Sterling looking to raise further funds
Oil and gas firm Sterling Resources said yesterday it was to raise up to £31.5million through a share issue.
gas firm
Ithaca on the lookout for new assets as profits jump
North Sea oil and gas firm Ithaca Energy raised reserve estimates yesterday as it revealed a jump in profits and said it was still scouting for new assets on the UK continental shelf.
Investors back Dana Petroleum acquisition
DANA Petroleum said yesterday that shareholders had unanimously approved its proposed £270million acquisition of Petro-Canada Netherlands.
Flexlife completes £1m hi-tech workload
ENERGY service company flexlife, of Aberdeen, has announced the completion of £1million-worth of work for clients in the North Sea using its patented scanning technology.
EnerMech secures £6m Apache contract
MECHANICAL service provider EnerMech, of Aberdeen, said yesterday it had secured a contract worth about £6million to provide crane and maintenance services for oil and gas firm Apache North Sea.
Centrica expands North Sea gas assets
ATTEMPTS by gas firm Centrica to reduce its exposure to volatile wholesale prices continued yesterday with a £22million UK North Sea acquisition.
Venture leaps on takeover speculation
SHARES in Aberdeen oil and gas firm Venture Production jumped yesterday as takeover speculation mounted.
Dana’s shares jump on East Rinnes oil find
Shares in Aberdeen oil and gas firm Dana Petroleum hit new highs yesterday after it announced another discovery in the UK northern North Sea.