Ian is the editor and a director of Proactive Investors. He oversees all editorial output and is also heavily involved with business development. He moved to Proactive from the Daily Mail, where he was City News Editor and Investment Editor and brings with him a wealth of experience in business and finance. At the Mail he directed the coverage of some of the biggest stories ever to emerge from the City as the credit crunch and banking crisis felled some of the nation's best known financial institutions. In his 20 years as a business reporter and editor Ian has worked for Dow Jones, writing stories for the international news wire and the Wall Street Journal. He also led the London company coverage for AFX News, now part of Reuters.
Pockmarks on the seabed suggest the presence of working petroleum system
Chief Andrew Austin sees "significant upside" from the combined portfolio
Finally, the company and its partner Premier Oil appears to be gaining some traction for the Sea Lion field, host to an estimated 517mln barrels of oil
The pair still have to hammer out definitive terms, but a definitive agreement is expected before the year-end
Its latest Romanian well was drilled on time and below budget, gas deliveries are imminent and the company is in talks with a trading house, which will handle gas sales on its behalf
Chairman David Sefton said the moves were designed to “enhance the capacity” of the company and avoid the delays that have hampered the development of the company’s Tilapia Field in the Republic of the Congo
An earlier application was rejected. The current proposal has the backing of the local authority’s planning department.
The two sides want time to finalise the “technical and financial elements” of a contract that will lift supply “beyond” 100 megawatts from 50 megawatts currently.
Two companies, three wells
Drilling down into the world of E&P as we keep tabs of on the gushers and dusters
A look at some early analyst views in the City
The bookmakers have been put under the microscope, while Shell has been downgraded.