Financials and Investment News in United Kingdom

Valaris plc Announces Agreement to Significantly Reduce Debt
8/19/2020 - Valaris plc has entered into a binding Restructuring Support Agreement (the “RSA”) and Backstop Commitment Agreement (the “BCA”) with approximately 50% of its noteholders (“Consenting Noteholders”). V...
Petrofac Limited Results for the Six Months Ended 30 June 2020
8/11/2020 - - Continuing to safely execute our projects and operations worldwide

- On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021

- Trading and a...
OGUK Launches New SME Forum to Support Smaller Businesses Under Pressure
8/4/2020 - new forum dedicated to helping small and medium-sized businesses navigate the downturn has been launched by OGUK as it continues to help the sector stimulate a recovery.

The leading represe...
Subsea 7 Announces Second Quarter 2020 Results
7/29/2020 - Subsea 7 S.A. announced results for the second quarter and first half of 2020 which ended 30 June 2020.

Second quarter summary

• Order intake totalled $2.0 billion, equival...
Echo Energy Issues of Equity
7/27/2020 - Echo Energy, the Latin American focused upstream oil and gas company, announces the conditional placing of new ordinary shares in the Company ("Ordinary Shares") to raise gross proceeds of £475,000 (...
Interim Results for the Period Ended 30 June 2020
7/24/2020 - Chris O'Shea, Group Chief Executive “Centrica delivered a resilient performance against the unprecedented backdrop of the Covid-19 crisis during the first half of the year. That is due to the response...
Premier Oil Announces Trading and Operations Update
7/15/2020 - Premier provides an update on recent operational activities and guidance in respect of its half year financial results to 30 June 2020.

- Production averaged 67.3 kboepd to the end of June;...
Deltic Energy Rejects £12M Takeover Offer
7/15/2020 - Reabold, the AIM investing company which focuses on investments in upstream oil and gas projects, announces that it is in the process of evaluating a possible all-share offer for the entire issued...
Reorganisation of Finance Function
6/25/2020 - IGas has announced a number of cost saving measures as part of an in-depth review of expenditure. As part of this review, it was identified that certain functions within the Chief Financial Officer's ...
Operations and Cost Savings Update
6/25/2020 - IGas provides an update on its operations and measures that are being implemented to further, materially reduce the Company's cost base. ...
Development Funding Long-stop Date
6/23/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announces the following update. ...
Borr Drilling Completes Financial Restructuring for Equity Offering
6/5/2020 - Reference is made to Borr Drilling Limited's ("Borr Drilling") (BORR) (OSE: BDRILL) stock exchange notices dated May 20 and May 21, 2020. ...
Convertible Loan Fully Repaid, Further Opex Reductions & New HH-1 Intervention via £4.2m Placing
6/4/2020 - UK Oil & Gas PLC plans to carry out the following material actions designed to further strengthen the Company's overall financial and oil production performance during the current low oil price enviro...
Seadrill Announces Intention to Delist from the New York Stock Exchange
6/1/2020 - Seadrill Limited announces its intention to delist from the New York Stock Exchange (NYSE).

On March 26, 2020, Seadrill received written notice from the NYSE that it was not in compliance ...
Further Repayment of Riverfort Loan Facility
5/21/2020 - Angus Energy has repaid £58,333 today ahead of the rescheduled date on the above facility, as noted in our RNS of 20 April 2020, as opposed to allowing further conversion of this amount. The revised l...
Wressle Development Update
5/13/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company notes the positive announcement made by the Operator, in respect of the Wressle hydrocarbon develop...
Equity Fundraising of Approximately £500,000
4/14/2020 - Egdon Resources plc has raised approximately £500,000 via a subscription for new shares, to be completed in two tranches. The Company has raised approximately £415,164 (the “Subscription“) through the...
Completion of Fully Subscribed Private Placement
4/8/2020 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has received conditional approval for th...
OGUK Launches Survey to Understand Issues Facing Supply Chain
4/3/2020 - The leading representative body for the UK offshore oil and gas industry has launched a survey in a bid to help find solutions to the problems faced by the supply chain as it deals with the impact of ...
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...

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