Oil and Gas

I note that yesterday, the stock price of AIM listed Falklands Oil & Gas (LSE:FOGL) jumped by 10.25p to 85.25p ( a gain of almost 14%) after it announced that it had spudded its first well in the South Atlantic as it always said that it would do in August. To be fair there was […]

Falkland Oil & Gas Limited (LSE:FOGL) has signed in a new partner in its exploration in the Falkland Islands in a contract that is estimated to be worth between US$180 and $230 million in the next three years, the company said today. Noble Energy Falklands Limited, an affiliate of NYSE-listed Noble Energy, Inc. (NYSE:NBL), entered […]

FTSE 250 oil and gas firm Ophir Energy plc (LSE:OPHR) made its sixth gas discovery in Tanzania but said the gas find was lower than what the company hoped it would have. In a statement released earlier today, the Africa-focussed explorer said Papa-1 well, its sixth well located in Block 3 offshore Tanzania, encountered 89 […]

Oil and gas explorer and producer Coastal Energy Company (LSE:CEO) (TSX:CEN) said today its offshore proven reserves have increased by 30% to 81 million barrels of oil (mmbbl) while offshore probable reserves increased by 26% to 87.9 mmbbl. The latest report, prepared by RPS Energy Ltd., brings the total company proven reserves to 87.9 mmboe, […]

The London 2012 boxing competition has barely been underway, but one heavyweight has already taken it on the chin.  BP (LSE:BP.) was rocked by a solid punch that started its share price bleeding after the company exposed its Second Quarter results.  Shares dropped 19.85p to 424.60 by midday.  Obviously shaken, CEO Bob Dudley acknowledged the […]

The share price of Tower Resources (LSE:TRP) took a 12% leap upward today following the release of its first half results and the release of an update on its Namibia offshore licence 0010.  The 0.35 pence increase drove the share price to 3.28 by 12:30pm UTC. Mid-Year Results The emphasis in the first half report […]

Oil and gas company Chevron Corporation (NYSE:CVX) today reported its second-quarter financial results, posting a 7% drop in profit.

U.S.’s largest oil company, Exxon Mobil Corporation (NYSE:XOM) today reported a sharp rise in its second-quarter profit, helped by asset sales.

South America-focussed oil and gas explorer Amerisur Resources plc (LSE:AMER) hit 75 feet of gross oil column with 51 feet of potential net pay from its Platanillo field in Colombia, its second discovery for the year, and will perform flow and pressure tests during the next two weeks, the company said today. The Platanillo-4 well, […]

Independent oil and gas producer Faroe Petroleum plc (LSE:FPM) said the company “encountered hydrocarbons” from its Cooper Well in the Norwegian Sea, moving shares up by 5.5% to £1.44 a share with a turnover of more than a million, by noon GMT. The news is a reversal of the disappointing result of the company’s first […]