“Between a US onshore supply base that refuses to lie down, political rhetoric that feels ever more invasive and a cartel whose objectives and direction seem increasingly riddled with contradictions, our conviction in direction is not strong”
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Echo's new managing director will be supported by outgoing chief executive Fiona Macaulay
The next well in Sound's new exploration programme is located around 25 kilometres northeast of what will become the Tendrara production area
Ceres Power has six collaborative partners including Weichai Power, Bosch, Cummins, Nissan, Honda and another undisclosed company.
Thames Water saw its underlying pre-tax profits nearly halve to £67.7mln, down from £129mln a year earlier, as revenue fell to £1.0256bn from £1.0428bn
"We are delighted with the initial test results at the Ubima-1 well and the flows from the E1000/E2000 reservoirs,” said George Maxwell, Eland chief executive
Faroe told investors that the deal “provides better portfolio balance” without any material change in its underlying reserve base
Having recently completed its farm-out to Total, the AIM-quoted explorer is now fully funded for new drilling in the Orinduik block offshore Guyana where in 2019, it hopes to have at least two wells replicate the big successes experienced nearby by Exxon
The oil and gas investment firm said the Sierra deal would likely close during the first half of 2019
UBS sees the possibility of a takeover bid for Centrica after rumours of foreign interest in the firm emerged last year
The oil and gas engineer believes this contract win strengthens its position as a major midstream player
Farm-out deals and new opportunities are anticipated over the coming months
"This is a major strategic milestone for Ceres,” said chief executive Phil Caldwell
The company has inked a 15-year agreement with the State of West Virginia to formally kick off a programme of well decommissioning
Exxon has now made its tenth oil discovery within the Stabroek Block, which is adjacent to Eco's Orinduik exploration area
The acquisitive oiler has told investors that financial results for 2018 will be ahead of previous expectations
The oil major also said it intended to link the targets and other measures to its executive remuneration policy
“Ceres confirms discussions with Weichai are ongoing and a further statement will be made in due course,” the company said.
The Saudi-based rigs cost US$92.5mln with nine currently under contract and an order backlog of US$78mln
The British power producer said last month’s decision on the UK capacity market scheme had put at risk payments to plants it is buying as part of the deal and that it had agreed a risk-sharing scheme with Iberdrola as a result
“As evidenced by our financial performance for the month of October, we have a highly profitable business underpinned by a healthy financial position."
“This marks the beginning of exciting times for the Great Northern Peninsula. As Timberland's plan unfolds, with it will come jobs and investment that will benefit communities in our region and the province.”
"We are frustrated by this turn of events, especially as we complied fully with all environmental and planning regulations in applying for and subsequently receiving the site survey permission,” said Tony O’Reilly, Providence chief executive.
A jack-up rig is on stand-by and the aim is to drill both prospects back-to-back
“The decision of the committee, whilst not entirely unexpected, is nonetheless disappointing given that the application had been recommended for approval by North Lincolnshire council’s own professional planning officer."