Oil and Gas

Victoria Oil and Gas shares (LSE:VOG) have begun going upwards in what can be called the end of the year rally. The recent bias was bearish and price dived further downwards this month before further bearish movement was rejected. Since then, the price has moved upwards seriously, with an up-gap that pushed the price higher. […]

Just minutes after the New York Stock Exchange opened this morning (Tuesday, 23 December), Santa delivered an early Christmas present. The Dow Jones Industrial Average (DJIA) went flying past the 18,000 mark for the first time ever. Only a decade ago, and certainly following the 2008-2009 financial crisis, no one would have believed that 18,000 […]

To explore Shallow Water Absheron Peninsula BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is […]

On first Rumaila visit, oil minister Adel Abdul-Mehdi’s charts progress and hears plans South Oil Company, BP, PetroChina and SOMO, which together form Rumaila Operating Organization (ROO), today pledged to ensure Rumaila continues to expand its contribution to Iraq over the next 20 years. Iraq’s new oil minister Adel Abdul Mehdi today attended an event […]

Mexico Update Northcote (AIM:NCT), an onshore US oil and gas exploration and production company, has responded to the announcement by MX Oil (AIM:MXO) with whom it has entered into an Agreement conferring Northcote the right to participate, at a level of up to 20%, in potential business activities, alongside MX Oil, in the upstream oil […]

This past week the FTSE 100 aggregate companies regained £62 billion of the £112 billion in valuation that they lost during the prior week. The index finished the week at 6,545.27, a gain of 3.9% on the week. Oops! Pardon me. That introduction kind of took the polish off the headline, didn’t it? Oh well, I might […]

Update on Mexican Joint Venture Company activities in Mexico MX Oil plc, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has updated the market on its Mexican Joint venture company with its partner Geo Estratos. Significant work has been undertaken by the JV on a number of target […]

Update on Operated Leases in Oklahoma Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has provided fresh details concerning its operated leases in Oklahoma including a more than doubling of production at its 100% owned Roger Swartz #1 well following the successful completion of low cost stimulation […]

The share price of Gulf Keystone Petroleum (LSE:GKP) is up 4.10% today, continuing its rise that began early Monday morning. GKP’s shares are currently selling at 65.58 on the London Exchange. Last Friday, 12 December, those shares closed at 51.00, opening Monday at the same price, meaning that GKP has increased by 28.6% over the […]

I had come to have a modicum of admiration (that’s about as much as I can muster for a politician or a banker) over the past few years. But today, either someone slipped him a stupid pill or he is doing his imitation of Barack Obama (moving his lips and expecting people to believe the […]