Oil and Gas

Normally I don’t pay much attention to warnings of potential financial woes on the horizon, largely because there is always someone prophesying global gloom and doom. But when Citigroup’s chief economist warns, it is not only something I regard as newsworthy, it is something I regard as significant. Willem Buiter doesn’t do this sort of […]

Joint Industry Project supported by BG, Royal Dutch Shell, Wintershall, Maersk, TOTAL, Tullow Oil, eni, Senergy, and Oil States Industries Inc. Plexus Holdings, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has launched the POS-GRIP Python Subsea Wellhead at a launch ceremony attended […]

Final Results Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has announced its final results for the year ended 31 March 2015. Highlights · Record revenue and production driven by further improvements at flagship Marathon Oil operated Sugarloaf AMI project (EME 3% […]

Empyrean Energy stock (LSE:EME) may experience a serious rally anytime, which could result in loads of windfalls for bulls. Although the price consolidated to the downside in recent months, there has been an upward bounce, which occurred towards the end of August 2015. The upwards bounce remains in place till now. In the chart, the […]

Update on Extended Well Test on Wressle Discovery, Onshore UK Europa Oil & Gas, the AIM quoted oil and gas company with producing and exploration assets in Europe, has noted today’s update from Egdon Resources regarding Extended Well Test operations on the Penistone Flags oil zone and the Ashover Grit intervals at the Wressle-1 oil […]

Participating in Mexican Onshore Field Bid Round Northcote (AIM: NCT) is pleased to announce that, further to its previously announced intention to secure and develop onshore conventional fields in Mexico, the Company has registered for, and been granted, access to the data room being administered by the National Hydrocarbons Commission in order to assess such […]

Gulf Keystone shares (LSE:GKP) are making a false appearance of recovery, which could be a trap for the unwary buyers. The unpredictably that abounds in the oil sector is one factor behind the weakness the price is experiencing. As one expert recently said, today’s world is very complex and more uncertain than ever. When fundamental […]

Xcite Energy stock (LSE:XEL) is bearish in outlook, and there is no hope of a significant recovery right now. When the market rallies, it would simply proffer opportunities to sell short. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is […]

Positive Drilling Update Offshore Nigeria MX Oil plc, the AIM quoted oil and gas investment company, has been advised by its partners that the Aje-5 well in the proven Aje Field on licence OML 113 offshore Nigeria, has reached targeted depth of 3,255 metres (measured depth) and has intersected hydrocarbon bearing intervals in line with […]

What are the details? BP and OMAN INTERNATIONAL PETROCHEMICAL INDUSTRIES COMPANY (OMPET) (a joint venture between Oman Oil Company, LG International Corp and Takamul Investment Company) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology. OMPET intends to build a 1.1 million tonnes per annum (tpa) unit at Sohar, […]