Hossein Nemati

An Oil&Gas exploration engineer and geoscientist, understand data and interested in learning about markets! data is right but human interpretations might not

[Hossein Nemati @NematiMH]

@RazorOil Sometimes maximizing recovery somewhere else in the reservoir might be better than producing from those zones, unless you have a good reason to do so by increasing pressure without risking cap rock integrity!

[Martin Pelletier @MPelletierCIO]

Hey look a province happy to have the benefits of energy infrastructure.

[RBN Energy (A Novi Labs Company) @RBNEnergy]

Canada rig counts have turned the corner on spring break up by rising in the most recent week. How fast will they recover this year? https://t.co/GkcDLw5mHo

[Hossein Nemati @NematiMH]

@ericnuttall Still, some believe that the key to profitability is to focus only on operational efficiency at the expense of ignoring a better understanding of the subsurface! There should be a balance between both.

[Martin Pelletier @MPelletierCIO]

What are you worried about?

[Hossein Nemati @NematiMH]

@NuggetCapital @SheDrills nicely summarized it with this post: https://t.co/DMSffzajNf

[Christine Guerrero @SheDrills]

Gasoline demand down, diesel demand up

[Hossein Nemati @NematiMH]

@RyanShull1 These are for 3D seismic data acquisition and need to be high density. Also, every few years they go back and acquire data with similar parameters to monitor SAGD performance and progress of steam chamber in the reservoir(4D seismic monitoring)

[Hossein Nemati @NematiMH]

@Hotdogremix I’d go with Appalachian and Anadarko basins, very interesting with potential and good data coverage…

[Martin Pelletier @MPelletierCIO]

Which Canadian ski hills offer the biggest bang for your buck.

[Hossein Nemati @NematiMH]

Meanwhile in Canada, with significant reserves, some are trying to oppose it!

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

🇳🇴Norway Doubles Down on Oil and Gas

After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025.

Norway’s oil and gas investment is expected to total around $22.9 billion this year, marking an all-time high, according to the country’s statistics office. The previous record was $20.4 billion in 2014 when oil prices were very high and companies were still spending heavily on new oil and gas projects.

The Scandinavian oil superpower is expected to continue investing heavily in fossil fuels in the coming years.

Oil and gas companies operating in Norway expect to invest an estimated $24.68 billion in 2025.

The group surveyed 14 companies, including Equinor, Aker, Vår Energi, ConocoPhillips, and Shell, representing almost the entirety of the country’s oil and gas output.

Companies plan to commence drilling on 45 exploration wells in Norwegian waters in 2025, an increase from 41 this year and the highest level since 2019.
(Source: Oilprice)

[Hossein Nemati @NematiMH]

@andrew_leach So, what’s the recommendation here Andrew? Should we give up on LNG?

[Hossein Nemati @NematiMH]

@RyanShull1 You bet!

[Hossein Nemati @NematiMH]

@RyanShull1 I can build a 3D model(Por and SW) for you if you have the software license and digital logs available from some wells(the more, the better). Then you can have a better idea of what’s the driving mechanism and whether injecting water from bottom is a good strategy!

[Hossein Nemati @NematiMH]

But we were told that we don’t need to explore anymore!

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

$E Eni fires up €100mn supercomputer in race to find oil and gas reservoirs

Italian energy giant Eni is firing up the world’s most powerful supercomputer outside the US this Christmas as it races rivals to build the technology infrastructure needed to better explore for new sources of oil and gas.

Built at a cost of more than €100mn, Eni’s new machine, HPC6, will be switched on in the small Italian town of Ferrera Erbognone, population 1,140. It contains almost 14,000 AMD graphics processing units: high-powered chips used to perform complex calculations and run artificial intelligence processes.

Its job will be to crunch data to discover new oil and gas reservoirs, as well as to perform calculations to advance clean energy.

While oil companies have been using supercomputers to interpret seismic data and model the behaviour of oil and gas reservoirs for years, they are now also increasingly using AI to do everything from creating digital twins of their assets to generating hundreds of different options for how to drill oilfields and where to place their wells.
(Source: Financial Times)

[Hossein Nemati @NematiMH]

@LauraBabcock As long as programs designed to tackle homelessness(or even joblessness) have an inherent conflict of interest, this will continue and might get worse. The compensation model needs to be changed from per person SERVED to per person SAVED!

[Hossein Nemati @NematiMH]

Even if not used as source of energy, they will be used as raw material.

[Bjorn Lomborg @BjornLomborg]

No, fossil fuels won't end soon

Today, world gets 81% of its energy (not just electricity) from fossil fuels, down from 82.8% in 2010 and 81.2% in 2000

On current trends from 2010, we get to zero in 2401, four centuries from now

On current trends from data start in 1971, we get to zero in 2905, nine centuries from now

https://t.co/FJdmpt7SvK

[Hossein Nemati @NematiMH]

@ericnuttall Eric, with all due respect, being bullish on all in this sector doesn't work anymore. Just winners & losers depending on assets & operations. IMO, some companies need highly technical & experienced people at this point to improve efficiency & margins until the next growth cycle.

[Hossein Nemati @NematiMH]

@BubleQe Maybe, I need to update myself a bit on both… thanks for sharing your thoughts!

[Hossein Nemati @NematiMH]

@NuggetCapital I noticed that some residential names broke down at the day government announced big changes to immigration system, which I think was Oct. 24, and dropped further since then. The first positive sign for me would be to see a bounce back or some sharp rallies at least…