Oil and Gas

Operations Update and Share Option Conversion DekelOil Public Limited, the West African focused palm oil producer, has provided an update on operations at its 51% owned vertically integrated palm oil project in Ayanouan, Côte d’Ivoire, which includes a recently commissioned 60t/hr Crude Palm Oil extraction mill, one of West Africa’s largest. · During the low […]

Plans to expand in Scandinavia Air BP today announced its agreement to purchase the aviation fuel business, Statoil Fuel & Retail Aviation AS (SFR Aviation), from Canadian company Alimentation Couche-Tard Inc. The deal will add around 73 new airports in the Nordic countries and Northern Europe to Air BP’s 600-strong global fuels network. The deal, […]

Also announce well updates Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is has announced that it has received a US$1,002,000 payment for consulting services provided to an international company acquiring an oil and gas project in Oklahoma. In addition, the Company has been notified by the […]

Preliminary Results of the Wressle-1 Well, onshore UK Europa Oil & Gas plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has announced preliminary results of the Wressle-1 conventional exploration well (`Wressle well’) in Lincolnshire which was drilled to a total depth of […]

A 37.5% working interest Northcote (LSE:NCT) has agreed to acquire a 37.5% working interest in the Alta Loma Field from Springer Oil & Gas LLC . The Alta Loma Field is a 444 gross acre (net 167 acres) property located in Galveston county, Texas and is operated by Frankfurt Stock Exchange listed Activa Resources AG […]

BG International Becomes Sixth Oil and Gas Major to Join POS-GRIP ‘HGSS’ New Subsea Wellhead Design Development Joint Industry Project Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, announces that BG International Ltd, a subsidiary of BG Group, has signed up […]

Sale of Non-Core Assets in Alabama, Texas and Florida Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has announced the sale of 24 smaller interests in non-core wells for a total consideration of US$240,750, a 190% increase on the US$83,000 value assigned to the combined proved and […]

PL601 and PL602 located in the Norwegian Sea Atlantic Petroleum (NASDAQ:ATLA) is pleased to announce that Atlantic Petroleum Norge has acquired Ithaca Petroleum Norge’s 10% interest in production licences PL601 and PL602 in the Norwegian Sea. The agreements are subject to government approval. The transaction is a result of Atlantic’s strategic focus in this area. […]

GULF KEYSTONE SHARES RALLY The shares (LSE:GKP) were trending downwards till the early part of August 2014. That was when the price hit a rock bottom around the demand level at 60.00. After this, the price begins to rally – something that is still valid up till now. In the chart, the price broke above […]

Trade like an Egyptian BP Egypt today announced first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day (mmscf/d). The DEKA project is centred on the Denise and Karawan gas fields in Temsah Concession in the […]