Iraq’s oil exports fall after pipeline sabotage
Iraq's oil exports fell to 2.39 million barrels per day (bpd) on average in March, the oil ministry said, down from a record 2.8 million in February due to repeated sabotage of a northern pipeline.
Markets
Neste oil to exercise shares buyback
Neste Oil will exercise a buyback authorisation to purchase the company’s own shares.
Far East and UK drilling demand help drive up Halliburton profits
Energy services giant Halliburton saw first quarter revenues reach record levels after turning around last year’s loss.
New Libya and Ukraine tensions force oil prices up
Brent crude advanced for the first time in three days and West Texas Intermediate extended gains as tension escalated between Ukraine and Russia, fanning concern that energy supplies in Europe may be disrupted.
Seplat eyes expansion after London listing
Nigerian oil firm Seplat has launched onto the London Stock Exchange with a value of more than £1.1billion after offering more than a quarter of its shares to investors.
Kentz secures $570million Ichthys LNG deal
Engineering group Kentz has landed a $570million (£343.2million) contract for electrical and instrumentation (E&I) construction packages at the Ichthys LNG project in Australia.
Good year for Good Energy as profits rise 42%
Renewable energy provider Good Energy Group has recorded a 43% increase in revenues in 2013 due to rising consumer demand, the firm said in a year-end statement.
EON looking to double Turkey trading amid decreasing demand in Europe
EON plans to more than double its power trading in Turkey this year, helping to offset falling profits from buying and selling in shrinking western European markets.
Gazprom set to stop marketing to US and Europe amid Crimea crisis
Russia’s largest company Gazprom will stop marketing to US and European investors after the Crimea crisis and work to increase bond and shareholders from the Middle East, Latin America and Asia, especially China.
Anadarko settles Kerr-McGee cleanup lawsuit for $5.15bn
Anadarko Petroleum agreed to pay $5.15billion (£3.10billion) to settle a US claim for $25billion to clean up 85 years worth of pollution its Kerr-McGee unit left behind across the country.
$300bn of oil assets currently up for grabs, say analysts
Major oil companies are selling more than $300billion of assets, according to investment analysts Carlyle International Energy Partners.
Gazprom hikes up Ukraine gas price by 44%
Global natural gas giant Gazprom raised prices for Ukraine 44% after a discount deal expired, heaping financial pressure on the government in Kiev as it negotiates international bailouts.
Crude edges towards all-time high on back of Ukraine crisis
Oil prices are edging towards a 2014 high as tensions continue to mount between Russia and the West.
Wood Group buys Canada’s Sunstone for $13.1million
Energy services giant Wood Group has bought over Canadian pipeline engineering firm Sunstone Projects in a $13.1million (£7.8million) deal as it looks to strengthen its position in the country.
Petrobras spending triples World Cup costs
Brazil’s top finance official is being roped into a growing scandal over Petrobras' $1.19billion (£720million) purchase of a Texan plant, the latest in a string of troubles plaguing the company’s money-losing refining unit.
Leni loses Malta sale court case
Leni Oil & Gas has lost its fraudulent misrepresentation case against Mediterranean Oil and Gas over its former Malta interest.
Babcock buys out Avincis in close to £1bn deal
London-based Babcock International agreed to buy Avincis, the owner Bond Aviation Group, for £920million to expand in helicopter services.
Bosses quit at Exillon after Russian boardroom row
The bosses of Russian-focused Exillon have walked out the firm after losing a battle for control for the oil explorer.
OPEC set to cut export to lowest level in months, predict analysts
The Organization of Petroleum Exporting Countries will cut crude exports to the lowest level in two months as refiners around the world conduct seasonal maintenance, according to tanker-tracker Oil Movements.
Natlata offers to repay PetroNeft’s debt
Petroneft Resources’ biggest shareholder Natlata has offered to pay off a bank loan owed by the firm, as it seeks to remove the majority of its board.
Ophir on operational high despite 2013 losses
UK-based explorer Ophir Energy posted losses of almost £150million after disappointing results from its African exploration campaign.
Petrochina sees profits soar
PetroChina's full-year profit beat analyst estimates as higher gas prices helped the country’s biggest energy producer counter import costs.
Budget 2014: Chancellor confirms new allowance for HP/HT North Sea fields
Chancellor George Osborne vowed to take forward all Sir Ian Wood's recommendations from his review of North Sea oil - and offered new tax relief for the region's more challenging fields.
£1.8m payday for ex-BP boss Tony Hayward
Former BP boss Tony Hayward earned a bonus of nearly £1million from his day job during 2013, it emerged yesterday.
Gresham Capital buys out of ICR
Gresham Capital has sold its majority stake in Aberdeen’s ICR Integrity in a deal thought to be worth up to £60million including debt.