Oil is quiet, yesterday it was good inventory stats offset by more worries on inflation. Predator announce that the rig is on its way to Guercif, Eco has been further delayed to the Tullow problems, Hurricane have 3 announcements but shareholders should vote to save their equity. I interviewed Steve Bowler CEO og IGas where he talked me through geothermal and hydrogen. Zephyr are also on the move with more wells on stream and earning money.
Oil is modestly holding its ground today and with a fair wind will be up on the week despite the attempts of two of the reporting agencies. Predator update on Morocco ahead of their drilling and I look at the LNG situation whilst Zephyr are joining the OTC where friendly Americans might like to buy the shares. Gulf Keystone update on growing production at Shaikan and Jadestone confirm their dividend.
Oil will be up strongly on the week and economic stats are pretty good. Challenger updates on the Saffron-2 well and Predator has raised £1.5m at 15p. VOG also announce positive news across the board and Hurricane walk away from the Aoka Mizu contract when it expires in the hope of getting a cheaper deal, if not that's it, all over...
Oil will be up around 3 1/2 bucks this week and this month as we head into the Memorial Day holiday weekend which starts the summer driving season. San Leon pass on the update by Decklar on the Oza field in Nigeria and Predator issue results for 2020.
Oil was down last week but has rallied today, the Iran talks may have stuttered somewhat. Predator have given a good operating round up and there is much excitement to come and Deltic say that Shell has started work on Pensacola ahead of drilling a well in a year's time.
Oil remains in reasonably good nick with the inventory stats showing a decent enough draw this week. Results from JOG are in line ahead of the real excitement expected from the GBA, the big prize for Jersey going forward whilst Genel remain full of confidence in its financial strength. Predator has announced that drilling in Morocco is imminent and BPC have also got their wells in Trinidad starting soon. Also results from Echo Energy.
WTI $64.60 -20c, Brent $68.00 -39c, Diff -$3.40 -19c, NG $2.53 -3c, UKNG 46.25p +2.04p Oil price Oil has been quiet all week as the vaccine worries in the EU ...
Oil drifts as European Governments 'pause' the Oxford vaccine after 37 cases of blood clotting were found in between 6-9m doses of the vaccine. Better than expected economic data from China and others comes with fears that inflation might see a stronger dollar. Retail gasoline prices only add fuel to those flames. San Leo is being delayed but its not a problem and I interview Paul Griffiths of Predator who is in fine form.
Oil is flat so hardly changed on the week. Kistos announce their first deal, Predator raise and Far call the meeting. Getech also raise in their future restructuring.
After all the Hullabaloo oil was even last week, today however it has tipped upwards again. I look at Chariot who have signed a collaboration Agreement with Subsea Integration Alliance for Anchois. Angus Energy are positive after news that their loan has seen substantial subscription. President update on 2020 and give guidance for 2021 whilst Echo publish their bond restructuring details.