'Palm' pid='30011' datel Wrote:Yes but we also know PNG is not keen on being the first try try new things. They talked big talk with both FLNG and modular but they backed off of both quickly because they want the sure thing of a more traditional project. IOC is just fine with EA and other prospects time-wise. Hession knows what he's doing. This is a bit alarmist I'd say. Besides it being in the very early stages of study (in the US shale technology studies began in the 70s and early 80s) Japan recently announced that environmental issues have to be looked at. They are starting a 7 year study on that issue. Besides that what Japan comes up with already is being seen as not working elsewhere. India and China already know their geology is different enough that they will have to come up with their own technology. Besides that Japan is looking at this more to replace coal it is now burning not so much NG. Besides that this concerns methane which environmentally is far more "dangerous" than CO2. To say the least this is as much a threat to IOC as the meteor that might hit the earth in 2032. Anything on Wahoo yet, or is this the beginning of that analysis? Hope you find time this weekend once the day job is done for the week.
I think gas prices outside the USA are safe for a good while. But I've work in technology and for a long time. I'm more and more amazed by what I see and the pace at which it is occurring. Very smart people who work all day on predicting global production and demand completely missed this. "Alarmist"?....perhaps. My job DNA is to find risks and threats and prevent bad outcomes. I did some light reading on the potential for shale gas onshore in Austrailia, an untapped area as far as I know. I would keep an eye on that one. Yes I have heard that China shale gas is not working out as hoped, so that helps delay/avoid some downward pressure. I suspect PNG may not want the FLNG because the shipe can ship off and leave the country if things aren't well. That would be a great lever to have where politics are not stable. Plus the construction is done elswhere, cutting them out of a lot of that opportunity. Not sure what you mean by methane being "more dangerous than CO2." As a greenhouse gas yes. But methane is the 95+% of the content of natural gas produced from oil and gas wells. When combusted in power plants it emits about half the CO2 as does coal. Flaring of natural gas which is mostly methane is now illegal in a lot of petroleum basins and/or greatly restricted and regulated. So I don't see it being dangerous. My understanding is that the biggest global methane pollution source is flatulence from mammals.
Have started to review past presentations to learn more about Wahoo. Could you please direct me to the best source for data on that? I'm not seeing much so far. Thanks. Kaliboo.