Oil and Gas

BP plc (LSE:BP.) will embark on a shares buyback programme in the next 12 to 18 months after the receiving the proceeds from the sale of its stake in the TNK-BP venture, the London-based oil giant said earlier Friday. In a statement, BP said it is going to spend $8 billion from the $12.48 billion […]

BP has announced its intention to carry out a share repurchase programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP shareholders an amount equivalent to […]

Lamprell (LSE:LAM) will be glad to get March 2013 behind it.  The company has taken it on the chin with a major fine from the FSA and a year end report that makes the Titanic’s voyage look like a raging success.  Nonetheless, the appointment of a new CFO,the arrival of its new CEO, and a […]

I had a day off yesterday from Sefton Resources (LSE:SER) the joke AIM listed oil production company that is suing me for libel. But this morning I am sent, by a pal on the West Coast, a little snippet which I thought might interest you.  It concerns Thomas (Tom) George Milne who was appointed a […]

Currently, and until further notice, it may be suicidal to open long trades on Matra Petroleum (LSE:MTA). Since the last year, the price has been going down slowly and steadily. In the current downward bias, the market consolidated lower in the month of February 2013, breaking the lower Trendline before the end of that month. […]

As you are aware AIM listed joke oil company Sefton Resources (LSE:SER) is suing myself and my pal Dan Levi (Brokerman Dan) for libel. We cannot wait for our days in court as this is getting more amusing by the day. A day or so I asked Sefton the simple question – how many flights […]

As you may remember Sefton Resources (LSE:SER) is suing myself and Brokerman Daniel for libel. I have already responded to its writ and lodged my papers in the High Court last week. Dan tells me that he will be lodging within 24 hours. Both of us await this matter with mounting excitement as the more […]

I first tipped this stock on my premium Nifty Fifty website at an 11.5p offer price on 28th October last year advising my readers to sell half their holding at 24.75p (bid price) the following month. I subsequently suggested reinvesting that cash at 13.5p (offer price). Things are now getting exciting for this company. Leyshon […]

Shares of Bahamas Petroleum Company plc (LSE:BPC) surged upward on the London Stock Exchange today after the Government of The Bahamas decided to postpone a referendum that would decide the future of the oil exploration in the waters of the Caribbean commonwealth state. In a statement, BPC’s Chief Executive, Simon Potter, welcomed the decision of […]

It’s been very wet in Rio this week … Airport closed due to flooding and general transport chaos..! Someone I expect is not unhappy though is Eike Batista Eike Batista is involved in many companies here in Brazil and the actions of the some of his companies is having a positive impact on the others […]