Oil and Gas

New USA Non-Exec Director appointment 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, appointed Charles Jones to the Board of Plexus as a Non-Executive Director with immediate effect. Mr Jones’ role will include advising the Board in respect of interacting […]

Q2 2014 Production and Operational Update Empyrean Energy, an US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, released new details regarding production and operations for the three month period to the end of June 2014 updated with current data since the end of the Quarter, where […]

Thalassa Holdings share price sank nearly 24% following publication of its interim results for the first half, as of 30 June, in a vivid display of the anxiety that continues to infect investors. My personal opinion is that the anxiety is not caused so much by any particular company report, but more so by concerns […]

Aminex stock (LSE:AEX) has made sudden and substantial gains, breaking upwards from a long-term base that was building for several months. This is the kind of signal that professional speculators want to trade! The price is now trading far above the EMA 21 as the Williams’ % Range period 20 has already gone into the […]

Land Lease in Northern Kenya to Establish Logistics Hub Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, has said that Ardan Risk & Support Services, the Company’s primary investment, has entered into a 15 year lease over a sizeable land plot in Northern Kenya, which will be used for […]

Will involve 1.2m tonnes of LNG BP and Tokyo Electric Power Company (TEPCO) has signed a sales and purchase agreement for liquefied natural gas (LNG). Under the agreement, TEPCO will purchase from BP up to 1.2 million tonnes of LNG per year (mtpa) for 17 years starting in 2017. BP will supply TEPCO with LNG […]

A$2 million Convertible Loan Agreement Zeta Petroleum plc (ASX-ZTA:AU), the ASX listed oil and gas company with production, appraisal and exploration assets in onshore Romania, has entered into an agreement with its major shareholder, GM Investment & Co Limited whereby GMI will provide a A$2,000,000 convertible loan to the Company. The term of the GMI […]

New US$6 million Credit Facility Secured Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has secured a new US$6 million two year Credit Facility with improved terms. This replaces the Company’s existing US$5 million facility, the details of which were announced on 22 October 2013. Combined with […]

Final Results Empyrean Energy, a US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has announced its final results for the year ended 31 March 2014. Highlights: · Record financial results and production following a significant step-up in production at flagship Marathon Oil operated Sugarloaf AMI project […]

The shaking of BP’s share price (LSE:BP.) was almost seismic as it fell from 486.15 at 3:13 pm to 461.83 just nine minutes later, before closing at 455.00, a decline of 5.94% on the day. You could almost tell how long it took to read the 153-page judgment handed down by U.S. District Court Judge […]