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I am sure JW will be looking to close FID asap, Be interesting what comes of the FSRU project (is it VITOL? are they going to fund it?) and ofcourse that £1.6mill will come in handy about now :-)
post 2 of 2.
...'The AMC is rapidly becoming a major marine support and oil and gas fabrication cluster in the region," Mr O'Hare said.
BAE Systems’ site is located directly alongside the AMC’s Common User Facility with its State Government funded common use infrastructure.
It has direct waterfront access, a construction and prefabrication hall with a combined capacity of more than 7,000 square metres, and approximately 10 hectares of lay down space.'
Absolutely superb !...JW going down a path he has trodden before........the bloke is a genius !!
GLA !!!
From Spud's link..
'Australian Facility Upgrade to Support Oil and Gas Market Expansion
7 Aug 2011
HENDERSON, Western Australia - BAE Systems will upgrade its waterfront facilities in Western Australia to deliver new services supporting Australia’s offshore oil and gas operations.
The company will invest more than AUD $8 million in its Henderson, WA, facility. Phase one of the upgrade will facilitate an increased range of commercial vessel support and offshore fabrication opportunities.
The expansion was announced today during the 2011 Offshore Europe exhibition in Aberdeen, Scotland.
BAE Systems Australia’s Maritime Oil & Gas General Manager John Wood said the company already provided services to the oil and gas sectors from several international sites, including the USA.
“Our entry into the Australian market therefore represents a logical extension of our global capability.
“During the past decade, the company has produced more than 100,000 tonnes of complex steel structures in Australia primarily in the naval sector and we are keen to transfer this expertise to clients in the oil and gas sectors.”
New works to be undertaken at Henderson include extension of rail lines, upgrading the main construction shed to include a new blast and paint area, refurbishing of the vessel turntable, yard sealing and a new office complex.
When complete, the 14.5hectare site will be capable of simultaneously handling a larger volume of vessels concurrently, and some of the largest and most specialised structures and modules in use in the oil and gas market now and in the future.
Mr Wood said the company would target fabrication opportunities including subsea structures, pipe spools, manifolds, risers and modularised processing facilities.
“We are also keen to expand our ability to maintain and modify a range of offshore support vessels such as supply and drill ships, and construction barges.”
The Henderson facility already possesses the largest Ship Lift in Western Australia, capable of lifting and transporting structures in excess of 8,000 tonnes.
Western Australian Department of Commerce General Manager, Marine, Defence, Oil and Gas, John O'Hare welcomed the announcement as a major vote of confidence in Western Australia's strategic position in oil and gas services.
"BAE Systems expansion is an endorsement of the State's decision to form a cluster of significant marine, defence and resources fabrication and support industries at the Australian Marine Complex (AMC) supported by State government investment in common use infrastructure.
The AMC is rapidly becoming a major marine support and oil and gas fabrication cluster in the region," Mr O'Hare said.
BAE Systems’ site is located directly alongside the AMC’s Common User Facility with its State Government funded common use infrastructure.
to be continued
Great research
Radders. Those are the protestors with secret holdings who've been caught out by their brothers in arms!
I find it hard to fathom why an individual investor would be selling such small amounts after such substantive news.
Both articles make good reading. Great strategy....safe pair of hands...all systems go from this point!
https://www.baesystems.com/en-aus/article/australian-facility-upgrade-to-support-oil-and-gas-market-expansion
Took BAE Henderson from 80 employees to 1500 in 18 months.......
Definitely knows his way around a shipyard
http://www.allenbycapital.com/research/research-infra_16_429119999.pdf
From Twitter.......
Julian Smith MP
Verified account @JulianSmithUK
Sep 30
Yes! Fantastic news. Massive team effort from @InvestNI @GRobinsonDUP and unions - with tx to @BorisJohnson for support much more to come
What do I like here:
1)support from the PM
2)"much more to come"
Did someone fart??!
Agree completely, any protesters thinking that a couple of crabs are going to stop this from going ahead are on another planet
Speedy
That thought process seems to make a lot of sense. JW joining the dots.
That's our Johnny.
SP will go into orbit when equity/debt funding details released, once Stormont has kick started marine licence process and the good ship INFA sets sail from Belfast docks with three sheets to the strong wind !
The world is only a month away from total recession.
Watch this space.
Text from my last post (yesterdays) Belfast Live article:
A Stormont permit giving the green light to a project at the centre of plans to save Harland and Wolff has not yet been granted, it was confirmed yesterday.
The Department of Agriculture, Environment and Rural Affairs confirmed a marine licence has still not been approved for a gas storage project off Islandmagee in Co Antrim.
InfraStrata, the firm behind the project, plans to store around 450 million cubic litres of gas in vast caverns beneath the seabed close to Larne.
Chief executive John Wood says the “acquisition [of Harland and Wolff] will enable InfraStrata to bring in-house a large part of the fabrication requirements for the company’s Islandmagee Gas Storage Project”.
HOWEVER THE PLANS HINGE ON THE GRANTING OF THE MARINE LICENCE.
In my opinion the Marine licence is already a "done deal" and here's my logic, it's so simple:
Why would you save H&W only to have it fail again a couple of months later when the Marine Licence is denied? NI and UK Govs would have serious questions to answer re: incompetence and DD. Plus having to face PR disasters larger than the "saving the company" news. Especially at this sensitive time with Brexit and slowing economies. That would be a lot of "egg on the face" all round! Even worse than Farages milkshake and that got a lot exposure!
No, JW, true to his word has laid out the milestones. He's on a schedule. Vitol is waiting, employees are waiting, Governments are waiting, other projects are waiting, hell, even shareholders are waiting!
Invest NI, UK Gov, Unions, H&W all got together with JW, took his carrot and said "YES" let's make this happen..........
The headline tells it all.............decent article too!
https://www.belfastlive.co.uk/news/belfast-news/harland-wolff-work-gas-storage-17014469
Can only be good news Shell are investing in more gas for the future. I wonder where they can put it????
Getting down and dirty like all plumbers do! LOL
https://en.m.wikipedia.org/wiki/Samson_and_Goliath_(cranes)
Samson and Goliath will have plenty of nipples to grease imo
Spud, plumbing the depths of depravity as usual ;-}
Now thanks to dear Spud we are for once today at last hitting the spot .??..very relevant to the necessary plumbing and other skills needed in our new gem ...no,folks,not plunging to new depths just having a bit of a laugh ...sorely needed sometimes with the politics of the day overshadowing our "majestic"???? Acquisition this week !!
Why oh why, as a non shareholder here, would you wish to post that here? Are you looking after our investments now.......do you care so much?