Industry Developments

Canadian independent Tethys Petroleum said in a July 20 2011 press release that it intends to seek a tertiary listing on the London Stock Exchange (LSE).

US major ConocoPhillips has farmed in to nine permit applications belonging to Canadian explorer Realm Energy for shale acreage in France's Paris Basin.

British major BP has unveiled plans to invest almost US$5bn on redeveloping two mature fields in the UK's offshore West of Shetlands region.

UK-listed acquisition vehicle Vallares is eyeing a takeover of Turkey's Genel Energy, the Financial Times reported on July 10 2011.

Ophir Energy's successful IPO reflects growing investor interest in frontier African oil and gas, a trend we expect to continue as companies ramp up exploration in the underexplored... 2011-07-11

Swedish independent Lundin Petroleum has reported a gas discovery at its 7120/2-3S well in the Norwegian Barents Sea.

The British government has offered a tax concession to oil and gas companies operating in the UK North Sea in order to ensure the survival of marginal projects while sticking with plans... 2011-07-06

The Trans-Adriatic Pipeline (TAP) consortium is attempting to make itself invulnerable to ongoing financial problems in Greece.

Australia-listed unconventional gas explorer Dart Energy released a reserve certification on June 22 2011 highlighting what it said was 'among the first, and most sizeable' coal bed... 2011-06-22

French major Total has agreed to sell its UK fuels retail and distribution business to private-equity-backed consortium Rontec, which has agreed in turn to resell around a third of... 2011-06-22