Member Info for adoubleuk

Diver69,

"Seawell is a well intervention vessel and a twin Bell Saturation vessel capable of both at the same time. That's what makes it unique. The dive system is up and running, but not required by Hurricane"

Given your 'pseudo' I'll take your word for that, and thanks. Rather surprised that the dive function hasn't been ripped out of the boat and replaced with ROV, though. Maybe not cost-effective to do so now: she's getting on a bit. Quite a unique vessel in many ways, nevertheless.

DC,

"The AHTS booked for PBLJ look pretty heavy duty. More than necessary for the tow? Any thoughts?"

Hmm. See what you mean! :-)

LV is just a 'standard' AHTV. But OZ is far more than that. In fact a rather odd choice for a tow. But of course it's pretty much a 'spot hire', so a question of availability and price offered.

Wouldn't want to speculate further for now. Things will (maybe) become clearer when we see where the rig's heading to first.

Jockbob,

"I thought Seawell was dive support vessel."

Sorry, you're way wrong on that, and if anything I've heard from friends is halfway right, all the dive kit has been torn out and replaced with ROV stuff instead. Which makes sense.

Nevertheless, 'Seawell' was never just 'diver support'. A pretty unique thing at its time, and still one of few capable of doing what she does. Which is probably P&A -ing the Halifax well right now. No sweat, because we've known for ages that futher work there will be a new well, not re-entry of the old one.

littlened,

"Yes this is a huge shock to the economy,essentially caused by the response of Govt,s to combat the spread of the virus.But it is a monetary shock not a systemic one and the solution has to be monetary,which is why Govt.s are substituting public funds for the loss of private capacity.Provided the various world authorities do this sufficiently and comprehensively the economic consequences should be reasonably short lived."

I beg to differ with your opinion.

What I see is 'the system' rocked to its roots, maybe about to fall over.

Genghis,

As you'll have noticed, I haven't filtered you yet! Because you're a 'poster' I've respected in the past, and still do.

"My view is that this shock is much bigger than te events you mention, and the damage more long lived. How far that translates into long term behavioural change is unknowable. We'll prolyl need a couple of years to find out, I guess."

And yes, I agree with you 100% on that.

Ten days of 'lockdown' is already hard. It's going to be prolonged. It'll drive people mad. We don't know the outcome.

People are stressed.

But please don't take out your frustrations on this BB by suddenly badmouthing Hurricane, just because you've found it 'necessary' to sell, for whatever personal reasons.

MakinHay,

Amongst a lot of 'dross' posts I've read today, I missed yours. With a lot about horse-racing and so on.

But you wrote this:

."The one big thing I learned early on was that, as well as wins..you MUST take losses. There is no such thing as a bad profit, and a small loss is better than a big loss. "

And a BIG 10-4 to that!

I'm not a gambler, as such, even if being a shareholder in O&G AIM is 'risky. And also, I sometimes get the p*** taken out of me on this BB because of my poker-playing. But it pays the rent, even if it ain't the sort of money I made when still active in the oilfield.

But your phrase nails it, applicable to almost any activity, be it oilwell drilling, poker-playing, or share-investment.

Don't concentrate on maximising the winnings, but instead on minimising the losses...

daltry,

"Have you all got some new disease? Chill dudes...FFS !"

I was wondering, myself.

Maybe it has somethingto do with this...

https://www.youtube.com/watch?v=g3X3rKtruSg

Genghis,

"I notice that for all the hostility and disbelief here, no one has actually challenged my view of the economy generally, or the oil market in particular."

I haven't yet hit the filter button yet for you, but it's close.

As regards 'the economy generally', I haven't looked at your own opinions particularly, nor at any 'economists', but simply followed gut-feeling. Which is the 'worldwide economy' is in crash-dive, and this covid thing isn't going to help the people commuting from Acton into the City to prop it up.

The 'Oil Market' is what it is. And also it's what runs the world's financial markets. HUR is just a tiny (but rather beautiful) bit of it. But don't confuse HUR for Shell.

JAdam,

Don't know how you managed to do that. I thought I typed quick.

Post of the year.

"Why do you think so many financial institutions employ them?"

So they can fire them, when they're wrong.

Having discovered how the 'filter button' makes reading this BB for real stuff easier, I think I'm going to add Ghenghis to the list. He's obviously taken some kind of terrible financial 'hit' somewhere, and is putting the 'blame' on Hurricane.

Sorry Ghenghis. Thought you were made of sterner stuff than that, but obviously aren't. 'Green Box' for you.

Genghis,

"Nor have I been doing any trading ; not my bag. My legacy position here is underwater, and now is not the time to trade out of it."

Oxymoron

" I don't intend to keep posting about my share activities"

So please stop doing so.

"If anybody here seriously thinks my prognosis wrong critique it. My view is that of an overwhelming majority of economists, and of an increasing no of oil analysts, and, I think, an increasing no of oil industry executives. In most of my posts I have provided links to sensible sources. If you want to ignore that, just bcos it is negative, that's up to you."

What is your 'prognosis', please, Ghenghis?

"But people who shoot messengers end up with flawed judgement ; ref the Fuhrerbunker, or, come to that, the current WH."

Meaningless twaddle.

Oh well. Another one bites the dust. Fertiliser-mine investment goes rock-bottom, house maybe flooded-out, and a car on the never-never. Shame.

Genghis,

It is with respect to you, because I used to take you seriously, but now no longer can.

Others here remarked upon your recent 'negative stance', whereas you seemed previously to be very 'pro-Hurricane'.

More recently you've posted that you've sold, to a great extent. OK, that's your business, and whether you now feel it was a good idea is your own affair, as well.

But posting a link to a thing spreading 'negative sentiment' and which requires a subscription to read is pushing things too far.

I think someone on the 'Seawell' must have been a bit hasty punching the destination into the AIS. Looks like she may be over 'our' Halifax, after all, and not the one in California.

'Basket-Case'

" Yes, I do the 2 miles in 27-28 minutes."

Hey! You posted your message about going out for your run at 11:27.

And you're now back, posting at 12:59. After your run, dragging your missus along, who someone says is 109 years old?

I suspect there's some 'economy of truth' going on.

'Basket-Case'

" Yes, I do the 2 miles in 27-28 minutes."

Hey! You posted your message about going out for your run at 11:27.

And you're now back, posting at 12:59. After your run, dragging your missus along, who someone says is 109 years old?

I suspect there's some 'economy of truth' going on.

"There is no specific treatment, cure, or vaccine for hantavirus infection."

Good. Hope the guy who died from it on a bus in China passed it on to others.

daltry,

a 2-mile 'speed-walk'? For a man of your age? You must have a good dealer. And taking the missus along? Remember to stay at least two meters apart...

'Longwait',

"And in future, Double, I expect to be referred to as plain LONGWAIT. Pas de virgules inversées, s'il vous plaît!"

Your wish is my command, oh Dread Liege.

daltry,

"Back into my basket !"

You hadn't told us about this. 'Longwait' has already explained about the deep-freeze he inhabits (though seems to emerge from it frequently, of late), but we didn't know about your basket. Is it one of those big wickerwork hamper-like 19th-century ones that posh families might take for a picnic, or what? Given your 103 years, it might be possible. But also, taking your age into consideration, isn't climbing in and out of it a bit wearisome?

May we now address you as 'basket-case'?