It’s an unlikely combination, but increased US government infrastructure spending and a pick-up in oil and gas activity in Iraq has boosted demand for Wood’s services
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"We are pleased to have made an oil discovery at our Rabul-7 well, in the West Gharib concession," said Mark Reid, interim chief executive.
The proposed farm-out is evidently moving forward, as the potential new partner has completed internal approvals.
The first area being targeted is in the west of the licence area 50km from Retortillo. This area has previously been mined for tin and high-grade lithium and has reported significant cobalt anomalies.
For the six months ended 31 May, the filtration specialist reported a pre-tax profit of £7.4mln, 41% higher than the prior year, while revenues climbed 21% to £72mln
“Since announcing our first prototype EV charging unit, we have continued to see growing interest in the compelling story of zero emission, off grid EV charging where we are seeking a clear early mover advantage,” Adam Bond said.
Even at 6p a share, Centrica would still be yielding a very high 6.8% based on the current share price of around 88p
The system, developed in partnership with boiler maker Miura, will comprise a 4.2-kilowatt heat and power unit targeting Japan’s commercial building sector
The venture aims to unlock economically stranded gas resources for offshore power generation.
The first tanker-load of oil from the Lancaster field has been bought and collected
SIMEC Atlantis is in talks with SIMEC Energy in relation to an alternative transaction
The multi-utility provider expects the energy price cap to fall back by around £75 this October, partially reversing the recent £125 rise
"The initial results of the West Newton A-2 appraisal well exceed our expectations,” said David Bramhill, Union Jack’s executive chairman
"The initial results of the West Newton A-2 appraisal well exceed our expectations,” said David Bramhill.
Fraser, who has been at the FTSE 100 group for 14 years, will leave in the autumn
To offset the impact of delayed project bids, MyCelx said it has taken action to cut costs.
The group said to make delivery of its first products for retail within three months of starting operations is an "extraordinary achievement"
"The directors are determined to explore the isolation of CBD oil and other valuable products from hemp, a market which is currently underdeveloped but rapidly growing,” said chief executive and president, Tom Becker.
"Tapi Aike will be a critical share price driver in the months ahead,” said Shore Capital analyst Craig Howie.
The 18-month agreement with industrial infrastructure firm Redliner will aim to accelerate MSAR projects into long-term commercial agreements
It would be better to use glass bottles rather than plastic bottles - a plastic bottle can take 450 years to break down - but if we have to have plastic bottles then Powerhouse's DMG technology could be used to turn those bottles into hydrogen and clean electricity
Exploration drilling is set to begin later this month with the Jethro Lobe well.
A flurry of asset acquisitions, investments and new field start-ups are all signs that the North Sea "continues to be revitalised”.
A Competent Persons Report has been delayed as more data is needed, nonetheless, a separate and broader analysis of Tilapia’s Djeno reservoir is “very encouraging” for AAOG
Highlands Resources raised £525,000 through the subscription of shares and exercise of warrants