Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
U.S.-dollar Libor transition enters critical phase for leveraged loan market
By John Mccrank
June 30, 2022
3:39 PM CDT
Last Updated 3 days ago
NEW YORK, June 30 (Reuters) - The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer Rate, or Libor, for existing U.S. dollar-denominated contracts, and volatile market conditions have delayed the switch to new rates for some market participants.
"We have 12 months until D-Day from a legacy paper perspective," said Tal Reback, who leads KKR's global Libor transition effort across private equity, credit, capital markets and real estate. "The next six to nine months are really the critical range because you alreadylost a few months due to market volatility this year," she said.
In the leveraged loan market, unsettled market conditions have prevented many issuers from tapping the markets, which is when they would normally revisit existing debt and potentially convert it to another interest rate benchmark, slowing the transition, Reback said.
According to JPMorgan and IHS Markit, 87.8% of leveraged loans are still linked to Libor.
Once dubbed the world's most important number, Libor has been used globally to price everything from mortgages and student loans, to derivatives and credit cards, worth hundreds of trillions of dollars. read more
Regulators mandated Libor's end after fining banks billions for rigging the rate, and have recommended market participants use alternatives compiled by central banks, such as the Federal Reserve's secured overnight financing rate (SOFR). read more
Calculated in five currencies, Libor was largely phased out for new contracts at the end of 2021, though the bulk of existing U.S. dollar-denominated contracts have until June 30, 2023 to make the switch.
https://www.reuters.com/markets/europe/us-dollar-libor-transition-enters-critical-phase-leveraged-loan-market-2022-06-30/
They just updated and extended both PSC’s, for blocks 5 and 6, till 2024. Maybe now they can do block 4.
Nd9
Krombacher, note the date below. So as I thought, the day does come before the month.
ND9
Fourth Amendment to PSC for Block 12
National Petroleo Agency; Sao Tome; 24-06-2022
Read more...
http://www.grip.st/?cntnr_docinf=docinf&search=#
Block 11 and 12 Production Sharing Contracts signed recently, in 2022. More good news. There is definitely activity brewing in EEZ.
ND9
RKT989, I don't think so. Column E is the initial, column G is the actual.
JMHO
ND9
Also notice on spreadsheet Block 5 & 6 extensions to 2024.
I think that is good news also..
Nd9
I think in Portuguese language, the day comes first, before month. Reversed.. I think..
The ERHC sec filing is what erhc thinks.. This spreadsheet is important because it is what the government of STP thinks.. there’s a difference.
Nd9
STP GRIP (i.e., Cabinet Registry of Public Information)
This website has lots of good documents, showing amendments to STP EEZ blocks. However, it also has a link showing STP EEZ Block authorizations (i.e., designations).
Note the date, at top of excel spreadsheet, July 9, 2021. Then note Block 4 designation: n.a. (nao atribuido) which means "not assigned."
Hmmm, not assigned? So maybe they are waiting for Block 6 results before identifying new Block 4 owner? Very, very interesting.
ND9
https://www.anp-stp.gov.st/index.php/pt/2016-01-27-02-03-36/autorizacoes
I have said it many times. Kosmos is producing 30,000+ barrels of oil, each day, in Equitorial Guinea. During the oil crisis almost 2 yrs ago, the Kosmos CEO panicked and sold and or got rid of, almost all the International Exploration acreage, including Suriname, Namibia, Sao Tome, Congo, etc, etc... He did this to raise money.
However, Kosmos kept EEZ Block 5 and they were fighting over EEZ Block 4. Why? Why did they get rid of, almost all of their unexplored acreage, but want to keep Block 5 and fight for Block 4? Because you can draw a straight line, East to West, from Kosmos fields in EG, straight into STP EEZ Block 5 (where Kosmos has already identified a prospect to drill) and into STP EEZ Block 4. Kosmos believes there is oil along that East to West line..
ND9
First-Ever 8th Gen Drilling Juggernaut Delivered To Transocean
by Bojan Lepic|Rigzone Staff|
Wednesday, June 29, 2022
The first-ever newbuild 8th generation drillship, the Deepwater Atlas, has been delivered in Singapore to U.S. offshore driller Transocean.
Based on Sembcorp Marine’s proprietary Jurong Espadon 3T design, Deepwater Atlas is the first of two ultra-deepwater drillships built for Transocean, the other is Deepwater Titan.
Both units are of the highest specifications and the only pair in the world to feature net 3-million-pound hook-load hoisting capacity and well control systems with the ability to accommodate a 20,000-psi drilling and completion operations. Currently, the drillship has a 15,000-psi blowout preventer.
“The successful construction and delivery of Deepwater Atlas is a testament to Sembcorp Marine’s continuous progress up the value chain and its proven capabilities and track record in providing leading-edge advanced drilling rig solutions,” Sembcorp Marine said in a statement on social media.
The drillship is capable of operating at 12,000 feet water depth and drilling to depths of 40,000 feet. It also operates with a lower level of emissions as it uses hybrid power with an energy storage system.
With the capacity to accommodate a crew of 220, the drillship is designed and equipped to optimize fuel consumption and lower emissions to support the industry’s commitment to a reduction in the carbon footprint.
“Sembcorp Marine’s continuous investments in innovation and technology development over the years have enabled the group to move up the value chain to develop industry-leading designs and solutions. We are very pleased to partner with Transocean to raise the bar for the design and build of the next generation ultra-deepwater drillships,” Wong Weng Sun, Sembcorp Marine's chief executive, said.
It is worth reminding that both the Deepwater Titan and Deepwater Atlas were ordered by Transocean back in 2014 for $540 million each, but the deliveries were postponed several times for different reasons. After several deferrals, it was agreed that one of the rigs would be delivered in December 2021 while the other would be delivered in May 2022.
Obviously, neither deadline materialized, and the Deepwater Atlas is the first drillship delivered with a contract already lined up.
Namely, it was hired by Beacon Offshore for drilling operations on the Shenandoah project in the U.S. Gulf of Mexico to start during the fourth quarter of 2022 – according to Transocean’s latest fleet status report. Transocean won the $252 million firm contract for the Deepwater Atlas back in August 2021.
The dayrate for the Deepwater Atlas is $315,000 until the third quarter of 2023. At that time, a 20,000-psi blowout preventer will be installed for continued operations with Beacon at a dayrate of $455,000 for one year from the fourth quarter of 2023.
The second drillship – the Deepwater Titan – is contracted to Chevron for five years also in the Gulf of Mexico starting in the first quarter of 2023 at $455,000 per day.
To contact the author, email bojan.lepic@rigzone.com
https://www.rigzone.com/news/firstever_8th_gen_drilling_juggernaut_delivered_to_transocean-29-jun-2022-169509-article/?utm_source=GLOBAL_ENG&utm_medium=SM_LI&utm_campaigns=FANS
TotalEnergies Angola Kaombo project could be similar to a JDZ/EEZ project
ND9
************
The Kaombo project is located in Block 32, a concession that TotalEnergies operates with a 30% stake. Its aim is to tap into the oil deposits spread across six fields - Gengibre, Gindungo, Caril, Canela, Mostarda and Louro - connected via 300 kilometers of subsea pipelines to two Floating Production, Storage and Offloading (FPSO) vessels: Kaombo Norte and Kaombo Sul.
This massive, complex project has some unique characteristics:
First, the water depths involved, which reach up to 1,950 meters. The extreme temperature and pressure conditions at such depths require the use of technology that is both reliable and cost-effective. Given these unprecedented depths, the Kaombo project is perfectly aligned with TotalEnergies' strategy of rising to the challenge of ultra-deep offshore.
Second, Kaombo’s reserves, which are estimated at 658 million barrels, for a production capacity of 230,000 barrels per day (b/d).
Third, the project’s particularly complex production system. In order to tap into oil deposits spread across six fields, covering a surface area of 800 square kilometers, Kaombo required the installation of 59 wells, making it the largest subsea well system in Angola for a single project. Some 300 kilometers of subsea pipelines now enable the six groups of reservoirs to be tied back to two FPSO units.
Continued ............................
https://totalenergies.com/energy-expertise/projects/oil-gas/deep-offshore/kaombo-ultra-deepwater-offshore-project#:~:text=Launched%20in%20April%202014%2C%20Kaombo,TotalEnergies%27%20greatest%20technical%20feats%20ever.
Unless they had technical issues and the drilling was delayed. That could have happened. Who knows? I hope not. I hope they found something massive.
JMHO
ND9
U.S.-dollar Libor transition enters critical phase for leveraged loan market
By John Mccrank
June 30, 2022
3:39 PM CDT
Last Updated 3 days ago
NEW YORK, June 30 (Reuters) - The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer Rate, or Libor, for existing U.S. dollar-denominated contracts, and volatile market conditions have delayed the switch to new rates for some market participants.
"We have 12 months until D-Day from a legacy paper perspective," said Tal Reback, who leads KKR's global Libor transition effort across private equity, credit, capital markets and real estate. "The next six to nine months are really the critical range because you alreadylost a few months due to market volatility this year," she said.
In the leveraged loan market, unsettled market conditions have prevented many issuers from tapping the markets, which is when they would normally revisit existing debt and potentially convert it to another interest rate benchmark, slowing the transition, Reback said.
According to JPMorgan and IHS Markit, 87.8% of leveraged loans are still linked to Libor.
Once dubbed the world's most important number, Libor has been used globally to price everything from mortgages and student loans, to derivatives and credit cards, worth hundreds of trillions of dollars. read more
Regulators mandated Libor's end after fining banks billions for rigging the rate, and have recommended market participants use alternatives compiled by central banks, such as the Federal Reserve's secured overnight financing rate (SOFR). read more
Calculated in five currencies, Libor was largely phased out for new contracts at the end of 2021, though the bulk of existing U.S. dollar-denominated contracts have until June 30, 2023 to make the switch.
https://www.reuters.com/markets/europe/us-dollar-libor-transition-enters-critical-phase-leveraged-loan-market-2022-06-30/
Yeah but if you read, you’ll see this is the Washington mutual tied to bankruptcy assets and why you see Brian rosens name. Those aren’t all the assets and subsidiaries.. just what was part of bankruptcy...
Royal Dude, I still don't understand how this applies to us.
D-MARKET Electronic Services & Trading offers an e-commerce platform in Turkey and the surrounding region. The company is comprised of one reportable segment, namely e-commerce operations. The Group derives revenue from the sales of goods, marketplace revenues, and other revenues.
7/1/2022 - Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 07/01/2022
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.
Notice of Intent to Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver
10074 Founders Bank Worth IL 07/02/2009
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201.
No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 28, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-14136 Filed 6-30-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/07/01/2022-14136/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
7/1/2022 - Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 07/01/2022
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.
Notice of Intent to Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver
10074 Founders Bank Worth IL 07/02/2009
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201.
No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 28, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-14136 Filed 6-30-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/07/01/2022-14136/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
China's investment to modernize and expand São Tomé airport could reach US$100 million
ByNon-screen
posted on 29 June 2022
The value of the project under the cooperation agreement between Sao Tome and Principe and the People's Republic of China for the expansion and modernization of the international airport is valued at US$100 million.
The figure was defined in the framework of bilateral cooperation as a donation and was announced on Wednesday at the signing ceremony of the agreement to implement the project for the expansion and modernization of the international airport.
Signed on the premises of the ministry of infrastructure, The Minister of the Presidency Wando Castro in place of the holder of the infrastructure portfolio, stressed the previous actions defined in the implementation agreement and that the Sao Tome should take place in the next 6 months.
« Namely the acquisition of land for installation of the construction site, and also for the expansion zone of the track. We have to resolve the issue of access to the airport, as well as the extension of the electricity and water network to the work," said Minister Wando Castro.
On behalf of the International Cooperation Agency of the Ministry of Commerce of the People's Republic of China, Zhou Jun (pictured below) described the actions that the Chinese side will take under the project implementation agreement.
« Our side will discuss the preliminary design with the Sao Take side. After defining the preliminary design, our part will prepare the specification and the list of works to be carried out " pointed out Zhou Jun.
Hao Qinmei, Economic and Trade Adviser at the Chinese Embassy in Sao Tome and Principe, signed the agreement on the Chinese side, and expressed confidence that the construction work would soon be completed.
« This agreement means that we are closer to the conclusion of the project. I believe that with the collaboration of both parties, this day will come as soon as possible "Stated the Counselor of the Chinese Embassy.
In turn, Wando Castro, Minister of the Presidency of the Council of Ministers and of New Technologies, said that the expansion and modernization of São Tomé's international airport is a structuring work of the São Tomé State. « This project will allow us to unlock the country », underlined the minister.
The requalification of the buildings annexed to the airport is one of the actions of the modernization of the airport space. The project also foresees increased aircraft parking capacity, and a strengthening of national technical capabilities in the field of air traffic control.
« I believe that within 6 months we will be laying the first stone for the beginning of the works »concluded the minister of the presidency and the council of ministers.
Wando Castro replaced the infrastructure minister, Osvaldo Abreu, who was absent from the country. The Minister acknowledged that the international airport project belongs to Sao Tome and Principe. There will be a government that will participate in the elaboration of the project, another government in the laying of the stone for construction, and it may be that the completed work will be inaugurated by another government.
Project to extend the runway of the international airport
The important thing is that each one gives his/her cooperation so that São Tomé and Príncipe has a modern airport and an effectively international category.
Abel Veiga
https://www-telanon-info.translate.goog/politica/2022/06/29/37729/37729/?_x_tr_sl=pt&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
Split T, great catch. I didn't make that connection. Nice work. Interesting.
thanks,
ND9
Lots of negative articles about USAA Bank/Mortgage
Just google USAA Bank/Mortgage and search... you'll find all the articles below
********************
A look inside USAA’s ‘catastrophically mismanaged’ compliance culture
By Jaclyn Jaeger
Fri, May 6, 2022 10:00 AM
San Antonio’s USAA Bank racks up huge losses on falling revenue, rising costs over last 2 years
Photo of Patrick Danner
Patrick Danner
Staff writer
Feb. 24, 2022
Updated: Feb. 25, 2022 2:28 p.m.
USAA is fined $140 million for bad money laundering controls.
Regulators say the bank, which mainly serves U.S. military members, failed to keep track of its customers’ suspicious activities despite repeated warnings that it needed to improve.
Whistleblower: USAA ‘actively lying to regulators for years’ regarding violations of law
Jaclyn JaegerBy Jaclyn JaegerFri, May 6, 2022 10:00 AM
USAA completes first overhaul of mobile app in 10 years
By Miriam Cross
April 18, 2022, 2:49 p.m. EDT
3 Min Read
San Antonio’s USAA Bank under fire from former employee
Patrick Danner
Josie Norris / San Antonio Express-News
A former USAA Federal Savings Bank employee has gone public with allegations that the bank “ripped off” customers and committed other financial crimes, charges the San Antonio institution calls “baseless.”
Japan Offers N910m To Nigeria For Gulf Of Guinea
By Faruk Shuaibu
Thu, 30 Jun 2022 05:14:05 GMT
The Government of Japan has promised a ¥300 million (about N910m) grant to the federal government to procure high-speed boats to protect the Gulf of Guinea from piracy.
Speaking at the signing ceremony of exchange of notes for the economic and social development programme in Abuja, the Ambassador of Japan to Nigeria, Matsunaga Kazuyoshi, noted that the security of the gulf is important to deepen the $1bn annual trade transaction between Nigeria and Japan adding that the route has served as a facilitator of goods traded between the two countries.
“The security of the Gulf of Guinea is of vital importance not only to Japan and Nigeria but to the whole of West Africa. The cooperation between our two countries will serve as a good example to support the self-sustaining economic and social development of African countries,” he said.
While stating that the Nigerian Maritime Administration and Safety Agency’s (NIMASA) Deep Blue Project has reduced the number of piracy incidents in the gulf, he expressed satisfaction with the federal government’s determination to end piracy.
The Minister of State, Budget and National Planning, Prince Clem Agba, said piracy in the Gulf has led to Nigerian shippers being surcharged by multinational shipping lines when bringing goods into the country.
The minister, while appreciating Japan for being a consistent partner in Nigeria’s development drive, said the project is in line with the National Development Plan (NDP) 2021-2025.
The Director General of NIMASA, Dr Bashir Jamoh, said the high-speed boats would help to reinforce coastal security in the gulf as over 60 per cent of shipping activities in Africa pass through Nigerian waters.
https://dailytrust.com/japan-offers-n910m-to-nigeria-for-gulf-of-guinea
AZCowboy, I thought we released JPM, the fdic-r, and fdic-c. Is that correct or are you saying it is somebody else?
Thanks
Nd9
Relatively speaking, still a good day rate. I remember when it was $500k+/day.
Opus, yes, I did that and have been posting that Maersk link. Note the Maersk link doesn't have a date. So you really don't know if it is current or not. The link I just posted an hr ago or so, had the date June 22 with coordinates. I don't know if it's accurate, but I don't think you can just disregard it because of Maersk website with no time stamp. Clearly the link I posted, says Maersk Voyager, June 22, and give coordinates offshore Namibia.
JMHO
ND9
Hmmm, did Maersk Voyager move? See link below and plot coordinates. From June 14, 2022. If accurate, these coordinates are offshore Namibia.
ND9
*************************************
NAVAREA VII 276 OF 2022: (14 JUN 22)
1. SOUTH ATLANTIC AND INDIAN OCEAN SECTORS
2. ANGOLA, NAMIBIA, SOUTH AFRICA AND MOZAMBIQUE
3. CHARTS SAN 1, 4, 5, 27 (INT 204), 28 (INT 700), 75 (INT 2630), 81 (INT 7510), BA 307, 311, 604, 3877
4. RIG LIST
A. 06 – 21.20 S 011 – 09.11 E KIZOMBA B
B. 07 – 18.56 S 011 – 16.89 E DEEP WATER SKYROS (NEW)
C. 07 – 27.97 S 011 – 32.08 E WEST GEMINI (NEW)
D. 22 – 48.65 S 014 – 30.50 E DEEPWATER ORION
E. 22 – 51.83 S 014 – 27.78 E WEST ECLIPSE
F. 29 – 28.60 S 013 – 15.90 E MAERSK VOYAGER
G. 07 – 40.43 S 012 – 05.99 E QUENGUELA
5. 4 NM EXCLUSION ZONE AROUND RIGS DUE TO PRESENCE OF UNLIT ANCHOR
MARKING BUOYS.
6. CANCEL NAVAREA VII 266 OF 2022
7. UNTIL FURTHER NOTICE
https://www.sanho.co.za/notices_mariners/navarea_v11_messages.htm?b2=NAVAREA+VII
Not to mention the Naysayers for 14 yrs
6/23/2022 Latest listing - Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 06/23/2022
Notice of Intent to Terminate Receiverships Fund Receivership name
City State Date of appointment of receiver
10021 Franklin Bank, SSB Houston TX 11/07/2008
10043 Security Savings Bank Henderson NV 02/27/2009
10061 BankUnited, FSB Coral Gables FL 05/21/2009
10062 Strategic Capital Bank Champaign IL 05/22/2009
10063 Citizens National Bank Macomb IL 05/22/2009
10185 La Jolla Bank, FSB La Jolla CA 02/19/2010
10343 Charter Oak Bank Napa CA 02/18/2011
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person
wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201.
No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 17, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-13433 Filed 6-22-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/06/23/2022-13433/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
6/23/2022 Latest listing - Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 06/23/2022
Notice of Intent to Terminate Receiverships Fund Receivership name
City State Date of appointment of receiver
10021 Franklin Bank, SSB Houston TX 11/07/2008
10043 Security Savings Bank Henderson NV 02/27/2009
10061 BankUnited, FSB Coral Gables FL 05/21/2009
10062 Strategic Capital Bank Champaign IL 05/22/2009
10063 Citizens National Bank Macomb IL 05/22/2009
10185 La Jolla Bank, FSB La Jolla CA 02/19/2010
10343 Charter Oak Bank Napa CA 02/18/2011
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person
wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201.
No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 17, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-13433 Filed 6-22-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/06/23/2022-13433/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
.. and don't forget GALP is official “operator” of STP eez block 6 so the announcement associated with what they found might come through them (galp)…. Realizing it was kosmos and Shell that did the real engineering work and galp was learning..
I agree with you. I also think they found something big.. Unless they had some well/drillship technical difficulty that caused a delay…. However, I think we would have heard about that..
There is oil in STP EEZ. That is why Shell bought the kosmos rights to block 6, why Maersk voyager has been in same block 6 spot for 60 days, why kosmos kept block 5 during their CEO’s panicked fire sale, and why Total and Kosmos were fighting over block 4.
Maersk website also shows current location of Maersk Voyager drillship as Sao Tome Principe. Hasn't moved.
ND9
https://www.maerskdrilling.com/what-we-do/rigs/drillships/maersk-voyager
53 days since spud date and Maersk Voyager still in same spot. I think that is very good news. If this was a dry hole, they would have moved on long ago.
ND9
https://www.shiplocation.com/vessels/MAERSK-VOYAGER/MARINE-TRAFFIC/9633575
50 days since jaca-1 spudding and not a peep. Assuming marine tracking website is correct, looks like Maersk voyager is still in same spot for last 50 days. So Shell has either found oil or maybe they had some technical issue that delayed them.. because with no technical issues, they hit target reservoirs long ago.. I think they found oil..
Nd9
NII willingly sold their operations in Brazil. So the shareholders received an agreed upon compensation. Seems very different from WAMU who was seized, went into bankruptcy, and shareholders had little choice.
"In addition to his PhD from the University of London, he holds five other degrees including a Master of Science from the University of Oxford, a Master of Laws from the University of London (where he was a Chevening Scholar) and a Master of Science (Management) from Brunel University, London."
45 days since JACA-1 was spudded and still no word. Looks like Maersk Voyager drillship still in same place. The longer they stay in same location and we hear nothing, the better. It might mean they struck oil.. we’ll see..
ND9
Two Federal Holidays coming up soon:
Monday, June 20 Juneteenth National Independence Day
Monday, July 04 Independence Day
Thanks AZCowboy! I am praying that you are correct and we are nearing the end of this 14 yr crime/saga. The AZ Rock!
Thanks again,
ND9
AZCowboy, thanks for your thoughts. Do you have a guess on when us escrow holders might get a disbursement?
Thanks
Nd9