Oil and Gas

Gulf Keystone stock (LSE:GKP), which was recently trending downwards, is now consolidating. This is a pause in the midst of an extant momentum prior to the next move – either in favor of buyers or sellers. What is now the next direction in the month of November? On the chart, the price is currently between […]

BP (LSE:BP) (NYSE:BP) has opened a new facility in Houston to house the world’s largest supercomputer for commercial research. The Center for High-Performance Computing, located at BP’s US headquarters in Houston, will serve as a worldwide hub for processing and managing huge amounts of geophysical data from across BP’s portfolio and be a key tool […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has reported the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (‘FELs’) 2/13 and 3/13 in the South Porcupine Basin, offshore Ireland. Kosmos Energy […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, had released preliminary results for the year ending 30 June 2013. Results: · Record revenue, EBITDA, profit before tax and profit after tax · 29.7% increase in revenue to £25.57m (2012: £19.71m) · […]

Magnolia Petroleum (LSE:MAGP),an AIM quoted US onshore focused oil and gas exploration and production company, has announced it has secured a US$5 million three year Credit Facility). Combined with the Company’s fast growing revenues from production, which as at 1 August 2013 stood at 214 boepd, the Credit Facility will provide funding for future drilling […]

Will this stock make you a Mill-ionaire? DekelOil Public Limited (LSE:DKL) , operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has strated the construction of its 60 t/hr Crude Palm Oil (‘CPO’) extraction mill by Modipalm Engineering SDN BHD (‘Modipalm’), the leading Malaysian engineering company is progressing well. […]

AOLERG? Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, announced that its 49% owned subsidiary, Ardan Risk & Support Services (‘Ardan’), has acquired a 20% interest in Energy Resources Group Africa Limited (‘ERG’), a specialist provider of professional onshore and offshore safety, survival and emergency response training...

BP (LSE:BP.) has Richard Herbert appointed as its new head of exploration. Mr Herbert will succeed Mike Daly who has chosen to retire from BP at the end of 2013 after a career of 28 years with the company, eight leading BP’s exploration function. Mr Herbert will rejoin BP from Talisman Energy where he has […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has confirmed has been awarded a contract with BG International Egypt, a division of BG Group plc (‘BG Group’), a leading oil and gas operator in the global energy market, for the […]

Mariana Resources (LSE:MARL), an AIM quoted exploration and development company focused in Peru and southern Argentina, has announced the initial drilling program at Condor de Oro gold/copper project in Northern Peru is set to commence following successful mobilisation of the drill rig. Exploraciones Aguila Dorada S.A.C. (EAD) in September 2013 received ministerial approval for initiation...