Oil and Gas

Oil giant announces results BP today announced its financial results for the fourth quarter and full year of 2013. Underlying replacement cost profit 1 for the fourth quarter was $2.8 billion, compared with $3.9 billion for the fourth quarter of 2012. Full-year underlying replacement cost profit was $13.4 billion for 2013, compared with $17.1 billion […]

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has received notification pursuant to the Financial Conduct Authority’s Disclosure and Transparency Rules that, following the completion of the Open Offer and the resultant increase in the Company’s total […]

Gulf Keystone stock (LSE:GKP) has been going south, though it is not likely that it would go below the support zone at 150.00, which is a target for the bears.   There has been a ‘Death Cross’ in the chart as the price crossed the EMA 200 to the downside. The EMA 10 has also […]

New World Oil and Gas Plc, an oil and gas operating company focused on Denmark and Belize, has secured a six-month extension in work programme commitment deadlines for Licences 1/09 and 2/09 at its Danica Jutland Project in Western Denmark. This extension was reportedly discussed with Danica Jutland ApS and the Danish North Sea Fund, […]

On 16 December 2013, the Board of Europa Oil & Gas (Holdings) plc announced details of a Placing to raise up to £2.86 million through the issue of 47,694,665 new Ordinary Shares and an Open Offer to raise up to a further £1.16 million through the issue of up to 19,332,855 new Ordinary Shares, all […]

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to announce its participation in four new wells in North Dakota. All four wells are to be drilled on the same spacing unit as the Skunk Creek 14H and Skunk Creek 15H wells that are producing from […]

We haven’t even had time to fully digest the significance of the news of Ben van Beurden assuming the role of CEO at Royal Dutch Shell (LSE:RDSA); (LSE:RDSB) and we are already hearing that RDS intends to divest $15 billion in assets, beginning immediately and continuing through 2015. Investor response thus far has been restrained, with […]

DEEuropa Oil & Gas (LSE:EOG), an AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce it has received notification from the Department of Energy and Climate Change that phase 1 of the PEDL 181 Licence has been extended by one year until 30 June 2015. This will […]

“When historians write this story 10 or 20 years from now, they are going to look at a very different U.S. Everything has changed.” That was the forecast of Philip Verleger, energy sector guru and former director of energy policy at the U.S. Treasury Department, in an article published this week. Energy Investors, Beware! Your […]

Empyrean Energy (AIM:EME), ae US onshore oil, gas and condensate exploration, development and production company, has arranged a US$5 million drawdown under Tranche B of its facility with Macquarie Bank to fund operations during 2014. The work will include the increased pace of drilling expected on the Sugarloaf AMI, an Eagle Ford Shale oil, condensate […]