Oil and Gas

BHP Billiton (LSE:BLT) apparently ascribes to the policy of “Don’t ask for permission. Ask for forgiveness.” Reasonble certain that their legal department has found a loophole in a long-standing ban on export of U.S. crude oil, the Anglo-Australian energy giant has set in process a plan to act without permission. That could be risky business. […]

Gulf Keystone shares (LSE:GKP) have been making commendable effort to go bullish. The price bottomed last month and since then has rallied. It is possible that the rally may be sustained in spite of occasional pullbacks, which are normal. You need to know the historical performances of your trading approach so that you can trade […]

Down £0.7bn on Q3 2013 BP has reported its financial results for the third quarter of 2014. Underlying replacement cost profit for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating […]

Operations Update for Shoats Creek Field, Louisiana North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, has provided an update on its 1,670 gross acre Shoats Creek Project, in Louisiana where NAP holds a 35%/26.25% working/net revenue interest alongside Northcote Energy (35% WI), and Springer […]

Two global companies to collaborate on R&D to take offshore industry’s subsea imaging capability to the next level. BP and CGG today announced an agreement for collaborative research and development in the field of new types of marine vibratory seismic sources. The agreement combines the companies’ research efforts and expertise to develop and deploy innovative […]

Urals Energy shares (LSE:UEN) had always been a hopeless equilibrium market. For most part of this year, the market has been moving in a very tight consolidation, until the price rallied massively at the beginning of October 2014. Some people may call that a spike. In the chart, the ADX period 14 is above the […]

President energy stock (LSE:PPC) was a volatile market which was trending downwards about a few months ago. But recently, things have gone bullish, plus the pullback that is currently happening in the market is a good opportunity to go long. When people are concerned about what is happening now, they would like to see recent […]

£1.5 million Fundraise and Grant of Share Options DekelOil Public Limited, the West African focused palm oil producer with a 51% interest in a vertically integrated palm oil project in Ayanouan, Côte d’Ivoire, announces that it hasraised £1.5 million before expenses through a placing of 87,200,000 new ordinary shares of €0.00003367 each in the capital […]

Follows soon after North Sea discovery BP today announced an oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners. The well encountered significant oil pay in Paleogene age Wilcox Sands. Located approximately […]

Time to get drilling? GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per […]