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The information below comes from the UK Activity Report.
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Ramco Energy Ramco Energy has sold Ramco Oil Services, the Aberdeen-based company with 180 staff worldwide, to a management buy-out for £14m. 21-Dec-2005 Ramco Energy has raised £9.2m in a share placing to fund the Seven Heads offshore gas field development and further exploration work in the Celtic Sea. 02-Oct-2003 Ramco Energy is to reposition itself as a European shallow water gas producer, focusing on operations in Ireland, Poland and Montenegro. 16-Apr-2003 Ramco Energy is to sell four non-core overseas subsidiaries to Falcon Oil & Gas, including interests in exploration licenses in central and eastern Europe. 23-Dec-2002 Ramco Energy has acquired Northern Exploration of Ireland from Northern Petroleum for £2m. 05-Jul-2002 Ramco Energy is to seek a full listing on the London Stock Exchange early next year, in order to boost the liquidity of its oil exploration business. 14-Nov-2001 Ramco Energy has announced a "substantial" gas discovery at the Seven Heads field off the coast of Ireland. 17-Oct-2001 Ramco Energy has started drilling at the Seven Heads gas prospect off Ireland, which is expected to become a £125m commercial development. 06-Aug-2001 Ramco Energy is to withdraw from its main onshore oilfield in Azerbaijan in order to focus on drilling in Ireland, Romania and Georgia. 30-Mar-2001 Ramco Energy is to close its head office in Dorking in order to concentrate all decision-making in Aberdeen. 05-Feb-2001 Ramco Energy is planning to form a partnership with RWE-DEA of Germany to drill for oil and gas in southern Poland. 15-Dec-2000 Ramco Energy has raised £100m from the sale of its 2% stake in a petroleum consortium in Azerbaijan to Amerada Hess of the US, and the proceeds will be invested in other projects. 18-Jul-2000 Ramco Energy is forming an alliance with TotalFinaElf to develop the shallow water Gunashli oil field in Azerbaijan. 19-Apr-2000 Ramco Energy has launched a £4.3m takeover bid for MMS Petroleum, which tops the recent offer from Greenwich Resources. 30-Oct-1998 Ramco Energy is exercising an option to acquire further oil acreage in the Czech Republic. 15-Oct-1998 Ramco Energy is close to signing a production-sharing agreement with the Azerbaijan state oil company involving the redevelopment of the Guneshli oil field in the Caspian Sea. 03-Apr-1998 Ramco Energy has made a significant oil find in the Czech Republic as part of a consortium, and total reserves could be 35m to 100m barrels. 10-Feb-1998 Ramco Energy has admitted defeat in its £54m takeover bid for JKX Oil & Gas due to opposition from the Ukrainian state-owned gas company that has taken a 21% stake in JKX. 23-Sep-1997 Ukrainian state-owned oil companies have acquired about 11% of JKX Oil & Gas in an effort to prevent the company being taken over by Ramco. 11-Sep-1997 Ramco Energy is forming a new 82% subsidiary, Medusa Oil & Gas, at a cost of £4.1m, with Medusa's management taking the remaining stake. 30-Jul-1997 Ramco Energy is acquiring JKX, the oil explorer that operates in Georgia and Ukraine, for £54m, and is expected to look for a big oil company to help operate the Ukranian assets. 24-Jul-1997 Ramco Energy has announced a production sharing agreement with the Georgian State Oil Department for a block in the Greater Caucasus Mountains. 12-Jun-1997 Ramco Energy has announced an exploration agreement with the government of Georgia. 21-Dec-1996 Ramco Energy is to take a 20% stake in a consortium with Mobil and Total which will develop oil reserves in Azerbaijan. 17-Oct-1996 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007