Master Investor

By Stewart Dalby Time was, back in 2013, PetroNeft Resources, which is a Russia focused E & P, gave up making production forecasts. It only seemed to get them into trouble. Output from its Lineynoye and Abuzovskoye fields on its flagship Licence 61 in the Tomsk Oblast in Siberia stalled at less than 2000 bopd,…

By Amy McLellan Sound Oil is gearing up for a big year. It has now received final approval of the EIA for the Nervesa field production concession from the Veneto Region in Italy. The award of the Nervesa field production concession from the Italian Ministry of Economic Development is expected to follow shortly, paving the…

By Eithne Treanor It was another week of volatility on the oil market as OPEC said its March oil output increased. Saudi Arabia continues to pump more oil and while the price is finding some sense of stability, the uncertainty continues. In early trading on Friday, Brent crude was priced around US$63 a barrel with…

By Amy McLellan AIM-quoted Enegi Oil, which is focused on developing marginal oilfields using unmanned buoy technology, has signed collaboration agreements with Olso-listed Kongsberg Maritime and Braemar ACM Shipbroking. These are the first members of the company’s planned consortium to deliver its marginal field initiative, with Kongsberg providing its remote control and monitoring technology for…

By James Tuckett, Co-founder and CEO of investUP, the crowdfunding supermarket Massolution’s global crowdfunding report reveals a complete picture of overwhelming optimism. Looking at over 1,250 different crowdfunding sites worldwide, the report estimates that crowdfunding platforms raised over $16.2bn globally in 2014, and predicts that crowdfunding will raise $34.4bn in 2015. That’s pretty heady stuff…

By Amy McLellan After several years of hiatus, Argos Resources is set to spin the drillbit on its acreage in the Falkland Islands. The AIM-quoted company has secured rig time in the current multi-well, multi-operator campaign by striking a deal with Noble Energy and Edison, which decided to rejig their drilling timetable in the waters…

By Martin Clark Albania has been fruitful ground for Canadian junior, Bankers Petroleum, which has built up a solid production base from its world class heavy oil assets there.The TSX-listed group is currently getting to grips with a tricky situation, however, after initiating its emergency response plan on April 1 following an unexpected release of…