Former Shell CEO talks up benefits of listing in New York
International oil companies listed in the US benefit from higher multiples, greater access to capital and a friendlier investor base, according to Shell Plc’s former chief executive officer.
London Stock Exchange
‘Current share price doesn’t reflect’ value of Ithaca, claims chairman
Subdued commodity prices and the UK’s tax system are being blamed for Ithaca Energy’s (LON: ITH) perceived undervaluation.
Big Oil’s divergent strategies leave European majors trading at large discounts
Values – according to the rather twee maxim - are like lighthouses; they give direction, meaning and purpose.
North Sea operator Ithaca Energy promoted to FTSE 250 index
Ithaca Energy (LON: ITH) is to join fellow North Sea operator Harbour Energy (LON: HBR) on the second rung of the London Stock Exchange’s index.
Russian gas giant Novatek to delist in London
Novatek (LON: NVTK), Russia’s second largest gas producer, has announced plans to delist from the London Stock Exchange (LSE).
Shell sets new record as annual profits more than double to $40bn
Shell (LON: SHEL) has hit a new all-time earnings high after the supermajor more than doubled its year-on-year profits.
Updated: Orcadian raises £500k to progress North Sea Pilot field
North Sea operator Orcadian Energy (LON: ORCA) has successfully raised £500,000 by means of a share placing on the London Stock Exchange.
‘Historically low valuations’ could open up BP to an M&A bid, says investor
“Historically low valuations of UK companies”, including oil giant BP (LON: BP), could make them “potentially-attractive takeover targets”, asset manager M&G has claimed.
Serica Energy backers approve Tailwind takeover
While the acquisition has secured enough backing to move forward, there is still a sizeable chunk of shareholders who opposed it.
Serica backers readying for crucial vote on Tailwind acquisition plans
Investors in Serica Energy are preparing to head to the metaphorical ballot box to vote on the company’s planned acquisition of Tailwind Energy.
Windfall tax has sent North Sea ‘investor confidence to an all-time low’, says Neptune boss
A senior figure at Neptune Energy says the UK Government’s energy profits levy (EPL) has sent North Sea “investor confidence to an all-time low”.
Serica minor backer voices ‘unmitigated disgust’ over Tailwind deal
A minor shareholder in Serica Energy (LON: SQZ) has written to the company’s chairman to vent his “unmitigated disgust” over the planned acquisition of Tailwind Energy.
Hurricane board to stay on after activist investor backs off
Hurricane Energy’s (LON: HUR) top brass are to remain in charge after being given a stay of execution by the company’s top backer.
Capricorn makes Palliser nominees an offer ahead of vote
Smith noted the opposition from shareholders to the Tullow merger. “The message from shareholders was that there was a preference for cash returns over long-term delivery. We listened to that and [the NewMed deal] offers a lot of cashback, while also being energy transition led.”
Surge in energy stock helps push FTSE 100 to two-month high
The FTSE 100 has jumped to a more than two-month high despite a new Organisation for Economic Co-operation and Development (OECD) report casting an unmissable shadow over the UK's economic prosperity.
Reabold shareholders vote to stick with company’s board
Shareholders in Reabold Resources have put their faith in the North Sea firm’s board to deliver on their promises, snubbing an attempt to replace them.
Watch: Boxing legend Amir Khan urges shareholders to deliver knockout blow to board of North Sea firm
A rebel investor group - that is hoping to oust the board of a North Sea oil and gas company - has secured backing from an unlikely supporter.
Ithaca Energy hopes IPO will be North Sea investment ‘turning point’
A top boss at Ithaca Energy (LON: ITH) hopes the company's initial public offering (IPO) in London will mark a “turning point” for investment in the North Sea.
Reabold bosses pledge to ‘start addressing’ low share price ahead of crunch vote
Bosses at Reabold Resources (LON: RBD) have pleaded with shareholders to “stick with” them ahead of a crunch vote next week.
‘No Reabold without us’, say company bosses ahead of crucial shareholder vote
Bosses at Reabold Resources are fighting their corner ahead of an upcoming showdown with a minor shareholder group aiming to replace them.
North Sea operator and Cambo owner Ithaca Energy nearing listing in London
Ithaca Energy is putting the final touches on proposals for an initial public offering (IPO) on the London Stock Exchange.
City veteran Spencer helps Deltic raise £15m for North Sea exploration
Deltic Energy (LON: DELT) has successfully raised £15 million to finance its ongoing operations, as well as further North Sea exploration.
Ithaca Energy IPO slated for second half of 2022, Isabella appraisal drilling imminent
A rough timeframe has been given for North Sea operator Ithaca Energy’s planned IPO in London.
BP and Shell shares hit pre-pandemic levels as oil climbs
A recent swell in oil prices has driven the valuation of oil and gas giants Shell and BP to levels not seen since before the pandemic.
Clean Power Hydrogen shares plans to float on London Stock Exchange
UK-based firm Clean Power Hydrogen (CPH2) has announced its intention to float on the London Stock Market.