George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
My sources in the Rotterdam harbour tell me that she carries 56.000 tons of crude oil which is the equivalent of 455.000 bbls. I got this info from a very reliable source and crossed checked the information with a second person in the right position.
This time, I will not divulge my (external) source as I have the feeling that someone is trying to put a lid on it. However, the wheelings and dealings in the Rotterdam harbour are far away from Surrey, let alone Aberdeen.
Perhaps Hurricane will corroberate the info at some stage, but probably not before months to come.
Ha, ha, Albi I am a 71 year old male by all accounts!
I have not yet caught (!) up with Stobie's comment but am about to listen in.
Indeed, it was me who collected and happily shared this information.
Should the next cargo end up again in Rotterdam, I will do my best to obtain and share the size of the cargo!
What I missed in to-days info and Q&A's is the question whether HE have hedged the price of oil for say 50% of the expected volume in the year(s) to come! Nevertheless, a very good CMD!
Interesting to see all those mathematicians at work…. converting tons in barrels of crude oil….
For those interested in early morning web came viewing: the Amundsen Spirit will enter into the harbour to-morrow morning around 05.00 Dutch time and is expected at the quay no later than 08.00. She will now berth at de Maasvlakte Olie Terminal (partly owned by BP) instead of TEAM (as reported earlier).
Good luck erveryone.
The captain of the Amundsen Spirit has communicated to the Rotterdam Harbour agencies the following information concerning her cargo:
47.389 tons of crude oil which is apparently the equivalent to 356.429 barrels of crude oil (from Lancaster).
Is this precise enough?
Indeed, a pity that no volume was communicated in to-day's RNS, but there may be ways to substantiate the 350.000 boo which I communicated yesterday.
The AM is due in Rotterdam Thursday, at the crack of dawn (as per AIS) and will be piloted into the harbour in the course of the morning. Surely, the draught of the vessel will tell a factual story. I will try to communicate the ETA later to-morrow, as Vopak's website is not always up-to-date. There are plenty of webcams so that you can watch yorselves from your "splendid isolation". Will almost certainly go to Rotterdam harbour to watch for myself. Will also try to speak to some folk who have informed knowledge of the cargo volume. Will keep you posted!
I just talked to the operator of the Amundsen Spirit and I can share the following information with you: ETA: the vessel is due in Rotterdam on 20 June 2019 at 15.00 hrs (you can check the Vopak website yourself). Place: TEAM Terminal Rotterdam - Jetty 2 (one of the largest oil terminals). CARGO VOLUME: 350.000 bbls (as per operator)
Sounds to me like some very good news!!
Good luck everyone.
The reported draught of the AM is still 9,4 meters. Can anyone explain how that reconciles with the assumed storage of x hundred thousands barrels of oil?
Well before the platform arrived at the Stella field, Ithaca sold forward 50% of its projected oil from that field. Given the relatively high price of oil, would it not be prudent for HUR to do the same?
Mayby they have, but so far I have never seen any mention of a forward sale, nor by HUR, nor on this board.
Any views?
There she goes. Arrival at midday tomorrow
Quote from the Dutch Financial Times: The Netherlands must draw lessons from the present disarray in British politics about Brexit"
Accompanying cartoon depicting 18th century vessel on a sea of waves, flying the Union flag concludes: The waves rule Britannia....
Hm, thought that was rather funny, but maybe not so.
After two failed attempts, for whatever reasons, it is quite clear that the AM needs a quiet weather window for at least 24-48 hours to hook up. The good doctor has grossly underestimated the required time span in an earlier interview. Not surprisingly as he is not a technician but an eminent geologist. Indeed, not his usual "under promise and over provide", which is a pity now that everyone on this and other boards is awaiting this landmark. So, another week of patient waiting is to follow.
What a massive load of comments these last few days, but unfortunately very little factual information. Not surprising as we are all standing at the side lines.
Indeed, a pity that last week no successful hook up materialized and I feel that RB understated the technological complexity in his famous interview that only 6 hours of calm weather was needed. This may be true if all works 100% well, but the slightest problem may multiply this time window many times. I really don't know.
What I do understand and fully concur with is the flight for shelter for the storm of force 10-11 which is brewing up for Monday. Very, very sensible and professional to avoid this risk completely. This is also in line with what RB has said all along: we go safety and low risk options.
Wednesday next appears to be a day of benign weather; thereafter no good. By sniffing around the bouy last week I hope for a successful hook up. If not, then we will have to wait a couple of more weeks. No swet!
I guess the turbines won’t start. Almost fully dark now. Fed up and going home now.
Sorry for this!
AM looks like a Christmas tree now. However still tied to the shore with six lines.
Tugs still kissing the hull. Apparantly lots of checks going on. I guess she Will Sneek out of Rotterdam in full darkness What a pity!
From what I can see is flare stack OK. No more plastic casing.
Ons shore line now loose. Wight crew storing at it. This may take ages and dusk is setting in Quickly.
All seems Bert complicated
Am in full view now of the AM. Two tugs getting ready.
Quote misty through. Hurry up guys iT is soon getting dark
Just spoke with Shore Tension. They confirmef that the AM
Will be detached from the quay this afternoon at 15.30 (was originally ordered for 08.00).
Not much more I can do to verify the correct sailing time!
Might be getting too dark for the webcams by the time she passes Hoek van Holland. But those in Maassluis might do. I Will be there and watch. Good luck all.
Indeed, they keep changing the departure time. This has now been ordered for 15.30 (half an hour later than website).
Will call again to-morrow