Oil and Gas

Increased cooperation between BP and the emerging superpower. BP and CNOCC, the China National Offshore Oil Corporation, have signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin, South China Sea. The block covers 4,586 square kilometres in water depths from 370 to 2,300 metres, and is close to BP’s […]

Looking at BP and Shell stock with their recent press. Oil and petroleum companies such as BP and Shell have some of the largest revenues and public trading in the world, but no matter how grand their success, each has their share of negative press. In a game of “Where are they now?” let us […]

Opened by the Liberal Democrat Business Secretary Vince Cable The £350 million Vivergo bioethanol plant in Hull was officially opened today by the Rt. Hon Vince Cable MP, Secretary of State for Business, Innovation and Skills. The new plant is the UK’s biggest bioethanol producer and largest single-source supplier of animal feed providing valuable commodities […]

Albeit the current bias on TXO stock (LSE:TXO) is bearish, the bias is expected to vanish sooner or later, as the stock resumes a long-term upward journey. This is indeed a buying opportunity of a lifetime! Even, should the stock trend further lower, the movement is going to be transitory, for it would merely give […]

It may well turn out to be profitable for investors. Shell has announced a successful exploratory well at Vicksburg in the deep-water Gulf of Mexico. The well is located 75 miles (120 kilometers) offshore in the Mississippi Canyon Block 393 in 7,446 feet (2,269 meters) of water. It was drilled to a total depth of […]

Gulf Keystone (LSE:GKP) share price rose by 4.75 pence today back to 150.00, an increase of 3.27%.  The company is evidencing it’s seriousness regarding its aggressive plans to move from the AIM to the Main Market on the London Exchange and to exploit its Shaikan oil field operations.  The company, which has struggled to gain ground […]

The political unrest in Egypt has made its impact today as benchmark oil prices rose in apprehension of the deadline set by the country’s military on the Arab state’s President Mohammed Morsi to give in to the demands of protesters. In the US, light crude reached a 14-month high to over US$100 a barrel whilst […]

In the past several months, Leni Gas stock (LSE:LGO) has been a bear market. The bullish attempts that happened in April and May, 2013, proved to be futile, for it merely happened to be a rally in the context of a downtrend. On the chart, the price went below the EMA 21 last month, and […]

Pound Sterling – it was a mixed week for the Pound as it began the week down against the US Dollar as it declined to its lowest-level in more than two weeks ahead of the sale of UK government bonds. Against the Euro, Sterling weakened for the first time in three days. On Tuesday it advanced […]

Bowleven shares (LSE:BLVN) are what I couldn’t risk my neck on. This is because the shares are not favorable to buyers, except sellers. The shares hit the yearly high in March 2013, testing the distribution territory at 100.00. From that territory, the price dropped seriously and consolidated around the latter part of May 2013. In […]