Oil and Gas

Europa Oil & Gas (Holdings) (LSE:EOG), an AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, have announced that after a successful High Court challenge on 25 July 2013 in relation to the drilling of a temporary exploratory well at the Holmwood prospect (‘Holmwood’) in […]

Empyrean Energy (LSE:EME), an AIM-listed profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, is pleased to announce its participation in two new wells in the Eagle Ford Shale, Texas. This participation is a part of its interest in ‘Sugarloaf Block A’ operated by Burlington Resources […]

The Shah Deniz consortium has announced that 25-year sales agreements have been concluded for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine companies will purchase this gas […]

We’ve been following Gulf Keystone Petroleum (LSE:GKP) on a regular basis for some time now, believing that its potential reward for long-term investors could be substantial.  Oil and gas sector stocks are not for the faint of heart, for sure, but we believe that it’s not the risk that is the important factor, it’s the […]

BP (LSE: BP) and its partners have awarded over £1bn in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated by BP on behalf of its partners, involves two main […]

The share price of Morrison (WM) Supermarkets (LSE:MRW) led the FTSE this morning, rising from 294.oo at yesterday’s close to to 312.00 minutes after 9:00 am.  The MRW share price remains up 3.06% at 13:20 today, an increase of 9.10 pence to 306.30. The investor response followed the release of Morrison’s first half results and […]

Gulf Keystone (LSE:GKP) have issued a statement to investors following the completion of a litigation case brought by Excalibur Ventures. Commenting after a British judge found in GKP’s favour the company’s CEO, Tood Kozel, said that they had “achieved the best possible outcome from the point of view of the Company and our shareholders” and […]

Gazprom has announced unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the first quarter of 2013. Sales (net of VAT, excise tax and customs duties) increased by RUB 236,163 million, or 19%, to RUB 1,461,441 million in the three months ended March 31, […]

Judge rules in favour of GKP (LSE:GKP). More to follow. We have though been sent the following by up and coming poet Alfred, Lord Tennyson: There drew forth the company Excalibur, And o’er them, the judge did rule against, Brightening the GKP shareholders who, ran forth And sparkled keen with fattened portfolios: For all the […]

Centrica Energy has today announced that it will extend its contract for the Hummingbird Spirit North Sea rig until March 2016. The cylindrical FPSO, owned by Teekay, has been operating on Centrica Energy’s (LSE:CNA) Chestnut field in the Central North Sea since 2008 and has already produced over 13 million barrels of oil. The Chestnut […]