Two big up days and today oil is taking a breather, down just over a dollar at time of writing. Today sees Genel shareholders switching about a bit and Sound has a detailed and interesting update. Hurricane have a good CPR and production report.
Oil was down last week and is now off another 3 bucks today. Ineos boss Sir Jim Ratcliffe make a very good case for fraccing in the Sunday Telegraph. DEC have published their sustainability report and Genel detail KRG sales and payments. Angus have done a small raise today, wise given the bidding timetable has overrun a bit. Afentra updates on Sonangol and Coro has signed up on a new deal in Vietnam. Longboat have spudded Cambozola it's one of the biggest gas prospects around. Lamprell, I just don't know what is going on, it seems like good progress in wind but oil & gas going well is up for sale. UOG has confirmed its sale in Italy to Prospex and is now well financed but needs to spend the money.
Oil has fallen sharply again today, Covid in China worrying. Today good results from Genel and news from Sound who are ploughing ahead at Tendrara. UOG, has more success and news from President and Far who are exiting Guinea Bissau. Scirocco note Helium One data.
Oil rallies today as it looks like the nuclear talks maybe off. Genel receive money from the KRG, Touchstone get an extension at Ortoire and Getech head for the Highlands. Finally Empyrean is starting to look exciting with imminent drilling at Jade.
Oil was down last week on the back of the US/Iran talks but the Russia/Ukraine problem still causes problems. Savannah have signed another GSA in Nigeria and Genel have an update in reserves. IOG have another small delay due to the weather but first gas is not far away...
Oil rose with crude and product draws ahead of today's inflation number. PetroTal continues to cruise past targets and today I raise targets again. Genel have followed DNO's guidance today as expected and Jadestone give good 2022 guidance.
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.