Deltic Energy’s largest shareholder has backed the company’s efforts to stave off a hostile takeover bid from London-listed energy investment firm Reabold Resources.
Sierra Leone has provisionally awarded licences to Cluff Energy Africa and Innoson Oil and Gas, following the conclusion of its fourth licensing round.
An investment firm controlled by British billionaire Michael Spencer reached an 11th-hour settlement with an oil executive and his wife in a case that saw insider-trading accusations fly and the threat of a private prosecution.
Entrepreneur and philanthropist Michael Spencer will further increase his stake in North Sea oil firm Cluff Natural Resources (CLNR).
Entrepreneur and philanthropist Michael Spencer has increased his stake in North Sea oil firm Cluff Natural Resources.
A former Royal Navy marine engineer and diver who launched his energy industry consultancy business in Aberdeen nearly 30 years ago is helping to deliver Indonesia’s first commercial-scale, tidal-energy scheme.