Oil Price, Savannah, SDX, Soco, RockRose, Reabold, Petro Matad, Providence,aAnd Finally…
WTI $70.80 -32c, Brent $78.70 -70c, Diff -$7.90 -38c, NG $2.98 +7c Oil Price As we discussed earlier in the week, the Opec+ meeting occurs on Sunday in Algeria and participants have been doing a bit of pre-meeting position taking. Yesterday it was President Trump and he's not even at the meet ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, Frontera Resources, Reabold/Upland, Soco, and Finally…
WTI $68.99 +40c, Brent $78.09 -9c, Diff -$9.10 -49c, NG $2.77 -5c Oil Price Although Brent lost ground on Friday and WTI rose it was the European marker that won out on the week with a gain of $1.26, 2 cents more than WTI. There is not much to add to my Friday piece except that Opec Secretary ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, Trinity, Eco Atlantic, Zenith, Wentworth, Soco, and Finally…
WTI $68.58 +$3.o4, Brent $75.55 +$2.50, Diff -$6.97 -54c, NG $2.94 -3c Oil Price The Opec and Non-Opec meetings on Friday and Saturday can best be described as trying to please everyone, a strategy that rarely works but the road is paved with good intentions. As it happens the agreement was a ...Malcolm Graham-Wood - Malcy's Blog
Oil Price, Savannah, Tullow, SOCO, And Finally…
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 on Brent for example the next stop is $71 which is the 50% retracement level, this takes it into clear blue water, after ...Malcolm Graham-Wood - Malcy's Blog
Oil price, Faroe, Wentworth, Sundry-Petrofac-Echo-SOCO-Touchstone-Chariot-Sirius- And finally...
Oil price A quiet day in the markets according to my man at the bourse, oil gained modestly as reports of the Saudi export cutbacks to the USA and Far Eastern clients via price rises and restrictions fed through to markets. As we enter the peak of summer in the Gulf, with its highest domestic use ...Malcolm Graham-Wood - Malcy's Blog
How are Upstream Oil & Gas companies succeeding in this volatile and highly competitive environment?
The ‘lower for longer' oil price has forced upstream Oil & Gas companies to look hard at their costs. Every industry faces pressure to transform and we all know that transformation begins by aligning an organisation for greater effectiveness. We also know that this can largely be achieved by pla ...Marcus Kelly - TouchstoneEnergy
The Oil & Gas industry is truly leading by example when it comes to Cloud Computing
"Cloud Technology is helping to integrate vital business components so that the right answers are delivered to the right people, at the right time and in the right way” says Peter Davis, Business Unit Head, TouchstoneEnergy The ‘lower for longer' oil price has forced upstream Oil & Gas compani ...Marcus Kelly - TouchstoneEnergy
Oil price, Sound Energy, SDX Energy, SOCO, Plexus, And finally…
Oil price Sentiment over quota adhesion won over stock build and US production yesterday and crude had a reasonable rally helped by a weaker greenback. Stocks were higher than expected at 6.5m barrels and gasoline was also higher than forecast at 3.9m barrels, refineries still producing despite lo ...Malcolm Graham-Wood - Malcy's Blog
Oil price, Chrysaor, Wood Group, SOCO, And finally…
Oil price We might get a few down days albeit of a modest nature, the reason is that as the month ends scribblers galore will start guessing what January production was and how short of the 1.2m b/d target it is. First up today is Petro-Logistics who think that it was down by 900/- b/d which, shou ...Malcolm Graham-Wood - Malcy's Blog
SOCO receives partial receipt of payment from Daqing Oilfield Limited
Partial Receipt of Payment and Operations Update The Company received $10 million on 19th December 2016 from Daqing Oilfield Limited Company (“Daqing”) as partial payment for the Subsequent Payment Amount of $52.7 million associated with SOCO's 2005 sale of its Mongolian assets. The full remain ...
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