Of all the places you’d think of that were famous for oil companies — here’s betting Ireland wouldn’t be among them. It might be an Irish firm with a couple of African finds on its hands, but there’s nothing vapoury about Tullow Oil. It has gushed up the FTSE100 and set investors aflame but it doesn’t look like capping off any time soon.
Apparently, there’s oil beneath them thar distant, freezing and remote hills. We say apparently. There’s been prospecting there for years, but so far not a drop of the black gold. But if there is, Desire’s the one to watch.
Shell. Oil prices. What can you say? Is it Dutch, is it British? Who cares. It is massive. You simply cannot run an investment show without paying great attention to the edifice that is Shell. So here we are, paying attention to Shell. Go on, please….
(BP) is down in morning trade on the NYSE even though the company said it has stopped the oil leak in the Gulf of Mexico, nearly three months after the explosion of its rig. There is growing speculation that the energy giant could saddle potential buyers of its assets with lawsuits. Apache Corp (APA) may pay between billion to billion in cash for some of BP’s Alaskan assets, according to Bloomberg. Shares in the London-based company opened at .52, and have traded between .75 and .38 over the past 12 months.