Oil and Gas

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 […]

Tethys Petroleum Limited is an AIM-listed company which is involved in the exploration and production of oil and gas in Kazakhstan, Tajikistan and Uzbekistan. When this company stock was analyzed, it was discovered that it is in a bearish mode. This is a falling market. While some traders would not prefer to open trades when […]

Ever heard of Doggerland? Some think it’s an adult themed pleasure park off the M4, but in fact it’s an ancient underwater land mass encroaching on Scandinavia from the UK where the estuarine tophaceous boulder layer of the Bentley field sits. The field was picked up back in the 70’s, and owned by majors twice […]

Irish oil explorer Providence Resources plc (LSE:PVR) said the Barryroe oil field off the coast of Ireland has between 1 and 1.6 billion barrels of oil in place following a series of comprehensive post-well studies. In a statement released earlier today, data from 2D seismic, 3D seismic, and six wells drilled on the said field […]

Plexus Holdings PLC (LSE:POS) provides engineering methods and services for the oil & gas sector. This company stock is characterized by many gaps (gaps-up and gaps-down), extremely serious equilibrium market zones and significant movements; whereas a gap is a break in price. Gaps on this market reflect the proverbial imbalance in supply and demand on […]