AMEC lands Cygnus gas field deal
AMEC has landed the hook-up and commissioning (HUC) support contract for GDF Suez's Cygnus gas field.
Markets
Maersk boosted by drilling as oil arm ‘bottoms out’
North Sea operator Maersk said its oil operations have stabilised, despite seeing third quarter profits fall 22%.
£62m cash boost for Circle after debt deal
Middle East-focused explorers Circle Oil have secured a £62million debt facility through the World Bank to continue its push into North Africa.
Coastal Energy reports £10m drop in pre-tax profits
US exploration and production company Coastal Energy has reported a £10million drop in pre-tax profits for the first nine months of the year.
Ithaca boosted by results as Stella work nears completion
North Sea operator Ithaca posted record earnings and cashflow despite being hit by shutdowns during the last quarter.
Seadrill begins North Atlantic IPO
Drilling giant Seadrill has kicked off the US listing of its extreme conditions arm North Atlantic Drilling.
Gulf Keystone to delay LSE listing until after Excalibur battle concluded
Oil producer Gulf Keystone is to delay its move onto the main UK stock market until after it has completed its court case with Excalibur over its Kurdistan oil assets.
Oil price fall a blip not a trend, say analysts
The surprise cut in European interest rates has sent the oil price tumbling to little over $100 a barrel – but a top industry analyst said last night that the price slip is just a “blip”.
Profits boost for Apache after US production rise
North Sea operator Apache yesterday reported a £150million increase in pre-tax profits for the first nine months of the year.
Talisman eyes North Sea restarts as losses narrow
Canadian oil producer Talisman Energy saw third quarter losses narrow after increased output from its North Sea and Eagle Ford shale operations.
Aker expects North Sea growth over next year despite profits fall
Oil industry services group Aker Solutions saw its third quarter order backlog grow, despite a 27% drop in profits, as it prepares for a rush of North Sea orders.
Cormorant restart provides boost to Taqa profits
Abu Dhabi-based energy firm Taqa posted a £25million third quarter profit after being boosted by the return to action of its North Sea assets.
Lotos makes new move into North Sea after Yme disappointment
Polish oil firm Lotos has made a major move into the North Sea after buying Centrica's Norwegian assets for £110million.
Shale boost for Marathon Oil
US oil giant Marathon saw third-quarter profits rise 29% after being boosted by output from its shale gas operations.
Linn ups Berry price to £3billion
US oil firm Linn Energy is to up its offer for Berry Petroleum by a further £376million to more than £3billion.
AIM surge boost for oil and gas firms
Oil and gas firms listed on the alternative investment market (AIM) enjoyed a near-10% surge in value during the third quarter of 2013.
Losses narrow at Det Norske as focus moves to Sverdrup and Aasen
Norwegian oil and gas group Det Norske says it is on schedule to decide on how to develop the massive Johan Sverdrup field by the end of 2014 after seeing third quarter losses narrow.
BG Group ready for Jasmine start-up as Egypt woes hit profits
BG Group says it expects to bring the Lomond field in the North Sea back online in the next few weeks as it looks to bounce back from a 10% production drop over the last three months.
Total looks for sustained growth despite profits drop
Oil group Total said it was focusing on long-term growth after seeing its third-quarter profits drop 19%.
Shell earnings down 31% as Nigerian crisis costs them 65,000 barrels a day
Higher costs and ongoing security problems in Nigeria saw Shell's third quarter earnings drop 31% compared to last year.
Latest Libya disruption hits Eni as profits drop 29%
Ongoing disruption in Libya and Nigeria will leave Eni's annual oil output lower than 2012, the Italian firm has admitted.
Gulf Keystone launches $50m fundraising effort to boost Shaikan
Kurdistan-focused operator Gulf Keystone has launched a new fundraising issue as it looks to cover costs of raising production levels at its large Shaikan facility.
Statoil steps up exploration programme after North Sea sell-offs
Norwegian oil giant Statoil said it expects production levels to fall next year as the impact of its recent sell-off programme is felt.
Rosneft hits new record as TNK takeover continues to reap rewards
The world's largest oil producer, Rosneft, saw third quarter income rocket to $8.8billion following the acquisition of rival TNK-BP.
BP plans new £6billion sell-off as profits drop proves less than feared
BP says it plans to sell off a further £6billion of assets over the next few months after seeing profits fall by more than $1.billion in the last year.