Oil and Gas

++ BREAKING NEWS ++ Geoff Morrell, BP America’s Senior Vice President of U.S. Communications and External Affairs, issued the following statement today in response to the United States Supreme Court’s denial of BP’s request to review the Fifth Circuit decisions relating to the compensation of claims for losses with no apparent connection to the Deepwater […]

++ BREAKING NEWS ++ Midstates Petroleum Company, Inc. (NYSE:MPO)announced today that the buyer in the transaction for the sale of the Company’s DeQuincy area assets in Louisiana has terminated the purchase and sale agreement. The DeQuincy assets continue to produce approximately 1,400 barrels of oil equivalent (70% oil) and generated in excess of $20 million […]

Formally Awarded Five Licences Over Eleven Blocks in the UK’s 28th Offshore Licensing Round Cluff Natural Resources Plc, the AIM quoted natural resources investing company, announces that further to the provisional award of promote licences in the UK’s 28th Offshore Licencing Round on 7 November 2014, it has now been formally awarded the five promote […]

Update on Timing of Wressle-1 Well Testing Europa Oil & Gas, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is pleased to note the announcement of Egdon Resources today regarding the timing of operations to test potential hydrocarbon bearing zones in three separate […]

Update on Expansion Plans in Côte d’Ivoire DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has been notified by its joint venture partner, Biopalm Energy, that it has elected to maintain its 49% interest in Ayenouan. As a result, Biopalm will invest €1.2 million to […]

I really did expect to write about something other than oil today, but you know what they say about the best laid plans of mice and men. The mere mention of ExxonMobil (NYSE:XOM) in my article yesterday led me to think a bit more about the issue, especially as XOM makes for a good example […]

There is a human tendency – we all have it – to forget the bigger picture when a singular matter is making headlines. Whilst I obviously believe the recent news regarding oil production and pricing is BIG (this is my fourth  consecutive  article on the subject), I feel compelled to remind us all that it’s not […]

Gulf Keystone stock (LSE:GKP) is still bearish in outlook and long trades are not currently recommended. The bearish forces that cause the current weakness are present in the market. The insects that devour vegetables live on vegetables. The price is almost below the EMA 21 and the Williams’ % Range period 20 is not that […]

I am finding it difficult to stray too far from the subject of oil, post the OPEC conference. It’s absurd to think that the reactions, responses and fallout are going to stop just because the headlines point us to the next big story. The immediate aftermath was highly predictable as investors thought the sky was […]

I warned on 26 November that the fallout from whatever decision OPEC made about maintain their oil production at its current levels would have a significant impact. At the time, I asked the question, “Economics or Evolution?” After further consideration, I think I forgot to begin that last word with an “R.” What’s Really Going […]