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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| TXO | LSE:TXO | London | Ordinary Share | GB00B3SYR037 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.045 | - | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
| Date | Subject | Author | Discuss |
|---|---|---|---|
| 03/1/2018 23:12 | Why has CH allowed dear Timmy to disguise his full list of Directorships/catast | outspan | |
| 02/1/2018 11:13 | What Drove WTI Above $60? By Nick Cunningham - Dec 27, 2017, 6:00 PM CST Oil Rig WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear. However, Libya’s National Oil Company said that the incident will curtail output by 70,000 to 100,000 bpd – not a trivial amount of supply, but not the nightmare scenario that some oil traders may have feared. The National Oil Company said that Waha Oil Co. "has immediately diverted production to the Samah line,” which will help keep oil flowing. “However, NOC expects a reduction in production of [between] 70,000 to 100,000 barrels a day," the statement said, according to S&P Global Platts. The Es Sider terminal was one of the main export facilities that suffered disruptions in recent years, and its return to operation is what has helped Libya ramp up oil production and exports, restoring shipments to 1 million barrels per day (mb/d) from less than half of that a little more than a year ago. The outage is not catastrophic, but Brent prices jumped more than 2.5 percent on the news, closing in on $67 per barrel, while WTI topped $60 per barrel for the first time in more than two and a half years. Related: The Biggest Factors In Future Oil Production The jolt to prices speaks a lot to how psychology can move the market. After all, the amount of supply knocked offline in Libya is about equivalent to the volume added to the global market from U.S. shale in just the past few weeks. And despite the U.S. adding supply in such a short amount of time, prices have posted gains since the start of December. The markets have priced in gains from shale, but they haven’t priced in unexpected outages. The disruption in Libya, as long as the size of the volume knocked offline stays at the 100,000-bpd level, probably won’t have a major effect on the oil market. Indeed, prices fell back after it became clear that the disruption was as small as it is. But the market jitters are magnified by the fact that the oil market is a lot tighter than it used to be. Inventories have dramatically declined, and are sitting roughly 100 million barrels above the five-year average, less than a third of the peak surplus the market saw last year. An outage in Libya could help accelerate the rebalancing process, depending on how long it takes for the pipeline to see repairs. It also comes on the heels of a roughly 400,000-450,000 bpd outage in the North Sea because of the crack in the Forties pipeline. Moreover, a string of geopolitical events in the second half of 2017 acted as price catalysts, a notable change after about three years during which no amount of unrest was able bother oil prices at all. Related: Goldman: Oil Markets To Balance Sooner Than Expected These incidents highlight the unforeseen risks to supply, although in the case of the latter, repairs are expected to be completed in the next few days with a full return to operation of the Forties pipeline expected in January. “Oil markets got a real big reminder of all the different things that can and will drive prices—from investor flows to geopolitics to unplanned disruptions pipelines and refineries,” Michael Wittner, global head of oil research at Société Investors trading in oil futures are starting to show some signs of nervousness, which makes incidents like the Libya outage important. Hedge funds and other money managers trimmed their net-length in WTI futures for the week ending on December 19, the third consecutive week of a decline. The outage in Libya could stave off a further liquidation of bullish bets, but the return of the Forties pipeline might also pose downside risk. There is "some worry about what next month is going to bring," John Kilduff, founding partner at Again Capital LLC told Bloomberg. "There’s not as much enthusiasm about the OPEC/non-OPEC accord as there was even a few weeks ago." | lofuw | |
| 02/1/2018 11:12 | What Drove WTI Above $60? By Nick Cunningham - Dec 27, 2017, 6:00 PM CST Oil Rig WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear. However, Libya’s National Oil Company said that the incident will curtail output by 70,000 to 100,000 bpd – not a trivial amount of supply, but not the nightmare scenario that some oil traders may have feared. The National Oil Company said that Waha Oil Co. "has immediately diverted production to the Samah line,” which will help keep oil flowing. “However, NOC expects a reduction in production of [between] 70,000 to 100,000 barrels a day," the statement said, according to S&P Global Platts. The Es Sider terminal was one of the main export facilities that suffered disruptions in recent years, and its return to operation is what has helped Libya ramp up oil production and exports, restoring shipments to 1 million barrels per day (mb/d) from less than half of that a little more than a year ago. The outage is not catastrophic, but Brent prices jumped more than 2.5 percent on the news, closing in on $67 per barrel, while WTI topped $60 per barrel for the first time in more than two and a half years. Related: The Biggest Factors In Future Oil Production The jolt to prices speaks a lot to how psychology can move the market. After all, the amount of supply knocked offline in Libya is about equivalent to the volume added to the global market from U.S. shale in just the past few weeks. And despite the U.S. adding supply in such a short amount of time, prices have posted gains since the start of December. The markets have priced in gains from shale, but they haven’t priced in unexpected outages. The disruption in Libya, as long as the size of the volume knocked offline stays at the 100,000-bpd level, probably won’t have a major effect on the oil market. Indeed, prices fell back after it became clear that the disruption was as small as it is. But the market jitters are magnified by the fact that the oil market is a lot tighter than it used to be. Inventories have dramatically declined, and are sitting roughly 100 million barrels above the five-year average, less than a third of the peak surplus the market saw last year. An outage in Libya could help accelerate the rebalancing process, depending on how long it takes for the pipeline to see repairs. It also comes on the heels of a roughly 400,000-450,000 bpd outage in the North Sea because of the crack in the Forties pipeline. Moreover, a string of geopolitical events in the second half of 2017 acted as price catalysts, a notable change after about three years during which no amount of unrest was able bother oil prices at all. Related: Goldman: Oil Markets To Balance Sooner Than Expected These incidents highlight the unforeseen risks to supply, although in the case of the latter, repairs are expected to be completed in the next few days with a full return to operation of the Forties pipeline expected in January. “Oil markets got a real big reminder of all the different things that can and will drive prices—from investor flows to geopolitics to unplanned disruptions pipelines and refineries,” Michael Wittner, global head of oil research at Société Investors trading in oil futures are starting to show some signs of nervousness, which makes incidents like the Libya outage important. Hedge funds and other money managers trimmed their net-length in WTI futures for the week ending on December 19, the third consecutive week of a decline. The outage in Libya could stave off a further liquidation of bullish bets, but the return of the Forties pipeline might also pose downside risk. There is "some worry about what next month is going to bring," John Kilduff, founding partner at Again Capital LLC told Bloomberg. "There’s not as much enthusiasm about the OPEC/non-OPEC accord as there was even a few weeks ago." | lofuw | |
| 02/1/2018 11:12 | What Drove WTI Above $60? By Nick Cunningham - Dec 27, 2017, 6:00 PM CST Oil Rig WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear. However, Libya’s National Oil Company said that the incident will curtail output by 70,000 to 100,000 bpd – not a trivial amount of supply, but not the nightmare scenario that some oil traders may have feared. The National Oil Company said that Waha Oil Co. "has immediately diverted production to the Samah line,” which will help keep oil flowing. “However, NOC expects a reduction in production of [between] 70,000 to 100,000 barrels a day," the statement said, according to S&P Global Platts. The Es Sider terminal was one of the main export facilities that suffered disruptions in recent years, and its return to operation is what has helped Libya ramp up oil production and exports, restoring shipments to 1 million barrels per day (mb/d) from less than half of that a little more than a year ago. The outage is not catastrophic, but Brent prices jumped more than 2.5 percent on the news, closing in on $67 per barrel, while WTI topped $60 per barrel for the first time in more than two and a half years. Related: The Biggest Factors In Future Oil Production The jolt to prices speaks a lot to how psychology can move the market. After all, the amount of supply knocked offline in Libya is about equivalent to the volume added to the global market from U.S. shale in just the past few weeks. And despite the U.S. adding supply in such a short amount of time, prices have posted gains since the start of December. The markets have priced in gains from shale, but they haven’t priced in unexpected outages. The disruption in Libya, as long as the size of the volume knocked offline stays at the 100,000-bpd level, probably won’t have a major effect on the oil market. Indeed, prices fell back after it became clear that the disruption was as small as it is. But the market jitters are magnified by the fact that the oil market is a lot tighter than it used to be. Inventories have dramatically declined, and are sitting roughly 100 million barrels above the five-year average, less than a third of the peak surplus the market saw last year. An outage in Libya could help accelerate the rebalancing process, depending on how long it takes for the pipeline to see repairs. It also comes on the heels of a roughly 400,000-450,000 bpd outage in the North Sea because of the crack in the Forties pipeline. Moreover, a string of geopolitical events in the second half of 2017 acted as price catalysts, a notable change after about three years during which no amount of unrest was able bother oil prices at all. Related: Goldman: Oil Markets To Balance Sooner Than Expected These incidents highlight the unforeseen risks to supply, although in the case of the latter, repairs are expected to be completed in the next few days with a full return to operation of the Forties pipeline expected in January. “Oil markets got a real big reminder of all the different things that can and will drive prices—from investor flows to geopolitics to unplanned disruptions pipelines and refineries,” Michael Wittner, global head of oil research at Société Investors trading in oil futures are starting to show some signs of nervousness, which makes incidents like the Libya outage important. Hedge funds and other money managers trimmed their net-length in WTI futures for the week ending on December 19, the third consecutive week of a decline. The outage in Libya could stave off a further liquidation of bullish bets, but the return of the Forties pipeline might also pose downside risk. There is "some worry about what next month is going to bring," John Kilduff, founding partner at Again Capital LLC told Bloomberg. "There’s not as much enthusiasm about the OPEC/non-OPEC accord as there was even a few weeks ago." | lofuw | |
| 02/1/2018 11:12 | What Drove WTI Above $60? By Nick Cunningham - Dec 27, 2017, 6:00 PM CST Oil Rig WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear. However, Libya’s National Oil Company said that the incident will curtail output by 70,000 to 100,000 bpd – not a trivial amount of supply, but not the nightmare scenario that some oil traders may have feared. The National Oil Company said that Waha Oil Co. "has immediately diverted production to the Samah line,” which will help keep oil flowing. “However, NOC expects a reduction in production of [between] 70,000 to 100,000 barrels a day," the statement said, according to S&P Global Platts. The Es Sider terminal was one of the main export facilities that suffered disruptions in recent years, and its return to operation is what has helped Libya ramp up oil production and exports, restoring shipments to 1 million barrels per day (mb/d) from less than half of that a little more than a year ago. The outage is not catastrophic, but Brent prices jumped more than 2.5 percent on the news, closing in on $67 per barrel, while WTI topped $60 per barrel for the first time in more than two and a half years. Related: The Biggest Factors In Future Oil Production The jolt to prices speaks a lot to how psychology can move the market. After all, the amount of supply knocked offline in Libya is about equivalent to the volume added to the global market from U.S. shale in just the past few weeks. And despite the U.S. adding supply in such a short amount of time, prices have posted gains since the start of December. The markets have priced in gains from shale, but they haven’t priced in unexpected outages. The disruption in Libya, as long as the size of the volume knocked offline stays at the 100,000-bpd level, probably won’t have a major effect on the oil market. Indeed, prices fell back after it became clear that the disruption was as small as it is. But the market jitters are magnified by the fact that the oil market is a lot tighter than it used to be. Inventories have dramatically declined, and are sitting roughly 100 million barrels above the five-year average, less than a third of the peak surplus the market saw last year. An outage in Libya could help accelerate the rebalancing process, depending on how long it takes for the pipeline to see repairs. It also comes on the heels of a roughly 400,000-450,000 bpd outage in the North Sea because of the crack in the Forties pipeline. Moreover, a string of geopolitical events in the second half of 2017 acted as price catalysts, a notable change after about three years during which no amount of unrest was able bother oil prices at all. Related: Goldman: Oil Markets To Balance Sooner Than Expected These incidents highlight the unforeseen risks to supply, although in the case of the latter, repairs are expected to be completed in the next few days with a full return to operation of the Forties pipeline expected in January. “Oil markets got a real big reminder of all the different things that can and will drive prices—from investor flows to geopolitics to unplanned disruptions pipelines and refineries,” Michael Wittner, global head of oil research at Société Investors trading in oil futures are starting to show some signs of nervousness, which makes incidents like the Libya outage important. Hedge funds and other money managers trimmed their net-length in WTI futures for the week ending on December 19, the third consecutive week of a decline. The outage in Libya could stave off a further liquidation of bullish bets, but the return of the Forties pipeline might also pose downside risk. There is "some worry about what next month is going to bring," John Kilduff, founding partner at Again Capital LLC told Bloomberg. "There’s not as much enthusiasm about the OPEC/non-OPEC accord as there was even a few weeks ago." | lofuw | |
| 02/1/2018 11:12 | What Drove WTI Above $60? By Nick Cunningham - Dec 27, 2017, 6:00 PM CST Oil Rig WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear. However, Libya’s National Oil Company said that the incident will curtail output by 70,000 to 100,000 bpd – not a trivial amount of supply, but not the nightmare scenario that some oil traders may have feared. The National Oil Company said that Waha Oil Co. "has immediately diverted production to the Samah line,” which will help keep oil flowing. “However, NOC expects a reduction in production of [between] 70,000 to 100,000 barrels a day," the statement said, according to S&P Global Platts. The Es Sider terminal was one of the main export facilities that suffered disruptions in recent years, and its return to operation is what has helped Libya ramp up oil production and exports, restoring shipments to 1 million barrels per day (mb/d) from less than half of that a little more than a year ago. The outage is not catastrophic, but Brent prices jumped more than 2.5 percent on the news, closing in on $67 per barrel, while WTI topped $60 per barrel for the first time in more than two and a half years. Related: The Biggest Factors In Future Oil Production The jolt to prices speaks a lot to how psychology can move the market. After all, the amount of supply knocked offline in Libya is about equivalent to the volume added to the global market from U.S. shale in just the past few weeks. And despite the U.S. adding supply in such a short amount of time, prices have posted gains since the start of December. The markets have priced in gains from shale, but they haven’t priced in unexpected outages. The disruption in Libya, as long as the size of the volume knocked offline stays at the 100,000-bpd level, probably won’t have a major effect on the oil market. Indeed, prices fell back after it became clear that the disruption was as small as it is. But the market jitters are magnified by the fact that the oil market is a lot tighter than it used to be. Inventories have dramatically declined, and are sitting roughly 100 million barrels above the five-year average, less than a third of the peak surplus the market saw last year. An outage in Libya could help accelerate the rebalancing process, depending on how long it takes for the pipeline to see repairs. It also comes on the heels of a roughly 400,000-450,000 bpd outage in the North Sea because of the crack in the Forties pipeline. Moreover, a string of geopolitical events in the second half of 2017 acted as price catalysts, a notable change after about three years during which no amount of unrest was able bother oil prices at all. Related: Goldman: Oil Markets To Balance Sooner Than Expected These incidents highlight the unforeseen risks to supply, although in the case of the latter, repairs are expected to be completed in the next few days with a full return to operation of the Forties pipeline expected in January. “Oil markets got a real big reminder of all the different things that can and will drive prices—from investor flows to geopolitics to unplanned disruptions pipelines and refineries,” Michael Wittner, global head of oil research at Société Investors trading in oil futures are starting to show some signs of nervousness, which makes incidents like the Libya outage important. Hedge funds and other money managers trimmed their net-length in WTI futures for the week ending on December 19, the third consecutive week of a decline. The outage in Libya could stave off a further liquidation of bullish bets, but the return of the Forties pipeline might also pose downside risk. There is "some worry about what next month is going to bring," John Kilduff, founding partner at Again Capital LLC told Bloomberg. "There’s not as much enthusiasm about the OPEC/non-OPEC accord as there was even a few weeks ago." | lofuw | |
| 02/1/2018 10:50 | Poor little Timmy, nothing better to do on New Year's eve than spam this board. Happy New Year Timmy, could 2018 finally be the year when you are disqualified as a director? Now that would be good news for small investors and well worth raising a glass of bubbly to. | sweet karolina | |
| 27/12/2017 21:20 | will txo relist? | temmujin | |
| 27/12/2017 20:41 | 017 M&A activity passes $8bn mark as confidence gradually returns to UKCS December 18, 2017 Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight – which gives the most recent overview of the current business environment as well as operational trends and performance on the UKCS – says that the recent increase in M&A activity in the basin should help to attract new investment over the next couple of years. There are also signs that a number of significant projects could secure approval in the new year, offering a more positive outlook for the whole industry in 2018. Mike Tholen, Oil and Gas UK’s Upstream Policy Director, said: “This year has been a very busy one for M&A activity which must be seen as a sign that confidence is returning the basin. Now with Transferable Tax History (TTH) in play, we expect that M&A activity will continue into 2018 as established players can more easily divest their non-core assets to companies better suited to invest in them and extend field life. “Analysis shows that when an asset changes operatorship, average field life extension of nearly five years is achieved, and I am confident that trend will continue to shape the future of the UKCS.” Although larger discoveries are still being made in the UK – with the basin’s technical exploration success topping 300 million barrels of oil equivalent for a second consecutive year – the Market Insight, which has a special section on wells, notes that challenges do still exist within the drilling and wells area of the industry. The low level of development drilling during 2017 is of particular concern, with just 63 wells drilled during the first three quarters of the year. Mr Tholen added: “Oil and Gas UK’s Wells Forum is working with the industry on a basin-wide performance improvement strategy which will help to make well construction a more efficient and cost-effective process. “Success in our wells strategy will create a virtuous circle to help unlock more opportunities on the UKCS.” Oil & Gas UK plans to release a Market Insight Report every six months, with each issue featuring a different area of focus. Read the first Market Insight Report 2017 here. ENDS Notes to editors: Oil & Gas UK’s Market Intelligence Manager Adam Davey is available for interview. To arrange, contact Communications Manager Jennifer Phillips 01224 577279 / jphillips@oilandgasu Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies. ABOUT OIL & GAS UK Our aim is to strengthen the long-term health of the offshore oil and gas industry in the United Kingdom by working closely with companies across the sector QUICK LINKS Home Events & Training Publications Membership About Us Working in Industry Careers Oil & Gas UK Register of Examining Doctors SOCIAL LINKS COMPANY INFORMATION Registered office: Oil & Gas UK 6th Floor East, Portland House, Bressenden Place, London, SW1E 5BH Company No: 1119804 Legal, Copyright Issues and Privacy Statement © 2017 THE UK OIL AND GAS IN | lofuw | |
| 27/12/2017 20:41 | 017 M&A activity passes $8bn mark as confidence gradually returns to UKCS December 18, 2017 Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight – which gives the most recent overview of the current business environment as well as operational trends and performance on the UKCS – says that the recent increase in M&A activity in the basin should help to attract new investment over the next couple of years. There are also signs that a number of significant projects could secure approval in the new year, offering a more positive outlook for the whole industry in 2018. Mike Tholen, Oil and Gas UK’s Upstream Policy Director, said: “This year has been a very busy one for M&A activity which must be seen as a sign that confidence is returning the basin. Now with Transferable Tax History (TTH) in play, we expect that M&A activity will continue into 2018 as established players can more easily divest their non-core assets to companies better suited to invest in them and extend field life. “Analysis shows that when an asset changes operatorship, average field life extension of nearly five years is achieved, and I am confident that trend will continue to shape the future of the UKCS.” Although larger discoveries are still being made in the UK – with the basin’s technical exploration success topping 300 million barrels of oil equivalent for a second consecutive year – the Market Insight, which has a special section on wells, notes that challenges do still exist within the drilling and wells area of the industry. The low level of development drilling during 2017 is of particular concern, with just 63 wells drilled during the first three quarters of the year. Mr Tholen added: “Oil and Gas UK’s Wells Forum is working with the industry on a basin-wide performance improvement strategy which will help to make well construction a more efficient and cost-effective process. “Success in our wells strategy will create a virtuous circle to help unlock more opportunities on the UKCS.” Oil & Gas UK plans to release a Market Insight Report every six months, with each issue featuring a different area of focus. Read the first Market Insight Report 2017 here. ENDS Notes to editors: Oil & Gas UK’s Market Intelligence Manager Adam Davey is available for interview. To arrange, contact Communications Manager Jennifer Phillips 01224 577279 / jphillips@oilandgasu Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies. ABOUT OIL & GAS UK Our aim is to strengthen the long-term health of the offshore oil and gas industry in the United Kingdom by working closely with companies across the sector QUICK LINKS Home Events & Training Publications Membership About Us Working in Industry Careers Oil & Gas UK Register of Examining Doctors SOCIAL LINKS COMPANY INFORMATION Registered office: Oil & Gas UK 6th Floor East, Portland House, Bressenden Place, London, SW1E 5BH Company No: 1119804 Legal, Copyright Issues and Privacy Statement © 2017 THE UK OIL AND GAS IN | lofuw | |
| 27/12/2017 20:40 | 017 M&A activity passes $8bn mark as confidence gradually returns to UKCS December 18, 2017 Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight – which gives the most recent overview of the current business environment as well as operational trends and performance on the UKCS – says that the recent increase in M&A activity in the basin should help to attract new investment over the next couple of years. There are also signs that a number of significant projects could secure approval in the new year, offering a more positive outlook for the whole industry in 2018. Mike Tholen, Oil and Gas UK’s Upstream Policy Director, said: “This year has been a very busy one for M&A activity which must be seen as a sign that confidence is returning the basin. Now with Transferable Tax History (TTH) in play, we expect that M&A activity will continue into 2018 as established players can more easily divest their non-core assets to companies better suited to invest in them and extend field life. “Analysis shows that when an asset changes operatorship, average field life extension of nearly five years is achieved, and I am confident that trend will continue to shape the future of the UKCS.” Although larger discoveries are still being made in the UK – with the basin’s technical exploration success topping 300 million barrels of oil equivalent for a second consecutive year – the Market Insight, which has a special section on wells, notes that challenges do still exist within the drilling and wells area of the industry. The low level of development drilling during 2017 is of particular concern, with just 63 wells drilled during the first three quarters of the year. Mr Tholen added: “Oil and Gas UK’s Wells Forum is working with the industry on a basin-wide performance improvement strategy which will help to make well construction a more efficient and cost-effective process. “Success in our wells strategy will create a virtuous circle to help unlock more opportunities on the UKCS.” Oil & Gas UK plans to release a Market Insight Report every six months, with each issue featuring a different area of focus. Read the first Market Insight Report 2017 here. ENDS Notes to editors: Oil & Gas UK’s Market Intelligence Manager Adam Davey is available for interview. To arrange, contact Communications Manager Jennifer Phillips 01224 577279 / jphillips@oilandgasu Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies. ABOUT OIL & GAS UK Our aim is to strengthen the long-term health of the offshore oil and gas industry in the United Kingdom by working closely with companies across the sector QUICK LINKS Home Events & Training Publications Membership About Us Working in Industry Careers Oil & Gas UK Register of Examining Doctors SOCIAL LINKS COMPANY INFORMATION Registered office: Oil & Gas UK 6th Floor East, Portland House, Bressenden Place, London, SW1E 5BH Company No: 1119804 Legal, Copyright Issues and Privacy Statement © 2017 THE UK OIL AND GAS IN | lofuw | |
| 27/12/2017 20:40 | 017 M&A activity passes $8bn mark as confidence gradually returns to UKCS December 18, 2017 Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight – which gives the most recent overview of the current business environment as well as operational trends and performance on the UKCS – says that the recent increase in M&A activity in the basin should help to attract new investment over the next couple of years. There are also signs that a number of significant projects could secure approval in the new year, offering a more positive outlook for the whole industry in 2018. Mike Tholen, Oil and Gas UK’s Upstream Policy Director, said: “This year has been a very busy one for M&A activity which must be seen as a sign that confidence is returning the basin. Now with Transferable Tax History (TTH) in play, we expect that M&A activity will continue into 2018 as established players can more easily divest their non-core assets to companies better suited to invest in them and extend field life. “Analysis shows that when an asset changes operatorship, average field life extension of nearly five years is achieved, and I am confident that trend will continue to shape the future of the UKCS.” Although larger discoveries are still being made in the UK – with the basin’s technical exploration success topping 300 million barrels of oil equivalent for a second consecutive year – the Market Insight, which has a special section on wells, notes that challenges do still exist within the drilling and wells area of the industry. The low level of development drilling during 2017 is of particular concern, with just 63 wells drilled during the first three quarters of the year. Mr Tholen added: “Oil and Gas UK’s Wells Forum is working with the industry on a basin-wide performance improvement strategy which will help to make well construction a more efficient and cost-effective process. “Success in our wells strategy will create a virtuous circle to help unlock more opportunities on the UKCS.” Oil & Gas UK plans to release a Market Insight Report every six months, with each issue featuring a different area of focus. Read the first Market Insight Report 2017 here. ENDS Notes to editors: Oil & Gas UK’s Market Intelligence Manager Adam Davey is available for interview. To arrange, contact Communications Manager Jennifer Phillips 01224 577279 / jphillips@oilandgasu Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies. ABOUT OIL & GAS UK Our aim is to strengthen the long-term health of the offshore oil and gas industry in the United Kingdom by working closely with companies across the sector QUICK LINKS Home Events & Training Publications Membership About Us Working in Industry Careers Oil & Gas UK Register of Examining Doctors SOCIAL LINKS COMPANY INFORMATION Registered office: Oil & Gas UK 6th Floor East, Portland House, Bressenden Place, London, SW1E 5BH Company No: 1119804 Legal, Copyright Issues and Privacy Statement © 2017 THE UK OIL AND GAS IN | lofuw | |
| 27/12/2017 20:40 | 017 M&A activity passes $8bn mark as confidence gradually returns to UKCS December 18, 2017 Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight – which gives the most recent overview of the current business environment as well as operational trends and performance on the UKCS – says that the recent increase in M&A activity in the basin should help to attract new investment over the next couple of years. There are also signs that a number of significant projects could secure approval in the new year, offering a more positive outlook for the whole industry in 2018. Mike Tholen, Oil and Gas UK’s Upstream Policy Director, said: “This year has been a very busy one for M&A activity which must be seen as a sign that confidence is returning the basin. Now with Transferable Tax History (TTH) in play, we expect that M&A activity will continue into 2018 as established players can more easily divest their non-core assets to companies better suited to invest in them and extend field life. “Analysis shows that when an asset changes operatorship, average field life extension of nearly five years is achieved, and I am confident that trend will continue to shape the future of the UKCS.” Although larger discoveries are still being made in the UK – with the basin’s technical exploration success topping 300 million barrels of oil equivalent for a second consecutive year – the Market Insight, which has a special section on wells, notes that challenges do still exist within the drilling and wells area of the industry. The low level of development drilling during 2017 is of particular concern, with just 63 wells drilled during the first three quarters of the year. Mr Tholen added: “Oil and Gas UK’s Wells Forum is working with the industry on a basin-wide performance improvement strategy which will help to make well construction a more efficient and cost-effective process. “Success in our wells strategy will create a virtuous circle to help unlock more opportunities on the UKCS.” Oil & Gas UK plans to release a Market Insight Report every six months, with each issue featuring a different area of focus. Read the first Market Insight Report 2017 here. ENDS Notes to editors: Oil & Gas UK’s Market Intelligence Manager Adam Davey is available for interview. To arrange, contact Communications Manager Jennifer Phillips 01224 577279 / jphillips@oilandgasu Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies. ABOUT OIL & GAS UK Our aim is to strengthen the long-term health of the offshore oil and gas industry in the United Kingdom by working closely with companies across the sector QUICK LINKS Home Events & Training Publications Membership About Us Working in Industry Careers Oil & Gas UK Register of Examining Doctors SOCIAL LINKS COMPANY INFORMATION Registered office: Oil & Gas UK 6th Floor East, Portland House, Bressenden Place, London, SW1E 5BH Company No: 1119804 Legal, Copyright Issues and Privacy Statement © 2017 THE UK OIL AND GAS IN | lofuw | |
| 27/12/2017 20:40 | 017 M&A activity passes $8bn mark as confidence gradually returns to UKCS December 18, 2017 Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight – which gives the most recent overview of the current business environment as well as operational trends and performance on the UKCS – says that the recent increase in M&A activity in the basin should help to attract new investment over the next couple of years. There are also signs that a number of significant projects could secure approval in the new year, offering a more positive outlook for the whole industry in 2018. Mike Tholen, Oil and Gas UK’s Upstream Policy Director, said: “This year has been a very busy one for M&A activity which must be seen as a sign that confidence is returning the basin. Now with Transferable Tax History (TTH) in play, we expect that M&A activity will continue into 2018 as established players can more easily divest their non-core assets to companies better suited to invest in them and extend field life. “Analysis shows that when an asset changes operatorship, average field life extension of nearly five years is achieved, and I am confident that trend will continue to shape the future of the UKCS.” Although larger discoveries are still being made in the UK – with the basin’s technical exploration success topping 300 million barrels of oil equivalent for a second consecutive year – the Market Insight, which has a special section on wells, notes that challenges do still exist within the drilling and wells area of the industry. The low level of development drilling during 2017 is of particular concern, with just 63 wells drilled during the first three quarters of the year. Mr Tholen added: “Oil and Gas UK’s Wells Forum is working with the industry on a basin-wide performance improvement strategy which will help to make well construction a more efficient and cost-effective process. “Success in our wells strategy will create a virtuous circle to help unlock more opportunities on the UKCS.” Oil & Gas UK plans to release a Market Insight Report every six months, with each issue featuring a different area of focus. Read the first Market Insight Report 2017 here. ENDS Notes to editors: Oil & Gas UK’s Market Intelligence Manager Adam Davey is available for interview. To arrange, contact Communications Manager Jennifer Phillips 01224 577279 / jphillips@oilandgasu Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies. ABOUT OIL & GAS UK Our aim is to strengthen the long-term health of the offshore oil and gas industry in the United Kingdom by working closely with companies across the sector QUICK LINKS Home Events & Training Publications Membership About Us Working in Industry Careers Oil & Gas UK Register of Examining Doctors SOCIAL LINKS COMPANY INFORMATION Registered office: Oil & Gas UK 6th Floor East, Portland House, Bressenden Place, London, SW1E 5BH Company No: 1119804 Legal, Copyright Issues and Privacy Statement © 2017 THE UK OIL AND GAS IN | lofuw | |
| 27/12/2017 20:40 | 017 M&A activity passes $8bn mark as confidence gradually returns to UKCS December 18, 2017 Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight – which gives the most recent overview of the current business environment as well as operational trends and performance on the UKCS – says that the recent increase in M&A activity in the basin should help to attract new investment over the next couple of years. There are also signs that a number of significant projects could secure approval in the new year, offering a more positive outlook for the whole industry in 2018. Mike Tholen, Oil and Gas UK’s Upstream Policy Director, said: “This year has been a very busy one for M&A activity which must be seen as a sign that confidence is returning the basin. Now with Transferable Tax History (TTH) in play, we expect that M&A activity will continue into 2018 as established players can more easily divest their non-core assets to companies better suited to invest in them and extend field life. “Analysis shows that when an asset changes operatorship, average field life extension of nearly five years is achieved, and I am confident that trend will continue to shape the future of the UKCS.” Although larger discoveries are still being made in the UK – with the basin’s technical exploration success topping 300 million barrels of oil equivalent for a second consecutive year – the Market Insight, which has a special section on wells, notes that challenges do still exist within the drilling and wells area of the industry. The low level of development drilling during 2017 is of particular concern, with just 63 wells drilled during the first three quarters of the year. Mr Tholen added: “Oil and Gas UK’s Wells Forum is working with the industry on a basin-wide performance improvement strategy which will help to make well construction a more efficient and cost-effective process. “Success in our wells strategy will create a virtuous circle to help unlock more opportunities on the UKCS.” Oil & Gas UK plans to release a Market Insight Report every six months, with each issue featuring a different area of focus. Read the first Market Insight Report 2017 here. ENDS Notes to editors: Oil & Gas UK’s Market Intelligence Manager Adam Davey is available for interview. To arrange, contact Communications Manager Jennifer Phillips 01224 577279 / jphillips@oilandgasu Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies. ABOUT OIL & GAS UK Our aim is to strengthen the long-term health of the offshore oil and gas industry in the United Kingdom by working closely with companies across the sector QUICK LINKS Home Events & Training Publications Membership About Us Working in Industry Careers Oil & Gas UK Register of Examining Doctors SOCIAL LINKS COMPANY INFORMATION Registered office: Oil & Gas UK 6th Floor East, Portland House, Bressenden Place, London, SW1E 5BH Company No: 1119804 Legal, Copyright Issues and Privacy Statement © 2017 THE UK OIL AND GAS IN | lofuw | |
| 21/10/2017 15:22 | From : Date : 21/10/2017 - 15:07 (GMTST) To : enquiries@companiesh Cc : Helena.Murray@icaew. Subject : Clean Tech Assets 02398784 - Strike Off Dear Companies House, Clean Tech Assets Ltd (Formerly TXO PLC) is now well over a year overdue for filing Annual Accounts - as it was a PLC for virtually the entire accounting period these should be full accounts. TXO lost its AIM listing nearly 4 years ago trapping about 200 private investors. Clean Tech Assets is in CVA, which would appear to have involved transferring largely worthless assets and liabilities to another company - St Hill IOM Management Services 05399681 (formerly East African Oil Company Ltd and run by the same director who ran TXO / CTA into the ground), which has recently applied for strike off. Is it not about time Clean Tech Assets was struck off, thereby allowing those trapped investors to crystalize their losses and offset them against any capital gains they may have. A first strike off notification in the next few weeks would enable a final strike off to occur this tax year. The last set of accounts produced for the period ending 30 Sep 14, eventually published Sep 15, are under investigation by ICAEW, who will shortly decide on what sanctions, if any, to impose on the auditors Kingston Smith who signed off on the fraudulent fiction contained in that report, however that would not seem to be a good reason to further prolong the agony of trapped investors. Regards Adrian | sweet karolina | |
| 15/9/2017 20:52 | Having spent a tedious 30 mins comparing the 2017 confirmation statement to 2016, because someone seems to have gone to quite a bite of effort to shuffle the order in which shareholder names appear, it is clear that the Cleaner Fuels Placing, which was supposed to be complete by 18 Aug, was not complete by 9 Sep. Maybe Tim is still pleading with trapped TXO shareholders to part with more cash or trying to find fresh meat to put into his latest mincer or maybe this is yet another failed TB fundraise and at some point Cleaner Fuels will end up being liquidated - it certainly is not going anywhere. Other things to note are the bust up with Stuart Yates actually occurred back in April and all Stuarts A (voting) shares in Cleaner Fuels have gone to Tim which gives Tim over 75% of the voting shares. As the placing shares will be B shares, even if he could find mug punters to take the shares, he would not be diluted from his position of total control. | sweet karolina |
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