Oil and Gas

It was less than a fortnight ago, June 11th to be exact, when Lamprell (LSE:LAM) watched the bottom drop out of his share price as investors showed their displeasure with the company’s remuneration report presented at its AGM. On that day, Lamprell’s share price dropped  22 pence (12.9%) to 149.00 just two days after reaching […]

Deal covers 1.5 million tonnes BP and the China National Offshore Oil Corporation (CNOOC) today announced a heads of agreement for the supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019. The agreement was signed in London by BP Executive Vice President, Dev Sanyal […]

Mosman Oil and Gas (LSE:MSMN) has started a long-term upward journey that has a potential to last for years. Nevertheless, this would not happen without occasional pullbacks that might pan out in the medium-term. The price was in a tight equilibrium phase for some months before it broke upwards, cutting the upper Trendline to the […]

The situation on the Union Jack stock (LSE:UJO) is very interesting; and it offers a unique buying opportunity for the bulls who missed the recent upward surge in the price. In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown […]

Whilst the general populace looks upon the current unrest and atrocities in Iraq, the financial markets are reacting, not with the horror of the general public, but with concern about the potential value of their investments. In no way do I mean to make this sound like the financial world has no heart. I am, […]

The share price of ExxonMobil (NYSE:XOM) hit a 52-week high in early trading this morning at 103.25. It is currently at 102.97 at 11:10 EDT, up 0.30% from Friday’s close. The share price low point for the 12-month period was 84.79, reached in October 2013. ExxonMobil may be a giant among giants, but its sheer […]

Is it possible that what happens within the country of Iraq, a veritable poster child for middle eastern turmoil, could have so great an impact as to cause the fragile economic recovery to collapse? The worry on the street is that the answer is “Yes.” The world is a crazy place to live, but it’s […]

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has held its Annual General Meeting later today. At the meeting, CEO Steven Snead will made the following statement: “Magnolia Petroleum is a high growth company focused on acquiring and developing leases in proven US onshore formations such as the […]

Partial relinquishment of Licence Area New World Oil and Gas Plc, an oil and gas operating company focused on Denmark and Belize, has announced that it has secured an extension in work programme commitment deadlines for Licence 1/08 at its Danica Resources Project in Southern Denmark to 31 January 2015. This extension was discussed with […]

Sometimes I think that if it were not for bad luck, Gulf Keystone Petroleum (LSE:GKP) would have no luck at all. It seems like every time the company catches a break, something goes wrong. The GKP share price was down 0.58% today to 90.47, much closer to the low end of its 52-week range of […]