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News headlines May 17, 2012

World News Edition

News: May 17, 2012

Bid Speculation Mounts As Ophir Energy Racks Up Another Massive Gas Strike Offshore Tanzania

  East Africa’s position as the next LNG supplier to energy-hungry markets in Asia looks to have been cemented this week as further massive gas finds were struck offshore Mozambique...

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Features: May 17, 2012

Poweralternatives: Australia’s Wasabi Energy Looks To Turn Clean Tech Project Progress Into Clear Cut Profit

Australian clean technology company, Wasabi Energy Limited, is hoping it can turn around what has been a disappointing year so far in terms of stock market performance, through its positive actions...

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News: May 16, 2012

Chariot Oil & Gas Hits Dust At Tapir South

Chariot Oil & Gas took a hit last  Monday when its maiden well in the deepwaters off Namibia came in dry.  The shares plunged 50 per cent to 75 pence after the Tapir South wildcat,...

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News: May 16, 2012

CBM Asia Development Announces Partnership Deal To Advance Its Indonesian CBM Ambitions

CBM Asia Development does exactly what its name suggests – it is developing coal bed methane in Asia.  In Indonesia, to be precise, where huge coal reserves, favourable fiscal terms and...

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Features: May 15, 2012

Conference Report 2: Jacka Resources Hopes To “Do A Hardman” In Africa While TomCo Energy Eyes Oil Shale Prize In Utah

The management team behind Jacka Resources, which listed on the ASX in July 2010, has the kind of track record that takes some beating.  Chairman Scott Spencer and his team are ex-Hardman...

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Features: May 14, 2012

Conference Report 1: Australian Companies Target Energy And Tangiers Petroleum See Opportunities Near And Far From Home While BDO Highlights New Tax Advantage For UK Oil Companies

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Market Overview: May 11, 2012

Fears Of Weakness In Global Oil Demand Hits Prices

Concerns on the strength of global oil demand saw the oil price fall this week. This was the longest losing streak since mid 2010 with traders and investors looking elsewhere. Economic and...

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News: May 10, 2012

Tower Resources Withdraws From “Disappointing” Uganda As Attention Focuses On The SuperGiant Potential Offshore Namibia

It’s Ugandan adventures may not have yielded anything, with its most recent well     Mvule-1 being P&A after finding only trace hydrocarbons, but investors in Tower...

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News: May 10, 2012

Plexus Holdings Is Enjoying A Lengthening Order Book and API Accreditation

Industry recognition is a key, yet subjective, milestone for Aberdeen based oil and gas engineering company Plexus Group, and one that may only be visible in hindsight.  However, breaking into...

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News: May 09, 2012

Bahamas Petroleum Gets A Ballot Box Boost As The Progressive Liberal Party Wins Bahamian General Election

Oil companies are used to dealing with political risk.  It is part of life when you follow the hydrocarbons rather than geopolitics.  But is does make life difficult, particularly when it...

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