Oil and Gas

BP Egypt has announced a significant gas discovery in the East Nile Delta. The deepwater exploration well, named Salamat, is the deepest well ever drilled in the Nile Delta. It is the first well in the North Damietta Offshore concession granted in February 2010 and operated by BP The well was drilled using the sixth […]

Quadrise Fuels stock (LSE:QFI) is a bull market and it can continue to rise as sellers stand in their own way due to overcautiuosness caused by repressed fear. On the chart, the 4 EMAs used are EMA 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left […]

Have got themselves into a sticky situation, but which well oiled operation will come out on top? BP (NYSE:BP) have entered into a war of words with the state of Louisiana and its Republican Governor Bobby Jindal over compensation payments following the Deepwater Horizon disaster in 2012. During a recent meeting of the Restoration Council, […]

Pound Sterling The Pound spent most of the week softer against its peers as concerns over possible military action against Syria was the main driving force behind the markets. Tuesday’s session saw the Pound fall against the Euro following the release of positive data out of the Eurozone and as tensions over Syria saw investors […]

Afren, an independent exploration and production company listed on the London Stock Exchange (LSE:AFR), has announced its Half-yearly Results for the six months ended 30 June 2013 and an update on its operations year-to-date 2013. In a stament the company said that the “first half of 2013 has been a period of notable success for […]

Premier Oil (LSE:PMO) has announced a 2013 half-year profit of $214.6m. Equating to a post-tax profit of $161.1m the company faced problems with its Huntington facility during the same period, though it saw positive news in regard to future plans involving the Falklands and six new Norwegian sites. Commenting on the results Premier Oil’s CEO, […]

Urals Energy shares (LSE:UEN) have been making attempts to go skywards, and they could even shoot upward eventually. The market was in a downtrend for the past several months, before it consolidated a bit, and then began to trend upwards. What happens when the market leaves the consolidation phase? The subtle agreement between the bear […]

The Board of Royal Dutch Shell plc (“RDS”) have announced the Reference Share Price in respect of the second quarter interim dividend of 2013, which was announced on August 1st, 2013 at $0.45 per A ordinary share (“A Share”) and B ordinary share (“B Share”) and $0.90 per American Depository Share (“ADS”). Reference Share Price […]

Reliance Industries Limited (RIL) and BP have announced a new gas condensate discovery off the east coast of India in the Cauvery basin. The discovery, in the deepwater block CY-DWN-2001/2 (CYD5), is situated 62 kilometres from the coast in the Cauvery Basin and is the second gas discovery in the block. RIL is the operator […]

Daily chart: The CL made a strong bullish rebound in the 103.85 support level, making of the CL, in an asset very difficult to negotiate at the moment, because this is kept within the range between 106.70 and 103.85 levels. If the CL manages to break the support level of 103.85, it is expected to […]