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

News

Kea Petroleum goes offshore

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

News

Kea Petroleum plans AIM float

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

News

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.

News

Maven exits Cyclotech

Cyclotech, an oil and gas services company, has been sold to M-I Drilling Fluids UK, generating an exit for Maven Capital Partners.

News

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.

News

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).

News

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).

News

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.

News

Oil and gas recruitment firm in MBO

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

News

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.

News

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.

News

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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