Oil and Gas

Market message boards are lit up over the continued state of Gulf Keystone Petroleum’s (LSE:GKP) share price which is currently at 94.88 after having closed on Friday at 96.00. It appears poised to close at its lowest since 30 April and some investors are getting a bit restless. It’s just a wild guess, but I […]

Binding Framework Agreement signed for oil production in Kuwait and update on Subscription to raise US$25 million Further to the approval of Shareholders at the Annual General Meeting on 12 September 2013, New World has continued to work with the Subscriber, Niel Petroleum SA, to complete the subscription on the agreed terms. In line with […]

The British House of Lords has declared today that it is time to stop talking and to start fracking. The Economic Affairs committee said today that unless Britain gets cracking it is going to miss opportunities for lower energy bills and a massive opportunity for as many as 250,000 jobs, not to mention a secure […]

The recent strong bullish engulfing candle in Xcite Energy market (LSE:XEL) is a classic example of a false breakout which traps buyers as it appears the price is going towards the sky. The price may later retrace downwards. One strong bullish candle does not make a bullish trend, but having a series of candles with […]

Magnolia Petroleum Plc, the AIM quoted onshore US focused oil and gas exploration and production Company, reports an update on its reserves and production. Overview – Assessment of net attributable proved and developed producing reserves (‘PDP’) estimated at 167 Mbbl of oil and condensate and 450 MMcf gas with an NPV10 of US$8.416 million – […]

The share price of Xcite Energy (LSE:XEL) jumped 28.6% on the day, following the announcement that “its 100% owned subsidiary, Xcite Energy Resources Ltd (“XER”), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. (“Statoil”) and Shell U.K. Ltd. (“Shell”), which allows all the Parties to make available and share field-specific...

A year after Glencore and Xstrata merged into one of the world’s largest commodity trading and mining company, the Anglo-Swiss London-listed firm reported today its first full year production. Saved for zinc, production of every other natural resource that the FTSE 100 company mines was up. “Marketing performance during the quarter, across all business segments, […]

Gulf Keystone stock (LSE:GKP) is bearish in the medium-term and bullish in the long-term. The bearish bias is strong enough to make the bear profitable and to make the bull anxious. When the recent bearish bias began, it was thought that things would change as the price tested one support level after the other. However, […]

Profits of BP (LSE:BP.) for the first quarter of the year fell almost a fourth compared to the same period in 2013 but the oil giant announced it will issue quarterly dividend higher than a year ago, the London-listed firm said early Tuesday. In a statement, BP posted US$ 3.2 billion for the January – […]

North American Petroleum Plc, 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 two wells on the Project in which NAP has a 30% working […]