Shell delays Arctic operations
Oil major Royal Dutch Shell has decided to delay its hunt for oil in Alaska until next year after a piece of equipment used in a test was damaged, highlighting the difficulties of drilling in the icy Arctic sea.
Markets
Centrica drops out of Inverewe (Kew) drilling
Independent oil and gas explorer Trapoil is on the hunt for a partner to drill on the northern North Sea Inverewe prospect after Centrica opted out of the plans.
Weir Group shares among risers, Plexus Holdings fall
The FTSE 100 Index closed at its highest level for nearly six months today after a multibillion-dollar stimulus package from the US Federal Reserve sent stocks soaring.
BP sells stake in Draugen to Shell
BP has said it is to sell a stake in a Norwegian Sea field to Shell in a cash deal valued at £149million.
BG Group shares among biggest Footsie risers
The Footsie closed 37.8 points higher at 5,819.9 today amid hopes that US policymakers will unveil a new round of emergency support.
Shares in Plexus Holdings surge 5.5%
BAE leapt to the top of the FTSE 100 Index risers' board today after an 11% shares boost, up 34.9p to 363.6p, following news of the possible tie-up merger with aerospace group EADS.
Parkmead shares among Scottish fallers
The FTSE 100 Index closed flat today, down one point at 5,792.2, after clawing its way back from earlier losses.
Oil giant agrees £3.5bn sale of assets in US gulf
Oil giant BP has agreed to sell assets in the US Gulf of Mexico to an American firm for £3.5billion.
Xcite Energy shares gain nearly 6%
The FTSE 100 Index struggled to find direction today, closing broadly flat at 5,793.2 as the euphoria from last week's European Central Bank move to tackle the debt crisis wore thin.
Transocean to sell 38 rigs to new firm
Transocean, the world's largest offshore driller, will sell 38 shallow-water drilling rigs to a Dubai-based firm for £656million to concentrate on high-specification floaters and jack-ups.
Wood Group and Hunting shares among risers
The FTSE 100 Index made modest gains today, adding 17.5 points to 5,794.8, following yesterday's 2% surge in the wake of the European Central Bank's move to offer unlimited funds to lower debt-ridden countries' borrowing costs.
Valiant looking at options
North Sea oil and gas explorer Valiant Petroleum said today it was looking at a possible sale of the business.
BG and Weir shares among risers
A pledge from the president of the European Central Bank to offer unlimited funds to lower debt-ridden countries' borrowing costs triggered a 2% surge on the London market today.
BP shares down 3%
A slump for oil giant BP amid fears it will be unable to secure an out-of-court settlement with the US government over the Gulf of Mexico disaster dragged the London market lower today.
Petrofac among biggest Footsie risers, Weir falls
Fears that the European Central Bank will fail to prescribe the medicine needed for the ailing eurozone triggered big losses on London's leading shares index today.
Ithaca announces success on Hurricane
Oil and gas explorer Ithaca Energy said today it had carried out a successful test on its Hurricane discovery in the central North Sea.
EV takes stake in Halfwave
Venture-capital firm Energy Ventures (EV) has announced an investment of more than £7.5million in a pipeline-inspection company.
Eland aiming to make swift progress
North-east oil explorer Eland Oil and Gas made its debut on the stock market yesterday, with first day trading valuing it at about £135million.
Wood Group and EnQuest shares among risers
Increased optimism that central bankers will pull the trigger on further emergency support measures ensured a robust performance on the London market today.
Lochard Energy puts itself up for sale
North Sea oil and gas exploration firm Lochard Energy said today it was putting itself up for sale.
Jobs go at Expro technology subsidiary
ALMOST 40 people at an Aberdeen oil and gas technology company have been laid off after the firm went into administration.
Petrofac among biggest Footsie risers
Disappointment over the US Federal Reserve's failure to offer clear signals of imminent economy boosting measures sent the FTSE 100 Index into the red today.
£9.6bn Nexen move under review
The Canadian government has started a formal review of China National Offshore Oil Corporation's (CNOOC) proposed £9.6billion takeover of Nexen.
SSE shares among risers, Xcite and Cairn fall
The FTSE 100 Index continued its poor performance today and closed down 24.1 points at 5,719.5 as hopes the US Federal Reserve would signal more stimulus measures tomorrow continued to fade.
Shares in Xcite Energy soar 18%
The FTSE 100 Index fell 32.2 points to 5,743.5 today, with miners among the biggest fallers after fears about growth in China depressed commodity prices.