Jet Black said:

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Anyone buying NIO at $35?

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I did before open this morning

yeesh, that doesn't look good

https://www.newshub.co.nz/home/world/2021/03/evacuations-after-massive-explosion-at-balongan-oil-refinery-in-indramayu-indonesia.html

looking at this BBC article this morning and the refinery in google earth, it looks like it was primarily a tank fire that was primarily isolated from the main body of the refinery.
https://www.bbc.com/news/world-asia-56560826

comparing the pictures in the article, it looks like it was just these 4 northern tanks located at:
-6.372939, 108.383446


lucky (or maybe by design) for the refinery they were pretty isolated from the rest of the storage.

Well, if it is a relatively new-ish refinery and they followed either API rules or World Bank rules, there was a reason for setting things back.

Something about the US (and other countries) having the same issue in the past and us (the industry) learning a lesson.

~egon

Has anybody here worked with Amazon for anything relating to oil and gas?

Joseph Parrish said:

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Has anybody here worked with Amazon for anything relating to oil and gas?

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We resell the fuel card they use for their fuel. Not directly through us but essentially the same product.

Read they were going to electric.

A decent number of O&G use their cloud technologies (AWS)

CrazyRichAggie said:

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That's interesting. Any idea how much production opec still has shut in?

Reports say ~7 million BO/D. I think that's the sum of production cuts minus increases for OPEC+. I don't think that accounts for any decline from the date of initial cuts, which is likely substantial if the countries have been cutting development and maintenance spending.

Joseph Parrish said:

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Has anybody here worked with Amazon for anything relating to oil and gas?

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I worked with them on setting up Amazon business accounts and developing spare part material catalogs with various vendors that could be hosted on their platform.

CrazyRichAggie said:

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Who is Walter Bloomberg? I see his tweets used a lot. Seems like he pretty much just states facts vs opinion...

I don't really know to be honest. Some guy I follow on twitter with 260K followers. Tweets out world news, politics, stocks, etc.

Rumors of a possible PXD acquisition of DE3

gigem1223 said:

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Rumors of a possible PXD acquisition of DE3

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Very interesting, especially since they just acquired PE. Source?

Hearsay at this point but sources are generally reliable. Curious if anyone has heard anything similar?

gigem1223 said:

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Hearsay at this point but sources are generally reliable. Curious if anyone has heard anything similar?

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If a premium is attached the market will hate it.

DE3 is private, so harder to distinguish if there's a premium.

Geez man, Cody has this game down pat.

Ulrich said:

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Joseph Parrish said:

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Has anybody here worked with Amazon for anything relating to oil and gas?

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We've had potential clients ask whether we use AWS for some of our services because they are afraid of getting locked out if Amazon goes after oil and gas.

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Yeah, they are definitely getting into oil and gas. I'm just not sure exactly how much yet.

Joseph Parrish said:

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Ulrich said:

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Joseph Parrish said:

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Has anybody here worked with Amazon for anything relating to oil and gas?

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We've had potential clients ask whether we use AWS for some of our services because they are afraid of getting locked out if Amazon goes after oil and gas.

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Yeah, they are definitely getting into oil and gas. I'm just not sure exactly how much yet.

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In what capacity?

PXD will still have to disclose the purchase price and production numbers are public data so it'll be pretty easy to determine.

Joseph Parrish said:

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Has anybody here worked with Amazon for anything relating to oil and gas?

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We use AWS for monitoring and data analytics, often through 3rd party programs (elastic), for instance.

Goose06 said:

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AustinAg008 said:

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PXD will still have to disclose the purchase price and production numbers are public data so it'll be pretty easy to determine.

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If you meant to say they will get pounded if they paid for a lot of undeveloped acreage value, I think everyone would agree.

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Correct. Which to probably make Apollo move for what they're in it for I would say PXD would be doing that.

Joseph Parrish said:

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Ulrich said:

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Joseph Parrish said:

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Has anybody here worked with Amazon for anything relating to oil and gas?

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We've had potential clients ask whether we use AWS for some of our services because they are afraid of getting locked out if Amazon goes after oil and gas.

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Yeah, they are definitely getting into oil and gas. I'm just not sure exactly how much yet.

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On the logistics side, here's a long ball: They keep buying more jets for their fleet. Depending on the route and local supply, I could see them taking a position in Sustainable Aviation Fuel as a greenwash for their increased reliance on air cargo. Anywhere from just paying for fuel delivered to the wing to having their own supply and trading group, or even just buying a production plant outright. Those same plants produce renewable Diesel to fuel the long haul freight that EVs can't match up with.

https://www.cnet.com/news/amazon-buys-11-more-jets-for-its-delivery-fleet/

Joseph Parrish said:

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Has anybody here worked with Amazon for anything relating to oil and gas?

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Not O&G but we leased timber to IP (thru Crown) for decades, and Amazon bought out the lease at what the manager said was a stupid premium. They want downstream control of their paper products.

This might be what is driving lumber prices up. Though I haven't seen one news outlet say Amazon is pulling trees bound for framing into boxes yet.

gigem1223 said:

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Rumors of a possible PXD acquisition of DE3

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Sounds like PXD didn't hold on to enough of the PE management to remember what a bad idea that was last time around.

$6 billion according to people close to the situation.

https://www.nasdaq.com/articles/exclusive-pioneer-natural-resources-nears-%246-billion-doublepoint-energy-deal-sources-2021

Damn. Double Eagle making a fortune off the Sheffield's....