Oil and Gas

Also expects $1 billion in Group-wide restructuring charges over coming year BP will today present to investors its strategy and plans to the end of the decade and beyond for its Upstream oil and gas business. The day-long presentation, led by BP’s Upstream chief executive Lamar McKay, will provide an in-depth and detailed account of […]

Diversifies Sales through Relationship with SIAT DekelOil Public Limited, operator and 51% owner of an established, vertically integrated palm oil project in Côte d’Ivoire, has announced that it is supplying Société d’Investissement pour l’Agriculture Tropicale, an agro-industrial group of companies, with Crude Palm Oil produced from its 60 t/hr extraction Mill. DekelOil is...

Drilling Rig Fuel Costs Expected to Drop by ~50%; Significant Reduction in CO2, NOx and SOx Emissions Projected Halcón Resources Corporation (NYSE:HK) today announced that it has commissioned its first compressed natural gas facility through its subsidiary, Hawk Clean Fuels. This CNG facility is serving the Company’s operations in its El Halcón area in East […]

++ BREAKING NEWS ++ Geoff Morrell, BP America’s Senior Vice President of U.S. Communications and External Affairs, issued the following statement today in response to the United States Supreme Court’s denial of BP’s request to review the Fifth Circuit decisions relating to the compensation of claims for losses with no apparent connection to the Deepwater […]

++ BREAKING NEWS ++ Midstates Petroleum Company, Inc. (NYSE:MPO)announced today that the buyer in the transaction for the sale of the Company’s DeQuincy area assets in Louisiana has terminated the purchase and sale agreement. The DeQuincy assets continue to produce approximately 1,400 barrels of oil equivalent (70% oil) and generated in excess of $20 million […]

Formally Awarded Five Licences Over Eleven Blocks in the UK’s 28th Offshore Licensing Round Cluff Natural Resources Plc, the AIM quoted natural resources investing company, announces that further to the provisional award of promote licences in the UK’s 28th Offshore Licencing Round on 7 November 2014, it has now been formally awarded the five promote […]

Update on Timing of Wressle-1 Well Testing Europa Oil & Gas, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is pleased to note the announcement of Egdon Resources today regarding the timing of operations to test potential hydrocarbon bearing zones in three separate […]

Update on Expansion Plans in Côte d’Ivoire DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has been notified by its joint venture partner, Biopalm Energy, that it has elected to maintain its 49% interest in Ayenouan. As a result, Biopalm will invest €1.2 million to […]

I really did expect to write about something other than oil today, but you know what they say about the best laid plans of mice and men. The mere mention of ExxonMobil (NYSE:XOM) in my article yesterday led me to think a bit more about the issue, especially as XOM makes for a good example […]

There is a human tendency – we all have it – to forget the bigger picture when a singular matter is making headlines. Whilst I obviously believe the recent news regarding oil production and pricing is BIG (this is my fourth  consecutive  article on the subject), I feel compelled to remind us all that it’s not […]