Oil price, Reabold, Angus, Rockhopper, Petrofac. And finally…

Oil is better today after a good day yesterday when Brent rose by over a dollar and the February WTI contract arrived in line. Today Rockhopper announce a monetisation of the OM award, Reabold update on Colle Santo and Angus restructure their debt. And Petrofac have a trading update and a good order book.

2023-12-20T15:56:41+00:0020 December 2023|Categories: Daily Blog|Tags: , , , |3 Comments

Oil/Gas price, Eco (Atlantic), Petrofac, Coro, Longboat. And finally…

Oil continues to rise, right now due to a mixed inventory report which accentuated the low level of products in the system. This time gas joined the party as Aussie gas workers voted to strike. Today Eco Atlantic put Tullow out of their misery and buy up their stake in the Orinduik block in Guyana whilst Petrofac report a big backlog and bigger pipeline. Coro take less sooner in Italy to spend in the Falklands and I haven't forgotten Longboat who spudded Velocette earlier in the week.

2023-08-10T12:30:25+01:0010 August 2023|Categories: Daily Blog|Tags: , , , |0 Comments

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.