Oil is up again after the Yemeni action against the UAE. Genel has announced a strong trading update and Sound has announced that it is them who are one of the bidders for Angus. Finally, Chariot have had another really good testing time at Anchois which looks set very well indeed.
Oil is quiet again and is staying right in the middle of the range. Today Union Jack have a very positive update out on Wressle and Genel announce that CFO Esa Ikaheimonen is leaving after the results. Finally Block has an update in which progress is being made.
2022 Bucket List.
Ahead of the Opec+ Ministerial Meeting this afternoon Brent is knocking on $80 as the 400/- b/d increase is likely to be rolled over. Genel have stopped drilling the Qara Dagh well with technical difficulties but hope to return whilst Longboat has spudded the Ginny and Hermine well. GKP has received Shaikan repayments from the KRG and the arrears are also down too and IGas have completed their RBL redetermination.
The prospects remain healthy for oil stocks going into 2022. Malcy looks back and discusses the prospects for the year.
Oil is slightly better and a number of companies have announcements today.
The 2021 Bucket List results.
Oil is down again today as the Omnicron variant runs rampant and countries increase lockdown arrangements. Kistos has commented on a press comment that it may be in discussions with Total re West of Shetlands gas assets and Savannah has updated on its approval of its Niger licences and expects news soon on its Admission Document and return from suspension. Zephyr announces that it has a short delay in its Williston Basin acreage acquisition and Genel farms out in Somaliland. Finally Wentworth has announced that it has started the buyback that it launched on Friday.
Oil is unchanged this morning, Omicron is hitting hard but today Pfizer say that their Covid drug reduces risk of hospitalisation and death by 89% and that further major shut downs just cannot be justified even if it may be more transmissible. IOG are nearly there at Phase 1 but have a very small delay in commissioning at Bacton and Savannah have announced near completion of deals with Petronas and Exxon Mobil in Chad and Cameroon. I interviewed Atome CEO Olivier Mussat and SDX have a modest delay in Morocco.
Oil bounces as people think Omicron isnt as bad as first thought, its like flu apparently...Just Waiting for the Royal Dutch moniker to be removed from Shell, Genel are in a legal fight with the KRG about Bina Bawi and Miran and Hurricane are buying back the bonds. Echo have updated the market quietly, IGas have joined an industry group whilst President announce the Atome details.