Shares in Ophir Energy climbed rapidly after the London-based exploration and production firm confirmed talks with a potential new owner.
Saudi Arabian Oil Co. is asking banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to pitch for an advisory role on its initial public offering as it pushes ahead with plans for the world’s largest share sale, three people with knowledge of the matter said.
Technip and FMC secured approval for its merged TechnipFMC from the French stock market regulator.
Santos has confirmed market speculation over shares purchased by Hony Capital.
A former fund manager has pleaded guilty to two counts of insider trading at a London court.
Shares of Extraction Oil & Gas have risen by almost 20%.
Oil majors led the charge as the London market burst back through the 6,900 mark following investor cheer over an output-limiting deal struck by the Opec oil cartel.
Solo Oil has raised £2million through the issues of ordinary shares in the company.
French oil major Total will take control of Saft Groupe after a successful tender offer.
Premier Oil (LON: PMO) Plc rose the most this month in London trading after saying it’s benefiting from a decline in the British pound following the U.K.’s vote to leave the European Union.
Statoil has saved $292 million in cash as investors chose to take 43% of their total net dividend payout in shares.
Sterling and the London market swung back into positive territory on Friday morning amid easing concerns over a British exit from the European Union.
Plexus Holdings said it has agreed the terms of a conditional placing to raise £6million by way of placing more than nine million new ordinary shares.
Dong Energy said it intends to launch an Initial Public Offering (IPO) of its shares on the stock exchange in Copenhagen.
Mosman Oil and Gas expects to hold an annual general meeting on the cancellation of nine million shares which had been issued for acquisition.
A business group has warned BP not to “shrug off” one of the largest shareholder revolts over executive pay in the UK.
The US justice department is suing to stop Halliburton from buying oilfield-services rival Baker Hughes - the latest effort by the Obama administration to block mergers that it believes enrich corporations but hurt consumers.
Petroceltic International has acquired most of Worldview's debt in a bid to move towards a financial restructuring.
Cairn Energy Plc gained the most in 16 months after the explorer reported positive results from an oil well off Senegal, potentially opening up commercial development for the area.
Premier Oil saw tens of millions of pounds piled onto its market value yesterday.
Petroceltic today confirmed it would suspend its shares from trading on AIM, London’s junior stock exchange, effective immediately amid financial uncertainty.
The head of Russian state-run oil company Rosneft on Wednesday floated the idea of a coordinated output cut by major oil-producing countries to prop up sagging prices but fell short of saying whether Moscow would contribute to such a plan. Rosneft Chief Executive Igor Sechin, in a speech at the IP Week conference in London, attributed oversupply in the market to overproduction by members of the Organization of the Petroleum Exporting Countries.
Suncor said it has acquired 72.9% of Canadian Oil Sands shares.
Premier Oil's shares more than doubled in value after trading resumed this morning following a suspension caused by the acquisition of E.ON's North Sea assets.
Petroceltic could be bought over by Worldview Capital, after recently putting itself up for sale. The move comes after Worldview released a statement in which it said it was in the process of "evaluating and preparing for a possible all cash offer" for the shares in Petroceltic.