World

Lloyds shares (LSE:LLOY) are in a major downtrend, which has been in place since the last several months. Adamant buyers would have lost a lot in this kind of market, simply because they refuse to go with the flow of the market. In the chart, 4 EMAs are used, and they are EMAs 10, 20, […]

Award of New Offshore Ireland Licensing Option Europa Oil & Gas, the AIM listed oil and gas exploration, development and production company focused on Europe, has been awarded a new Licensing Option in the southern Porcupine Basin, offshore Ireland, as part of phase 1 of the 2015 Atlantic Ireland round. This follows the announcement on […]

Q4 2015 Operations Update Magnolia Petroleum, the AIM quoted US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Woodford, Mississippi Lime and the Hunton in Oklahoma. Q4 […]

Management Contract Awarded for Two Further 20MW Projects Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, has announced that it has been awarded two further management contracts for the construction and operation of 20MW flexible stand-by electricity plants, by SelectGen […]

Issue of Equity MX Oil, the AIM quoted oil and gas investing company, has announced that it has raised £175,000 via a placing of 14 million ordinary shares at a price of 1.25 pence per share. The Placing is in response to demand received from new and existing shareholders to participate on the same terms […]

Horizonte Minerals , (AIM:HZM) (TSX:HZM) the nickel development company focused in Brazil, has announced the award of four new concession areas adjacent to its Araguaia nickel project which is being developed as the next major nickel project in Brazil. · Two new southern concessions, totalling 15,674 hectares, are located in a prospective position adjacent to […]

In Salah Gas, a joint venture between Sonatrach, BP and Statoil today announced the start-up of its Southern Fields project. The project is the latest stage in the development of seven gas fields in central Algeria. The In Salah Gas joint venture commenced production in 2004 from three fields in the north of the area: […]

To extend licence and develop second phase of major Khazzan gas field BP and Oman Oil have signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development […]

The EUR/JPY dropped by 450 pips last week, owing to the strength in the Yen. Even the bullish effort on the EUR was unable to prevent the smooth southward movement. The price reached the demand zone at 126.00, and it could go below it despite the current upwards bounce present in the market. The upward […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by 230 pips last week, topping at the resistance line of 1.1350, before the current bearish correction. From that resistance line, price got corrected by 100 pips while the bias on the market remains bullish. There is a need for price […]