Tag: Tullow Oil

Oil finished the week better but is a touch easier today. Predator has announced moves today in both Trinidad and Morocco and Tullow with Eco Atlantic have made a bonanza find offshore Guyana. Reabold and Union Jack have started testing at West Newton.

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A bounce from lows yesterday when WTI ducked below $50 at one stage, recovered with talk of Russian production cuts. At the Tullow CMD they bigged up Guyana, a new and ‘game changing’ project, imagine what it means for Eco Atlantic with 2/3 wells to be drilled next year. Providence have delayed Barryroe but hopefully by only a quarter.

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After the Opec+ meeting didnt change output oil is on the move this morning, Brent well over $80 and WTI over $72. Today I look at results from Trinity E&P and its exciting, debt free future and also President who have spudded the first of three wells on Puesto Flores. Tullow only found water bearing sandstones but the prognosis for the basin is still very optimistic.

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WTI $68.08 +2c, Brent $72.16 +32c, Diff -$4.08 +30c, NG $2.74 -2c Oil price A quiet day yesterday, with modest shortages of crude from Libya and potentially more from Venezuela offset by the EIA saying that US shale production is …

Oil price, SDX, Tullow, Empyrean, Lamprell, Columbus, Reabold And finally… Read More »

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WTI $74.14 +20c, Brent $77.76 +46c, Diff -$3.62 +26c, NG $2.87 +1c Oil price With the US markets closed for Independence Day today the chance for traders to have a mash up was too good an opportunity to miss and …

Oil price, BP, Tullow, Links And finally… Read More »

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WTI $72.76 +$2.23, Brent $77.62 +$1.31, Diff -$4.86 -92c, NG $3.00 +6c Oil price Another good day in the oil markets as punters realise that the upside has the greater chance of success at the moment. The differential has narrowed …

Oil price, Tullow, JOG, Wood,Hunting, DGO And finally… Read More »

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WTI $63.39 -76c, Brent $66.86 -76c, Diff -$3.47 n/c, NG $2.76 +1c Oil price Oil remains nervous in the risk-off market place and with the EIA STEO forecasting increased US production bulls were to a large degree holding off. Selling …

Oil price, Touchstone, Tullow, Velocys And finally… Read More »

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WTI $62.96 +$1.23, Brent $68.82 +$1.04, Diff -$5.86 -19c, NG $2.92 +9c Oil price Crude continues to rise and my chartist friends are getting desperate as all markers are piling through resistance levels which makes them very nervous. Above $69 …

Oil price, Savannah, Tullow, SOCO, And finally… Read More »

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WTI $61.73 +29c, Brent $67.78 +16c, Diff -$6.05 -13c, NG $2.84 +4c Oil price A modest up day yesterday, somewhat led by product prices in the US which is not surprising given the bad weather out there. As forecast, distillate …

Oil price, SDX Energy, Tullow/Magma Global And finally… Read More »

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WTI $58.95 +93c, Brent $63.86 +54c, Diff -$4.91 -9c, NG $2.81-15c Oil price Opec week finally comes around and as usual it seems that most of the decisions have been made in advance in order to give the impression of …

Oil price, Tullow/UOG, President Energy, WOGW And finally… Read More »

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