Crisis deepens at OGX after near-$1bn third quarter loss
Crisis-torn Brazilian oil firm OGX posted losses of more than half a billion pounds for the third quarter as it faces Latin America's largest ever bankruptcy case.
Markets
Heavy losses for troubled Noreco as summer of shut-ins takes its toll
The effects of struggling North Sea operator Noreco's troubled summer have been underlined after the company posted a £57million third quarter loss.
ConocoPhillips completes £1bn Algerian sale
Energy giants ConocoPhillips have completed the £1billion sell-off of its operations in Algeria.
Aker ASA increases Aker Solutions stake
Norwegian holding firm Aker ASA has increased its stake in oil services group Aker Solutions to around 34%.
Songa chairman quits as refinancing bid begins
The chairman of offshore drilling firm Songa has quit the company after it launched a refinancing bid to pay for its new rigs.
Falkland Islands Holdings focus switches to Sea Lion decision
Services firm Falkland Islands Holdings says oil plans for the archipelago remain positive as it prepares for the launch of the Sea Lion development.
Salamander Energy raises £93m for debt refinancing
Thai-focused Salamander Energy has placed an unsecured bond to raise more than £90 million.
Driller Songa looks for £260million refinance deal
North Atlantic-focused drilling firm Songa Offshore is to launch a major recapitalisation programme as it looks to raise more than £260million.
National Grid defends £1.2bn profits
National Grid has added fuel to the fire of customer anger after revealing an increase in charges to use its gas and electricity networks that have boosted its profits.
Profits boost for EnerMech as it eyes 700 new jobs
EnerMech, which is looking to take on 700 new people, has announced plans to increase its turnover to nearly £300million next year.
Heritage Oil revenues jump on back of Nigerian operations
Upstream exploration company Heritage Oil reported "great progress" in the third quarter with revenues up more than 2000% on the same period last year.
Cepsa snaps up Coastal Energy in £1.4bn takeover
Spanish oil giant Cepsa is to buy Canadian exploration firm Coastal Energy in a £1.4billion deal as it looks to expand its Far East operations.
North Sea remains strong as Amec continues acquisition hunt
Project management firm Amec says it remains on the lookout for acquisitions before the end of the year.
Edge Resources hails excellent quarter despite £147m net loss
Canadian oil and gas firm Edge Resources today reported an "excellent" record third quarter performance despite a net loss of £147 million for the first nine months of the year.
Kentz looks for double-digit growth
Global engineering group Kentz says it expects to deliver double digits earnings growth this year after bulling in a record orders backlog.
Earnings up but Subsea 7 sounds North Sea tender warning
Subsea 7 saw its latest quarter results boosted by its operations in the North Sea, but warned rising costs in the region could impact on new projects next year.
Petrofac sounds flat note for 2014 despite record backlog
Energy services group Petrofac has warned it expects growth to flatten in 2014, despite closing in on its highest-ever order backlog.
Antrim eyes Causeway sell-off as fears grow over company’s future
Struggling North Sea oil firm Antrim says it may be forced to sell off its stake in the Causeway field as it continues to face financial problems.
Parkmead Group boss insists company making “excellent progress” despite widening losses
The boss of Aberdeen-based Parkmead Group has hailed "excellent progress" despite a £400,000 increase in pre-tax losses.
Oil prices boosted after Federal Reserve cheer
London’s blue-chip shares made further advances today as oil prices surged in the wake of reassuring comments by the incoming boss of the US Federal Reserve.
Loganair results boosted by Super Puma grounding
Scottish airline Loganair has defied the gloom surrounding the airline industry and posted a 24% increase in profits.
Centrica sees earnings flatten after being hit by US sales decline
Shares in British Gas owner Centrica fell sharply today after it warned it would fail to meet the City’s expectations for annual profits.
Tycoon snaps up stake in Edinburgh oil firm Bowleven
Billionaire Aberdeen oil tycoon Ian Suttie has snapped up a stake in another oil company.
Spike gets go-ahead for £103m Bridge deal
Spike Exploration has been given the green light for its £103million takeover of North Sea oil firm Bridge Energy.
Tullow plans Southern North Sea sell off in next 18 months
Tullow Oil is to rethink plans to sell off some of its North Sea assets after admitting its initial approach was not offering value for money.