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Enquest to re-develop UK's original oil field
News Shares in oil exploration firm Enquest jumped this morning after it upped production guidance after deciding to develop two new fields.
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Rockhoppper signs off Falklands campaign
News Rockhopper Oil, the Falkland Islands focused exploration company, is drilling the final well of its current campaign.
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Range and Red Emperor press on, despite sidetrack option
News Oil firms Range Resources and Red Emperor are pressing on with their plans to move the drilling rig on to the next proposed well site in the Republic of Georgia, despite a reassessment of seismic data on the suspended Mukhiani-1 well suggesting that a side-track well there could be worth a punt.
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Solo strengthens duet with Reef Resources
News Solo Oil's joint venture partner Reef Resources has secured additional funding through a private placing of shares, and this has triggered the second influx of funding from Solo to Reef.
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Parkmead falls as losses deepen
News Shares in independent oil and gas firm Parkmead took a tumble after pre-tax losses more than doubled for the year ended 30 June.
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Cosalt agrees to sell out to chairman
News The haggling over price between oilfield safety equipment provider Cosalt and its chairman, David Ross, is over, and judging by the share price reaction, the directors of the crisis-torn firm spent most of the negotiations bent over an oil barrel.
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Heritage down on Ugandan ruling
News Oil and gas firm Heritage Oil took a tumble on Thursday after a Ugandan tribunal ruled against it in its tax dispute with the Ugandan government.
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Caza Oil and Gas up on drill results
News Caza Oil and Gas, the Houston-based exploration company, says re-entry operations at its Caza McMillan #1 Well have been successful.
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Max Petroleum makes new Kazakhstan discovery
News Max Petroleum, the Kazakhstan focused oil and gas company, says test results show its ZMA-A19 development well may contain a reservoir of oil 28 metres thick.
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