Oil and Gas

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 […]

Magnolia Petroleum (LSE:MAGP), a US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights: Production as at 1 August […]

Will Centrica profits start heating up as a result? Centrica (LSE:CNA) and Qatar Petroleum International (QPI) have completed a C$1 billion agreement with Suncor Energy to acquire a package of producing oil and natural gas assets in the Western Canadian Sedimentary Basin. The assets include proven and probable (2P) reserves estimated by the partners at […]

New World Oil and Gas (LSE:NEW), an oil and gas operating company focused on Denmark and Belize, is pleased to announce that it has secured an eight-month extension in work programme commitment deadlines for Licence 1/08 at its Danica Resources Project in Southern Denmark. This extension was discussed with Danica Resources ApS and the Danish […]

Northcote Energy (AIM:NCT), an onshore US oil and gas exploration and production company, has announced interim results for the six month period ended June 30 2013. Highlights: · Rapidly advancing strategy of building an extensive low-risk onshore oil and gas production company · Quadrupled production since January 2013 to 100boepd · Increased net acreage by […]

Makes second repayment of US$1 million on its debt facility with Macquarie Bank Limited from cash proceeds received from Eagle Ford Shale production. Empyrean Energy PLC (LSE:AIM), a US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, is pleased to report that, further to the announcement on […]

Pound Sterling The Pound began the week softer against the Euro after Angela Merkel won a landslide victory in the German elections. The result was seen as a positive for stability in Europe and sent the Euro slightly higher against Sterling. Disappointing economic data releases for the UK and negative comments from a Bank of […]

DekelOil Public (LSE:DKL), operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has published its interim results for the six month period ended 30 June 2013. Highlights: Successful listing on AIM in March 2013 in tandem with a £2.3 million fundraising 60t/hr CPO extraction mill (‘the Mill’) remains on […]

The AIM listed African focused support services and logistics company Africa Oilfield Logistics (LSE:AOL) focused support services and logistics company has announced that its 49% owned subsidiary Ardan Risk & Support Services (‘Ardan’) has signed a contract with Weatherford Drilling International Ltd, a subsidiary of Weatherford International Ltd (NYSE:WFT) (‘Weatherford’), the NYSE...