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Oil and Gas sector

Articles and latest deals news about companies operating in the oil and gas sector.

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Kea Petroleum goes offshore

New Zealand-focused Kea Petroleum has acquired a new offshore interest after raising £7 million.

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Kea Petroleum plans AIM float

Veteran Australian entrepreneur Ian Gowrie-Smith plans to float Kea Petroleum with a £6 million AIM funding.

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Moorland Energy receives £7 million 

Oil and gas investor Epi-V has invested £7 million in exploration company Moorland Energy following the discovery of gas reserves in North Yorkshire.

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Transformation on the cards for Meridian 

Meridian Petroleum wants to expand by acquisition, aided by a £6.9 million fundraising at 25p and rename itself President Petroleum.

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DCC acquires Shell’s oil distribution business

DCC Plc, a Dublin-based business support services group, has acquired Shell’s oil distribution business in Denmark, for up to €14 million (£12.3 million).

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RAK Petroleum swoops on Eagle Energy

Oman-based oil exploration company RAK Petroleum Oman has acquired rival Eagle Energy from Heritage Oil for $28 million (£19 million).

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Nor Energy UK in a valiant oil and gas deal

Woking-based Valiant Petroleum Plc has agreed to acquire Nor Energy UK, a unit of Norwegian company Nor Energy AS, for up to £3.6 million.

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Oil and gas recruitment firm in MBO

Kinetic Technical, a recruitment consultancy serving the oil and gas industries, has been bought by its management.

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August Equity in £37 million acquisition

Mid-market buy-out firm August Equity has acquired oil and gas support services company Accura for £37 million.

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AIM launch for seismic group

Thalassa Energy has raised £3.1 million on AIM to buy marine seismic equipment for offshore oil exploration and production.

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Ophir secures finance to drill

Privately owned African oil and gas exploration company Ophir Energy has secured £168 million from private investors to finance its drilling programmes until 2009.

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Indus raises £25 million on AIM

An oil and gas exploration and development company is to expand its interests in India after raising £25 million on AIM.