in; Trump won’t do infrastructure unless Democrats stop looking into his finances.

Walks out of talks with Democrats.

Impeachment next?

Robert Inget on Wed, 22nd May 2019 11:38 am 



Almost NO Americans know or care about Brexit.
Few Americans can name one of their two Senators. Who is Vice President? Name one country bordering the US?
Think a ‘civil war’ is being impolite.
I could go on.

GB will stumble on. Hold a new vote on being European of just dumb Brits.

Robert Inget on Wed, 22nd May 2019 11:46 am 



George Conway says it Best.

““.@realDonaldTrump—fixed this for you,” Conway wrote. “Without your bizarre, improper, impeachable, and ILLEGAL behavior in response to the perfectly justified investigation you like to call a ‘Witch Hunt,’ and without your deranged behavior in numerous other respects, your poll numbers, especially because of the great, full-employment economy that you inherited and then goosed up with massive deficit spending, would be much higher than they are.”

“Too bad! The most unfit and incompetent president in American history,” Conway concluded.

your poll numbers, especially because of the great, full-employment economy that you inherited and then goosed up with massive deficit spending, would be much higher than they are. Too bad! The most unfit and incompetent president in American history.https://t.co/Cs662ishnH

— George Conway (@gtconway3d) May 22, 2019

Davy on Wed, 22nd May 2019 11:57 am 



“The chaos in the UK is complete”

It will be nothing like when the EU dissolves. that will be a shit show!

Davy on Wed, 22nd May 2019 11:59 am 



“Impeachment next?”

Great way for the dems to lose 2020.

Cloggie on Wed, 22nd May 2019 12:03 pm 



“GB will stumble on. Hold a new vote on being European of just dumb Brits.”

I’ll take that as a compliment Bob, means a lot to me.

PM May about to be “Chamberlained”:

https://www.dailymail.co.uk/news/article-7057115/Cancel-vote-Mays-close-allies-beg-dump-doomed-Brexit-plan.html

“Is this the END for May? Cabinet ministers including Javid and Hunt demand the PM drops her Brexit referendum promise as rumours sweep Westminster that Tory fury could force her to to quit TONIGHT”

Davy on Wed, 22nd May 2019 12:04 pm 



“George Conway says it Best.”
George Conway is a fat luntic. LMFAO

“Too bad! The most unfit and incompetent president in American history,” Conway concluded.”
Better than the evil lying Hillary you dumbass liberals allowed on the ballot. What a bunch of screwed up minds. Own Trump because you created him. Maybe this is why the dems are so bat shit crazy these days. They can’t believe they created a monster.

“your poll numbers, especially because of the great, full-employment economy that you inherited and then goosed up with massive deficit spending”
He inherited debt too bob don’t forget wars too.

Bob, it must suck seeing your side go down the drain. That’s what you are a “my side your side person”. You can’t think middle ground. You are a washed up old liberal like so many on this board that come here to whine.

Cloggie on Wed, 22nd May 2019 12:07 pm 



“It will be nothing like when the EU dissolves. that will be a shit show!”

Everybody seems to lustfully observe how their neighbours are falling apart, or seem to do so.

https://documents1940.wordpress.com/2018/06/11/cw2-brewing/

Anyway, we all seem to agree that the West has its best days behind it.

My plan B is PBM.

What’s yours?
Inquiring minds yearn to know.

Davy on Wed, 22nd May 2019 12:13 pm 



“My plan B is PBM.”

Your plan B is a greatly devalued guilder.

“What’s yours? Inquiring minds yearn to know.”

my permaculture farm.

Davy on Wed, 22nd May 2019 12:15 pm 



Did I mention I’m voting for Tulsi (liberal) in the next election?

dumbass liberals