The oil major said Svanberg will chair its Annual General Meeting to be held in May 2018 and will remain in position until a successor is in place
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In a trading update in May, the AIM-listed firm said discussions over contracts are taking longer than expected to conclude, although it still anticipated orders under negotiation will come through in its financial year ending in June 2018
"If everyone does things right, and councils play ball, you’ve got a resurgence in the onshore UK oil industry. “
A new programme of drilling and well testing has been approved by Surrey County Council.
It clears the group of oil companies to proceed with a new programme including two wells and a long term production test
The deal will give RockRose production of up to 7,000 barrels of oil per day.
Total will be the operator, with 50%, while Providence retains 40% of the exploration project.
Società Chimica Bussi is investing in additional manufacturing capacity for a product developed by Itaconix
“Looking ahead, we are excited about the potential to drill up to 22 additional wells at East Denver."
The Horse Hill follow-ups are showing significant signs of success, but, the markets want to see some material production statistics
“Wood Group's acquisition of AMFW has created an engineering blue-chip, with potential to enter the FTSE100 in the near term”
The energy price cap will apply to about 18mln accounts that use standard variable tariffs at least until 2020
“We IPO’d with a value of £7.5mln, but within a year we intend to have assets valued at more than £25mln“
New discoveries and more upcoming drilling will drive production growth.
SDX is on a winning streak, today making its second new discovery this month alone
The group's total income for the year more than doubled to £3.91mln from £1.92mln in the previous year
The programme won't resume until April or May 2018.
Statoil has hit an estimated 25mln to 130mln barrels of crude in a North Sea well.
Statoil sees between 25mln and 130mln barrels of oil in the new discovery which was unearthed in the side-track to the previously unsuccessful Verbier exploration well.
"Even after prudently modelling Obtala’s business opportunity with the application of punitive discount rates to reflect all the risks, fair value still appears to be significantly higher than the current share price"
The Statoil-led venture struck oil in the side-track and early estimates see the new discovery between 25mln and 130mln barrels of crude
"The opportunity for Union Jack to acquire Cairn Energy`s UK onshore hydrocarbon portfolio which comprise assets we hold in high regard, at nominal cost is an excellent result”
"Columbus is thrilled to welcome such a reputable institutional investor like Schroders onto our share register, who we hope will be one of many more investors to identify the value being created for the company's shareholders"
Already Exxon has an estimated 2.25bn to 2.75bn barrels of crude offshore Guyana, and it has unearthed another discovery - meanwhile, the Eco's exploration campaign is advancing.
“We are encouraged by the result, which reaffirms our view of the area's significant development potential," chief executive Paul Welch said