Search results for: Aje

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  • 22 May 2019

    AIM quoted oil and gas investment company MX Oil is planning a name change following a recent investment by a UAE sheikh. The company is also looking to consolidate its share capital in a push to lift its share price.

  • 5 December 2013

    Tangiers Petroleum Limited  and Jacka Resources Limited have entered into a Bid Implementation Agreement (“BIA”) in respect of an off-market takeover offer to be made by Tangiers for all of the issued ordinary shares in Jacka.   The statement reads that “combining the two companies will deliver a strong portfolio of highly prospective exploration, appraisal and development assets in Africa, […]

  • 16 June 2017
    Business & Finance

    Privately held oil and gas company New Age has decided to separate the roles of the chairman of the board of directors and chief executive officer (CEO). New Age said on Friday that founder Steve Lowden would remain chairman while David Stoopin would take on the role of CEO as of June 16, 2017. The […]

  • 30 December 2011
    Business & Finance, Operations & Maintenance

    Providence Resources P.l.c. confirms that it has closed its transaction to divest its Nigerian subsidiary, which holds its interest in OML 113 offshore Nigeria to Jacka Resources Limited. Under the terms of the transaction, the total consideration payable by Jacka is $16 million, $10 million of which was paid at Closing, with the balance of […]

  • 15 July 2019
    Business & Finance

    ADM Energy, an oil and gas investing company until recently known under the name of MX Oil, has appointed a new CEO.

  • 5 December 2013
    Business & Finance

    Tangiers Petroleum Limited and Jacka Resources Limited announce that they have entered into a Bid Implementation Agreement (“BIA”) in respect of an off-market takeover offer to be made by Tangiers for all of the issued ordinary shares in Jacka (“Offer”). Combining the two companies will deliver a strong portfolio of highly prospective exploration, appraisal and […]

  • 14 May 2013
    Business & Finance

    Afren has completed a farm-out agreement with Lekoil (subject to Nigerian Ministerial Consent), in respect of a 17.14% participating interest in the OPL 310 licence located offshore Nigeria. Under the terms of the farm out, Afren will receive a total carry of up to US$50 million in respect of an exploration well currently being drilled […]

  • 6 March 2017
    Business & Finance, Exploration & Production

    Oil company Erin Energy has executed a drilling services contract with Pacific Drilling for the use of the Pacific Bora drillship offshore Nigeria. The drillship was hired for drilling operations on the Oyo-9 deepwater well offshore Nigeria, Erin Energy said on Monday. Under the conditions of the contract, the drillship will work under a base […]

  • 23 May 2014

    Jacka Resources Limited today announced the successful completion of the fully underwritten Entitlement Offer which raised $2.8 million.

  • 1 November 2013

    Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces, further to the announcement made yesterday afternoon, that it has entered into a placing agreement  with Mirabaud Securities LLP and has conditionally raised, in aggregate, gross proceeds of approximately US$100 million(approximately £62 million) through the placing of, […]

  • 29 September 2010
    Business & Finance, Project & Tenders

    Financial Results for the Half Year ending June 30th 2010 Revenues for the first half of 2010 were up 8.3% to €11.335 million from €10.464 million due to increased volumes, product mix and the strength of the dollar relative to the euro. The average oil price per barrel achieved in H1 2010 was $78.42 compared […]

  • 28 January 2014

    Afren has today announced it expects to deliver record financial results for 2013, with sales revenue of circa US$1.65 billion and operating cash flow in excess of US$1.1 billion. This is driven by a year-on-year 14% increase in like-for-like net production, principally from the Ebok and Okoro fields, offshore Nigeria. Afren recorded total gross production of […]

  • 17 January 2017
    Business & Finance, Equipment

    ACE Winches has advised its employees of potential headcount reductions at its UK facilities in Turriff, Aberdeenshire. The company is currently in consultation with its staff and said it is making every effort to mitigate any potential impact on its employees. As a result of this process it is anticipated that about 30 positions will […]

  • 11 May 2018

    France’s EDF, in a joint venture with the Chilean electricity company AME, finalized the acquisition of AES Gener’s 750MW of flexible generation capacity (gas and peak demand).

  • 24 September 2015
    Project & Tenders

    Roc Oil Company Limited (ROC) has started drilling the second of two planned exploration wells, QK12-3-1D, in Block 09/05 in the Bohai Bay Basin, China.  According to AWE Limited, a partner in the project, the well will be drilled to a planned total depth of 3,600m MDRT (Measured Depth below Rotary Table) and drilling operations are estimated to […]

  • 4 December 2014
    Exploration & Production

    Oil & gas operators must share ideas and information to manage ageing North Sea platforms as safely, efficiently and cost-effectively as possible, industry leaders were told by a UK HSE manager. According to East of England Energy Group (EEEGR), about 70 per cent of installations and equipment in the Southern North Sea are older than […]

  • 24 June 2014
    Business & Finance

    Olympic Ship AS has entered into a three-year charter agreement with Bibby Offshore Limited for the vessel Olympic Ares, a multi-functional subsea support & construction vessel. The charter extends the current charter in place, now ending in late 2017. The charterer has combined options for an additional three years for a total of six years. […]

  • 25 February 2011
    Business & Finance, Research & Development

      Environment and Natural Resources Secretary Ramon J. P. Paje has directed all regional directors of the Mines and Geo-sciences Bureau to refrain from accepting and processing new mining applications nationwide. Paje issued the directive in view of the on-going cleansing of pending and inactive mining projects nationwide by the mines bureau. “As we take […]

  • 5 August 2014
    Business & Finance

    The giants of the seas, as new-age containerships are often referred to, definitely inspire feelings of awe.   The fleet of French container shipping company CMA CGM falls just within this sea giants category. It takes just a look at the bow, like this one, from CMA CGM  Amerigo Vespucci to get an idea of […]

  • 19 March 2018
    Exploration & Production

    Egypt’s offshore and onshore driller ADES has posted an increase in full-year profit and is targeting acquisition opportunities.

  • 29 January 2018
    Business & Finance

    Australian oil and gas explorer AWE has received yet another takeover proposal, a third in a space of just a few months

  • 11 December 2017

    Australian oil and gas producer AWE has attracted two takeover offers in the last seven days as companies are targeting AWE’s stake in the Waitsia gas project in Western Australia. Australia’s Mineral Resources has on Monday offered A$484 million ($364 million) for AWE, topping a sweetened bid from state-owned China Energy Reserve and Chemicals Group (CERCG). […]