1. Share Talk

OIL AND GAS

21Mar 2017

The world’s deepest oil well

In the world’s deepest gold mine, workers will venture 2.5 miles (4 km) below the Earth’s surface to extract from a 30-inch (0.8m) wide vein of gold-rich ore.

12Mar 2017

Spain’s Repsol announces big Alaska oil find

The Spanish energy giant Repsol has struck oil in Alaska, in what it said was the biggest conventional oil discovery onshore in America in 30 years.

The group said that two wells it had drilled over the winter had identified potential resources of up to 1.2 billion barrels of light oil.

10Mar 2017

Oil majors reverse decade of stalled growth to beat supply crunch fears

Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo

Oil majors have long been passive watchers of the pump war between OPEC and U.S. shale producers, but not any more.

Majors were unable to grow output for the past decade even as oil prices soared above $100 per barrel due bad capital discipline and huge project delays.

The oil price slump since 2014 has prompted the world’s biggest oil firms to drastically cut costs but also to force contractors to make projects more efficient and extract the same amount of barrels for fewer dollars.

9Mar 2017

The Secret Wealth Of The World’s Richest Oil Billionaires

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.

As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil’s Petrobras and Malaysia’s Petronas. How they’re run varies wildly—as does where their wealth goes.

9Mar 2017

Will Exxon’s New $20 Billion Strategy Pay Off?

ExxonMobil, the U.S. energy giant, has taken some hard knocks in the last year: a staggering stock price, a massive de-booking, a lost AAA credit rating. But early in 2017, with new leadership and a new emphasis on domestic U.S. projects, Exxon’s fortunes may be improving, in no small measure thanks to its allies in the Federal Government and its growing investment in U.S. shale.

6Mar 2017

Anglo African Oil & Gas (LON:AAOG) Admission and first day of trading

Anglo African Oil & Gas Plc is pleased to announce the admission today of its ordinary shares to trading on the AIM Market of the London Stock Exchange (‘Admission’).  This follows the oversubscribed placing of 50,000,000 Ordinary Shares at a price of 20 pence per share, giving the Company a market capitalisation of approximately £10.6 million on Admission.

6Mar 2017

Anglo African Oil & Gas (LON:AAOG) IPO – Interview

Share talk spoke today with Alex McDonald Chief Executive Officer and David Sefton Executive Chairman of Anglo African Oil and Gas (AAOG). We talk about today’s Initial Public Offering listing on the AIM Market.

Anglo African Oil & Gas (AAOG) has negotiated the right to acquire assets located in the Republic of Congo (RoC). The company is listed on AIM and raise £9m in order to complete the acquisition and redevelop the near offshore Tilapia field which should significantly increase production in the near term.

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