Oil was down just over a dollar last week with the short term influences winning over the long term. The election in Turkey is delaying the decision to re-open the Iraqi pipeline. Today IOG has much better news from the Blythe field, UJO has excellent results and Angus step up production at Saltfleetby.
Oil is weak today ahead of the Fed tomorrow. IOG talk the Blythe well, Zephyr announce good hedges and Chariot tie up with Vivo in Morocco. Arrow are in great shape and will hit targets while Longboat have JVd with Japex in Norway. SDX are partnering with Aleph on alternative energy projects, PetroTal appoint a COO and Angus update on Saltfleetby.
Oil drifted as the greenback rose, Chinese data though is picking up...Today IOG have some operational problems, nothing that hasnt been seen before though. Southern Energy release full year results, nothing to add to recent updates but holding back some production until prices rise again. Angus gave a brief update but all appears well at Saltfleetby whilst Afentra are looking good in Angola with things on the move there. Finally Hurricane updated, Prax still waiting there and UOG confirmed yesterday about extending their own long-stop date.
A quarterly update of the Bucket List to reflect recent performance as well as a year/year check.
Genel announcing KRG oil sales and price details, IOG announce the spud of the Blythe well and Touchstone reveal a very strong reserves report.
IOG has a reserves and resources review out today and Arrow a spectacular start to the drilling campaign which Longboat are relinquishing a licence before applying for the same one again.
Oil as above, up over 6 bucks on the week. Genel have a payout from the KRG and might get repaid the lot before long and IOG have announced that they will go to Blythe H2 next and reassess Southwark. Finally Angus remain drilling at Saltfleetby.
Oil fell sharply after the NFP numbers and the rig count saw a substantial fall. Union Jack announce further good news from Wressle but IOG had further operational issues at Southwark. Touchstone are about to start the Royston sidetrack which could prove a substantial find and Egdon are taking an option to farm-in to an asset.
Oil lost its gains on US data and inventory gains. IOG is planning changes at Southwark to isolate three of the zones and Gulfsands has opened its new Hub in Abu Dhabi. Predator has run into technicals in Morocco but it's not all over yet. Capricorn, you couldn't make it up could you? Getech has produced a good set of numbers and a good order book in its new areas and Serica gets a renewal from the US. Angus has a 14 day delay at Saltfleetby which shouldn't worry folk and COPL has production at Cole Creek. And Kosmos say the FPSO for Tortue has sailed away to Tortue.
Oil is rallying as recession talks are brought down somewhat. Kistos have a trading update which although is hit by taxes in the UK and the Netherlands shows that trading is good and distributions possible. IOG are having some operational issues with the A2 well and Jadestone are nearly home with montara.