x 0

Yup good chance.

PHInsider63 ( Date: 31-Mar-2022 15:44) Posted:

Bro better
You quick hand.
I wait Tmr.
Think tmr may be weaker and can get at 98.

better ( Date: 31-Mar-2022 14:53) Posted:

I just bought 500k @ 9.

x 0

KGI Fraser and ABN AMRO.

bystander1965 ( Date: 31-Mar-2022 15:39) Posted:

Who are the sellers? Curious who is flipping now.

better ( Date: 31-Mar-2022 14:53) Posted:

I just bought 500k @ 9.

x 0

I just bought 500k @ 9.9

PHInsider63 ( Date: 31-Mar-2022 13:29) Posted:

Eh, with t+4, I can buy Tmr and then settlement can come in offset.
Friday May be a good day to nibble as it is cyclically bad.
Will see

MANFREDTMK ( Date: 31-Mar-2022 12:37) Posted:

Wow bro, I got very excited. You think still can buy at this price 9.9. Got lots of meat left, ma

x 0

Maersk Makes Grand Entrance Into Offshore Wind Installation Market

March 29, 2022, by Adrijana Buljan

The recently announced wind turbine installation vessel (WTIV) for which Singapore&rsquo s Sembcorp Marine won a shipbuilding contract is now confirmed to have been ordered by Maersk, whose subsidiary Maersk Supply Service has just revealed that it signed a firm contract with a joint venture between Equinor and BP for the installation of the Empire 1 and 2 offshore wind farms in the US.

Maersk Supply Service

As reported last week, Sembcorp Marine informed that it had won a contract for the construction of a wind turbine installation vessel based on its in-house design in collaboration with its client which the Singaporean shipyard then left unidentified.

It has been revealed now that Maersk developed the vessel concept which will deliver installation of wind turbines by a Jones Act-compliant spread.

Empire Offshore Wind, the Equinor-BP joint venture, has chartered the vessel which, together with US constructed barges and tugs built and operated by Kirby Offshore Wind, will be used for the installation of the Vestas 15 MW turbines on Empire Wind 1 and 2 offshore wind farms in New York.

The newbuild vessel is planned to be ready for operation for the two projects in the mid-2020s, Empire Offshore Wind said.

According to Maersk Supply Service and Sembcorp Marine, the steel-cutting ceremony is set for Q4 2022 and the vessel is scheduled to be completed in early 2025.

Maersk&rsquo s vessel will be supported by two newbuilt tugs and barges, which will transport the wind turbine components from the South Brooklyn Marine Terminal to the Empire Wind lease area offshore Long Island.

The barges and tugs will be constructed and operated by Kirby Offshore Wind, a subsidiary of Kirby Corporation. The concept ensures that the vessel can remain in operation while the barges transport turbine components from the staging port on a continual basis, Equinor and BP said.

&ldquo The Maersk concept will ensure efficient installation of the Empire Wind turbines by using a dock-in feeder solution, which will improve safety by reducing the number of offshore lifts. We are pleased that Maersk is also exploring the opportunity of using climate neutral fuels to operate the wind installation vessel&rdquo , said Trond Gulichsen, project director for Empire Wind.

x 0

The mystery buyer of the WTIV is Maersk.

x 0

I did not make any comment about the merger recently because I did not expect the merger terms to be finanlised until SCM is trading at around 20 cents or higher. Temasek might come out with some cash for the deal, but the main currency used to buy Keppel OM is SCM share. If the exchange rate (SCM share price) is not favourable, it is going to be a no go. KC is very eager to sell Keppel OM but Temasek is a tough bargainer who can see through all of Loh Chin Hua' s bag of tricks.

KC is likely suffering in their China property biz now as the Chinese property market took a nose dive since Q4 last year. So if Temasek take their time, KC will be gettig desperate by Q2 when their Chinese property biz calls out for a cash injection to survive. Just look at the top 2 property developers in China (Country Gardens and Evergrande). Further, Keppel has stopped investing in keppel OM for quite sometime already, just look at their debilitated yards from the photos. Why invest in something that you are going to sell soon?

Also, there seems to be some rivalry going on between Keppel and Temasek. First, Temasek offer to buy KC at $7+, but KC deliberately sabotaged the offer by reporting a disastrous loss in 2020 which led Temasek to cancel the buyout. Then, recently the Temasek supported consortium snatched the SPH deal from KC' s jaws at the last minute.

x 0

About $7-8 billion. Add another $1-2 billion if we can find takers for those half completed Setes drillships.

The expected contracts are WTIV, Napant, Darodo, Cambo, P80/81, Setes and a few specialised green ships.

PHInsider63 ( Date: 30-Mar-2022 21:13) Posted:

$1b here, $2b there, how much total contracts wins you reckon SM will win this year?

better ( Date: 30-Mar-2022 21:10) Posted:

In short, this will lead to a $1 to $1.4 billion FPSO contract for SCM in 3-4 months' time

x 0

Siccar Point and Shell&rsquo s Cambo development plan was supposed to be approved by regulator end of last year but met with road block because of protests from some environmental and climate change groups.

Circumstances have changed drastically since then and the UK government is now begging them to develop Cambo quickly to help UK wean off its dependence on Russian oil and gas. Once the developmental proposal for Cambo is resubmitted, likely, in April, it should be approved in double quick time. Sevan SSP, a wholly owned subsidiary of SCM, have been working on the FEED for quite a while

x 0

In short, this will lead to a $1 to $1.4 billion FPSO contract for SCM in 3-4 months' time.

MANFREDTMK ( Date: 30-Mar-2022 17:52) Posted:

Bro, what can one develop over two years. There must be more to this to excite you

better ( Date: 30-Mar-2022 17:45) Posted:

Breaking: Siccar Point and Shell handed extension to Cambo licences

Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.

The one piece of news that I have been anticipating. The Cambo licences are supposed to expire on the 31st March 2022.

x 0

Breaking: Siccar Point and Shell handed extension to Cambo licences

Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.

The one piece of news that I have been anticipating. The Cambo licences are supposed to expire on the 31st March 2022.

x 0

As mentioned by CFO William on the 25th Feb 2022 YE results podcast, SCM' s customers are evaluating their offshore projects viability based on $50+ oil. Anything above $60 oil is a go.

x 0

There is quite some excitment when you put a substantial amount of your networth in a beaten down stock or sector that is despised by many. Try it. You might like it.

bystander1965 ( Date: 29-Mar-2022 11:52) Posted:

Investing need not be like that even if you are 10.
Per your example, some are 天生丽质 . No ICI also no problem.

I thought you only invest in SCM and not trading? What excitement then?

better ( Date: 29-Mar-2022 11:35) Posted:

I would gradually migrate to " stress free" investing after I turn 50 or when I feel my heart can no longer handle it. Until then, I prefer the excitment of making more concentrated bets (after doing my homework of course) for outsize market returns and sometime losses as well.

Just like there some women who is still in contention and some who have given up altogether. For those that have given up, they are pretty stress free and cannot be bothered to doll up

x 0

I would gradually migrate to " stress free" investing after I turn 50 or when I feel my heart can no longer handle it. Until then, I prefer the excitment of making more concentrated bets (after doing my homework of course) for outsize market returns and sometime losses as well.

Just like there some women who is still in contention and some who have given up altogether. For those that have given up, they are pretty stress free and cannot be bothered to doll up.

bystander1965 ( Date: 29-Mar-2022 09:28) Posted:

My advise is stay away from this forum.SCM will move on its own term. Not because whatever whoever says or has said or will say or implies ..

Investing is supposed to be a stress free process if one has done the homework.

MANFREDTMK ( Date: 29-Mar-2022 09:16) Posted:

Yes, otherwise I will get locked up again. They are using provoking tactics to send me there🤔 🤔 🤔

x 0

It is somewhat smaller than P78. My estimate is about $2 to 2.5 billion for SCM' s part of building the FPSO.

PHInsider63 ( Date: 28-Mar-2022 22:14) Posted:

😯
What s the size of the contract?

better ( Date: 28-Mar-2022 22:02) Posted:

Breaking news!

Sole bidder emerges in Petrobras tender for P-81 FPSO

Brazilian oil giant contracting floater to produce from the deep waters of the Sergipe-Alagoas basin

Very likely the sole bidder is the Sembmarine-Ocyan consortium pair. Below was a report in Sept 2021 about Ocyan and SCM pairing up to bid for P81. If true, we should hear about the award in the next 1-2 months after they iron out the contract terms, likely more favourable terms than for P78 won by the Keppel OM-Hyundai Heavy consortium.

Brazil&rsquo s Ocyan and Singapore&rsquo s Sembcorp Marine are collaborating on a commercial proposal for the construction and operation of an FPSO for state company Petrobras&rsquo Sergipe-Alagoas deepwater project (SEAP), a source close to the matter told BNamericas.

Launched in June, the tender has not been made public because it involves a private partner, IBV Brasil Petró leo, which holds 40% of exploration blocks SEAL-M-349 and SEAL-M-426, operated by Petrobras.

The production platform will be hired via the built, operate and transfer (BOT) model, where, after an initial stage of outsourced operation, Petrobras takes over the operation with its own teams.

For this reason, all interested companies had to prove previous experience in the operation of FPSOs. Ocyan currently is responsible, in partnership with Altera Infrastructure (formerly Teekay Offshore), for the Cidade de Itajaí (pictured) and Pioneiro de Libra units respectively in the Baú na and Mero fields, in Santos basin.

Six other companies pre-qualified for bidding: SBM Offshore, BW Offshore, Misc, Modec, Saipem and Cenertech, a subsidiary of China&rsquo s CNOOC. However, according to the source, none of them has, so far, approached the market for procuring goods and services for the platform &ndash a basic procedure for preparing the bid, whose submission deadline is in December.

Except for Ocyan and Cenertech, these FPSO operators are fulfilling construction or construction and charter contracts awarded by Petrobras in recent years. Sembcorp is finalizing works on the P-71 unit at its Jurong Aracruz shipyard, in Espí rito Santo.

Scheduled to come online in 2026, the SEAP FPSO will have the capacity to produce 100,000b/d of oil and process 8.5Mm3/d (million cubic meters per day) of natural gas.

x 0

Breaking news!

Sole bidder emerges in Petrobras tender for P-81 FPSO

Brazilian oil giant contracting floater to produce from the deep waters of the Sergipe-Alagoas basin

Very likely the sole bidder is the Sembmarine-Ocyan consortium pair. Below was a report in Sept 2021 about Ocyan and SCM pairing up to bid for P81. If true, we should hear about the award in the next 1-2 months after they iron out the contract terms, likely more favourable terms than for P78 won by the Keppel OM-Hyundai Heavy consortium.

Brazil&rsquo s Ocyan and Singapore&rsquo s Sembcorp Marine are collaborating on a commercial proposal for the construction and operation of an FPSO for state company Petrobras&rsquo Sergipe-Alagoas deepwater project (SEAP), a source close to the matter told BNamericas.

Launched in June, the tender has not been made public because it involves a private partner, IBV Brasil Petró leo, which holds 40% of exploration blocks SEAL-M-349 and SEAL-M-426, operated by Petrobras.

The production platform will be hired via the built, operate and transfer (BOT) model, where, after an initial stage of outsourced operation, Petrobras takes over the operation with its own teams.

For this reason, all interested companies had to prove previous experience in the operation of FPSOs. Ocyan currently is responsible, in partnership with Altera Infrastructure (formerly Teekay Offshore), for the Cidade de Itajaí (pictured) and Pioneiro de Libra units respectively in the Baú na and Mero fields, in Santos basin.

Six other companies pre-qualified for bidding: SBM Offshore, BW Offshore, Misc, Modec, Saipem and Cenertech, a subsidiary of China&rsquo s CNOOC. However, according to the source, none of them has, so far, approached the market for procuring goods and services for the platform &ndash a basic procedure for preparing the bid, whose submission deadline is in December.

Except for Ocyan and Cenertech, these FPSO operators are fulfilling construction or construction and charter contracts awarded by Petrobras in recent years. Sembcorp is finalizing works on the P-71 unit at its Jurong Aracruz shipyard, in Espí rito Santo.

Scheduled to come online in 2026, the SEAP FPSO will have the capacity to produce 100,000b/d of oil and process 8.5Mm3/d (million cubic meters per day) of natural gas.

x 0

Carnarvon raises $52.7m as FID eyed for Dorado offshore Australia

Australian-listed Carnarvon Energy (ASX:CVN) said today that it has raised A$70 million (US$52.7 million) via an institutional placement to help bring the large Dorado liquids development offshore Australia to a final investment decision (FID) this year.

Seems like Darodo moving towards FID in the next 1-2 months. Potential contract worth of about $1.1 to 1.5 billion for SCM.

x 0

Thanks bro, I am flattered. Your gallantry in fencing off the C-suite then was truly remarkable. A pure art form equalled by few.

MANFREDTMK ( Date: 28-Mar-2022 15:43) Posted:

Hi BETTER, I wish to express my deepest gratitude to you. You saved many of us and continued to inspire all of us by selflessly sharing all your indepth research and accounting analysis, despite continuous criticism. The confidence you instilled provide the courage for so many here to average down aggressively and some are already sitting at fat profit now.
My heartfelt gratitude and appreciation to your tireless and selfless efforts to save so many of us. You may not be able to see it, but I can tell you many here are Standing up now to give you a Standing ovation, based on my Under Stand, every part of me is standing now 🙏 🙏 🙏 👏 👏 👏 . You are Godsend.
Above all, thanks God for all the blessings and that all of us here will see continued success from hereon.

x 0

Bingo!

PHInsider63 ( Date: 28-Mar-2022 16:37) Posted:

If it Closes at 103 is good number to end the start of the week.

PHInsider63 ( Date: 28-Mar-2022 13:32) Posted:

104: 一定死
103: 一定生
I prefer the latter

x 0

Barring any merger announcement, I expect it to end today at 10.6 to eclipse the previous one day run up of +11.9% to make the headlines. After that, might pull back to about 9.8 over the next few weeks. I am glad to be wrong.

ICXGOLD ( Date: 28-Mar-2022 15:23) Posted:

Its better to hold here for a while and get the weak hands out. Personally I expect current value of SMM for the merger is 0.16. Followed by a stellar Q1 result, and return to profitability news.

ICXGOLD ( Date: 28-Mar-2022 10:39) Posted:

Immediate targets 0.108 and 0.121, how fast depends on short covering and bb

x 0

Hey bro, when are you going to rejoin the party?

bystander1965 ( Date: 28-Mar-2022 13:34) Posted:

108 better lah.

PHInsider63 ( Date: 28-Mar-2022 13:32) Posted:

104: 一定死
103: 一定生
I prefer the latter

Maersk Makes Grand Entrance Into Offshore Wind Installation Market

RELATED ARTICLE

Sembcorp Marine Wins Wind Turbine Installation Vessel Contract

Breaking: Siccar Point and Shell handed extension to Cambo licences

Breaking: Siccar Point and Shell handed extension to Cambo licences

Sole bidder emerges in Petrobras tender for P-81 FPSO

Sole bidder emerges in Petrobras tender for P-81 FPSO

Carnarvon raises $52.7m as FID eyed for Dorado offshore Australia