Commodities
Shell completes sale of New Zealand assets
Royal Dutch Shell has completed the sale of its shares in Shell entities in New Zealand to OMV for $578m.
Nostra Terra brings operations in-house with new Dallas office
Nostra Terra Oil & Gas enjoyed a boost on Friday after it opened a new permanent operations office in Dallas, Texas.
Panthera Resources' share price more than doubles on Galaxy partnership
Panthera Resources more than doubled in value on Thursday after the company formed a partnership with Galactic Gold Mines (Galaxy) on the Bhukia project in Rajasthan, India.
Trump lifts sanctions on Rusal; aluminum plunges
The US Treasury announced on Wednesday it would lift sanctions on the companies of Russian businessman Oleg Deripaska, including Rusal, sending aluminum prices down to a 16 month low.
China's CNOOC signs deals with western oil majors
China stressed its openness for trade on Tuesday as China National Offshore Oil Corp signed nine oil and gas deals with different firms including Royal Dutch Shell.
Asiamet Resources' drilling results imminent as external rigs hasten progress
Asiamet Resources reported on Tuesday that the initial results of its 4,500 metre drilling program at its flagship Beruang Kanan Main (BKM) copper project in Indonesia are due imminently.
Rockfire Resources identifies 'outstanding' results from dormant gold prospect
Rockfire Resources made gains on Tuesday after identifying “outstanding” past drilling results at its Kookaburra exploration licence in Queensland, Australia.
President Energy's new well to bring production up to 3,000 boepd
President Energy said on Tuesday that it has successfully drilled the third and final well of its drilling programme, completing the project on time and budget.
Commodities: WTI, natural gas futures clobbered
Commodity prices slumped with energy futures pacing losses amid reports of an unexpected build in US oil stocks, forecasts for warmer-than-usual temperatures, concerns around the outlook for demand as well as for the Greenback.
Ormonde Mining boosted as Spanish tungsten project remains on schedule
Ormonde Mining’s shares jumped on Friday as it told investors that development schedule at its 30% owned Barruecopardo tungsten mine has progressed in line with previous guidance.
Savannah lauds production of saleable quartz and feldspar products
Savannah Resources announced on Thursday that saleable quartz and feldspar products have been produced by ongoing metallurgical test work at its Portuguese Mina do Barroso Project.
BHP calls off sale of Chilean $320m copper mine
BHP Group called off the sale of its smallest copper mine in Chile after a potential buyer did not meet a financial deadline.
Pressure Technologies to offload alternative energy division for £11.1m
Pressure Technologies’ shares jumped on Monday after it agreed to sell its alternative energy division to Creation Capital Corp for a total consideration of £11. 1m.
Commodities: Prices bounce as OPEC+ cuts output, US dollar dips
Commodity prices rebounded at the end of the week, as the US dollar slipped following the release of a weaker-than-expected reading on US non-farm payrolls for the month of November and after the Organisation of Petroleum Exporting Countries and its allies announced that they had decided to cut their supplies.
Sound Energy drops after kick-starting Morocco well-drilling
Sound Energy dropped on Friday after it expressed little optimism as it commenced the drilling of the TE-10 well at its Tendrara project in eastern Morocco.
Commodities: Brent drops on lack of OPEC announcement, amid wave of risk aversion
Energy futures dragged on the entire complex after the Organisation of Petroleum Exporting Countries's ministerial meeting adjourned without a formal announcement to cut its combined output, pending a decision by Moscow.
Strategic Minerals boosted by Australian copper mineralisation
Strategic Minerals’ shares surged on Thursday after intersecting “significant” copper mineralisation at its Leigh Creek Copper Mine (LCCM) project in South Australia.
Oil price under pressure ahead of crucial Opec meeting
Oil prices slipped on Thursday as comments emerged from the fringes of the meeting of Opec oil-producing nations in Vienna on Thursday.
Commodities: Brent futures dip ahead of OPEC+ meeting
The energy space was in focus on Wednesday, ahead of the ministerial meeting of Organisation of Petroleum Exporting Countries and its allies scheduled for the following session.
Eco Atlantic Oil & Gas to commence drilling offshore Guyana in 2019
Eco Atlantic Oil & Gas confirmed on Wednesday that it will drill its first Guyanese exploration well at the Jethro-Lobe offshore prospect as part of its 2019 programme.