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NOPTue, 20th Dec 2016 09:05
Northern Petroleum has said that as part of a corporate review it may potentially sell its Netherlands asset portfolio. The news comes as the company announced plans to enter Canada and upgraded the resource estimate at a prospect in Italy. Potential sale of operations in the Netherlands The g
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* Dutch shale formations similar to UK's Bowland * Cuadrilla to drill three sites By Oleg Vukmanovic LONDON, Jan 15 (Reuters) - The Dutch arm of UK shale gas explorer Cuadrilla Resources plans to apply for three exploration drilling licences in July, when the results of a government study into the r
Read moreShell and its partners have started drilling the second of four oil wells in the Guyane Maritime Permit in French Guiana. Shell holds 45% in the Guyane Maritime offshore exploration licence along with Total (25%), Tullow Oil (27.5%), Northern Petroleum (1.25%) and Wessex Exploration (1.25%). The
Read moreSir Ron Brierley, a non-executive director of Guinness Peat Group (GPG) sold a massive chunk of shares in the investment holding company this week. The company announced on Friday morning that Brierley sold five million shares in the company at a price of A$0.475 (31.04p), earning himself around A
Read moreChairman of Northern Petroleum, Richard Latham, has purchased 5,000 shares in the company at 48.5p each, a statement revealed Friday. Latham now holds 967,477 shares - which equates to 1.01% of the issued share capital of the company - following the transaction Wednesday. Non-Executive Director, D
Read moreAIM-listed oil and gas explorer Northern Petroleum has plugged and abandoned its La Tosca-1 exploration well in Italy, saying that it wasn't economical to warrant further drilling. Drilling operations started on August 6th to evaluate the exploration potential of a gas prospect mapped from 3D seism
Read moreNorthern Petroleum has started drilling operations on the La Tosca-1 well, targeting a 43bn cubic feet of gross mean prospective resource gas prospect. The well is being drilled to evaluate the exploration potential of a gas prospect mapped from 3D seismic on the Longastrino Permit. The well is situ
Read moreNorthern Petroleum's 2011 results took their time arriving but were just about worth the wait, with earnings rising sharply. The oil and gas firm's adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) surged to €18.97m from €6.48m in 2010. Having made a tiny pre-tax loss
Read moreWilliam Humphries, Chief Executive Officer of Patagonia Gold, the Argentina-focused mining firm, has purchased 300,000 shares in the firm. The director bought the shares at an average price of 35.67p for a total of £107,010, taking his total stake in the company to 15,393,857 shares, representing a
Read moreAIM-listed Northern Petroleum has completed an extended well test of the Ottoland oil discovery in The Netherlands. The well was drilled in 2007 and hydraulically fractured in 2009. Permission was received to conduct the test using a jet pump device to assist the flow of oil. The firm hopes its a
Read moreNorthern Petroleum has sold its interest in the Vinkega gas field for around €3.2m, equivalent to about £2.7m. Northern said it considered that Vinkega was "not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone." The Vinkega gas
Read moreThe volatility continued heading into the weekend and stocks were nursing hefty losses at the close of play. The resignation of European Central Bank official Juergen Stark brought the Eurozone crisis into focus. Stark, a German, like many of his compatriots is unhappy about the Bank's policy of b
Read moreStocks have eased slightly as nerves set in ahead of this weekend's meeting of the G7 grouping of industrialised countries. Motor insurer Admiral is in the slow lane after saying it could see "a small proportion" of its profits put at risk under the government's plans to ban the payment of referra
Read moreA joint venture between Tullow Oil and Royal Dutch Shell has made an oil discovery at its Zeadyus exploration well, 150km offshore French Guiana. The Guyana Maritime permit said it has encountered 72m of net oil pay in two turbidite fans, and the results of drilling and sampling show "good quality
Read moreStocks held on to gains going into a long weekend, as Wall Street opened up higher. After a sharp rise in early trading, the Footsie maintained its level around the 5,930-40 mark for the rest of the day, helped by strong showings from the miners and the banks. Just seven stocks finished in the red.
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