Oil is not short of influences from the short term reopening of the Turkey pipeline to the longer term over demand in the market. This brings Genel and GKP back into play. Touchstone has Q1 results but that's not the story for this year and Predator have raised a little for Morocco activities.
Oil has been week as US recession bares its teeth, but inventories are down and Opec doesnt like the IEA, neither do I...Gulfsands reiterates its Syria platform, Predator and SDX have meaningless results, Reabold updates on operations and a new buy-back.
A quarterly update of the Bucket List to reflect recent performance as well as a year/year check.
Oil added 5 buck yesterday and almost another one today after the Opec move. United spudded ASD-3 and Predator are moving to construct the pad and platform for MOU-3.
Oil was firm yesterday with the Turkey pipeline keeping 400/- b/d off the market. Today Genel add to the detail of that shut-in at local level. Kistos update the market on Benriach and the Netherlands and Arrow publish year end reserves data. Southern have also released a great deal of data as they throttle back the drilling programme in the current low natural gas price environment. Coro update on Asia and Predator confirm details of the raise.
Oil fell nearly 10% last week after the bank collapses maxed out the indices and commodities. Today I look at Zephyr who have started to test at the State well which will be exciting and Wentworth are trading just fine. Egdon looks good and Predator raised money for MOU-3 .
Oil tanked on the Fed news which hit markets hard but supported the greenback. Today Chariot announce that FEED for Anchois is finished and Zephyr say that flow testing the 36-2 well is imminent. Challenger and Predator have completed their deal and Angus record that the second compressor is up and running.
Oil has been steady, China is OK and stories from CERA Week are bullish. San Leon note Eroton has been removed from OML 18 as operator but shouldnt affect them. Afentra are nearly over the line in Angola and EOG point out that Ireland can provide its own gas with lower carbon than now whilst SDX have reconstituted the recent deal and Predator are applying for regulatory permissions ahead of MOU-1 testing.
Oil is up after Saudi Aramco raise the oil price to Asian customers seeing a rebound in Chinese demand. A good update from Serica and with Tailwind it should be better whilst GKP have warned about the Ceyhan pipeline and terminal post the earthquake. Longboat are indeed looking at Asia and Predator issue an interview with Paul Griffiths.
Oil lost its gains on US data and inventory gains. IOG is planning changes at Southwark to isolate three of the zones and Gulfsands has opened its new Hub in Abu Dhabi. Predator has run into technicals in Morocco but it's not all over yet. Capricorn, you couldn't make it up could you? Getech has produced a good set of numbers and a good order book in its new areas and Serica gets a renewal from the US. Angus has a 14 day delay at Saltfleetby which shouldn't worry folk and COPL has production at Cole Creek. And Kosmos say the FPSO for Tortue has sailed away to Tortue.