Oil and Gas

BP Trinidad and Tobago LLC has announced the sanction of its Juniper offshore gas project. The project will feature the construction of a normally unmanned platform together with corresponding subsea infrastructure, a first for BP Trinidad and Tobago. Fabrication is proposed to begin in 4th quarter, 2014. The Juniper facility will take gas from the […]

Appointment of Non-Executive Director DekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has announced that Ms. Orli Arav, who has more than eighteen years’ experience in project and structured finance within financial institutions and advisory firms, particularly in Africa, has been appointed as Non-executive...

Worth $120m Rex Energy Corporation (Nasdaq:REXX) today announced the acquisition of approximately 208,000 gross (207,000 net) acres in the company’s Butler Operated Area. Acquisition: Rex Energy has entered into a definitive purchase agreement with SWEPI, LP, an affiliate of Royal Dutch Shell, plc to acquire a 100% interest in approximately 208,000 gross (207,000 net) acres […]

President Signs Mexican Energy Reform Legislation MX Oil plc, the AIM listed oil and gas company focused on the re-opening Mexican energy sector, has announced that President Enrique Pena Nieto pf Mexico has approved legislation required to reopen the country’s vast energy industry to the private sector. This follows approval by both the Lower Congress […]

President Energy shares (LSE:PPC) may lose more of their value when the price breaks out and go further south. The market has been very choppy and volatile lately, plus the logical thing to do right now is to seek short trades. Since last month, July 2014, the price has been coming down, going through very […]

It was just three days ago, Monday, 04 August, that I wrote about Kurdish oil producers shares falling as the militants of the Islamic State had taken new ground in northern Iraq, include control of the countries largest dam on Lake Mosul. Continued advancement, now eastward, by the militant troops is quickly eroding investor confidence […]

Company call it a ‘signficant milestone’ BP announced today that the Government of Indonesia, through the Ministry of Environment, has approved the Tangguh Expansion Project Integrated AMDAL environmental and social impact assessment and issued the project an environmental permit. The AMDAL includes Tangguh’s environmental and social commitments. It also outlines the role of the...

Senate Gives Final Approval for Mexican Energy Reform Further to the Company’s announcement on 16 and 23 July 2014, MX Oil plc, the AIM listed oil and gas company focused on the re-opening Mexican energy sector, has responded to, following approval from the Lower Congress, the Mexican Senate gave final approval early on Tuesday with […]

Roxi Petroleum shares (LSE:RXP) are very strong right now, having broken upwards and having resumed a bullish journey since last month. This bullish bias has also continued this month… and this is just the beginning. In the chart, the ADX period 14 is above the level 50, going towards the level 60. This signifies a […]

Afren stock (LSE:AFR) has now become hopeless against the bears. The price gapped down massively recently, rendering any bullish hope and outlook useless. The market was in a tight consolidation – a cutthroat struggle between the bulls and the bears – for a few months. But at the end of July/beginning of August, 2014, the […]