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Cosalt agrees to sell out to chairman
News The haggling over price between oilfield safety equipment provider Cosalt and its chairman, David Ross, is over, and judging by the share price reaction, the directors of the crisis-torn firm spent most of the negotiations bent over an oil barrel.
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Heritage down on Ugandan ruling
News Oil and gas firm Heritage Oil took a tumble on Thursday after a Ugandan tribunal ruled against it in its tax dispute with the Ugandan government.
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Bowleven makes new discovery off Cameroon Coast
News Bowleven, the West Africa focused oil and gas exploration company, says it has found more hydrocarbons at its Sapele-3 well off the coast of Cameroon.
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Amerisur Resource granted modification to licence
News Amerisur Resources, an oil and gas producer and explorer focused on South America, has been granted a modification to its Global Environmental Licence, over an increased area of 4,480 hectares.
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Cosalt in dire straits
News Cosalt, the struggling Grimsby-based safety company for the oil and gas sector, has said that the firm's cash flow position has continued to deteriorate.
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Premier Oil to focus on UK North Sea
News Oil and gas firm Premier Oil said it had abandoned a well off the coast of Norway and would now move its focus onto UK waters.
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Weir Group to pay $675m for Texas firm Seaboard
News Weir Group, the FTSE 100 engineering company servicing the oil, gas and power sectors, is to pay $675m for the US wellhead specialist Seaboard.
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Finnish firm to acquire Hamworthy
News Oil and gas firm Hamworthy is set to be acquired by Finnish group Wärtsilä for around £383m.
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Rockhopper plugs sidetrack well, shares drop
News Oil explorer Rockhopper Exploration says it has completed drilling a sidetrack well at its 14/10-9z site in the North Falkland's basin.
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