News


NGP backing

Private equity company NGP has committed to back Luxe Minerals with $254 million in funding to acquire mineral rights in tight oil basins onshore the US.


Wood Group launches Amec takeover move

UK contractor hopes $2.7 billion bid for Amec Foster Wheeler will be ‘transformational’ with new company keeping oil and gas portfolio at around 60% — but cuts and job losses will follow


Rumours fly over Aker bid

Shares in Aker Solutions surged this week on media reports that the Norwegian engineering contractor could be the subject of a possible takeover bid by US oilfield services giant Halliburton, writes Steve Marshall.


Qatargas in new Polish deal

State-owned Qatargas has amended an existing agreement with Polish Oil & Gas Company (PGNiG) to increase the volume of liquefied natural gas it supplies to Poland to 2 million tonnes per annum.


Work stops at Prince Rupert

Shell has halted work on the proposed Prince Rupert liquefied natural gas project on Canada’s west coast, which it inherited through its acquisition of BG Group last year.


NCS files for IPO

Privately-held fracking equipment maker NCS Multistage is looking to raise up to $100 million through an initial public offering of equity.


Cash plan by Kayne Anderson

Private equity giant Kayne Anderson has filed paperwork to raise up to $400 million for a publicly traded blank cheque company to hunt for potential merger opportunities in the US oilfields, writes Noah Brenner.