Oil and Gas

BP has been operating in China since the early 1970s. With an accumulated investment of current operations around US$ 4.5 billion by the end of March 2015 BP has marked the official start-up of the Phase 3 PTA plant of Zhuhai Chemical Co., enhancing, the company said, “its position in the purified terephthalic acid (PTA) […]

China Expansion – Collaboration Agreement with China Oilfield Services, Red Sea Technologies and Yantai Jereh Oilfield Services Group for Shallow Water Subsea and Crossover Wellhead Production Systems in China Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced a...

There is nothing that cannot happen in the market in our favor or against us. Atlas Development shares (LSE:ADSS) are weak: they have been caught in a long-term, slow and steady downtrend. The market journeyed south from the beginning of this year, and things became really volatile on the months of March to June, forming […]

Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. BP today announced that its US Upstream subsidiary, BP Exploration and Production Inc (BPXP) has executed the agreements with the US federal government and five Gulf […]

The share price of BP (LSE:BP.) has gained 4.60% today on the heels of the announcement that BP has agreed to an $18.7 billion settlement with the U.S. federal government and the five affected states on the U.S. Gulf Coast (Texas, Louisiana, Mississippi, Alabama and Florida). U.S. Attorney General Loretta Lynch noted that “If approved […]

Gulf Keystone stock (LSE:GKP) has broken out of a long-term base and this could be the beginning of a persistent bullish run. The price trended south in January to March 2015. The gap that occurred in February simply proffered an opportunity to sell short in the context of a downtrend. Since April, the stock has […]

Update on PEDL143 Licence, Holmwood Prospect, Weald Basin, UK Europa Oil & Gas plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, notes today’s announcement from UK Oil & Gas Investments PLC that it has executed a Farm-in agreement with Egdon Resources to acquire a 20% […]

Divestment of Interest in East Blackwell Northcote (AIM:NCT) has, in line with its strategy to dispose of certain non-core assets in its portfolio, it has sold its 100% working interest in the East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for US$75,000 in cash. East Blackwell has historically contributed approximately […]

Along with its co-venturers, BP is in the middle of a five year, £7 billion investment programme in the North Sea, including major projects in the central North Sea and Shetland area. BP and its co-venturers, ConocoPhillips, Chevron and Shell, have confirmed the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) […]

The Supreme Court of the United States makes major headlines only a few times a year, but when it does, it usually makes enough to stir up enough controversy to last well into its next session. In the past week alone the justices, in their infinite wisdom, have ruled against individual states rights with respect […]