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The gloomy state of the economy took centre stage as higher than expected jobless figures from the US shocked the market. Oil demand is still low and real signs of recovery remain distant. The US market is closed on Friday but in
Full story...More than thirty years after nationalisation and four years after the post Saddam Hussein government came to power in Iraq, the government there is throwing open its doors to companies to come in and develop the country’s
Full story...Six months ago, privately-owned E&P Midmar Energy told oilbarrel.com of its plans to divest its two producing oilfields in the south of England in order to expand the business internationally. That goal has now been achieved,
Full story...The early sell off we saw this week was short-lived and oil re-gained strength by Friday. Attacks in Nigeria disrupted supply and the talk in the market is now questioning if those “green shoots” of recovery were actually weeds.
Full story...Just as E&Ps operating in Europe increasingly like to have a market-friendly gas storage project on their books, companies working in North America like to have some oil and gas shale potential in their portfolio. AIM-quoted
Full story...Last week research led by the Met office forecast that London could have summer temperatures up to 40 degrees C by 2080. The report said that flooding, storms, droughts and heatwaves are all to become more common as a result of
Full story...Northern Petroleum is a regular and popular presenter at oilbarrel.com conferences but this time it was exploration and technical director Graham Heard who took to the stage rather than MD Derek Musgrove. The AIM-quoted company
Full story...With a name like Lenigas, it would be churlish not to set up an oil and gas company. That, at least, was the view of David Lenigas, chairman of Leni Gas & Oil plc, which joined AIM in March 2007. Lenigas was the first speaker at
Full story...The world seems to be in waiting for the economic recovery with oil prices “stubbornly” holding up despite the fundamentals. The talk on the street now is about when and not if the recovery kicks in. No one can give us any
Full story...Caza Oil & Gas, which is quoted on the Toronto and London AIM exchanges, is a US based exploration company. Its activities are focused on low risk exploration and exploitation in Texas, New Mexico and Louisiana. In Louisiana
Full story...The oil market kept an optimistic outlook this week with a combination of stronger economic news and a fresh forecast from the International Energy Agency. Having hit a new 7-month high above US$73 this week, the oil price fell
Full story...Integrated energy company Maple Energy, which is listed in London and Lima, has sold off its loss-making 17.5 per cent interest in Aguaytia Energy, a gas-to-power joint venture in Peru, to Duke Energy for US$21.6 million in cash.
Full story...It’s an interesting commentary on how energy security has grown as an issue to count how many E&Ps now have a potential gas storage project on their books. In the UK, there was Egdon Resources (which successfully IPOed its gas
Full story...Just eight months after its September 2008 debut on AIM, San Leon Energy has completed its first acquisition. The company announced the acquisition of Gold Point Energy Corp in February 2009, adding some interesting near-term
Full story...The oil price held strength this week as it hit a seven month high, shying away from US$70; a price not seen since last November. Global economic indicators are looking more positive, the stock market is holding up well and the
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Successful Completion of New Convertible Bond Issue and Information on Issue of New Shares
