Kenneth G. Mondero

Rockhopper Exploration plc (LSE:RKH), the first company to discover oil and gas in the Falkland Islands, has secured for itself funds to develop oilfields at the eastern side of the tip of the South American continent after the Government of the Falkland Islands has granted approval of the farm-out agreement the exploration company signed with […]

Ireland’s soon to be first offshore oilfield is going to inaugurate the  establishment of an oil industry in the country, courtesy of Providence Resources (LSE:PVR), which said today it can recover a mean estimate of about 280 million barrels of oil 50 kilometres from the coast County Cork. Providence disclosed today, it will be able […]

Amidst the uncertainty of the global market and the volatility in the prices of commodities it produces, mining giant Rio Tinto is to assure its investors today that it is still an investment of choice, boosting confidence back at the City as shares rallied minutes before the company holds its investors seminar in London and […]

Britain’s second largest bank by asset, Barclays (LSE:BARC), is poised to expand its reach after agreeing to acquire a competitor’s savings and mortgage business in the UK to be added to the bank’s retail operation and said the deal will immediately be “accretive” to the bank’s return on equity. In a statement today, Barclays disclosed […]

Oil and gas explorer and producer Aminex plc (LSE:AEX) is to sell a portion of its stake in the newly discovered hydrocarbon basin in East Africa as the company seeks funding to continue its resource exploration in its asset in Tanzania. In a statement today, Aminex Chief Executive, Stuart Detmer said a formal farm out […]

Some 12,000 South African labour force lost their jobs today after the world’s largest platinum producer, Anglo American Platinum Limited (Amplats) – a subsidiary of global mining giant Anglo American plc (LSE:AAL), dismissed workers who did not show up during the disciplinary hearing set up by the company in connection with the strike of its […]

Kazakhstan-focussed exploration and development company Jupiter Energy (LSE:JPRL) has successfully found oil fifth in a row after drilling another exploration well in its 100% controlled licence in the Central Asian country, two months before the exploration licence expires at the end of 2012. In a statement today, Jupiter said J-55 well, the first of the […]

Independent oil and gas producer Gulf Keystone Petroleum (LSE:GKP) is raising funds through debt financing to fuel the development of its asset in the Kurdistan Region of Iraq as well as to keep the company afloat, three weeks after the company reported its loss for the first six months of the year tripled compared to […]

Amidst a disciplinary hearing of its striking employees from its platinum operations, global natural resources miner Anglo American plc (LSE:AAL) is now faced with a new group of strikers from its iron ore mine in South Africa, marking the first industrial action in the iron ore industry in the country since labour unrest erupted in […]

Oil and gas engineering and contracting services provider Lamprell plc (LSE:LAM) warned today it will end the current fiscal year at a loss “significantly greater” than previously estimated and said it plans to appoint external advisors to determine how much the loss will be, following several delays in delivery of projects during the year. Back […]