Global News

To explore Shallow Water Absheron Peninsula BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is […]

Interim Results Sable Mining Africa Ltd, the AIM listed iron ore exploration and development company, has presented its results for the six months ended 30 September 2014. Highlights: · Focus on the high grade, high margin, low capital intensity Nimba Iron Ore Project in south-east Guinea · Commercial viability of Nimba demonstrated through Preliminary Feasibility […]

On first Rumaila visit, oil minister Adel Abdul-Mehdi’s charts progress and hears plans South Oil Company, BP, PetroChina and SOMO, which together form Rumaila Operating Organization (ROO), today pledged to ensure Rumaila continues to expand its contribution to Iraq over the next 20 years. Iraq’s new oil minister Adel Abdul Mehdi today attended an event […]

Update on Chilean Solar Projects 
 Rame Energy plc, the independent power producer , has provided an update on its solar power activities in Chile, including its first multi megawatt, on-grid ground mounted solar project and the signing of its first solar power purchase agreement. This update is in line with the Company’s strategy to […]

New Retail and Marketing deals agreed with Amazon, Best Buy.com and Target Fitbug Holdings Plc, the AIM quoted provider of online personal health and wellbeing services, has announced that it has agreed a number of new contracts which will positively impact its sales for both the Fitbug Orb wearable device and Kiqplan, its 12 week […]

Mexico Update Northcote (AIM:NCT), an onshore US oil and gas exploration and production company, has responded to the announcement by MX Oil (AIM:MXO) with whom it has entered into an Agreement conferring Northcote the right to participate, at a level of up to 20%, in potential business activities, alongside MX Oil, in the upstream oil […]

This past week the FTSE 100 aggregate companies regained £62 billion of the £112 billion in valuation that they lost during the prior week. The index finished the week at 6,545.27, a gain of 3.9% on the week. Oops! Pardon me. That introduction kind of took the polish off the headline, didn’t it? Oh well, I might […]

Update on Mexican Joint Venture Company activities in Mexico MX Oil plc, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has updated the market on its Mexican Joint venture company with its partner Geo Estratos. Significant work has been undertaken by the JV on a number of target […]

Operational update Alecto Minerals (AIM:ALO), an AIM quoted mineral exploration company focussed on West and East Africa, has provided an update on its operational, exploration and corporate activities. Alecto, a gold and base metals exploration company with a focus on Africa, currently operates in four countries across the continent with projects at varying levels of […]

Update on Operated Leases in Oklahoma Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has provided fresh details concerning its operated leases in Oklahoma including a more than doubling of production at its 100% owned Roger Swartz #1 well following the successful completion of low cost stimulation […]