Oil and Gas

Operators of Stanlow refinery, the UK’s second largest Essar Oil (UK) Ltd have appointed Janet Ashdown and Neville Chamberlain as independent non-executive directors of the company. Janet Ashdown was until the end of 2012 Chief Executive Officer of Harvest Energy Limited and Blue Ocean Oil Trading Limited, she previously worked for BP for 29 years […]

Step forward for British Gas owner. Centrica Energy’s Lincs offshore wind farm has been officially opened by the Deputy Prime Minister Nick Clegg. The last of the wind farm’s 75 wind turbines was connected to the National Grid on Wednesday 24 July, bringing the 270MW project up to full strength for the first time. Lincs […]

Exploring the ploys of Centrica We have all heard the discussions about the “fiscal cliff” and seen its effects on our stocks but how about the threat to our energy resources?  According to the BBC, power shortage risks could occur as early as 2015. “The unprecedented challenges facing Britain’s energy industry… to attract the investment […]

Millions of pounds to be saved due to potential petrol price cuts. The Government is seeking to cut petrol prices by 5p in some parts of the UK. But who are the chosen ones… Residents of remote areas in the UK suffer from higher rates whenever their tanks run out. Not only is driving in […]

Still months away from the deadline to settle claims for loss of earnings due to the infamous Gulf of Mexico oil spill, the embattled BP plc (LSE:BP.) said today that the US$20-billion Deepwater Horizon Oil Spill Trust fund has only US$300 million left and the oil giant expects that the remaining balance will be utilised […]

The indicators on Sefton Resources (LSE:SER) are screaming out in what is another buying opportunity of a lifetime. In the recent bear market, the price has largely moved sideways from March 2013 until the latter part of the month of July 2013. It is known that the stock is very cheap right now. From the […]

Progress described as a “significant step forward”. ExxonMobil, BP, ConocoPhillips and TransCanada have begun summer field work as part of their activities associated with a staged pre-FEED (front end engineering design) for the Alaska South Central LNG (SC LNG) project. This summer field work will employ approximately 150 people. Since the joint work began in […]

Decision to move forward with two projects at existing developments enhances offshore portfolio. Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. “Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of […]

Fossil fuels affect us, and the world over, everyday. If we are not complaining about the price of petrol, then it is the utility bill at the end of the month. We rely on them, but they come with a frightening fee… In the news today, methane is leaking from the Arctic, a gas rig […]

Today is not one of those days for some oil and gas players as a number of listed firms announced unfortunate results of their drilling campaigns in search for hydrocarbon. Falcon Oil & Gas (LSE:FOG) The statement saying “the well then penetrating an alternating sequence of sandstones, siltstones and shales over a gross interval of […]