Oil remains perky, IOG have a technical on the rig when it arrived at Southwark. The good news is that with Blythe and Elgood completed first gas is still expected in Q4 2021. And President has a big round up and all parts of the business are going well.
Oil reached the top of the trading range and boiled over as is its wont. Today I look at Predator after the webcast yesterday and IOG have good news from the Blythe well and first gas on the horizon and at these prices...PetroTal have also had a really positive update from the Bretana field and are looking set very fair. Hurricane have updated but I think maybe should have shouted more from the treetops and yesterday Serica blew away the targets and are looking to have the Midas touch. Union Jack has added a new presentation and video on the website.
Oil rallied on more crude draws in the EIA stats. Union Jack have raised £3m to build out bigger production at Wressle, Chariot have signed with Halliburton for Lixus whilst IOG has raised £8.5m to fund future growth and 'fill the hopper'. Kistos says that the TAQA operated P15-D platform has resumed normal operations and Rockhopper are looking at Sea Lion again after Harbour withdrew from the project.
Oil has rallied again and should end up on the week after the malarkey of recent falls. Today is the virtual Jackson Hole symposium where the taper will be discussed. Tropical storm IDA might become a Cat 3 hurricane as it skirts Mexico and China is boosting the economy. Good solid results from PetroTal, a very good long term outlook, IOG are getting closer to first gas just when prices are at their highs and Helium One drills a duster and cancels well three in this programme. Finally a solid recovery from Hunting as one would expect and a good update from Echo who are increasing liquids production.
Oil is quiet and probably dependent on the EIA inventory stats this afternoon. IOG has committed to Scope 1 & 2 Net Zero status as of 2021 and President update regarding Argentina and Paraguay. Finally Trinity announce the death of Executive Chairman Bruce Dingwall.
Oil had a Monday fall after concerns from China and a surge in Covid cases hits the US, albeit as in Britain there are many fewer hospitalisations. Good results from Genel and a confidence boosting increase in the divvi helped and IOG have spudded the Blythe development well. Lisa Mitchell is moving on from San Leon as CFO but staying to ensure current deals progress. Europa have started the farm-out process in Morocco and Lamprell were slightly disappointing. Finally i was saddened to hear from Trinity that Bruce Dingwall is seriously ill.
Oil remains solid especially after a very solid across the board set of EIA inventory stats yesterday. Today Sound Energy have made huge progress in Morocco and with an LNG sales agreement and subscription are looking very strong indeed out there now. IOG have signed up their GSA and gas prices remain incredibly strong which makes first gas in Q$ 21 a mouth watering event. The Wressle partners announce a successful proppant squeeze which should be very helpful for oil production and Pharos have updated on Vietnam and their new RBL.
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).