Oil and Gas

This past week the FTSE 100 aggregate companies regained £62 billion of the £112 billion in valuation that they lost during the prior week. The index finished the week at 6,545.27, a gain of 3.9% on the week. Oops! Pardon me. That introduction kind of took the polish off the headline, didn’t it? Oh well, I might […]

Update on Mexican Joint Venture Company activities in Mexico MX Oil plc, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has updated the market on its Mexican Joint venture company with its partner Geo Estratos. Significant work has been undertaken by the JV on a number of target […]

Update on Operated Leases in Oklahoma Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has provided fresh details concerning its operated leases in Oklahoma including a more than doubling of production at its 100% owned Roger Swartz #1 well following the successful completion of low cost stimulation […]

The share price of Gulf Keystone Petroleum (LSE:GKP) is up 4.10% today, continuing its rise that began early Monday morning. GKP’s shares are currently selling at 65.58 on the London Exchange. Last Friday, 12 December, those shares closed at 51.00, opening Monday at the same price, meaning that GKP has increased by 28.6% over the […]

I had come to have a modicum of admiration (that’s about as much as I can muster for a politician or a banker) over the past few years. But today, either someone slipped him a stupid pill or he is doing his imitation of Barack Obama (moving his lips and expecting people to believe the […]

Located 60 kilometres northeast of Fort McMurray, Alberta, BP confirmed today that operations have started at the Sunrise Phase 1 in-situ oil sands project in Alberta, Canada, with the start of steam generation. Husky Energy is the operator of Sunrise, a 50/50 joint venture with BP. Sunrise is being developed using steam assisted gravity drainage […]

Mexican Energy regulator formally launches Mexico’s energy bid round MX Oil plc, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has reflected on the, Mexican upstream oil regulator, CNH’s approved rules for the first part of Bid Round 1, specifically the shallow-water exploratory blocks. According to CNH, data […]

Also expects $1 billion in Group-wide restructuring charges over coming year BP will today present to investors its strategy and plans to the end of the decade and beyond for its Upstream oil and gas business. The day-long presentation, led by BP’s Upstream chief executive Lamar McKay, will provide an in-depth and detailed account of […]

Diversifies Sales through Relationship with SIAT DekelOil Public Limited, operator and 51% owner of an established, vertically integrated palm oil project in Côte d’Ivoire, has announced that it is supplying Société d’Investissement pour l’Agriculture Tropicale, an agro-industrial group of companies, with Crude Palm Oil produced from its 60 t/hr extraction Mill. DekelOil is...

Drilling Rig Fuel Costs Expected to Drop by ~50%; Significant Reduction in CO2, NOx and SOx Emissions Projected Halcón Resources Corporation (NYSE:HK) today announced that it has commissioned its first compressed natural gas facility through its subsidiary, Hawk Clean Fuels. This CNG facility is serving the Company’s operations in its El Halcón area in East […]