Oil falls again after Joe Biden rallies countries to sell down their strategic holdings, only so much this weak tool can do, then its gone...Wentworth announce an MOU with Vitol and SDX restart drilling in Morocco. Pharos yesterday had good well news from Vietnam which makes them even change
Oil is steady at the lower levels and today I'm concentrating on a really excellent update from PetroTal and also Diversified Energy who presented this week in Houston.
Oil is down with Covid blamed while natural gas is up after Germany delays the Nord Stream 2. Chariot have another deal with Total Eren which should be big news for them. Sound is shuffling the board, Graham Lyon continues to be smart.. The DEC CMD has just finished, way too late now to write it up but it was very positive indeed, a really good message from a turnout of all senior execs.
The trading range for oil seems to be pretty tight, there is little doubt that stocks will continue to fall and that 1Q 2022 will be the battleground. Yesterday Kistos had more good news and today VOG provide an exceptional update. Far have spudded a very interesting exploration well in The Gambia and Coro has a binding JV agreement in Vietnam.
Oil will be slightly down on the week after a mix of news and Opec being somewhat more cautious. DEC announce that it has monetised some of the Haynesville assets bought in the summer and UOG have spudded again in Abu Sennan. Finally, Block have had a disappointing result at WR-B1a.
Oil is quiet and staying neatly in the trading range and with demand firm that is likely to stay the same for a while. DEC has expanded its emissions detection capability and I expect to hear more next week. Union Jack Oil has announced that they will do a Q&A session with shareholders on Proactive next week.
Oil starts this week on the front foot after last weeks weakness and we remain in the current trading range. Results from Kosmos were in line and the company looks in good nick right now. Petrofac has won a $96m contract, much more to come I suspect. Finally Touchstone has made a discovery at Royston-1 with what to me looks like a potentially valuable hydrocarbon find.
Oil drifted nicely as Opec+ made up their minds and then kept the same policy. Today Genel announce KRG payments and President updates on operations and Atome.
Oil fell yesterday ahead of today's Opec+ meeting, just what they wanted...Today Genel have a trading and operational update whilst Wentworth appoint a COO and Cairn is to become Capricorn.
Oil is a bit better today, lots of big boys and girls meetings this week. Sound confirm extension of Phase 1 LNG SPA until 30 November and Savannah has commenced gas sales to First Independent Power Limited's power plant, FIPL Afam, in Nigeria. President announce the new CEO for Atome and results from Gran Tierra and a raise from Zenith.