George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hi,Ignore the background musak and give it a chance.https://vimeo.com/offshoreenergiesukIf you can handle it https://oeuk.org.uk/GLAXXX
Hi,
I can't find the website that had a fantastic step by step explanation of the math but the formula is: Barrels of crude oil per metric ton = 1 / [141.5 / (API gravity + 131.5) x 0.159]. Sell it by volume in barrels, sell it by mass in tonnes. Two differing prices are not comparators.
Anyhow Oil and Enquest up and down like ebay bids for the entrails of an oligarch's superyacht. Talking of which FPSO Polvo went for $50 million so there is a current reuse baseline.
GLAXXX
Hi Seav,
I don't know what Kraken sells for but that $27 figure ($25 now) was correct for bunker oil price Rotterdam premium against Brent using a conversion formula taking account of density and API. Would reference site if I had the time but all very scientific. Amjad's best clue was the admission of "single digit" premium at one point. Dollars or percent?.
Hi
The guys from the OPRfF&D and the Minke Whales . . . .they say . . YES.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1069214/DR-2241-0.pdf
No dates but a 52 day duration.
GLAXXX
Hi,
Top 10 pre FID in North Sea
https://twitter.com/Orcadian_Energy/status/1515305804773081088/photo/1
If you follow Orcadian then they alsp flagged up that Ping need an FPSO for Avalon.
Easter Bunny has had side effects . .. . I'm on overdrive , , , ,
GLAXXX
Hi,
We're all in this together . . .(sung to familiar tune)
https://theferret.scot/rogues-gallery-climate-polluters-top-20-revealed/
"Enquest said it had commenced a “significant transformation programme” at Sullom Voe and cut its UK emissions ahead of government targets. It had plans “to unlock renewable energy and decarbonisation opportunities through innovative commercial structures,” the company added."
"Innovative commercial structures". . . . . . . ?!?!?!?!?!? Put the carbon back in the ground. I want to be at the front of that queue.
GLAXXX
Hi,
Here is an unofficial update to explain all. Some participants added out of compassion, spite and comedic effect.
https://www.dropbox.com/s/xz1j5os8uidtlf3/Romaron%20Challenge%20Update%20Mid%20April%2022.pdf?dl=0
GLAXXX
Hi,
These have been mentioned before but as an update:
UZMA HWU Works: "Scope of Work comprises of integrated HWU services for EnQuest’s workover recompletion and well abandonment campaign at offshore Peninsular Malaysia (“Scope of Works”). The campaign will cover up to three (3) platforms and up to twelve (12) wells operated by EnQuest. Work is expected to commence on March 2022 and completed in October 2022. The value of the Contract is approximately Ringgit Malaysia Thirty Million Only (RM30,000,000.00)" So pays for itself after about 54,000 barrels.
Barakh Offshore Litigation: "PBJV filed Enforcement Application (Suit 18) of Adjudication Decision. Hearing fixed for this Saman Pemula on 31 May 2022.Enquest filed Notis Permohonan (Suit 33) for Stay Pending Setting Aside. Hearing for this has been fixed on 5 April 2022. Enquest filed Notis Stay Pending Arbitration (Suit 34). Hearing fixed for this has been fixed to be on 1 June 2022." Barakh Offshore Loss of Contract being countered by Enquest Loss of Earnings.
GLAXXX
Hi,
Quiet here so how about a competition update?
Trajectory is generally up but I have to state, and you should of course all know, that things can go up and down like Putin's blood pressure at a Politburo meeting (It was that or a male pornstar's dong during a fluffer's covid outbreak so give me some credit}. BTFATH sitting with an unofficial ceramic swan as things stand but a long way to go. Late entrants on the extremities making their own stance felt.
Qhttps://www.dropbox.com/s/f9vcqldqo8x3xmb/Romaron%20Challenge%20Update%20Early%20April%2022.pdf?dl=0
GLAXXX
Hi,
Was on website looking for an Annual Report detail and found this. Don't think we have had one of these before:
https://www.enquest.com/fileadmin/content/press_release_pdfs/2022/2022.03_EnQuest_FY2021_Credit_Update_vF.pdf
Interesting, proactive, promotional?
GLAXXX
McLondoner,
There used to be a backdoor. discovered by Matrix Observer. for one month early OGA. Maybe the tansition to a Transition Organisation left it open. Won't have to hassle them this month. We know the numbers courtesy of report today but closer insight useful for data crunchers.
GLAXXX
Hi McL,
I guess the point is buy it and you don't have to buy from it and at current levels that is $196 million gas. I think Tarmak knows how long the purchase gas agreenent is for but I think it was closing out shortly rather than long term.
Not researched other Foinaven related "value accretive benefits" (listen to me with me corporate wording!!!)
GLAXXX