Oil and Gas

Time to look back. The Azerbaijan International Operating Company (AIOC) operated by BP, has celebrated the 20th anniversary of the Azeri-Chirag-Gunashli (ACG) production sharing agreement, signed on 20 September 1994 between Azerbaijan and eleven international companies – but, on reflection, how does it add up? From the start, activity level on ACG has remained high. […]

Interim results for the six months ended 30 June 2014 Financial Highlights for the period include: · Revenue of USD 29.4 million, an increase of 7.4% over the comparative period (1H 2013: USD 27.4 million) · Earnings before interest, taxes, depreciation and amortisation for the period amounted to USD 28.01 million, an increase of 11.6% […]

Incorporation of JV Company and Award of Permit to Participate in Upcoming Mexican Licensing Rounds MX Oil, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has announced the incorporation of its Mexican joint venture company with established local oil services provider, Geo Estratos. This update is in line […]

It has been wisely said that, “Just because you are paranoid, it does not mean that people aren’t out to get you.” BP’s share price (LSE:BP.) (NYSE:BP) is being battered once again by the never-ending repercussions of the Deepwater Horizon tragedy in the Gulf of Mexico. The oil giant is beginning to look like the 97-lb. […]

Update on Strategic Review and FSP alongside Further to the announcement by the Company on 10 July 2014 in connection with a strategic review and the commencement of a formal sale process, Empyrean advises that it has set a closing date for bids of 25 September 2014. As notified previously, the Board reserves the right […]

Interim Results Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces its interim results for the six month period ended 30 June 2014. Highlights: * 93% increase in H1 2014 revenues to US$1,755,459 (H1 2013: US$910,721) * Half year EBITDA of US$699,397 compared to US$237,552 (after removing gain […]

New USA Non-Exec Director appointment 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, appointed Charles Jones to the Board of Plexus as a Non-Executive Director with immediate effect. Mr Jones’ role will include advising the Board in respect of interacting […]

Q2 2014 Production and Operational Update Empyrean Energy, an US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, released new details regarding production and operations for the three month period to the end of June 2014 updated with current data since the end of the Quarter, where […]

Thalassa Holdings share price sank nearly 24% following publication of its interim results for the first half, as of 30 June, in a vivid display of the anxiety that continues to infect investors. My personal opinion is that the anxiety is not caused so much by any particular company report, but more so by concerns […]

Aminex stock (LSE:AEX) has made sudden and substantial gains, breaking upwards from a long-term base that was building for several months. This is the kind of signal that professional speculators want to trade! The price is now trading far above the EMA 21 as the Williams’ % Range period 20 has already gone into the […]