Energean shares surged 10.9% to 1,381p in early morning trading on Thursday following a 65% increase in revenues to $339 million in HY2 2022 against $205.5 million the year before. The energy company reported a 165% spike in adjusted EBITAX to $198.2 million compared to $74.7 million. Energean said its sparkling financial returns were underpinned […]

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The price of oil fell below $90 on Wednesday, dropping to $89.93 per barrel for Brent crude as demand fears sparked market volatility, fanning the flames of recession fears. Prices dropped to levels not seen since before Russia’s invasion of Ukraine, with the swing below $90 marking a far plunge from the commodity’s heights of […]

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SulNOx announced its new partnership with Rominserv on Wednesday, marking the company’s first large scale agreement with a major petroleum firm. Rominserv, which currently operates as part of the Romanian crude oil company Rompetrol Group, signed a Memorandum of Understanding (MoU) for SulNOx to initially review and advise on the use of its products within […]

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The price of oil suffered a dramatic fall on demand fears, with benchmark Brent crude dropping 3.2% to $92 per barrel. The move comes on the heels of the US Federal Reserve’s hawkish interest rates stance, with the latest positive jobs report adding fuel to the fire for Fed chair Jerome Powell to hike rates […]

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OPEC+ announced its intention to cut oil output by 100,000 bpd in its meeting on Monday. The organisation confirmed the reduction, which translates to 0.1% of international demand, for October this year, essentially rolling back its earlier adjustment of 100,000 for September. “The OPEC and Non-OPEC Ministerial Meeting noted the adverse impact of volatility and […]

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G7 finance ministers are reportedly set to shore up plans for a price cap on Russian oil, with the aim of kneecapping Russia’s revenues for its invasion of Ukraine, while maintaining crude flows to avoid additional spikes in price. The G7 members will be meeting virtually to discuss the implementation of plans to help mitigate […]

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Shell CEO Ben van Beurden is set to resign after almost a decade in the position, according to Reuters. Two sources close to the matter apparently told the news organisation van Beurden had shortlisted four potential candidates to replace him in the leadership role. Shell head of integrated gas and renewables Wael Sawan is said […]

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PetroTal shares soared 13.6% to 47.1p in late afternoon trading on Thursday, after the firm announced its seventh consecutive quarter of production growth. The company reported a record of almost $100 million generated in net operating income in Q2 2022, against $29.6 million in HY1 2021. PetroTal confirmed crude oil revenues of $118.4 million from […]

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Harbour Energy shares soared 10% to 473.6p in late morning trading on Thursday after the company announced a revenue and other income growth to $2.6 billion in HY1 2022 compared to $1.4 billion in HY1 2021. Harbour Energy linked its higher revenue to increased realised liquid and gas prices and rising production volumes associated with […]

The post Harbour Energy shares soar on $2.6bn revenue and $2bn EBITDAX appeared first on UK Investor Magazine.

The UK reported no fuel imports from Russia for the first time on record, according to the National Office of Statistics (ONS). The historic announcement marked a fall of £499 million from the monthly average for the 12 months to February 2022, after the UK government said it would phase out all Russian oil imports […]

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Deltic Energy shares dropped 4% to 3.6p in early morning trading on Wednesday after the natural resources firm announced a widened loss to £1 million in HY1 2022 compared to a loss of £691,754 the year before. The company reported a cash outflow of £2.4 million in the financial term against £873,064 in HY1 2021. […]

The post Deltic Energy loss widens to £1m in HY1 2022 on higher costs appeared first on UK Investor Magazine.

Energy bills are estimated to hit £5,038 per year in 2023, according to analysts at Auxilione. Experts said Ofgem would probably raise the price cap for the average UK household to the £5,000 mark from April next year. The news comes the same week that analysts at Cornwall Insight warned consumers to expect a price […]

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Petrofac shares dipped 0.3% to 114.8p in late afternoon trading on Thursday after the energy group reported a 23% HY1 2022 revenue fall to $1.2 billion against $1.6 billion the last year. The company highlighted 40% dive in its Engineering and Construction sector to $700 million compared to $1.1 billion in HY1 2021, linked to […]

The post Petrofac revenue falls 23% on lingering Covid impact appeared first on UK Investor Magazine.

Energy bills are set to exceed £4,200 in January 2023, according to a report by Cornwall Insight. The institute said its forecasts for the January Default Tariff Cap had grown by over £650, representing a price tag of approximately £4,266 for the average UK household. The bone-chilling shift represents a large step from previous estimations […]

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The FTSE 100 traded sideways in Tuesday as the impact of soft corporate updates were offset by stronger commodities companies and those with a focus on China. Standard Chartered, HSBC, BP and Shell gained helping the FTSE 100 outperform European peers on the day. The market was flat at 7,483.8, despite HY1 2022 updates from […]

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The FTSE 100 kicked off a quiet day of trading in the second week of August, with the blue-chip index gaining 0.6% to 7,487.6 in early afternoon trading as the market defied the cost of living crunch and gained closer to the breakeven mark. “The summer is supposed to be a quiet time for markets […]

The post FTSE 100 gains, Next targets £15m stake in Joules appeared first on UK Investor Magazine.

Diversified Energy shares rose 0.7% to 125.7p in early morning trading on Monday after the group reported an adjusted EBITDA growth of 48% to $224 million in HY1 2022 compared to $151 million in HY1 2021. Diversified Energy also confirmed a cash margin of 48% across the HY1 financial period. The firm highlighted a net […]

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OPEC+ has reportedly chosen to raise its oil output by 100,000 barrels per month in its latest meeting on Wednesday. The increase is set to cover a mere 86 seconds of international demand, and was described as “so little as to be meaningless,” according to Eurasia Group managing director for energy, climate and sustainability Raad […]

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The price of oil fell below the $100 mark ahead of the OPEC+ meeting today, with benchmark Brent Crude dipping to $99 per barrel. The market currently expects producers to keep a steady output, with little to no change in production as supply fears persist on the back of the Russian war in Ukraine. “There […]

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The FTSE 100 saw a sleepy session of trading on Tuesday, with the index rising 0.1% to 7,419.5 in early afternoon trading. The market dodged the panic across the Asian markets, however, US House Speaker Nancy Pelosi’s visit to Taiwan set off renewed alarm bells as geopolitical tensions flared. “The FTSE 100 was in consolidation […]

The post FTSE 100: BP profit soars as housing market outlook hurts housebuilders appeared first on UK Investor Magazine.

BP shares gained 3.6% to 406.7p in early morning trading on Tuesday following a reported strong Q2 for the energy giant, including an 85% surge in revenue to $69.5 billion. The oil and gas company noted an underlying profit growth to $8.5 billion compared to $2.8 billion year-on-year, driven by strong realised refining margins, strong […]

The post BP revenues soar 85%, $3.5bn share buyback announced appeared first on UK Investor Magazine.

The price of oil took a hit on Monday after China reported a manufacturing purchasing managers’ index result below analyst estimates of 49.0 from the expectation of 50.4. The price of Benchmark Brent Crude fell to $102 per barrel, with the soaring prices enjoyed by the commodity on the back of the Ukraine war starting […]

The post Oil prices fall to $102 on China manufacturing slowdown appeared first on UK Investor Magazine.

Shell shares rose 1.8% to 2,156.5p in early morning trading on Thursday after the oil giant announced a bumper $11.5 billion profit in Q2 2022, representing a 26% rise against its shattering $9.1 billion intake in Q1 2022. Shell reported an adjusted EBITDA of $23.1 billion, marking a 22% leap over its $19 billion figure […]

The post Shell profits hit $11.5bn, announces $6bn share buyback programme appeared first on UK Investor Magazine.

The FTSE 100 gained a 0.5% boost to 7,343.5 after a slate of positive results from the UK and US markets helped the FTSE 100 outperform European indices and US futures. “The FTSE 100 made some modest progress on Tuesday morning as earnings reports on both sides of the Atlantic turn from a trickle to […]

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The FTSE 100 closed up 0.1% at 7,196.2 on Friday, ending the week with a 0.3% gain over the past five days after the UK government saw a wave of resignations from the cabinet culminating in Prime Minister Boris Johnson’s departure. The market saw the price of oil climb higher, with benchmark Brent Crude trading […]

The post FTSE 100 closes higher after turbulent week for UK government appeared first on UK Investor Magazine.

Shell has seen its already impressive profits rise higher in 2022, with the oil giant reporting a tripled profit intake for Q1 and a higher dividend payout. The price of oil has surged to heights of almost $130 per barrel since the war in Ukraine kicked off in late February, and currently stands at $112 […]

The post Shell shares: is now the time to buy? appeared first on UK Investor Magazine.

ADM Energy shares were down 10% to 0.6p in late afternoon trading on Thursday, after the company announced a loss of £2.5 million in FY 2021, narrowed from £6.9 million in FY 2020. The energy firm reported a revenue surge of 125% to £1.8 million against £800,000 on the back of the recovering oil price […]

The post ADM Energy shares down on £2.5m loss, revenue surges 125% on oil prices appeared first on UK Investor Magazine.

The FTSE 100 was up 0.7% to 7,173.5 in midday trading on Tuesday, as the market continued to recover from its beating last week over fears of a rate hiking cycle that could push major economies into recession. A rally in oil prices pulled oil stocks higher, as the price of benchmark Brent crude recovered […]

The post FTSE 100 rises on energy stocks, grocery inflation hits 13-year record high appeared first on UK Investor Magazine.

Union Jack Oil shares were up 1% to 27.8p in late afternoon trading on Monday following a reported $7 million in net revenues achieved from the Wressle hydrocarbon development located within licenses PEDL180 and PEDL182 in North Lincolnshire. Union Jack Oil holds a 40% economic interest in the development, which has a current constrained flow-rate of […]

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Energean shares dipped 2% to 1,186p in late morning trading on Monday after the company reported the extension of its 2022 growth drilling programme by exercising its option to drill two additional wells with Stena Drilling Limited. The first well is set to target the Hermes prospect at Block 31 and is scheduled to spud […]

The post Energean extends 2022 drilling programme, completes KM-04 well ahead of schedule appeared first on UK Investor Magazine.

The FTSE 100 was up 1.2% to 7,276 in midday trading ahead of the US Federal Reserve’s interest rates decision today, with the market expecting a 0.75% hike in light of the latest US inflation data after CPI hit a 40-year record high of 8.6% in May. “Investors seem to have anticipated the US Federal […]

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Clontarf Energy shares declined 1.4% to 0.08p in early afternoon trading on Tuesday, after the oil and gas firm announced the completion of its Sasanof-1 exploration well located 207 kilometres north-west of Onslow, Western Australia. The well had been operated by Western Gas, who reported that the well was drilled by the Balaris MS-1 semi-submersible […]

The post Clontarf Energy plugs Sasanof-1 well, eyes alternative WA-519-P prospect leads appeared first on UK Investor Magazine.

Challenger Energy shares were down 12.2% to 0.1p in late afternoon trading on Tuesday, after the group released its work update for its assets across Trinidad and Tobago and Suriname for the balance of 2022 and preparatory work for 2023. The company said its main focus was to deliver near-term production growth in volumes sufficient […]

The post Challenger Energy kicks off work at Trinidad & Tobago projects appeared first on UK Investor Magazine.

Glencore was charged with seven counts of bribery linked to its oil operations by the Serious Fraud Office (SFO) this week, in a revelation which saw the mining giant fined an eye-watering $1.5 billion. The FTSE 100 company is set to pay $700 million for US bribery investigations, alongside $485 million contributed to market manipulation […]

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Arrow Exploration shares increased 20.8% to 16.3p in late afternoon trading on Wednesday, after the company reported six hydrocarbons bearing intervals at a total of 90 net feet of oil pay in its Rio Cravo Este-2 (RCE-2) well. The oil and gas firm commented that its Colombia-based project targeted a large, three-way fault bounded structure […]

The post Arrow Exploration RCE-2 well strikes 90 net ft oil appeared first on UK Investor Magazine.

Nostra Terra shares were up 11.5% to 0.7p in early morning trading on Monday, following an update that the company’s Fouke 2 well production rates had exceeded management expectations with a rate of 145 barrels of oil per day (bodp). The oil and gas firm said the production was 77% higher than its Fouke 1 […]

The post Nostra Terra Fouke 2 well exceeds expectations with 145 bopd appeared first on UK Investor Magazine.

Saudi energy giant Saudi Aramco officially overtook tech company Apple as the most valuable firm on the international market earlier this week. Aramco reported a market valuation of slightly under $2.4 trillion on Wednesday, as Apple dropped more than 5% during Wednesday trading with a current worth of $2.3 trillion. The Saudi oil and gas […]

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The FTSE 100 gained on Wednesday following a shock to the energy market after Russia suspended its gas flow to Europe through Ukraine earlier today, which saw the price of Brent crude rise to $105 per barrel. The supply loss sent scarcity fears surging across the market, with Shell shares rising 1.6% to 2,270p and […]

The post FTSE 100 rises on positive corporate results and strong commodities appeared first on UK Investor Magazine.

Nostra Terra announced that its Grant East #1 well, in the Permian Basin, West Texas, has reached total depth (TD) which sent shares to rise 7% to 0.68p in early morning trade on Monday. Nostra Terra is a global oil and gas exploration and production business with production and development assets in Texas. The group announced […]

The post Nostra Terra: Grant East #1 well reaches TD appeared first on UK Investor Magazine.

UK Oil & Gas (UKOG), a majority shareholder of Horse Hill Developments and operator of the Horse Hill Oil Project in the Weald Basin in southern England received a production permit from the Environment Agency on Thursday which helped boost the company’s shares by 25% to 0.14p. UK Oil & Gas stated that the Environment […]

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Shell shares were up 3.1% to 2,294.5p in early morning trading on Thursday, as the energy giant’s profits tripled on the back of surging oil prices. The escalating conflict in Ukraine sent the price of Brent crude to $110 per barrel, boosting Shell to a quarterly profit of $9.1 billion, its highest on record and […]

The post Shell profits triple to $9.1bn as oil prices surge appeared first on UK Investor Magazine.

The EU plans to invoke further sanctions on Russian oil on Wednesday as worrying developments in the Russia-Ukraine war led to a major shift in the EU’s view of its dependence on Russian oil. The European Commission recommended a new set of sanctions targeting Russian oil exports, banks, state broadcasters, and army officers to add […]

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Oil prices fall by over 1% on Monday morning Oil prices were down by over 1% during the morning session on Monday as negative economic data emerged from China highlighting the impact of the coronavirus pandemic on the economy. Brent crude was down 1.21% at $69.40 a barrel by 0857 GMT, while West Texas Intermediate […]

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News follows calls by White House on OPEC and its allies to raise its levels of oil output Goldman Sachs said the USA’s plea to OPEC+ to increase output is unlikely to bring about higher production levels in the short-term as the Delta variant remains a threat to demand. Earlier this week, the White House […]

The post Oil prices slide as Goldman Sachs says OPEC+ unlikely to raise production levels appeared first on UK Investor Magazine.

White House The US government has called on OPEC and its allies to raise its levels of output in a bid to keep rising fuel prices under control, as inflation in America reaches its highest yearly growth rate in 13 years. While OPEC+ has recently increased its production levels, the White House is calling on […]

The post White House calls on OPEC+ to act to keep fuel prices under control appeared first on UK Investor Magazine.

Brent crude has risen to around $70 per barrel after OPEC+ agreed to cut oil production Aramco, the Saudi Arabian energy giant, saw its profits surge by nearly 300% thanks to an increase in the price of oil as demand recovers across the world. The company, which is one of the biggest in the world, […]

The post Aramco profits rise almost four times boosted by increase in oil prices appeared first on UK Investor Magazine.

Brent crude oil is down by 2.26% to $71.64 per barrel OPEC and its allies have reached an agreement to increase oil supply in an effort to keep soaring crude oil prices under control. The group will now pump an additional 400,000 barrels per day each month during August, increasing output by 2m barrels per […]

The post OPEC+ reaches agreement over deal to increase oil supply appeared first on UK Investor Magazine.

Shell confirmed that higher oil prices have reduced debt burden Shell (LON:RDSA) announced on Wednesday its intention to increase shareholder payouts as the world economy continues on its path to recovery. The FTSE 100 company confirmed that, as of its Q2 announcement at the end of July, its will raise its dividend to within the […]

The post Shell to raise dividend on the improving outlook of the global economy appeared first on UK Investor Magazine.

Oil prices rise to a three-year high after countries fail to reach an agreement Opec+ have postponed a decision on whether or not to ramp up oil production as major players within the cartel have failed to reach an agreement on supply levels. The Financial Times reported that it is unclear when talks will start […]

The post OPEC agree to disagree providing challenge to inflation consensus appeared first on UK Investor Magazine.

Hurricane Energy Share Price The Hurricane Energy share price (LON:HUR) soared by 18.28% on Monday as Crystal Amber, the company’s main shareholder, raised its stake by just under 9% to 23.09%. It is a continuation of an outstanding run which has seen the company’s share price rise by 240.83% over the past month. However, despite […]

The post Hurricane Energy share price soars as activist investor applies pressure appeared first on UK Investor Magazine.

According to the BP Statistical Review of World Energy 2020, 14 countries hold in excess of 90% of the world’s oil reserves across the world. As a byproduct of this ownership, these countries are able to obtain significant amount of economic power and influence. Despite its crippling levels of poverty, Venezuela is the leading nation […]

The post Which countries have the largest oil reserves and why does it matter? appeared first on UK Investor Magazine.

Oil prices hovering around their highest price since October 2018 Attention will turn to the OPEC+ ministerial meeting on Thursday, as officials will discuss crude output levels and supply for the coming months. Giles Coghlan, Chief Currency Analyst, HYCM said: “Naturally, buyers will be trying gauge what’s in store next, after the bullish run we […]

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Analysts at Goldman Sachs believe that Brent crude oil could reach $80 The price of Crude oil has made further gains into this week, reaching its highest point in 32 months. With Brent crude oil at $71.47 per barrel in the early afternoon on Monday, the energy market is being supported by speedy roll-outs of […]

The post Crude oil prices reach highest point in nearly 3 years on strong demand in US appeared first on UK Investor Magazine.

Brent crude oil futures made it to $72.73 per barrel on Friday Demand for oil is expected to surpass pre-pandemic levels before the end of 2022, according to the International Energy Agency (IEA). The Financial Times reported that consumption fell by a record 8.6m barrels per day in 2020 as lockdowns were mandated across the […]

The post Oil prices at multi-year high with demand set to exceed pre-pandemic levels by 2022 appeared first on UK Investor Magazine.

Brent crude oil reached highest level since May 2019 Oil retreated having touched multi-year highs on Monday, as the eyes of investors turn to talks this week between Iran and other nations over a nuclear deal that could push supplies of crude oil. Brent crude oil was down by 0.9% to just over $71.20 a […]

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For the first time since May 2019, Brent crude oil reached $71.99 per barrel The price of oil has touched a new two-year high, as demand is rising while economies emerge from lockdown restrictions and producers keep supply restricted. For the first time since May 2019, Brent crude oil reached $71.99 per barrel, having steadied […]

The post Oil hits two-year high as producers keep supply restricted appeared first on UK Investor Magazine.

OPEC+ representatives agreed to move ahead with plans to release more oil to the market next month Brent crude oil surged past $70 per barrel for the first time since March on Tuesday. The news comes as OPEC+ stayed true to their plan of releasing more barrels of oil into an improving market. The benchmark […]

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Goldman Sachs restates optimistic outlook for oil The price of oil rose on Monday as the revival of the Iran nuclear deal appears to be at risk. The West Texas Intermediate composite is up 1.25% to $64.6796 at lunchtime in the UK, while the Brent crude oil composite is up by 1.34% to $67.492. Despite […]

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Brent crude futures fell to $64.78 The price of oil fell on Monday as Covid-19 cases surged India, one of the world’s biggest oil importers. Ahead of a planned increase in OPEC+ oil output in May, investors have now adjusted their positions. Brent crude futures fell to $64.78, down 2.01%, by 0900 GMT on Friday, […]

The post Oil prices fall as India’s battle with Covid-19 weighs on demand appeared first on UK Investor Magazine.

Advance Energy is focusing on oil and gas projects that can generate cash in the short-to-medium-term or where there is a short-term opportunity to increase their value. The Buffalo oilfield fits the criteria, and the company is acquiring a 50% stake in this field in this reverse takeover. Buffalo has produced oil in the past. […]

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India’s coronavirus death toll now stands at nearly 180,000 Oil prices slipped on Monday as rising cases of Covid-19 emerged across the world, leading to measures to tackle the pandemic being reinstated. The strong measures to curb the spread will have knock on effects on economic activity, including demand for oil. Having risen by 6% […]

The post Oil falls as rising Covid cases set to slow demand appeared first on UK Investor Magazine.

Oilex reduced its explorations costs by over 50% Oilex (LON:OEX) confirmed on Monday that the company made a post-tax profit for the six months up to 31 December 2020 of $418,881, up from a loss of $2,023,782 the year before. Oilex reduced its explorations costs by over 50% to $256,917, as well as its care […]

The post Oilex swings to profit appeared first on UK Investor Magazine.

BP Share Price BP’s share price surged throughout February and into March despite a slight retreat in the last few days. BP shares are now at 313.75p per share, up by 21% over the past 30 days from 259.1p. The oil and gas sector has generally experienced an upturn, helped in part due to a […]

The post BP Share Price: reaping the benefits of restricted oil output appeared first on UK Investor Magazine.

Opec and allies to restrict oil supply during April Oil prices have climbed to a 14-month high as Brent crude oil reached $67.85 per barrel today, its highest level since January 2020. West Texas Intermediate is up to $64.8 per barrel on Friday morning. The news came as Opec and its allies made the decision […]

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Oil at highest point since 2019 Oil has continued its recent resurgence despite a recent weak performance of the Chinese manufacturing sector. West Texas Intermediate (WTI) began February at $53.55 per barrel and finished the month $61.50, up early 15%. Brent crude oil started February at $56.35 per barrel and was valued $66.13 heading into […]

The post Oil shrugs off poor China manufacturing data to continue rally appeared first on UK Investor Magazine.

Oil reaping the benefits from economic optimism The only way is up for the price of oil as the commodity’s recent resurgence shows no signs of slowing down.  Brent crude oil was up at $64.62 on Wednesday, a gain of over 2% on the previous day’s close.  West Texas Intermediate climbed to $61.11 during the […]

The post Oil prices keep marching higher appeared first on UK Investor Magazine.

Oil price increase a sign the recovery is in sight Having reached an all-time low in April 2020 due to worldwide lockdowns, oil has climbed back to its pre-pandemic level. Brent crude oil was valued this morning at $60 per barrel for the first time since January 2020.  The news is a continuation of the […]

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The FTSE 100 traded largely flat on Friday as the market digested the latest instalment of jobs data from the United States. The FTSE 100 traded at 6,507, up four points just before the close on Friday afternoon. It has been a relatively quiet week for the FTSE 100 as traders remain cautious over continued […]

The post FTSE 100 finishes the week flat after US jobs report appeared first on UK Investor Magazine.

Oil continued its rally following a 2% jump on Tuesday after Saudi Arabia said it would be raising the price of oil for buyers in the US and Europe. Hopes of increased demand as economies reopened also buoyed prices. Both global and US crude benchmarks rebounded as President Joe Biden pressed ahead with the US […]

The post Oil rises to highest point for over a year appeared first on UK Investor Magazine.

Oil had a stormy year in 2020, plummeting to record lows during the near-global lockdown in the spring, before rapidly climbing towards the latter end of the year as travel restrictions were gradually loosened and vaccine optimism sparked a jump in demand. Earlier this week, oil rallied to an 11-month high with Brent Crude coming […]

The post Oil: An outlook for 2021 appeared first on UK Investor Magazine.

The price of oil has climbed on Tuesday morning against a weaker dollar, following yesterday’s announcement that Goldman Sachs expects Brent prices to reach $65 per barrel by this summer. A combination of Saudi Arabia’s decision to cut output and anticipation of a Democrat-driven stimulus check in the US has also boosted the commodity – […]

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After an OPEC meeting where Saudi Arabia agreed to reduce oil output, the price of oil has hit an 11-month high. In February and March, the world’s largest oil producer will reduce output by one million barrels a day. Following the news, the price of Brent Crude was up almost 1% to $54.09 a barrel. […]

The post Oil prices hit an 11-month high, boosting FTSE appeared first on UK Investor Magazine.

The price of crude oil plummeted on Monday as concerns mount over the rapid spread of a new strain of Covid-19, causing a mass travel ban between the UK and more than 30 other countries around the world as leaders fight to keep the variant from spreading. Known as VUI-202012/01, the new strain was first […]

The post Oil dives as new strain triggers travel restrictions appeared first on UK Investor Magazine.

The FTSE 100 was lower this morning as markets remain subdued amid Brexit concerns. The blue-chip index was down 16 points or 0.25% at 6539 at the start of trading, dragged down by the top fallers Intercontinental Hotels is the top faller and HSBC. The FTSE 250 was down 0.1%. After slumping 0.2% at the start of […]

The post FTSE, pound and oil fall amid Brexit concerns appeared first on UK Investor Magazine.

Hitting a nine-month high, the FTSE 100 finished the week at the front of the global equities pack, beating its Eurozone and US counterparts thanks to the continued recovery of Shell (LON:RDSA) and BP (LON:BP). Oil majors saw the UK index enjoy a happy Friday, rising 0.92%, to 6,550.23 – its highest level since the […]

The post FTSE rises as BP and Shell up >40% in 5 weeks appeared first on UK Investor Magazine.

Brent Crude and WTI oil prices fell on Monday, with the hopeful mood surrounding the latest OPEC meeting undone by unsettling disunity. The OPEC+ summit finished the day without a decision on whether to delay production increases, and the ensuing discomfort of commodities traders was reflected in price movements as the day progressed. Making its […]

The post Oil falls on OPEC deal loggerheads appeared first on UK Investor Magazine.

Trading platform, IG Prime, published a white paper laying out the views of 253 hedge fund managers, on which sectors are most likely to grow over the next twelve months. Within the 41-page document, titled ‘Hedge fund trends: Covid-19 vs the global financial crisis’, 73% of those surveyed said that health and pharma will increase […]

The post Hedge fund managers are divided over an airline recovery in 2021 appeared first on UK Investor Magazine.

Shock, the third Monday in a row where vaccine news push value stocks higher. Though underwhelming, the AstraZeneca (LON:AZN) vaccine trial results shoved long-suffering air travel, financial and commodities stocks higher, once again. Across the FTSE 100, air travel stocks led the way, with Rolls Royce soaring 7.60%, while IAG bounced around 5.50%. Meanwhile, mining […]

The post Air travel, financial and commodities stocks soar on AstraZeneca vaccine news appeared first on UK Investor Magazine.

The price of oil has hit its highest level since early September. As markets are optimistic around the vaccine news, the demand for oil should continue to increase if the vaccine is rolled out. Brent crude is up 1.67% at $45.71 per barrel, which is the highest price in nearly three months. “Positive sentiment continues […]

The post Oil prices: Brent Crude hits highest level since September appeared first on UK Investor Magazine.

After a harsh year for oil traders, in which some blue chip equities hit twenty-year lows, the short-lived enthusiasm for a COVID vaccine has seen oil prices slump once again at the end of the week. Speaking on Thursday, the IEA reiterated the sentiment of other sceptics, saying that, “It is far too early to […]

The post Oil prices fall again with demand not expected to recover until ‘mid-2021’ appeared first on UK Investor Magazine.

Having fallen during the week before last, global equities have since been spurred by the Joe Biden victory and Pfizer vaccine hopes. On Thursday, however, some of the good-feeling steam wore off, as investors greedily priced in potential upsides in the short-term. Choosing to be overly optimistic in the moment, markets are now watching equities […]

The post Global equities ran out of steam as vaccine and Biden jubilation fade appeared first on UK Investor Magazine.

Having cheered on the news of Pfizer’s (NSYE:PFE) vaccine candidate demonstrating 90% efficacy, global equities heavily priced in COVID challenges being overcome, and favoured pandemic casualties during trading on Tuesday. Leading the charge and at one point up by almost 18%, Lloyds finished up by 6.63%, up to 32.82p a share. Following close behind were […]

The post Global equities chase vaccine hopes: tech falls while oil, finance and airlines rally appeared first on UK Investor Magazine.

Pfizer and BioNTech have announced that their coronavirus vaccine was 90% effective in tests, which has caused global shares to surge. The drug companies have said that the vaccine was “found to be more than 90% effective in preventing Covid-19 in participants without evidence of prior Sars-CoV-2 infection in the first interim efficacy analysis.” The […]

The post Who are the winners & losers on latest Pfizer vaccine news? appeared first on UK Investor Magazine.

Lekoil shares (LON: LEK) are down almost 18% on Friday’s opening. The oil and gas exploration and production company published interim results for the six months ended 30 June 2020. Net loss widened from $2.7m last year to $7.9m. Lekoil said that the first six months of the year were “challenging” for the oil and […]

The post Lekoil oil shares down as loss widens appeared first on UK Investor Magazine.

BP (LON: BP) has reported an underlying profit of $86m (£66m) for the third quarter of 2020. Stronger oil prices led to a profit, beating analysts’ expectations of a $120m (£92m) loss for the three months ending 30 September. BP reported a record $6.7bn (£5.1bn) loss in the second quarter of the year. “BP’s future […]

The post BP beats analysts’ expectations and swings to profit appeared first on UK Investor Magazine.

It’s little secret that FTSE 100 oil stocks have been absolutely battered in 2020, and today’s share price drops seemed to add icing to the rather underwhelming cake. If you’re confused about why today in particular is significant, here are a few reasons why it might be so. Number 1: Sluggish oil price recovery Yes, […]

The post Three reasons why FTSE oil stocks are at their lowest since the turn of the century appeared first on UK Investor Magazine.

Shares at BP plc (LON:BP) have plunged to their lowest level since 1995, reaching a mere £2.10 on Wednesday and falling from its £5-a-share value at the start of 2020, just weeks after new CEO Bernard Looney warned of a major restructuring drive amid mounting fears about the role of the oil industry in the […]

The post BP shares dive to 25-year low amid climate crisis fears appeared first on UK Investor Magazine.

Europa Oil & Gas shares (LON: EOG) fell after the group announced its final results for the 12 month period ended 31 July 2020. Revenue for the full-year fell from £1.7m in 2019 to £1.2m in the 12 months to the end of July 2020, whilst pre-tax loss widened from £0.9m to £1.2m. Chief executive, […]

The post Europa Oil & Gas shares plummet as loss widens appeared first on UK Investor Magazine.

FTSE 100 listed oil and gas extraction company, BHP (LON:BHP), announced on Tuesday that it had agreed to acquire an additional 28% stake in the Shenzi oil field, in the Gulf of Mexico. The company stated that it had signed a Membership Interest Purchase and Sale Agreement with Hess Corporation (NYSE:HESS), to acquire the firm’s […]

The post BHP to acquire 28% stake in Shenzi oil field for $505mn appeared first on UK Investor Magazine.

Bahamas Petroleum Company (AIM:BPC) saw its shares lose the gains it earned the previous week, as its placing of 475 million new ordinary shares diluted the price. The company noted that the share placing had been a success, with £9.5 million being raised through shares issued at a price of 2.00p apiece. Bahamas Petroleum stated […]

The post Bahamas Petroleum shares drop 21% as it raises £9.5m through placing appeared first on UK Investor Magazine.

Construction, facilities management and supply chain services provider, RA International Group PLC (AIM:RAI) saw its shares spike on Thursday, as the company announced it had been awarded a ‘significant’ contract. The contract was signed with an undisclosed, ‘large’, ‘global’ construction firm with a focus on the oil and gas sector. It spans over a two […]

The post RA International shares rally 24% on ‘major’ contract win appeared first on UK Investor Magazine.

The Saudi state oil group, Aramco, shared its Q2 results on Monday – revealing a 73% dive in net profits. According to the group, the global pandemic has been a challenging period hitting all in the energy sector. Despite the difficult conditions, Saudi Aramco has proved resilience. Net profits from $24.7bn in the same period […]

The post Saudi Aramco is latest oil giant to be hit – profits plunge 73pc appeared first on UK Investor Magazine.

BP (LON: BP) has reported a record loss in its latest quarterly results. The oil giant reported a record $6.7bn (£5.1bn) loss as the Coronavirus pandemic led to a slump in global oil demand. The $6.7bn loss is compared to a $2.8bn profit for the same period a year earlier. As a result, the group […]

The post BP reports $6.7bn loss amid “volatile” trading environment appeared first on UK Investor Magazine.

UK-based hydrocarbon extraction company Egdon Resources plc (AIM:EDR) saw its shares rally on Monday as it announced the commencement of site works at the Wressle Oil Field Development. The works are the first of a number of stages, which the company anticipates will see it on track for ‘first oil’ during the second half of […]

The post Egdon Resources shares rally 8% as Wressle Oil Field works commence appeared first on UK Investor Magazine.

Following a torrid half-year that hit oil prices hardest, oil and gas extraction and production company Shell (LON:RDSA) saw its share price dip slightly on what was likely an already priced-in set of woeful half-year trading results. The company reported that income attributable to shareholders had flipped from an $8.99 billion profit for H1 2019, […]

The post Shell shareholders feel the pinch with earnings per share diving 310% appeared first on UK Investor Magazine.

Nest (National Employment Savings Trust), the UK’s largest pension scheme boasting a total of 9 million members, has pledged to pump £5.5 billion – almost half of its entire portfolio – into ‘climate aware’ investments, and aims to reach net zero carbon emissions across all of its stakes by 2050 by divesting from polluting projects. […]

The post Nest to inject £5.5bn into climate-friendly projects, decarbonise portfolio appeared first on UK Investor Magazine.

With March to May being a turbulent period for shareholders, June appeared to be the month where some semblance of usual service resumed. Though, while most companies began finding their feet again, most of their share prices were significantly below where they were at the start of the year, with a return to previous levels […]

The post Airlines, banks, oil and car companies among the most traded shares in June appeared first on UK Investor Magazine.

The Royal Dutch Shell PLC (LON:RDSA) share price has slipped by 2.34% just before lunchtime on Tuesday as the company warns that the historic slump in oil prices could reduce the value of its assets by as much as $22 billion. A tumultuous few months for the oil industry look set to have a lasting […]

The post Shell share price slips amid warnings of $22 billion slash to assets value appeared first on UK Investor Magazine.

Shale gas drilling powerhouse Chesapeake Energy Corporation (NYSE:CHK) has filed for bankruptcy, sending its share price down 7%. The Oklahoma-based fracking pioneer has racked up debts of $9 billion as well as a notorious reputation for its negative environmental impact – the company is ranked the 90th most polluting business in the world. Chesapeake has […]

The post Chesapeake Energy share price plummets as company files for administration appeared first on UK Investor Magazine.

BP plc (LON: BP) has announced the sale of its global petrochemicals business to London-based chemical producers INEOS. The $5 billion transaction of BP’s aromatics, acetyls and related commodities represents the “next strategic step” in reinventing BP’s portfolio. BP’s share price bounced a modest 2.57% or 7.82p to 312.42p at BST 10:41 in response to […]

The post BP share price bounces amid petrochemicals sale to INEOS appeared first on UK Investor Magazine.

Oil prices slipped below $38 per barrel on Thursday as US crude stockpiles swell and fears of a second wave of coronavirus mount across the pond. US benchmark West Texas Intermediate (WTI) dropped to $37.57 at GMT 12:30, having tumbled from a high of $38.46 during the early hours of the morning. Its decline was […]

The post Oil prices slip amid swelling stockpiles and coronavirus fears appeared first on UK Investor Magazine.

The UK’s annual inflation rate tumbled to a record four-year low to 0.5% in May this year, driven by falling fuel and clothing prices as demand dwindled during the height of the coronavirus pandemic. According to the Office for National Statistics (ONS), plummeting fuel prices – down 16.7% in May – pushed Britain’s Consumer Price […]

The post UK inflation slips to four-year low in May appeared first on UK Investor Magazine.

BP plc (LON:BP) is to slash $17.5 billion off the value of its oil and gas assets following grim projections of the impact of the coronavirus pandemic on global oil demand. Just last week, the company announced plans to cut up to 10,000 jobs by the end of the year, representing nearly 15% of its […]

The post BP to slash $17.5 billion off oil and gas assets appeared first on UK Investor Magazine.

Shares in Tullow Oil plc (LON:TLW) have nosedived on Thursday afternoon as the firm revealed that it had swung to a loss across 2019. Tullow Oil have seen a tough few weeks of trading, and the share price has seen a downward trend. The firm revealed today that following the publishing of their annual results […]

The post Tullow Oil swing to $1.7 billion loss in 2019 appeared first on UK Investor Magazine.

Black Monday offered volley upon volley of bad news for investors, with the worst dip in global equities since the financial crash, and the biggest Dow Jones dip in its century-and-a-half-long history. With Brent Crude diving by a third and the Dow shedding 2,000 points after the open, Monday offered little in the way of […]

The post Global equities lick their wounds after Black Monday appeared first on UK Investor Magazine.

Cairn Energy PLC (LON:CNE) have swung to a profit in their recently ended financial year – which rounds of an excellent year for the firm. The oil exploration firm noted that its’ strong production performance drove the update published today. Cairn said that their pretax profit totaled $119.5 million across 2019 – this sees a […]

The post Cairn Energy swing to profit across 2019 appeared first on UK Investor Magazine.

Today Brent Crude was down 7% to $46.25 per barrel, a $25 price cut from the first week of 2020, and representing its lowest price since mid-2017. This came on the back of fresh talks between OPEC and Russia, on potential production cuts, with Russia apparently refusing to agree to a deal. The effect this […]

The post FTSE hit as commodities stocks dip on Russia-OPEC loggerheads appeared first on UK Investor Magazine.

Premier Oil (LON:PMO) have seen their shares in red, despite the firm giving a relatively steady update on Thursday. Premier Oil told the market that it had seen a year of progress, however its’ profit levels had been bruised due to higher charges. The CEO noted: “2019 was another year of strong operational and financial […]

The post Premier Oil report lower annual profits following $757.9 million total costs appeared first on UK Investor Magazine.

Blue-chip oil extraction and refinement company Royal Dutch Shell (LON:RDSB) has long been known as a reliable sit and hold stock, but recently the company has been at the forefront of the Coronavirus-led commodities crash, with its share price falling at a rate not seen since the start of 2015. Value for money The company’s […]

The post 3 reasons it’s the best time to buy Shell shares since 2015 appeared first on UK Investor Magazine.

With the seemingly unshakeable Coronavirus working its way across Europe, the FTSE was the worst-hit casualty of a hauntingly bad session for global equities. After spending most of the last month behind its peers, the FTSE spent a few days leading the pack (in recovery mode), before blazing a trail in the opposite direction during […]

The post Coronavirus & commodities carnage knocks FTSE down to 12 month lows appeared first on UK Investor Magazine.

Reabold Resources PLC (LON:RBD) have said that they are looking to increase production across their operations in California. Reabold noted that it had seen success at the which lies within West Brentwood licence in California. This means that it has unlocked a new field with more running room than initially anticipated. The firm said: “VG-6 […]

The post Reabold Resources set to expand operations in California appeared first on UK Investor Magazine.

Egdon Resources Plc (LON:EDR) have updated the market on Wednesday on their first half operations. The oil and gas exploration firm said that production in the first half of its financial year had increased compared to the same period one year ago. Additionally, the current volumes of production has remained constant with guidance. Across the […]

The post Egdon Resources see interim output increase appeared first on UK Investor Magazine.

Weir Group PLC (LON:WEIR) have seen their shares jump nearly 7% despite the firm giving shareholders mixed annual results. The engineering firm noted that it had swung to an annual loss, due to an impairment charge it tase over its North American assets. The CEO commented: “North American oil and gas market conditions deteriorated significantly […]

The post Weir Group shares bounce 6% despite swinging to annual loss appeared first on UK Investor Magazine.

Oil prices have seen another spike on Tuesday morning, following slumps of almost 4% recorded on Monday. Concerns about the coronavirus are continuing to spread – and a few days back I was here writing about how it looked like the epidemic was under control. This turned out to be a call made too soon […]

The post Oil prices see slight recovery following bleak Monday, as coronavirus fears continue appeared first on UK Investor Magazine.

Tower Resources PLC (LON:TRP) have told the market that they are planning to spud the NJOM-3 well. This well is located on the Thali licence, which is in Cameroon. Tower have said that these operations are set to commence in June, however the date is still flexible as it could take longer than expected. The […]

The post Tower Resources set to commence spudding of NJOM-3 well in Cameroon appeared first on UK Investor Magazine.

Petrotal Corp (LON:PTAL) have reported a rise in reserves at the end of 2019, in an update on Tuesday afternoon. The firm also told shareholders that it had started to drill the Bretana 6H oil well in Peru. Looking at the firms oil reserves, Petrotal said that they saw a rise of 20% at the […]

The post Petrotal shares in green as oil reserves rise at end of 2019 appeared first on UK Investor Magazine.

Sound Energy PLC (LON:SOU) have seen their shares dive as the firm gave an update on its operations in Morocco. The firm said that it has not yet seen proof of funds from a private energy firm who agreed to buy its assets in Morocco in November. Sound Energy told the market that the deal […]

The post Sound Energy’s Morocco deal is put on hold appeared first on UK Investor Magazine.

Cleantech industrial oil re-refining group Hydrodec Group (LON:HYR) saw its shares fall during the Friday session, upon posting a disappointing set of full-year fundamentals. The Group’s EBITDA loss of $1.2 million for 2018 was almost tripled during the 2019 full year, widening to $3.2 million. This was partially led by a contraction in the company’s […]

The post Hydrodec shares dive 30% as full-year losses almost triple appeared first on UK Investor Magazine.

With the Chinese Communist Party ousting its provincial leader in Hubei, and the Coronavirus death toll going past 1,350 on Wednesday evening, equities recoiled once again. Markets were seemingly getting used to the idea of the virus, despite some experts predicting that 60% of the world will have contracted the illness before its day is […]

The post Coronavirus fatalities and secrecy drive down commodities and equities appeared first on UK Investor Magazine.

Kosmos Energy (LON:KOS) have agreed to sell liquefied natural gas to BP Gas Marketing Ltd, which is a subsidiary of BP PLC (LON:BP). The firm said that the liquefied natural gas will be sourced from phase one of the Greater Tortue Ahmeyim project, offshore Mauritania. The agreement will mean that BP takes 3.45 million tonnes […]

The post Kosmos Energy agree liquefied natural gas deal with BP Gas Marketing appeared first on UK Investor Magazine.

Oil prices have jumped on Wednesday morning following new developments to global affairs including an update on the coronavirus. China today reported that it had seen its lowest number of new coronavirus cases since late January, which seems to have struck investor and business enthusiasm. The jump in oil prices may mean that global businesses […]

The post Oil prices jump on coronavirus optimism appeared first on UK Investor Magazine.

The Dow Jones booked another session of impressive performance on Monday, but Tuesday’s winners were the European indices, displaying something of an unsubstantiated market rebound. Twittering Trump & Donald’s Dow Project POTUS Donald Trump offered his two cents on the performance of US stocks today – opting to blame the sluggish start on Powell’s unaccommodating […]

The post Is that a market rebound in your pocket? Or are you just happy to see the Dow open? appeared first on UK Investor Magazine.

Rockrose Energy (LON:RRE) have said that they will complete a 100% acquisition of the Cotton gas field in the UK. The Cotton Gas field forms part of the UK sector of the Southern North Sea, and the deal terms are yet be disclosed. Rockrose have signed a sale and purchase agreement to acquire Speedwell Energy […]

The post Rockrose continue strong start to 2020 with Cotton gas field acquisition appeared first on UK Investor Magazine.

BP plc (LON:BP) shares have jumped on Tuesday morning as the firm gave an update on their fourth quarter operations. The oil and gas major reported a fall in fourth quarter and annual earnings, as both oil and gas prices remained volatile in the quarterly period. Notably, this would be the last time Chief Executive […]

The post BP report fall in fourth quarter and annual earnings appeared first on UK Investor Magazine.

Egdon Resources (LON:EDR) have seen their shares spike on Tuesday after the firm noted it had partnered with an oil major. Shares in Egdon trade at 5p having spiked 2% on Tuesday. 21/1/20 14:21BST. Egdon told the market that they had partnered with Shell (LON:RDSB) on two UK gas discoveries. Egdon signed the exclusivity agreement […]

The post Egdon Resources announce UK discoveries deal with Shell appeared first on UK Investor Magazine.

Cairn Energy (LON:CNE) have seen their revenues surge in an impressive update to shareholders. The firm told the market that it had reached the upper end of production guidance in 2019, even after the guidance had been lifted mid year. Looking at individual operations for Cairn, the firm said that 2019 production in the Catcher […]

The post Cairn Energy hit upper end of production guidance as revenue grows appeared first on UK Investor Magazine.

Touchstone Exploration (LON:TXP) have told shareholders that they have received “extremely encouraging” results from testing of a well in Trinidad & Tobago. Touchstone Exploration Inc. is a Calgary based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. […]

The post Touchstone report “extremely encouraging” results in Trinidad & Tobago appeared first on UK Investor Magazine.

Anglo African Oil & Gas (LON:AAOG) have told shareholders that they have added a new investor to their portfolio on Monday. Anglo African said that Forum Energy Services Ltd (NYSE:FET) had taken a stake in the company, as shares jumped. Riverfort Global Opportunities PCC (LON:RGO) and YA II PN Ltd will be selling 84.0 million […]

The post Forum Energy invest into Anglo African causing shares to spike over 14% appeared first on UK Investor Magazine.

Nigeria-focused oil company Lekoil Ltd (LON: LEK) thought it had the cash to exploit its OPL310 project. It turns out that the funder was a fraud and it puts in question the prospects for Lekoil. An appraisal drilling programme is planned on the Ogo prospect, which is part of the OPL310 licence area, where Lekoil […]

The post Uncertain future for Lekoil after facility fraud appeared first on UK Investor Magazine.

Jub Capital wants to scupper the sale of the Congo oil and gas interests of AIM-quoted Anglo African Oil and Gas (LON: AAOG) to Zenith Energy (LON: ZEN). Jub does not want Anglo African to sell its interest in the Tilapia oilfield in the Republic of Congo to Zenith and agree a £500,000 facility from […]

The post Jub Capital seeks to scupper Anglo African Oil deal appeared first on UK Investor Magazine.

Multinational oil and gas producer Tullow Oil plc (LON: TLW) today saw analysts reaffirm their conservative stances on the Company’s stock, ten days on from the tumultuous departure of its Chief Executive. Speaking on the departure, interim Executive Chair Dorothy Thompson, stated, “Despite today’s announcement, the board strongly believes that Tullow has good assets and […]

The post Analysts react to Tullow Oil turmoil appeared first on UK Investor Magazine.

AIM listed independent, East Africa-focused natural gas company Wentworth Resources PLC (LON: WEN) issued a positive update and guidance report on Tuesday. The update told investors that it it was on target to be debt-free by January 2020, and that it also remained on track to fall within its full-year average daily Mnazi Bay production […]

The post Wentworth Resources remains ‘on track’ to clear its debt appeared first on UK Investor Magazine.

Oil and gas producer Enteq Upstream plc (LON: NTQ) saw its shares dip despite posting progress in its half-year financials. The Company saw its revenues jump 58% year-on-year to $6.5 million for the half year ended 30 September 2019, which led a 143% surge in its EBITDA, up to $1.5 million. However, Enteq also noted […]

The post Enteq Upstream dips despite 143% earnings hike appeared first on UK Investor Magazine.

It was a somewhat flat day for British performance indices. That isn’t to say that nothing happened, rather that performance indicators failed to deliver any kind of groundbreaking revelations one way or the other. BP posted a dismal set of results for the last quarter, which saw the day’s trading get off to a lulling […]

The post Pound positive despite likelihood of general election, FTSE slides on BP update appeared first on UK Investor Magazine.

Oil and gas exploration and development company Anglo African Oil & Gas (LON: AAOG) saw good financial progress during the first half, as it worked towards signing a rig contract for sidetrack drilling at the Tilapia licence. It told investors that it would be making efforts to sign the contract based on the prospect in […]

The post Anglo African Oil & Gas works toward Tilapia rig contract appeared first on UK Investor Magazine.

Oil and gas exploration and development company Chariot Oil and Gas Limited (LON: CHAR) saw its losses narrow due to a decline in its share based payments as it continued the developments of its ventures. The Company booked a loss from operations of £1.898 million, contracting from £2.028 million. This was led by a fall […]

The post Chariot Oil and Gas shares dip despite losses narrowing appeared first on UK Investor Magazine.

Energy-focused investment company Prospex Oil and Gas PLC (LON: PXOG) has seen its shares slide on Monday following a deepening of its first half losses. The Company booked first half net losses of £0.691 million, widening from £0.541 million year-on-year for the period. Prospex Oil and Gas did make some progress in its financial results, […]

The post Prospex Oil and Gas shares drop as losses widen appeared first on UK Investor Magazine.

Today state-owned oil producer Saudi Aramco spoke out on the drone strikes at its two oil installations on Saturday. The two projects process a combined 8.45 million barrels of oil per day and following the attack, the Company said some 5.7 million barrels per day would be suspended – over half of the country’s total […]

The post Saudi Aramco speaks on drone strikes at its oil installations appeared first on UK Investor Magazine.

Largely following on from yesterday’s trends, market indices struggled to recover from the tensions in the Gulf and ensuing oil price hike. As if markets hadn’t taken more than their fair share of beatings and uncertainty, the jump in Brent Crude not only makes day-to-day activities more costly (the arbitrary case) but the events in […]

The post Oil prices weigh on markets and feed precious metals rally appeared first on UK Investor Magazine.

Oil and gas project investment firm Reabold Resources PLC (LON: RBD) announced today that their West Newton A-2 appraisal well represents a far more significant discovery then they had previously anticipated. Reabold holds a 24% interest in the licence through its 36% holding in Rathlin Energy, who operate the well. After initially anticipating the site […]

The post Rebould Resources shares bounce on surprise oil discovery appeared first on UK Investor Magazine.

Oil and gas production company Eco Atlantic Oil and Gas Ltd (AIM: EOG) today announced the drilling of its Joe-1 well, its second exploration well on the Orinduik Block in offshore Guyana. The well was drilled on the 25th of August using the Stena Forth drillship, which previously spud their Jethro venture. Eco Atlantic estimate […]

The post Eco Atlantic Oil and Gas spud the Joe-1 well appeared first on UK Investor Magazine.

Argentina-focused oil and gas producer President Energy PLC (LON: PPC) posted increases in its sales and reduced bank site, alongside growth in average production, in a first half comparison on a year-on-year basis. Sales were up 7% compared to H1 2018, up to US $23.5 million, while adjusted EBITDA stood at $8 million. Additionally, the […]

The post President Energy posts sales and production growth appeared first on UK Investor Magazine.

Trinidad and Tobago focused oil exploration and production company Trinity Exploration and Production PLC (LON: TRIN) posted positive updates on average production and an operational update on its drilling programme. Trinity Exploration said that average production volumes for H1 2019 stood at 3,008 bopd, up 8.6% from the 2,771 bopd for H1 2018. For the […]

The post Trinity E&P issues production and operational update appeared first on UK Investor Magazine.

UK-focused oil producer Hurricane Energy plc (LON: HUR) announced that it will be hosting a Capital Markets Day presentation today in London today for sell-side analysts and institutional shareholders. The event will be hosted by Company CEO Dr Robert Trice and CFO Alistair Stobie. It will include presentations of data on the start-up process of […]

The post Hurricane Energy rallies on Capital Market Day and performance update appeared first on UK Investor Magazine.

Independent oil and gas exploration and production company IGas Energy PLC (LON: IGAS) seeks a new site and announces it could potentially drill two exploration and appraisal wells at its Weald Basin. The Company’s initial well would seek to test and evaluate the potential for commerical resources at both the Kimmeridge Mcrites and Portland Sandstones […]

The post IGas to seek new site and up to two exploration appraisals appeared first on UK Investor Magazine.

Oil and gas producing company Anglo African Oil and Gas (LON: AAOG) announced on Wednesday that it had received commitments to raise up to £8.25 million via a share issuing to fund its attempts tore-enter the TLP-103C well. The well is based at the Company’s Tilapia field in the Republic of Congo, and the Company […]

The post Anglo African Oil & Gas issue £8.25m share placement to fund oil production appeared first on UK Investor Magazine.

Leaders of OPEC member states meet in Vienna on Monday to decide whether to extend the deal which places a cap on oil production volumes. The deal was struck in December 2018 and enforces a cut on oil production by 1.2 million barrels per day. Extending the production curb In the lead-up to the talks […]

The post OPEC relations in jeopardy with latest oil supply talks appeared first on UK Investor Magazine.

Oil and gas producer Nostra Terra Oil and Gas plc (LON: NTOG) saw their losses narrow on-year with a growth in sales. However, the increase in revenues was offset by expenses, which easily weighed down profits. The Company’s outlook remains positive despite the surface-level headline being that Nostra Terra has booked a consecutive full-year loss. […]

The post Nostra Terra Oil and Gas losses narrowed by sales appeared first on UK Investor Magazine.

Oil shale company TomCo Energy Plc (LON: TOM) posted a loss for the first half as it developed its Utah prospect. The results were posted as the Company are soon to conduct a field test at its Utah venture, and the latest round of pre-tax losses amounted to £524,000, up from £209,000. The Company said […]

The post TomCo books H1 loss while testing Utah prospect appeared first on UK Investor Magazine.

Advanced materials group Versarien PLC (LON: VRS) has seen its shares spike during trading on Friday, following the Company’s announcement that it had secured its first graphene order. @versarien is pleased to announce that the Company has secured its first graphene order from a US based company, operating in the oil and gas exploration sector. […]

The post Versarien shares jump on graphene order appeared first on UK Investor Magazine.

Oil and gas producer Rose Petroleum PLC (LON: ROSE) has seen its share price jump on the release of its full-year financial performance and the announcement of new board appointments. The results The Company announced that they were able to narrow their margin of loss on-year, owing to spending reductions and favourable exchange rate movements. […]

The post Rose Petroleum shares spike on narrower loss announcement appeared first on UK Investor Magazine.

Oilfield services provider Petrofac Limited (LON: PFC) has said it expects its annual margins to be at the lower end of its guidance range for its engineering and construction businesses. Falls in on-year production The Company’s integrated energy division stated that it expected a fall in net production on-year, from 3.1 million barrels of oil […]

The post Petrofac shares dip with reserved guidance expectations appeared first on UK Investor Magazine.

Oil and gas exploration and production company Mayan Energy Ltd (LON: MYN) announced that its production volumes had been weighed down by a period of adverse of weather conditions. The Company said that its Texas assets had been limited during May, with gross mean average production of oil down to 131 barrels per day, and […]

The post Mayan Energy production hampered by adverse weather appeared first on UK Investor Magazine.

Tullow Oil Plc (LON:TLW) have announced a shift to an annual profit after a hike in revenues. The news has allowed the oil and gas exploration firm to reinstate its dividend for its shareholders. The latest round of results announced that the company had produced 88,200 barrels of oil per day, and this informed their […]

The post Tullow books profit and reinstates dividend appeared first on UK Investor Magazine.

Anglo African Oil and Gas plc (LON:AAOG) have announced they are to raise £6 million for expansion of their pre-existing operations and drilling into new geological features. The independent oil and gas firm base their operations in the Democratic Republic of Congo. They are planning to increase the output of existing wells in their Tilapia […]

The post Anglo African O&G to raise £6m for expansion appeared first on UK Investor Magazine.

Angus Energy (LON:ANGS), among other hydrocarbon suppliers, have seen their share price fall in morning trading but are optimistic about commercial flow tests of their new ventures. Angus Energy is an independent onshore hydrocarbon production and development firm, focusing on accruing and monetising assets in the UK. All of the company’s flow from the same […]

The post Angus Energy dips with suspension of well tests appeared first on UK Investor Magazine.

Shares in Angus Energy Plc (LON:ANGS) rallied on Wednesday as recent figures showed that its mid-day trading volume for shares stood at 137% of its average level. Angus Energy owns the Brockham and Lidsey oil fields and deals in the distribution of hydrocarbons in the UK, to third parties. The London-based company’s shares are reeling […]

The post Angus Energy shares rally with low RSI appeared first on UK Investor Magazine.

This article was originally published by Queen Mary University of London on the South Asian Politics Forum. Since his arrival in office in 2014, Narendra Modi has set about reforming the social and economic landscape of India, with his policies having mixed success in aiding economic development. While the earlier portion of his tenure was […]

The post India, Economic Planning and Hindu Nationalism appeared first on UK Investor Magazine.

Oil prices dipped yet again on Tuesday, but this time the fall was more like a plummet, as the 7.6% decrease saw Bent crude’s gains for 2018 wiped out and West Texas Intermediate logging its lowest price since October 2017, at just over $52 p/b. In Asia, Wednesday morning saw some recovery for oil benchmarks, […]

The post Trump sparks oil price dip as oversupply fears mount appeared first on UK Investor Magazine.

Faroe Petroleum (LON:FPM) are left disappointed after their latest offshore exploration leaves them empty-handed. The firm announced their failure to discover commercial volumes of hydrocarbons at its Rungne exploration site in the North Sea near Norway. The primary Oseberg formation’s only fruit was a water-bearing reservoir, and while the secondary Ness formation did bear a […]

The post Faroe Petroleum exploration disappointment appeared first on UK Investor Magazine.

Echo Energy Plc (LON:ECHO) has said that it has completed its programme of intervention for four wells at the Fraccion D project. The AIM-listed company follows their peers in operations expansion and acquisitions, with its four new wells in Argentina set to begin production in the near future. The first of its four wells has […]

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Amidst a period of growth for Iraq’s oil production, its success is now under threat because of political antagonism between domestic parties and outside influences. So far this summer, southern Iraqi oil production has increased by 40,000 barrels per day since July – which is statement of intent about trying to compete with the currently […]

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Frontera Resources Corporation (LON:FRR) have seen their share price rally by over sixty percent in Monday trading after announcing to investors that a potential deal is on the table with two industry majors. Talks are being held with firms the company has already announced arrangements with for non-disclosure and data exchange. Alongside further technical work, […]

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Cluff Natural Resources (LON:CLNR) said on Wednesday that it would raise 2 million GBP via placement and subscription of 95.2 million shares. The company said 80.5 million of the shares will be issued via placing and the remaining 14.7 million shares will be issued through the subscription. According to Cluff, the additional funds raised will […]

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The Russian government has agreed to sell its largest oil stake in Rosneft, in a bid to rescue its ailing economy. London-listed company Glencore and the Qatar Investment Authority (QIA) have agreed to acquire a 19.5 percent stake in the company for €10.5bn (£8.9bn). According to the deal, Glencore will supply €300 million in funding, […]

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