Wouldn't it be ironic if msar did a full circle and ended up back with BP?
Stranger things have happened.
I see A55 is still projecting HIS feelings onto others. I think I may have got a previous post wrong. I thought A55 ran a nursing home, but it sounds as though he is actually a resident in one. Nurse, please increase his medication.
Botak I saw your comments this morning and have noticed others expressing concern about the price of oil, particularly in the context of marine use. The concern seems to be, if oil is cheap why would Maersk, or any other carrier, bother with MSAR2?
Surely the answer for any major carrier is that they will whilst ever it gives them a competitive advantage over other container fleets, they will want to use it. That market is highly competitive with Maersk seemingly one of the most profitable companies. I recall a year or two ago they were prepared to spend a few $million per ship adapting the bow, as it produced a marginal efficiency, that paid back the cost of the conversion well within the ship's lifespan.
What is of concern is that a company that is clearly as cost conscious as Maersk doesn't seem (from my position as an outside observer) to be pushing this forward with any urgency. I hope I am wrong and that we will have an announcement soon.
To repeat the point, I don't think the price of oil is that important to the the QFI concept, it is the competitive advantage it will give Maersk, or a Refiner or a power station viz a viz its competitors in that sector.
DPE, morning, agree with comment, but Longhead is an irrelevancy, he doesn't answer challenging questions-that is, if he has the ability- so he is just a legend in his own mind, like a couple of others on here.
Morning Sam/JPM/DDL/BP/BertyW, get the prayer mat out this weekend .....please.......
My comments with regards as to why a GOM have not previously developed an emulsion fuel are probably shared by many investors.
However I have built up a very large holding which if QFI do the business and deliver as I believe they will, will allow me to enjoy my retirement in splendid luxury.
Hiring a new refineries manager at this stage of the game rings very positive to me as to another door is perhaps opening with perhaps one or more refineries showing interest in MSAR.
With IR saying they are seeking partners and clients permission to realise news of considerable progress bodes well, but I don't want another set of delayed timelines, I want to hear about installation of an MMU, not too bothered about the actual name of a GOM even though it would be nice for them to put their name in print.
We're getting closer and closer and closer, just want to stuff a sock down Longhead the shorters mouth.
DP E do I detect doubts from you on the launch of MSAR on to the World scene ? IMO ,,we would have come across a viable alternative by now as many posts have touched on this subject over the years and the sp would have crashed ( that's not to say there is not potential competition out there ), QFI have been hiring engineers and sales type bodies for a while now, there wording to reply,s has seemed on the surface to be positive, so in the bigger picture progress is on course BUT they would have to portray that sentiment From yesterday,s CNN interview with some ( in the know ) O & G Guru,the medium term outlook for oil is bleak in deed and in particular my industry sector of Offshore Construction is being hit hard, So cost savings on bunker fuel now does not seem that Big a deal, So we are left with the environment / regulations and engine friendly benefits aspect of MSAR,, is this enough for Maersk to adopt ? as for Saudi,,, well wont hold my breath on that one,,, that's for sure BP keep a shine on that Crystal Ball
Opec will I think decide to cut production as Saudi are quickly using up their foreign reserves and need a high oil price to stem this bleeding. Ecuador produce oil at $39 a barrel and sell it at $30 a barrel. Ouch!!
Yes nice news, and have taken some profit first thing with a little more to come I hope later today. Has funded the Rugby World Cup tickets which were eye watering expensive, but free now :)))). Now then QFI what about it !!!!
Just as a note like everyone else I have know who maersk use for there bunkering of there ships but I am keeping an eye on the coaster that refuelled the soroe maersk on the first initial trial why back in 2011 and then the Seago Istanbul back 2013 that took part in POC trials. Hopefully they might use it again once that all elusive contract has been signed here’s hoping ;-)
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