APR lands landmark Myanmar deal
Power generation group APR Energy has landed a landmark contract to provide power to more than six million people in Myanmar.
Markets
Refining margins spark Total profits drop
European oil giant Total saw profits fall by 19% reported a 19 percent decline in fourth-quarter profit as refining margins in the region narrowed and output dropped.
Babcock hails £60m oil and gas boost to order book
Engineering and defence giant Babcock International hailed a £60million boost to its order books from its growing oil and gas division.
Exxon overtaken by Google as USA’s second-biggest company
Google has overtaken US oil giant Exxon to become the country's second-most valuable company.
Batista set to lose OGX after creditors deal
Creditors agreed to the terms of $215 million in funding for Eike Batista’s Oleo & Gas Participacoes SA that will strip control from the former billionaire, the oil company has revealed.
Iran looks to steal march on Iraq in battle to secure foreign oil investment
Iran will offer international companies better oil contracts than OPEC-rival Iraq as the Islamic Republic seeks long-term investment to revive its sanctions-hobbled energy industry, a government adviser said.
Magnolia Petroleum predicts surge in US onshore drilling
US-onshore focused exploration firm Magnolia Petroleum is predicting strong growth across its portfolio following an increase in drilling activity.
More time given for Blythe and Skipper fields
Independent Oil & Gas has been granted an 18-month extension to its Blythe and Skipper North Sea licences following the sale of its partner to a US equity firm.
Statoil switches focus to cash after 2013 earnings drop
Norwegian oil giant Statoil is to drop its 2020 production targets and slash investment plans as it looks to increase cash and shareholders.
Trinity comes up dry with El Dorado exploration well
Trinity has come up dry with its El Dorado exploration well offshore the west coast of Trinidad.
Venture capital firm snaps up controlling stake in Interwell
Norwegian venture capital firm Ferd Capital has taken a controlling stake in well-intervention company Interwell.
Huge impairments hit Vattenfall profits
The company behind a controversial offshore wind project in Aberdeenshire posted a loss for 2013 despite slashing operating expenses by more than £300million.
Total sells off offshore Angola interest for £460m
French energy giant Total is selling off its interests in a deep offshore Angola block in a deal worth around £460million.
Record production ups Anadarko’s year-end figures
US oil group Anadarko has closed 2013 on a high, with a $1.17billion increase in revenue on the previous year.
BG Group hunts for Egypt solution after profits hit
Gas giant BG Group says it is looking for a solution to its Egyptian crisis after seeing its profits for 2013 down by 5%.
SeaBird scraps placement plans
Oil and gas seismic firm Seabird has dumped plans to raise a further £900,000 from a share placement.
Oil minnows turn to creative funding solutions after investor snubs
Poor investor confidence in junior oil and gas companies is forcing them to consider more creative funding options, according to EY research.
Profits up at oil tycoon’s First Tech group
Profits have soared at group of small firms belonging to multimillionaire Ian Suttie.
Chevron hit by 32% profits drop
A drop in production and refining margins hit Chevron’s bottom line as profits in its fourth quarter dropped 32% to £3billion.
Dong sells off 25% stake in London Array
One of the partners in the giant London Array windfarm has sold off half its stake in the project to a Canadian pension fund.
ATR Group forms partnership with Hendrik Veder for Norwegian ropes business
ATR Group has formed a strategic partnership with Hendrik Veder Group for the Cosalt Offshore business.
Nordic looks for positive results from North Sea prospect
North Sea newcomer Nordic Energy posted a £63,746 loss as it prepares to step up its presence in the region.
Cairn vows to take ‘whatever steps necessary’ over multi-million pound Indian tax row
Scots oil explorer Cairn Energy insists it will take 'whatever steps are necessary' as it battles a £250million tax dispute in India.
Profits boost for ConocoPhillips after overseas sell-offs
North Sea operator ConocoPhilips saw its fourth-quarter earnings rise by 79% thanks to the sell off of its Algerian and Caspian assets
Shell to slash 2014 spending and increase asset sales after 40% drop in earnings
Oil giant Shell says it will step up its sell-off programme and cut spending this year after seeing its 2013 earnings fall more almost 40%.