can someone tell me why this is going ballistic??? why are we the last to know? |
From a news blog quoting her
“To ensure the oil and gas industry can protect jobs and support our energy security… we will maintain the 100% first year allowances and the decarbonisation allowance too.” |
Yes, she said it |
I heard it too mickinvest |
Headline all as expected, bad, bad, bad for the NS. But something must be positive given the gain here and at the likes of JOG |
I did suggest they might see sense. |
100% FY allowance left in place I think must be the “good” news |
29% investment allowance removed |
What's the great news |
Great news in the budget for SQZ |
Just got my dividend today.13p in the bank. Pleased. |
Budget leak? |
Very impressive performance today after negative rns and BP, SHEL, HBR etc all down. |
Wonder if the small turn around is due to any budget leaks re capital costs? |
Companies may leave the LSE sawney but that's in no way due to a possible Trump victory, Harbour have already indicated leaving as well. |
Why does the Triton only operate one Gas compressor? It’s a single point of failure, it looks like it’s a single seal assembly rather than double or tandem both would allow the compressor to run until the spare seal is available. This is poor, the Triton is outdated. |
Suspect some outfits will leave the London/LSE. Shell have already talked about it... |
Explain why Trump makes a difference?
If you think it's "drill baby drill" with WTI in the $60's, then don't bother answering. |
The Treasury will lose a lot more than that if/when Trump gets in...:-) |
Suppose the only good thing is 75% of the loss in profit is to the treasury 😵8171; |
Any intrusive tie ins to existing facillities would normally be carried out during a planned shutdown. |
Could have done without that, but back online in a couple of weeks, although further downtime when they install the 2nd pump next yr? |
 Update on Triton FPSO
Serica Energy plc (AIM: SQZ) announces that production via the Triton FPSO has been interrupted owing to a problem with the single gas compressor in operation. A potential dry gas seal failure was identified in the 'A' gas compressor during operations on 26 October. This did not result in a leak of hydrocarbons. The FPSO operator, Dana Petroleum, is working to identify and execute the necessary repair. As indicated in the announcement of 2 October, the Company's ability to maintain full year production guidance of towards the bottom of the 41,000 to 46,000 boepd range was dependent on sustained production levels of around 50,000 boepd in Q4. Given the outage of production from Triton, Serica's production for 2024 is now expected to be slightly below this previous guidance.
As previously stated, actions are being taken to reduce the operational vulnerability of the Triton FPSO by bringing the second compressor into service. The date for this is likely to be delayed by the corrective work on the 'A' compressor and is now expected to be in Q1 2025. Production from Serica's other assets is currently in line with expectations, with cash flow aided by the recent level of gas prices. The average month to date market gas price is 97.9 pence per therm, the strongest so far in 2024.
Serica will issue a trading and operations update in mid-November, by which time production on the Triton FPSO is expected to have resumed. The addition of production from the GE-05 well on the Gannet field (SQZ: 100%) is expected shortly after the resumption of production. |
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