Kenneth G. Mondero

A mob of angry users filled the spaces of social media sites today in reaction to new terms of service and privacy policies published by Instagram, a photo sharing application owned by Facebook, giving the service rights to use its users’ information and contents as a means of generating revenue. In an unadultered form, I […]

Fortune Oil plc (LSE:FTO) might just have its best deal ever. In a statement today, the London-listed oil and gas supplier in China agreed to sell its natural gas business in a deal which values the business at US$400 million. Fortune Oil’s natural gas business is controlled through an 85% interest in the Fortune Gas […]

Shares of FTSE 250 firm, Centamin plc (LSE:CEY), have climbed back again today after the company announced its gold export has resumed after being halted last week by customs authorities, loosely linked to a fuel dispute with Egypt’s state-owned oil firm Egyptian General Petroleum Corporation (EGCP). Centamin shares reached a four-year low last week, 13th […]

Hydraulic fracturing or fracking for shale gas can now again be implemented in the United Kingdom as Britain’s Department of Energy and Climate Change (DECC) has lifted suspension of the said process over a year after the same was believed to be the cause of seismic tremors in the northwest region of England. In a […]

Anglo-Australian commodities producer, BHP Billiton plc (LSE:BLT), is letting go of a minority stake in a natural gas project offshore of Australia as the company continues to reshape its portfolio to meet the changing landscape of resource markets. The world’s largest mining group signed a definitive agreement, selling its interests in the Browse Joint Venture […]

Independent oil and gas producer, Tullow Oil plc (LSE:TLW), was one of the biggest losers on the London Stock Exchange today after the company’s exploration well in a deepwater licence in offshore Ghana, Western Africa found little oil, disappointing investors, who anticipated a repeat success of July’s discovery from the same area. The Okure-1 exploration […]

Europe’s largest banking business by market capitalisation, HSBC Holdings plc (LSE:HSBA), has agreed to settle the biggest anti-money laundering penalty in history for a bank, the company announced earlier today. In a statement, HSBC stated it is to pay US$1.92 billion (£1.2 billion) to authorities in the United States and is close to “finalising an […]

Britain’s largest coal producer, UK Coal plc (LSE:UKC), has completed the restructuring of the company, beset with insurmountable deficit in pension contribution and debt nearly seven times its market capitalisation, in an “unprecendented scale” that saved more than 2,500 jobs. The company will be renamed Coalfields Resources plc, to reflect “the new emphasis of its […]

West Africa-focused gas producer, Gasol plc (LSE:GAS), has inked the deal which will allow the company to market gas in the region, the company announced today. In a statement, the AIM-listed firm said it signed the joint venture agreement with Societe Bengaz S.A. (BenGaz), to form a company to be named Cogaz S.A., which will […]

Shares of independent oil and gas producer, Frontera Resources Corporation (LSE:FRR), plunged to an all-time low earlier today after the company said gas production from its Mtstare Khevi gas field in the former Soviet republic of Georgia will be delayed until 2013. Over 60 million shares were swapped since trading started earlier today, resulting in […]