Oil price, San Leon, Angus, Ithaca. And finally…

Oil gave back last weeks gains after a Danish paper suggested that leading shipping companies had cut a deal with the Houthi rebels. Elsewhere today San Leon are still awaiting the money from TRAM and Angus are producing well from Saltfleetby. Finally Alan Bruce has left Ithaca and a new CEO is to be appointed.

2024-01-08T17:06:10+00:008 January 2024|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Reabold, Angus, Rockhopper, Petrofac. And finally…

Oil is better today after a good day yesterday when Brent rose by over a dollar and the February WTI contract arrived in line. Today Rockhopper announce a monetisation of the OM award, Reabold update on Colle Santo and Angus restructure their debt. And Petrofac have a trading update and a good order book.

2023-12-20T15:56:41+00:0020 December 2023|Categories: Daily Blog|Tags: , , , |3 Comments

Oil price, Challenger, Predator, Angus. And finally…

Oil has fallen a couple of bucks today, economic news started with the Aussie Central Bank raising rates the Chinese trade data confused and the oil complex fell. Meanwhile retail gasoline prices continue to fall in the US, a gallon of Exxon's finest averaged some $3.396 per gallon last week, down another 7.7c on the week, 28.8c on the month and 40 cents year on year. Today challenger and Predator complete their deal in Trinidad and yesterday Angus updated the market on Saltfleetby.

2023-11-07T15:31:16+00:007 November 2023|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, AOW roundup, US stocks, Sound, Angus. And finally…

Oil will end up on the week, no surprise there then and we wait to see how Israel unfolds over the weekend. Today I assess the state of the oil market, take a look at the exciting M&A situation in US oil stocks and round up from Africa Oil Week. I also watched the Sound Energy video which shows considerable progress and have repeated the Angus interview with Richard Herbert from earlier in the week.

Oil price, Chevron, Angus. And finally…

Oil was up a bit on the week and a little higher today. Chevron have released 2Q results a few days early, beating the whisper and also pointing out that they could pay all the divvis and the capex at prices well below $50 oil. AND, they paid out $7.2bn last quarter. On Friday Angus updated the market on debt and hedging as well as production data.

2023-07-24T10:52:57+01:0024 July 2023|Categories: Daily Blog|Tags: , |0 Comments