News & Commentary

Summary

The boards of Parkmead and Lochard are pleased to announce that they have reached agreement on the terms of a recommended all-share offer for Lochard, pursuant to which Parkmead will acquire the entire issued and to be issued ordinary share capital of Lochard (the “Acquisition”). It is intended that…

Ambitious proposals for a multi-million pound redevelopment of a long-neglected area in the heart of Aberdeen have been submitted to the city council.

EnQuest and its partner, the developer Drum Property Group are proposing the demolition of the derelict Aberdeen Seafood Park in the harbour area. It would be replaced…

The hunt for Shell’s next chief executive is under way, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group’s annual shareholder meeting.

Voser announced his surprise decision three weeks ago to step down in the first half of 2014,…

Reuters reports that the second-largest U.S oil company is in advanced talks to sell its downstream assets in Egypt and Pakistan, according to sources.

Chevron is conducting a separate sale process for its assets in both countries, banking sources have said, speaking on condition of anonymity as the matter is…

Hallin Marine, a Superior Energy Services company, has secured a contract with EnQuest for an inspection, repair and maintenance (IRM) project in the UK Sector of the North Sea.

The work will include full structural inspection activities as well as a number of repair and maintenance operations at EnQuest’s Thistle…