North Sea oil and gas minnow Orcadian Energy (ORCA:AIM) has seen its share price increase more than four-fold to 14.5p since mid-September.The big driver is a proposed farm-out deal on its Pilot project in the central North Sea (18 September). Orcadian has granted exclusivity on a provisional agreement with an unnamed operator until 30 November to allow all the details to be finalised,...

After a strong 2022 as energy prices surged in the wake of Russia's invasion of Ukraine, the UK's contingent of UK small and mid-cap oil and gas companies has endured a much more challenging time in 2023. Windfall taxes have taken a big bite out of profits and commodity markets have fallen back as fears of recession dampen demand expectations.Facing the prospect of an unstable and more onerous...