“We set it up from day one to focus on free cash flow and, as we’ve grown, that strategy really hasn’t changed. The industry has operated for too long on negative free cash flow.”
London Stock Exchange
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
Linda Cook’s appointment to the top job at the combined Chysaor-Premier Oil business will make her only the second woman chief executive at a London-listed oil and gas company.
Oilfield services giant Schlumberger has today stated its intention to delist from the London Stock Exchange (LSE).
Vaalco Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
Shares in Ophir Energy climbed rapidly after the London-based exploration and production firm confirmed talks with a potential new owner.
Shares in Cabot Energy capitulated on Monday after the firm said it is fighting for survival and has commenced crunch talks with investors to raise emergency cash that will allow it to stay afloat.
Greenfields Petroleum Corporation will seek admission of its common shares to trading on the London Stock Exchange's alternative investment market (AIM) under the ticker GNF.
Shares in oil field service company Tekmar will start trading on the alternative investment market in London next week.
Premier Oil’s entry to the FTSE 250 index later this month is a “positive” move for the exploration and production company, an analyst said today.
TransGlobe Energy Corporation said today that it plans to list its common stock on the alternative investment market (AIM) in London.
Energean said today it plans to forge ahead with an initial public offering.
The London Stock Exchange "has made a very strong case" for oil giant Saudi Aramco to choose Britain for its expected 2 trillion (£1.5 trillion) flotation, a spokesman for Prime Minister Theresa May has said.
The head of Saudi Aramco has said the firm’s initial public offering will go ahead this year and that the venue will be revealed “in due course”, according to a news report.
Kosmos Energy said today that its shares had been admitted for trading on the London Stock Exchange (LSE).
The chief executive of the London Stock Exchange has defended controversial proposals that would see listing rules changed to allow companies such as oil giant Saudi Aramco to float in the capital.
Business leaders today warned that changing rules to let sovereign-controlled companies list their shares in London threatened to diminish the UK’s track record for strong corporate governance.
London Stock Exchange (LSE)’s new 1,000 Companies to Inspire Britain report celebrates the achievements of 25 Scottish firms and more than half of them are in the north and north-east.
Local politicians have urged north-east companies to attend an event presenting funding opportunities for oil and gas companies set on expansion.
During my time as an MP, the oil and gas market has been incredibly challenging for service companies and operators working in the industry. When I was first elected in May 2015 the oil price was around $62 a barrel, then dropped to around $30 before rising back up to $52. The quick and sudden decline from the $100-a-barrel 2014 rates has really dented confidence and I know it has left some companies struggling to find capital finance.
Fledgling Italian gas producer Saffron Energy is aiming to make a splash when it enters the London Stock Exchange in the coming weeks.
London’s top-flight index remained in the red as investor jitters over the Italian referendum and Wednesday’s crunch meeting on global oil supply continued to dog the market.
EnQuest said new shares have been issued on the London Stock Exchange after its restructuring deal was completed earlier this month.
Energy stocks shot to the top of the FTSE 100 as oil prices jumped on hopes that Opec was one step closer to reaching a supply cut deal that would buoy floundering prices.
Diversified Oil & Gas (DGO) said it plans to seek admission of its shares to the London Stock Exchange.