Tullow biggest Footsie faller, Weir Group among risers
The FTSE 100 Index struggled to make progress today, up 3.3 points at 5,924, amid frustration at the pace of negotiations on the looming US fiscal cliff.
Markets
Tullow puts a Spring in its step
Africa-focused oil and gas firm Tullow Oil is to buy a Norwegian exploration firm plus sell off southern North Sea fields in a move to refocus its portfolio, it said today.
Petrofac shares rise, Faroe Petroleum among fallers
Political uncertainty in the eurozone resurfaced today as the FTSE 100 index struggled to build on last week's near three-month high.
Plexus shares among risers, Parkmead and EnQuest fall
London's FTSE 100 Index closed at a near-three month high today as figures showed the US unemployment rate falling to its lowest level for four years.
New CFO for Cape
A former group finance director at Aberdeen-based oilfield service firm Expro has been recruited by industrial service firm Cape.
Weir Group among biggest Footsie fallers
The FTSE 100 Index rose 9.3 points to 5,901.4 today as mining stocks were buoyed by hopes over progress to resolve the US fiscal cliff.
Estimates for oil and gas revenues cut
Official forecasts for future North Sea oil and gas revenues have been slashed.
EnQuest shares rise, Parkmead among fallers
Chancellor George Osborne failed to spook investors today despite telling austerity-weary Britons to brace themselves for more spending cuts.
Cairn Energy shares among risers, Bridge Energy falls
Uncertainty over progress between Democrats and Republicans in finding a solution to the pending US fiscal cliff hit London's leading shares index today.
Parkmead shares rise, EnQuest among fallers
The London market surrendered earlier gains today after worrying figures on the US economy overshadowed encouraging data from Asian powerhouse China.
Dart approached by potential strategic investor
The international arm of Australian coal bed methane outfit Dart Energy has put on hold a London stock market listing after an approach from a potential "strategic partner".
Rig hire rates soaring in the North sea
The daily cost of hiring a standard semi-submersible drilling rig in the North Sea has shot up to more than £250,000 for the first time since 2008, a north east firm says.
Bridge Energy shares rise, Parkmead and Faroe among fallers
Uncertainty over talks to head off the looming fiscal cliff in the US kept the London market in check today as eurozone concerns also weighed on stocks.
Sterling agrees farm-out to Shell
Oil and gas explorer Sterling Resources has agreed a farm-in deal with Shell for two central North Sea exploration blocks.
Taqa lines up banks for bond fundraising
North Sea oil firm Taqa has hired five banks to arrange investor meetings ahead of a potential "benchmark" bond sale, according to the banks.
Wood Group shares among biggest Footsie fallers
London's FTSE 100 Index powered more than 1% ahead today on fresh hopes of a deal being struck to avoid the so-called fiscal cliff in the US.
Cosalt accounts still in limbo as talks continue
Engineering firm Cosalt said yesterday it still could not publish its annual accounts for last year because its long-term financial future remained uncertain.
BP in US contract ban
Oil giant BP has been suspended from new US Government contracts because of its "lack of business integrity" in the way it handled the Gulf disaster.
‘We’re here until the oil runs dry’
Offshore firm Taqa Bratani has pledged to be operating in the North Sea until the oil runs dry after buying fields from BP for up to £818million.
‘Constructive’ tax talks
Taqa said its £818million deal to increase its presence in the North Sea came after "constructive dialogue" with the UK Government over tax changes for oil and gas firms.
BP shares among fallers after US contracts ban
The London market managed to claw back initial losses today to close 3.6 points down at 5,803.3 as the Dow Jones Industrial Average on Wall Street made early session gains.
Parkmead shares among risers, Amec and BP fall
The Chancellor's choice of Bank of England governor failed to liven markets today as fears over the approaching fiscal cliff in the US continued to trouble investors.
Exploiting Falklands finds now on agenda
Oil explorer Desire Petroleum said yesterday it was now focused on finding extra funds to develop its Falklands discoveries.
Hunting and Petrofac shares among risers, Cairn falls
Retailers enjoyed a strong run today as the "Black Friday" rush in the US brought the industry into focus, helping the FTSE 100 Index close its strongest week of the year.
Faroe Petroleum shares among risers, Xcite fall
Impressive figures from China's manufacturers helped lift some of the most heavily-weighted stocks on London's leading shares index today.