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OIL & GAS

Oando acquires ConocoPhillips Nigerian oil and gas business for $1.5bn

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Nigeria-focused oil and gas explorer Oando Energy Resources (OER) on Wednesday announced that it had completed the acquisition of the Nigerian upstream oil and gas business of New York-listed ConocoPhillips for a total cash consideration of...
30th July 2014
 
 
CAPITAL RAISING

LNG raises A$38.6m for Bear Head acquisition

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ASX-listed Liquefied Natural Gas (LNG) on Wednesday announced that it would raise A$38.6-million to fund the acquisition and development of the Bear Head LNG project, in Canada. Earlier this week, LNG announced that it would spend $11-million to...
30th July 2014
 
 
ENERGY

Consol Energy widens Q2 loss as special items hurt bottom line

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The NYSE-listed stock of US fossil fuels producer Consol Energy on Tuesday morning lost as much as $0.62 apiece after it reported that its second-quarter loss nearly doubled as a result of once-off charges related to retiring some of its debt...
29th July 2014
 
 
OIL & GAS

Beach hits record production in full year

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ASX-listed Beach Energy has reported record full-year production during the year ended June, along with record full year sales. During the year ended June, Beach produced 9.6-million barrels of oil equivalent, a 20% increase on the previous...
29th July 2014
 
 
OIL & GAS

LNG buys Canada project from Anadarko subsidiary

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ASX-listed Liquefied Natural Gas (LNG) would spend $11-million to acquire the Bear Head LNG project, in Canada, from a subsidiary of Anadarko Petroleum Corporation. The Bear Head project includes 225 acres comprising industrial-zoned land and...
28th July 2014
 
 
OIL & GAS

Minister launches drill operation for first S African offshore deep-water well

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Mineral Resources Minister Advocate Ngoako Ramatlhodi on Thursday officially launched the drill operation for South Africa’s first offshore deep-water well, south of Mossel Bay. The well, which would be operated by petroleum company Total, gave...
24th July 2014
 
 
DIVERSIFIED MINER

Freeport-McMoRan reports improved Q2 revenues

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Grasberg, Indonesia US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global...
23rd July 2014
 
 
CORPORATE ACTIVITY

Antares shareholders vote to keep board

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The shareholders of ASX-listed Antares Energy on Wednesday threw their support behind the company’s board, subverting a call from shareholder Lone Star Value Management to replace the current board. In May, Lone Star, which owns a 6%...
23rd July 2014
 
 
 
 
 
 
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