Oil and Gas

The price on Northern Petroleum (LSE:NOP) has recently been in a perpetual downward bias. Things remain pessimistic about the company’s shares, favoring only short-sellers. For the bulls that refuse to smooth their positions, we do not know how many people would be eventually wet by the incessant rain. The stock might pretend to be moving […]

The outlook on Amerisur Resources (LSE:AMER) is no longer bright. This means the prospects are in favor of the bear. This is not the time when the price would go ballistic – not even in the near future. A broken calabash is definitely not fit for drinking pap. Last month, the stock made some northward […]

Southern North Sea oil stake bought from BP SSE  has completed the acquisition from BP of a 50% working interest in the Sean gas field in the Southern North Sea. SSE has paid a total cash consideration of £117.4 million, which reflects the value of the asset based on an effective economic date of 1 […]

Energy giant furthers African operations Exxon Mobil Corporation has announced today that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80 percent interest in Liberia Block 13 (LB-13), comprising more than 625,000 acres (2,500 square kilometers) offshore Liberia in water depths ranging from 250 to 10,000 feet (75 to 3,000 meters). […]

Mediterranean Oil & Gas (LSE:MOG) and Noble Energy (NYSE:NE) have been making waves waves in the Mediterranean lately.  It appears that the front-end investment period in some of their Mediterranean projects is over and the fun part is about to begin. MOG is probably the smaller of the two stories.  Nonetheless, it is poised to […]

As a general rule of thumb, it’s good to remember that cause and effect are not necessarily closely related in time and space.  Today, however, the response to the news of Petrovac’s (LSE:PFC) latest contract award was immediate and pronounced. Petrovac released the news of being awarded a new $3.7 billion contract at 10:32 this […]

Tanzania is fundamentally rural and not connected to the grid, so it’s no surprise that 90% of its primary energy needs come from Biomass – leading to rapid deforestation – with Petroleum making up 7.8%, natural gas 2.4% and hydropower 1.2%. Less than 10% of Tanzania’s 40m plus population have access to electricity. In 2009 […]

Since the turn of the millennium, Companies have been gradually placing their bets along East Africa, in the rift margins and coastal areas – and so far it has turned out to be a high payout roulette wheel. The Chinese started to dominate Kenyan exploration after Kibaki’s turn to the East in 2004, but their […]

LNG is liquefied natural where it is reduced by cooling at -162C to 1/600th of its normal volume. CNG, compressed natural gas, and LNG, are both methods for transporting gas to where it is needed. The problem that is both need heavy investment in infrastructure to allow the stranded gas to be monetised where the […]

Sefton Resources (LSE:SER), the tin pot oil company that its suing me for libel because I pointed out how on a serial basis it has misled investors ( down 99.9% since IPO) over the years admitted after hours (5.44 PM) yesterday that it misled investors 24 hours ahead of a placing last month – as […]