Financials and Investment News in United Kingdom

Coretrax Wellbore Products Save Operators £10million
6/2/2016 - Coretrax, leading engineered servicing company for wellbore clean and abandonment, has secured cost savings of nearly £10 million in rig time for UK operators. ...
PetroMaroc to Conduct Cdn $390,000 Debenture Financing
6/1/2016 - PetroMaroc Corporation plc (PetroMaroc) intends to complete a secured, non-convertible debenture financing (the “Financing“) of Cdn $390,000 (the “2016 Debentures“), the proceeds of which will be used...
Petrofac Reaches Commercial Regarding the Laggan-Tormore Gas Plant
5/6/2016 - Petrofac has reached final commercial settlement with its client in respect of the Laggan-Tormore gas plant in the Shetland Isles. As part of the agreement, our client has informed us that there will ...
African Petroleum Shares De-Listed from the NSX
1/5/2016 - African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, advises that further to its announcement on 22 December 2015 the Compan...
InfraStrata Provides Update on Islandmagee-1 Well
9/4/2015 - InfraStrata plc, the independent petroleum exploration and gas storage company, is pleased to provide an update on the programme of works on the Islandmagee gas storage project in Northern Ireland fol...
Gulfsands Petroleum Provides Funding Update
7/31/2015 - Gulfsands Petroleum Plc, the AIM listed oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, provides the following update with regard to its proposed financing. ...
Financing Update and Assignment of Arawak Loan Facility
7/30/2015 - Gulfsands Petroleum Plc, the AIM listed oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, is pleased to provide the following update with regard to a proposed financing and ...
Update on Funding and Assignment of Loan Facility
6/30/2015 - Gulfsands Petroleum Plc, the AIM listed oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, is pleased to provide the following update with regard to a proposed financing and ...
BMT’s Charity Event Raises Over £5k for Help for Heroes
6/25/2015 - BMT Isis (BMT), with support from sister companies, BMT Defence Services, BMT Hi-Q Sigma and BMT Reliability Consultants, has raised over £5,000 for the UK military charity, Help for Heroes (H4H) at i...
Tullow Secures $450m of Capital Under its Existing Credit Facilities
3/20/2015 - Tullow Oil plc (Tullow) is pleased to announce the following update on its financing and banking arrangements. Tullow and its lending banks have: ...
Afren Settles of Claims against Former CEO and COO
12/31/2014 - Afren plc (Afren) announces that it has successfully secured, from its former CEO, Osman Shahenshah, and former COO, Shahid Ullah, a cash payment of US$17.1mn in relation to payments made to them that...
BG Group Revises Chief Executive Remuneration Package
12/1/2014 - Following extensive shareholder consultation, the BG Group Board and Helge Lund wish to respond to BG Group shareholder concerns. The Company announces revisions to the remuneration package for its ne...
Solo Oil Secures$5m Convertible Loan Facility
11/14/2014 - Solo Oil plc has entered into a Convertible Loan Agreement with institutional investors arranged by RiverFort Global Capital Limited ("RiverFort Investors") for a total maximum commitment of US$5 mill...
BW Offshore Completed $800m Bank Loan
8/5/2014 - BW Offshore has signed the facility documentation for the new USD 800 million ten year senior secured credit facility for the Catcher FPSO project. The facility is a combined construction and long ter...
Multi-satellite Project Funding Exceeds £1m
7/16/2014 - Getech has now signed further clients to fund its new global multi-satellite gravity project. ...
British Government to Help Fund New Oil Regulator until 2022
7/16/2014 - The British government announced another 3 million pounds ($5.14 million) a year in funding for the country's new oil regulator until 2022, after which it will be fully financed by the industry. ...
Xcite Energy Extends Equity Line Facility Agreement
4/14/2014 - Xcite Energy has extended the term of its existing Equity Line Facility agreement ("ELF") with Esousa Holdings, LLC by three years until 30 July 2017. The terms and conditions of the ELF remain unchan...
Tullow Refinances Its Corporate Revolving Credit Facility
4/7/2014 - Tullow Oil plc (Tullow) is pleased to announce that it has refinanced its US$500 million corporate revolving credit facility and that it has successfully increased the size of the facility to US$750 m...
Africa Oilfield Logistics Limited Raises £4.5m
12/18/2013 - Africa Oilfield Logistics Ltd, the AIM listed African focused support services and logistics company, is pleased to announce that it has raised £4.5 million (approximately $7.3m) by way of a placing o...
Gasol Rolls over BBH Funding Facility
1/9/2013 - Gasol plc, the West African energy development company, announces that it has agreed terms with Banque Benedict Hentsch & Cie SA ("BBH") for the rollover of its maturing convertible loan facility by o...

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