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31-10-2008, 04:58 PM
#6871
Member
Originally Posted by bermuda
Yep, money down the drain. Plans are to pipe it ashore via the Maui field.
B, the question came up at the Auckland Investor Presentation and DS's response was that it is reducing - the implication was that the Maui connection wasn't financially viable. The government seems to be the major beneficiary from Tui - perhaps they should return some of their tax take to compensate for changes in political stances? Now can you see Cullen doing that?
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31-10-2008, 06:09 PM
#6872
Member
heres a question:
why cant they park a lng tanker ship or something alongside the umaroa to collect the gas?..... too expensive?
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31-10-2008, 06:18 PM
#6873
Member
what about a floating gas fired power plant with floating power pylons back to shore?
or a floating gas to methanol production ship..........
ok...... crazy ideas.....
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31-10-2008, 06:46 PM
#6874
Member
Originally Posted by neopole
what about a floating gas fired power plant with floating power pylons back to shore?
or a floating gas to methanol production ship..........
ok...... crazy ideas.....
Oh, bring on the crazy ideas, Neopole, you never know when one might pay off.
However, I do know that liquifying natural gas is a hugely expensive thing to do, like billions of dollars, and not the kind of thing you can do on a small scale on a ship. But there is a good international market and demand for it.
What if NZOG and partners find heaps of gas off Canterbury and the oil shortage gets worse - could be viable then maybe.
Cheers, Lion
P.S. go NOG! up 21c in the last 2 weeks
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31-10-2008, 07:07 PM
#6875
Originally Posted by Lion
Oh, bring on the crazy ideas, Neopole, you never know when one might pay off.
However, I do know that liquifying natural gas is a hugely expensive thing to do, like billions of dollars, and not the kind of thing you can do on a small scale on a ship. But there is a good international market and demand for it.
What if NZOG and partners find heaps of gas off Canterbury and the oil shortage gets worse - could be viable then maybe.
Cheers, Lion
P.S. go NOG! up 21c in the last 2 weeks
Hi Lion,
Great news. The IEA is about to announce ( someone leaked it and they ain't happy ) that the world's oilfields are in a natural decline of 9.1% !!!! Far out. For the IEA ( who have had their head in the sand for so long ) to come out with this,, it is alarming.....Only a few years ago they were saying that Peak Oil was a myth.
This huge news for all oilers and whilst it will take a while, oil prices are going up. The world is finally waking up.
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31-10-2008, 07:43 PM
#6876
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31-10-2008, 07:55 PM
#6877
Member
Peak Oil
Hi Bermuda
Thanks for early warning on oil decline. This could really set the cat amongst the pigeons as until now it has only been individuals who have claimed production is in decline.
I presume the 9.1% figure is per decade, as anything faster wuld be catastrophic.
Cheers
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31-10-2008, 08:18 PM
#6878
running of the bulls in Spain cancelled....
http://hydrogendiscoveries.wordpress...l-investments/
hey sumnerned,
No its 9.1% decline per year...
catastrophic, yes....
Recession will dampen this but markets are near lows.. (perhaps a double bottom or slight over shoot from lows)... but markets wont fall past that...
its just not possible... I will explain all in the 2009 general market out look and overview thread...
We had the warning signs when oil hit 140 US...
This will come back, and it will come back stronger...
We did not learn from the Asian Financial Crisis...
We did not learn from the (near) oil shock this year...
History repeats itself huh...
Bushs crude answer to $140Us barrels of crude was... "we will drill more wells"...
Crude dude.... 'we will drill ourselves out of it'...hahahaha...
Man, they will drill to China before they realise that mistake...
There are some too good too be true oilers floating around...
I seriously mean that... NZO is one of em...
NZO should be buying these other too good to be true oilers with Cash...
'brown paper bag' money...!....
catch yous all up...
yeahh ahhrrrghghhhhh...
We are going to ride a red bull (each), outta this bear market...
running of the bulls in Spain will be cancelled..
.^sc
Last edited by Crypto Crude; 31-10-2008 at 08:23 PM.
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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31-10-2008, 08:48 PM
#6879
Originally Posted by 777
Thanks 777,
An historic bookmark of some significance.
We know not what we do.
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31-10-2008, 09:49 PM
#6880
Member
EIA upset that numbers got out before they could massage them
IEA, that should read in the title
Originally Posted by bermuda
Thanks 777,
An historic bookmark of some significance.
We know not what we do.
For reference, lets just quote here the articles from the Financial Times: Frontpage::
World will struggle to meet oil demand
By Carola Hoyos and Javier Blas
Published: October 29 2008 02:00 | Last updated: October 29 2008 02:00
Output from the world's oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.
Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report, the World Energy Outlook, a draft of which has been obtained by the Financial Times.
The findings suggest the world will struggle to produce enough oil to make up for steep declines in existing fields, such as those in the North Sea, Russia and Alaska, and meet long-term de-mand. The effort will become even more acute as prices fall and investment decisions are delayed.
The IEA, the oil watchdog, forecasts that China, India and other developing countries' demand will require investments of $360bn (£230bn) each year until 2030. The agency says even with investment, the annual rate of output decline is 6.4 per cent.
The decline will not necessarily be felt in the next few years because demand is slowing down, but with the expected slowdown in investment the eventual effect will be magnified, oil executives say.
"The future rate of decline in output from producing oilfields as they mature is the single most important determinant of the amount of new capacity that will need to be built globally to meet demand," the IEA says.
The watchdog warned that the world needed to make a "significant increase in future investments just to maintain the current level of production".
The battle to replace mature oilfields' output could even offset the decline in demand growth, which has given the industry - already struggling to find enough supply to meet needs, especially from China - a reprieve in the past few months.
The IEA predicted in its draft report, due to be published next month, that demand would be damped, "reflecting the impact of much higher oil prices and slightly slower economic growth".
It expects oil consumption in 2030 to reach 106.4m barrels a day, down from last year's forecast of 116.3m b/d.
The projections could yet be revised lower because the draft report was written a month ago, before the global financial crisis deepened after the collapse of Lehman Brothers.
All the increase in oil demand until 2030 comes from emerging countries, while consumption in developed countries declines.
As a result, the share of rich countries in global demand will drop from last year's 59 per cent to less than half of the total in 2030.
This is the clearest indication yet that the focus of the industry on the demand - not just the supply - side is moving away from the US, Europe and Japan, towards emerging nations.
Investment is key, Page 8
Last edited by sideline; 31-10-2008 at 10:02 PM.
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