Energy price war hope as gas bills cut
One of the UK's big six energy suppliers has announced that it is cutting the price of its tariffs - sparking new hope that a price war could bring some respite for consumers.
Markets
First oil from Van Ghent well
DANA Petroleum said last night first oil had been achieved on the Van Ghent well on the Dutch continental shelf yesterday.
Ross extends Cosalt loan until end of June
Engineering business Cosalt said yesterday that a £5million loan provided by chairman David Ross, which was due to expire earlier this week, had been extended to June 30 or until fresh agreements were reached with its banks.
Wood Group firm to work on Tubular Bells
A subsidiary of Aberdeen's Wood Group has won a detailed design engineering contract for the topsides and deck of a platform to be used on the Gulf of Mexico Tubular Bells field.
EnQuest and Petrofac shares rise, Parkmead and Faroe among fallers
Banks helped pull the London market higher today after eurozone debt fears were eased when France escaped a credit rating downgrade.
First deepwater well off Romania
A subsidiary of ExxonMobil and Romanian oil and gas group Petrom has started drilling on the first deepwater exploration well in the Romanian sector of the Black Sea.
Chairman confident of taking Cosalt off exchange
The chairman of Cosalt said last night he was confident the company would return to private ownership after revealing he had control of more than half its shares.
EnQuest among risers despite tough day for markets
World markets struggled to make progress today after another meeting on the eurozone debt crisis failed to ease traders' nerves.
Good start to 2012 for EnQuest
Independent oil and gas firm EnQuest today announced a near-£60million deal which will give it a 20% stake in the UK North Sea Kraken discovery.
FTSE 100 gains 25 points in final session of the week
The FTSE 100 Index closed 25.4 points higher at 5,649.7 today despite the eurozone debt crisis continuing to trouble investors.
Trapoil gears up for participation in eight wells in 2012
il and gas explorer Trapoil said today it had sold out of the Premier-operated Lacewing asset for £1million and gave an update on its eight well 2012 drilling programme.
Dong’s £750million bond issue to help North Sea programme
Danish energy firm DONG Energy said today it had successfully issued a £750million bond which would aid its UK North Sea oil and gas and wind farm plans.
Unite condemn Shell pension move
Oil giant Shell was attacked yesterday after it said it was closing its final salary pension scheme to new workers.
Sovereign debt and banking fears fuel FTSE drop
A cocktail of sovereign debt and banking fears in Europe ensured another session of losses on the London market yesterday.
Profits soar at Bond Offshore
NORTH Sea helicopter operator Bond Offshore Helicopters (BOH) saw profits climb 86% during the year leading up to a takeover of its parent, figures showed yesterday.
Former Tesco chairman joins Intertek
A FORMER Tesco chairman with strong north-east connections has started 2012 with a new job and a knighthood.
Petrofac and Schlumberger join forces
Oil services giants Petrofac and Schlumberger said today they had joined forces to tap a "significant" market in production services.
Cove put on the sale block
An AIM-listed oil explorer focused on east Africa has decided to put itself up for sale.
New year revival for the FTSE 100 is short-lived
The new year rally on the FTSE 100 proved shortlived as ongoing fears over the eurozone debt crisis returned to haunt London's leading shares index today.
Shake-up at drilling firm Archer
Drilling and well-services contractor Archer announced an organisational shake-up and a raft of new appointments today.
New chief exec for DeepOcean
Subsea engineering firm DeepOcean Group said today it had appointed a new chief executive to serve from February 1.
Deep water pre-salt find offshore Angola for Maersk
Maersk Oil has said it has made a step towards building a "significant business" offshore Angola after striking pre-salt oil.
Aberdeen shares ‘outshine peers’
Aberdeen Asset Management (AAM) said yesterday the performance of its shares during 2011 outshone its listed peers for a second consecutive year.
Weir, BG and EnQuest shares rise on first day of trading
Investors started 2012 with a burst of optimism today as upbeat manufacturing data from all corners of the world triggered a rally on London's top shares index.
Total ploughing £1.4billion into US shale gas
French oil firm Total is investing £1.4billion in the development of US shale gas reserves in Ohio.