CNOOC closes in on Golden Eagle launch after targeting $20bn spend
North Sea operator CNOOC says it expects the Golden Eagle oil project to begin production by the end of this year after targeting more than £12billion of investment for 2014.
Markets
Dixon-Clarke to exit Rockhopper
Falklands-focused oil firm Rockhopper has confirmed it is looking for a new finance director after current incumbent Peter Dixon-Clarke announced plans to step down.
Schlumberger looks for strong 2014 after profits rise
Oilfield services giant Schlumberger saw profits up 22% for the final quarter of 2013 to cap a successful year - and said it expects similarly strong results for 2014.
Ruspetro production falls 6% in final quarter of 2013
Russian oil and gas company Ruspetro saw a 6% reduction in average daily production in the final quarter of last year.
New boss Ben Van Beurden left Shell shocked as giant issues profits warning
New Shell new boss Ben van Beurden has admitted the oil major’s performance was “not what I expect” after issuing a shock profit warning - just two weeks after taking the helm.
Premier closes on Bream and Catcher decisions after ‘challenging’ year
North Sea operator Premier Oil says it is closing in on a development decision for the Bream field after facing a 'challenging' last 12 months.
Expanding Parkmead joins FTSE AIM 100 list
North Sea independent explorer Parkmead has joined an index of the top 100 companies listed on the stock market's junior exchange.
Kurdistan pipeline could double Genel revenues
The controversial new pipeline between Kurdistan and Turkey will raise production output by at least a third, oil firm Genel believes.
Tullow enjoys Kenya boost after pair of discoveries as profits rise
Tullow Oil has seen its boosted after announcing two large new finds in Kenya - as it prepares to announce strong profits growth for the year.
UKOG snaps up pair to claim onshore stakes
British-focused oil explorer UK Oil and Gas is to take a 10% stake in two onshore licences after buying up a pair of development firms.
Dragon Oil daily production up 9.1% in 2013
Dubai-based oil exploration company Dragon Oil today said daily production in 2013 was up 9.1%.
Sound Oil looks to up European projects after £1.6m funding bid
European-focused upstream firm Sound Oil is looking to up its drilling over the next two years after launching a new £1.6million fundraising offer.
Petroleum Equity wins £81m battle for ATP’s North Sea operations
Newcomer Petroleum Equity has made its first investment in a surprise $133million (£81million) deal for the North Sea operations of a struggling firm.
Amec launches £1.9bn takeover bid for Foster Wheeler
Engineering giant Amec has launched a multi-billion takeover bid to buy Swiss energy industry contractors Foster Wheeler as it looks to increase its midstream and downstream audiences.
Tullow Oil shares boosted after talk of Statoil bid
Africa-focused Tullow Oil surged to the top of the FTSE 100 risers board amid speculation that the exploration firm could be a bid target for Norway’s Statoil.
Iraq violence cost Baker Hughes £50m
The violent protests in Iraq last year which forced Baker Hughes to suspend operations in the country cost the US oil firm almost £50million, it has emerged.
President granted farm-in for new prospect in Paraguay
South-America focused President Energy has been granted the option to farm-in a new prospect in the Chaco region of Paraguay.
Chevron warns of profits drop after fourth quarter production fall
US oil major Chevron has warned it expects fourth quarter profits to be lower than anticipated after seeing production drops during the last three months.
Rio writedown after office closure puts Flexlife in the red
Subsea pipe specialist Flexlife fell into the red last year after it shut down its operations in Brazil.
Wärtsilä takeover talks with Rolls-Royce dropped
Power plant builders Wärtsilä say they have ended takeover talks with Rolls Royce over a deal to buy the £5.5billion-vallued firm.
Big thinking pays off for Hydrasun after breaking £100m turnover target
International expansion pushed Aberdeen-based energy service company Hydrasun through the £100million turnover barrier in 2013.
Sodexo hit by first quarter losses despite organic growth
Global facility manager Sodexo has reported 1.9% decline in first quarter revenues for 2014, despite an upward organic growth trend.
Lundin sets sights on £1.3bn year – despite Brynhild delays
Lundin Petroleum will look to spend almost $2.1billion (£1.3billion) on oil projects over the next year - after admitting it faces delays on the Brynhild and Boyla fields.
ConocoPhillips cuts production guidance after North Sea storms shut down platforms
North Sea storms and the polar vortex freezing the USA have been blamed after oil giant ConocoPhillips cut its fourth quarter production estimates.
£450m Swedish takeover for Downhole Products owners Varel
Oil drilling specialists Varel have been snapped up in a £450million deal by Swedish engineering group Sandvik.