Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !
Then all the O & G counters will spike up to sky high especially Yinson's price will break above RM4.00
Kramatorsk, Ukraine(CNN) The chaos of the past week might be incorrectly comforting. Despite Russia's continued disastrous handling of its war of choice in Ukraine, the conflict's most dangerous moment may be nearing. At some point this week, the Kremlin will likely declare that "sham" referendums in four partially occupied areas of Ukraine have delivered a mandate for their swift assimilation into what Moscow calls Russian territory…
Latest news from CNN… A war between Russia & USA/Europe will be ignited anytime from now if the ‘Sham’ referendum results is in favour to russia (of course is a sure guranteed passed results created by Russia), So, since russia will use this results by annexed 4 Ukraine’s regions and as an excuse for them to publicly giving mandate to them to sending millions of troops to based the stations permanently into this 4 regions, then a new World War III cannot be avoid and will happened anytime from now already !
Then the Oil price definitely will immediately shooting up to sky high !
And then all the O & G counters definitely will follow to spike up like mad already !
eMooVit, a majority-owned subsidiary of Yinson Green Technologies ("YGT"), has signed a Memorandum of Understanding with Rapid Bus, a wholly-owned subsidiary of Prasarana, to collaborate on a pilot programme for autonomous electric bus operations at Rapid BRT Sunway.
YGT is operated by the green technologies division of Yinson.
The collaboration leverages on eMooVit’s position as a specialised developer in autonomous vehicle and robotic technology as well as Rapid Bus’s position as the leading bus operator of the Rapid KL public transport network in the Klang Valley.
Under the agreement, eMooVit aims to provide an autonomous electric bus and chargEV charging system, technical support, vehicle maintenance and training sessions for Rapid Bus’s employees; while Rapid Bus shall provide the test track and workshop area as well as operational support.
eMooVit Chief Executive Officer, Dr Hairi Bin Zamzuri said, “We hope to introduce autonomous electric vehicles (AEVs) as they carry several advantages, including the potential to cut down on CO2 emissions, reduce traffic congestion, lower transportation and energy costs.
“In addition, according to a recent statement released by General Insurance Association of Malaysia, more than 80% of road accidents in Malaysia are caused by negligence. This is of great concern and our aspiration is for AEVs to limit human errors,” added Dr Hairi.
Yinson Senior Vice President Electromobility Ruslin Tamsir commented, “The government launched the National Automotive Policy 2020, with the aim of enhancing the automotive industry, through research and development especially in the area of next-generation vehicles. Through our subsidiary eMooVit, Yinson is excited to work with one of Malaysia’s leading bus operators, Rapid, in introducing next-generation vehicles like the autonomous electric bus."
“This is the first autonomous electronic bus project in Malaysia, and Rapid Bus will be the first public transport operator to embark on a pilot project using this technology. The implementation of this pilot project will focus on evaluating the impact of autonomous electric buses on the urban transport system in terms of technology, social and economy,” added Muhammad Yazurin Sallij, Chief Executive Officer, Rapid Bus.
YGT invests in novel green businesses, R&D and strategic partnerships to develop integrated smart green assets and infrastructure, ultimately aiming to create a proprietary digital marketplace that provides affordable and accessible tech-based low carbon products and services to help businesses and communities achieve their own net zero ambitions. YGT’s strategic investments currently include advanced hydrofoil system for electric vessels, e-bike and swappable batteries, autonomous and robotic technology, autonomous systems for electric vehicles, marine energy storage solutions, electric vehicle charging solutions and corporate leasing programme of its fleet of EVs.
Green technology solutions provider Yinson GreenTech together with its Goal Zero Consortium partners (“Goal Zero”), has achieved an exciting milestone with the keel laying ceremony to mark the start of the construction of the Hydromover - a fully electric cargo vessel with swappable batteries.
The event was graced by Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime & Port Authority of Singapore (“MPA”), at the shipyard of Lita Ocean Pte Ltd and witnessed by fellow partners of Goal Zero and guests. The pilot vessel is on track to be launched by the second quarter of 2023 and ready for commercialisation in the second half of 2024.
Developed by Goal Zero, the lightweight, 18.5m Hydromover is able to carry cargo up to 25 tonnes (including batteries). The vessel, being all-electric, has zero emissions and targets to achieve up to 50% operational cost savings due to improved energy efficiency and lower maintenance costs. Its battery, when depleted, can be easily swapped within minutes to minimise operational downtime. It will also be equipped with advanced vessel management system to provide seamless control to the crew as well as state-of-the-art sensors to enable future readiness of autonomous operation.
The Hydromover was Goal Zero’s submission, and one of the three winning proposals announced by MPA and the Singapore Maritime Institute (“SMI”), to develop and commercialise an all-electric cargo vessel with interoperable swappable battery infrastructure solutions. The call for proposals had attracted participation from 73 companies and 10 institutes of higher learning. The consortiums with the winning proposals were given five years to launch their pilot vessels.
YGT spearheads the Hydromover’s overall programme management and commercialisation, while Seatech Solutions International Pte Ltd (“Seatech”) leads Goal Zero in vessel design and system integration. They are joined by Shift Clean Energy as battery technology partner; Rina Hong Kong Limited Singapore Branch as classification society; Singapore Institute of Technology and Technology Centre for Offshore and Marine Singapore developing the operational profiles of different harbour craft types through digital twinning of the Hydromover.
Yinson Executive Vice President New Ventures and Technology, Eirik Barclay, said: “Goal Zero is made up of like-minded and synergistic partners who are fully committed to helping the marine industry transition to net zero. Since being awarded the grant, we have achieved many important milestones, which have culminated in today’s keel laying to mark the official commencement of construction. We are very pleased with our rapid progress and are looking forward to launching our pilot vessel by the second quarter of 2023, way in advance of the original 5-year schedule planned for the program. This not only gives Goal Zero a head start to roll-out our all-electric cargo vessel, but it is also an important contribution to Singapore’s goals for all domestic harbour crafts to operate on low-carbon energy solutions by 2030 and to halve carbon emissions from these vessels by 2050.”
SeaTech Vice President Technology, Prabjot Chopra, said: “We appreciate the efforts of all our consortium partners that have resulted in the fast-track progress of this project and a special thanks to YGT for commercialisation of the pilot electric vessel leading the way for electrification of harbour crafts in Singapore.”
MPA Assistant Chief Executive (Industry and Transformation), Kenneth Lim, said: “Decarbonisation of domestic harbour craft is one of the key priorities under the Maritime Singapore Decarbonisation Blueprint 2050. The Goal Zero Consortium demonstrates the maritime industry’s commitment to collaborate and accelerate the electrification of harbour craft in Singapore. We applaud the consortium’s effort in pushing ahead the development timeline of the full electric Hydromover and will continue to support the industry to work together to develop and deploy green technologies for the maritime sector.”
Goal Zero is also supported by industry partners Batam Fast Ferry Pte Ltd, Bernhard Schulte (Singapore) Holdings Pte Ltd, DM Sea Logistics Pte Ltd, Marina Offshore Pte Ltd, Kenoil Marine Services Pte Ltd, Lita Ocean Pte Ltd and Jurong Port Pte Ltd.
Could be retailers who gave up, could be IB that doesnt want the price to go up because they have warrants. Could be EPF trading. Just wait for all 3 big FPSOs to strike first oil, FPSO Anna Nery will strike oil at the begining of 2023, just wait.
KEY POINTS * OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy. * The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters. * "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.
A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”
VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted. OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy..
Yinson wins three awards at The Asset Triple A Islamic Finance Awards 2022
Posted Date: 03 Nov, 2022
Yinson is honoured to have won three awards at The Asset Triple A Islamic Finance Awards 2022, namely,
Best Issuers/Advisers, Issuers of the Year, Corporate. Best in Sustainable Finance, Best Sustainability-linked Sukuk. Best Deals by Country, Best Sustainability-linked Sukuk. The Asset Triple A Islamic Finance Awards are the industry’s most prestigious awards in the fastest-growing and most promising niches of global Islamic finance. The awards recognise the best Islamic banks and houses, as well as the deals that defined the industry during the review period. The Asset adopts a rigorous quantitative and qualitative approach in selecting the best Islamic institutions and transactions in various countries.
Yinson issued Malaysia’s first Sustainability-Linked Sukuk Wakalah, which raised RM1 billion in December 2021. Due to overwhelming demand with an orderbook of RM1.66 billion, the offer size was upsized from an initial target of RM700 million to RM1 billion. Yinson partnered with HSBC Amanah, which acted as the sole Principal Adviser, Lead Arranger, Lead Manager and Shariah Adviser for the Sukuk Wakalah Programme and Sustainability Structuring Agent for the Framework.
Yinson Group Head of Corporate Treasury Ong Ken Yong, speaking at the awards ceremony held at Four Seasons Hotel Kuala Lumpur, commented, “We are honoured to receive these awards and encouraged by the strong support from the investor and financial community. We continue to integrate sustainability into our business operations, including project financing strategies, to create sustainable value for our stakeholders as we expand into new territories and business areas, leading the global fight against climate change”.
In a way this is true. But yinson demand for FPSO is directly related to the price of oil. when oil was low, many FPSO projects were deferred. And now when oil price is high, how many FPSO contracts did yinson win?
Fabian, crude oil price has no direct connection to yinson profit. Listen to the interviews and quarterly briefings. Crude oil can go to USD1000 and it wont boost yinson profit
@dannyarcher even if we are listening to the same interview, read the same materials, i can't guarantee that you will be able to understand and discern correctly. obviously, your intellectual capacity is different from mine
Yinson recorded a significant improvement in the ESG Risk Rating by Sustainalytics, placing the Group in the top 1st percentile of both the energy services industry and the Oil and Gas Equipment subindustry as of November 2022. The Group was also ranked in the top 17th percentile in the Global Universe.
The Group marked a 4.4-point improvement to achieve an overall ESG Risk Rating of 17.4, placing the Group under the ‘Low-Risk’ category. Sustainalytics rated medium and strong for Yinson's ESG Risk Exposure and overall ESG Risk Management, respectively. The exposure score measures the extent of exposure of material ESG issues to a company and takes into consideration the subindustry and company-specific factors; whereas the management score assesses the robustness of a company's ESG programmes, practices, and policies. Sustainalytics concluded that Yinson’s overall ESG-related disclosure follows best practices, demonstrating the Group’s strong accountability to investors and the public.
Yinson has been awarded the ‘Industry Excellence Award’ under the energy sector at MSWG-ASEAN Corporate Governance Award 2021, in recognition of the Group’s exemplary corporate governance disclosure and practices amongst Malaysian public listed companies.
The Group achieved top recognition in the energy sector for two consecutive years, while significantly improving its overall ranking from 26th in the previous year to 13th in the list of Top 100 companies for corporate governance disclosures in 2021.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....