Oil & Gas Sector News

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  • Europe close: Stocks rise as hope springs eternal Sharecast - 2 hours 11 minutes ago

    European stocks ended higher on Wednesday as investors took heart from news that Greek Prime Minister Alexis Tsipras is ready to accept all his creditors' bailout terms, with only a handful of minor changes....

  • Along with the usual tug-and-way battle between Greece and its creditors that is likely to continue on Thursday, the all-important US employment report will still probably grab a few headlines.

  • Royal Dutch Shell (Xetra: R6C1.DE - news) has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as companies …

  • Royal Dutch Shell (Xetra: R6C1.DE - news) has given the green light for the development of the Appomattox deepwater oil and gas field in the Gulf of Mexico, set to be the energy giant's largest floating platform in the region. The Appomattox project, some 80 miles (130 km) off the coast of Louisiana, is expected to reach …

  • Algeria's oil and natural gas output fell by 6 percent in the first quarter of 2015 from a year earlier despite an increase in investment, state radio reported on Wednesday citing the energy ministry. Lower output by the OPEC member and gas exporter adds to problems for its finances caused by low crude oil prices. It …

  • Things may get worse at Tullow Oil plc (LON:TLW), but the outlook for Royal Dutch Shell Plc (LON:RDSB) is much brighter, says Roland Head.

  • Form 38.5(b) - DRAGON OIL PLC Business Wire - 8 hours ago

    LONDON--(BUSINESSWIRE)-- FORM 38.5(b) IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT ...

  • Tullow Oil has taken action to "re-set" the business for the new oil price environment and slightly increased its guidance for full-year production after enjoying strong West Africa oil production ...

  • UK stock markets advanced on Wednesday morning, bouncing back after a Greece-inspired sell-off pushed the FTSE 100 to a new five-month low the previous session.

  • Emirates National Oil Company (ENOC) is progressing with its 1.7 billion pound purchase of Dragon Oil (LSE: DGO.L - news) shares it does not already own, despite a major investor saying the takeover undervalued the company. Dragon Oil's second-largest shareholder, asset management company Baillie Gifford, said two weeks …

  • NORWAY GAS-Flows to Germany, France rise Reuters - UK Focus - 10 hours ago

    Norwegian pipeline gas exports to Europe rose on Wednesday as Ormen Lange, the country's second-biggest field, returned to full capacity, data from gas system operator Gassco showed. Pipeline gas supplies ...

  • Oil and gas producer Tullow Oil (LSE: TLW.L - news) has raised its full-year production guidance after its flagship West African oil fields produced more than expected, lifting its shares more than 5 percent. "Our major oil-producing assets in West Africa have performed strongly and we have upgraded our 2015 full-year …

  • Oil and gas producer Tullow Oil has raised its West African full-year production guidance after its flagship Jubilee offshore Ghana field produced more than expected. The London-listed company, which last ...

  • Obama administration says animal protection laws prevent Shell from drilling with two rigs simultaneously at a close range

  • European stocks took another leg higher, while the euro ticked up against the dollar, as investors reacted to reports that Greek Prime Minister Alexis Tsipras is ready to accept all his creditors' bailout ...

  • Decent gains in the banking and travel sectors gave UK stocks a boost on Wednesday as sentiment was buoyed by hopes of a possible bailout deal in Greece.

  • The Obama administration dealt a setback to Royal Dutch Shell (Xetra: R6C1.DE - news) 's Arctic oil exploration plans on Tuesday, saying established walrus and polar bear protections prevent the company from drilling with two rigs simultaneously at close range, as it had planned. The U.S. Fish and Wildlife Service issued …

  • U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so Royal Dutch Shell (Xetra: R6C1.DE - news) 's second of two Arctic drilling rigs could depart for Alaska. The activists, who have staged frequent demonstrations during the past two months against Shell (LSE: …

  • The Obama administration issued a potential setback to Royal Dutch Shell's Arctic oil exploration plans on Tuesday, telling the company that established wildlife protections prevent it from drilling two ...

  • Tesco Plc (LON:TSCO), Ocado Group PLC (LON:OCDO) and IGAS Energy PLC (LON:IGAS) are under the spotlight.

  • U.S. activists to protest against Shell Arctic oil rig Reuters - UK Focus - Tue, Jun 30, 2015 11:00 BST

    U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell (LSE: RDSB.L - news) 's plans to drill for oil in the Arctic. The Washington state activists, who have staged frequent demonstrations over the last two months against Royal Dutch Shell's …

  • NORWAY GAS-Exports rise to highest levels since April Reuters - UK Focus - Tue, Jun 30, 2015 09:04 BST

    Norwegian pipeline gas exports to Europe rose on Tuesday as the country's second-largest field, Ormen Lange, raised output, data from gas system operator Gassco showed. Pipeline gas supplies to Europe ...

  • Gulfsands Petroleum to raise $22 mln to repay debt Reuters - UK Focus - Tue, Jun 30, 2015 08:20 BST

    Gulfsands Petroleum Plc said on Tuesday it planned to raise up to $22 million, most of it through a placing of shares to institutional investors, to repay debt and for working capital purposes. The oil ...

  • Might The Afren Plc Revolt Just Succeed After All? Fool.co.uk - Tue, Jun 30, 2015 07:35 BST

    The story isn't over yet at Afren Plc (LON: AFR).

  • ** Auroch Minerals NL rises as much as 38.9 pct to over 2-1/2-year high ** Says will sell Manica Gold Project to Xtract Resources PLC for $12.5 mln in cash and equity ** Stock up 200 pct this year as of ...

  • Shell says could begin Arctic oil exploration off Alaska in late July Reuters - UK Focus - Tue, Jun 30, 2015 02:14 BST

    SEATTLE/WASHINGTON, June 29 (Reuters) - Royal Dutch Shell (Xetra: R6C1.DE - news) could begin drilling for oil in the Arctic off Alaska as early as the third week in July, when it expects sea ice to begin clearing, a spokesman said on Monday. The Polar Pioneer drilling rig arrived in Dutch Harbor, in Unalaska, off mainland …

  • UK slams Argentine plan to seize Falklands oil driller assets Reuters - UK Focus - Mon, Jun 29, 2015 22:22 BST

    Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands (LSE: FKL.L - news) , after Buenos Aires said it would seek to seize the assets of drillers operating in region. On Saturday, a federal judge in Tierra del Fuego ordered the …

  • As financial markets worldwide await a weekend referendum in Greece on a bailout proposal by creditors, the debt saga could take a back seat on Tuesday as a lack of developments turns the spotlight on ...

  • Chevron, Shell win tender to supply Petroperu with 1.45 mln bbls ULSD Reuters - UK Focus - Mon, Jun 29, 2015 17:43 BST

    U.S. oil company Chevron Corp and Anglo-Dutch Royal Dutch Shell won a tender to supply state-run Petroperu with 1.45 million barrels of ultra low sulfur diesel (ULSD), Petroperu confirmed to Reuters on Monday. Petroperu launched a tender last week to buy five 290,000 barrel cargoes of ULSD for delivery beginning August …

  • Is This Why Gulf Keystone Petroleum Limited Spiked On Friday? Fool.co.uk - Mon, Jun 29, 2015 15:50 BST

    Today's news from Gulf Keystone Petroleum Limited (LON:GKP) could be very significant for shareholders, explains Roland Head.

  • Roland Head explains why Standard Chartered PLC (LON:STAN), Unilever plc (LON:ULVR) and Hunting plc (LON:HTG) could be great 'Grexit' buys.

  • Egdon Resources reaches agreement over Weald Basin farm out Sharecast - Mon, Jun 29, 2015 15:31 BST

    Hydrocarbons explorer Egdon Resources has reached an agreement with UK Oil & Gas Investments for the exploration company's Weald Basin petroleum licence PEDL143.

  • UK officials block key shale gas project in blow to industry Reuters - UK Focus - Mon, Jun 29, 2015 14:38 BST

    British local government officials rejected a fracking project in northwest England on Monday, dealing a blow to Britain's shale gas sector that is supported by Prime Minister David Cameron's government. Officials at Lancashire County Council spurned a planning application lodged by Cuadrilla Resources, saying the project …

  • Are You Ready To Pocket A 30% Return On Sound Oil plc? Fool.co.uk - Mon, Jun 29, 2015 14:38 BST

    Sound Oil plc (LON:SOU) is not an obvious investment case, but you should keep it on the radar after a strong performance since 2013.

  • Which of these oil and gas plays offers the most appeal? Petroceltic International PLC (LON: PCI) LGO Energy PLC (LON: LGO), Enquest Plc (LON: ENQ) or Ophir Energy Plc (LON: OPH)?

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