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Sector movers: Oil stocks down with Brent at 16-month low

Tue, 09th Sep 2014 14:14

Oil and gas producers were among the heaviest fallers in London on Tuesday after Brent crude dropped to below $100 a barrel the previous session.Royal Dutch Shell was providing a drag on the sector, down 1.6%, while BP lost 0.7% and Tullow fell 0.4%Whilst slightly off the low of $99.36 seen on Monday - its weakest since 1 May 2013 - Brent was still trading below $100 at $99.86 on Tuesday afternoon, down 0.34% on the day. The price has now fallen 10.5% so far this quarter."Sellers continue to drive the price of crude lower in the face of building stocks and lower global growth prospects," said analyst Angus Campbell from Fxpro.Declines have been spurred after Monday's data from China showed a second straight monthly fall in imports in August, while figures on Friday indicated that hiring in the US slowed down to its weakest pace this year.Smaller companies in the UK-listed oil and gas sector were also under pressure in afternoon trade, including Aminex, Xplorer, 3Legs Resources, Solo Oil and Leyshon Energy.Top performing sectors so far todayBeverages 14,367.57 +0.97%Industrial Metals & Mining 1,384.38 +0.96%Oil Equipment, Services & Distribution 22,900.89 +0.79%Mobile Telecommunications 4,658.81 +0.75%Electronic & Electrical Equipment 3,760.89 +0.71%Bottom performing sectors so far todayElectricity 9,294.49 -1.37%Oil & Gas Producers 8,361.28 -1.02%Forestry & Paper 11,342.24 -0.94%Real Estate Investment Trusts 2,844.10 -0.87%Mining 17,168.04 -0.56%
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8 Nov 2019 14:52

Solo Oil Not Made Aware Of Investee Aminex's Tanzania Developments

Solo Oil Not Made Aware Of Investee Aminex's Tanzania Developments

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8 Nov 2019 13:28

Solo Oil blindsided by Aminex announcement on Ruvuma

(Sharecast News) - Gas-focussed production and development company Solo Oil noted an announcement from Aminex on Friday, with regards to the Ruvuma Petroleum Sharing Agreement, in which it has a 25% interest.

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9 Oct 2019 12:25

Solo Oil Buys ONE-Dyas's Package Of North Sea Assets For EUR32 Million

Solo Oil Buys ONE-Dyas's Package Of North Sea Assets For EUR32 Million

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27 Sep 2019 11:55

Solo Oil Loss Widens As General And Administrative Expenses Climb

Solo Oil Loss Widens As General And Administrative Expenses Climb

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23 Sep 2019 16:05

Solo Oil Hires New Finance Head And Operating Chief

Solo Oil Hires New Finance Head And Operating Chief

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22 Mar 2019 09:38

Solo Oil talks up new acquisitive growth strategy

(Sharecast News) - Solo Oil updated the market on its strategy on Friday, reporting that under the stewardship of its recently appointed and experienced board, it was seeking to assemble a "balanced, full lifecycle" portfolio comprised of production, development and exploration assets that provided a sustainable path for growth.

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11 Feb 2019 15:56

Solo Oil board pleased with turnaround progress

(Sharecast News) - Natural resources investment company Solo Oil issued a corporate, strategy, financial and operational update on Monday, reporting that it was in a "healthy" cash position.

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10 Dec 2018 14:42

Solo Oil pleased with progress at Kiliwani North

(Sharecast News) - Natural resources investment company Solo Oil welcomed an update from the operator of one of its investments on Monday.

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30 Aug 2018 08:20

UK Oil and Gas ups stake in Horse Hill Developments

(Sharecast News) - AIM-listed investor UK Oil and Gas has upped its stake in the Horse Hill oil discovery via a £4.5m acquisition of fellow AIM-listed firm Solo Oil's interest in the project's operator.

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29 Aug 2018 08:12

Solo Oil kicks off remediation work at Tanzanian interest

(Sharecast News) - London-listed forms Solo Oil and Aminex updated investors on their Tanzanian operations on Wednesday morning.

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23 Aug 2018 10:03

Solo Oil provides update on Tanzanian assets

(Sharecast News) - Natural resources investor Solo Oil provided investors with an update on the operational progress seen at its Tanzanian assets on Thursday.

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6 Aug 2018 14:55

Solo Oil raises £2.41m through firm and conditional placings

(Sharecast News) - Solo Oil has raised £2.41m before expenses, it announced on Monday, through a firm placing and conditional placing, with the board also planning an open offer to existing shareholders.

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3 Aug 2018 12:31

'Excellent' Horse Hill flow rate results impress AIM quintet

(Sharecast News) - Horse Hill's testing results at the Portland reservoir in the UK's Weald Basin on Friday implied equivalent rates of 401 and 414 barrels of oil per day, beating 2016 results.

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9 Mar 2018 10:36

Solo Oil Completes Deal To Buy 5% Horse Hill Stake From Primorus (ALLISS)

LONDON (Alliance News) - Primorus Investments PLC and Solo Oil PLC confirmed on Friday the latter's purchase of a 5% interest in Horse Hill Developments Ltd from Primorus

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16 Feb 2017 12:38

Solo Oil raises £2m to fund joint venture commitments

(ShareCast News) - Solo Oil announced on Thursday that it raised £2m before expenses through a company-sponsored placing of 400 million new ordinary shares of 0.01p, at a price of 0.5p per placing share, representing approximately 5.7% of the issued share capital prior to admission of the placing sh

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