Oil and Gas

MX Oil, an AIM quoted oil and gas investing company focused on the re-opening Mexican energy sector, has announced interim results for the six month period ended 30 June 2014. Highlights: · Successfully raised £1.05 million to pursue opportunities in the natural resources sector in line with its investment policy, specifically in the vast Mexican […]

Production Update for Shoats Creek Field, Louisiana North American Petroleum has issued a production update for the recently acquired 1,670 gross acre Shoats Creek Project, in Louisiana. NAP holds a 35%/26.25% working/net revenue interest in Shoats Creek alongside Northcote Energy (35% WI), and Springer Oil & Gas (30% WI). * Excellent initial gross flow rates […]

Deal signed With BG Group 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 received a purchase order from BG Group (UK) to supply surface wellhead and mudline equipment services for an exploration well in the UK Continental Shelf in […]

The Gulf Keystone Petroleum share price (LSE:GKP) rose by 3.2% today to 64.25 following publication of a Production and Sales Update relative to its work in the Shaikan oil field in Kurdistan. Gulf Keystone would not be considered a major oil company by any standard. It employs only about 600 people. It has a current […]

In today’s podcast: – Alan from Traders Own joins me to talk about a stock he tipped a few weeks back that has seen a cracking bit of upside and it isn’t finished yet – that’s Nanoco #nano – We also chat about his purchase of Tesco’s – Plus there’s the micro and macro news […]

Time to look back. The Azerbaijan International Operating Company (AIOC) operated by BP, has celebrated the 20th anniversary of the Azeri-Chirag-Gunashli (ACG) production sharing agreement, signed on 20 September 1994 between Azerbaijan and eleven international companies – but, on reflection, how does it add up? From the start, activity level on ACG has remained high. […]

Interim results for the six months ended 30 June 2014 Financial Highlights for the period include: · Revenue of USD 29.4 million, an increase of 7.4% over the comparative period (1H 2013: USD 27.4 million) · Earnings before interest, taxes, depreciation and amortisation for the period amounted to USD 28.01 million, an increase of 11.6% […]

Incorporation of JV Company and Award of Permit to Participate in Upcoming Mexican Licensing Rounds MX Oil, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has announced the incorporation of its Mexican joint venture company with established local oil services provider, Geo Estratos. This update is in line […]

It has been wisely said that, “Just because you are paranoid, it does not mean that people aren’t out to get you.” BP’s share price (LSE:BP.) (NYSE:BP) is being battered once again by the never-ending repercussions of the Deepwater Horizon tragedy in the Gulf of Mexico. The oil giant is beginning to look like the 97-lb. […]

Update on Strategic Review and FSP alongside Further to the announcement by the Company on 10 July 2014 in connection with a strategic review and the commencement of a formal sale process, Empyrean advises that it has set a closing date for bids of 25 September 2014. As notified previously, the Board reserves the right […]