A good day for oil as the EU talk about banning Russian hydrocarbons. San Leon update on Nigeria things are on the move, Zephyr CEO talks to me about the CPR, and i look at an interview with John Bell of Gulfsands. Finally Far update the market.
After yesterday's rout its happened again today, Covid is still a problem but reports are suggesting that the peace talks in Turkey might have some legs. Union Jack say that Gaffney Cline are opening up the CPR into a wider remit. Savannah has announced a wind farm project in Niger and IOG have a had a minor teething problem at Blythe. Far have announced a change of plan, looking at offers for Gambia farm-out.
Oil is up another dollar today after yesterday's rise on activity in the Ukraine. Today Union Jack explore the ability to distribute profits and I chat to Petro-Victory Energy Corp. Also I look at Far Limited and the Arrow Exploration RNS from yesterday.
Oil remains strong, Chariot are to deliver a solar project in South Africa and Angus completes a placing to remain strong. Far have seen Meridian turning down the A45c bid, the price is already at A65c.
Oil stays obediently at $90 as the Opec+ meeting convenes. Scirocco has the put and the call with Tanzania situation improving and the EAG side also looking good, both could be the future. VOG is really beginning to do well with plenty of upside. Longboat has announced that the Ginny and Hermine prospects where dry and the battle for Far seems to have settled at about A60c. Finally good news vicariously for Eco Atlantic as CGX find oil in Guyana.
Oil is slightly better and a number of companies have announcements today.
Oil is closing the week on a more positive tack, during the week the Covid Delta deviant concerned traders but the market is better again today. Sound has received a 'deal' from the Moroccan tax authorities which looks eminently turn downable. I may look more at Gran Tierra, I'm getting Colombia withdrawal. Far are looking for permission to return money to shareholders and Cairn announced earlier in the week a find offshore Mexico.
A big rise in the oil price which shrugged off a mixed inventory report. Today I mention Far which is now on the way back after all its traumas and Empyrean after its recent raise ahead of drilling Jade.
Oil is quiet, yesterday it was good inventory stats offset by more worries on inflation. Predator announce that the rig is on its way to Guercif, Eco has been further delayed to the Tullow problems, Hurricane have 3 announcements but shareholders should vote to save their equity. I interviewed Steve Bowler CEO og IGas where he talked me through geothermal and hydrogen. Zephyr are also on the move with more wells on stream and earning money.
Oil continues to rise, up over a dollar and change this morning. US and Chinese economic data is trumping virus worries now and the US is opening up. Today Zephyr have a very positive statement out with revenue already coming through, Far has announced a new CFO in July and Helium One completes 2D seismic. Trinity have made an onshore acquisition and SDX kick off the Moroccan drilling campaign.