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The year got off to a flying start for oil and gas services and equipment specialist Plexus when the company unveiled a new £800,000 contract for Brunei Shell Petroleum. The deal extends a previous two-year agreement with the
Full story...The priorities of South America-focused Amerisur Resources are similar in many respects to many of its peers right now. Most importantly, these include generating some cash flow from oil and gas production from its projects in
Full story...It is not only independent oil companies feeling the pinch as banks and other financiers tighten their belts in the face of some rather gloomy economic conditions. The sharp downturn in the global economy and the fall in world
Full story...The volatility we’ve seen in the oil price looks set to continue in 2009. With more than 50 per cent wiped off the price of oil in one year, geopolitical issues and a worsening economy continued to impact the oil price in the
Full story...Aussie explorer Oilex Ltd has been on the fund raising trail as it seeks to boost production from its Cambay field complex in India and other projects next year.
Full story...AIM-quoted Rift Oil has worked steadily through the year building up its gas reserves in Papua New Guinea. Indeed, this resulted in the declaration of a near tripling of unrisked mid-case prospective resources in its interim
Full story...There will be mixed feelings in the Afren camp this Christmas. Though the company is about to enter 2009 with record production, it has just lost its founder and chairman Dr Rilwanu Lukman to the world of Nigerian politics.
Full story...For those waiting on drilling news, it was probably not quite what they wanted.
Full story...The highs and lows of the oil price dominated market sentiment throughout 2008. OPEC ministers met more often and held more frequent consultations, as market conditions swept prices to record highs in the first six months and
Full story...US-focused Sefton Resources seems to have signed off the year on the right note after it pleased investors with a recent trading update showing field developments moving ahead at pace.
Full story...Northern Petroleum appears to be something of a rare thing these days, as one of few companies enjoying a share price surge late in the year. Shares are roughly half what they were in the summer, but on the up nonetheless since
Full story...The oil price held steady earlier this week on news that OPEC would cut production. Then we saw a surprising decline. The Ministers decision appeared to disappoint the market with announced cuts of 2.2 million barrels a day, to
Full story...Resaca Exploitation came to London’s AIM market on 17 July 2008, pretty much at the height of the oil shares boom.
Full story...After posting some positive results with the drill bit in Morocco lately, the focus for UK-listed Circle Oil now seems to have shifted elsewhere in North Africa.
Full story...It has taken a year and in the end Sound Oil’s Pasundan -1 well on the 4,400 sq km Citarum Production Sharing Contract ( PSC) onshore Java, Indonesia, has turned out to be a disappointment, if not a complete one.
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TOWER RESOURCES AND GLOBAL PETROLEUM LTD REACH AGREEMENT ON THE FUNDING OF DRILLING IN UGANDA EA5
