Markets
£5.1m win for Kenny Down Under
ENGINEERING service firm Wood Group Kenny said yesterday it had won a £5.1million contract from energy company Hess to deliver work in Australia.
Parkmead and Wood Group shares up on strong day for markets
A successful Spanish bond auction and strong German economic data eased fears over the eurozone crisis and drove world markets higher today.
Xcite, Nautical and Melrose shares suffer on tough day for markets
Banks dragged London's leading shares index lower today after Chancellor George Osborne said he would push through plans for a radical industry shake-up.
Parkmead ramps up North Sea holdings
Fast growing oil and gas firm Parkmead Group has announced its second acquisition in just over a month after snapping up interest in four North Sea blocks.
Payback after firm mis-sold power
THOUSANDS of people in the north and north-east are to be offered compensation if they have been mis-sold contracts by a leading energy provider.
Weir Group shares up but Cairn Energy, Tullow Oil and BG Group among biggest fallers
Insurance stocks rose sharply today after a £2billion deal in the financial services sector helped the London market weather the economic gloom.
BP and Shell shares down in market rout
A weak start for London shares turned into a full-blown rout today after investors ditched risky stocks on more global growth fears.
Footsie boosted by latest eurozone news
The FTSE 100 Index finished 62.3 points higher at 5,490.1 today after the eurozone bailout fund received a reassuring response as it tapped money markets for short-term funding for the first time.
Rockhopper reveals hydrocarbon finds in four fields in the Falklands
Shares in south Atlantic-focused Rockhopper Exploration surged yesterday after it announced hydrocarbon finds in four of its Falklands oil fields.
Growing interest in Brazilian oil assets
BG GROUP has been the subject of speculation that Chinese state-controlled oil company Sinopec is interested in buying part of the firm's Brazilian oil assets, which are valued at around £25.6billion.
Tullow hopeful of hitting plateau on Jubilee
UK-listed oil firm Tullow said today it hoped production from its Jubilee oil field off Ghana would reach 120,000 barrels per day by "early next year".
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.
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.