Intelligent Energy hit after funding plan falls through
Intelligent Energy shares plunged today after the company admitted a new funding deal has failed to materialise.
Intelligent Energy shares plunged today after the company admitted a new funding deal has failed to materialise.
Subsea services specialist Bibby Offshore has awarded a frame agreement for rigging equipment inspection and wire rope management to leading marine and subsea business IMES, following a lengthy and competitive tender process.
LGO Energy will benefit from lower royalty rates in Trinidad after state oil company Petrotrin slashed its take of production.
Alkaline fuel cells frontrunner AFC will focus on securing funding to push forward its commercial opportunities in 2016.
A significant reduction in operating costs helped Parkmead group reduce its post tax loss to £4.8million, compared with £14.9million in 2014.
The demise of LNG projects such as Woodside Petroleum planned $40 billion Browse facility due to a plunge in energy prices is probably what will lift the market out of its current rut.
Amec Foster Wheeler has been awarded a contract to supply a biomass dust combustion plant for Finnish utility company Seinajoen Energia Oy.
Chinese gas distributor ENN has bought a $750 million stake in Australian gas producer Santos as it attempts to ease its dependence on state-owned suppliers for supply.
PetroChina , China's biggest oil and gas producer, reported a 70 percent slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.
Genel Energy has confirmed it is buying back $55.4million of bonds with a big chunk taken off their face value.
Ithaca Energy has reported a loss after tax of $121 million as result of a $203 million post-tax impairment charge arising from lower forecast future oil and gas prices.
Cluff Natural Resources has signed a deal with Verus Petroleum acquire a quarter share in three licences in the Central North Sea and the Moray Firth.
Seadrill has been awarded an 18 month contract extension for the drillship West Tellus by Petrobras after cutting its day rate.
Woodside Petroleum Ltd. and partners including Royal Dutch Shell and BP scrapped plans to develop the $40 billion Browse liquefied natural gas project in Australia after the plunge in oil and gas prices.
Wood Group has secured a new three year contract with Shell, to deliver industrial services to the St Fergus gas processing plant in Aberdeenshire and the Mossmorran gas processing plant and Braefoot Bay marine terminal in Fife, Scotland.
Scotland’s ability to generate electricity from flowing water eclipses other parts of the UK, new research shows.
Energy Voice sat down with the Oil and Gas Authority's director of exploration and production, Gunther Newcombe, to discuss how the 29th licensing round differs from previous rounds and learn more about its many North Sea firsts.
Internationalisation is critical for Scotland’s growth and one of the four themes in the Scottish Government’s economic strategy.
New figures showing Scotland’s total oil and gas supply chain sales reached a record £22.9billion during 2014, over half of which was delivered via international activity, are a strong reminder of the important role the sector plays in Scotland and globally.
Gulf Keystone has received $7.5million from the Kurdistan Regional Government (KRG) for Shaikan crude oil exports in February 2016.
Ice, extreme temperatures and a vulnerable environment are all surmountable challenges as drillers set out to hunt for oil in a new area of Norway’s Arctic Barents Sea, according to Statoil and other explorers.
Nigeria's state oil company failed to transfer 4.9 trillion naira ($25 billion) to the public purse between January 2011 and December 2015, an official body said today.
Gulf Marine Services has warned 2016 will be another difficult year as the company expects earnings to fall and debt to rise as it copes with the oil and gas downturn.
Tidal power specialist Atlantis Resources has returned two Agreements for Lease (AFLs) to The Crown Estate, following a strategic internal review of the company’s portfolio of tidal energy projects.
Industry body Subsea UK is bringing companies in the south-west of England together to discuss initiatives which will protect jobs and revenues in the downturn.