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It is not only independent oil companies feeling the pinch as banks and other financiers tighten their belts in the face of some rather gloomy economic conditions. The sharp downturn in the global economy and the fall in world
Full story...The volatility we’ve seen in the oil price looks set to continue in 2009. With more than 50 per cent wiped off the price of oil in one year, geopolitical issues and a worsening economy continued to impact the oil price in the
Full story...Aussie explorer Oilex Ltd has been on the fund raising trail as it seeks to boost production from its Cambay field complex in India and other projects next year.
Full story...AIM-quoted Rift Oil has worked steadily through the year building up its gas reserves in Papua New Guinea. Indeed, this resulted in the declaration of a near tripling of unrisked mid-case prospective resources in its interim
Full story...There will be mixed feelings in the Afren camp this Christmas. Though the company is about to enter 2009 with record production, it has just lost its founder and chairman Dr Rilwanu Lukman to the world of Nigerian politics.
Full story...The highs and lows of the oil price dominated market sentiment throughout 2008. OPEC ministers met more often and held more frequent consultations, as market conditions swept prices to record highs in the first six months and
Full story...The oil price held steady earlier this week on news that OPEC would cut production. Then we saw a surprising decline. The Ministers decision appeared to disappoint the market with announced cuts of 2.2 million barrels a day, to
Full story...It is hard to get away from talk of recession these days. Crude oil prices have lost about US$100 since their peak this summer, amid expectations of falling global demand, while equities prices have likewise tumbled, slashing the
Full story...The worsening global economic plight dominated the oil market this week with good news and bad news about what to expect. America’s proposed stimulus plan brought optimism and dismay as prices jumped back above US$47 midweek. The
Full story...We last wrote about Canadian independent Ithaca Energy which has assets in the UK North Sea, last August. Then, the Toronto Venture Exchange and London AIM listed junior was focused on its Athena development project. Now, however
Full story...The week started with an even greater sense of gloom on the oil market and this continued all week, with prices hitting record lows not seen in almost 4 years. The market closed on Wednesday below US$47 a barrel as weak demand
Full story...There has been some good news and some not so good news from ASX and AIM listed Oilex Ltd about its various assets in an operations update. First the not so good news, well perhaps mixed news are better words, comes from its
Full story...It was announced on December 1st that Rivington Street Holdings (RSH) is buying Oilbarrel.com. RSH is a media group chaired by Malcolm Burne, the fund manager and director of a number of resources companies in Canada, Australia
Full story...While the City weather may have been cool outside, talk of exotic destinations such as the Gulf of Thailand and the Bahamas may have helped improve the mood of investors inside The Brewery during the 22nd Oilbarrel.com
Full story...Another packed house, Oilbarrel’s 22nd conference offered some crumbs of comfort to investors still left scratching their heads as to where it all went wrong. At the previous event, held in September, at the now familiar venue,
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TOWER RESOURCES AND GLOBAL PETROLEUM LTD REACH AGREEMENT ON THE FUNDING OF DRILLING IN UGANDA EA5
