Oil price, Genel, Longboat, IGas, Gulf Keystone, IG interview. And finally…

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.

2022-01-04T13:24:13+00:004 January 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Genel, Hurricane, President, Echo, IGas. And finally…

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.

2021-12-10T14:24:34+00:0010 December 2021|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, JOG, IGas, Longboat, Advance, President. And finally…

Oil rallies in stock data and waits for the FOMC. Good progress from JOG at the GBA, IGas gets on with geothermal and hydrogen and Longboat at last have wells to talk about. Advance looks to be in a very strong position at Buffalo and President have an operating update.

Oil price, San Leon, IGas. And finally…

After last week's good performance oil is today suffering along with all international markets which are in freefall due primarily to Evergrande, a Chinese property company rumoured to be struggling to pay a scheduled debt repayment. San Leon has again agreed to a further extension of the CPW until the end of September 2021. And IGas are adding to the CeraPhi announcement last week by signing up with SSE for the development of a geothermal district heating project in the City of Stoke-on-Trent.

2021-09-20T15:35:21+01:0020 September 2021|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Predator, Jadestone, IGas, Zephyr. And finally…

Oil is steady enough after the Opec+ meeting went into no deal mode but the expected rally has yet to emerge. Predator has announced completion of the MOU-1 well in Morocco with gas present. Jadestone has received an allocation of gas in Indonesia and IGas has announced its RBL redetermination and Zephyr are well on their way to spudding again at the Paradox Basin.

Oil price, Rockhopper. And finally…

The world waits as the Opec+ meeting has gone into another day after the UAE disputed its quota just as a deal was to be announced. I'm sure a deal will be done but if not ironically the oil price will rise as the organisation falls back to the previous numbers which won't cover the expected increase in demand. Rockhopper has announced that Ombrina Mare arbitration tribunal has said that it should be in a position to complete its work in July.

2021-07-02T11:57:19+01:002 July 2021|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Eco, Predator, Hurricane, IGas, Far, Zephyr. And finally…

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.

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