I3 Energy has issued more than half a million new shares to fund its acquisition of Gain Energy’s petroleum and infrastructure assets.
Shares in Simec Atlantis Energy, which operates the MeyGen tidal array in the Pentland Firth, plummeted today.
The FTSE 100 Index failed to hold on to Monday’s gains today, despite a rally for stocks on Wall Street overnight.
An Aberdeen headquartered oil and gas firm is considering floating on a public market as part of its long term growth plans.
Chancellor George Osborne will move to try to calm market turmoil triggered by the pro-Brexit vote as Boris Johnson broke cover in a bid to start healing Tory wounds ripped open by the bitter referendum battle.
“The result of the UK’s referendum has sparked pandemonium in financial markets as the leave campaign has proved victorious after securing 51.9% of the vote.
London’s premier index was flat as investors paused for breath ahead of Thursday’s vote on Britain’s membership of the European Union.
Shares in British Gas parent Centrica dived today after the utilities firm announced a surprise share sale to raise funds.
Oil rose above $43 a barrel to its highest level so far in 2016 against a backdrop of a weak dollar, signs of increased demand from China and lingering hopes that a meeting of oil producers will agree steps to tackle the global supply glut.
Top-flight shares plunged into the red after commodity falls weighed on heavyweight oil firms and miners.
London’s top flight index made modest gains after slumping into the red in the previous session.
London’s FTSE 100 Index struggled for direction, as oil and gas exploration firm BG Group announced it had steered the business back into the black.