Oil and Gas

Shares of BP (LSE:BP.) closed UP 1.38% today to 392.65 on the day it reported the largest quarterly loss in the history of the company. The $6.3 BILLION loss, however, comes along with a sigh of relief that should end five years of holding its corporate breath in hopes that it might suffer minimally from […]

Drilling of Aje 5 Development Well Commences Offshore Nigeria and Exercise of Warrants MX Oil plc, the AIM quoted oil and gas investment company, has announced that drilling has commenced of the Aje 5 production well located in the proven Aje Field on the OML 113 licence offshore Nigeria. Once Aje 5 has been drilled […]

Result of Open Offer Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, announced on 6 July 2015 that it had raised £1.4 million by the issue of 20,000,000 New Ordinary Shares pursuant to a Firm Placing and 2,630,000 New Ordinary […]

Halliburton’s share price (NYSE:HAL) is up more than 2.5% today, despite second quarter results that paled by comparison to both the previous quarter and year-on-year. The key factor was that HAL beat analysts’s expectations of 29 cents per share by 51%. Halliburton generated 44 cents. Company Chairman and CEO, Dave Lesar, pointed out that “Our […]

Its been some time Since Chris Oil wrote my last ADVFN article due to my business dealings around the globe. However its time to highlight (LSE:NEW) New World Oil & Gas that stands out at present, now that i am allowed to write once again on the company. New World Oil & Gas is clearly […]

Some observers have already over-reported that the Iran “deal” will be driving the price of oil down as the first apparent reaction of oil prices was a 2% decline in brent crude to $56.67 per barrel this morning. As I have said repeatedly in this column, cause and effect are not necessarily closely related in […]

Faroe Petroleum (LSE:FPM) offers short term upside in the form of an exciting mix of exploration and appraisal wells offshore Norway and in the Barents Sea. The Boomerang well is currently being drilled, after which attention will move onto the Shell (LSE:RDSB) operated Portrush prospect and then back to another Pil discovery well called Blink. […]

Northcote stock (LSE:NCT) is virtually worthless as it continues to lose value, going towards zero. Although some bulls see this stock as a wonderful opportunity to go long at very cheap prices, the bears would continue to fight for supremacy, and this may cause a considerable amount of volatility. Speed + magnitude = volatility. Markets […]

There is a high possibility that massive sell-offs soon may begin on San Leon Energy shares (LSE:SLE), as indicated by the price action in the chart below. Chris Tate says there is a time to be in the market and there is time not to be in the market. Definitely for the bulls, this is […]

Preparing to Spud Shimanek #2 well and Q2 2015 Operations Update Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced that drilling operations at the Magnolia operated and 94% owned Shimanek #2 vertical well in Oklahoma are expected to commence by the end of July 2015. Additionally, […]