Oil and Gas

Empyrean Energy (LSE:EME), a US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has provided a production and operations update on its flagship Sugarloaf AMI in the prolific Eagle Ford Shale, Texas. Empyrean has a 3% working interest in the Project which is operated by US major […]

Nordic Energy (ISDX:NORP), an oil and gas E&P company focussed on Denmark, Norway, and the North Sea sectors of the Netherlands and the UK (the Nordic Area), has announced details of its final results for the period ended 31 May 2013. Chief Executive Officer’s Statement (in full): Nordic Energy PLC has now completed its first […]

BP (LSE:BP) have released financial results for the third quarter of 2013. Underlying replacement cost profit1 for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operating cash flow in the quarter was $6.3 billion. Consistent with its commitment to maintaining a progressive and sustainable dividend policy, BP also announced that […]

New World Oil and Gas (LSE:NEW), an oil and gas exploration and development company focused on Belize and Denmark, has announced that the Government of Belize has approved the application of the third and final renewal period of the Blue Creek Production Sharing Agreement (‘PSA’) in relation to its Blue Creek Project in the Petén […]

Gulf Keystone stock (LSE:GKP), which was recently trending downwards, is now consolidating. This is a pause in the midst of an extant momentum prior to the next move – either in favor of buyers or sellers. What is now the next direction in the month of November? On the chart, the price is currently between […]

BP (LSE:BP) (NYSE:BP) has opened a new facility in Houston to house the world’s largest supercomputer for commercial research. The Center for High-Performance Computing, located at BP’s US headquarters in Houston, will serve as a worldwide hub for processing and managing huge amounts of geophysical data from across BP’s portfolio and be a key tool […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has reported the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (‘FELs’) 2/13 and 3/13 in the South Porcupine Basin, offshore Ireland. Kosmos Energy […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, had released preliminary results for the year ending 30 June 2013. Results: · Record revenue, EBITDA, profit before tax and profit after tax · 29.7% increase in revenue to £25.57m (2012: £19.71m) · […]

Magnolia Petroleum (LSE:MAGP),an AIM quoted US onshore focused oil and gas exploration and production company, has announced it has secured a US$5 million three year Credit Facility). Combined with the Company’s fast growing revenues from production, which as at 1 August 2013 stood at 214 boepd, the Credit Facility will provide funding for future drilling […]

Will this stock make you a Mill-ionaire? DekelOil Public Limited (LSE:DKL) , operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has strated the construction of its 60 t/hr Crude Palm Oil (‘CPO’) extraction mill by Modipalm Engineering SDN BHD (‘Modipalm’), the leading Malaysian engineering company is progressing well. […]