Posted by nikicheong > 2023-10-06 21:21 | Report Abuse

Currently TGT FPSO is on planned shutdown maintenance, we might see slightly lower revenue / profits in Q4 2023.

Posted by Felix888 > 2023-10-06 21:30 | Report Abuse

Vespa I deleted my post

Posted by i3lurker > 2023-10-07 15:58 |

Post removed.Why?

Posted by Jerichomy > 2023-10-07 21:38 |

Post removed.Why?

Posted by KimSua > 2023-10-08 07:18 | Report Abuse

Expect oil price to reach 100. Let's see if US will sanction Iran oil export and how middle east react to the Hamas attack

Posted by Jerichomy > 2023-10-08 10:05 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-10-08 10:29 |

Post removed.Why?

Posted by stockraider > 2023-10-08 11:49 | Report Abuse

Oil & Gas recovery play loh!

Posted by Justaboylearning > 2023-10-08 17:35 | Report Abuse

Felix, best ignore these 2 and just focus on talking about Armada in general, It boils down to willpower. Armada actually holding well compared to yinson.

But still there's uncertainty to come due to the war by israel....

Posted by randy793 > 2023-10-08 18:25 | Report Abuse

War now

Posted by randy793 > 2023-10-08 18:27 | Report Abuse

This is not hiap Teck forum. Some people no brains

Posted by Felix999 > 2023-10-08 19:00 |

Post removed.Why?

Posted by Justaboylearning > 2023-10-08 19:50 | Report Abuse

Yes yes, all the best for Armada.

Hopefully malaysia doesnt pick a side between the war , if not we in trouble due to foreign investors leaving

Posted by lloydlim > 2023-10-08 20:00 | Report Abuse

Time to accumulate!

Posted by Jerichomy > 2023-10-08 20:09 |

Post removed.Why?

Posted by hhhiii123 > 2023-10-08 20:46 | Report Abuse

With the eruption of Israeal-Hamas war, the global oil supply will be further disrupted, O&G industry should skyrocket on tomorrow Opening, let's wait and see, hehe

Posted by hhhiii123 > 2023-10-08 20:57 | Report Abuse

https://www.chinapress.com.my/20231008/%e2%97%a4%e4%bb%a5%e5%b7%b4%e5%86%b2%e7%aa%81%e2%97%a2%e4%bb%a5%e8%89%b2%e5%88%97-%e6%ad%a3%e5%bc%8f-%e5%af%b9%e5%93%88%e9%a9%ac%e6%96%af%e5%ae%a3%e6%88%98/

O&G should go crazy tomorrow, haha

Posted by Whiteytey > 2023-10-09 07:22 | Report Abuse

https://uk.finance.yahoo.com/news/u-stocks-slip-oil-surges-230608062.html

Posted by Jerichomy > 2023-10-09 07:51 |

Post removed.Why?

Posted by Jerichomy > 2023-10-09 07:52 | Report Abuse

The guy has no brain below

randy793
This is not hiap Teck forum. Some people no brains
13 hours ago

Posted by Felix999 > 2023-10-09 08:43 |

Post removed.Why?

Posted by bullrun168 > 2023-10-09 09:55 | Report Abuse

Wow, oil price spike up like mad !
Brent now at $88.37 +$3.79 +4.48 %

Posted by bullrun168 > 2023-10-09 09:59 | Report Abuse

‘Knee-jerk surge’: Oil experts predict market impact of Israel-Hamas conflict
PUBLISHED SUN, OCT 8 20233:08 AM EDT

https://www.cnbc.com/2023/10/08/israel-hamas-oil-experts-expect-knee-jerk-reaction-in-energy-markets.html

Crude oil prices could see a spike on Monday but the overall impact of the attack on Israel by Palestinian militants Hamas will likely be limited, energy experts told CNBC.
That’s provided the conflict does not escalate further, they said.
“We may see a knee-jerk surge in crude prices when markets open on Monday,” Vandana Hari, CEO of Vanda Insights, told CNBC via email.
“There will be some risk premium factored in as a default, until the market is satisfied that the event is not setting off a chain reaction and Mideast oil and gas supplies won’t be affected,” said Hari.
Militants from Hamas — designated by the U.S., European Union and the U.K. as a terrorist organization — infiltrated Israel by land, sea and air on Saturday, during a major Jewish holiday. The incursion came hours after the Islamist militants fired thousands of rockets into Israel from Gaza...

Posted by bullrun168 > 2023-10-09 10:07 | Report Abuse

Oil Jumps as Hamas’ Attack on Israel Fans Middle East Tensions
By Serene Cheong and Elizabeth Low October 9, 2023 at 6:05 AM

https://www.bloomberg.com/news/articles/2023-10-08/oil-rallies-by-more-than-3-after-hamas-attacks-against-israel

Oil surged 5% after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East.
West Texas Intermediate traded near $87 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day, while the US said it was sending warships to the region.
The latest events in Israel don’t pose an immediate threat to oil supply, but there’s a risk the conflict could spiral into a more devastating proxy war, embroiling the US and Iran. Any retaliation against Tehran amid reports it was involved in the attacks could endanger the passage of vessels through the Strait of Hormuz, a vital conduit that Iran has previously threatened to close...

Posted by Jacintha > 2023-10-09 10:51 | Report Abuse

Jerichom, u r in the wrong forum, can u read english?

Posted by Justaboylearning > 2023-10-09 10:59 | Report Abuse

I wonder what is the reason Israel doesnt pose an immediate threat to oil supply. Anybody knows?

Posted by KimSua > 2023-10-09 11:31 | Report Abuse

Have to monitor how US sanction on Iran oil takes place and how the war escalate . Straits of Hormus is control by Iran, the main supporter of arms to Hamas. And how Lebanon reacts via Hasbollah , Lebabon cannot afford another all out war with Israel. I suspect US will declare a stronger stand towards Irananian oil.

Posted by Robert Waters > 2023-10-09 16:07 | Report Abuse

View of Armada by the Yinson investor. Of course, he thinks that Yinson is a better value proposal. Makes a few good points... Niki makes similar point that they seem unable to take up a new project.
_____________________________________________________________________

Bumi Armada (Malaysia) – limited financing capacity to take on new lease contract

Bumi Armada was doing well until the collapse of oil prices in 2014. The oil price crash exposed some of its customers as not being as financially sound as they seemed, and it began to record impairments on its trade receivables. Multiple project delays and terminations have resulted in an aggregate impairment of over RM5 billion since 2014. This includes approximately RM1.8 billion for the FPSO Armada Claire and RM1.6 billion for the FPSO Armada Kraken.

The FPSO Armada Claire was delivered to the Belnaves field in 2014 but did not achieve final acceptance. In 2016, Woodside terminated the contract for the FPSO, citing "performance-related issues." This may have been coincidental, but it also happened to be a time when oil prices were low and the Belnaves field was experiencing a sharp production decline. Bumi Armada challenged Woodside in court but lost the case in 2022.

The FPSO Armada Kraken was impaired due to project delays, underperformance, and low uptime availability.

In 2017, Bumi Armada suspended the operations of FPSO Armada Perdana following irregular payments for the operation and maintenance services, together with long-delayed charter by independent oil and gas operator Erin Energy Corp, which filed for bankruptcy shortly after.

In the last 6 years, it has only secured one new FPSO job, with a 30% stake. This suggests that the company may have limited design and engineering capacity, as well as financing capacity, in the near term to take on sizable jobs.

Posted by Felix999 > 2023-10-09 19:24 |

Post removed.Why?

Posted by Whiteytey > 2023-10-09 19:34 | Report Abuse

https://www.bbc.com/news/business-67050612

Posted by randy793 > 2023-10-09 19:51 | Report Abuse

Ya plenty of promoters and syndicates here becareful

Posted by randy793 > 2023-10-09 19:52 | Report Abuse

The best teacher are charts they don't lie

Posted by OTB > 2023-10-09 21:11 |

Post removed.Why?

Posted by Felix999 > 2023-10-09 23:18 |

Post removed.Why?

Posted by Felix999 > 2023-10-10 07:30 | Report Abuse

Brent Oil keep going Up USD88.12 now up 4.22%!!!!

Today OnG moving up!

Posted by randy793 > 2023-10-10 09:12 | Report Abuse

Otak tb, U jelouse of NickCheong??? He is way smarter than you

Posted by OTB > 2023-10-10 09:39 | Report Abuse

I admire nikicheong, I know that he is better than me on Armada.
He is very knowledgeable and well respect in this forum.
I like to read nikicheong's posting, I appreciate his contribution here.
Moreover, I also learn a lot of knowledge from him.
This forum is to share information, not to attack anyone here.
Thank you.

Posted by kwteoh > 2023-10-10 10:44 | Report Abuse

OTB, me too admire u. That's not worth a single penny for you to reply someone who r irrelevant in this world. Just ignore them. The more u responded, the more motivated they will be.

Posted by OTB > 2023-10-10 10:59 | Report Abuse

Dear kwteoh,
Noted. Thank you for your good words about me.
I appreciate it.
Thank you.

Posted by Macgyver111 > 2023-10-10 11:12 | Report Abuse

In stock market no one better than other nor so called expert. Market sentiment will drive stock price especially in O&G sector, solely relying on crude oil price and DC rate. I'm not saying some good or not here but what I'm trying to say here is do your analysis rather than depend on other. This is the reality when give recommendation so far as I noticed...when his/her research on stock working out better, people applaud if not people curse. Be yourself...trade wisely.

Posted by Ninja _07 > 2023-10-10 16:13 | Report Abuse

What???? Niki is a guy????? All this while I was thinking Niki is a girl.. 🙄

Posted by Jerichomy > 2023-10-10 18:50 |

Post removed.Why?

Posted by Felix999 > 2023-10-10 21:25 |

Post removed.Why?

Posted by RISK8888 > 2023-10-11 07:34 | Report Abuse

Niki, why 17Nov? Why not this month? Insider news?

Posted by nikicheong > 2023-10-11 10:05 | Report Abuse

Let's wait and see if there's any truth to it. I'm skeptical but you never know.

Posted by RayLee > 2023-10-11 10:09 | Report Abuse

Is it because 17 Nov is the day when Armada shows its Q3 result ?

Posted by nikicheong > 2023-10-11 11:07 | Report Abuse

RayLee the first oil date for Armada Sterling V has no relationship with the Q3 results for Bumi Armada. Two different things.

Posted by Felix999 > 2023-10-11 12:17 |

Post removed.Why?

Posted by nikicheong > 2023-10-11 13:41 | Report Abuse

Bumi Armada Berhad ("BAB") refers to its announcement on 24 April 2019 and 23 February 2021 with respect to its existing USD660 million term loan facility ("Existing Facility"), and wishes to announce that Bumi Armada Holdings Labuan Limited ("BAHLL"), its wholly-owned subsidiary, has successfully secured a Syndicated Term Loan Facility (“Term Loan Facility”) for an aggregate principal amount of USD105.5 million with a final maturity of 25 September 2028, to refinance the remaining balance of the Existing Facility maturing in May 2024.

BAB’S Chief Executive Officer, Gary Christenson said:

“We are pleased that we repaid a significant amount of the Existing Facility over recent years. We are equally delighted to have secured the new Term Loan Facility which demonstrates continuing strong support from our financiers.”

The announcement is dated 11 October 2023.

Posted by nikicheong > 2023-10-11 14:41 | Report Abuse

Bumi Armada is also doing pre-FEED for an Onshore Gas Plant facility. We might get an announcement in the next few months on this if it materialises.