Oil and Gas

Red Emperor Resources NL (LSE:RMP) (ASX:RMP) requested to halt trading of its shares on the Alternative Investment Market today, prior to the release of the latest update of the exploration activities from its Shabeel North well in Puntland, Somalia. The move, nonetheless, did not shake rumours of an impending doom amongst investors but rather sparked […]

Independent oil & gas company, Afren plc (LSE:AFR), released its results for the first six months of 2012 much to the delight of its shareholders.  Although shares had risen only slightly by the end of the noon hour, the next few days ought to continue to bring a positive response to such a strong report. […]

Genel Energy plc (LSE:GENL) continues to secure its position as the biggest oil and gas producer in the autonomous region of Kurdistan, in Iraq, and has recently signed a deal taking a further 26% interest in another oil field in the said region. In a statement announced today, the London-listed firm said it signed a […]

The shares price of Xcite Energy (LSE:XEL), though in an overall downward trend, is giving buyers a unique opportunity to buy very cheap and ride their profits to the sky. While it is good to follow the line of the least resistance, one should know when the least resistance would become the greatest resistance. Normally, […]

The share price of Royal Dutch Shell (LSE:RDSA) moved modestly downward today, perhaps in response the company’s announcement that of its “swap” of natural gas assets with Chevron in Western Australia.  Shell opened the day at 2,259 and declined steadily to 2.238 by 1:00 pm. Summary of the Swap In the simplest of terms, according […]

AIM-quoted Jubilant Energy N.V. (LSE:JUB) has concluded its’ Phase III drilling programme in India, after successfully testing the last of the seven wells at its only producing Kharsang field, the company said today. KHG-64, the seventh well, is now flowing at a rate of 226 barrels of oil per day (bopd) after reaching a depth […]

AIM-quoted companies, Irish oil and gas firm Petroceltic International plc (LSE:PCI) and Scotland-based Melrose Resources plc (LSE:MRS) agreed to a merger to create a “regionally focussed independent oil and gas company”, the two companies disclosed today. Merger talks, which caught some investors by surprise, had been in place since February 2012, following a confidentiality agreement […]

The move by Premier Oil plc (LSE:PMO) to determine the northern extent of its’ Chim Sao oil field in Vietnam proved to be unsuccessful when the Chim Sao North West appraisal well did not find oil at one of the target reservoirs. Drilling 4,235 metres, Premier plugged and abandoned the CS-3X well after only the […]

Shares of Roxi Petroleum plc (LSE:RXP) jumped 11.7% in early morning trading after the Kazakhstan-focussed oil and gas firm said gross production from its Galaz field is anticipated to be at 500 barrels of oil per day (bopd). Roxi shares traded as high as 3.688 pence following the news before it went down to 3.25 […]

Kea Petroleum plc (LSE:KEA) is now about to become a commercial oil and gas producer, according to the New Zealand-focussed explorer. The director made the statement following the results of the production testing made at the Puka-1 well in onshore New Zealand. Oil and gas flowed at a controlled rate of 290 barrels per day […]