Oil price, Genel, Savannah, Touchstone, Eco, CEG, Petro Matad, Arrow. And finally…

Oil rose on Friday but WTI was down on the week, Brent unchanged. Nothing different at the moment, Libya is back down to 100/- odd b/d if that. Today Genel announce KRG payments and Savannah start gas sales to Axxela and Touchstone updates the market on COHO and Cascadura. Arrow have another success in Colombia and Eco Atlantic have raised money in Africa to top up their stake in 3/B and 4/B. Challenger note a scoop on Friday re Uruguay and results from Petro Matad show a positive situation after a terrible year or two.

Oil price, PetroMatad, Petrofac, CEAG. And finally…

Oil is up again today, over $110 for WTI and $113 for Brent, the way things are going it will be one way traffic for a while. Today Petro Matad say how they are struggling with Chinese Covid measure but will be OK. Petrofac have won a good contract in the Gulf of Mexico and will be a good investment from here. Also I note that CEAG have an exciting new product in the market.

2022-05-05T14:51:56+01:005 May 2022|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, PetroTal, Pharos, Longboat, PetroMatad, Trinity. And finally…

Oil is up around a dollar this morning despite some indifferent economic news from China. More importantly the natural gas price continues to run, in the UK it was nearly 200p this morning. A great result for PetroTal at BN-8H gives them a better than expected 7.6m b/d making 15.4m b/d, also Pharos farm-out in Egypt, another very smart deal. Longboat update, things are starting to happen with the drill bit and Petro Matad have interims and are preparing for Heron production next year. Finally Trinity have first result post the tragic loss of Bruce Dingwall.

Oil price, Petro Matad, Coro, Hurricane, Block/Scirocco, Getech. And finally…

Oil is already making back the losses when yesterday people wrote off Opec, something to do very carefully and not by me, at the moment anyway. Petro Matad has received its exploitation licence in Block XX and Coro seems to have done a very smart deal with ion. Hurricane has completed the Lincoln obligation well and Getech is looking at Hydrogen. Finally it seems that some Block shareholders are not looking at their own board but others, not a wise move if you ask me.

Oil price, Petro Matad, Falcon. And finally…

Oil rallied, unworried about the Fed and a strong dollar and a little concerned about the new hard-line President in Iran. Petro Matad have results but more importantly show how much important progress is being made on the exploitation licence on Block XX. And Falcon starts its drilling season in Australia with much promising activity.

2021-06-22T12:06:41+01:0022 June 2021|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Union Jack/Reabold, Hurricane, President, Petro Matad, CNR/Ranger Oil. And finally…

Oil is still up, but gasoline in the US has rallied more after a ransomware cybersecurity attack on the Colonial pipeline which takes products from the Gulf to the Northeast of the US. Union Jack and Reabold have called in Gaffney Cline for a CPR at West Newton, and Hurricane has issued an operational update. President also update on ops and the oil and gas prices in Argentina whilst Petro Matad are a step closer to field approval. And would you believe that CNR would drill in Guildford station car park?

Oil price, IOG, Petro Matad, President, Touchstone, Empyrean. And finally…

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.

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