Oil and Gas

On 16 December 2013, the Board of Europa Oil & Gas (Holdings) plc announced details of a Placing to raise up to £2.86 million through the issue of 47,694,665 new Ordinary Shares and an Open Offer to raise up to a further £1.16 million through the issue of up to 19,332,855 new Ordinary Shares, all […]

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to announce its participation in four new wells in North Dakota. All four wells are to be drilled on the same spacing unit as the Skunk Creek 14H and Skunk Creek 15H wells that are producing from […]

We haven’t even had time to fully digest the significance of the news of Ben van Beurden assuming the role of CEO at Royal Dutch Shell (LSE:RDSA); (LSE:RDSB) and we are already hearing that RDS intends to divest $15 billion in assets, beginning immediately and continuing through 2015. Investor response thus far has been restrained, with […]

DEEuropa Oil & Gas (LSE:EOG), an AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce it has received notification from the Department of Energy and Climate Change that phase 1 of the PEDL 181 Licence has been extended by one year until 30 June 2015. This will […]

“When historians write this story 10 or 20 years from now, they are going to look at a very different U.S. Everything has changed.” That was the forecast of Philip Verleger, energy sector guru and former director of energy policy at the U.S. Treasury Department, in an article published this week. Energy Investors, Beware! Your […]

Empyrean Energy (AIM:EME), ae US onshore oil, gas and condensate exploration, development and production company, has arranged a US$5 million drawdown under Tranche B of its facility with Macquarie Bank to fund operations during 2014. The work will include the increased pace of drilling expected on the Sugarloaf AMI, an Eagle Ford Shale oil, condensate […]

Magnolia Petroleum (AIM:MAGP), an AIM quoted US focused oil and gas exploration and production company, has released a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights: · IPRs reported […]

BP have said that 2013 had been its most successful year for new field exploration for almost a decade. During the year, BP has participated in 15 completed wildcat exploration wells which have resulted in seven potentially commercial discoveries, giving a new field exploration success rate of over 40%. Lamar McKay, chief executive of BP’s […]

DekelOil (LSE:DKL), the operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has accepted the conversion of four Capital Loan Notes totalling EUR570,000. The Loan Notes will convert into 43,913,713 new ordinary shares of €0.00003367 each in the Company (‘New Ordinary Shares’) at a conversion price of 1.1 pence […]

BP has said all of the major new units associated with the Whiting modernization project have been successfully brought on stream. The start-up of the new 102,000 barrel per day coker in mid-November marked the last major milestone of the multi-year, multi-billion dollar modernization project at the facility in Northwest Indiana. “The safe start-up of […]