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Energy

Shell comes out on top in Cove Energy bidding

It was more of a skirmish than a bidding war but today Shell agreed a deal to buy Cove Energy for £1.12 billion.  ...

on 24/4/12
Energy

Ophir Energy confirms £150 mln cash call for major exploration campaign - UPDATE

The Africa-focused explorer can now lauch an extended exploration programme with 22 wells pencilled in over the next two years....

on 28/3/12
Energy

Ophir Energy launches share placing for major exploration campaign in Africa

The precise details of the arrangements have yet to be confirmed. But, based on the current share price of around 509p, the placing could raise over £150 million....

on 28/3/12
Energy

BG and Ophir make huge gas discovery offshore Tanzania

Shares in Ophir Energy shot higher as the highly anticipated Jodari-1 well offshore Tanzania showed a major gas discovery said operator BG....

on 26/3/12
Energy

Nomura urges cautious approach to E&P stockpicking

The broker says the recent upturn in the sector’s fortunes is now fully priced in the prospects of these companies, and now only made sense if the oil price remained above US$80 a barrel. That said, Nomura has spotted a number of “underappreciated” companies to watch out for. ...

on 2/3/12
Energy

Aminex and Solo Oil shares advance following Ntorya 1 well update - UPDATE

Aminex today revealed that Ntorya-1 well found a gas bearing reservoir. The partners now plan to deepen Ntorya-1 further still, with the possibility of finding liquid hydrocarbons....

on 27/2/12
Energy

Aminex and Solo Oil to deepen Ntorya-1 again after confirming gas reservoir

Aminex today revealed that Ntorya-1 well found a gas bearing reservoir. The partners now plan to deepen Ntorya-1 further still, with the possibility of finding liquid hydrocarbons....

on 27/2/12
Energy

Shell’s £1 bln bid sends Cove Energy shares soaring

Cove Energy shares shot up around 25 per cent today on the news that Shell intends to offer just shy of £1 billion to buy the company....

on 22/2/12
Energy

Cove Energy puts itself up for sale

Shares in East African oil and gas explorer Cove Energy gained over 10 per cent today as the firm put itself up for sale....

on 5/1/12