Oil price, DGOC, JOG, Jadestone, President, Hurricane. And finally…
DGO has announced the $135 million conditional acquisition of certain Cotton Valley upstream assets and related facilities primarily in the state of Louisiana from Indigo Minerals, and also an operations and trading update for the quarter ended 31 March 2021.
WTI $65.01 +$1.15, Brent $68.56 +$1.29, Diff -$3.55 +14c, NG $2.91 -5c, UKNG (June) 59.26p +3.76p
Oil price
Another good day for oil as the month comes to a close even if it is a touch lower today. The reason is that economic data from the US continues to pile on and with 1Q GDP of 6.4% and yesterday’s jobless claims falling by 13/- to 553/- markets, certainly over there were very positive.
Please see SP Angel’s Oil Market outlook for 2021: https://youtu.be/T222JHGzokI
Further strong results from the supermajors sees Shell report strong growth in adjusted earnings for the first quarter and lifted its dividend by 4%
Shell reported adjusted earnings of US$3.23bn for 1Q21 and increase from the US$393m earnings for 4Q20, and a rise from the 1Q20 earnings of $2.86bn
The expected and previously announced dividend increase is the second small dividend hike at Shell, which this time last year had slashed its dividend for the first time since WWII to preserve cash and value in a highly uncertain macroeconomic environment in the pandemic.
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By David Duval
The long-term fundamentals for the uranium market remain positive given the growing trend towards electrification supported by growth in baseload power supply, the switch to reliable fossil fuel alternatives, and the electrification of transportation.
Today, more countries than ever are making Net Zero commitments including the U.S. which has also expressed support for its nuclear industry including the construction of new advanced reactors.
“From a policy point of view, there is recognition that nuclear will be needed in the toolbox to sustainably achieve both electrification and decarbonization,” notes Tim Gitzel, president and CEO of Cameco Corp. [CCO-TSX; CCJ-NYSE], one of the largest global providers of fuel for nuclear reactors. Nuclear power emits nearly 70 times less carbon dioxide than coal, making it significantly less carbon intensive than fossil fuels.
Argentina: President Energy announces drilling success at EV-1001 in the Estancia Vieja field, Rio Negro Province
28 Apr 2021
AIM-listed
President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, has provided an operational update with regard to the newly drilled well
EV-1001 at the Estancia Vieja field, Rio Negro Province, Argentina
Highlights
New well EV-1001 drilled, logged and cased on time and budget
Electric and mud logs together with petrophysical review identify net gas pay as expected and support pre-drill projection of an initial production of 60,000 m3/d
The rig is now moving off location to the next well, EV-1002, also at the Estancia Vieja field, which move will take up to 4 days with spudding currently projected within approx. 7 days
Argentina: President Energy announces Rio Negro drilling update energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.