Most popular tweets in exploration in November 2019
1. Kees van der Leun’s tweet on sale of Australian bonds by Sweden’s central bank over emissions
Kees van der Leun, director at Navigant, a management consultancy firm, tweeted an article on sale of bonds issued by Queensland and Western Australian governments by Sweden’s central bank due to high greenhouse gas emissions. The bank previously sold holdings of bonds in Alberta tar sands assets.
The sale is part of the bank’s new investment policy aimed at reducing investments in assets that have a large climate footprint.
Sweden's central bank dumps bonds from Western Australia & Queensland (coal) and Alberta (tar sands) over high emissions. https://t.co/vpY6dl2SfE
— Kees van der Leun (@Sustainable2050) November 16, 2019
Username: Kees van der Leun
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Twitter handle: @Sustainable2050
2. Anas Alhajji’s tweet on ban on fracking
Anas Alhajji, an energy markets expert and author, tweeted that the bans being imposed on fracking. He opined that high oil and gas prices should not be denounced if fracking is being banned.
Anas noted that ban on fracking is a political decision and should not be mentioned in relation to OPEC oil politics or Russian gas politics.
If you ban fracking, you do not have the right to complain about high oil and gas prices.
Banning fracking is a political decision. You cannot complain about OPEC oil politics or Russian gas politics.
Now go buy Chinese solar panels! pic.twitter.com/OS89X2DJL5
— Anas Alhajji (@anasalhajji) November 2, 2019
Username: Anas Alhajji
Twitter handle: @anasalhajji
3. Nick Young’s tweet on oil exploration ban in New Zealand
Nick Young, head of communications and programme engagement at Greenpeace NZ, tweeted about the need to ban oil exploration completely. The tweet was in response to OMV’s, an Australian oil and gas company, plans to carry out high risk oil exploration in the Great South Basin offshore New Zealand.
— Nick Young (@nickofnz) November 17, 2019
Username: Nick Young
Twitter handle: @nickofnz
4. Russel Norman’s tweet on the need to avoid a climate catastrophe
Russel Norman, executive director at Greenpeace NZ, tweeted that in order to avoid a climate catastrophe burning of fossil fuels should be stopped. He noted that despite this OMV is planning to explore for more fossil fuels offshore New Zealand.
Greenpeace activists occupied an OMV oil support boat in Timaru New Zealand to halt the company’s plans, Russel added.
If we are to avoid climate catastrophe we can’t burn even half of the known fossil fuel reserves. Yet @omv are looking for more, in deep water off Otago NZ. That’s why activists have occupied OMV oil support boat in Timaru NZ for last 27 hours #climateuprising
— Russel Norman (@RusselNorman) November 24, 2019
Username: Russel Norman
Twitter handle: @RusselNorman
5. Ruth Hayhurst’s tweet on ban on acid stimulation in oil and gas industry
Ruth Hayhurst, a journalist, tweeted an article on the extension of fracking ban to acid simulation in the oil and gas industry. The article details how environmental campaigners are calling for a ban on the use of acid in the oil and gas industry following the recent moratorium issued by the UK government on fracking due to the risk of tremors.
Environmental campaigners raised concerns about the use of acid and harmful chemicals in the oil and gas industry, as being potentially hazardous to the environment and humans.
— Ruth Hayhurst (@ruthhayhurst) November 3, 2019
Username: Ruth Hayhurst
Twitter handle: @ruthhayhurst
6. Svein Tveitdal’s tweet on European Investment Bank’s plans to end lending to fossil fuel projects
Svein Tveitdal, an environmentalist and politician, tweeted an article on the European Investment Bank’s (EIB) plans to stop funding oil and gas projects by the end of 2021. The bank previously agreed to stop lending for coal projects in 2013.
The plans are part of the EIB’s climate investment strategy, which aims to fund only those projects that emit less than 25gm of carbon dioxide for every kilowatt hour of energy produced.
European Investment Bank ends lending to fossil fuel projectshttps://t.co/eEVPHhNKNW
EU finance ministers agreed to phase out EIB lending to unabated oil and gas projects, overcoming opposition from some member states in marathon board meeting pic.twitter.com/Z0yewagBXt
— Svein T veitdal (@tveitdal) November 16, 2019
Username: Svein T veitdal
Twitter handle: @tveitdal
7. Ed Crooks’ tweet on the drop in share prices of Chesapeake Energy Corporation
Ed Crooks, Vice chairman at Wood Mackenzie, tweeted an article about the falling share prices of Chesapeake Energy Corporation. The company was once considered as the second largest gas producer but its market value dropped after its founder Aubrey McClendon was charged with conspiring to rig bids for purchasing oil and gas leases.
Although several steps were taken to revive the company’s position, the continuing slump in oil and gas prices failed to improve cash flow. The company announced that it might not be able to continue as a going concern if oil and natural gas prices continue to fall.
Shares in Chesapeake Energy, once the second-largest gas producer in the US, have dropped again this morning: down 20% to a 20-year low. The company said on Tuesday it might might not be viable as a going concern if low oil and gas prices persist. https://t.co/sPBnytzUHg
— Ed Crooks (@Ed_Crooks) November 6, 2019
Username: Ed Crooks
Twitter handle: @Ed_Crooks
8. Marianna Párraga’s tweet on Brazil oil auction round
Marianna Párraga, a journalist, tweeted on how the Brazil oil auction attracted very few bids from oil companies. The oil round was the second auction to have generated lukewarm response from oil companies.
High prices and preference to state-run oil company, Petroleo Brasileiro (Petrobras), were considered as the reasons for the weak response. Only one block was awarded to Petrobras and China National Oil and Gas Exploration and Development Company (CNODC), a unit of China National Petroleum Corporation (CNPC), which submitted the lowest bid. The remaining four blocks in the auction did not receive any bids.
— Marianna Párraga (@mariannaparraga) November 7, 2019
Username: Marianna Párraga
Twitter handle: @mariannaparraga
9. Anas Alhajji’s tweet on crude oil quality in the Permian basin
Anas Alhajji shared an infographic from Pioneer Natural Resources that describes the crude oil quality of the Delaware basin and Midland basin within the Permian basin in the US. The infographic also notes that the Midland basin crude is of higher quality compared to the Delaware basin crude although the former is expected to account for lower percentage of growth by 2025.
Anas added that several oil companies have similar forecasts but when the total production figures are added, it becomes evident that the Permian basin does not hold enough oil to match the figures quoted.
Now look at the forecasts. All oil majors & permian names have similar forecasts. If you add up all, you realize that there is not enough oil in Permian to produce that much! pic.twitter.com/GUnTBiFs93
— Anas Alhajji (@anasalhajji) November 4, 2019
Username: Anas Alhajji
Twitter handle: @anasalhajji
10. Amy Harder’s tweet on Total’s exit from American Fuel & Petrochemical Manufacturers
Amy Harder, a journalist, shared an article on Total’s, an oil and gas company based in France, plans to exit the American Fuel & Petrochemical Manufacturers, a trade association based in the US. The differences over climate change policy, carbon pricing and development of renewable energies were cited as the reason for the exit by Total.
Total is the second company to exit from the group after Royal Dutch Shell in April 2019.
NEW: French oil giant Total leaving lobby group American Fuel & Petrochemical Manufacturers over climate policy, following Royal Dutch Shell's move earlier this year. https://t.co/VopiMOVcr2
— Amy Harder (@AmyAHarder) November 8, 2019
Username: Amy Harder
Twitter handle: @AmyAHarder