The Carlyle Group has bought Royal Dutch Shell's Gabon oil and gas assets as the private equity fund expands in the sector
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Parkmead's gas production acts as a natural hedge in this low oil price environment
SSE has said it will raise prices for domestic customers from 1 April 2017 by 6.9%, or £73 per year, following on from price increases by other energy providers
The G3-UHt unit has been at the centre of the group's plans to participate in the distributed modular gasification sector
"I am pleased to report on the solid progress that was made throughout 2016, with high levels of activity across the entire portfolio,” said Paul Welch.
The drill bit at Badile, near Milan, has reached the second casing point at 1,407 metres less than a month after work began.
Italy’s Ministry of Economic Development last February decided not to award Rockhopper a production concession for the Ombrina Mare field development.
Solo Oil chief executive Neil Ritson highlights that helium is a resource, that’s scarce and that the market needs new supplies of the gas.
The graphene and nanotechnology specialist has acquired businesses in Thailand and the US
It may seem a departure, but the acquisition consolidates Solo’s base in Tanzania, where it has investments in the producing Kiliwani North field and a quarter of the giant Ntorya gas-condensate discovery.
The UK shale gas firm now has planning approval for a new exploration well site, at the Tinker Lane location near Barnby Moor, North Nottinghamshire.
Of the 19 analysts logged as following Tullow by the Brokerforecasts site, 12 are in the ‘buy’ camp.
Successful wells have so far proved up some 6.6 TCF of contingent resources – which amounts to 1.94 TCF net to Falcon.
“Overall with significant progress on divestments already made it appears that Shell has reached the critical path of seeing gearing fall,” he said.
Managing director Dave Wall says 88 Energy is now entering an 'exciting phase' at its new shale discovery, on Alaska's North Slope.
“We are extremely pleased to announce the start of this drilling campaign, as well as the extension to the exploration period,” said Paul Welch, SDX chief executive.
The agreed production cuts have certainly helped the market, but there’s a difference between help and rescue
IGas is bringing in up to US$60mln of new capital and exchanging around US$112mln of debt for new shares.
It is a hugely dilutive move but will provide the reset need for Tullow Oil's balance sheet to support new investment in growth projects.
“We are now in the process of starting to unlock the inherent value in our asset base,” said chief executive Andrew Knott.
Barclay’s downgrades Bowleven to ‘underweight’ whilst noting that the shares now trade close to its new target price of 34p.
2016 was a big year for Haydale and broker Cantor Fitzgerald is expecting lots more positive news flow in 2017
“VOG continues to look forward to developing the Bomono project with Bowleven and will shortly be in contact with the board of Bowleven in this respect.“
AEG said it plans to build the first commercial-scale plant for its revolutionary biomass product
Worth a potential total of US$2.6mln over the initial four year term, Haydale expects annual revenue to average US$600,000.