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The development represents a rare challenge for Icahn who is accustomed, as one of the pioneers of shareholder activism, to dressing down companies over their governance and transparency, but has not had to field such criticism himself.
The Lixus licence covers an area of approximately 2,390km
2 , 30km north of Chariot’s existing Moroccan acreage, with water depths ranging from the coastline to 850m. The area has been subject to earlier exploration with legacy 3D seismic data covering approximately 1,425km
2 and 4 exploration wells, including the Anchois gas discovery.
The Rissana licence covers an area of approximately 8,476km
2 and will completely surround the offshore boundaries of Chariot’s existing Lixus licence which contains the Anchois Gas Discovery, as well as covering the most prospective northern areas of the previously held Mohammedia and Kenitra licences.
The Barreirinhas Basin, Brazil, sits on the conjugate margin of Côte d’Ivoire and Ghana, with successful drilling campaigns in recent years indicating an analogue for significant hydrocarbon generation. Whilst relatively underexplored, the shallow water wells in the basin have encountered excellent quality, oil-prone source rocks modelle
Capital Link virtual conference panel Both owners and analysts see a positive path ahead for the product tanker market in 2021, particularly in the second half of the year.
Lead shipping analyst at Jefferies Inc., Randy Giveans wrote in his recent research report on the products sector: “We believe refined products tanker rates are on the road to recovery, especially in the latter half of this year as inventories are worked down and markets normalize post Covid-19.”
A panelist at Capital Link’s early March International Shipping Conference, Tony Gurnee, the CEO of Ardmore Tankers set the stage for the session, putting 2020 in context, saying that “Net, net it was a rollercoaster but net, net a good year”.