Posted by nikicheong > 2023-06-29 00:38 | Report Abuse

EnQuest and Bumi Armada working hard to return to normal at North Sea oilfield

UK operator EnQuest has acknowledged there was an operational fault that forced the shutdown of the Kraken offshore oilfield in the North Sea and that it is working to return to pre-shutdown levels of production.

The field was shut down in late May following a sudden failure of hydraulic submersible pump (HSP) transformers on the Armada Kraken floating production, storage and offloading vessel, as reported by the FPSO’s owner Bumi Armada on 2 June.

https://www.upstreamonline.com/exclusive/enquest-and-bumi-armada-working-hard-to-return-to-normal-at-north-sea-oilfield/2-1-1475735

Posted by CT888 > 2023-06-29 18:58 | Report Abuse

Fr Lse Enquest share chat, Armada Kraken could be back to full production in ~ 2 weeks from now

Posted by KML889 > 2023-06-29 20:51 | Report Abuse

Wow, Train 1 and 2 back to full production in 2 weeks time. To Kraken. Cheers

Posted by Robert Waters > 2023-06-29 23:12 | Report Abuse

Tomorrow they will start mooring a tanker to the Kraken FPSO. Means that there is income for BAB, albeit not as much as there should be.
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The current position of INGRID KNUTSEN is at North Sea reported 3 hours ago by AIS. The vessel is en route to KRAKEN FPSO, sailing at a speed of 7.5 knots and expected to arrive there on Jun 30, 11:00. The vessel INGRID KNUTSEN (IMO: 9649225, MMSI 235103057) is a Crude Oil Tanker built in 2013 (10 years old) and currently sailing under the flag of United Kingdom (UK).

https://www.vesselfinder.com/vessels/details/9649225

Posted by Gabriel Khoo > 2023-06-30 08:39 | Report Abuse

BAB EPCC project not bad mah. Don have to carry so many oil & gas portfolio. Diverting to green energy attract investors

Posted by nikicheong > 2023-06-30 10:35 | Report Abuse

Anybody have the full article on Kraken from UpstreamOnline?

https://www.upstreamonline.com/exclusive/enquest-and-bumi-armada-working-hard-to-return-to-normal-at-north-sea-oilfield/2-1-1475735

Posted by RayLee > 2023-06-30 12:47 | Report Abuse

Great article. No wonder Armada is moving up today

Posted by Jerichomy > 2023-06-30 13:07 |

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Posted by Jerichomy > 2023-06-30 13:07 |

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Posted by Jerichomy > 2023-06-30 13:08 |

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Posted by Russel > 2023-06-30 16:29 | Report Abuse

Bolehland KLCI so Jialat!

Posted by corpsehunter69 > 2023-06-30 16:33 | Report Abuse

Ruun!

Posted by vespa > 2023-06-30 20:32 | Report Abuse

Cheers for the article
@nsyeik142857

Posted by Jerichomy > 2023-07-01 03:10 |

Post removed.Why?

Posted by Felix888 > 2023-07-01 09:03 | Report Abuse

Post from Enquest forum :


Kraken is currently running 1 train, train 2 should be back to full production within 2 weeks.

Q3 maintenance planned 3 week shutdown has been completed whilst repairs to the transformer was being repaired.

Posted by shocklim > 2023-07-01 12:13 | Report Abuse

Tqvm Niki and Felix for yr valuable update

Really helpful

Posted by Hwealth > 2023-07-01 16:33 | Report Abuse

Global Investment Opportunity:
Dividend Income Funds Portfolio - 6% Annual Dividend Return with monthly payout
https://klse.i3investor.com/web/forum/forum-thread/908976532

Posted by Hwealth > 2023-07-01 16:34 | Report Abuse

Global Investment Opportunity:
Dividend Income Funds Portfolio - 6% Annual Dividend Return with monthly payout
https://klse.i3investor.com/web/forum/forum-thread/908976532

Posted by Jerichomy > 2023-07-01 21:28 |

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Posted by Jerichomy > 2023-07-01 21:28 |

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Posted by Zhuge_Liang > 2023-07-01 22:20 |

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Posted by daretocutandchange > 2023-07-01 22:23 | Report Abuse

please don't posted comments too long and repeated .tqvm,tqvm,tqvm,

Posted by Jerichomy > 2023-07-02 01:15 |

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Posted by OTB > 2023-07-02 09:25 |

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Posted by success2628 > 2023-07-02 09:28 | Report Abuse

Super Good news !
More & more companies rushing to be listed into KLSE !
There are 6 companies going to be listed in KLSE for July & early August 2023 ! 


1)Skyworld 10-7-2023 0.80

2)DC Healthcare 17-7-2023 0.25

3)MSTGOFT 20-7-2023 0.81

4)MYMBN 25-7-2023 0.21

5)Daythree 26-7-2023 0.30
6)KGW 1-8-2023 0.21

Posted by Jerichomy > 2023-07-02 09:41 |

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Posted by Jerichomy > 2023-07-02 10:03 |

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Posted by Jerichomy > 2023-07-02 10:04 |

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Posted by jay2004 > 2023-07-02 11:23 | Report Abuse

Get ready is going to fly.

Posted by jay2004 > 2023-07-02 11:23 | Report Abuse

It is oversold. Now is shopping time.

Posted by jay2004 > 2023-07-02 11:36 | Report Abuse

TP 0.61

Posted by Zhuge_Liang > 2023-07-02 13:09 |

Post removed.Why?

Posted by daretocutandchange > 2023-07-02 14:22 | Report Abuse

l owned layhong,cab,pwf and teo seng ,according to current eps pe so low.

Posted by wongcheehui83 > 2023-07-02 16:55 | Report Abuse

KUALA LUMPUR (June 27): Hong Leong Investment Bank (HLIB) Research said it upgraded Bumi Armada Bhd (BAB) to “Buy” (from “Sell”) with an unchanged of target price of 54 sen, as it believes the risk and reward ratio of the stock has turned attractive following a 25.6% plunge month-on-month.

In a technical tracker on Tuesday (June 27), the research house said that to recap, BAB announced that the group’s heavyweight Armada Kraken FPSO, which accounted for approximately 35% of the group’s FY22 revenue, was shut-in following the failure of critical hydraulic submersible pump transformers.

“While the exact duration of downtime and financial impact were not disclosed at the time of the announcement, we have made an arbitrary assumption of a six-month downtime for the said FPSO, resulting in a 38% cut in FY2023F earnings.

“The lack of clarity from the management, coupled with the anticipated negative impact from the FPSO shutdown, triggered a knee-jerk rout as investors sought to de-risk their portfolios,” it said.

HLIB said given the subsequent slide in the share price, most of the negatives would have now priced in and present an opportunity for bottom fishing.

“It is worth noting that our assumption of a six-month downtime appears to be conservative, as BAB recently announced on June 21, 2023, that the Armada Kraken FPSO has resumed operations and is currently running at 60% of its pre-shutdown production levels.

“If the earnings impact proves to be less severe than our initial estimation and market expectations, the upward adjustment in BAB's consensus earnings could lead to an upswing in BAB's share price.

“Technically, BAB is grossly oversold, with indicators on the mend. A successful breakout above 48 sen immediate resistance will spur prices toward 50 sen -54 sen-57 sen. Cut lost at 39 sen,” it said.

Posted by sense maker > 2023-07-02 19:51 | Report Abuse

Cut loss at 39sen. Haha, please just throw the shares all the way down to 39sen next week.

Posted by Jerichomy > 2023-07-03 10:48 | Report Abuse

Hahaha

Posted by Jerichomy > 2023-07-03 10:48 |

Post removed.Why?

Posted by Felix888 > 2023-07-03 11:44 | Report Abuse

Steady moving up toward 0.50

Posted by Hotstuff > 2023-07-03 12:18 | Report Abuse

testing 50c in late afternoon. once broken 55c next

Posted by ValueInvestor888 > 2023-07-03 12:23 | Report Abuse

Any good news on Kraken? Resume 100% operations?
Anyway, It is a matter of time Kraken to achieve 100%. When the related news come out, price will shoot up 5% at least.

Posted by Jerichomy > 2023-07-03 13:17 |

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Posted by Jerichomy > 2023-07-03 13:17 |

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Posted by Jerichomy > 2023-07-03 13:18 |

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Posted by Jerichomy > 2023-07-03 13:18 |

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Posted by RayLee > 2023-07-03 13:29 | Report Abuse

Nice movement . I think it's gonna break 50 cents later

Posted by Zhuge_Liang > 2023-07-03 13:41 | Report Abuse

When you are dead, you do not know you are dead.
The pain is felt by others.
The same thing happens when you are stupiid.

Posted by Zhuge_Liang > 2023-07-03 13:46 | Report Abuse

Jerichomy is so stupiid and useless in I3.

Posted by nikicheong > 2023-07-03 14:13 | Report Abuse

https://www.youtube.com/watch?v=pWvLMp8W3RE

Navigator Holdings CEO, Mads Peter Zacho, Discusses the Bluestreak CO2 Joint Venture - June 30, 2023

Posted by nikicheong > 2023-07-03 14:14 | Report Abuse

I've yet to watch it, if any interesting tidbit, please share!

Posted by Felix888 > 2023-07-03 14:44 | Report Abuse

Look like got chance to release my 2nd batch 😊