By Martin Clark It has been the best part of a year since we last took a peak at Canadian-listed TransAtlantic Petroleum which, at that time, was seeing production numbers on the rise thanks to sustained drilling activity in Turkey, its core territory. This is still keeping the company busy but the benefits are there…
By Amy McLellan After a run of successful test results from its Wressle-1 oil find in the East Midlands Basin onshore UK, Monday brought a reality check for backers of AIM-quoted Europa Oil & Gas when the nearby Kiln Lane-1 well came back dry. This is the nature of exploration but it did dent the…
SINCE the turmoil of the Asian financial crisis in the late 1990s, South-East Asia has, with some glaring exceptions, enjoyed remarkable political stability. Its leaders have used that calm to promote greater integration of their club, the Association of South-East Asian Nations, or ASEAN. This was supposed to reach something of a climax at the…
By Amy McLellan Sound Oil, with its shares trading near 52-week highs, continues to escape the malaise enveloping the sector. The AIM-quoted company has impressed over the last two years for its consistency in delivering on its plans despite operating in Italy, a country better known for red tape and delay. Sound, which has a…
By Eithne Treanor The low oil price environment seems to be settling in for longer than the market anticipated as OPEC and non-OPEC producers continue to deliver oil to an over supplied market. Strength in the dollar also impacted the price slide this week and in early trading on Friday, Brent crude was priced below…
By Amy McLellan Good news for beleaguered North Sea oil producers this week as the UK Chancellor George Osborne, in his last Budget before the General Election, answered the industry’s call for urgent tax cuts. The Chancellor heeded dire warnings that without action the mature North Sea would enter a death spiral, delivering a package…
