Oil and Gas

At 16 minutes past 9:00 am GMT yesterday, 24 July 2014, Carillon (LSE:CLLN) announced that it had won a contract with the Ministry of Defense worth £2.8 billion. Carillon’s share price barely budged, despite analysts describing the deal as a game changer for the company. The contract for maintaining and upgrading military facilities was won as […]

Commencement of Drilling at Wressle Prospect, onshore UK and operations update Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has announce that it has been notified by Egdon Resources, the operator of Licence PEDL 180 in Lincolnshire, […]

Additional £0.6m Well Order Signed With Centrica Plc 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 announce that it has received an additional purchase order from Centrica Energy Exploration and Production to supply surface wellhead and mudline equipment services […]

Conditionally Raises £7.0 million Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, has announced that it has conditionally raised approximately £7.0 million (approximately US$12.0 million) before expenses by way of the issue of 77,800,000 new ordinary shares in the company at a price of 9.0 pence per Share. Use […]

Oilex shares (LSE:OEX) go further upwards, moving above the 4 EMAs that are used in this analysis. This is a bull market and the market has resumed its upwards journey, as it should. In the chart, the 4 EMAs used are EMAs 10, 20, 50 and 200. The color that stands for each EMA is […]

Quarterly operations update for the period ended 30 June 2014 Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime […]

Quadrise stock (LSE:QFI) has started a new northward outlook, as it rises. The northward outlook could last for several months. The recent bias was bearish and the price has been extremely volatile – making wide stops sensible in this market. In the chart, the price broke above the EMA 21, gapped upwards and closed above […]

BREAKING NEWS ShawCor Ltd. (TSX:SCL) has announced that it has completed the acquisition of all of the outstanding shares of Desert NDT LLC, first announced on May 8, 2014, for a total consideration of approximately US$260 million, subject to adjustment for changes in working capital. Desert is a Houston-based provider of non-destructive testing services for […]

DekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, have provided an update regarding its producing palm oil operation. Production is derived from the Company’s 60 t/hr Crude Palm Oil extraction Mill, one of West Africa’s largest. Highlights: · Production for the first full quarter of […]

At this point in time it is no surprise to anyone that the crisis in Iraq is capable of spilling over into other regions. The situation is complex, to say the least, and it has economic implications far beyond the massive loss of lives. For each death, the fortunes of families, regardless of how meager […]