The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's bad that Simon is on holiday instead of representing nuoil along with Alison or someone from MFD for the EEEGR SNS19 conference. There are some big players and entrepreneurs amongst those at the conference and I would have thought the owner of companies like 3Sun and others would have a lot of interest and money to fund progression. If we are not represented I would like to know why not. Simon, I hope you are reading this.
2 for 1 on a placing more like.
MAPUTO, Mozambique – The government of Mozambique has approved the development plan for the Rovuma LNG project, according to Mozambique Rovuma Venture. This will produce, liquefy, and market natural gas from the deepwater Mamba fields in the Rovuma basin in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1. Area 4 is operated by Mozambique Rovuma Venture S.p.A. (MRV), an incorporated joint venture owned by ExxonMobil, Eni and CNPC, which holds a 70% interest in the Area 4 exploration and production concession contract. Galp, KOGAS, and Empresa Nacional de Hidrocarbonetos E.P. each hold a 10% interest. ExxonMobil will lead construction and operation of natural gas liquefaction and related facilities on behalf of MRV, and Eni will lead construction and operation of upstream facilities. The marketing effort for the LNG produced is jointly led by ExxonMobil and Eni. Sales and purchase agreements for 100% of the LNG capacity for trains 1 and 2 have been submitted to the government of Mozambique for approval, which together will produce more than 15 million tons of LNG per year. A final investment decision is expected later this year. The Rovuma LNG project partners will work to build the local workforce through focused recruitment and skills development. Ernesto Elias Max Tonela, Minister of Mineral Resources and Energy, said: “This is the third development plan approved in this five-year period to enable the sustainable development of the huge natural gas reserves discovered in the Rovuma basin and represents the government’s commitment to ensure the implementation of projects that will drive the development of Mozambique.
Nothing expected this week...the main man is on holiday. Research week again for us all!!
If not, ill be asking Simon again, why are we not connected to this group and presenting etc. Golden opportunities...petrofac, etc. https://twitter.com/oilandgasuk/status/1126836755041275905
Does anything ever look imminent apart from obvious raising of funds. #excitingtimesNOT
Was it a polite response?
Hit the nail on the head. I've wondered what would happen if certain engineering staff left MFd and were employed directly by Siemens. Maybe Siemens just want to ride the wave for a bit and see if this brings in extra business for them before committing to that level of owning operations? What if some at top jump ship to a new management set up within a new Siemens operation? I assume the current agreements protect us a bit against the stealing of intelligence?? Sad that whatever Nuog do...we lack trust of those at the top...just robbing .........s. Is Brazil just a distant memory like NF and Ireland along with the multiple marginal field projects across the world they are working on. Obviously we have that level of staff to do this and do it well...I think not. 2x minty.....that's two out of the equation for work. How many left? Simon? Alison? Keeping the faith...wind mind just blow in the right direction for us one day.
MUNICH/FRANKFURT: German industrial conglomerate Siemens is weighing options for its Gas and Power unit, carving out all or part of the business to prepare it for a potential stock market listing or a merger with a peer, two people close to the matter said. The business caters to the oil and gas industry as well as to power generators and distributors. The sources said Siemens' supervisory board may decide on a potential carve-out at a meeting on Tuesday and could present the plans at the company's capital markets day on Wednesday. Siemens declined to comment on the future strategy for the Gas and Power unit, whose gas turbines business has seen orders slump as utilities shift towards renewable energy sources. "The situation on the global market for fossil power plant technology remains unchanged. Siemens began tackling these challenges back in early 2015," a company spokesman said. Chief Executive Joe Kaeser has embarked on a strategy to simplify Siemens' operations by separating the conglomerate into what he has termed "a fleet of ships" which thrive under their own steam. The move is designed to enable the businesses to raise their own funds for acquisitions and investments as well as crystallising their standalone market value, removing some of the "conglomerate discount" that weighs on Siemens' valuation. As part of this push, Siemens listed its healthcare unit Healthineers last year. Siemens also has a separately listed renewable power business, Siemens Gamesa. Kaeser tried to combine its train segment Siemens Mobility with listed peer Alstom, but scrapped the deal earlier this year as antitrust concerns mounted. Analysts expect that Siemens will eventually opt for a stock market listing for the Mobility unit. Siemens has told investors that its capital markets day would focus on its Gas and Power, Smart Infrastructure and Digital Industries businesses, none of which have so far have been set up as independent companies. Gas and Power, headquartered in Houston, Texas, makes gear for oil and gas extraction and production, as well as gas and steam turbines and technology for power grids, including high-voltage transmission systems. The unit was set up weeks ago as part of a reshuffle Siemens' business units.
Roys, Where's the positivity gone you had after the AGM
Good question: when will you get a deal over the line? Typical answer: bla, bla, bla I'm not entirely sure what value this interview added to the company. All info was known.. Simon just stuttered on how will you fund and then remembered his strategic collaboration.
Just love these words from OGA, OGA chief executive Andy Samuel said: ‘We continue to focus on activities that create maximum value for the UK from exploration and efficient production all the way through to reducing decommissioning costs and enabling carbon capture. “We’re also now working substantial opportunities for offshore energy integration to support the energy transition.”
Great Britain's wholesale power market experienced a series of price shocks over the Easter weekend, said Cornwall Insight April 30, as once rare events came thick and fast. High levels of embedded solar generation reduced the need for grid-connected energy production, causing the minimum daytime demand to drop below the night time minimum twice over the period. Over the course of the weekend, GB also set a new record of 90 consecutive no-coal hours, as low demand levels and high renewables output were enough. The GB market also experienced the phenomenon of wholesale price collapse in action, particularly on Easter Sunday. Cornwall Insight's long-term power market modelling predicts many of these trends, under specific scenarios, will become more frequent in future, as more renewable generation comes online. “The Easter weekend has given us a glimpse into the future, as we move into a world with higher levels of embedded and intermittent sources of generation. With a large volume of wind farms set to commission under the contracts for difference scheme, we will see a higher requirement on the system for gas to act flexibly rather than generate baseload," it said. “A repercussion of these trends is that National Grid will increasingly need to instruct generators to turn down during the day. This could potentially result in negative system prices – a trend which is also becoming more prevalent. “Flexible energy providers, particularly storage assets, may find some positives from this trend. Increased volatility and more significant price differentials between periods of low and high demand will produce arbitrage opportunities. “This is something that will be welcomed by storage operators and flexible generation looking for revenues beyond National Grid procured services," it said.
Roys...are you saying LT
Interesting.. poor results issued by Aminix (another poor decision) and SP drops, response director buys more...come on BOD...hands in pocket time.
Only ones who need that are MINTY clan, Graham, Alison, Simon and the BOD team... Its past your bed time...night night
Still getting my head around the reason for a .70 to .30 drop on a small shitty placing. Me thinks this stinks at times. All the recent RNS showing collaborations had little or no effect. AIM needs better regulation.
SP Fall back ...oh dear..its Nuog.
This includes GTW.
Dr Andy Samuel, Chief Executive of the OGA said: ‘We continue to focus on activities that create maximum value for the UK from exploration and efficient production all the way through to reducing decommissioning costs and enabling carbon capture. We’re also now working substantial opportunities for offshore energy integration to support the energy transition.’