Oil and Gas

Smallholder Supply Agreement at 38% Premium to Closing Stock Price DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has signed an agreement with a local smallholder, which owns approximately 1,000 ha of mature estates, for the supply of fresh fruit bunches for processing at the […]

Specialised programmes open to further increase and promote employee diversity BP, one of the world’s leading international oil and gas companies, today opened a series of recruitment and career development programmes to further increase employee diversity within its Integrated Supply and Trading (IST) division. The programmes, specifically open to military leavers, school leavers and...

Plexus’ Tersus™ Mudline and Adjustable Rental Wellhead with Masirah Oil in Oman Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced that it has been awarded a contract with new customer Masirah Oil Limited, the Oman branch of the […]

Ruhr Oel GmbH as part of German refining venture restructuring Rosneft and BP have announced that they have signed a binding agreement to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move toward completion of the previously announced restructuring of the two companies’ German refining and petrochemical venture. The agreement was approved […]

‘Highly respected petroleum engineer and oil and gas investment specialist’ Magnolia Petroleum, the AIM-quoted, US onshore-focused oil and gas exploration and production company, has announced that Mr. Thomas Wagenhofer has been appointed Chairman of the Board with immediate effect. He replaces Mr. Gavin Burnell who is stepping down from the Board to pursue other business […]

Pre-close Update Cluff Natural Resources Plc, the AIM quoted natural resources investing company, has announced a pre-close update for the financial year to 31 December 2015: In the course of the year, the Company has moved its primary focus from its Underground Coal Gasification (‘UCG’) assets (in particular the development of its Kincardine Project in […]

Update on Four Awarded Mexican Onshore Concessions MX Oil, the AIM quoted oil and gas investing company, has provided further details on the four Land Contract Areas it was awarded, alongside its local partner Geo Estratos, during the third phase of the Bid Round 1 Licensing Round for onshore conventional concessions in Mexico. In line […]

Full Year Production Update DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has provided a production update for the year ended 31 December 2015. Crude palm oil production increased by 151% to 35,770 tonnes at the Company’s 60 t/hr CPO extraction Mill, one of West […]

Expected to close in early 2016, deal marks a key step in restructuring of BP’s global petrochemicals business BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business for improved profitability and long-term growth. The […]

Gulf Keystone stock (LSE:GKP) is expected to go further downwards this year, just as it was predicted last year. The market went downwards protractedly and persistently, bringing profits to those who understand that this is a bear market. Trading is a business to be understood. 4 EMAs are used for this analysis and they are […]