Tag: Afren

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.

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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…

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WTI $43.20 -78c, Brent $46.81 -73c, Diff $3.61 +5c, NG $2.09 +3c Oil price The API stats came in late yesterday and although they showed a slightly bigger than expected rise of 4.1m barrels (F/c 3.4) there was a small …

Oil price, Pantheon, Victoria Oil & Gas, Circle Oil, Sundry-Plexus-Afren- And finally… Read More »

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WTI $49.43 +$1.62, Brent $53.05 +$1.72, Diff $3.62 +10c, NG $2.50 +2c Oil price Another hike in the crude price yesterday and as not much has changed on fundamentals we should assume that the market is adding a modest geopolitical …

Oil price, Ithaca, Petrofac, President, Afren, And finally… Read More »

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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 said what they did it looks like next year now …

Oil price, President, Afren, Primeline Energy Holdings, And finally… Read More »

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WTI $42.43 -$1.07, Brent $49.22 -44c, Diff $6.99 +63c, NG $2.79 -14c Oil price Another bad day particularly for WTI, as domestic pressures in the US are at present creating an unpleasant backdrop and the chart looks very wobbly indeed. …

Oil price, Afren, And finally… Read More »

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WTI $43.87 -79c, Brent $48.61 -91c, Diff $4.74 -12c, NG $2.80 -1c Oil price The oil price continues to make no headway against a tide of bad news that includes the Chinese trade stats, a strong dollar post the NFP numbers …

Oil price, Rockhopper, Sound Energy, Afren, Tethys, Sundry-Onshore round-Kurdistan- And finally… Read More »

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WTI $47.12 -$1.40, Brent $52.21 -$1.10, Diff $5.09 +30c, NG $2.72 -5c Oil price Last month was not pleasant for the oil price, WTI lost $12.35 or 20.8% of its value whilst Brent shed $11.38 or 17.9%. All the problems …

Oil price, Afren, Trinity, Sundry-Exxon-Chevron-BG-Petroceltic-ENOC/Dragon-Soma- And finally… Read More »

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WTI $48.14 -31c, Brent $54.62 -65c, Diff $6.48 -34c, NG $2.78 -4c Oil price A short and late blog as I have been busy with meetings, today’s is primarily for record. Another bad week for the oil price with WTI …

Oil price, Afren, Sundry-BP-Shell- And finally… Read More »

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WTI $50.89 -2c, Brent $57.72 +21c, Diff $6.83 +23c, NG $2.87 +2c Oil price The oil price drifted last week mainly as a result of the conclusion of the Iran nuclear talks. I detailed the time-frame in the blog which …

Oil price, Tullow, 88 Energy, Afren, Shell, Sundry-Halliburton-Independent Oil & Gas, And finally… Read More »

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