Investment News in United Kingdom

Neptune Energy Announces Final Investment Decision for Seagull Project
3/28/2019 - Neptune Energy and its joint venture partners BP and Japex have announced that the final investment decision for the Seagull oil project in the UK North Sea has been agreed. Seagull is expected to ini...
Forties Pipeline System Investment is Vote of Confidence in North Sea Future
2/27/2019 - The leading representative body for the UK’s offshore oil and gas industry has welcomed news INEOS is to invest £500m in the Forties Pipeline System as a vote of confidence in the future potential of ...
BP Invests in New Artificial Intelligence Technology
1/28/2019 - BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business. The investment su...
Reabold Resources Announces Investment in Rathlin Energy (UK)
12/3/2018 - Reabold, the investor in pre-cash flow upstream oil and gas projects, further to its announcement of 5 November 2018, has announced the completion of its 37.08 per cent. investment in Rathlin Energy (...
INEOS Completes $80M Investment in Re-routing of North Sea Gas Field
11/22/2018 - A new pipeline, subsea infrastructure and processing equipment has been installed to re-route production from the Clipper South field as ConocoPhillips commence the shutdown of operations at the exist...
Reabold Resources Announces Investment in Rathlin Energy
11/5/2018 - Reabold Resources has signed a subscription agreement with Rathlin Energy (UK), a wholly-owned subsidiary of Calgary-based Connaught Oil & Gas, to invest a total of £3 million for an equity interest o...
UK Oil & Gas Investments Completes £5 Million Institutional Placing
7/2/2018 - AIM-listed UK Oil & Gas Investments (UKOG) has announced that it has raised gross proceeds of £5 million via a placing including two institutional investors. ...
Aker Solutions Upgrades Aberdeen Site
4/26/2018 - Aker Solutions officially opens its upgraded Aberdeen services facility to help capture subsea sector growth in the UK and elsewhere. ...
Reabold Resources Announces Increased Investment in Corallian Energy
3/1/2018 - Reabold Resources, the investor in pre-cash flow upstream oil and gas projects, provides an update on its investment in Corallian Energy Limited. ...
Wood Brings Space Technology to Nuclear Decommissioning
2/19/2018 - Wood is leading research to make nuclear decommissioning safer, faster and more cost-effective by innovatively applying new technologies developed in space exploration, car production and medicine. ...
OGA Approves the Redevelopment of the Penguins Custer in the Northern North Sea
1/16/2018 - Andy Samuel, Chief Executive of the Oil and Gas Authority has welcomed Shell’s announcement that it has made a final investment decision on the redevelopment of the Penguins oil and gas field in the U...
Lukoil Takes Final Investment Decision on Delayed Coker at Nizhny Novgorod Refinery
11/30/2017 - PJSC LUKOIL announces that the final investment decision on the delayed coker complex at Nizhny Novgorod refinery was taken. The complex includes the construction of the delayed coker unit itself, the...
Angus Raises £3,000,000 via Private Placement
11/23/2017 - Angus Energy Plc, a conventional oil and gas production and development company, has successfully raised £3,000,000 (gross) by means of a private placement with institutional and private investors.
Centrica Investing £60m to Boost Morecambe Bay Production
5/3/2017 - Centrica is securing 350 jobs after announcing a £60million investment in its operations offshore in Morecambe Bay. The project to refurbish two 5,000-tonne platforms in the East Irish Sea, which is e...
OGUK Publishes Business Outlook Report 2017
3/7/2017 - The UK offshore oil and gas industry is now in better shape to compete for much-needed investment and confidence is slowly returning to the UK Continental Shelf (UKCS) following an intensive two-year ...
IGas Provides Update on Discussions with Strategic Investor
3/1/2017 - On 29 December 2016, IGas announced that it was in well progressed discussions with a strategic investor in respect of its capital restructuring options. IGas announces that those discussions relate t...
Saab Seaeye Investing in Engineers
2/24/2017 - Investment in new technologies sees Saab Seaeye, the world's largest manufacturer of electric underwater robotic systems, launch a recruitment drive to find software and electrical engineers at all le...
Cluff Natural Resources Announces Pre-Close Update
1/16/2017 - Cluff Natural Resources Plc, the AIM quoted natural resources investing company, is pleased to announce a pre-close update for the financial year to 31 December 2016. During the course of 2016, the Co...
Maersk Oil Cuts Culzean Development Costs by US$500 Million
12/13/2016 - Maersk Oil CEO announced that the capital costs of its marquee Culzean HPHT gas project have been reduced by USD 500m as a result of higher drilling efficiency and robust upfront design and project pl...
North Sea Field Shutdowns to Climb as Brexit Deepens Oil Gloom
7/19/2016 - The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit. ...

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