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PetroNeft Resources finds new Russian well

Petroneft Resources, the Russia-focused oil company, says it has discovered a new oil well in Siberia, though it is not yet sure whether the well is c...

London close: FTSE 100 in strong rebound

London's leading share index closed pretty much where it started the day yesterday, staging an impressive recovery even as Standard & Poors' downgrade...

London midday: FTSE 100 climbs as stocks rebound

Stocks have been steadily moving higher and are now posting strong gains in spite of Standard & Poor's downgrade of Italy. The rise comes after the le...

London open: Markets cautious as debt crisis rages on

It was a flat start in London, as investors remained concerns with the escalating debt crisis in the Eurozone. In a fresh blow to the debt-stricken a...

PetroNeft makes first half maiden profit

Russia-focused oil and gas firm PetroNeft Resources made a maiden profit in the first half of 2011. Pre-tax profit totaled $3.79m in the period ended...

PetroNeft soars on new oil field discovery

Oil and gas explorer PetroNeft Resources had a major breakthrough after finding a new oil field at Sibkrayevskaya in Licence 61 in Russia, which it co...

First Derivatives non-exec pockets £550,000

First Derivatives non-executive director Michael O' Neill has pocketed £550,000 from the sale of shares in the Northern Irish provider of software ser...

Encouraging signs for PetroNeft

International oil and gas exploration and production company, PetroNeft Resources, announced proved reserves for economic development at its Kondrashe...