Oil price, Pharos, CEG, SDX, Petro Matad, Petrofac, Echo. And finally…

A virtually unchanged week for oil as the usual pressures are exerted. Today Pharos announces Katharine Roe as new CEO and Moh steps up as COO. CEG Chairman buys some stock and SDX produce results. Petro Matad complete the raise with details of the Retail Offer and Petrofac stay in talks whilst Echo have a cunning plan and SLE are suspended but with continued hope for a settlement.

Oil price, JOG, San Leon, Angus, Star, Eco, Longboat.

Oil has rallied about a dollar today, ahead of might be poor inventory stats. San Leon issue a positive statement, a German Bond may trigger activity in Nigeria. Jersey Oil & Gas are being pragmatic about the GBA ahead of the election and Angus is beginning to widen its scope which is good. Longboat have started the reshuffle and are now truly facing SE Asia whilst Eco have taken a very exciting and big, block offshore the Orange Basin in South Africa. Finally changes at last at Star Energy where Ross Glover has been awarded the CEO job somewhat out of the blue.

Oil price, Pharos, San Leon, Afentra, UOG. And finally…

Oil was hit by the EIA crude build, the Fed didn't help either. Pharos are travelling well but the market needs to know the identity of the new CEO. San Leon have an adjournment and Afentra has completed the Azule deal in Angola. And UOG has come to a deal over its debt and is now a straight Jamaica play.

2024-05-23T13:31:12+01:0023 May 2024|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Arrow, San Leon, UJO, Coro/Empyrean. And finally…

Oil finishes the week, month and quarter up today, much book levelling going on. Today Arrow announce a reserves report and an operational update, San Leon sees Decklar doing well in Nigeria and Union Jack spud in the USA. Also generally good news for Coro and Empyrean.

Oil price, Chariot, SLE, Zephyr, UJO, CEG, Coro. And finally…

Oil fell last week but remains tight, today I look at Chariot in Hydrogen in Mauritania and at San Leon with regard to the funding process. Zephyr are close to spudding in the Paradox whilst UJO have spudded in the US. CEG are on course in Uruguay and Coro move ahead in the Philippines.

2024-03-11T17:50:42+00:0011 March 2024|Categories: Daily Blog|Tags: , , , , |0 Comments

Oil price, San Leon, Angus, Ithaca. And finally…

Oil gave back last weeks gains after a Danish paper suggested that leading shipping companies had cut a deal with the Houthi rebels. Elsewhere today San Leon are still awaiting the money from TRAM and Angus are producing well from Saltfleetby. Finally Alan Bruce has left Ithaca and a new CEO is to be appointed.

2024-01-08T17:06:10+00:008 January 2024|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, San Leon, Europa, SDX, Coro. And finally…

Oil is waiting on Opec on Thursday, but up a little today. San Leon announce that the TRAM money has been sent but not yet received and Europa have turned down a requisition to remove the CEO. SDX announce their policy to concentrate on Morocco after selling Egypt and Coro announced on Friday a restructuring in Vietnam.

2023-11-27T16:17:54+00:0027 November 2023|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, AOW roundup, US stocks, Sound, Angus. And finally…

Oil will end up on the week, no surprise there then and we wait to see how Israel unfolds over the weekend. Today I assess the state of the oil market, take a look at the exciting M&A situation in US oil stocks and round up from Africa Oil Week. I also watched the Sound Energy video which shows considerable progress and have repeated the Angus interview with Richard Herbert from earlier in the week.