Sinopec outperforms PetroChina after refining business boom
Asian oil giant Sinopec saw incomes rise by 24% in the first half of 2013 after its refining business returned to profit, outperforming PetroChina.
Markets
Shareholders snub Seadrill bid to buy out Sevan stock
Drilling giant Seadrill's bid to buy all available shares in Sevan has fallen significantly short after acquiring just 0.01% more of the company.
Noreco directors quit ahead of half-year results
Two directors of beleaguered Norwegian oil group Noreco have resigned from the company's board ahead of the company's half-year results.
PetroChina boosted by first-half profits rise
PetroChina, the country’s biggest oil and natural gas producer, posted a 5.6 percent increase in first-half profit as gas and crude production improved.
Cnooc linked with $3billion debt bid
The parent firm of China's biggest offshore energy explorer has launched a bid to raise $3billion of loans, according to two people familiar with the matter.
Premier Oil looks for North Sea success after half-year profits rise
Exploration group Premier Oil saw profits rise by 10% in the first half of 2013 as the company turned its focus on the North Sea for next year.
Sterling counts cost of Breagh field delays
North Sea explorer Sterling Resources has posted wider second-quarter losses, saying delays and cost increases for its Breagh gas project were intensely frustrating.
Reserves rise but profits down at Energy XXI
Gulf of Mexico-focused Energy XXI saw its oil reserves rise by half for 2013 - but saw earnings fall.
Vestas name new chief executive after latest losses
Danish wind turbine maker Vestas Wind Systems is to replace its CEO after posting a worse-than-expected loss.
Profits boost for Wood Group
Energy services giant Wood Group saw profits up more than 16% for the first half of 2013 after picking up new North Sea and international contracts this year.
Maersk sees oil profits drop after exploration increase
Danish giant Maersk said the drop in its oil production had 'bottomed out' after seeing second quarter profits drop.
Constraints on cash could spell the end for Antrim Energy
A North Sea explorer's share price plunged yesterday after saying it had significant doubts it could continue trading.
Ithaca Energy boosted by profits and production growth
Aberdeen-based energy company Ithaca saw pre-tax profits double for the first half of 2013.
Maritime Assurance and Consulting closes year on record high
Aberdeen-based Maritime Assurance and Consulting company (MAC) doubled its forecast profits for the year to record revenues of £2.9m.
ONGC hit by profits drop after expenses growth
Indian state-owned Oil and Natural Gas Corporation saw quarterly profits drop 34% after being hit by higher costs.
BlackPearl records Q2 growth
Canadian oil and gas company BlackPearl Resources recorded a 19% year-on-year increase in revenues to $58.3million in second quarter of 2013.
Sevan hits back at share purchase offer from Seadrill
The battle for control of offshore drilling firm Sevan has stepped up a gear after the company's board urged shareholders to reject a bid from John Fredriksen's Seadrill group.
Amec sees profits drop despite strong North Sea performance
Engineering services group Amec saw sales and profits drop in the first half of the year, despite strong performance in its oil and gas operations.
Eni’s “important” Congo find closes difficult first half-year
Italian oil major Eni has made an “important" oil and gas find off the Congolese coast.
‘Challenging’ energy market in Europe hits GDF Suez profits
French energy giant GDF Suez saw profits fall after an 'uncertain and challenging' outlook for Europe's power market.
Shell sees earnings slip as Nigeria security issues rise
An increasing number of oil thefts from Nigeria and rising costs took their toll on Royal Dutch Shell after the oil supermajor revealed a 'disappointing' second quarter earnings fall.
Taqa looks for Cormorant Alpha boost in current quarter
Abu Dhabi state-owned oil exploration firm Taqa has blamed operational issues after recording a £30million second quarter loss.
Tullow hunts for TEN partners as North Sea sale talks continue
Tullow said talks to sell its North Sea and Dutch assets were continuing after seeing profits drop 45% to £313million for the first half of the year.
Centrica profits up to £356m after cold weather tariffs rise
British Gas owner Centrica saw profits from its residential energy arm rise by 3.2% to £356 million as it cashed in on the freeze in the first half of the year.
Weir Group looking to US shale gas market after smaller drop in first-half earnings
Scottish engineer Weir Group said yesterday a recovery in the US shale industry should help to offset weaker mining-equipment markets in the months ahead.