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NOPTue, 20th Dec 2016 09:05
By Andrew Callus LONDON, Aug 19 (Reuters) - Takeover action is on the horizon among smaller and weaker London-listed oil companies because they are finding it harder to raise funds, while larger peers are having no such difficulty, according to consultancy Ernst & Young. Its Oil and G
Read moreBy Andrew Callus LONDON, Aug 19 (Reuters) - Takeover action is on the horizon among smaller and weaker London-listed oil companies because they are finding it harder to raise funds, while their larger peers are having no such difficulty, according to a prediction by Ernst & Young. The
Read moreDrilling has begun on GM-ES-5, the fourth and final well on the drilling programme in the Guyane Maritime Permit, offshore French Guiana, it was announced Tuesday. The Guyana Maritime licence is held by Shell (45%), Total (25%), Tullow Oil (27.5%), Northern Petroleum (1.25%) and Wessex Exploration
Read moreBy Sarah Young LONDON, July 23 (Reuters) - Hopes French Guiana has commercial oil reserves like those of Ghana across the Atlantic suffered a new blow on Tuesday as a well off the Latin American country's coast came in dry for explorers Tullow Oil and Royal Dutch/Shell. Tullow's produ
Read moreTullow Oil has plugged and abandoned an exploration well offshore Mozambique and another in French Guiana, an update on Tuesday morning has shown. The Cachalote-1 well, the first well in Area 2 offshore Mozambique, did discover a good quality gas-bearing sandstones in an Upper Cretaceous deepwater
Read moreLONDON, July 23 (Reuters) - British oil firm Tullow Oil said its latest well off the coast of French Guiana did not find oil, in a further blow to exploration hopes off the South American country. The company, an explorer hunting for oil across West and East Africa as well as off the coast
Read moreAIM-listed oil and gas outfit Northern Petroleum has announced the appointment of Keith Bush as Managing Director. Bush joined Northern in May 2012 as Chief Operating Officer and was appointed to the board last November. In parallel, Richard Latham, non-executive Chairman, and Derek Musgrove, who
Read moreBy Andrew Callus LONDON, July 1 (Reuters) - UK-listed oil and gas companies that have lost favour with mainstream shareholders are attracting investors who want to push bosses out, access their cash and force asset sales. The trend took root in the United States last year where activ
Read moreAfren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreTullow Oil said on Tuesday that it has had to abandon a well offshore French Guiana, the latest in a string of disappointing operational updates from the FTSE 100-listed oil explorer. The company said that the Priodontes-1 well was drilled to a total depth of 6,138m in water depths of 1,750m but fa
Read moreTullow Oil saw its shares drop significantly after its joints venture partner Northern Petroleum gave an update on one of its wells at its joint venture project in French Guiana. Following an announcement by Northern Petroleum, the company confirmed that the GM-ES-3 well, which to-date has had no
Read moreApril 17 (Reuters) - Shares in oil companies Tullow Oil , Royal Dutch Shell and Total SA, fell after a well in offshore French Guiana did not find significant hydrocarbons. Shell, Total, Tullow Oil, Northern Petroleum and Wessex Exploration, which together own the permit to the block, said
Read moreThe FTSE Small Caps index closes up 0.1 percent, outperforming/falls of 0.4 percent on the mid-caps and 0.3 percent on the blue chips Essenden, a company which operates bowling centres, rises 7.8 percent after reporting an 86 percent surge in annual earnings before interest, tax, depreciati
Read moreThe FTSE Small Caps index is up 0.1 percent by around midday, outperforming a flat FTSE 100 while trading in line with a 0.1 percent gain on the FTSE 250 mid-cap index. Essenden, a company which operates bowling centres, rises 7.8 percent after reporting an 86 percent surge in EBITDA (earni
Read moreThe FTSE small caps index is flat in morning trade, but the index manages to outperform a 0.4 percent fall on the blue-chip FTSE 100 and a 0.3 percent decline on the FTSE 250 mid-cap index. Printing technology group Xaar surges 13.5 percent higher after the company reports a surge in 2012 r
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