Oil and Gas

Up, up and away for new venture? Air BP, the aviation fuel services division of BP, has signed an agreement with Grupa Lotos to form a new joint venture to manage the supply, logistics and marketing of aviation fuel in Poland. The new joint venture, Lotos – Air BP Polska, will be formed by Air […]

Early this morning Asda supermarkets announced that they would slash the price of unleaded and diesel by 2 pence per litre beginning Tuesday, 25 June.  It appears that Sainsbury’s (LSE:SBRY), Morrisons (LSE:WM) and Tesco (LSE:TSCO) will immediately follow suit. What was described as “a flurry of price cuts” is being promoted as big news by the […]

Pound Sterling – Despite an improving picture emerging for the health of the UK economy, this week was one of declines against the US Dollar. On Monday the Pound was little changed against the Euro and US Dollar due to an industry report showing that home sellers raised their asking prices for a sixth-straight month […]

It’s kind of an “All’s Quiet on the Western Front” day today as all eyes and ears are waiting for the 2:00 pm EDT presentation by Ben Bernanke of the U.S. Federal Reserve Bank that will let the world know what actions the bank will, or will not, take to keep the economy stable.  But […]

There is a wonderful opportunity to go long on IGas (LSE:IGAS). The shares are expected to go northward slowly or steadily until further notice. This means it is high time permabears smoothed their positions; otherwise they would discover maggots in a heap of salt. The market was in a bullish mode until the end of […]

Independent oil exploration and production companies, Genel Energy plc (LSE:GENL) and Gulf Keystone Petroleum Limited (LSE:GKP), announced earlier today another commercial oil discovery in the Kurdistan Region of Iraq, advancing shares of both firms on the London Stock Exchange in early morning trading. In a statement released by Genel, the operator of the Ber Bahr […]

Discovery at Deepwater KG D6 Block. Reliance Industries Limited (RIL) and its partners BP and NIKO today announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1,024 metres – and to a total depth of 4,509 […]

Dually-listed extraction firm, Leyshon Resources Limited, said its gas well in China flowed commercial rates five months after the firm encountered multiple potential pay zones, pushing the share price up earlier today on the Alternative Investment Market in London. In a statement, the China-focused firm which also has mineral mining business in Australia said a […]

A roller-coaster ride for markets this week and a perfect example of how important central bank communication (read US Federal Reserve) has become and how markets can move indiscriminately on changes in sentiment regarding the future of the highly accommodative monetary policy  (read Fed’s QE3), something that has supported the global rally and recovery hopes […]

Caza Oil & Gas is being shown a lot of confidence as the AIM-listed firm received fresh funding to support its 2013-2014 drilling campaign. In a statement today, Caza disclosed it has acquired funds to the tune of US$50 million through a Note Purchase Agreement with an investment firm Apollo Investment Corporation – a deal  […]