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Hardy Oil and Gas, the India-focused commodities company, has announced both its Chairman and Chief Executive are to leave their positions. Paul Mortimore is stepping aside as Chairman while Yogeshwar Sharma, the current Chief Executive, will also stand down. Mortimore, who will remain a non-execu
Read moreHardy Oil and Gas said its PY-3 field in the south east Indian region was shut in pending management committee approval of the award of a contract for the field's floating production system. The oil and gas exploration and production company focused in India said it is working closely with all the
Read moreAn afternoon rally helped the FTSE 100 build on yesterday's strong start to the year and stay at levels not seen since the first half of 2008, well in advance of the global economic crash. The turnaround in fortunes was inspired by some strong US jobs data, with payroll processor ADP reporting a re
Read moreFootsie has scrambled back above 6,000 over the lunch time session though the blue-chip index remains slightly lower on the day. Miners remain a drag on the index, with the likes of Antofagasta, Anglo American, BHP Billiton and Kazakhmys falling back in line with softer metals prices. Retailers
Read moreThe FTSE 100 is firmly in the red after yesterday's strong gains amid weakness in the mining and retail sectors. With metals prices falling back following a strong run recently, miners such as Antofagasta, BHP Billiton and Kazakhmys are weak. Retailers are in focus, with Next one of the top riser
Read moreLondon has opened weaker, continuing the softer trend seen towards the end of yesterday's session with retailers and food groups under pressure. The snow lost Next an estimated £22m of full price sales in the run-up to Christmas - about 2.2% of the season's total sales - although the high street fa
Read moreIndia-focused Hardy Oil and Gas has plugged and abandoned the KG-D9-B3 well on its D9 (KG-DWN-2001/1) exploration licence. Hardy's second exploratory well in the Krishna Godavari basin on the East Coast of India drilled down 3,829 metres. There were gas shows of 6-9%, but tests suggests water gradi
Read moreHardy Oil & Gas non-exec Ian Bruce has invested £120,000 in the India-focused oil and gas explorer and producer's recent placing. Hardy raised £6.8m through a placing at 201p a share at the end of 2010. Bruce bought 60,000 shares. Bruce had invested £9,000 at 23p a share in September's rights iss
Read moreShares in Texan energy firm Caza Oil & Gas fell Tuesday morning after the group announced that the Marian Baker #1 well - in which it holds a 25% working interest before casing point - is waiting longer than anticipated to receive the Nabors Rig 4 from its drilling contractor Nabors Drilling USA.
Read moreAustralian coal miner Caledon Resources posted heavy losses in the six months to June 30 due to the strengthening of the Australian dollar, despite a recovery in coal prices. It posted a loss of A$7.1m, marginally less than the $7.7m deficit of the same period the previous year, as revenues slipped
Read moreMUMBAI (Dow Jones)--Reliance Industries Ltd. (500325.BY) said in a tender document on its website that it is inviting companies to develop and carry out production work at its coal bed methane and onshore exploration blocks. Reliance Industries controls CBM blocks located in the states of Madhya
Read moreLONDON (Dow Jones)--Hardy Oil and Gas PLC (HDY.LN), the oil and gas exploration and production company with interests predominantly in India, said Tuesday it has appointed William M Satterfield Technical Director of its wholly owned subsidiary, Hardy Exploration and Production (India) Inc, or HEPI.
Read moreProduction at Europa Oil and Gas's Hykeham-1 well, which lies on the PEDL150 licence near Lincoln, has been bafflingly low. 'To date, the well has produced only small volumes of liquid and some gas. This result is completely incompatible with both the wireline log and geological data from the well
Read moreIndia-focused Hardy Oil and Gas tumbled into the red last year and has said chief executive and co-founder Sastry Karra will step down at the end of the month. The oil company lost $7.9m before tax in 2009 compared with a profit of $12.4m a year earlier when it benefited from a one-off gain of $13m
Read moreCruise operator All Leisure Group pointed to the recession, currency movements and fuel costs as it posted a fall in pre-tax profits in the year to October 2009 to £2.6m from £9.1m the previous year as revenues climbed to £73.6m from £67.5m. Shares in Archial jumped after the UK and Asia-focused ar
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