Oil and Gas

Ophir Energy (LSE:OPHR) said Wednesday it has made a new gas discovery in Tanzania. In a statement, the FTSE 250 oil and gas explorer said the Taachui well encoutered 155 metres of net gas pay equivalent to an estimate of about 1 trillion cubic feet (tcf) of gas. “The size of the gas column is […]

Third Off-take Agreement to Supply Crude Palm Oil from 60 t/hr extraction Mill in Côte d’Ivoire DekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has signed an off-take agreement with Sania Cie, a local refining company in the Côte d’Ivoire, to supply Crude Palm Oil […]

Gulf Keystone (LSE:GKP) is in a long-term bearish trend, though the trend last year was bullish. This reveals that it is only a matter of time before gains are given up – whether it takes months of years. These shares are a good instance of choppy instrument. This is a kind of price action that […]

Signed with Mexican oil and gas operator Astar Minerals plc has announced that it has signed a joint venture agreement with Nogal Holdings LLC, an experienced operator of oil and gas properties in the US and Mexico, to jointly evaluate, acquire and develop oil and gas concessions in Mexico. This agreement is in line with […]

For the development of Domanik Formations Rosneft and BP Exploration Operating Company Limited signed a Heads of Agreement on Domanik formations. The document was signed today within the framework of the St. Petersburg International Economic Forum by Rosneft President and Chairman of the Management Board Igor Sechin and BP Russia President David Campbell. The signature […]

Rockhopper Exploration (LSE:RKP) is to purchase Mediterranean Oil & Gas (LSE:MOG) for GBP 29.3 million in cash and shares, the oil and gas firm said on Friday. In a statement, Rockhopper Exploration said its board and Mediterranean Oil & Gas’ board agreed on the deal to acquire the latter at a price 6.50 pence a […]

In partnership with Northcote Energy North American Petroleum, a company focussed on developing its interests in proven US onshore oil and gas formations, notes that Northcote Energy Ltd (AIM:NCT) , its partner and operator of the 1,520 gross acre Zink Ranch Project in Oklahoma, has today announced that gas production from four wells recently recompleted […]

Second Off-take Agreement to Supply Crude Palm Oil from 60 t/hr extraction Mill in Côte d’Ivoire DekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has announced the commencement of sales of Crude Palm Oil produced from its 60 t/hr extraction Mill to Adam-Afrique, a local […]

Tower Resources shares (LSE:TRP) are a very weak market – a bad market for the bulls. Nevertheless, it is a good market for the bears, who are currently smiling to their banks. It would be a bad decision to go long on this kind of market. Some people know the decisions they want to make […]

Bowleven stock (LSE:BLVN) has been in a long-term downtrend, with the inability to move significantly upwards. Someone who went short last year would have made some easy money. Even novice traders make money when there is a sustained bias that holds out very long. In the chart, 4 EMAs are used. They are EMAs 10, […]