BHP reports record output increase in third quarter
Australian oil and mining giant BHP Billiton has recorded a 16% increase in oil production following a quarterly review.
Markets
Aberdeen biggest financial victim of high speed rail.
The UK Government is under fresh pressure to extend its high speed rail plans to Scotland after a leaked report revealed it could cost the north-east economy hundreds of millions of pounds.
Europa looks for ‘company-making’ 2014 after profits rise
European-focused oil and gas firm Europa saw profits rise after describing two of its new projects as potentially 'company-making'.
Chevron warns of earnings drop
US oil major Chevron has warned it expects third quarter earnings to be down after a significant drop from its downstream operations.
Ithaca secures new funding deal
North Sea operator Ithaca Energy has secured a new debt deal as it looks for potential oil and gas industry acquisitions.
‘Corporate raider’ Carl Icahn snaps up massive stake in Talisman
A controversial billionaire has snapped up more than 60million shares in oil giant Talisman - and is eyeing a seat on its board.
Adriatic Oil looks to AIM listing
North Sea operator Adriatic Oil has confirmed it plans to list on the AIM as it looks to raise new funds for its exploration projects.
Subsea 7 launches $200m share buyback
Offshore engineering group Subsea 7 is to spend up to $200million on buying back stock after launching a new share purchase scheme.
Gazprom faces $15billion in competition charges
The European Commission is preparing to charge Gazprom over unfair competition practices, it has emerged.
£1.2billion cash boost for Dong after striking new investment deal
North Sea operator Dong Energy is set for a £1.2billion cash injection from a group of investment firms, including Goldman Sachs.
Northern Petroleum sells Dutch arm in £16m deal
Low-risk oil group Northern Petroleum is to sell off its its Dutch operations for £16million.
Profits up at San Leon
Exploration firm San Leon says it expects its new Turkish acquisition to help fund new projects for 2014 after seeing profits rise slightly for the first half of the year.
Rosneft launches $1.5bn bid for TNK-BP minority shares
Russian state-owned oil firm Rosneft is to buy out minority shareholders of the TNK-BP venture it took over in a £36billion deal earlier this year.
£2m AIM listing for Independent as it looks to fund North Sea project
North Sea focused group Independent Oil and Gas says it has raised £2million after launching onto the Alternative Investment Market today.
Trap Oil boosted by Athena output
North Sea operator Trap Oil says it expects its new North Sea consortium to prove successful in the next licencing round after drawing in big name firms from around the world.
Rockhopper closes in on Falklands tax deal
Falklands-based oil firm Rockhopper says it is closing in on a tax deal with the island's government.
San Leon plans £31m fundraising issue as it snaps up Turkish oil firm
Exploration firm San Leon is making a move into Turkey after taking a majority stake in a local oil and gas firm - as it prepares for a new share listing aimed at raising £31million.
Riverstone to launch new £550million energy firm
A private equity firm where former BP boss Lord Browne is a partner is to launch a new £550milion energy vehicle on the London Stock Exchange.
Total set to lower investment as production increases
Oil major Total says it expects to scale back on its investment programme from next year as oil and gas production closes in on previously set targets.
Oyster looks for pearls from West of Shetland deal with Ithaca
North Sea exploration firm Ithaca has sold off its interests West of Shetland to a new Norwegian-backed group as part of a series of farm-out deals.
Struggling OGX fires CFO
Crisis-struck Brazilian oil group OGX has fired chief financial officer dismissed Roberto Monteiro as it continues to try and avoid bankruptcy proceedings.
Seadrill looks to raise $500m with bonds issue
Drilling giant Seadrill is looking to raise $500million to increase working capital - despite already posting a $1.7billion profit this year.
Guendalina shutdown increases losses for Mediterranean
Italian-focused exploration firm Mediterranean Oil and Gas says it has lost almost EU2million from the recent shutdown of the Guendalina-3 well in Italy.
Syria crisis forces refocus for Gulfsands
The ongoing crisis in Syria has forced Middle East-focused explorer Gulfsands to switch its focus to Morocco, the company has admitted.
Petrofac strikes record $120m training facilities deal
International oil and gas company Petrofac will provide all-round training facilities for Petronas in a $120million (£75.3million) deal – the company’s biggest to date.