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, PetroTal, GKP, President, Tower, Touchstone, Advance, Zephyr. And finally…

Oil is flat, the market thinks it knows the result of tomorrow's Opec+ meeting and is levelling its books on the last day of the month and the quarter. Lots of news today, PetroTal update on sales and risk, Touchstone have a disappointing well and there are good figures from GKP. President remain upbeat as are Tower and Advance makes its debut in London. Finally I interview the Zephyr CEO.

Oil price, Union Jack/Reabold, Helium One, GKP. And finally…

Oil has its head above water today but only just as apart from the UK and now the US the world is vaccinating very slowly. Union Jack and Reabold step up the pace by launching the West Newton online consultation event and Helium One move closer to drilling by appointing a contractor for the Rukwa project. Finally GKP are moving ahead by resuming its 55/- b/d expansion programme.

Oil price, Cairn, GKP, President. And finally…

Yesterday's oil fall was in response to the Saudis saying that oil was back flowing after the attack on the Ras Tanura terminal by Houthi rebels. Today it is back to normal, up 50 cents as I write. Cairn has sold out in the North Sea and put money into the Western Desert in Egypt as well as having annual results. GKP has received money from the KRG for Shaikan sales and President update on the drilling programme.

2021-03-09T11:09:38+00:009 March 2021|Categories: Daily Blog|Tags: , , |0 Comments

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, Genel, Gulf Keystone, PetroTal, Malcy on IGTV. And finally…

Oil remains steady with the January Opec+ meeting next week, President Trump signing the Bill and the UK getting a final Brexit deal. Genel has received money in from the KRG for November sales at Taq Taq and Tawke and is looking strong with Sarta crude being invoiced this month. GKP also received money in from the KRG from Shaikan sales. PetroTal are now, having solved the recent problems, flowing crude into the ONP.

2020-12-29T11:59:06+00:0029 December 2020|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, GKP, Serica, San Leon, Block.

The oil market has taken the Opec and IEA reports pretty well and Brent is $50.52 as I write. GKP has positively updated the market and will be producing at the top of guidance and hopefully might cut a deal with the KRG next year. Serica's operational update was also top notch, with 80% gas prices are high and production strong with upside in due course from 32nd Round licenses. San Leon announce that with regards to the Oza field in Nigeria there is a Covid-19 delay so completion is delayed until 'early in the new year'. Finally Block has hired what seems like a very smart NED...

2020-12-15T12:38:53+00:0015 December 2020|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, Genel, GKP, BPC, Providence, San Leon, Echo. And finally…

Oil is quiet today as with the Opec members talking amongst themselves and the Opec+ meeting put back until Thursday few bets are being taken. Genel and GKP have received their October payments from the KRG and BPC has revealed strategy for Trinidad and Suriname along with extensive drilling programme and a CPR. Providence announced the Barryroe farm-out yesterday and this morning San Leon note that they have a 4.5% NPI on the field. Echo update on debt and production as well as an equity raise.

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