News Archive for: May 2013

Addax Petroleum has its eye on more North Sea assets with joint venture moves a possibility, according to a report.

The West Africa-focused company, which is Swiss-based, is already assessing some possible targets in the region, Reuters reported, quoting chief executive Yi Zhang.

“There are several targets at the evaluation stage….

The North Sea oil and gas industry needs to recruit and train 125,000 workers in the next 10 years as nearly half of the sector is hitting retirement age.

According to the quarterly industry survey from jobs board, oilandgaspeople.com, 44% of the workforce is already aged over 45.

The survey found…

Chevron Corporation (NYSE: CVX) announced that it has made a $500,000 contribution to the American Red Cross for the relief efforts under way to assist victims of the tornadoes that struck Moore, Oklahoma, earlier this week. In addition, the company will match donations made to the relief effort by…

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…