Glad you appreciate the irony of a company named Bentley publishing a paper on FEED and PreFEED.
Perhaps if you read the LinkedIn CV you would have noticed that a senior chappy in Aibel is working hard and has been for several months....
""09.11 – present Aibel AS Position; Manager
09.14 – present Project: Bentley Project FPD Platform Client: Xcite (XER) Position: Sr. Construction Engineer Manager in Pre-Feed; London, Oslo and Haugesund, deputy Study Manager Duties: Ensure concept in Pre-Feed according to authority and governmental specifications, quality assure the concept. Develop Pre-FEED to FEED phase for area engineering structural, piping, marine, architectural disciplines Ensure that government regulations and specifications are followed and implemented. "" https://www.linkedin.com/pub/jan-erik-knutsen/2a/753/1b0?trk=biz_employee_pub
Are we led to believe that you think that after signing the MoU's all the companies involved do not do one single piece of work on the project .. ??
Rivendell666, it seems you've been google searching for 'Bentley Pre-Feed'. Two results you've published on this board, a professional profile of someone involved with Pre-Feed and now a software company who advertises their Pre-Feed product and coincidentally uses 'Bentley' as their business name.
The companies you've mentioned have only signed memorandums of understanding, which are described as setting out the principles of further arrangement, not 'working away at it' as you describe. If they are working away at it, who pays for it ? Any examples ?
They are not contrary statements. Just as good news can lift a stock, more good news doesn't necessarily continue the rise. The key is understanding the expectation, then the response. It's called discounting. What you need to understand is why rig count drops led to the initial strong oil price rise, then why the further drop didn't extend? It's partly due to the fact that the oversupply, that's a major part of this problem, still exists. You could argue the market was wrong to rise so much on rig count falls, you remember? But I wouldn't necessarily agree, because I think oil was taken too low, too quickly. Fear gripped the market, so a good bounce on perhaps any reasonable news was to be expected.
Rig count data was not so obviously relevant when prices were good. They have now become important because they effect pricing sentiment. I think I prefer the stockpile numbers, but both are seen as important at present. It may seem irrelevant to XER but it isn't, because we are currently negotiating finance and a recovering POO will clearly help this process.
Why don't you go away and compose all the questions you want to ask me, then post them all in one post. It will save cluttering the thread up with off-topic nonsense? I'll be back later to answer them all.
The rig counts are setting the dynamics for forward oil prices, I think the demise of numbers will start filtering through to lower production later in the year.........
We will see.
Despite what many have said about OPEC having lost their clout I couldn't disagree more. They will make sure oil prices are back to their desired area one way or the other..........and they are quite prepared to use their huge cash reserves to fund the black-hole it presents to their fiscal requirements in the relative short term.......
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