Oil and Gas

Contrary to expectations, Gulf Keystone shares (LSE:GKP) were weak throughout the last year. Price dived freely and upwards bounces proffered great short-selling opportunities. The bearish outlook is valid for this year: the upward bounces along the way should not be chased. A mouse that tries to chase a cat is looking for trouble. A dog […]

Additional £1.5m Three Well Order from Brunei Shell Petroleum Sdn Bhd for Plexus’ POS-GRIP Wellhead Systems 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 it has received purchase orders from Brunei Shell Petroleum Sdn Bhd to supply both […]

Terms not disclosed Oil States International, Inc. (NYSE:OIS) announced today that its subsidiary, Oil States Industries, Inc., has acquired Montgomery Machine Company, Inc.. Headquartered in Houston, Texas, MMC combines machining and proprietary cladding technology and services to manufacture high-specification components for the offshore capital equipment industry on a global basis. Terms of...

Final major project of 2014 BP, on behalf of the Kinnoull field co-venturers, has announced the start of production from the Kinnoull field in the central North Sea. Kinnoull is BP’s seventh and final major upstream project start-up in 2014. The Kinnoull reservoir, developed as part of a wider rejuvenation of the Andrew field area, […]

Interim Results for the Six Months Ended 30 September 2014 Empyrean, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has provided an Interim Report for the six months ended 30 September 2014. Highlights Financial: · 32% increase in revenue to US$7,911,000 (30 September 2013: […]

Victoria Oil and Gas shares (LSE:VOG) have begun going upwards in what can be called the end of the year rally. The recent bias was bearish and price dived further downwards this month before further bearish movement was rejected. Since then, the price has moved upwards seriously, with an up-gap that pushed the price higher. […]

Just minutes after the New York Stock Exchange opened this morning (Tuesday, 23 December), Santa delivered an early Christmas present. The Dow Jones Industrial Average (DJIA) went flying past the 18,000 mark for the first time ever. Only a decade ago, and certainly following the 2008-2009 financial crisis, no one would have believed that 18,000 […]

To explore Shallow Water Absheron Peninsula BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is […]

On first Rumaila visit, oil minister Adel Abdul-Mehdi’s charts progress and hears plans South Oil Company, BP, PetroChina and SOMO, which together form Rumaila Operating Organization (ROO), today pledged to ensure Rumaila continues to expand its contribution to Iraq over the next 20 years. Iraq’s new oil minister Adel Abdul Mehdi today attended an event […]

Mexico Update Northcote (AIM:NCT), an onshore US oil and gas exploration and production company, has responded to the announcement by MX Oil (AIM:MXO) with whom it has entered into an Agreement conferring Northcote the right to participate, at a level of up to 20%, in potential business activities, alongside MX Oil, in the upstream oil […]