- published: 27 Feb 2017
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วีดีโอแนะนำบริษัท บางจากปิโตรเลียม จำกัด (มหาชน)
Keith Bush, chief executive of Northern Petroleum plc, has hailed news that partner and oil giant Shell is launching a local engagement programme ahead of submitting an environmental impact assessment (EIA) at the Cascina Alberto project in northern Italy. "We are very pleased that Shell is taking this forward because there are a number of competing exploration opportunities out there." Bush is eyeing the end of April for the EIA to be submitted.
Faroe Petroleum Plc (LON:FPM) shares could see 100p in the coming months according to technical analyst Zak Mir. Mir, in a Tips TV segment for Proactive Investors, says Faroe’s recovery from lows of 20p in 2016 up to nearly 75p today would reflect the company’s good fortunes as well as the improvement in crude prices over a similar period. Having rebounded from the ‘bear trap’ in February, Faroe shares hit a key indicator in April when it crossed the 200-day moving average, he notes. He highlights that the share remains in an upwards trend and any dips back towards that average have been buying opportunities.
An oil refinery or petroleum refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas. Oil refineries are typically large sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units. In many ways, oil refineries use much of the technology of, and can be thought of as types of chemical plants. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot (tank farm) at or near an oil refinery for storage of bulk liquid products.
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Savannah Petroleum PLC (LON:SAVP) chief executive Andrew Knott speaks to Proactive following the announcement they've signed up a drill contractor and are expecting to start new wells in the first half of this year. The ‘letter of award’, appointing contractor Great Wall Drilling Company Niger, sets out a programme of at least three new wells, with the option to expand drilling for a further six wells.
Keith Bush, Chief Executive of Northern Petroleum Plc talks about the exploration project in Italy – Cascina Alberto, Northwest Alberta, Canada. Bush says, “The Company’s aim is to produce 2000 to 3000 barrels of oil per day” and adds, “Though production growth is primary, the exploration in Italy is really company changing”.
Keith Bush, chief executive of Northern Petroleum Plc (LON:NOP), says the company has had “quite a good break-up period” which has meant the company has maintain production levels in a traditionally difficult period. He tells Proactive Investors the expected annual spring thaw which causes wet and difficult road surface conditions, usually lasts a month, but “this time round because it’s been so dry it has only lasted a couple of weeks”. Net production averaged 449 barrels per day between April 1 and April 18, before operations were restricted, and Bush says the production levels mean Northern will be getting the deposit it laid down with the Alberta energy regulator back in July or August, allowing it to conduct further work with the additional capital.
Subscribe to our channel http://bit.ly/AJSubscribe We have produced more plastic in the last ten years than we did in the whole of the last century. Plastic takes 100 years to degrade, which means that every single piece we have not recycled still exists. Many of the plastic items we throw away can be recycled into new products -- but some types, known as 'end-of-life' plastics, currently have no second life and end up in landfill, where they can release hazardous chemicals into the environment. How to deal with these plastics is one of the most pressing questions for businesses and local authorities. Technology company Cynar is giving these waste plastics one more life by turning them into synthetic fuel at their plant in Portlaoise, Ireland. Using a process called pyrolysis, plasti...
Faroe Petroleum PLC’s (LON:FPM) chief executive Graham Stewart tells Proactive Investors that the recent acquisition of five offshore Norwegian assets represents a “giant step forward” for the North Sea oil firm. “[The acquisitions] are very significant for us indeed. They’ll double our production more-or-less and they’ll add a third to our proven reserves.” The acquisitions were funded by a recent over-subscribed placing, and Stewart says the new assets and recent cash influx will help to fund and develop existing projects too. Speaking about Brexit, Stewart feels that, in the short-term at least, Faroe stands to “come out on top”, given that most of its revenues are paid in US dollars, while most costs are in sterling.