Oil price, Genel, BPC, Angus, GKP, IGas, Touchstone, Helium One. And finally…

After the inflation worries on the street the dollar rose and oil has dipped today after another rise yesterday. The KRG has tinkered with the payment schedule, Genel remain very robust and of course the payment has only been deferred. GKP were also affected but have little to grumble about after declaring another $25m of divvi just today. Angus have finalised their Saltfleetby finance and Helium One have their EIA. A solid statement from IGas with geothermal back in the frame and Touchstone have Q1 results.

Oil price, JOG, Genel, Predator, BPC, Echo. And finally…

Oil remains in reasonably good nick with the inventory stats showing a decent enough draw this week. Results from JOG are in line ahead of the real excitement expected from the GBA, the big prize for Jersey going forward whilst Genel remain full of confidence in its financial strength. Predator has announced that drilling in Morocco is imminent and BPC have also got their wells in Trinidad starting soon. Also results from Echo Energy.

Oil price, BPC, Empyrean. And finally…

Oil remains in a narrow trading range with conflicting issues pulling and pushing the price. BPC has announced a full range of moves including farm-out, renewal of licences, drilling in Trinidad and Suriname and refinancing, board changes and a name change to name but a few. And Empyrean has proposed plans for drilling the exciting Jade prospect on block 29/11 offshore China.

2021-04-23T12:33:38+01:0023 April 2021|Categories: Daily Blog|Tags: , |3 Comments

Oil price, BPC, Echo. And finally…

Oil fell yesterday again on the back of further vaccine worries but also as Petro-logistics note Iran are exporting more and more oil to China and maybe India as well. This morning the price is better as the Suez canal has been closed as a container ship is blocked in the canal. BPC announce news on high-impact exploration in the Bahamas and Uruguay and Echo Energy announces significant increases in new gas contract prices.

2021-03-24T13:07:27+00:0024 March 2021|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Chariot, Angus, President, Echo. And finally…

After all the Hullabaloo oil was even last week, today however it has tipped upwards again. I look at Chariot who have signed a collaboration Agreement with Subsea Integration Alliance for Anchois. Angus Energy are positive after news that their loan has seen substantial subscription. President update on 2020 and give guidance for 2021 whilst Echo publish their bond restructuring details.

Oil price, Genel, BPC, Block, GKP. And finally…

Crude oil continues to rise with Texas freezing over and the market a shambles as companies buy power on the market. With vaccinations rising and Covid cases falling 'dramatically' the US is looking up. Genel update on reserves and resources and remain in a strong position, BPC meanwhile update on post P#1 news and plans for Trinidad, Suriname and Uruguay. Block are selling gas in Georgia at last and GKP also have a positive reserves report on Shaikan.

2021-02-16T14:50:04+00:0016 February 2021|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, BPC, President, Block, PetroTal, Trinity. And finally…

Oil remains strong and as WTI heads to $58 and Brent now over $60 recent moves on supply, stocks and stimulus have given it fresh impetus. Unfortunately the BPC P#1 well, whilst finding oil also said that it was not commercial, the good thing is that it is no longer a solo project company with opportunities to develop acreage in Trinidad, Surinam and Uruguay. President has updated reserves and contingent resources and Trinity has confirmed 2020 numbers with 2021 guidance. Finally I had the opportunity to interview Manolo Zuniga about PetroTal going forward.

Oil price, PetroTal, Wentworth, BPC, JOG. And finally…

Oil marches on, with more vaccines that trade is looking pretty positive. Combined with China positive data and Opec solidity it is as MbS would say 'no time to be short crude oil'. PetroTal has completed its $100m bond issue and is now looking forward with confidence after a tricky year and Wentworth are also in a very strong position both financially and operationally and also reserves wise. Erratum on BPC which got missed out of the IGTV interview and JOG has provided a great video on the GBA plus an updated presentation.

2021-02-02T12:00:55+00:002 February 2021|Categories: Daily Blog|Tags: , , , |0 Comments
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