Oil & Gas

Oil & Gas

Oilexco slides on debt U-turn


SHARES in Canadian oil explorer Oilexco - which is listed in both Toronto and London - plunged yesterday after it announced plans to raise up to £100million in debt and sell shares to raise more cash, but later said it had abandoned the proposals.

Oil & Gas

New boss at Sovereign


SOVEREIGN Oilfield Group, the Aberdeen-based diversified oilfield service business, has announced the appointment of Robert Ellis as a director and his election as chairman by the board.