Posted by RayLee > 2023-10-20 10:25 | Report Abuse

Estimated Armada will make more than Rm500 mil in revenue in Q3

Posted by Jerichomy > 2023-10-20 22:56 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-10-21 09:13 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-10-21 09:15 |

Post removed.Why?

Posted by randy793 > 2023-10-22 09:15 | Report Abuse

Yup agreed, he belongs to TR in Perak not in this forums.

Posted by Jerichomy > 2023-10-22 20:42 |

Post removed.Why?

Posted by bullrun168 > 2023-10-23 09:51 | Report Abuse

Sailang all my belongings till underwear to buy-in Armada at @0.54

Posted by Jacintha > 2023-10-23 10:05 | Report Abuse

We have a very unprofessional fellow here who likes attacking people. Without mentioning names, if he owns up to it, he will copy and paste this posting (the usual thing he does to theirs) and then condemn. Too free, and full of hatered, jelousy, malice for he comes here to kill, steal & destroy. Just ignore and let peace prevail as we are all here to learn & invest.

Posted by Jerichomy > 2023-10-23 12:10 |

Post removed.Why?

Posted by Macgyver11 > 2023-10-23 12:45 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Allianz-Trade-Says-Oil-Could-Hit-140.html

Posted by Jerichomy > 2023-10-23 18:11 |

Post removed.Why?

Posted by Jerichomy > 2023-10-23 19:34 | Report Abuse

M+ Online Market Wrap - 23Oct23

FBM KLCI: 1,438.12 pts (-2.92pts, -0.20%)
The FBM KLCI (-0.20%) ended slightly lower after trading flat throughout the session as selling activities picked up during last hour trading; investors turned more cautious amid the elevated US Treasury Yields and escalating tension in the Middle East. Market breadth was negative as decliners thumped advancers by 743-to-195 stocks. On the broader market, the Energy Sector (-1.49%) fell due to selling pressure in heavyweights namely YINSON (-4.0 sen) and ARMADA (-1.5 sen) despite the firm crude oil prices. Furthermore, the Telco & Media sector declined 1.49% due to selling pressure in CDB (-9.0 sen) and MAXIS (-6.0 sen).

Top 3 Active stocks:
TAWIN (7097): RM0.035 (-0.5 sen)
WIDAD (0162): RM0.535 (-2.0 sen)
SCIB (9237): RM0.525 (-0.5 sen)

Volume: 3.38 bn (100-day avg vol: 3.24 bn)
Value: RM2.00 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️195 ⬇️743
Crude palm oil: RM3,748 (-RM23)
Dow Futures: 33,136 pts (-122 pts)

**Source: Bloomberg, M+ Online**

Posted by Macgyver11 > 2023-10-23 21:15 | Report Abuse

https://youtu.be/eZPlMyKhXTs?feature=shared

Occidental ceo talk about future of fossil fuel and carbon capture. Nice to listen...

Posted by RayLee > 2023-10-24 10:33 | Report Abuse

I-P war eases down a bit ...

https://www.reuters.com/business/energy/oil-prices-ease-aid-convoys-arrive-embattled-gaza-strip-2023-10-23/

Posted by OrlandoOilAIIoT > 2023-10-24 16:10 | Report Abuse

...... announced earlier this month it agreed to buy shale-oil producer Pioneer Natural Resources Co. for $59.5 billion, locking up new drilling sites for years to come and underpinning a bet that oil and gas will remain central to the world’s energy mix for decades ahead. 

Posted by OrlandoOilAIIoT > 2023-10-24 16:11 | Report Abuse

..a bet that oil and gas will remain central to the world’s energy mix for decades ahead. 

Posted by OrlandoOilAIIoT > 2023-10-24 16:12 | Report Abuse

Hope this won't increase the World’s temperature by 2°

Posted by rohank71 > 2023-10-24 20:56 | Report Abuse

Putin sick not good for oil price?

Posted by Ninja _07 > 2023-10-26 09:26 | Report Abuse

Brent back to $90

Posted by RayLee > 2023-10-27 13:59 | Report Abuse

That Putin-sick news seems implausible 😅 Political play

Posted by i3lurker > 2023-10-30 16:35 | Report Abuse

its red~!
is there a toilet malfunction in one of those FPSOs?

Posted by lloydlim > 2023-10-30 19:06 | Report Abuse

Time to accumulate!

Posted by Felix1510 > 2023-10-30 19:11 | Report Abuse

Poop into the sea. The fishes will eat it.

Posted by i3lurker > 2 hours ago | Report Abuse

its red~!
is there a toilet malfunction in one of those FPSOs?

Posted by nikicheong > 2023-10-31 01:42 | Report Abuse

Bumi Armada is working on the pre-FEED for building an onshore gas plant at the Budi gas field in Indonesia.

Posted by Fieldbus > 2023-10-31 09:36 | Report Abuse

There is still a long way to go for this pre-feed/conceptual design. But at least Armada got something going on. ,👍

Posted by RayLee > 2023-10-31 16:27 | Report Abuse

the war around the world seems to be escalated ..now Pakistan, India, Myanmar ...

Posted by i3lurker > 2023-11-01 07:45 | Report Abuse

putin dumping oil big time to pay for war

Posted by Penarak > 2023-11-01 11:17 | Report Abuse

Sea of red and greys all over !

Posted by StingRay > 2023-11-01 13:07 | Report Abuse

Indonesia oil and gas investment has been very high risk all along. Otherwise you will see those western vulture eyeing that meat. If not careful, instead of getting an oilfield, one may get their graveyard. Based on history, a graveyard would one will get. 🤣🤣🤣

Posted by Felix1510 > 2023-11-01 13:24 | Report Abuse

Indonesia Oil And Gas Company List

ConcoPhillips Company
Shell PLC

Chevron Corporation

ExxonMobil Corporatoin

PT Pertamina

PT Perusahaan Gas Negara

TbkPetroliam Nasional Berhad

PT. Connusa Energindo

China National Offshore Oil
Corporation

BP PLC

Source: https://www.mordorintelligence.com/industry-reports/indonesia-oil-and-gas-market/companies

Posted by Jerichomy > 2023-11-01 21:22 |

Post removed.Why?

Posted by nikicheong > 2023-11-03 13:14 | Report Abuse

https://www.upstreamonline.com/exclusive/indian-giant-poised-to-start-oil-production-from-5-billion-deep-water-project/2-1-1546779

India's state-controlled Oil & Natural Gas Corporation (ONGC) is poised to kick off oil production within days from its much-delayed flagship deep-water project in the Krishna Godavari basin offshore the nation's eastern coast.

Posted by nikicheong > 2023-11-03 13:18 | Report Abuse

It's a weird article that says production will begin "within days", while my sources are instead telling me there is another delay, from the November 2023 start-date to December 2023 start-date. Time will tell.

Posted by ageetkumar > 2023-11-03 15:06 | Report Abuse

When ONGC says within days, it probably means December 2023

Posted by RayLee > 2023-11-03 16:28 | Report Abuse

Don't know it will be pushed up when it releases Q3 result ...

Posted by nikicheong > 2023-11-03 20:07 | Report Abuse

Full article:

India’s state-controlled Oil & Natural Gas Corporation (ONGC) is poised to kick off oil production within days from its much-delayed flagship deep-water project in the Krishna Godavari basin offshore the nation’s eastern coast.

The $5 billion Cluster-2 project in the KG-DWN-98/2 block is being developed by 26 subsea wells feeding up to 60,000 barrels per day to a floating production, storage and offloading vessel.

ONGC is just days away from firing up production, after more than two years of delays due to the coronavirus pandemic and other key execution issues, two people with direct knowledge of the development told Upstream.

“McDermott International [the key installation contractor] is carrying out pre-commissioning activities and ONGC is likely to start production as early as 20 November,” one person noted.

Oil will be produced by the Armada Sterling V FPSO, which is ready to get to work, according to one source.

“Initially up to 10,000 barrels per day of oil is likely to be produced from the [development’s] M field,” the source said.

The floater is owned by India’s Shapoorji Pallonji Energy and Malaysia’s Bumi Armada in a 70:30 joint venture and completed installation of a seawater lift riser on 20 January. It sailed away from a yard in Singapore on 21 November last year.

At a later stage, Cluster-2’s A & P fields are also likely to be brought online, with the FPSO set to produce 60,000 bpd of oil at its peak, sources noted.

Oil production from Cluster-2 was set to begin in the first quarter of this year. However, the delays continued after the field’s critical subsea infrastructure suffered damage.

Upstream understands that the damage has been fixed.

Posted by nikicheong > 2023-11-03 20:10 | Report Abuse

It's coming soon for sure, as late as mid December 2023, but it should be here by the end of the year. Fingers crossed no more hiccups.

Posted by Robert Waters > 2023-11-04 14:38 | Report Abuse

I cannot understand this article. Precommissioning is done before introduction of hydrocarbons. That would be done in Singapore, not now as they claim. Kick off is usually a meeting before they start activities. So there should be months between kick off and production. Yet they say days.
Seems like AI article when correct sentences from different articles are glued into incomprehensible mess.

Posted by Felix888999 > 2023-11-06 13:42 | Report Abuse

https://theedgemalaysia.com/node/688933

Posted by vespa > 2023-11-06 15:54 | Report Abuse

Armada has a high net short selling postion

Posted by ageetkumar > 2023-11-07 11:52 | Report Abuse

@ Robert Waters as I understand everything on the FPSO is already complete and pre-commissioned. The article is talking about subsea scope of McDermott. Here precom typically involves just hydro tests, flange integrity tests, stroke tests of subsea valves etc.

Posted by TimCoke > 2023-11-07 14:36 | Report Abuse

pay attention, coming soon

Posted by Robert Waters > 2023-11-08 09:09 | Report Abuse

Thank you kumar.
Action today makes me think that there is no good news coming. Price getting lower and lower.
I pay attention to what is coming ... as Tim says.

Posted by RISK8888 > 2023-11-08 09:34 | Report Abuse

price down means good news coming

Posted by RISK8888 > 2023-11-08 09:35 | Report Abuse

armada style is like that. press down to release good news.

Posted by nikicheong > 2023-11-08 09:43 | Report Abuse

Possibly insiders know of another delay to Armada Sterling V ffs!!!

Posted by RISK8888 > 2023-11-08 12:36 | Report Abuse

but this month end good QR coming. buy 0.535 sell 0.585 no problem.

Posted by Felix888999 > 2023-11-08 13:14 |

Post removed.Why?

Posted by vespa > 2023-11-08 16:10 | Report Abuse

Bumi Armada scrapes the barrel for partners

Posted by GoldenShares > 2023-11-08 16:32 | Report Abuse

0.535 attractive