Sinopec is Brazilian favourite
China's Sinopec has been named as the favourite to buy part of UK oil firm BG Group's stake in some of Brazil's most promising offshore oil areas.
Markets
Shares to watch next week
ABERDEEN-BASED Wood Group, which provides engineering design, production support and gas-turbine services to the oil and gas and power-generation industries delivers its pre-close trading update for this year on Thursday.
Premier Oil shares among risers but Wood Group, Amec and BG fall
Banking shares fell sharply today after the European Central Bank dashed hopes it would take a bigger role in tackling the region's debt crisis.
Sevan seeks £15.6million in offering
Norwegian floating production specialist Sevan Marine said today it had launched a bid to raise £15.6million on the country's stock market.
Coalition spares offshore helicopters from paying new tax
The UK Government has confirmed that North Sea energy firms will not be hit with a new levy for sending workers offshore by helicopter - and has also not ruled out devolving tax on other flights to Holyrood.
Weir Group and Premier Oil shares up but Xcite suffers fall
World markets were pegged back today after Standard & Poor's warned it could downgrade Europe's bailout fund as well as the credit ratings of 15 eurozone countries.
Entrepreneurs ‘back in action’
TWO business ventures currently taking shape in the north-east could see some well-known entrepreneurs make a return to the limelight.
Xcite and Wood Group shares rise, Centrica suffers fall
The London market capped its strongest weekly performance in nearly three years today after a German call for greater fiscal union in the eurozone and a better-than-expected improvement in the US unemployment rate lifted investors' confidence.
Call for North Sea oil strategy
WESTMINSTER politicians moved to recognise the North Sea oil and gas industry's contribution to the UK economy.
Footsie shares hit by bank exposure concern
The FTSE 100 Index closed 16 points lower at 5,489.3 today after spending much of the session in the black.
BG, Wood Group and Petrofac enjoy stocks rise, Xcite and Cairn fall
The London market surged more than 3% today after six central banks including the Bank of England announced a move aimed at boosting lending to households and businesses.
Cairn still positive of success off Greenland
Oil and gas explorer Cairn Energy said today it was still confident of success off Greenland despite its 2011 drilling campaign failing to make a commercial discovery.
Wood Group launches Angolan JV with BP contract
Aberdeen energy service giant Wood Group announced its first contract for a new joint-venture in Angola today.
Shares up at EnQuest, Parkmead and Wood Group, but Xcite slides
Investors shrugged off a gloomy autumn statement from Chancellor George Osborne today as optimism over a solution to the eurozone debt crisis pushed the London market higher.
EnerMech wins £1m North Sea contract
Aberdeen mechanical service firm EnerMech said yesterday it had won a £1million North Sea contract with Talisman Energy Norge.
Substantial increase in Senergy’s business
Energy service company Senergy, of Aberdeen, said yesterday it had seen a substantial increase in business, particularly in Europe, the Middle East and Africa.
£64m of low-carbon projects approved
Scottish utility SSE said yesterday it had won approval for low-carbon electricity projects worth £64million.
Aberdeen Asset Management gains 4.7%
INVESTORS shrugged off a gloomy economic assessment from the OECD yesterday as optimism surrounding moves to stem the eurozone debt crisis pushed markets higher.
Glasgow office for Xodus
Aberdeen-based energy consultant Xodus Group said yesterday it had invested £1.5million to open a new office in Glasgow. It will initially employ 20 people, rising to 45 next year.
Asco is tipped to double in size after £250m sale
INTERNATIONAL oil and gas logistics company Asco has been sold to private equity firm Doughty Hanson in a deal believed to be worth up to £250million.
Big player’s rise from humble beginnings
ASCO has risen from humble beginnings in a small warehouse in the Granite City to a company with turnover of £516million.
Island fuel prices set for 5p-a-litre reduction as rebate scheme gets nod
FUEL prices in the Northern and Western Isles will be reduced by 5p a litre from March, the UK Government confirmed yesterday.
Consumer champions hail energy bill changes
Consumer groups have welcomed British Gas's promise to simplify tariffs for "confused, antagonised and alienated" customers who have been "bamboozled" by the energy market.
Scots engineer agrees £433m acquisition of Seaboard
Scottish engineer Weir Group said yesterday it had agreed to buy US oil and gas equipment manufacturer Seaboard Holdings for £433million.
Ofgem to give more protection to businesses
Businesses are to get extra protection from bullying energy suppliers and brokers, according to the industry watchdog.