Big businesses told to slash payment times to small suppliers
Big businesses have been told to pay small suppliers within 30 days as the Government strengthened the Prompt Payment Code.
Finance
Updated: Hurricanes and Appomattox subsurface issues leave Shell facing hefty charges in Q4
Shell said today it expects to record post-tax charges of £2.6 billion to £3.4bn in the fourth quarter of 2020.
Oil and gas leopards changing their spots to focus on investor returns
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
Cairn to dish out special dividend as Senegal sale nears completion
Cairn Energy will return £188 million to shareholders following completion of the sale of its Senegalese assets to Woodside.
A bright future for the Guyana economy post-Covid
ABIS Energy is passionate about Guyana. We have been engaged with the Guyana economy for the past 4 years and foresee a bright future.
Reviewing your lending options – an essential New Year’s resolution
As we come to the end of a torrid year, business leaders in the north-east’s oil and gas industry breathed a collective sigh of relief on news that coronavirus vaccines look imminent. Oil prices rose around 8% globally following news that three Covid-19 vaccines both showed high efficacy and will be available next year.
S&P strikes deal to buy IHS Markit for $39bn
S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $39 billion in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers.
Wood extends principal bank debt facility
Energy service giant Wood, of Aberdeen, has extended its revolving credit facility to May 2023.
Cornish mining boost as £1million raised by firms to tap lithium reserves
Cornwall’s mining revival received a boost on Monday after the firm behind plans to tap into huge reserves of lithium in the county raised £1 million in funding.