Oil price, Savannah, Eco Atlantic, Frontera, Serica, Afren And finally…

Crude prices are still subdued as inventories build and production exceeds demand, for the time being. Savannah are close to the Seven Energy deal completing which has significantly enhanced their position in Nigeria. Talking of completing, Eco Atlantic has completed its farm-out to Total in Guyana and are now in a position of considerable strength. Frontera have confirmed that they are still talking to another industry major and Serica has received OGA approval for the Columbus FDP. Afren crooks locked up and also a link to this week's podcast.

Oil price, President, Savannah, Sound, Reabold, Eco Atlantic, Afren And finally…

A poor week for the oil price, reasonably expected I should say and now the Saudis are talking of Opec+ cutting production, which they should. President have spudded the 2nd well in the 3 well programme and Sound are at first casing point in Tendrara. SAVP have submitted the necessary documents to the Niger Ministry to get on with the EPS whilst Reabold note that Corallian have farmed out 10% of P2396 to Talon. Finally, Eco Atlantic via their operator Tullow have 'prioritised' Guyana over Namibia, funny that...

Oil price, President, Afren, Primeline Energy Holdings, And finally…

WTI $46.90 -25c, Brent $49.08 -67c, Diff $2.18 -42c, NG $2.65 -1c  Oil price So, the market got it right and the Fed decided that rates would stay unchanged, having ...