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26 May 26 |
Namibia/South Africa: Impact Oil & Gas announces strategic reorganisation to unlock value and drive targeted investment Impact Oil & Gas, a privately owned, Africa-focused exploration company, has entered into a share purchase agreement ('SPA') with IOG Energies, a newly incorporated and wholly owned subsidiary of Deepkloof, Impact’s majority shareholder, to effect a corporate reorganisation supported by both Deepkloof and Impact’s second largest shareholder, Meren Energy. |
26 May 26 |
Namibia/South Africa: Meren Energy announces corporate restructuring of Impact Oil & Gas Meren Energy notes and supports the corporate restructuring announced by its investee company, Impact Oil & Gas, to create a pure-play Namibia-focused development and exploration business. The Transaction has been approved by Impact and is intended to align the interests of its shareholder base around a streamlined and more focused portfolio. |
26 May 26 |
bp Chair removed The Board of bp has announced today that it has unanimously decided that Albert Manifold should no longer serve as Chair and Director with immediate effect. This follows serious concerns raised to the Board related to important governance standards, oversight and conduct. Amanda Blanc, Senior Independent Director at bp, said: “Albert has helped bring a welcome focus and pace to bp’s transformation. However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.” The Board has appointed Ian Tyler as Interim Chair with immediate effect. Ian Tyler, Interim Chair, said: “The Board and leadership team have deep conviction in the strategic direction we have laid out, and the company is moving at pace to deliver it. bp is building a track record of strong underlying operational performance and a tight focus on financial discipline – all in the pursuit of growing shareholder value and returns. “The Board has been very impressed with Meg O’Neill since she joined as CEO. She has extensive industry and operational experience and real clarity about the direction and opportunity for the business. She has already taken bold action to simplify and strengthen the organization such as announcing the move to a clearly defined upstream/downstream model. Under her leadership we are building a simpler, stronger, more valuable bp.” A succession process for a permanent Chair will be initiated. |
26 May 26 |
UK: Study reveals how offshore structures can help - or hinder - marine ecosystems A new international review has shed light on how offshore energy structures - from oil and gas platforms to wind turbines - shape marine ecosystems and the benefits they provide to society. |
26 May 26 |
Australia: Reach Subsea signs MoA with Beacon Offshore in Australia Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore, establishing a strategic partnership to jointly pursue subsea projects in Australian waters. |
26 May 26 |
UK: Nine in 10 energy firms say North Sea still has long-term future – if UK Gov backs industry Aberdeen & Grampian Chamber of Commerce has warned that the UK is in danger of accelerating the decline of the North Sea unnecessarily, despite overwhelming industry belief that the basin still has a long-term future under the right conditions. |
26 May 26 |
Morocco: Sound Energy reports conditional sale of Sound Energy Meridja and relinquishment of Arran Energy's exploration interests Sound Energy has entered into a binding Sale and Purchase Agreement for the divestment of the Company's interests in the Tendrara Exploitation Concession (20%), onshore Morocco, by way of the disposal of the entire share capital of Sound Energy Merijda Limited to Managem SA. In addition, the Company announces the relinquishment of its 27.5% interest in the Anoual Exploration Permit and the waiving of any subsisting rights in the Grand Tendrara Exploration Permit. |
26 May 26 |
Union Jack Oil announces Final Results for the Year Ended 31 December 2025 AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced its audited results for the year ended 31 December 2025. |
26 May 26 |
UK: Reeves launches fresh oil and gas tax raid to fund support package Chancellor Rachel Reeves has announced a fresh tax raid on oil and gas companies, scrapping rules that allowed firms to offset UK trading profits against losses made by overseas subsidiaries. |
