Aberdeen oil firm to be acquired for £382 million by Nigerian rival

15/10/2019 14:14 Energy


Aberdeen-based Eland Oil & Gas is set to be acquired for £382 million by Nigerian oil firm Seplat.

Eland directors have recommended shareholders approve Seplat’s takeover bid.


Led by North Sea veteran George Maxwell, Eland has developed a significant oil and gas production business focused on the Niger Delta.


Seplat said the acquisition will support its drive to become the leading exploration and production company focused on Nigeria.

Source: heraldscotland.com

Daily (08.11.2019): NBP spot jumped by 5.5% on Thursday amid higher demand and weaker Norwegian pipeline supply

08/11/2019 10:11:00

Crude oil prices firmed on Thursday, amid optimistic signs from China suggesting that the trade deal with the U.S. is moving closer to a much-awaited conclusion, raising hopes for a stronger crude demand. Under such circumstances, WTI futures spiked by 1.4% to $57.15 a barrel, while Brent crude inched up by 0.9% at $62.29 a barrel.


EV battery gigafactory in Poland granted €250m

08/11/2019 09:54:00

The €2.8bn LG Chem facility in Wrocław is expected to have a total production capacity of around 65GWh to 70GWh a year by 2022


Ukraine's DTEK Renewables prices EUR-325m green bond offering

08/11/2019 09:49:00

The renewables arm of Ukrainian energy group DTEK has successfully priced a debut EUR-325-million (USD 360.5m) green bond offering on Tuesday, November 5.