Wood (LON:WG) has announced a shock review of its books following write-offs of large scale contracts prompting another share price collapse for the beleaguered energy services group.
Rystad Energy predicts "a big week for oil markets" with the US elections on the horizon.
French energy giant TotalEnergies (PARIS:TTE) hailed "robust" results for the third quarter of the year despite a decline in margins.
Shell (LON:SHEL) unveiled a better-than expected $6 billion (£4.6bn) profit and another investor-pleasing buyback on the back of an increase in gas production.
Aberdeen's Wood (LON:WG) has won a contract with Saudi Arabia's giant Aramco (SA:2222) to help the Gulf state increase natural gas production.
Energy giant BP (LON:BP) revealed profits have slumped 18% to $2.3 billion (£1.8bn) in its most recent quarter as it confirms a reduction in margins in its refining business and weak oil trading.
The closure means the loss of 23 jobs, but the firm said "most of the employees affected have already found" a new role.
Subsea services provider Ashtead Technology (AIM: AT.) has signed an agreement to acquire Seascan Ltd from Acteon Group for £63 million.
Equinor (OSE:EQNR) brought in an adjusted operating income of $6.89 billion and $2.04b after tax in the third quarter of 2024.
Private-equity backed clean energy group D2Zero has bought up flow measurement consultancy Kelton Engineering, adding further decarbonisation expertise to its 4,000-strong workforce.
BP (LON:BP) is reportedly considering the sale of a minority stake in its offshore wind business as it looks to reduce the scale of its investment in the sector.
GB Energy chairman Juergen Maier has revealed long-term plans for the publicly-owned energy company to follow in the footsteps of Denmark's renewable energy giant, Ørsted.
Australian oil and gas firm Woodside (LON: WDS) is set to delist from the London Stock Exchange (LSE) following a review of its "current listing structure".
The EU’s CBAM will negate some of the benefits of a separate UK ETS and increase the complexity of trade. Harmonised systems, in contrast, would create a more effective CBAM-protected bloc and prevent carbon price competition. However, the UK ETS is Brexit’s child, and Brexit was never about cooperative action in the face of climate change...
The UK government's £22 billion infrastructure investment vehicle has been rebranded as the National Wealth Fund (NWF), with an extra £6bn thrown in.
Spain's largest power company, Iberdrola (BME: IBE), will invest up to £12 billion in its UK business Scottish Power over the next four years, which is says it a doubling of its commitment in the UK ahead of a global investment summit in London.
The three major credit rating agencies have upgraded Ithaca Energy’s (LON: ITH) credit rating following the completion of Ithaca’s business combination with Italian energy company Eni earlier this month.
Offshore Energies UK (OEUK) released data in September modelling the impact of the Government’s announced stronger Energy Profits Levy (EPL) on the UK economy. It’s a plan that adds more pressure on the sector over a longer time.
The North Sea Transition Authority (NSTA) has published new guidance designed to smooth and accelerate merger and acquisition (M&A) deals between companies operating in the North Sea.
Norway’s Equinor (OSE:EQNR) has acquired a 9.8% stake in Danish renewables group Ørsted (XCSE: ORSTED)
Aberdeen-headquartered THREE60 Energy saw its revenue increase by 24% to over £184 million in 2023, driven by strong performance across all service lines.
Planned oil and gas tax changes in the UK will prompt TotalEnergies (PAR: TTE) to reduce capital expenditure and restructure operations in the country, the company's chief executive officer Patrick Pouyanne said.
Analyst Wood Mackenzie believes "where there’s a will, there’s a way" in achieving a consensus on an improved system of taxation despite differences of opinion between government, industry and North Sea investors.
Oil and gas firm Serica Energy (AIM: SQZ) has confirmed it will hit its full year targets for production as two North Sea wells deliver on their promise.
UK-based safety training group 3t has made its seventh acquisition by purchasing the Middle East’s largest energy training business, GTSC.