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Financials and Investment News in United Kingdom

More than 200 OFS Firms in Europe Could Go Bankrupt as Covid-19
More than 200 OFS Firms in Europe Could Go Bankrupt as Covid-19 3/17/2020 - Around 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent as the effect of the Covid-19 epidemic will hit...
Fundraising Update and Total Voting Rights
3/13/2020 - Ascent Resources Plc the onshore European independent oil and gas exploration and production company announces the following update to the fundraising announced on 14 February 2020. ...
Premier Oil Announces Trading Update
3/13/2020 - Following the announcement of Premier’s 2019 Full Year Results last week, the Group provides the following trading update in light of the current market volatility. ...
Tower Announces Placing to Raise GBP500,000
3/9/2020 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce a placing of 138,666,666 million Ordinary Shares comprising 133,333,333 Ordinary Shares (the "P...
Zenith Announces Private Placement to Raise Gross Proceeds of up to GBP 300,000
2/13/2020 - Zenith Energy Ltd., the international oil & gas production company, plans to issue up to 20,000,000 new common shares (“Private Placement”) to existing UK institutional shareholders, as well as a sele...
InfraStrata Acquires Asset Backed Term Debt Facility
2/10/2020 - InfraStrata, the UK quoted company focused on strategic infrastructure projects and physical asset life-cycle management, is pleased to announce that its subsidiary, Harland and Wolff (Belfast) Limite...
Wood Reaches Agreement to Sell Industrial Services Business
2/5/2020 - John Wood Group PLC announces the sale of its industrial services business to technical services provider, Kaefer, for an initial cash consideration of circa $104 million and a further potential payme...
UKOG Raises GBP 2m to Help Achieve Stable Oil Production at Horse Hill
12/2/2019 - UK Oil & Gas PLC has raised £2 million ("Proceeds") from a single institutional investor through a placing ("Placing") of 235,294,117 new ordinary shares ("Placing Shares") in the capital of the Compa...
Gulfsands to Secure GBP 4 million Financing
11/29/2019 - Gulfsands Petroleum plc, the oil and gas company focused on the Middle East region, is pleased to announce that at its General Meeting (“AGM”) held yesterday at the offices of Pinsent Masons LLP at 30...
Union Jack Oil Announces Placing & Subscription to Raise GBP 5m
11/27/2019 - Union Jack Oil plc, a UK-focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has raised £5 million by way of a placing and subscription of 3,333...
Subsea 7 S.A. Treasury Shares
11/15/2019 - Subsea 7 S.A. transferred 7,346 shares from treasury to satisfy employee share awards under the Company’s Long-term Incentive Plan. Following the above transfer, the number of common shares held in tr...
Cabot Energy Announces Proposed Cancellation of AIM Admission
10/29/2019 - Cabot Energy has announced the proposed cancellation of admission of its ordinary shares of 1p each to trading on AIM, re-registration as a private limited company and adoption of updated articles of ...
IGas Signs New Debt Facility
10/3/2019 - IGas announces that it has signed a US$40 million senior secured Reserve-Based Lending Facility (RBL) with BMO Capital Markets (BMO). ...
Subscription to raise US$350,000
9/19/2019 - Cabot Energy Plc has entered into an agreement with High Power Petroleum LLC ("H2P") to raise US$350,000 gross (£280,000), before expenses, by way of a subscription (the "Subscription"). The number o...
UKCS Decommissioning Cost Estimate 2019 Report published
7/18/2019 - The estimated cost of decommissioning the UKCS’s remaining oil and gas infrastructure is continuing to reduce, according to the latest analysis by the Oil and Gas Authority (OGA). ...
Total Divests Assets in the UK to Petrogas
7/10/2019 - Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. Petrogas has partnered with Nor...
Placing to Raise £2.65 million
7/2/2019 - Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that is has raised £2.65 million (gross) via a placing of 240,90...
SOCO International Announces Syndication of the RBL
6/24/2019 - SOCO International plc, an international oil and gas exploration and production company, is pleased to announce that DBS Bank has joined as a lending bank with effect from 18 June 2019 following the s...
Atlantic Petroleum Announces Share Suspension
5/26/2019 - The Board of Directors of Atlantic Petroleum has agreed with NASDAQ for a temporary suspension of the company’s shares. The Company advises that Graeme FAWCETT has elected to step down from his positi...
i3 Energy Announces Funding Update
4/29/2019 - i3 Energy, an independent oil and gas company with assets and operations in the UK, has provided an update in relation to its announcement of 1st March 2019 regarding its intended entry into a Junior ...

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