Oil and Gas

Additional Well Order Signed With Det Norske – Norway Plexus Holdings PLC, an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has received a purchase order from Det Norske Oljeselskap ASA to supply surface wellhead and mudline equipment services for Geopilot#2, an oil and […]

Whatever announcement comes out of the OPEC meeting on Thursday , 27 November, may possibly be the biggest news story of 2014. Whatever the decision, it will have economic and geopolitical ramifications for some time to come, although much of the impact may not come until the alliance meets again in the Spring of 2015. […]

£1.9 Million Well Order 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 received a purchase order from a major oil and gas operator to supply surface wellhead and mudline equipment services for a gas and condensate exploration well in […]

Q3 2014 Production and Operational Update Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has provided the following production and operations update on its flagship Sugarloaf AMI in the prolific Eagle Ford Shale, Texas. This update is in respect of the three […]

U.S. President Barak Hussein Obama promised “hope and change” in 2008. It has become clear to most Americans that there is now no hope of stopping him from imposing his personal agenda of change on the entire country, whether it’s in the best interest of the country or not. The self-proclaimed student of the United […]

Lucky Belgium. BP announced today that it plans to invest over $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world. “This allows us to apply our latest proprietary technology and […]

Four o’clock in the afternoon is a favorite time of the day for the executives of U.S.-listed companies to make major announcements. And when they do, they can generate a flurry of activity from the trading floor to the front page. Technically, there has been no major announcement from either Halliburton (NYSE:HAL) or Baker Hughes […]

Gulfsands Petroleum shares (LSE:GPX) have been falling and it would be logical to keep on selling them. As the shares fall further, buyers are being hit repeatedly because they refuse to honor the power of the bear at the moment. The viper does not tolerate insults. In the chart, the ADX period 14 is around […]

Will they takeover? BP have said that they are now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures the effectiveness […]

Award of blocks in the competitive 2013 EGAS bid round BP Egypt has confirmed today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases. Block 3 – […]