Oil and 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 […]

At last the DOGGR website from the State of California has published the official October output numbers from AIM listed penny dreadful oil producer Sefton Resources (LSE:SER). And guess what? The number is lower that the company itself was saying in an RNS issued 12 days ago. Hey ho. Happy Christmas chairman JimBob Ellerton when […]

Range Resources (LSE:RRL) was forced to issue a statement on 14th December saying that it noted unusual share trading activity and knew of no reason for this but that it plans operational updates within the next few days. Though I continue to believe that the shares are materially overvalued at 3.95p (my target price is 1.5p) I […]

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 […]

The UK government has given the go-ahead for Cuadrilla to resume it’s controversial technique known as fracking to exploit gas in Lancashire. Cuadrilla, a UK firm specialising in shale gas, was stopped from fracking after two small earthquakes occurred during it’s previous drilling programme in Blackpool. Fracking involves drilling down and creating tiny explosions to […]

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 […]

Yesterday Tullow (LSE:TLW) announced that it had let its interests in Guyana drop.  The press office at Northern Petroleum (LSE:NOP) has fielded a number of calls about how Northern was going to proceed with its drilling campaign in the area. Is this an indictment of how badly history is taught in schools or how badly […]

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 […]

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 […]

The Middle East has its Arab Spring; the UK has its Autumn Statement.  The Arab Spring bombed.  So far the Autumn Statement is going over like a fart in church, at least with the environmentally inclined. What the Autumn Report Does The new UK energy strategy focuses on increased production of gas, largely through investing […]