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Petrofac brings 'scale, capability and credibility' to Nu-Oil's gas-to-wire venture

Alison Pegram, Nu-Oil and Gas Plc (LON:NUOG) and MFDevCo managing director, discusses with Proactive London's Andrew Scott their partnership with energy industry engineering group Petrofac Limited (LON:PFC).

Together MFDevCo ( NUOG's 50% owned joint venture Company ) and Petrofac will collaborate in gas-to-wire opportunities aimed at opening up ‘stranded’ gas resources.

Quick facts: Nu-Oil and Gas PLC

Price: 0.0275 GBX

AIM:NUOG
Market: AIM
Market Cap: £928.94 k
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Nu-Oil and Gas PLC chairman outlines plans to move into environmental space

Nu-Oil and Gas PLC's (LON:NUOG) Jay Bhattacherjee speaks to Proactive London's Andrew Scott soon after announcing they're considering reverse takeover targets in sectors other than oil and gas. He says the move comes after several months of commodity price volatility and they're particularly...

on 17/3/20

2 min read