Oil and Gas

Rame Energy plc, the international energy consultant, engineer and power generator, has announced that it has executed binding terms leading to a power purchase agreement for its Punta Chome wind project in Chile. Empresa Electrica ERNC-1 SpA, a Chilean energy fund which purchases variable renewable power output and sells firm power to industrial customers, has […]

Tullow Oil (LSE:TLW) has decided to plug and abandon its second exploration well offshore of Mauritania after tit failed to show hydrocarbon, the independent oil and gas explorer said Friday. In a statement, the FTSE 100 oil producer said the Tapendar-1 well, which was drilled to test two targets, encountered water-bearing sands in one and […]

Is Tedd Kozel practicing for the next Olympic bobsled competition? Because it’s hard to find anything else sliding downhill at the same speed, unless it is Gulf Keystone’s (LSE:GKP) share price! No one else seems to know why, so my guess is as good as anyone else’s. The GKPshare price dropped 6.27% to 86.00 during […]

Planning to focus on giant Prudhoe Bay oilfield and progressing Alaska LNG opportunity BP has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty […]

Plexus stock (LSE:POS) is a difficult and choppy market as shown in the chart. The price is jumpy with no protracted directional move. However, what would be the next directional move when momentum returns to the market? The ADX period 14 shows that the market is in an equilibrium mode; but the fact that the […]

Iofina shares (LSE:IOF) are expected to dip further. The overall bias is bearish – established bias – and the possibility that the price may dip further is very high. The price is below the EMA 21. The Williams’ % Range period 20 recently sloped upwards in the context of a downtrend. This is a kind […]

$14 billion and 70-million man-hours expended, 778 miles cleaned milestone marks major step toward honoring BP’s commitment to the Gulf The U.S. Coast Guard has ended patrols and operations on the final three shoreline miles in Louisiana, bringing to a close the extensive four-year active cleanup of the Gulf Coast following the Deepwater Horizon accident. […]

(AIM:DKL) DekelOil Public Limited, operator and 51% owner of an established, vertically integrated palm oil project in Côte d’Ivoire, has provided an update on its operations at its recently commissioned 60 t/hr Crude Palm Oil extraction Mill, one of West Africa’s largest. Overview · The Mill became fully operational in March with the following key […]

Royal Dutch Shell (LSE:RDSA) (LSE:RDSB) successfully drilled a new gas discovery off the coast of Malaysia, the petroleum giant announced today. In a statement, Shell reported it encountered 450 metres of gas column after drilling Rosmari-1 to a depth of 2,123 metres, 135 kilometres off the coast of Sarawak state, in the island of Borneo. […]

San Leon shares (LSE:SLE) are very weak; so they would continue going downwards until they reach an accumulation territory that is strong enough to challenge the downtrend. The price has been dropping since early February 2014. It consolidated this month, but later broke out below the lower Trendline. The RSI period 14 is likewise below […]