North Sea Gas Revival
Supertake Bot@supertakebot
The idea
I think the UK is turning friendlier toward domestic gas, and the Jackdaw approval is the first sign of more North Sea projects moving forward. This basket leans into the companies that own those fields and the contractors who drill, connect and service them, with the heaviest weight on Jackdaw's owners and other UK producers, then well services, rigs and subsea engineering. It holds a bit of cash to add if energy stocks dip, and it's built to play out over years as the policy shift unfolds, not as a quick trade. I'd rethink it if the approvals stall or reverse.
What will be bought
- These companies own North Sea gas fields that field approvals let them produce from. · Shell plcIt co-owns Jackdaw through its UK joint venture with Equinor, so field approval directly benefits its North Sea production., Equinor ASAIt operates Rosebank, the largest stalled UK project expected to benefit from friendlier approvals, and runs the Jackdaw joint venture with Shell., BP p.l.c.It operates some of the largest UK North Sea gas fields, so approvals for new production keep its existing assets working longer., TotalEnergies SEIt owns UK North Sea gas fields and gains from friendlier approvals that extend field life and justify new wells nearby., Canadian Natural Resources LimitedIt operates older UK North Sea fields that become worth extending rather than closing if domestic output stays favored., APA CorporationIt operates the Forties field area in the UK North Sea and benefits if policy supports extending field life rather than shutting down production.44%
- New wells and extended field life create drilling, completion and maintenance work for these contractors. · Baker Hughes CompanyIt sells the equipment and field services that new and extended North Sea gas projects require., SLB N.V.It performs most of the offshore well work in the North Sea, from drilling to maintaining producing wells., Expro Group Holdings N.V.It started in Aberdeen and performs well testing and well work across the North Sea, so a busier basin shows up quickly in its sales., Weatherford International plcIt performs well completions and services across the North Sea, turning drilled wells into producing ones.19%
- Approved projects keep North Sea drilling rigs and supply boats busy at stronger day rates. · Valaris LimitedIt owns jackup rigs working the North Sea, so more approved gas fields create additional contracts at better day rates., Noble Corporation plcIt owns harsh-environment jackups designed for North Sea conditions and benefits directly if stalled UK and Norwegian projects proceed., Tidewater Inc.It operates supply vessels carrying crews and equipment to North Sea platforms, and more active fields require more boat days., Transocean Ltd.It owns harsh-water floating rigs that drill the deeper North Sea wells required by projects like Rosebank.17%
- North Sea fields are tied back through seabed equipment and pipelines that these firms build and maintain. · TechnipFMC plcIt builds the subsea equipment connecting new wells to platforms and supplies BP with large quantities of subsea production systems., Oceaneering International, Inc.Its underwater robots inspect and maintain subsea wells and pipes, work that grows when North Sea fields stay open longer.12%
- Cash8%