Oil and Gas

Whilst the general populace looks upon the current unrest and atrocities in Iraq, the financial markets are reacting, not with the horror of the general public, but with concern about the potential value of their investments. In no way do I mean to make this sound like the financial world has no heart. I am, […]

The share price of ExxonMobil (NYSE:XOM) hit a 52-week high in early trading this morning at 103.25. It is currently at 102.97 at 11:10 EDT, up 0.30% from Friday’s close. The share price low point for the 12-month period was 84.79, reached in October 2013. ExxonMobil may be a giant among giants, but its sheer […]

Is it possible that what happens within the country of Iraq, a veritable poster child for middle eastern turmoil, could have so great an impact as to cause the fragile economic recovery to collapse? The worry on the street is that the answer is “Yes.” The world is a crazy place to live, but it’s […]

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has held its Annual General Meeting later today. At the meeting, CEO Steven Snead will made the following statement: “Magnolia Petroleum is a high growth company focused on acquiring and developing leases in proven US onshore formations such as the […]

Partial relinquishment of Licence Area New World Oil and Gas Plc, an oil and gas operating company focused on Denmark and Belize, has announced that it has secured an extension in work programme commitment deadlines for Licence 1/08 at its Danica Resources Project in Southern Denmark to 31 January 2015. This extension was discussed with […]

Sometimes I think that if it were not for bad luck, Gulf Keystone Petroleum (LSE:GKP) would have no luck at all. It seems like every time the company catches a break, something goes wrong. The GKP share price was down 0.58% today to 90.47, much closer to the low end of its 52-week range of […]

Several London-listed oil and gas exploration firms have encountered positive drilling results recently, as announced in their regulatory filings Monday, as well as increased their proven reserves. Wells drilled by Mosman Oil & Gas (LSE:MSMN), Hurricane Energy (LSE:HUR), and Leni Oil & Gas (LSE:LGO) met different successes, while Caza Oil & Gas (LSE:CAZA) and Sound […]

In tandem with Northcote Energy North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, notes that Northcote Energy Ltd (LSE:NCT), its partner and operator of the 1,520 gross acre Zink Ranch Project in Oklahoma, has announced initial gross flow rates for the 8-A well at […]

Premier Oil’s (LSE:PMO) recently drilled well in Indonesia proved to be successful after encountering gas-bearing quality sands, the company reported on Wednesday. In a statement, the FTSE 250 oil and gas explorer said the Singa Laut-1 well discovered 177 feet of net gas reservoir in its Tuna Production Sharing Contract, where it holds 65 percent […]

Ophir Energy (LSE:OPHR) said Wednesday it has made a new gas discovery in Tanzania. In a statement, the FTSE 250 oil and gas explorer said the Taachui well encoutered 155 metres of net gas pay equivalent to an estimate of about 1 trillion cubic feet (tcf) of gas. “The size of the gas column is […]