Financials and Investment News in United Kingdom

OGA Provides New Estimates on the Cost of UK Oil & Gas Decommissioning
6/29/2017 - The Oil and Gas Authority (OGA) has published a report which provides a new cost estimate for offshore oil and gas decommissioning in the UK Continental Shelf (UKCS). ...
Shareholders Approve Wood Group’s Recommended All-Share Offer for AFW
6/15/2017 - Today shareholders of Wood Group and Amec Foster Wheeler overwhelmingly approved Wood Group’s recommended all-share offer for Amec Foster Wheeler. The deal remains subject to relevant clearances from ...
Oil and Gas Confidence Rises from Historic Lows
6/13/2017 - Improvements in oil and gas contractor confidence both in the UK Continental Shelf (UKCS) and internationally suggests some businesses are seeing signs of recovery and are focused on the future, accor...
Oil & Gas UK Launches Industry Blueprint for Next UK Government
5/31/2017 - A blueprint outlining four key priorities the next UK Government should focus on to help secure the future of the North Sea oil and gas industry is launched today (31 May) by Oil & Gas UK. Presented a...
InfraStrata Announces Placing to Raise £130,000
5/26/2017 - InfraStrata plc, the independent gas storage company, provided an update on its Islandmagee project and financial position in an announcement on 22 May 2017. The announcement stated, inter alia, that ...
Andalas Energy & Power Provides Placing, Lifting of Suspension
5/23/2017 - Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company, has conditionally raised £600,000 via a placing (the Placing) of 600,000,000 ordinary shares of nil par value (the ‘Plac...
Review Strategic Options for Islandmagee Gas Storage Project
5/22/2017 - InfraStrata (INFA) is launching a review of the strategic options open to the Company to maximise value for shareholders. Accordingly, the Company is undertaking a careful evaluation of its business p...
UKOG Placing Triggers Important Next Phase of Weald Basin Activities
5/19/2017 - UK Oil & Gas Investments PLC (UKOG) has raised gross proceeds of £6.5 million through the placing of 12,500,000 new ordinary shares in the Company (New Shares) at 0.8 pence per New Share largely with ...
Geoex to Acquire All Outstanding Shares in MultiClient Geophysical ASA
3/30/2017 - Reference is made to Geoex Ltd's (Geoex) voluntary cash offer (the "Offer") for all outstanding shares of MultiClient Geophysical ASA (MCG) made on 19 January 2017, as amended. The acceptance period u...
InfraStrata Repaid Loan from Baron Oil
3/29/2017 - InfraStrata plc, the independent gas storage company, announces that following the completion of the placing to raise £810,000 before expenses announced on 27 February 2017, it has now repaid the £200...
Atlantic Petroleum Posts a Net Profit of DKK 12.4MM in 2016
3/29/2017 - P/F Atlantic Petroleum announces its Annual Results for 2016. This company announcement should be read in conjunction with Atlantic Petroleum’s Condensed Consolidated Annual Report attached to this an...
Tethys Petroleum Limited to Cancel Listing in United Kingdom
3/24/2017 - Tethys Petroleum Limited (Tethys) has applied to the United Kingdom Listing Authority (UKLA) to cancel the standard listing of the Company’s ordinary shares (the “Shares”) from the Official List of th...
One Million Euro Funding to Encourage Oil & Gas Innovation
3/23/2017 - The Industry Technology Facilitator (ITF) and the Oil & Gas Innovation Centre (OGIC) have joined forces to fund and support the development of innovations which could reduce costs, raise production ef...
Atlantic Petroleum Issues Convertible Instruments to London Oil & Gas
3/13/2017 - Pursuant to the Loan Agreement with London Oil and Gas announced 25th May 2016, Atlantic Petroleum hereby announces that all conditions for the GBP 8MM loan are fulfilled and that the Board of Atlanti...
InfraStrata plc Raises £810,000 via Placing
2/27/2017 - Further to the announcement made earlier today, InfraStrata plc, the independent gas storage company, is pleased to announce the completion of a placing of 162,000,000 new ordinary shares of 0.01p eac...
Secured Term Financing Facility of up to £4 million
2/16/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, is pleased to announce that it has finalised a Secured Term Facility of up to £4 million (the ...
Angus Applies for Admission of up to £3,500,000 of Secured Bonds
2/16/2017 - Angus Energy has published an Information Memorandum (the “IM”) in connection with an application for admission of up to £3,500,000 sterling denominated secured bonds of denomination £1, with a maturi...
New Scottish Government Decommissioning Fund is Encouraging
2/8/2017 - Deirdre Michie, chief executive, Oil & Gas UK said: “The First Minister’s announcement of a new £5 million fund to support Scottish companies looking to take advantage of decommissioning sector...
NU-Oil and Gas Announces Placing & Subscription to Raise £2.05m
2/6/2017 - NU-Oil is pleased to announce that on 3 February 2016 it completed a placing and a subscription of new ordinary shares of 0.1 pence each in the Company (Ordinary Shares) to raise £2.05 million in tota...
Prospex Oil & Gas Conditionally Raises £850,000 Gross
2/2/2017 - Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that, subject to shareholder approval, including in respect of a share capital reorganisation, it has conditionally r...

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