Enquest to up stake in Kraken
Independent oil and gas firm EnQuest said today it is to fast-track its Kraken development after agreeing a deal to boost its stake in the North Sea field.
Markets
Premier Oil shares up but BP and Petrofac among fallers
Strong corporate earnings figures in the US boosted markets today, but the UK's slide back into recession left London's leading shares index with only lacklustre gains.
FTSE 100 recovers some of its lost ground
Successful European bond auctions and strong corporate earnings in the US today helped London's leading shares index recover some of yesterday's heavy losses.
Shell agrees to buy Cove Energy
Oil and gas major Royal Dutch Shell has agreed to buy Mozambique-focused explorer Cove Energy for £1.1billion in cash.
Agora increases Tybalt stake
Valiant Petroleum said today it had signed a farm-out agreement with Agora Oil and Gas (UK) on its Tybalt prospect in the northern North Sea.
Xcite and Weir shares among fallers on bad day for markets
Political uncertainty in France and the Netherlands threatened to derail plans to stabilise the eurozone and triggered a rout on world markets today.
Shell set for first-quarter boost
Shares in Royal Dutch Shell have been under pressure in 2012, despite the price of Brent crude being above $120 a barrel for much of the year, over concerns about supply from the Middle East and North Africa.
Wood Group and AMEC shares rise but Weir Group among biggest fallers
London's leading shares index finished the week on a high today after bullish comments from analysts helped lift some of the gloom over the banking sector.
London’s main index flat after poor US data
London's leading shares index struggled to find direction today after a round of poor economic data in the US pulled attention away from positive developments in the eurozone
Weir shares among top risers but BP stocks fall
Supermarket giant Tesco failed to win over investors with its £1billion plan to revive its UK arm today as the grocer followed world markets into the red.
Amec shares among risers but Parkmead and EnQuest fall
Marks & Spencer and Burberry featured on a shortened fallers board today as the wider London market made decent gains following an encouraging debt auction in beleaguered Spain.
Centrica and Cairn shares rise, Premier Oil among fallers
London's leading shares index managed to hold its head above water today despite heavy losses for the banking sector amid ongoing fears over the eurozone.
Shareholders oust North Sea oil firm’s boss
The chief executive of North Sea oil firm Lochard Energy has been voted out by shareholders.
Amec and Premier shares among risers, Shell falls
London's leading shares index capped a miserable week by falling 1% today on the back of weaker-than-expected Chinese growth figures.
Shell shares recover from early slump
A late rally helped London's leading shares index finish on a positive note today.
Weir and Cairn shares among risers, Parkmead and BP fall
A banking rally today helped London's leading shares index recover some of the heavy losses it suffered in yesterday's rout.
Moray firm snaps up rival
Moray manufacturer Forsyths said yesterday it had bought smaller Elgin-based rival Northern Fabricators.
Premier Oil and Wood Group shares among fallers
A rise in Spain's borrowing costs fuelled fears about the eurozone debt crisis and triggered a sell-off on world markets today.
Wilton wins Danish deal with Subsea 7
Wilton Engineering Services said yesterday it had won a multimillion-pound contract with Subsea 7.
Oil explorer raises £31.5m
Heavy-oil explorer Xcite Energy has raised £31.5million to help fund ongoing work.
Wood Group sells US unit
Energy service giant Wood Group said yesterday it had sold US aero-engine maintenance firm Wood Group Turbopower, which employs about 100 people and holds assets worth £11.8million, for an undisclosed sum.
Phillips 66 set for split from parent
US oil firm ConocoPhillips said yesterday its board had given final approval for the spinoff of its downstream arm.
Xcite draws on new cash
Aberdeen-based Xcite Energy said yesterday it had drawn down £2.12million on its equity funding agreement with venture-capital firm Esousa Holdings. Esousa has taken nearly 1.9million shares in Xcite as a result of the funding, which the oil and gas explorer said it would use as future working capital and to progress towards first oil from its Bentley North Sea field.
Footsie makes small gain going into Easter
Fresh worries about the eurozone debt crisis and the UK economy meant London's blue chip shares index struggled to make significant gains today.
FTSE 100 down 2% on dismay over US inaction
Fresh evidence that US policymakers will resist the urge to provide more emergency support and ongoing fears over the eurozone caused a 2% drop on London's leading shares index today.