Oil and Gas

BP (LSE:BP.) have announced it has added two drilling rigs to the deepwater Gulf of Mexico, bringing its fleet to a company record nine rigs as it continues to develop its strong portfolio of assets in the key U.S. offshore basin. One of the rigs is a new ultra-deepwater drillship known as the West Auriga […]

The share price of FTSE 250 member Telecom Plus (LSE:TEP) took off this morning like a rocket and has continued to climb at mid-day to 1747.0.  That is nearly a 16% increase on the yesterday’s close of 1507.0.  The intraday increase was powered by the TEP’s acquisition of Electricity Plus Supply Ltd and Gas Plus […]

Plexus Holdings (LSE:POS), the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, have confirmed it has extended a contract with Centrica North Sea Gas Ltd (‘Centrica’) for the supply and sale of an additional POS-GRIP wellhead system (5,000 psi) and services for the GROVE […]

Sitting at my desk on the left side of the Atlantic, my work day begins about mid-day London time.  Often, but not always, that means that some of my colleagues, like Tom Frew, have already churned out most of the leading stories of the day.  Let’s just say that his writing has been prolific over […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has announced the successful fracture stimulation of the West Little Drum Well on its 51% owned Horizon Project, which has resulted in a significant increase in production compared to pre-frac levels. Highlights: – West Little Drum oil production increase of over 600% from […]

North American Petroleum (LSE:NAP) a company focused on developing its interests in proven US onshore oil and gas formations,has announced it has acquired a 24.2% interest in the producing Little Drum oil and gas project focused on the Mississippi Lime formation, in Osage County, Oklahoma. The acquisition increases the value of NAP’s proven reserves by […]

Cluff Natural Resources (LSE:CLNR), a company founded by natural resources entrepreneur Algy Cluff, is pleased to announce that it proposes to raise £2.0 million by way of a placing and subscription of 66,666,667 new ordinary shares of 0.5 pence each in the capital of the company at a price of 3.0 pence per Placing Share […]

North American Petroleum (LSE:NAPP), a company focussed on developing interests in proven US onshore oil and gas formations, has announced its participation in an additional well targeting the proven Mississippi Lime formation, Oklahoma. This new well is NAP’s eighteenth and is in line with the company’s strategy to build net production and reserves by acquiring […]

Mytrah Energy (LSE:MYT) have informed investors that on 14 November 2013, R&H Trust Co (Jersey) Limited as trustee of The Raksha Trust (the “Trust”), a Jersey based discretionary trust settled by Ravi Kailas, the Chairman and CEO of Mytrah Energy Limited, of which he and some of his family members and also a philanthropic trust […]

There is a Bullish Confirmation Pattern on Tower Resources (LSE:TRP), though the current southward correction could make some think that the price would plummet once again (since day trading bears could make quick bucks here). However, as Clem Chamber once said: No one ever criticizes madness when it is working in their favor. Why this […]