Oil and Gas

Land Lease in Northern Kenya to Establish Logistics Hub Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, has said that Ardan Risk & Support Services, the Company’s primary investment, has entered into a 15 year lease over a sizeable land plot in Northern Kenya, which will be used for […]

Will involve 1.2m tonnes of LNG BP and Tokyo Electric Power Company (TEPCO) has signed a sales and purchase agreement for liquefied natural gas (LNG). Under the agreement, TEPCO will purchase from BP up to 1.2 million tonnes of LNG per year (mtpa) for 17 years starting in 2017. BP will supply TEPCO with LNG […]

A$2 million Convertible Loan Agreement Zeta Petroleum plc (ASX-ZTA:AU), the ASX listed oil and gas company with production, appraisal and exploration assets in onshore Romania, has entered into an agreement with its major shareholder, GM Investment & Co Limited whereby GMI will provide a A$2,000,000 convertible loan to the Company. The term of the GMI […]

New US$6 million Credit Facility Secured Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has secured a new US$6 million two year Credit Facility with improved terms. This replaces the Company’s existing US$5 million facility, the details of which were announced on 22 October 2013. Combined with […]

Final Results Empyrean Energy, a US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has announced its final results for the year ended 31 March 2014. Highlights: · Record financial results and production following a significant step-up in production at flagship Marathon Oil operated Sugarloaf AMI project […]

The shaking of BP’s share price (LSE:BP.) was almost seismic as it fell from 486.15 at 3:13 pm to 461.83 just nine minutes later, before closing at 455.00, a decline of 5.94% on the day. You could almost tell how long it took to read the 153-page judgment handed down by U.S. District Court Judge […]

Operations Update and Share Option Conversion DekelOil Public Limited, the West African focused palm oil producer, has provided an update on operations at its 51% owned vertically integrated palm oil project in Ayanouan, Côte d’Ivoire, which includes a recently commissioned 60t/hr Crude Palm Oil extraction mill, one of West Africa’s largest. · During the low […]

Plans to expand in Scandinavia Air BP today announced its agreement to purchase the aviation fuel business, Statoil Fuel & Retail Aviation AS (SFR Aviation), from Canadian company Alimentation Couche-Tard Inc. The deal will add around 73 new airports in the Nordic countries and Northern Europe to Air BP’s 600-strong global fuels network. The deal, […]

Also announce well updates Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is has announced that it has received a US$1,002,000 payment for consulting services provided to an international company acquiring an oil and gas project in Oklahoma. In addition, the Company has been notified by the […]

Preliminary Results of the Wressle-1 Well, onshore UK Europa Oil & Gas plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has announced preliminary results of the Wressle-1 conventional exploration well (`Wressle well’) in Lincolnshire which was drilled to a total depth of […]