Andrew G. Inglis, chairman and CEO of Kosmos Energy, said this secondary listing on the London Stock Exchang eis the next step in the Dallas-based company’s evolution.
Total has been betting on new rather than mature fields in the North Sea and the acquisition of Maersk Oil gives it further economies of scale.
Amec Foster Wheeler PLC's proposal to sell almost all of its upstream offshore oil and gas servicing assets may be adequate for regulatory approval of its merger with John Wood Group PLC, the U.K.’s Competition and Markets Authority said.
The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Statoil's largest drilling service provider.
British wholesale gas prices rose on Aug. 7 as reduced Norwegian flows and expectations of lower temperatures created an undersupplied system, traders said.
Britain’s market regulator said on Aug. 2 a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.
Brent crude oil prices were expected to remain broadly unchanged in 2018 as U.S. shale production is able to expand at these levels, effectively capping prices.
BP is considering an IPO of its vast U.S. Midwest and Gulf Coast pipeline assets, the company said July 18, a move that would raise cash.
Centrica agreed with Bayerngas Norge to merge the companies' North Sea assets, creating the region's largest non-major oil and gas producer and allowing Centrica access to younger fields.
Shellsaid it would sell its 45% stake in the Corrib gas venture to a unit of Canada Pension Plan Investment Board for up to $1.23 billion, marking the oil company's exit from the upstream business in Ireland.