All posts tagged oil

Oil Rig

BP to cut 300 North Sea jobs

Following a review of its North Sea operations, oil company BP is to cut 200 jobs and 100 contractor roles, the BBC’s Scotland Business news service revealed on Thursday. Measure to reduce BPs staff numbers are believed to have been […]

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Oil Pump in Siberia, Russia

Rosneft plans no buyout of TNK-BP minorities

OAO Rosneft (MCX:ROSN; LON:ROSN) does not intend to buy out shares from oil producer TNK-BP Holding OAO's (RTB:TNBP) minority stakeholders, the Russian oil and gas major's CEO Igor

Oil rigs at sunset

Technip acquires Norwegian Ingenium

French oil services group Technip SA (EPA:TEC) said today it had agreed to buy Norwegian offshore engineering and services contractor Ingenium AS, without specifying how much it had

Oil pipes

Puma Energy to buy Australia’s Ausfuel

Switzerland-based oil company Puma Energy LLC said today it had agreed to buy Australian fuel retailer Ausfuel Pty Ltd from private equity firm Archer Capital Pty Ltd and

Oil Pump in Siberia, Russia

Rosneft, AAR set to seal TNK-BP deal in December

Russian oil and gas major Rosneft OAO (MCX:ROSN) said on Friday it expects to reach a binding deal in December for the planned purchase of a 50% stake

River Niger

Shell’s $400 million Niger Delta security funds better invested on local communities — report

Oil giant Shell has spent almost $400m in three years guarding its installations in the Niger Delta, including maintaining its own 1,200-strong internal ‘police’ force, running a network

Oil Well

Abraxas, Blue Stone Oil & Gas to break-up Blue Eagle JV

Texas-based oil and natural gas exploration and production company Abraxas Petroleum Corp (NASDAQ:AXAS) said it had signed a letter of intent (LoI) to break-up its Blue Eagle Energy

Gas Distribution

Shell names new deadline for Cove Energy bid

Royal Dutch Shell Plc (LON:RDSA) announced on Thursday a new extension until 25 July for its £2.20 ($3.41/€2.80) a share takeover offer for Cove Energy Plc (LON:COV), after

Natural Gas Factory

Shell agrees deal for rest of Gasnor

Royal Dutch Shell Plc (LON:RDSA) announced on Wednesday a deal to acquire the remaining shares of Norwegian liquefied natural gas (LNG) supplier Gasnor AS not yet owned for

Gas Distribution

Forestar’s target Credo Petroleum gets no offers

US oil and gas explorer Credo Petroleum Corp (NASDAQ:CRED) announced on Tuesday it had received no alternative takeover approaches during the go-shop period agreed with its suitor Forestar

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