Oil has drifted back to the lower end of its current trading range, but now with the Opec+ meeting wrapped up there is no reason to think it will fall much further. IOG report on their Elgood development well and whilst it had some difficulties it has done the job and now moves on to Blythe. Union Jack and Egdon have good news from Biscathorpe and UOG report from Abu Sennan. Finally Trinity have unveiled changes to the Galeota Block and its development.
Oil is quiet today after a week when it yet again broke recent records after a positive response from the Opec+ meeting. IOG are making good progress with Phase 1 as the Blythe and Southwark gas platforms are installed. Zephyr's results merely prove quite what a ride it has been for shareholders as the stock has quadrupled this year so far. Finally Getech has finals in which the company spend time giving its plans and mission statement for the future.
Oil remains flat, marginally down last week but is a little better today. Union Jack has results but more importantly is looking good at West Newton and Wressle. IOG are moving solidly towards first gas, today they awarded Phase 1 Duty Holder contract for Installation and Pipeline Operator, as well as facilities operations and maintenance (O&M), to ODE Asset Management (ODE AM).
Oil took a bath yesterday as a combination of problems faced it, a stronger dollar, increasing inflation worries and of course the Colonial Pipeline problem. It turns out that a ransom was paid outage followed by outrage you might say.. IOG has announced a collaboration agreement with GeoNetZero CDT in carbon capture and storage. And Rockhopper appear in the news as it seems the Tribunal is close to announcing results.
Oil was down just a smidgeon last week and that won't change much as fundamentals are reasonably firm but India's virus numbers are weighing heavily on us all and the oil market. IOG are keeping up with a demanding programme for first gas at Phase 1 of the project and UOG have a solid set of figures and an exciting year ahead.
Oil is very quiet still, IOG have started the drilling on Phase 1 in the SNS and Petro Matad are continuing their licence for exploitation application. President update on drilling, Touchstone have a success at Ortoire and Empyrean up the chances of success in China.
Oil quiet but up around 50 cents as I write and last week was flat. Today IOG have announced a technical update at Goddard and Abbeydale whilst Union Jack invests in Piper & Claymore. At Zephyr they announce further significant progress at the Paradox Basin.
WTI $52.24 +$1.41, Brent $55.99 +$1.61, Diff -$3.75 +20c, NG $2.70 -3c Oil price Last week was a good one for oil, the fact that the KSA had warned speculators ...
The 2021 Bucket List.
Oil quiet with no real change, Christmas beckons... IOG have updated on their asset housekeeping as they get to work on their data analysis. And Wentworth update, a very strong performance with strong production, a healthy balance sheet with no debt, and a top quality management who have increased the dividend by 20%.