Oil and Gas

MXO Oil stock (LSE:MXO) is now trying to rise from the long-term base it has formed in the market. Would this be a sustained bullish movement or a false breakout? From July to August 2015, the price nosedived, after which it formed a base. The base was in place from August till now… But there […]

Fresh details from BP BP, on behalf of the Schiehallion co-venturers Shell and OMV, announced today that the new Glen Lyon floating production storage and offload (FPSO) vessel has started sea trials as it begins its journey towards the west of Shetland where it will serve as the hub for the 450 million barrel Quad204 […]

What are the details? BP Egypt has announced today the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP’s working interest in both concessions of the West Nile Delta […]

Gulf Keystone stock (LSE:GKP) has been under serious selling pressure in the past several months. Contrary to what some fundamental analysts might be saying, the bearish trend might continue. The price has already broken downwards below the lower Trendline, going further south. The RSI period 14 is below the level 50, showing a strong bearish […]

Plexus Holding shares (LSE:POS) are now showing a measure of bullishness in them, which means they might trend higher from here. The market was flat in the months of June and July, 2015: The trendless phase showed that the market had no momentum in it. From August till October, the market plunged. However, the market […]

Competent Persons Report for Southern North Sea Assets – Significant gas potential confirmed by independent consultants Cluff Natural Resources Plc, the AIM quoted natural resources investing company, has received a Competent Persons Report demonstrating prospective resources contained in four of the Company’s licences located in the Southern North Sea. P2252 (100% Working...

Rosneft and BP announce the completion of the transaction to sell a 20 per cent share of Taas-Yuryakh Neftegazodobycha LLC to the British company. The joint venture between Rosneft and BP based on Taas-Yuryakh Neftegazodobycha LLC will continue further development of the Srednebotuobinskoye oil and gas condensate field which is one of the largest fields […]

Victoria Oil and Gas stock (LSE:VOG) has dropped steeply as a result of a strong selling pressure in the market. This is a development that is supposed to continue for the rest of this year. The southward movement started around the end of October 2015; becoming significant recently. 4 EMAs are used for the market […]

Construction work begins after 2 years of planning on a new power plant that could provide up to 235,000kW more electricity per day to the local grid – Important milestone in much needed redevelopment of the field – Power station to be powered by captured Rumaila gas. Basra, Iraq, 15 November: Construction work has begun […]

Company continues to refocus global petrochemical business for long-term growth HOUSTON – BP has decided to market for sale its Decatur, Ala., petrochemicals complex as part of a broader reorganization of the company’s global petrochemicals business. BP’s refocused petrochemicals strategy is pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that...