Technip braced for ‘exceptionally low’ start to 2014
French oil services group Technip warned it expects margins to fall to 'exceptionally low' levels in early 2014.
Markets
Gazprom plans for £15bn investment programme in 2014
Russian energy giants Gazprom say they plan to spend more than £15billion in investments next year.
Marin brings AGR Seabed Intervention back home in seven-figure deal
Aberdeen-based AGR subsidiary AGR Seabed Intervention has been snapped up by deepwater excavation group Marin.
Cove Energy founders win £122m backing for new Discover project
The management team behind an oil and gas firm sold last year for more than £1.2billion is to launch a new project.
Songa clears £260million refinance hurdle
Offshore drilling firm Songa says it has secured the conditions needed to go ahead with its $400million refinancing deal.
Europa launches £4m fundraising round to support onshore UK projects
European-focused oil and gas firm Europa has raised almost £3million from a new share issue as it looks to fund its exploration work next year.
Huge profit boost for Balmoral as company enjoys offshore growth
The boss of one of Aberdeen’s largest privately-owned companies says the business is in “great shape” following an 85% jump in pre-tax profits.
Centrica set for £1bn takeover of Irish state gas company
British Gas owner Centrica is in line to take over the energy supply arm of Ireland’s state-owned Bord Gais as part of a 1.12 billion euro (£1 billion) deal.
Lifeline for Antrim after agreeing deal over Causeway costs
Struggling North Sea oil firm Antrim Energy has been given a lifeline after having spending restrictions lifted until the end of February.
Eagle catches £183m boost with new Riverstone link-up
US oil producers Eagle Energy have been boosted after a £183million cash injection from a private equity firm.
Global Energy Group on acquisition trail after profits surge
The Global Energy Group is eyeing up further international acquisitions following a second consecutive year of huge growth.
Red7Marine boosted by private investment deal
An offshore support firm is looking to strengthen its position in the oil and gas market after a £65million cash boost.
Chevron cuts back 2014 spending as Gorgon costs soar
US oil giant Chevron says it will cut back on the amount it spends on exploration next year - as it sees the cost of its giant liquefied natural gas project in Australia soar.
Marathon looking to push North Sea asset sale ahead of US shale drive
US oil giant Marathon is to increase its efforts to sell off its UK and Norwegian continental shelf assets as it switches focus onto American shale.
Oil demand set for upwards swing in 2014, says IEA
The world's energy watchdog says global oil markets are set for increase over the next few months as demand returns to growth among industrialised countries.
IOG handed Blythe and Skipper extensions ahead of partner sale
Plans to develop the Blythe and Skipper North Sea licences are to be given extra time while the sale of one of the project's partners goes through.
Tangiers launches £22m Jacka takeover bid
Tangiers Petroleum has launched a £22.5million takeover bid for rival firm Jacka Resources as it looks to expand its African profile.
Egypt to pay back $1.5billion of oil debts
The Egyptian government has promised to pay back a quarter of the debt it owes oil firms following the economic downturn after the Arab Spring events.
Seadrill looks to raise funds for rig purchases
Seadrill Partners is to launch a new share interest as it looks to raise more than $300million to fund its rig purchases.
Aker set for more sell-offs after switching focus from growth to profits
Oilfield services firm Aker Solutions says it will scale back investment as uncertainty about oil sector spend impacts on its future plans.
Gutseriev eyes takeover bid for Exillon
The second-largest shareholder in Russian-focused oil firm Exillon Energy is considering a takeover bid for the London-listed group.
New £120m UK-China energy efficiency fund launched
A new investment fund will look to raise more than £120million for energy efficiency projects after launching a joint UK-China project.
Talisman names Icahn pair to board as controversial investor makes presence known
Controversial billionaire Carl Icahn has begun flexing his muscles after taking a major stake in North Sea operator Talisman Energy.
Outlook healthy for North Sea M&A activity
Sales and mergers among companies trading North Sea assets are expected to remain frothy this year as dealmakers confirm lack of funding is no longer acting as a “significant” barrier, a survey has found.
Profits boost for Xcite as talks continue over Bentley partners
The oil group behind plans to develop the Bentley field says it is continuing to hunt for partners for the giant North Sea project.