Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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''Seawell is currently sat less than a mile off the AM if that means anything to anyone''
I'm sure it means something to someone (within HUR office) but I am a million % certain it is not there to conduct a full blown Lincoln Crestal P&A as has been previously intimated by some.
sorry Pisces I have so many green boxes popping up these days that I have no idea which fool dreamt that up and suggested it was even operationally possible :)
Does it really warrant an 11% drop in SP? There will be very strict procedures in place to prevent further spread and they are still pumping!!
Buy opportunity imo
I bet "old lucky" (HUR) is the only work place where someone gets CV and it ends up as an article!...FFS..starting to wonder if someone has put voodoo on it
Pisces21,
"I’m sure any further AIS update will show her tucked in close to AM."
Now that really IS odd.
'Cos when I looked, having read your post, it showed a position about 38 minutes old, over Whirlwind. Now I've looked again, same position, but saying 'position last reported' as being more than 21 hours ago!
Huh?
'Shipwatching' is getting difficult, these days.
But I think you're within eyeball distance, so will take your word for it, and ignore Marinetraffic for the rest of the day.
Of course, maybe the Seawell (appropriate name!) may be alongside the FPSO doing an emergency evacuation of the entire covid-19 infected crew. We might learn more via 'EnergyVoice' later on. Or on Twitter, or another such reliable news source.
Longwait,
"The French prefer croissants, n'est-ce-pas?"
I'm NOT French! Just happen to live in their country. Continuing something laughingly referred to as the 'Hundred Years War', but which isn't over, yet. A 'peaceful invader'.
For breakfast I prefer 'pain aux raisins'. More calories than croissants, and less greasy.
I’m sure any further AIS update will show her tucked in close to AM.
Morning Divecentre. That was a great piece of advice you gave me yesterday...Not to do any research...just jump in blind or eff off. Decided to put this one on the back burner for now. Have a lovely day!
Pisces21,
"Seawell is currently sat less than a mile off the AM if that means anything to anyone."
That's odd. Because her AIS position (39 minutes ago) puts her about ten miles away. Over Whirlwind, I believe.
Seawell is currently sat less than a mile off the AM if that means anything to anyone.
"Reckon a certain someone might have humble pie for le petit dejeuner."
Seems rather heavy to me.
The French prefer croissants, n'est-ce-pas?
LONGWAIT .... Macron just announced to expect a surge over the coming days in France, which will probably have a effect on the 17pc you speak of.
BTW... I am right to say the "active cases" which in the UK is near to 11000 have all been tested.
Dubliner,
"Reckon a certain someone might have humble pie for le petit dejeuner."
Duly consumed. See below for proof.
https://www.youtube.com/watch?v=-gWqrP30YXQ
https://finance.yahoo.com/news/exclusive-russia-calls-enlarged-opec-090241165.html
In all probability the AM has a summer shutdown of 2-3 weeks already planned in. Most operators have this, as there are maintenance jobs that need doing that can only be done when production is shutdown. This activity normally has a couple of production operators as 'shutdown coordinators' and their job for 6-9 months is to coordinate all jobs that need to be incorporated in this summer shutdown period.
The longer the AM can keep going to get closer to this shutdown period the better, but conversely I'd bet the shutdown coordinators are also looking at what jobs could be done 'early' should the summer shutdown period be brought forwards
Shut down production. Staying where it is now, in the basement, is good storage, and cheap. HUR operate a skeleton staff.
Minimize cash burn.
One HUR employee contracts CV and the share price falls by one pence when other oil stocks are stable.
I wonder what would happen if twelve more fell ill.
Meanwhile, South Korea's recovery rate has been soaring, and is now approaching fifty percent, and in France, although the fatality rate jumped yesterday, the recovery rate has reached nearly 17 percent, which also suggests that recoveries are outpacing new fatalities.
Maybe, but which of the OGA license extension requirements do you want to see relaxed?????.
I think the P&A is going ahead, but may be wrong. I think that they may give a years extension on the GWA commitment Well. We have till Dec next year to drill the GLA well so unlikely this will change.
I believe they need the commitment wells for Field Determination at some stage prior to any FiD on any FFD but no rush for that given the current craziness.
All IMO and quite possibly completely wrong on all counts.
Aquae ,one would think ?that the weakest
fall over first and we have £150 million
un restricted cash.
yet
I have one question, in the worst case scenario where oil storage reaches saturation point and oil tankers are utilised as temporary storage facilities, how will offshore oilers offload their produce?
https://www.theguardian.com/business/2020/mar/25/oil-price-may-fall-to-10-a-barrel-as-world-runs-out-of-storage-space
Could possibly be, certainly worth keeping an eye on her movements over the next week or so.
"Don’t be surprised to see a second one. ;-)"
Petroatlantic ???? Due at Nord -West Olleittung on 10.04
http://www.jade-dienst.de/fileadmin/user_upload/Bilder/hafenbericht/hafenbericht.pdf
Is it possible that with the potential for the OGA relaxing the HUR licencing requirements that HUR may end up profiting from this unprecedented situation.
I certainly hope so as us LTHs are due some luck .
Stay save all.
Don’t be surprised to see a second one. ;-)
Merci encore Amaja .... question interessante...