Oil is up about a dollar on the Opec report. Today Genel announce 3Q and 9 month update with the hope that the Iraqi-Turkish pipeline will re-open imminently. Touchstone also report for the period and with Cascadura flowing the numbers are starting to look exciting.Reabold have had an invalid requisition presented but will reply when a valid one returns. Jadestone have increased their stake in CWLH which looks like a pretty good deal to me. And UOG are losing their CFO and Echo have appointed Stephen Birrell as their new CEO.
After yesterday's bath oil is a bit better today. New from Genel about Tawke production and Afentra get approval from the Government of Angola for the acquisition from Sonangol. Finally, UOG update on Jamaica and Egypt.
Oil has rallied sharply today after a couple of down days this week. I report back from the Morocco Oil & Gas Summit in Marrakesh where a number of UK companies were represented. These include Chariot, Sound and Genel and there were many other companies in attendance, I took the opportunity to meet with ReconAfrica for the first time. Today I also look at announcements from Hunting and Challenger Energy Group.
Oil has given back a dollar today after a week that WTI gained $4.90 and Brent added $6.31. Today Genel announce that oil is being sold locally and PetroTal update the market on the extremely dry season. Finally, Scirocco has announced the completion of the Ruvuma deal.
Oil drifted yesterday but has rallied this morning, Genel have bought back some bonds and IOG announced yesterday that receivers had been appointed, as expected. Yesterday I interviewed Oisin Fanning and the link is here to watch.
Oil has rallied as we go into the final quarter with Opec this week and the Iraq-Turkey pipeline about to re-open. Today San Leon extend longstop dates in the long running deal, Genel are buying back some bonds, Europa update on 4/19 and Scirocco are one stage closer to Ruvuma closing.
Oil is easing as China data is mixed, Genel has announced that they are getting some revenue from Kurdistan as Tawke has reopened selling crude to local oil traders.
Oil takes a breather after +13% in July. Today Genel has results showing the effect of the pipeline closure and Chariot announce further partnerships for green hydrogen projects. Finally I take a short look at Gran Tierra results.
Oil is not short of influences from the short term reopening of the Turkey pipeline to the longer term over demand in the market. This brings Genel and GKP back into play. Touchstone has Q1 results but that's not the story for this year and Predator have raised a little for Morocco activities.
An MOU in Niger from Savannah for 2 solar power stations and an update from Genel about the pipeline. Also another blistering quarterly report from PetroTal.