Financials and Investment News in United Kingdom

Saffron Energy Completes Placing to Raise £1.25 Million
9/25/2017 - Saffron Energy plc, the natural gas producer with interests in northern Italy, has completed a placement of 31,250,000 ordinary shares of 0.1p per share (Ordinary Shares) at 4p per Ordinary Share to r...
Rose Petroleum Announces Placing to Raise £3 Million
9/22/2017 - Rose, the AIM quoted natural resources business, has conditionally raised £3m before expenses through a placing of 75,000,000 new ordinary shares of 0.1 pence each (Placing Shares) at a price of 4 pen...
Dundee & Dundee Close Transaction with Delonex Energy
9/22/2017 - Dundee Corporation (Dundee) and its subsidiary, United Hydrocarbon International Corp. (United), are pleased to announce that United has closed its previously announced transaction (the “Transaction”)...
Tata Steel Statement on Completion of RAA Announcement
9/11/2017 - Tata Steel UK has received confirmation from The Pensions Regulator that it has approved a Regulated Apportionment Arrangement (RAA) in respect of the British Steel Pension Scheme (BSPS). The BSPS has...
PwC Publishes Annual Worldwide Tax Summaries
9/6/2017 - PwC has published its annual Worldwide Tax Summaries - Corporate Taxes 2017/18, the latest compilation of worldwide corporate tax rates and rules. As governments across the globe are looking for great...
Investors Seeing Value in UK North Sea Re-Inventing itself
9/6/2017 - Almost $6 billion worth of mergers and acquisitions have taken place in the UK oil and gas sector in the first half of the year – sending a strong vote of confidence in a basin that has been grappling...
UK Government to Maximising Economic Opportunity in North Sea
8/30/2017 - New Energy Minister Richard Harrington has told oil and gas leaders they have the ‘full support’ of the UK government in maximising the economic opportunity in the North Sea during his first visit to ...
Macquarie Finalises US$2.94 billion Takeover of Green Investment Bank
8/24/2017 - Macquarie, the Australian infrastructure investor, has completed its GBP2.3 billion (US$2.94 billion) takeover of the UK government-owned Green Investment Bank (GIB), which will now be called the Gree...
JOGMEC Provides Equity Financing to ITOCHU’s Project
8/15/2017 - Japan Oil, Gas and Metals National Corporation (JOGMEC) will provide equity financing to CIECO V&C (UK) Limited (CIECO V&C), a wholly owned subsidiary of ITOCHU Corporation (ITOCHU), which holds a 12%...
Premier Oil Receives Approval for Refinancing
7/18/2017 - Premier is pleased to announce that the schemes of arrangement (the Schemes) of Premier and Premier Oil UK Limited received final sanction today at a hearing of the Court of Session in Scotland. Follo...
Altona Energy Raises £150,000 from Placing Shares
7/7/2017 - Altona Energy Plc has raised £150,000 from a placing of 100,000,000 new ordinary shares of 0.1p each in the Company (the “Placing Shares”) at an issue price of 0.15p per share through a placing with n...
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...

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