nikicheong

Good lord, what will it take for some positive news from the company.

1 month ago

chopstick

crude oil futures UP
https://www.news.com.au/world/middle-east/iran-launches-missile-attack-on-israel/news-story/d07dc8c5eeb3a09516c8bcb230fa2e28

1 month ago

bullrun168

Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry | Reuter

HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.

1 month ago

ocbc

*** MISC acquiring Armada still ON *** Published 25 September 2024, 10:13
Malaysian national oil company Petronas has launched a pre-qualification exercise for a floating production, storage and offloading vessel required at its Sepat full-field development offshore Peninsular Malaysia.

1 month ago

Balian de Ibelin

monkey see buy monkey do buy=> monkey gets beheaded👍

1 month ago

chopstick

https://www.news.com.au/world/middle-east/israelhezbollahiran-conflict-updates/news-story/99fb6486cafba2ed4f562d3e16a2f58f

1 month ago

chopstick

collect ,crude oil up

1 month ago

jacintateh

When will it go back to 25

4 weeks ago

chopstick

hopefully up all the way
https://www.news.com.au/world/middle-east/19yo-israel-policewoman-killed-in-terrorist-shooting-just-hours-before-anniversary-of-october-7-attack/news-story/0bc8e7511cd5febeb99fa73b50887166

4 weeks ago

bullrun168

Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !

3 weeks ago

LY Hoh

May i know what the TP for Armada? Thanks

3 weeks ago

chopstick

TP all bullshit , from all AI i3 members,
Posted by LY Hoh > 4 minutes ago | Report Abuse

May i know what the TP for Armada? Thanks

3 weeks ago

chopstick

https://www.news.com.au/world/middle-east/israelhezbollah-conflict-live-updates-israelis-mark-anniversary-of-october-7-hamas-attack/news-story/0ddfe3e4b7befbb29521f73af43675c0

3 weeks ago

chopstick

https://www.news.com.au/world/middle-east/israelhezbollah-conflict-live-updates-israelis-mark-anniversary-of-october-7-hamas-attack/news-story/0ddfe3e4b7befbb29521f73af43675c0

3 weeks ago

Ninja _07

AFFIN TP: RM 0.77

3 weeks ago

RayLee

Luckily got sapu sikit Armada when it's 47 cents there

3 weeks ago

leeabraham

why selldown at closing ?

3 weeks ago

wctberhad

THIs Guy sold 20,000,000 unit at average 0.5125 i guess when he collected from low at 45 over cents ... made a mil... and run ... last vol... b4 closing 4.45 pm was just 20 mil volume ... at 0.52 cents ... they buy in volume ... but dont worry ... with this Profit report ... anytime will test resistance at 0.550..

3 weeks ago

leeabraham

TP take boleh pakai

3 weeks ago

wctberhad

WE look at KLSE screener Q report ... 22Q3 --24Q 3 total profit more than 1 over Billion ... soon for another year Total borrow 2 billion ... soon will repay all... GOOD JOB already for such a turn around ...

3 weeks ago

wctberhad

From my point of view of this Report we need to buy to keep from this low PE and monitor each Q report ... and have good rewards ..

3 weeks ago

Gabriel Khoo

https://cleantechnica.com/2024/10/08/uk-to-pour-28-billion-into-carbon-capture-storage-over-25-years/

3 weeks ago

Gabriel Khoo

https://oilprice.com/Latest-Energy-News/World-News/UK-Unveils-Investment-Support-for-Renewable-Energy-Storage.html

3 weeks ago

Gabriel Khoo

How you guy look at this?

3 weeks ago

Robert Waters

The whole carbon capture concept is only intended to take money from taxpayers and increase environmental ratings for better loans. I do not see technical sense in it. After all, carbon stays as carbon and eventually is released through migration via shale or reservoir rock, then cracks.

3 weeks ago

Gabriel Khoo

https://www.upstreamonline.com/rigs-and-vessels/fpso-contenders-lining-up-for-tricky-replacement-job-in-malaysia/2-1-1722413

3 weeks ago

Gabriel Khoo

https://www.upstreamonline.com/rigs-and-vessels/fpso-contenders-lining-up-for-tricky-replacement-job-in-malaysia/2-1-1722413

3 weeks ago

mf

U.S. crude prices fall more than 4% as Israel is not expected to strike Iran’s oil industry

2 weeks ago

nikicheong

One could say, that we are overdue some good news.

2 weeks ago

nikicheong

TGT FPSO extension announcement is imminent.

2 weeks ago

spencer628

niki ,confirm will extension ?

2 weeks ago

nikicheong

Yes, just wait for the announcement.

2 weeks ago

Gabriel Khoo

Nik. Do you receive any news of BAB particioating in new project

1 week ago

nikicheong

Not that I'm aware of. Is there any? I have shared whatever I know they are participating in but so far unaware of any wins.

1 week ago

Macgyver111

Actually, buying energy stock is like what Malay said, "telur di hujung tanduk." One day green and promising, like going to limit up another day red until speechless. Not only Armada but almost every energy counter like velesto, perdana, and yin soon, and few of it as example...pening pening 😂😀😂😀😂. My black hair turned grey ready tunggu ni counter pecut...kena sabar banyak.

1 week ago

Macgyver111

Balik balik 0.50, balik balik 0.50...🙆🙆🙇🙇🙇

1 week ago

nikicheong

Good news, TGT drilling campaign is over and the Wells are successfully tied back to the FPSO.

1 week ago

RayLee

... Maybank Investment Bank Bhd has maintained a BUY call on the company, with an unchanged sum-of-parts-based target price of 68 sen ...

https://www.businesstoday.com.my/2024/10/29/analysts-optimistic-on-bumi-armadas-growth-potential-with-improved-esg-practices/

5 days ago

Gabriel Khoo

Bumi Armada Berhad ("Bumi Armada") wishes to announce that its wholly owned subsidiary Bumi Armada UK Limited (”BAUK”) entered into an Engineering, Procurement, Construction, Installation and Modification agreement with EnQuest Heather Limited (“EnQuest”) on 29 October 2024 for the provision of a Flare Gas Recovery System on the Magnus platform located in blocks 211/12a and 211/7a of the UK North Sea (“the Agreement”). The Agreement is expected to be carried out over approximately four (4) years with an estimated contract value of GBP50 million.



Implementing the Flare Gas Recovery System offers environmental benefit, as well as operational value. The capture and repurposing of flare gas will reduce Magnus platform greenhouse gas emissions, specifically CO2 and Methane, which are major contributors to climate change. This aligns with global environmental standards and regulations, helping EnQuest to meet its internal and externally committed emissions reduction targets.

3 days ago

nikicheong

Finally! Something relatively small, but something nonetheless. Conservatively, this would be worth around RM25-30mil if the net margin is ~10%, i.e. around 0.4 to 0.5 sen per share.

3 days ago

nikicheong

Now the major announcement on the extension of the TGT FPSO should be imminent (within next 2 weeks for sure). That should contribute around 2 sen per share for every year of extension.

3 days ago

Robert Waters

An interesting project. Based on my knowledge - it has NOTHING to do with carbon capture. It is all about reprocessing gas that goes to flare and using it (for fuel?).

3 days ago

nikicheong

Yes, it's all there in the statement.

"The capture and repurposing of flare gas will reduce Magnus platform greenhouse gas emissions, specifically CO2 and Methane"

3 days ago

Robert Waters

As per general description of similar
Gases pass through a compressor and then go to a separator to remove any liquids. The gases then leave the separator, are cooled, and go to a drum to remove any condensates before heading back to the plant or facility for reuse.

2 days ago

Gabriel Khoo

Robert. Would you mind to explain the complexity bwteen CCS and FGRS

2 days ago

Gabriel Khoo

https://www.theborneopost.com/2024/10/31/up-to-rm200-bln-investments-projected-for-kuching-low-carbon-gas-hub-says-premier/

Oppoftunity?

2 days ago

Robert Waters

Gabriel,
CCS is very complex and state of the art. BAB will have to tackle great challenges. There will be cryogenic temperatures (C02 needs to be liquefied for injection). Also, very high pressure are needed, e.g. 300 bar or more. In comparison, FGRS involves tanks, compressor, piping and valves. Nothing unusual.

2 days ago

nikicheong

Gabriel, Bumi Armada is working with Shell on pre-FEED studies relating to CCS offshore Sarawak. This has been going on since mid 2022. However, unsure when (if at all) there will be any formal award.

1 day ago

Gabriel Khoo

Thanks Nik and Robert

1 day ago

Robert Waters

You are welcome. I am now working in a refinery in Iraq (upgrading), so a bit out of touch with upstream where armada acts, but still keeping abreast with the FPSO developments. If only they got their stuff together, there is money to be made.

13 hours ago