Oil and Gas

Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. BP today announced that its US Upstream subsidiary, BP Exploration and Production Inc (BPXP) has executed the agreements with the US federal government and five Gulf […]

The share price of BP (LSE:BP.) has gained 4.60% today on the heels of the announcement that BP has agreed to an $18.7 billion settlement with the U.S. federal government and the five affected states on the U.S. Gulf Coast (Texas, Louisiana, Mississippi, Alabama and Florida). U.S. Attorney General Loretta Lynch noted that “If approved […]

Gulf Keystone stock (LSE:GKP) has broken out of a long-term base and this could be the beginning of a persistent bullish run. The price trended south in January to March 2015. The gap that occurred in February simply proffered an opportunity to sell short in the context of a downtrend. Since April, the stock has […]

Update on PEDL143 Licence, Holmwood Prospect, Weald Basin, UK Europa Oil & Gas plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, notes today’s announcement from UK Oil & Gas Investments PLC that it has executed a Farm-in agreement with Egdon Resources to acquire a 20% […]

Divestment of Interest in East Blackwell Northcote (AIM:NCT) has, in line with its strategy to dispose of certain non-core assets in its portfolio, it has sold its 100% working interest in the East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for US$75,000 in cash. East Blackwell has historically contributed approximately […]

Along with its co-venturers, BP is in the middle of a five year, £7 billion investment programme in the North Sea, including major projects in the central North Sea and Shetland area. BP and its co-venturers, ConocoPhillips, Chevron and Shell, have confirmed the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) […]

The Supreme Court of the United States makes major headlines only a few times a year, but when it does, it usually makes enough to stir up enough controversy to last well into its next session. In the past week alone the justices, in their infinite wisdom, have ruled against individual states rights with respect […]

Read on… Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, held its Annual General Meeting today. At the meeting, CEO Steven Snead said: “As our recent full year results demonstrate, Magnolia Petroleum is a cash generative, asset-backed oil and gas company focused on proven US onshore formations. From […]

When Tesla Motors’ share price (NASDAQ:TSLA) closed at 259.00 on 11 August 2014, it set a new record high. It continued to set new high nearly every trading day through 04 September before a bumpy, but consistent decline that lasted 27 March of this year when it bottomed out at 185.00 amidst gloom and doom […]

A miracle is expected to happen on Alfren shares (LSE:AFR), which would make them soar. This is what sensible speculators have been waiting for and they almost would not get disappointed. The market was in a strong downtrend late last year and in January 2015. However, since February, there has been a very tight sideways […]