United Kingdom

The directors of AIM-listed Cove Energy have recommended to shareholders that they accept Royal Dutch Shell 's US$1.8bn take-over bid. Though rival offers can still be made, BMI... 2012-04-24

We expect there to be strong interest in the acquisition of Cove Energy, particularly from oil majors keen to add the company's gas assets in Mozambique to their Asia-focused LNG portfolios.

Tullow has sued Heritage over a long-running tax dispute, keeping alive its hopes that it might be able to reclaim hundreds of millions of dollars in taxes it paid on behalf of Heritage.... 2011-04-19

Ophir Energy is looking at a potential IPO in London that would value the company at US$2bn. We think Ophir would do better to raise capital through farming out stakes in some of its... 2011-04-05

Many a private company seeks to take advantage of auspicious market conditions to launch an initial public offering (IPO), but getting the timing right is often tricky, even for oil... 2011-03-31

UK-listed independent Heritage Oil has received a takeover offer from an unnamed Abu Dhabi-based company, the Financial Times (FT) reported on March 16 2011, quoting an unnamed source.... 2011-03-17

The BMI oil supply and demand assumptions for 2009 and beyond have again been revised for all 67 countries forming part of our detailed coverage, reflecting the changing macroeconomic... 2009-10-20

Independent Tullow Oil has released its H109 financial results. The company reported revenues of GBP291.3mn (US$476.4mn) in H109, down from GBP378mn in H108, and net profit fell... 2009-08-27

News: Maersk Oil has announced the start of oil production at the Affleck development at Block 30/19a in the UK section of the North Sea.

Oil market fundamentals remain unattractive. Demand refuses to recover. The US driving season was a non-starter, with gasoline consumption much lower than had been hoped. Industrial... 2009-08-17