Berkeley Engeria appoints former Rio Tinto boss
Berkeley Energia has named Rio Tinto veteran Nigel Jones as an independent non-executive director today.
Opinion: The changing face of national oil companies
The structural decline in oil price — with current prices at less than half of their 2014 peak — has triggered immense pressure for national oil companies (NOCs) to transform. Having developed along with the rest of the industry in an environment where maximization of production and hydrocarbon reserves were the key objectives, they have had to shift rapidly to targeting returns to their state shareholder. Simply put, the focus has shifted from volume to value.
Aberdeen-based Eland aims to raise £15m after tough year
Aberdeen-based Eland Oil & Gas this morning confirmed plans to raise between $14.5million and $19.5million through a proposed placing of new voting ordinary shares of 10 pence each in the company.
Renewable energy firm Good Energy raises £10m
Good Energy, an AIM-listed renewable energy supply and generation company, has received valid applications in excess of £10million for its second corporate bond issue.
Songa Offshore posts strong month thanks to Statoil
Songa Offshore recorded a strong fleet month in May thanks to its work with Statoil.
Oilex back to the drawing board
Oilex is headed back to the drawing board after disappointing returns from its latest workover programme.
Amec Foster Wheeler forms nuclear alliance
Amec Foster Wheeler today confirmed an alliance with Element Materials Technology, Tecnatom and TUV Rheinland to offer Equipment Qualification (EQ) and Materials Qualification (MQ) services for nuclear sites in the UK and Europe.
Touchstone Energy makes strong exploration strides
Touchstone Energy today reported a successful start to its exploration campaign.
Alaska Governor proposes end to oil and gas subsidies in bid to avoid gov shutdown
Alaska Governor Bill Walker proposed an end to oil and gas subsidies in a bid stop a government stalemate and swerve an impending shutdown.
Woodside confirms long-term LNG sale
Woodside Energy confirmed a long-term LNG purchase and sale agreement with Pertamina.
BP awards UK North Sea work worth £150million
BP has awarded two UK North Sea contracts worth £150million.
Cyprus rivals to hold new peace talks
The rival leaders of ethnically-divided Cyprus will hold new talks in Geneva this month, in a significant step forward that could see the final round of negotiations on a peace agreement to reunify the island.
Shell completes sale of its aviation business in Australia
Shell this morning confirmed it has completed the sale of its aviation business in Australia.
Union Jack ups stake in Wressle
Union Jack Oil has continued to up its stake in the Wressle-1 discovery and Broughton North Prospect, both located onshore in the UK.
Cluff “unlocks” new resource potential in Southern North Sea
Cluff Natural Resources (CLNR) this morning confirmed fresh seismic data had unlocked a new Southern North Sea play.
Ensco snaps up Houston’s Atwood Oceanics for $850m
Ensco said it will buy Houston’s Atwood Oceanics for about $850 million in a pairing of struggling deepwater drillers.
Amerisur’s South America tests show positive production signs
Amerisur Resources today said tests on its South American acreage had shown positive signs for future production.
Allseas wins AkerBP work
AkerBP has awarded Allseas a six year Transport, Installation and Removal contract.
Updated: Bentham Ventures mulls shareholder action against Petrofac
Bentham Ventures this morning said it was contemplating legal proceedings against Petrofac on behalf of its shareholders.
Statoil recommends new chairman of the board
Statoil's nomination committee has recommended Jon Erik Reinhardsen be elected the oil major's new board chairman.
Opinion: OPEC could learn a lot from Glencore’s Bunge jumping
Glencore PLC's designs on Bunge Ltd. have roiled the grain-trading world. Anyone with an interest in oil might also find it worthwhile to take a five-minute break from their OPEC vigil to consider this particular merger.
Statoil given green light for North Sea start-up
The Norwegian Petroleum Directorate today approved Statoil's latest North Sea start-up.
Trump proposes slashing Gulf royalty payments to Texas, other states
President Donald Trump wants the federal government to stop sharing oil and gas royalties from the Gulf of Mexico with Texas and other states along the Gulf Coast.
Updated: Ineos buys Dong Energy’s upstream business for $1billion
Dong Energy this morning confirmed it had sold off the entirety of its upstream oil and gas business to Ineos for $1billion.
Shell to sell $3bn stake in CNR
Shell is expected to sell its $3bn stake in Canadian Natural Resources(CNR).