Oil is falling as traders level off their books ahead of the long Thanksgiving Holiday. Jadestone sign off the remaining 10% interest in the Lemang production sharing contract onshore Indonesia and Deltic spud Pensacola. Europa have released themselves from offshore Morocco having found no partners and Prospex are going great guns in Italy.
After a bad start to the week when China's Covid problems dominated the last two days have seen a fightback, partly due to reaction to the US inflation figures which took the steam out of the greenback. Today IOG update on the operational matters following recent unfortunate events and things are looking better, GKP update on money received and Prospex may have to buy a fair bit more and fund a well in Spain.
Oil fell yesterday but Mr Putin's words this morning have put over 2 bucks on the price. The Fed rates decision is at 7pm our time. Zephyr have had a good year showing in Interim results and post period deal flow is impressive. Prospex are buoyed by Po Valley news and SDX are ringing the changes at board level as Aleph get the gloves out.
Oil will likely be up on the week as the agencies report differing views, not often that the IEA are more positive than Opec but they are restating their numbers. I look at Jadestone who have decided to stop production at Montara while they fix it and Eco Atlantic are on the move with the rig mobilised for Gazania-1. Also I look at President with Argentinian numbers, and catch up with Hurricane and Prospex from yesterday.
Oil rallied and again today after a deal has been put to Iran regarding sanctions. Today Sound have updated from Morocco and detailed a farm-out process as well as a drilling programme.Union Jack has detailed the court process for the reduction and potential for dividends. I catch up on news from yesterday, Scirocco in Tanzania, Prospex, Lamprell and of course Kosmos.
Oil rose last week but July was another down month, demand falling as the recession arrives is deemed responsible. Today Scirocco update on Tanzania, probably more interesting to Aminex and Wentworth...Eco Atlantic have a big update but its a very exciting outlook, whilst Longboat spud Oswig and Prospex update on El Romeral. Finally I had the opportunity to interview John Bell of Gulfsands last week and the detail is in the blog today.
Oil was mixed and as the trading month ends tonight a bit of window dressing is taking place and oil is up today. Today sees good news from Prospex in Italy and for Europa In Ireland.
Oil was up on the week for all the reasons we pointed to, even Opec+ saying the would produce more didn't slow it down. Today we have payments for Genel, Savannah has signed a GSA with TransAfam Power with Accugas and Longboat have a duster at Cambozola. Jadestone just put out 2021 results and Serica have an upbeat operational update while Prospex move on in Italy.
Oil started flat but has gained 5 bucks this morning so far. As we plough into results season where we learn almost nothing today sees announcements from IOG, Serica where production is back, Orcadian with debut numbers, Harbour also reporting SDX bringing on a well, Hurricane with its monthly report, Prospex upping power in Spain and Zenith raising money just about sums it up...
Another huge day for oil, as I write Brent is up $8.41 at $131.62... Predator has a corporate update and Prospex has good news from Spain.