Oil and Gas

BP has announced it has made a “significant oil discovery at its Gila prospect”, which it co-owns with ConocoPhillips, in the deepwater US Gulf of Mexico. This is BP’s third discovery in recent years in the emerging Paleogene trend in the Gulf of Mexico and reflects the company’s ongoing commitment to the US offshore region. […]

Gulf Keystone shares (LSE:GKP), which have long been in some areas of stabilization, are expected to go seriously upwards this year, at least testing the distribution territory of 240.00 again, and possibly going far above it. The condition in the market shows that the price momentum is low. However, there would soon be a breakout […]

It is more probable that Edge Resources (LSE:EDG) shall drop to the support level of 3.0 eventually, even breaking below it. This is a great possibility, for it is not uncommon for the price to sometimes drop like a stone, breaking the so-called psychological demand levels. On the chart, the price is under the EMA […]

Europa Oil & Gas (LSE:EOG) have announced a detailed placing and open offer to raise approximately £4 million. The funds will be used to drill an additional well onshore UK in 2014; to advance the Company’s Irish Atlantic Margin licences where it partners with Kosmos Energy; and to participate in the next Irish Licensing Round. […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has commenced work on the Moursand A-2 well, in the Little Drum Unit in Osage County, Oklahoma in which Northcote has an 51.75% working interest and 75.1% net revenue interest. This project will complete the targeted four well fracture stimulation programme planned for […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration, development and production company focused on Europe, have held their Annual General Meeting. At the meeting, Chairman Bill Adamson made the following statement: “Twelve months ago at the 2012 AGM, we reported that our high impact exploration licences in the Irish Atlantic Margin; […]

Sirius Petroleum stock (LSE:SRSP) has been a turbulent market that is difficult to handle. This is a market where tight stops get hit easily. It is not an overstatement to say that the market is currently in upswings and downswings, while downswings are dominant. As a result of this, the tongue-tied bulls do not know […]

Sirius Petroleum (LSE:SRSP) and BG Group (LSE:BG.), virtual David and Goliaths of the oil industry made public discoveries of significant and previously unexpected recoverable resources in their fields off the coast of Africa. Discoveries Sirius announced that an independent assessment by Schlumberger, the world’s largest petrochemical service company has confirmed 35.2 to 44.1 million...

E.ON, (FWB:EOAN) has today announced that from 18th January 2014 its energy prices for existing standard variable dual fuel customers will be on average 3.7% higher. In a statement the energy giant argued that “For the second year running E.ON has announced an increase later than any other major supplier and has once again shown […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has announced that it has acquired a 100% Working Interest (‘WI’) in the East Blackwell Unit (‘East Blackwell’) in Kay County, Oklahoma. Concurrently, the Company has agreed terms for the farm-out of a 20% interest in East Blackwell, in line with its strategy […]