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Oil price, San Leon, Reabold, Sound, Ithaca. And finally…
Oil is quiet today after the post Opec fall. Today San Leon have good news from Decklar, Reabold look better in Italy, Ithaca complete Cambo and Sound has seen a £250,000 conversion.
Oil price, PetroTal, Eco Atlantic, Predator. And finally…
Oil is quiet ahead of the Opec meeting which has just started. Today PetroTal announce the commencement of the well 16H and the third ESG report whilst Eco Atlantic have 3Q results. Meanwhile Predator looks forward to the rigless testing programme at Guercif and has signed an MoU with Afriquia GAS S.A.
Oil price, Arrow, Southern, Trinity. And finally…
Oil is up a little today ahead of the Opec meeting tomorrow. Today we have 3Q figures from Arrow and Southern and an update on the Jacobin well from Trinity.
Oil price, Scirocco, Longboat.
In a quiet market oil is trading up ahead of Thursday. Today Scirocco make a change at Board level and I listen to the Longboat presentation.
Oil price, San Leon, Reabold, Sound, Ithaca. And finally…
Oil price, San Leon, Reabold, Sound, Ithaca. And finally...
WTI (Jan) $75.96 -$1.90, Brent (Feb)* $80.86 -$3.13, Diff -$4.90 -34c. USNG (Jan) $2.80 u/c, UKNG (Jan) 107.8p +4....
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Voluntary cuts that are out so far all lasting till the end of q1 2024:
Oman: 42k/ Kazakhstan 82k/ Russia 500k / Saudi Arabia 1 million/ Kuwait 135k / Algeria 51k #OOTT
It looks like OPEC has gone with what I surmised in the blog, 1m b/d of cuts plus 1m from Saudis for Q1 2024
#JOG is delighted to announce it has agreed to farm-out a 30% interest in the GBA licenses to Serica Energy.
The farm-out results in JOG having a fully funded 20% working interest in the on-going Buchan redevelopment project.
Read more here: https://tinyurl.com/6cjn68yb
Despite the volatility in the global economy, @OPEC+ recently reported a positive outlook for growth in oil demand.
Learn more about OPEC+’s insights here ➡️
@MariaalLola @Jerseyoilandgas @SericaEnergyplc @ZaksTradersCafe @mgrahamwood Andrew Benitz, CEO of Jersey Oil & Gas, commented :
"We are thoroughly delighted to announce the farm-out transaction with Serica Energy. Not only does it bring a further high-quality partner into the joint venture, but it unlocks exceptional value for the Company"
#oilandgas
This is a great deal for @Jerseyoilandgas who have worked hard for some time to deliver this world class asset that will be at the forefront of low carbon developments. Also now a good partner in @SericaEnergyplc who couldn’t be better for JOG and NEO if they had hand picked them
RUSSIA, SAUDI ARABIA IN AGREEMENT TO DELAY MEETING DUE TO OUTSTANDING ISSUES AROUND SOME OTHER PRODUCERS - OPEC+ SOURCE
We note that Ireland’s recently published Energy Security report acknowledges the continuing role of gas up to 2050 and restates the validity of existing exploration licences like Europa’s 100% owned FEL 4/19 at Inishkea West. #EOG
Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.