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The Q2 results from the world’s supermajors were dominated by the high profile problems at BP, which offset a record quarterly loss of US$17 billion against the departure of CEO Tony Hayward, who earned himself the title of “most
Full story...Cove Energy has already aligned itself with the emerging exploration hotspot of East Africa, where earlier this year it was a junior partner in the deepwater Windjammer gas strike offshore Mozambique. Now the AIM-quoted explorer
Full story...Shares in Po Valley Energy slumped in April when the ASX-listed Italian gas producer revealed an unexpected pressure drop at its flagship Castello gas field. The share price has yet to recover and was dealt a further blow on
Full story...Shares in Nighthawk Energy ticked up six per cent on Monday when the shale hopeful provided a positive update on efforts to sell part of its equity in the Jolly Ranch project in Colorado. Last month the AIM-quoted company and
Full story...Earlier this month we reported how Minneapolis-based clean energy technology company Bixby Energy Systems had reached a corporate milestone by shipping its first coal-to-gas unit to China, one of three units on order to that
Full story...With students home for the summer holidays, Keele University is a tranquil place to visit (save for the roaming parking inspectors, who are zealous in their pursuit of minor parking offences). Yet this pleasant leafy campus in
Full story...Faroe Petroleum started life in 1997 to participate in the opening of the territorial waters of the Faroe Islands to exploration, but right from the earliest days it was clear this E&P upstart had international ambitions. Chief
Full story...It’s almost a year now since California oil producer Salinas Energy acquired Neon Energy in an A$5.7 million cash-and-stock deal that took the ASX-listed company into new waters offshore Vietnam. Since then a lot has changed:
Full story...Shares in Dominion Petroleum took a big on Wednesday, slumping almost 40 per cent to 3.39 pence, as the market reacted to news that the Ngaji-1 well in Uganda was a duster. The well, the first ever in the Lake Edward Graben, was
Full story...Cor blimey, talk about one step forward, two steps back. Petroceltic International, which is listed on London’s AIM And the Irish Stock Exchange’s ESM and focused on the Middle East, North Africa and the Mediterranean, spent a
Full story...You read that the management have received a letter from The Ministry and you automatically assume that another FSU country is trying to pinch a western company’s assets. You immediately jump to the conclusion that protracted
Full story...The question marks hanging over the economics of Roxi Petroleum’s Ravninnoe field in Kazakhstan remain firmly in place after the latest update from the AIM-quoted E&P. Compared to the company’s other field developments in the
Full story...As reflected in this year’s strong share price performance, investors are starting to take heart that Bowleven’s endeavours in Cameroon are, finally, going to yield real returns for the AIM-quoted E&P. The £285 million market
Full story...UK-listed Global Energy Development which is focused on Latin America had a tough year in 2009 with lower earnings, disappearing profits and declining output. This was largely ascribed to weaker crude oil prices particularly in
Full story...There was some welcome relief for Aminex shareholders last week as the shares gained 20 per cent on Friday on news of a drilling agreement with El Paso that has already seen a high impact deep exploration well spud on its Shoats
Full story...Petro Matad Limited has done it. Having overcome unusually harsh winter conditions and a regional shut down due to an outbreak of foot and mouth disease which caused infuriating and nail biting delays, the AIM quoted has found
Full story...A clearly pleased Randy Bartley, the CEO of TSX and London AIM listed Coastal Energy recently announced there were some promising log results from Bua Ban -01, A-02 and A-05 wells and they would be completed and tied in for
Full story...Having run into obstacles in its bid to buy assets in Argentina and Mongolia, TSX Venture-listed Canoel International Energy Ltd is now acquiring a shell company in Norway. Last month Canoel, which IPO-ed in April 2008 to
Full story...London AIM and Toronto TSX-Venture quoted Ithaca Energy has recently and in very short order raised more than US$ 150 million. The company entered into an agreement with a syndicate of underwriters led by CIBC following which the
Full story...Shares in Falkland Oil & Gas Limited slumped 104 pence to 97.75 pence on Monday after its maiden well in the Falkland Islands came in dry. Some company watchers felt the sell off to be overdone – after all, this was the first
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