Oil and Gas

Oil giant BP plc (LSE:BP.) will report less oil production by the end of 2013 compared to that in 2012 as the company continues to reshape its portfolio in line with its ten-point strategic plan to become a “safer, stronger company”, the London-listed firm said Tuesday. The statement came along with the company’s 2012 full […]

Empyrean shares (LSE:EME) are not really empyrean right now. They are bound to go southward – something that the misguided bull does not want to hear. It is not an insult to say: “I know how my acquaintance behaves.” I once said the shares should be dumped! But I think it could be shorted for […]

As I write, the self styled top chartist in the UK,  Zak Mir is seeking assistance from his five year old to spell the long words correctly as he puts the finishing touches to a new report: “The Ten cheapest oil and mining stocks on AIM to buy Today.” God knows, there are enough of […]

FTSE 250 constituent firm, Salamander Energy plc (LSE:SMDR), opened on a high in early morning trading after the South East Asia-focussed oil and gas exploration and production company said it has discovered both oil and gas in one of its acreages in Indonesia. In a statement, Salamander said its South Kecapi well located in East […]

Petrol giant narrowly misses all-time profit high ExxonMobil, the world’s largest independent petroleum refiner, has announced a 6% increase in net-profits during the final three months of 2012. Reporting the $9.95bn profit increase ExxonMobil, for a total of $44.88bn during 2012, the company feel $340m short of its all-time high of £45.22bn recorded in 2008. […]

AIM-listed oil and gas exploration firm, New World Oil and Gas plc (LSE:NEW), saw its market value cut into half earlier today after the company said there was not enough oil to merit commercial production from its sidetrack well in its flagship project in Belize, Central America. Shares plunged over 50% to 3.852 pence minutes […]

A US court has accepted the guilty plea of oil giant BP plc over the Deepwater Horizon catastrophe in 2010 that claimed the lives of 11 workers and injured many others and resulted in the largest oil spill in the country’s history. The plea, a part of the deal made by BP with the US […]

I flag this with no idea what is behind this but David Lenigas runs Leni Gas & Oil (LSE:LGO) which like Range Resources (LSE:RRL) has extensive interests in Trinidad. Both were mant to present at some shindig but Mr Lenigas tweeted a few hours ago: David Lenigas ‏@DavidLenigas Range Resources has pulled out of presenting […]

Brazilian Research   I get sent all kinds of research and documents from all over Brazil.  I recently received this which was produced by BTG Pactual which you might find interesting: Stick with the quality names, even if they aren’t a bargain. Switch to cheap/out-of-favor plays or stick with good/expensive ones? The dilemma most investors […]

The price on the Xcite Energy (LSE:XEL) is ready to go upwards this year. The price has survived some turbulence and would eventually shake off the effects. The hawk is ready to go on a journey, and a strong wind blows in its direction. The hawk says: “Time to go!” The EMA 21 and the […]