Simbrad
23 Jun 2016
Firstenergy note out this moring: "Relatively speaking, Faroe shares have not performed very well over the last six months. This probably reflects the defensive profile of the firm, which has a large net cash position and there-fore benefits less from a rebound in oil price. We continue to like Faroe, but among the ‘defensive companies’ with positive net cash and on our new price deck, the firm now offers less upside than Africa Oil. Under our scenario of rising oil prices, ‘leveraged companies’ are also likely to continue performing better." taken from research tree
Bluemogganer
16 Jun 2016
Re: market reaction neutral SP currently up 8.54% so someone clearly has faith...
Wordbodger
16 Jun 2016
Re: Brasse - Spudding RNS "someone know that this is dry" ... on the contrary, walked down in the last few sessions because someone knew it wasn't.A good result, imo, because it will be easy to tie in, and that could extend Brage's life. Wintershall was already going to do more in-fill drilling on Brage in 2017. So this should be encouraging. Brage is one of FPM's better producers now that Njord/Hyme are not producing.Sidetrack planned will be interesting.
Mpg1
15 Jun 2016
Re: Brasse - Spudding RNS someone know that this is dry
olechr
24 May 2016
Re: Brasse - Spudding RNS It should really have an effect; it has been on the drilling schedule for a long time – in case a discovery then we should see a jump
Wordbodger
24 May 2016
Re: Brasse - Spudding RNS [link] effect on market
Wordbodger
22 May 2016
Re: Getting drill Brasse The thing about Ithaca is they turned down a bid that was rumoured to be £2.25 or more, and didn't give it to shareholders to decide. I know they have changed CEO since, but I was disappointed that wasn't offered to shareholders. I thought someone would come back in at about £1.50, no-one did and then the oil-price collapsed.Took some nerve to go in at 19 pence if you were already sitting on a loss. It's a spectacular chart since January. Faroe's recovery is less dramatic but all the oils have taken off from the same low point in January. Good luck with it. (Beware 'Sell in May' etc, oil supply still exceeding demand.).
tamdee
22 May 2016
Njord...... Njord to StordStatoil has booked yard-stay at Kvaerner’s Stord facility for the Njord A floating production platform. The platform is expected to be quayside at Stord in August.Attachments/downloadsNorwegian versionStatoil and Kvaerner signed a frame agreement 1 April 2016 regarding a possible full upgrade of Njord A, and the yard-stay is one early call-off from this contract. Statoil will now prepare to shut down production of Njord and the disconnection of mooring and riser systems. Kvaerner’s scope for the yard stay will include receiving and mooring the semisubmersible platform, cleaning of the hull, rigging access, installing supply of electricity, water etc. Kvaerner will potentially also second some personnel for various work on the platform.The scope for front-end engineering and design (FEED) for the potential modification and upgrade was another option already from the signing of the frame agreement. This work has since April been going on with Kvaerner’s engineering partner Aker Solutions in Bergen.It will later be up to Statoil and its licence partners to decide if they also will use the options to have Kvaerner execute an EPC scope for upgrade of the platform and hook-up offshore at the Njord field.Kvaerner’s project manager for the Njord Future project is Jarle Henriksrud. He comes from a similar position at the Edvard Grieg project. Engineering manager is Audun Magnussen fra Aker Solutions, with Kvaerner’s Johan Kovacevic as his deputy. Edward Mørk will head procurement, Carl van der Hagen will be in charge of construction while Bjørn Dalen will manage commissioning. Other key positions include Anita Hatløy (Planning, Aker Solutions), Pål Arne Haugland (Business Manager), Turid Ødeby (Scope, Risk, Change) and Maurice Dumay (IM).Njord A was originally delivered in 1997 by the organisation which is today Kvaerner. The topside was fabricated at Stord while the hull was fabricated at Verdal. Njord A was the first so-called Norsok project (a joint industry program in the 1990s to improve costs due to low oil prices) at the Norwegian continental shelf. The platform was towed offshore only 28 months after cutting of the first steel plates.
