Okea's IPO Falls Short
Norwegian oil firm Okea has raised 315 million crowns ($36 million) in an initial public offering, the company said on Monday, less than half of what it had initially planned due to a fall in the oil price.Europe's…
Okea Eyes Listing by Mid-2019
Norwegian oil company Okea AS said on Tuesday it was planning an initial public offering by mid-2019, in a bid to raise funds to finance further expansions.The company, which is partly owned by Thailand's Bangchak…
AzEire Gets Irish Offshore License Extension
Ireland-focused oil and gas exploration company backed by Seacrest Capital AzEire has been awarded an extension of a frontier exploration license (FEL) and a conversion of a license option to an FEL."The Minister of State at the Department of Communications…
OKEA Gets Approval to Acquire Shell's Draugen, Gjoa Fields
Norway's Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the licenses associated with the Draugen field in the Norwegian…
Okea Weighs Its Options for Grevling Oil Discovery
Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the company's valuation in a deal with Thai investor Bangchak Corporation PCL (BCP), it said on Tuesday.BCP has agreed to inv
Seacrest Capital Seeks More Norway, UK Oil Deals
Oil and gas-focused private equity firm Seacrest Capital is planning more offshore deals in Norway after buying stakes in two fields from Royal Dutch Shell this week, and is also seeking deals in Britain, a partner at the company said on Friday.Shell said on Wednes
Shell Sells $1.3 Billion of Oil and Gas Assets
Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.The Anglo-Dutch company agreed to sell to OKEA, a Norwegian producer backed
Cairn Buys Into Seacrest-backed British North Sea Oilfield
Cairn Energy has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst, the companies said on Thursday, amid renewed interest in North Sea assets.Oil producers are…
Frank Inouye Appointed MD of AZIPAC
The Board of Directors of AziPac Ltd. have appointed Mr Frank Inouye as Managing Director, with immediate effect. Frank brings over 34 years of industry experience to AziPac and the wider Azimuth and Seacrest Group.
