Ineos acquires ENGIE’s UK onshore assets

March 14, 2017 0

London-based petchem giant Ineos has increased its UK onshore oil and gas acreage by 10% last week, as its subsidiary Ineos Shale completed the acquisition of all UK onshore licence portfolio from French energy group ENGIE, Kallanish Energy learns.

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Oil demand not peaking yet: OPEC, IEA leaders

March 8, 2017 0

HOUSTON – The $1.5-$2 trillion of canceled/postponed oil and gas projects worldwide over the last three years could come back to hurt the industry in terms of meeting demand, the heads of the International Energy Agency and OPEC said Tuesday.

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UKOG targets UK shale oil production by late-2018

March 2, 2017 0

British independent explorer, UK Oil & Gas Investments (UKOG), plans to reach commercial production from potentially two wells at its Horse Hill oilfield project by end-2018, Kallanish Energy learns from the company.

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UK’s IGas announces potential investment

March 2, 2017 0

UK’s independent oil and gas explorer IGas announced Wednesday a potential investment of $35 million by London-based private equity fund manager Kerogen Capital dependent on a capital restructuring plan, Kallanish Energy learns.

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