Tue, 01st Nov 2011 08:31
Hopes about tax breaks in the North Sea energy industry were providing stocks in the oil producing and services industry with a much-needed boost on Tuesday, even as the price of crude continued to tumble. Danny Alexander, chief secretary to the Treasury, signalled that North Sea oil and gas produce
Read moreAIM-listed oil and gas explorer Bowleven has completed the farm-out of its Etinde permit in Cameroon for an initial $165m cash. The operatorship of Etinde has transferred to Africa-focused NewAge, which has bought a 10% stake in the project, with Russia's Lukoil buying 30% and Bowleven retaining a 2
Read moreExploration and development group Bowleven has said the approval from the President of Cameroon for its proposed deal to sell a stake in its Etinde project to LUKOIL and NewAge has now been formalised. In June, the Africa-focused company reached a $250m (£162m) deal with LUKOIL, which would see LUKO
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