Oil & Gas

Gold, Silver and Crude Oil

The Overall Fundamentals Gold and Silver Gold futures on the COMEX Division of the New York Merc rose Friday, as the falling equity market prompted players to buy Gold as a safe-have investment, as a stronger USD worked to limit the gain. The most active Gold contract for Dec delivery rose 2.00, or 0.1%, to [...]

Read More » No comment September 12, 2011

Tony Hayward leave’s TNK-BP board

11 Sept. 2011 (LTN) Former CEO of British Petroleum (NYSE:BP)Tony Hayward is set to leave the board of TNK-BP following the announcement that his investment vehicle Vallares PLC will merge with Turkey’sGenel Energy International Ltd, The Sunday Telegraph (London) reported, citing unnamed sources. Hayward is expected to inform BP of his decision in coming weeks, [...]

Read More » No comment September 12, 2011

Chevron, Eni and JX Nippon are interested in Iraq’s Nassiriya Oil field

11 Sept 2011(LTN)- US Oil giant Chevron (NYSE:CVX), Italy’s Eni and Japan’sJX Nippon Oil & Energy Co. have shown an interest in developing the huge Nassiriya Oil field in southern Iraq, a senior Iraqi oil official said Sunday. Abdul Mahdy al-Ameedi said the 3 companies have offered to develop the field which is holding some [...]

Read More » No comment September 12, 2011

Goldman sees the USA as # 1 Crude Oil producer in Y 2017

11 Sept 2011 (LTN) The US will soon become the World’s #1 Crude Oil producer, The Sunday Times (London) reported Goldman Sachs (NYSE:GS) as forecasting. US Crude Oil production should reach 10.9-M BPD by Y 2017, a 33% higher than 8.3-M bbls currently, the newspaper reported Goldman as saying. Russia, now the Top Crude Oil [...]

Read More » No comment September 12, 2011

Gold, Silver and Oil Trading Technical Report

The Overall Fundamentals Gold and Silver The precious metals complex advanced across the board with Gold and Silver outperforming PGMs. Look at Gold, the metal consolidated within 1800-1850 for most of the week before a grim US employment situation helped the price to break out above the range. This week comes various central bank meetings [...]

Read More » No comment September 4, 2011

Carlyle Group to IPO Dynamic Offshore Resources

Dynamic Offshore Resources, an Oil & Gas IPO Dynamic Offshore Resources Inc. is going to be an interesting IPO to watch. The company is a private Oil and Gas company that has received financial backing from Carlyle Group and Riverstone Holdings. The Company has recently filed to raise up to US$400-M by the sale of [...]

Sinopec NYSE:SHI Beats Despite Government Controls

Net income rose 12 percent to 41.17 billion yuan ($6.5 billion), the company known as Sinopec said yesterday. That surpassed the 36.02 billion-yuan median estimate in a survey of six analysts and PetroChina Co.’s 1 percent gain. Refining and marketing accounted for 62 percent of Sinopec’s operating income last year, compared with 19 percent for [...]

Undervalued Oil: Royal Quantum Group, Inc. OTC:RYQG

Royal Quantum Group, Inc. OTC:RYQG is a buy as Oil prices rise. Royal Quantum Group, Inc. OTC:RYQG (the “Company”) is pleased to update its shareholders on the company’s progress over the past months. The company’s first three wells drilled in Oklahoma continue their successful production rates as follows: The Bond #1 is producing at rates [...]

Anadarko Petroleum Corp. (NYSE:APC) Strikes Ghana Oil

Anadarko announces Light Crude Oil discovery off Ghana Anadarko Petroleum Corp. (NYSE:APC) said Tuesday it has discovered light Light Crude Oil in a well offshore of Ghana, increasing the resource potential of an area in which the Company has made other large discoveries. Anadarko has a 30.875% working interest in the West Cape Three Points [...]

ATP Oil & Gas Corporation NASDAQ:ATPG Upgraded

ATP Oil & Gas Corporation NASDAQ:ATPG has been upgraded to a strong buy with a 2012 price target of $21 issued today by Shayne Heffernan www.heffcap.com. The CEO T. Paul Bulmahn just added nearly $1 million worth of stock and two directors also made recent purchases totaling over $1.5 million. ATP Oil & Gas Corporation [...]

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Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …