Oil and Gas

Shares of Dragon Oil plc (LSE:DGO) were trading in the red today, despite an “eventful” first half of the year, as described by its Chief Executive Officer, Dr. Abdul Jaleel Al Khalifa. The Turkmenistan-focussed oil nd gas exploration, development, and production company said average daily production rate has increased by 10.7%, to 64,000 barrels of […]

Oil and natural gas services company Halliburton Company (NYSE:HAL) reported that its second-quarter net income was flat due to a slowdown in North American drilling. However, the company’s adjusted earnings beat Street estimates.

After roughly 5 months of perpetual bear market, the shares at Gulf Keystone Petroleum Limited (LSE:GKP) have long started rising. This company, an independent oil and gas exploration and production company which operates in Iraq, is registered in Bermuda and was listed on AIM in 2004. It has a big number of investors, and as […]

Shares of Red Emperor Resources NL (LSE:RMP) and Range Resources Limited (LSE:RRL) sunk deep at the start of week’s trading in London today, after disclosing today there were no “traces of oil” at the Shabeel North well following an open hole drill stem test (DST) announced last Wednesday, 18th July. According to the statement last […]

Shares of Tethys Petroleum (LSE:TPL) slid by 1.50 pence to 43.50 today, losing some of the momentum from yesterday’s 4.00 pence gain following its announcement of a major resource upgrade in its assets in Tajikistan. The Resource Upgrade Tethys announced yesterday that it had received an updated resource report from Gustavson Associates regarding the company’s […]

The Bulletin Board crazies love the Falkland Island explorers. Sometimes they zoom ahead. Sometimes they crash. But every day thousands of words are exchanged between these various loons, none of which add much, if anything, to the sum of human knowledge and nearly all of which are bullish.  Real investing is so dull when you […]

Independent oil and gas explorer and producer, Gulf Keystone Limited (LSE:GKP) said it now has gross oil in place of about 12.4 billion barrels from its Shaikan block in the Kurdistan region in Iraq. The latest report is the fourth revision of the P90 estimates, indicating an increase of about 4.4 billion barrels from the […]

Central Asia-focused oil and gas exploration and production company Tethys Petroleum Limited (LSE:TPL) (TSX:TPL) now holds an estimated 27.5 billion barrels of oil equivalent (boe) from its Tajikistan, the company announced today. The latest estimate is a sharp increase in the previously estimated prospective resource of about 1.14 billion boe buried within the same basin […]

AIM-quoted Leni Gas & Oil plc (LSE:LGO) announced today it has signed a sale and purchase agreement to divest its assets in Spain for €8 million to an unnamed private buyer. The transaction will be in cash and the buyer paid €200,000 non-refundable deposit to obtain exclusivity to complete the transaction by 27th July 2012. […]

Oil and gas engineering firm Lamprell plc (LSE:LAM) was awarded the contract worth US$120.9 million to build a modified jackup for Seajacks to be constructed at the company’s facility in UAE. Lamprell’s fourth rig to be built for Seajacks, Seajacks Hydra will have a payload capacity of 1400 tonnes, accommodate 100 personnel, and will be […]