Oil price, DEC, Petrofac, UOG, EDR, UJO, EOG. And finally…

A good day for crude as talks at the White House progress. DEC have had their debt redetermination approved and Petrofac has won another $1bn of work in Algeria. UOG have extended the long stop date for the Quattro deal, again and I talk to the interests close to the Egdon deal yesterday.

Oil price, Sound, Petrofac, UOG, Tower, Trinity, GKP. And finally…

Oil fell sharply as US recession looms, Sound look closer to financing and Petrofac have rewritten the numbers. UOG have sold Maria and Jamaica appears to be a bit closer. Trinity have no growth so the Jacobin well is crucial and Tower may well be on the way in Cameroon whilst at GKP everything stops for the pipeline closure.

Oil price, Petrofac, i3, Trinity. And finally…

Oil rose again, data from the east was positive, China backed up good economic news and India said that fuel demand was up another 5% at 4.83m b/d, growing sharply. API inventories were mixed with a modest build in crude and gasoline but a big fall in distillates. A profit warning from the incoming CEO at Petrofac, another divvi from i3 and a fire for Trinity to deal with.

2023-04-12T10:42:01+01:0012 April 2023|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Southern, Kistos, Coro, Petrofac. And finally…

Oil is under pressure as China battles with Covid, so far losing the battle despite the 'magic weapon' of zero tolerance. Southern Energy has reported a good set of figures with much excitement to come. Kistos is pursuing a scheme of arrangement in order to restructure and be able to pay out to shareholders. A new CEO on the way at Petrofac and a positive update from Coro in Italy.

2022-11-22T17:50:22+00:0022 November 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Savannah, Petrofac, President, Getech, Coro.

Oil rose as production in Libya and Ecuador fell for civil rights reasons. Still no data from the EIA and Macron thinks he has a scoop from Opec. Savannah bring more gas onstream and Petrofac have decent figures looking better in 2H 22. President results good and value still way too low and Getech sign a big contract. Finally Coro have had a good year

2022-06-28T16:57:21+01:0028 June 2022|Categories: Daily Blog|Tags: , , , , |0 Comments
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