China oil demand China National Offshore Oil Corporation (CNOOC) has signed strategic cooperation agreements for oil and gas exploration offshore China with nine international companies including oil majors Chevron, ConocoPhillips, Shell, Total, and Equinor. CNOOC and the nine companies—Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation, and Total—will share development opportunities in strategic cooperation areas located in the Pearl River Mouth Basin offshore China, CNOOC’s exploration and production company CNOOC Limited said in a statement on Tuesday. “The agreements will facilitate the establishment of a long term and stable cooperation and share the development opportunities to a certain extent in the Strategic Cooperation Areas, creating conditions for the final signing of contracts,” CNOOC said. Chinese companies are trying to tap more resources at home to replace dwindling production at mature oil and gas fields while China’s oil and gas demand continues to grow. Earlier this year, China National Petroleum Corporation (CNPC) advanced a strategic partnership with Brazil’s Petrobras and agreed to cooperate with Norway’s Equinor in oil and gas projects, in a push to boost its global footprint and Chinese gas production. China’s biggest energy producers are tapping more tight oil and gas wells, aiming to increase domestic oil and natural gas production at the world’s largest crude oil importer and what will soon be the world’s top natural gas importer. As part of a government push to boost domestic energy supply, CNPC and Sinopec are raising investments to increase local oil and gas production and are accelerating drilling at tight oil and gas formations in western China. Domestic natural gas production has been rising in recent months, but the growth rate hasn’t been even close to meeting the booming demand due to the cleaner-fuel/cleaner-air government policies. Domestic oil production, on the other hand, has been falling due to the depletion of mature conventional oil fields. Desperate to meet this need, Chinese President Xi Jinping has ordered the state-held companies to boost domestic production of oil and gas, and firms are starting to follow the policy. By Tsvetana Paraskova for Oilprice.com
Daily Volumes Close . . . . 172.00 Open . . . . 168.00 High . . . . .171.40 . . . 14.55.18 . . AT Low . . . . . 166.40 . . . 08.19.18 . . AT MD Auc . . 244 @ 170.6p Auction . . . . Bid . . . . . . . Ask 170.6 . . . . . . zero . . . . . . zero . . . Spread 170.4------170.8 170.6 . . . . . . zero . . . . . . zero 171.0 . . . . . . 12,625 . . . . 8,116 171.4 . . . . . . 14,758 . . . . 9,328 171.4 . . . . . . 17,845 . . . . 10,892 171.0 . . . . . . 29,003 . . . . 23,047 171.0 . . . . LSE Vols . . . . 965,064 . . . 740 trades AT trades . . . 669 . . . 90.41% OT trades . . .71 UT, 49,053 CP, 171p
Level 2 You can view the trades via this link [link]
Level 2 The 15.17 trade @ 181.2 was an xoff trade The trade made at 10.25.36 @ 1.73026 was a xoff trade The trade made at 10.20.42 @ 1.73026 was a xoff trade xoff trades are made via “trade elect system” and all are priced in pound . pence
Daily Volumes Close . . . . 176.20 Open . . . . 177.20 High . . . . .177.20 . . . 08.00.29 . . UT Low . . . . . 165.60 . . . 09.31.54 . . AT MD Auc . . 1,699 @ 165.8p Auction . . . . Bid . . . . . . . Ask 165.8 . . . . . . zero . . . . . . zero . . . Spread 171.6-----172.4 165.8 . . . . . . zero . . . . . . zero 172.4 . . . . . . 1,938 . . . . . zero 172.8 . . . . . . 9,880 . . . . . 4,064 172.0 . . . . . . 9,880 . . . . . 9,450 172.0 . . . . . . 9,880 . . . . . 13,358 172.0 . . . . . . 12,879 . . . . 34,832 172p LSE Vols . . . . 1,181,773 . . . 749 trades AT trades . . . 660 . . . 88.12% OT trades . . .89 UT, 47,338 CP, 172p Due to the down and up nature of todays trading & the high volumes, there could well have been a buy order being processed today.
Level 2 Mikey Strange trades seem to have happen: At 15:17 at 181.2 At 10:19 and 10:26 around 173 Did you notice ?
WOOD MAC replacing ERC Equipoise WOOD MAC replacing ERC Equipoise. It amazes me to see no reaction to the fact that WOOD MAC came out with a study on Shaikan on January 19th 2018, one day after the first presentation « awakening a giant » sponsored by ERC Equipoise with a new estimate of OIP. Strange enough, ERC Eq. didn’t. As Topper pointed out on another board, there are discrepancies between ERC, GKP estimates about the OIP (and reserves) in the reservoir. This has now been sorted out by the 4600$ study made by WOOD MAC. The institution who bought this study could very quietly buy undervalued shares in January… Better be rich than poor. WOOD MAC is the top to get reserves estimates. The development of this company happened thanks to the oil discoveries in the North Sea in the 1970. They have contrats with allmost all the oil cies, except for some totalitarian regimes. So they monitor practically in real time what happens in each well over the world. So the discrepancy about OIP has now been settled with the help of one of the top auditors. I guess they came out with an estimate of recoverable reserves with the current FDP, but GKP decided not to publish it because it was done with the current taxation and FDP which will be changed which the 2nd amendment.
Something has to give on the news front Shaikan Crude sales agreement ends on the 31st Dec 2018. Therefore we have two weeks for an new agreement to be made and reported. The company is aware of the frustration of lack of " good " news for investors. Expecting something before years end, imo
Level 2 Close . . . . 176.20 Open . . . . 177.20 High . . . . .177.20 . . . 08.00.29 . . UT Low . . . . . 165.60 . . . 09.31.54 . . AT MD Auc . . 1,699 @ 165.8p Full 210,269----248,884 . . . 55,344 @ 165.8 added to the Bid at 12.02.26 36----34 LSE Vols . . . . 648,326 . . . 295 trades AT trades . . . 232 . . . 78.6% OT trades . . .63 Spread 167----167.6 LP, 167.3p
Ftse100 18th Dec 2017 GKP closed @ 89.5p . . . . . . . . . . .& on the 28th Aug 2018 closed @ 301p . . . (+ 236.4%) 18th Dec 2017 the FTSE100 closed @ 7592.66 . .& on the 28th Aug 2018 closed @ 7432.42 .(-2.1%) On the 1st October GKP closed @ 288p . . . . . . . . . . . . .& today GKP is currently @ 167.9 = (-58.3%) On the 1st October the FTSE100 closed @ 7519.84 . . & today it’s currently @ 6825.25 = (-9.19%) On the 1st October the FTSE 350 closed @ 4177.4 . . . & today it’s currently @ 3747.18 = (-10.29% On the 4th October the Oil Price was @ $84.58 . . . . . & today it’s currently @ $60.29 = (-25.8%) So between the 18th Dec 2017 and the 28th August 2018 GKP rose 236.4% whilst the Main Market dropped 2.1% And since the 1st October the FTSE100 has lost 9.19% while GKP has lost 58.3%. So over the last 12 month since the 18th December 2017 until today GKP is currently up 87.5%
Ftse100 Plus, when it comes to a Market drop Traders will dump their risky stocks before those which are less risky, which is why Risky stocks drop more than the FTSE100 Stocks This morning the FTSE350 is currently @ 3,772.79 (−9.41) (0.25%) And the FTSE100 is currently at FTSE 100 . . 6,829.14 (-16.03) (-0.23%)
Ftse100 GKP is a part of the Market so if the Main Market drops GKP drops, plus the FTSE is part of a Global Market, which starts each new day with the Nikkie. The main Market is being hit by Brexit worries and being part of the Market GKP is not immune Since the 1st October the FTSE100 has fallen from 7519.84 and yesterday it stands at 6845.17. Plus on the 4th October the Oil Price was at $84.58 and today it is @ $60.29 So being an Oil Stock its been a double whammy for GKP
Ftse100 What’s the link between gkp and the ftse mikey, don’t get it?
Ftse100 Friday the FTSE closed at 6,845.17 down (-32.33) (-0.47%) Now, FTSE 100 . . . 6,830.16 down (-15.01) (0.22%) GKP dropped to a trade low of 168.8p and is currently @ 170.4p
Opening Auction Closed @ 176.2p Brent Crude $60.25 (-0.03) (-0.05%) FTSE 100 . . . 6,845.17 (-32.33) (-0.47%) Auction . . . . Bid . . . . . . . Ask 176.2 . . . . . . zero . . . . . . zero . . . 7am Book 3,000(1)------6,600(1) 176.2 . . . . . . zero . . . . . . zero 176.2 . . . . . . zero . . . . . . zero . . . VFIL . . .@ 171.8-------179.0 176.2 . . . . . . zero . . . . . . zero . . . CANA . @ 171.6-------180.2 176.2 . . . . . . zero . . . . . . zero . . . PEEL . .@ 171.6-------180.2 176.2 . . . . . . zero . . . . . . zero . . . SCAP . .@ 171.6-------180.2 176.2 . . . . . . zero . . . . . . zero . . . INV . . . @ 171.6-------180.2 176.2 . . . . . . zero . . . . . . zero . . . BMCM .@ 174.8-------180.2 176.2 . . . . . . zero . . . . . . zero . . . WINS . .@ 170.0-------178.0 176.2 . . . . . . zero . . . . . . zero 176.2 . . . . . . zero . . . . . . zero . . . 7.55am Spread 10,000 @ 172------WINS @ 178 172.0 . . . . . . zero . . . . . . 1,424 172.0 . . . . . . zero . . . . . . zero 172.0 . . . . . . zero . . . . . . 91 172.2 . . . . . . zero . . . . . . 114 172.2 . . . . . . UT, 520 OP. 177.2 OilPrice.com Oil Price Charts | Oilprice.com Oilprices from around the world. Investing.com UK Major Stock Indices - Investing.com UK Major global indices traded in the UK and financial markets abroad including FTSE 100, S&P 500 and BSE. Along with real-time CFD prices for each.