Member Info for Diver169

Who has a Kettering phone directory available? Councillors:- S Lynch (Chair), D Soans (Deputy Chair), L Adams, A Davies, T Freer, C Moreton, M Rowley, L Thurland and K Watts

He says there is 7 on the panel, so we should have an outcome, but it depends what they propose I guess!

Following share tip who is in the meeting, he just tweeted update!

On the move 17% up???

the first three months of 2015 were down 75% on the previous quarter, the Scottish Conservatives have said. The Scottish government's quarterly national accounts show that the amount received in tax receipts between January and March was £168m. This was down from £742m oil revenues in the final three months of 2014.

Brent, the international benchmark, also fell to its lowest since March 2009, touching $45.10 a barrel.

48.94% is a great start to the rerate.

Let's see if we can close above 12p then that gives us a platform to build on over the coming month. GLA

So what % dilution is that? It looks like a rerate is on, is 15p possible as word gets out on the recovery? GLA

My average is 27.6, I got caugh in the frenzy that month! If it keeps showing promise I will average down soon. I can see this back up there if we continue to progress. Great start to the year, the board are working hard to make this turnaround a success. A name change might help to loose the stigma attached to PPI. GLA

Summary and outlook CPP has made significant progress in the first half of 2015. Securing new equity funding and restructuring of the Group's debt has provided the business with a stable financial platform, and the initial focus on swim lanes will ensure that we generate the necessary momentum and cash runway upon which to build a future. This is a new beginning for CPP. Under a new and motivated leadership team the business has started to take actions that will shape the long-term future development of the Group.

Wood Group has been awarded the front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam; estimated to contain around 67 million barrels of oil equivalent. Wood Group Kenny (WGK) will carry out comprehensive flow assurance studies and full FEED engineering of the subsea system and structures, risers, flowlines, and power and control umbilicals. The work on the subsea FEED will be carried out from WGK’s Kuala Lumpur office and supported by other WGK Asia Pacific offices. This follows the award of the top tensioned riser (TTR) FEED contract for design of the dry tree production/injection and drilling riser systems. The WGK Houston office, a centre of excellence for dry tree riser system engineering, will carry out the engineering for the tension leg wellhead platform (TLWP) supported riser systems.

16 drilling campaign According to Cairn, the firm 2015/16 drilling campaign will consist of the following sequence of wells: The first appraisal well, SNE-2, is in the Sangomar Deep Offshore block, 3km north of the SNE- 1 discovery. SNE-2 is a Crestal well in a central location in the heart of the field. SNE-2 will spud in Q4 2015 and is expected to take approximately six weeks to drill and core and a further four weeks to test. The second appraisal well, SNE-3, is on the Southern Flank and is expected to begin in Q4 2015/Q1 2016. This well will test the southern extent of the field and will help to delineate the shape of the structure and define the aerial extension to the south. Cairn noted that this is a key well to establish deliverability and the full potential of the field. The third well, BEL-1, is an exploration well which is also planned to be deepened as an SNE appraisal well and will start operations in Q1/Q2 2016. This well will test the Bellatrix prospect and also evaluate the Northern Flank of the SNE field.

Oil services firm Wood Group has cut 5,000 jobs this year as the fall in the price of oil has hit profits. Pre-tax profit for the first six months of this year was $160.2m (£102.9), down from $233.3m a year earlier. Total revenue was down almost 20% at $3.1bn. About 1,000 jobs went in the UK, 3,000 in the US and 1,000 in the Middle East. The Aberdeen-based group employed some 40,000 workers in December last year. The group announced in February that it would be cutting jobs to cut costs.

Any thoughts on how low this could go? Sub 130?

The Indian government and Cairn are now required to negotiate to seek a resolution to the dispute. If there is no agreement, an international arbitration panel will adjudicate. Simon Thomson, chief executive of Cairn Energy, said the new bill is "very disappointing" after regular engagement with the Indian government over the past 14 months. "Cairn has consistently confirmed that it has been fully compliant with all relevant legislation and paid all applicable taxes in India and we are confident of our position under the UK-India Investment Treaty," he added. New wells He also raised wider concerns about the Indian government's treatment of foreign investors in the country, implying that this case will damage the country's interests. "Since the election of the BJP, senior government ministers have consistently commented on the negative impact the issue of retrospective taxation has had on international reputation and investor sentiment towards India," said Mr Thompson. The heightening of the dispute came hours after the annual results showed Cairn's loss last year fell to £252m - less than the previous year. In its annual results, it announced plans to drill at least three new wells in Senegal, West Africa, this year. The exploration firm has no revenue because its focus is exploration work. However, it reports a cash balance of £576m, which analysts said puts it in a solid financial position ahead of expected first sales in two years' time.

Image: Pemex - West Pegasus in the Gulf of Mexicozoom Image: Pemex - West Pegasus in the Gulf of Mexico Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement International for field development in Mexico’s Gulf of Mexico waters. According to Wood Group’s press release, the agreement, valued at up to $28 million, encompasses deepwater and complex shallow water concept and basic engineering, and owner engineer services. Work will be performed by Wood Group Kenny and Wood Group Mustang and will comprise field development planning and engineering of topsides facilities; subsea umbilicals, risers and flowlines (SURF); and floating systems.

UPDATE 1-ENOC secures support for Dragon Oil takeover with improved offer Sun, 2nd Aug 2015 14:24 (Adds quotes) LONDON, Aug 2 (Reuters) - Emirates National Oil Co Ltd (ENOC) on Sunday raised its takeover bid for Dragon Oil Plc to 800 pence per share, a price that won the backing of the oil producer's two largest minority shareholders. ENOC said in a statement on Sunday the increase had won the support of the required majority of Dragon oil shareholders and declared the offer its best and final bid. ENOC had previously bid 750 pence per share. Dubai-based ENOC, which owns 54 percent of Dragon Oil, needed acceptance from another 23 percent of the company's shareholders for the takeover to go through. It said it had achieved 29.92 percent shareholder acceptance and intended to delist the firm shortly. "With the level of acceptances now received, we have declared the offer unconditional in all aspects," said ENOC chief executive Saif Al Falasi. The statement included endorsements from the new offer from large minority shareholders Baillie Gifford and Elliott Capital Advisors. "We are now pleased to support the revised offer of 800 pence, which we believe represents an attractive exit price," Baillie Gifford said. (Reporting by William James; Editing by Tom Heneghan)

Wood Group PSN staff About 200 Wood Group PSN staff are expected to lose their jobs About 200 jobs are set to go at oil services firm Wood Group PSN. It is beginning consultation with 750 workers on its Talisman Sinopec contract, following plans to move to a three-week shift pattern. Onshore and offshore posts are at risk among security staff, radio operators, riggers, pipefitters and welders. Earlier, Total confirmed it intended to follow companies such as BP and Shell in moving to a three-week shift pattern for its offshore workers. The oil and gas industry has been looking to reduce costs in the wake of the oil price downturn. In April, Aberdeen-based Wood Group announced it was shedding up to 80 jobs, following a review of its operations. Two months later, the company said it was delivering savings "significantly in excess" of original cost reduction targets. Unions have raised safety concerns about workers being offshore for longer spells. In a statement, Wood Group PSN said: "We continuously review our resource requirements to drive efficiency and effectiveness in our service provision. "Wood Group PSN management is working closely with our employees impacted, the GMB and Unite unions."

(ShareCast News) - Carillion has been selected by the UK government for a new facilities management services agreement that could earn the company up to £4.1bn. The construction and outsourcing group said it is one of only three companies to be selected for all three lots in the agreement and in total; 19 suppliers have been selected for one or more of these three service lots. The government expects between £1.3bn and £4.1bn of services to be outsourced using the new agreement, which runs until July 2019 and replaces the current framework for facilities management contracts and Central Government Departments, Executive Agencies and Non-Departmental Public Bodies. The new scheme is intended to provide public sector customers with a simplified and more efficient procurement framework that will reduce timescales for accessing facilities management services. Chief Executive, Richard Howson, said: "We are delighted to have secured one of only three places on this framework agreement for all three service lots. Our selection further enhances our position as a leading provider of facilities management services to the public sector and should offer new opportunities to grow our UK support services business."