Finance News

 

MOL completes latest acquisition

Dec 22, 2014

Hungarian integrated oil and gas firm MOL Group has completed an acquisition of North Sea assets from London-listed Premier Oil.  MOL acquired non-operated interests in the Nexen-operated Scott (21.84%), Telford (1.59%) and Rochelle (15%) fields…

Under-sea CCS funding offered

Dec 18, 2014

The UK Government's Department for Energy and Climate Change has launched £2.5 million funding to encourage development of CO2 storage in the North Sea. The cash will help companies identify sites under the sea to store the CO2 emissions from coal and gas power stations…

KBR announces restructure

Dec 12, 2014

Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June…

Pemex board approves restructure

Nov 19, 2014

The board of directors for Mexico’s Petroleos Mexicanos (Pemex) approved a corporate restructuring plan that would see the company reorganize into two main units and five smaller subsidiaries. The national oil company said that the plan was…

Noreco seeks interest deferral

Nov 19, 2014

Norwegian exploration and production firm Noreco is seeking to defer bond and bond interest payments as it continues to face financial pressure over impairments on key production assets.  Noreco has said, according to updated reservoir modeling by operator Dong Energy…

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