Oil and Gas

We’ve been following Gulf Keystone Petroleum (LSE:GKP) on a regular basis for some time now, believing that its potential reward for long-term investors could be substantial.  Oil and gas sector stocks are not for the faint of heart, for sure, but we believe that it’s not the risk that is the important factor, it’s the […]

BP (LSE: BP) and its partners have awarded over £1bn in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated by BP on behalf of its partners, involves two main […]

The share price of Morrison (WM) Supermarkets (LSE:MRW) led the FTSE this morning, rising from 294.oo at yesterday’s close to to 312.00 minutes after 9:00 am.  The MRW share price remains up 3.06% at 13:20 today, an increase of 9.10 pence to 306.30. The investor response followed the release of Morrison’s first half results and […]

Gulf Keystone (LSE:GKP) have issued a statement to investors following the completion of a litigation case brought by Excalibur Ventures. Commenting after a British judge found in GKP’s favour the company’s CEO, Tood Kozel, said that they had “achieved the best possible outcome from the point of view of the Company and our shareholders” and […]

Gazprom has announced unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the first quarter of 2013. Sales (net of VAT, excise tax and customs duties) increased by RUB 236,163 million, or 19%, to RUB 1,461,441 million in the three months ended March 31, […]

Judge rules in favour of GKP (LSE:GKP). More to follow. We have though been sent the following by up and coming poet Alfred, Lord Tennyson: There drew forth the company Excalibur, And o’er them, the judge did rule against, Brightening the GKP shareholders who, ran forth And sparkled keen with fattened portfolios: For all the […]

Centrica Energy has today announced that it will extend its contract for the Hummingbird Spirit North Sea rig until March 2016. The cylindrical FPSO, owned by Teekay, has been operating on Centrica Energy’s (LSE:CNA) Chestnut field in the Central North Sea since 2008 and has already produced over 13 million barrels of oil. The Chestnut […]

BP Egypt has announced a significant gas discovery in the East Nile Delta. The deepwater exploration well, named Salamat, is the deepest well ever drilled in the Nile Delta. It is the first well in the North Damietta Offshore concession granted in February 2010 and operated by BP The well was drilled using the sixth […]

Quadrise Fuels stock (LSE:QFI) is a bull market and it can continue to rise as sellers stand in their own way due to overcautiuosness caused by repressed fear. On the chart, the 4 EMAs used are EMA 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left […]

Have got themselves into a sticky situation, but which well oiled operation will come out on top? BP (NYSE:BP) have entered into a war of words with the state of Louisiana and its Republican Governor Bobby Jindal over compensation payments following the Deepwater Horizon disaster in 2012. During a recent meeting of the Restoration Council, […]