Spike launches £103m takeover bid for North Sea operator Bridge Energy
North Sea operator Bridge Energy looks set for a £103million takeover from Spike Exploration after recommending to shareholders they accept the deal.
Markets
OGX faces Batista fight for new funding to avoid bankruptcy protection
Beleaguered Brazilian exploration firm OGX is set to ask bondholders for more cash in a bid to avoid having to file for bankruptcy protection.
M+W drops interest in Kentz takeover bid
Austrian engineering group M+W has decided not to make a new bid for Kentz - just a day after rivals Amec dropped their interest in taking over the company.
Energy Report: What could move energy stocks this week?
Scott Darling, head of regional oil & gas for Asia-Pacific with JP Morgan, discusses what issues could impact energy stocks over the next few days.
Amec drops Kentz takeover bid plans
AMEC has ditched plans to launch a takeover of offshore engineering firm Kentz, it was confirmed today.
Marathon sells off Angolan stake for $590m
Marathon Oil is set to snap up a in one of the main shale gas formations in the USA - while selling off its offshore block in Angola for around $590million.
Gulf Keystone to learn Excalibur court battle fate
Gulf Keystone has been given a courtdate for the end of of its long-running legal battle with Excalibur over its operations in Kurdistan.
E.On to acquire energy efficiency specialists
Energy giant E.On has snapped up efficiency services firm Matrix.
Turnover boost for Aiken Group
Aberdeen engineering services firm Aiken Group said yesterday that its annual turnover was up by 4% to £13.33million despite some of the harshest trading conditions of its 26-year history.
Det Norske agrees $1bn credit facility to fund Aasen and Sverdrup work
Norwegian oil giant Det Norske has agreed a $1billion revolving credit facility as it looks to fund its development of the giant Ivar Aasen and Johan Sverdrup fields.
Gulf Keystone name new directors after boardroom row
Former Evode managing director Andrew Simon is to join Gulf Keystone as a director, as the fallout from the summer boardroom battle continues.
Shetland oil fields spark boom time at Lerwick Harbour
A Shetland port has reported a 26% increase in business due to booming oil and gas activity around the islands.
Chevron set to invest hard dollars in Argentina gas
Chevron Corporation, the second-largest energy company by market value, will invest in Argentine shale oil and natural gas fields by bringing dollars into the country and exchanging them at the official rate, said state-run YPF SA.
Rosneft chief ups stake to $65m
Rosneft chief executive Igor Sechin has increased his stake once again in the oil giant - just days after it first emerged he had bought shares in the firm.
Sinopec strikes $3.1bn Egypt deal as Chinese oil firms eye move into Middle East
Asian refining giant Sinopec has agreed a $3.1billion deal to take a 33 percent stake in Apache’s Egyptian oil and gas business, marking the state-owned company’s biggest purchase in the Middle East.
Salamander boosted by Bualuang growth
Production growth in its Bualuang field helped boost British oil group Salamander Energy's half-year revenues.
Noreco takes $80million hit after production wipe-out
Troubled Norwegian oil firm Noreco saw second quarter losses widen as the loss of its entire production output due to technical problems took its toll.
New African contract wins for APR Energy but revenue down 44%
Power generation group APR Energy says it won a 72 percent increase in new contracts in the first half of the year, easing the pain of lower revenue and profit.
Syria military strike fears spark sharp rise in Brent price
Growing expectation of a military strike against Syria have pushed Brent crude oil prices to a six-month high of more than $117 a barrel.
Record results for Seadrill but losses for takeover target Sevan
Offshore drilling giant Seadrill posted its best ever results after making a $1.7billion profit in the second quarter - despite selling off their tender rig business.
Rising order book underlines Kentz attraction
Half-year results from Kentz have revealed why interest in the engineering firm is soaring; it has orders worth £1.8billion on its books.
Exillon extends takeover talks deadline after profits rise
Russia-focused oil firm Exillon says it will extend the deadline for a takeover bid from its former chairman until next month.
Three senior PetroChina managers quit after government launches corruption probe
Three senior members of PetroChina's management have resigned after the launch of a probe by the Chinese government into alleged corruption.
Order slowdown and scrapped Cat B rig hits profits at Aker
Oilfield services group Aker Solutions says a decline in the number of new orders and a lack of contracts for existing vessels helped push down second quarter earnings.
Petrofac looks to strong order backlog for second half of 2013
Petrofac says it expects a stronger second half of 2013 after seeing profits fall by more than a quarter for the first six months of the year.