Oil and Gas

Fortune Oil plc (LSE:FTO) might just have its best deal ever. In a statement today, the London-listed oil and gas supplier in China agreed to sell its natural gas business in a deal which values the business at US$400 million. Fortune Oil’s natural gas business is controlled through an 85% interest in the Fortune Gas […]

What do the following companies have in common: Pursuit Dynamics (LSE:PDX), Vialogy (LSE:VIY), Proteus International and Firecrest? Two of the four have sent me lawyers letters about articles I have written. Those two companies no longer exist. I am still writing. So that is not it. In fact all four have two things in common. […]

Ofgem, the energy regulator will permit firms running the UK’s electricity and gas grids to add an average £12 to annual energy bills up until 2020, to pay for upgrades and maintenance. The proposals are part of plans to radically overhaul Britain’s ageing energy infrastructure over the next eight years, as set out in its […]

Shares of FTSE 250 firm, Centamin plc (LSE:CEY), have climbed back again today after the company announced its gold export has resumed after being halted last week by customs authorities, loosely linked to a fuel dispute with Egypt’s state-owned oil firm Egyptian General Petroleum Corporation (EGCP). Centamin shares reached a four-year low last week, 13th […]

At last the DOGGR website from the State of California has published the official October output numbers from AIM listed penny dreadful oil producer Sefton Resources (LSE:SER). And guess what? The number is lower that the company itself was saying in an RNS issued 12 days ago. Hey ho. Happy Christmas chairman JimBob Ellerton when […]

Range Resources (LSE:RRL) was forced to issue a statement on 14th December saying that it noted unusual share trading activity and knew of no reason for this but that it plans operational updates within the next few days. Though I continue to believe that the shares are materially overvalued at 3.95p (my target price is 1.5p) I […]

Hydraulic fracturing or fracking for shale gas can now again be implemented in the United Kingdom as Britain’s Department of Energy and Climate Change (DECC) has lifted suspension of the said process over a year after the same was believed to be the cause of seismic tremors in the northwest region of England. In a […]

The UK government has given the go-ahead for Cuadrilla to resume it’s controversial technique known as fracking to exploit gas in Lancashire. Cuadrilla, a UK firm specialising in shale gas, was stopped from fracking after two small earthquakes occurred during it’s previous drilling programme in Blackpool. Fracking involves drilling down and creating tiny explosions to […]

Anglo-Australian commodities producer, BHP Billiton plc (LSE:BLT), is letting go of a minority stake in a natural gas project offshore of Australia as the company continues to reshape its portfolio to meet the changing landscape of resource markets. The world’s largest mining group signed a definitive agreement, selling its interests in the Browse Joint Venture […]

Yesterday Tullow (LSE:TLW) announced that it had let its interests in Guyana drop.  The press office at Northern Petroleum (LSE:NOP) has fielded a number of calls about how Northern was going to proceed with its drilling campaign in the area. Is this an indictment of how badly history is taught in schools or how badly […]