Oil and Gas

As a general rule of thumb, it’s good to remember that cause and effect are not necessarily closely related in time and space.  Today, however, the response to the news of Petrovac’s (LSE:PFC) latest contract award was immediate and pronounced. Petrovac released the news of being awarded a new $3.7 billion contract at 10:32 this […]

Tanzania is fundamentally rural and not connected to the grid, so it’s no surprise that 90% of its primary energy needs come from Biomass – leading to rapid deforestation – with Petroleum making up 7.8%, natural gas 2.4% and hydropower 1.2%. Less than 10% of Tanzania’s 40m plus population have access to electricity. In 2009 […]

Since the turn of the millennium, Companies have been gradually placing their bets along East Africa, in the rift margins and coastal areas – and so far it has turned out to be a high payout roulette wheel. The Chinese started to dominate Kenyan exploration after Kibaki’s turn to the East in 2004, but their […]

LNG is liquefied natural where it is reduced by cooling at -162C to 1/600th of its normal volume. CNG, compressed natural gas, and LNG, are both methods for transporting gas to where it is needed. The problem that is both need heavy investment in infrastructure to allow the stranded gas to be monetised where the […]

Sefton Resources (LSE:SER), the tin pot oil company that its suing me for libel because I pointed out how on a serial basis it has misled investors ( down 99.9% since IPO) over the years admitted after hours (5.44 PM) yesterday that it misled investors 24 hours ahead of a placing last month – as […]

Aminex stock (LSE: AEX) is wrapped in valid optimism right now. The price has constantly found a bottom around the accumulation territories of 4.00 and 3.50. Since those accumulation territories are too strong for the bears, the price would eventually go up. The price is below the EMA 21 and the Williams’ % Range period […]

The Crude Oil found a good support on the uptrend line, causing bullish rebounds on this commodity. The Crude Oil (NYMEX:CL) respected the dynamic support of the moving average of 200 and the uptrend line, which means it is very possible that this commodity continues its path towards the next resistance level of 94.80. If […]

The share price of Xcite Energy (LSE:XEL) jumped as much as 8.25% to 117.25 by 13:00 today on news that its Bentley Oil Field holds much more in reserves than originally thought. It was just over a year ago (20 February 2012) that Xcite announced that preliminary research indicated that the field contained some 550 million […]

This is so blatant. I cannot see how the authorities are failing to tackle Sefton Resources (LSE:SER). If the company’s uber expensive City lawyers Pinsent Masons wish to bully me again go ahead – you know where to send your letter and you know where I will file it.  But once again Sefton has been […]

Regulator Ofgem finds failures “at every stage of sale process” UK energy sector regulator Ofgem is to fine SSE £10.5million for numerous breaches of its obligations relating to telephone, in-store and doorstep sales activities. In a statement Ofgem said the “level of fine reflects the seriousness and duration of breaches, the likely substantial harm that […]