Oil and Gas

US$1.6 billion Net Mean Un-risked NPV10 for FEL3/13 Prospects – Irish Atlantic Margin Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with both producing and exploration assets in Europe, recently commissioned ERC Equipoise Ltd to complete an independent assessment of its interests in the Frontier Exploration Licence 3/13 in the […]

This morning as expected ENOC upped their offer for Dragon Oil (LSE:DGO) to 750p per share. This represents a 15p increase on their proposed offer and that would seem enough to gain the boards approval. This bid comes in 100p below the 850p value I believe Dragon is currently worth. ENOC state that they ‘met […]

Growth of global primary energy consumption decelerated markedly in 2014 The 2015 edition of the BP Statistical Review of World Energy, launched today, highlights how significant changes in global energy production and consumption have had profound implications for prices, for the global fuel mix, and for global carbon dioxide emissions. The 64th annual edition of […]

The biggest news today will probably come from Vienna where the OPEC oil ministers are gathered to determine how they are going to try to continue to manage the business through which the consortium has pretty much controlled the oil industry since 1960. Nonetheless observers are still buzzing over the newly-published list of Fortune 500 […]

Gulf Keystone shares (LSE:GKP) are now in a tight equilibrium zone. This is a condition that has been going on since March 2015; and a breakout is expected very soon. There would either be a breakout to the upside or a breakout to the downside. The ADX period 14 and its DM+ and DM- are […]

UKOG: THE UK OIL INDUSTRY CHANGER WITH BAG FULLS TO GIVE.  Hi everyone, Today I will be talking about UK Oil and Gas Plc (LSE:UKOG) A lot of people will have heard of UKOG. After all, its press coverage in the UK as a result of the Horse Hill Kimmeridge clay news recently has scared […]

Really. What is going on is strange, and it is not likely that anyone really predicted what we are seeing right now. Are current conditions what the OPEC nations expected when they lowered the price of crude, but did not cut production? Consider the following: The number of operating oil rigs in the U.S. has […]

What are they arguing? Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, today announced their call to governments around the world and to the United Nations Framework Convention on Climate Change (UNFCCC) to introduce carbon pricing systems and create clear, stable, ambitious […]

What are the details? BP and The Kansai Electric Co., Inc. (Kansai Electric) today entered into a sales and purchase agreement for liquefied natural gas (LNG), and a cooperation agreement for the purpose of exploring opportunities for business collaboration. Under the agreements, BP will provide Kansai Electric with up to 13 million tonnes of LNG […]

Final Results for the year to 31 December 2014 Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced final results for the year ended 31 December 2014. Highlights: * 25% increase in number of wells on Magnolia’s leases in proven US onshore formations to 186 as at […]