Cairn to raise £231million in Indian share sale
Scottish oil and gas explorer Cairn Energy said today it was to sell a further 3.5% stake in its former majority-owned subsidiary Cairn India for about £231million.
Markets
Cairn Energy shares gain 2.1%
More than £3billion was wiped off Barclays' market value today as its rate-rigging scandal sent shockwaves throughout the banking sector.
Funding talks continue
Engineering firm Cosalt told shareholders yesterday it was still trying to secure long-term funding.
BG Group shares up by 3.8%
Signs of hope for the global economy helped the FTSE 100 Index break a four-day losing streak today as it surged 1.4% higher.
Volatile day for Xcite Energy shares
Shares in Aberdeen-based oil and gas firm Xcite Energy traded as low as 35p yesterday despite closing at 72.5p.
Fears crude slide will continue
Energy analysts fear the oil price could continue to fall this year, unless global economic conditions start to turn around.
Faroe Petroleum shares up by 7.3%
Royal Bank of Scotland was the biggest faller on the FTSE 100 Index today as it continued to come under pressure over its computer glitch crisis.
Centrica shares among biggest Footsie risers but Premier fall
The London market closed in the red today as apprehensive investors kept their cash off the table ahead of a key EU summit this week.
Oil shares down amid wider stock market fall
The FTSE 100 Index fell 52.7 points to 5,513.7 today as bleak economic data from the US and China continued to hit sentiment.
Wood unit secures deal with major
Energy service giant Wood Group, of Aberdeen, said yesterday its Wood Group Mustang subsidiary in the US had secured a major deal with Royal Dutch Shell.
BP shares hit by further fall in oil prices
The FTSE 100 Index closed 55.9 points lower at 5,566.9 today as a raft of economic data from the US and China fuelled fears over the global economic recovery and hit confidence on the London market.
Petrofac suffers a fall on good day for Footsie
Fresh hopes that the Bank of England will launch another round of stimulus measures lifted London's leading shares index today.
KCA Deutag earnings back on track
KCA Deutag said yesterday it was on course to match its 2010 earnings this year following a sharp fall in 2011.
BG and Weir shares among biggest FTSE risers
Hopes that the continuing gloom in Europe would spur central banks into further stimulus measures triggered a rally on world markets today.
Melrose Resources shares among risers
Fresh fears about the Spanish economy wiped up to 5% from bank shares and overshadowed a narrow victory for pro-bailout parties in Greece's election today.
Oil company aims to drill in Nigeria
A north-east oil firm could be heading for a £100million stock market flotation in the coming weeks.
Wood Group shares rise, Cairn and Nautical both fall
The London market kept its head above water yesterday on hopes that central banks globally are ready to act if this weekend's election in Greece ultimately leads to the debt-laden country leaving the euro.
HitecVision backs new North Sea exploration firm
Norwegian investment firm HitecVision has agreed to invest up to about £150million in a new oil and gas exploration outfit.
Dana to invest £20 million in Cameroon
Dana Petroleum said yesterday it was planning to drill its first well off Cameroon after being awarded a production sharing contract by the African country's government.
Petrofac and BG shares among FTSE fallers
A surge in Spain's borrowing costs to within bail-out territory triggered another session of losses for London's leading shares index today.
£20.8 billion spending off Norway in 2013 predicted
Investment in oil and gas exploration and production offshore Norway could reach £20.8 billion in 2013, according to new data.
SSE shares among biggest FTSE risers but Weir Group fall
London's leading shares index struggled to find direction today as fears for the future of the eurozone were compounded by disappointing data in the US.
Cairn makes £414million bid for Nautical
Edinburgh-based oil and gas firm Cairn Energy said this morning it has agreed a deal to buy Nautical Petroleum.
Iona takes control of Orlando
Iona Energy said today it had agreed a deal worth about £50million to increase its stake in the northern North Sea Orlando field to 100%.
Tercel slips into the red despite turnover rising
Oil and gas service firm Tercel Oilfield Products UK slid into the red last year despite an increase in turnover.