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Serabi Gold corporate update video

Serabi Gold’s latest corporate update video from its Palito gold mine has been issued today and is available for viewing on its website at or at: At 1:05pm: (LON:SRB) Serabi Mining PLC share price was +0.01p at 3.63p Story provided by

Shell agrees sale of Norwegian downstream businesses

Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway will become a 50-50 joint venture with ST1. The sale is subject to regulatory approval and is expected to be completed in 2015. The transaction […]

Caza reveals strong results from Bone Spring

Caza Oil & Gas has announced two more strong results for the company’s Bone Spring programme with the first development well on the non-operated Marathon Road Property and the initial test well on the recently acquired and operated East Marathon Road Property. Marathon Road Property, Lea County, New Mexico: The Marathon Road 15 OB Fed […]

Bahamas Petroleum welcomes move on new regulations

Bahamas Petroleum Co is pleased that a new Petroleum Act and a suite of associated regulations to guide and govern oil exploration have been placed before The Bahamas parliament. In addition, as indicated by the Minister of Environment and Housing, a Sovereign Wealth Act has been proposed to provide the legislative framework to ensure that […]

TomCo receives tentative approval for extra permits

TomCo Energy said its Ground Water Discharge Permit (GWDP) and Construction Permit (CP) have been tentatively approved by the Utah Division of Water Quality (DWQ). The approval is another important step in the environmental permitting process and a requirement under Utah State law to take the Company’s Holliday Project into commercial production. The public consultation […]

IOG’s Cronx licence extended

The Department of Energy and Climate Change has extended Independent Oil and Gas’s Cronx licence by 12 months to 31 December 2015. The sale and purchase agreement has also been amended to allow completion of the acquisition by 30 June 2015. It remains IOG’s intention to complete the acquisition and to meet the licence commitments […]

FTSE up as rising resources eclipse falling financials

FTSE indices turned volte face and closed a higher as resurgent oil and mining stocks only just eclipsed falling financial and retail issues. A mild rebound in the price of crude helped the UK market and Wall St, which opened firmer. FTSE 100 closed up 4.65 points, or 0.07%, to 6336.48. FTSE 250 was up […]

Mining Sector: Alba and Regency buoyed by Horse Hill-1 estimates

Alba Mineral Resources (LON:ALBA) and Regency Mines (LON:RGM) were two of the sector’s biggest risers after they confirmed significant increased estimates at the Horse Hill-1 discovery. They said that that following the analysis and integration of subsurface data from the discovery well, the calculated estimates of the discovered most likely gross oil initially in place […]

Premier Oil downgraded by Exane

Exane BNP Paribas has downgraded its recommendation on Premier Oil (LON:PMO) to ‘neutral’ from ‘outperform’, highlighting that the company is the most levered to the oil price and that many of its projects will no longer break even at a LT oil price materially under USD80/bbl. The broker added that its previous upgrade was predicated […]

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Hedge fund manager Hugh Hendry: 'It felt like the sun rose only to humiliate me'

In a series of three short videos, Merryn Somerset-Webb talks to Hugh Hendry, manager of the Eclectica hedge fund, about everything from China to the US, Europe, and Japan.

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18 December 1912: Piltdown Man – the 'missing link'

One of the world's greatest scientific hoaxes took place today in 1912, with the presentation of human evolution's missing link to the Geological Society in London.