Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Hi
I'll do my own bit of speculating.
Rem Mist chartered yesterday on supply duties for Enquest. On way from Bergen to Esjberg. Picks up a MV Transformer spare parts kit from Esjberg MV Transformer Spare Parts R US, speeds to AK, fit the parts, flick a switch and crack open a bottle of lightly chilled Lambrini before close of play Friday. Weekender on EP to celebrate. This oil business is easy.
I could be wrong.
GLAXXX
Hi,
Kikeh . . .you'd just unhitch the thingummywhatsit, barge Kraken out of the way and sail her in. Sorry for a spoiler. We had Kikeh flagged at Kraken June '21 and prior to that. It's a marine traffic glitch.
GLAXXX
Hi
"The shut-in comes after the vessel’s prolonged period of top-quartile production and operational performance, the offshore facility and service provider said in a bourse filing on Friday (June 2).
The Kraken FPSO, owned by Bumi Armada’s wholly-owned subsidiary Armada Kraken Pte Ltd (AKPL), is deployed at the Kraken Field in the UK North Sea under a bareboat charter contract with UK-based exploration and production operator EnQuest.
Bumi Armada said the reduced level of production due to the shut-in will result in reduced revenue earned by AKPL from the bareboat charter contract. “Given the current uncertainties, the financial impact of this incident cannot be reliably estimated at this point, but is expected to be material for Bumi Armada,” the group added.
Bumi Armada noted that AKPL is working with EnQuest to assess alternative technical solutions aimed to return the FPSO to production, on a phased basis, in the coming weeks.
“In the meantime, key maintenance activities, originally scheduled for execution within two periods of single-train operations in the third quarter of the year, are being executed during the period of shut-in,” the group said.
“These activities are intended to negate the requirement for any further planned outages in 2023,” it added."
GLAXXX
Hi
It doesn't rain it pours!!
https://www.klsescreener.com/v2/news/view/1160815/Bumi_Armada_expects_revenue_hit_from_FPSO_shut_in
GLAXXX
Hi
Should this spook me?? I'm not easily spooked!! Honest fairly uneducated enquiry.
https://shorturl.at/eoty1
Is this a new company VERI ENERGY LIMITED
AGM might be interesting!!
GLAXXX
Hi,
I have asked a couple of recent questions of IR which have not been answered. I have chased but suggested that if busy they may be reframed as AGM questions. First is to do with Malaysia and reporting and relevant income of the new gas boepd, second is to do with North Sea Carbon capture and recent hydrogen funding and business model behind either.
And then check this out
https://find-and-update.company-information.service.gov.uk/company/14876507
Dare I say putting blocks in place for the future . . .
GLAXXX
Hi,
Ninian Pipeline decommissioning in planning stages. Needs to wait for Magnus to be bled dry then take it over for carbon capture purposes.
https://www.hellenicshippingnews.com/north-sea-operators-weigh-options-as-brent-oil-contributor-ninian-to-close/
Never a dull day.
GLAXXX
Hi
Malaysia Arbitration extended again to mid July 23. Seemed insignificant when it started. About £12.5million at stake if goes against which is currently about 4.2% of market cap. Not sure if there is counter claim gain if it goes for us.
GLAXXX
Hi
Project: Green Hydrogen Integration at Sullom Voe
Lead organisation: EnQuest Heather Ltd
Description: A study to assess the feasibility of producing hydrogen from treated water from the Sullom Voe terminal water treatment plant (site rainwater runoff and process waste water) via electrolysis, then storage/distribution via existing obsolete O&G infrastructure.
Funding awarded: £149,633
https://www.gov.scot/publications/emerging-energy-technologies-fund-hydrogen-innovation-scheme-successful-projects/
GLAXXX
Hi,
Anybody got a guess on what this is worth once it kicks in?
I'll have a go using Hibiscus realised Gas Price Q4 22 of about $4.71/mscf discounted by 50% (which is what my wholesle gas unit cost might have done between then and now) and using Enquest Malaysia opex 2018-22 average of $21boe, then I come in at around £28million a year profit before Malaysian tax at current exchange rates.
Lots of variables, anyone else have a stab??
GLAXXX
Hi,
Disturbing times for Enquestrians and I'm not sure I'm going to help.
NSTA February in and with Malaysia caveat I have 46,689 boepd. So with reported March end figure of 47,800 that would give a nice March improvement, maybe from Malaysia, maybe from GEAD. I think I will spend less time thinking it up and more time following guidance as it rarely falters outside of the exceptional.
This post was originally titled "NSTA and Your Gods" and made a link between people believing in current politicians and climate activist positioning on the North Sea and Fossil fuels alongside the irrational belief in religion. That made me despondent as, in my opinion, it reinforces the power of herd mentality and the mounting battle that needs to be argued and won. However it did prompt the question "Who is the God of Oil?"
Well it appears that Shezmu is as good as we get. More info here for those that like the analogy.
https://deathscent.com/2022/11/24/shezmu/
Alright, probably more to do with Olives or Date Palms, but essentially a life force extractor whose wrath was to be feared.
Take away a life force, lets call that heating your home or the ability to travel or make a living, and there are consequences. It won't take long before the **** hits the non revolving electric fan and leaves a more centralised mess to be cleared up than originally expected.
Always good to take a moment outside the box.
GLAXXX
Hi,
I put this up before but check out the 4 volunteers at 13 minutes if not seen before. Frikkin insane
Gotta love the old rust bucket. Happy Birthday to you etc.
Glaxxx
https://www.bpvideolibrary.com/record/6
Hi,
Forgot to mention, sleeping bag available for whole Summer '23 festival season. One previous careful owner and only used briefly at Burning Man Orgy Dome. For free but collection please by bicycle or donkey.
Peace Out,
GLAXXX
Hi
You guys just don't get it.
Put on your horn framed,rose tinted spectacles, hoik up your chamois leather G strings and have a go at this.
https://juststopoil.org/2023/04/14/life-after-oil/
GLAXXX
Hi,
I know it was talked about but don't think the link was ever posted:
https://www.investormeetcompany.com/enquest-plc/register-investor
19th April 1400
"Three NED down" conspiracy theorists might be revealed as special guests at the Oil Baron's Ball '23 or doomed to a walk of shame on a bed of crushed Lambrini bottles.
GLAXXX
Hi MO,
Totally on the NSTA map. NNS Area 1 sits on top of all those NS assets redundant or otherwise.
CCS seems to be a thing with government drive and finance behind it but equally argued by the negaters as a way for fossil companies to continue doing their fossil based thing with little benefit. A bit old below but he couldn't see the sense in it. Magnus gas gets a mention re collaboration required.
https://www.oxfordenergy.org/wpcms/wp-content/uploads/2012/09/NG-66.pdf
That aside it is great to have you posting again. I was a mere troll shocked go-go based virtual talent scout with disposable income when your wry polemic drew me in. I am now a cash strapped lambrini swigging energy realist . . . but still enjoying the journey.
GLAXXX
Hi,
Also the FlashCrash 10.49 appears to be a quote from Craig at Investor Relations. Ask them yourselves if in doubt.
LTH's here might remember that this admittedly high risk investment years ago was meant to pay for university fees. They are both finished and employed now but a few dividends would help offset the loans. Hasn't gone as planned for me and many of us.
GLAXXX as ever . . .