Oil and Gas

BP (LSE:BP.) has Richard Herbert appointed as its new head of exploration. Mr Herbert will succeed Mike Daly who has chosen to retire from BP at the end of 2013 after a career of 28 years with the company, eight leading BP’s exploration function. Mr Herbert will rejoin BP from Talisman Energy where he has […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has confirmed has been awarded a contract with BG International Egypt, a division of BG Group plc (‘BG Group’), a leading oil and gas operator in the global energy market, for the […]

Mariana Resources (LSE:MARL), an AIM quoted exploration and development company focused in Peru and southern Argentina, has announced the initial drilling program at Condor de Oro gold/copper project in Northern Peru is set to commence following successful mobilisation of the drill rig. Exploraciones Aguila Dorada S.A.C. (EAD) in September 2013 received ministerial approval for initiation...

Zeta Petroleum (ASX:ZTA), an ASX listed Romanian focused oil and gas exploration and production company, has released an update on the Jimbolia-100 well (‘Jimbolia-100’ or ‘the Well’), an appraisal well on the 39% owned Jimbolia oil concession in Romania, which is operated and 100% funded by NIS Petrol SRL (a wholly owned subsidiary of NIS […]

Acquisition of 78% WI in 1,520 net mineral acres in Osage County Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has announced that it has acquired, for a cash consideration of US$1 million (£625,000), an average 78% working interest (‘WI’) and 54% net revenue interest (‘NRI’) in 1,520 mineral acres (‘North […]

Final Results for the year to 31 July 2013 Europa Oil & Gas (LSE:EOG), an AIM listed oil and gas exploration, development and production company focused on Europe, has announced its final results for the 12 month period ended 31 July 2013. Operational highlights: •Farm-in secured with Kosmos Energy Ireland (‘Kosmos’) for two blocks offshore […]

But will the announcement raise your interest levels? Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has raised £1.75 million (before expenses) through a placing arranged by Shore Capital Stockbrokers Limited of 159,090,910 new ordinary shares (‘Ordinary Shares’) of no par value in the capital of the Company (‘the Placing Shares’) […]

It is now suicidal to buy long on Gulf Keystone (LSE:GKP), for the price has been making lower lows and lower highs. It is thus better to trade with the flow of the market instead of trading contrarily to the trend. Speculators are aware of the dangers of mean reversion trading; yet they trade in […]

Plexus Holdings (LSE:POS), a oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced it has been awarded a contract for the supply of surface exploration wellhead equipment services, worth approximately £750,000 from Centrica Energi Norway. Under the terms of the contract, Plexus will supply its […]

Northcote Energy (LSE:NCT), a US oil and gas exploration and production company, is pleased to announce plans to drill its first horizontal well targeting the Mississippi Lime formation on its 100% owned Mathis lease prior to end of December 2013. In addition as part of the well planning process, the first two undeveloped locations on […]