North Sea-focused Trap Oil, an oil and gas exploration and appraisal company focused on the UK Continental Shelf, has raised £4.3 million through a placing on AIM.
Mid-market private equity firm LDC has committed £50 million to the second fund of oil and gas services investor Epi-V, taking the total amount raised to £110 million.
Engineering and design consultancy business WS Atkins has made its second acquisition in the past two months with the purchase of Finland-headquartered Poyry for a total of €17.25 million (£15.38 million).
Oil and gas exploration company Heritage Oil is commencing a $100 million share buy back programme after its board of directors decided that the current share price is trading below the company’s value.
