Profits slump 34% at Maersk group
Danish shipping and oil group Maersk said today sales rose 9% in its third quarter on higher oil prices and container volumes.
Markets
Ramp up on Jubilee slower than expected, says Tullow
UK-listed Tullow Oil said today it expected record full year results for 2011 despite slower-than-expected ramp up at its key Jubilee field offshore west Africa.
Cape shares slump on warning of weak margins
Shares in energy service firm Cape slumped today after the company warned its third quarter results would be hurt by weak margins at its Aberdeen-based UK offshore division.
Cosalt Offshore wins milestone MCA status
COSALT Offshore said yesterday it had achieved a milestone endorsement from the Maritime and Coastguard Agency (MCA).
Weir to start 2012 with record order book
Scottish engineering group Weir said today it believes it is going to start 2012 with a record order book after a continued run of strong growth.
First Oil confident of growth targets
Aberdeen energy company First Oil said the UK Government's £10billion tax raid on the industry had cost it nearly £8million.
Suncor triples operating profits
Canadian oil and gas producer Suncor said today its third quarter operating profits nearly tripled aided by high oil prices, better refining margins and increased production at its oil sands business.
Bowleven more convinced than ever on Cameroon
Edinburgh-based oil and gas explorer Bowleven has said it is more convinced than ever of the potential of its west African fields.
Record production for Apache Corp
Higher oil prices helped push up third-quarter profits at US-operator Apache.
CNR increasing capex in 2012
CANADIAN Natural Resources International (CNR) said today it was boosting investment in Africa after cutting spending in the North Sea in the wake of this year's tax grab on oil and gas producers.
Minister defends cuts to subsidies for solar power
ENERGY Secretary Chris Huhne insisted yesterday the UK Government was forced to slash popular solar electricity subsidies to stop domestic bills rocketing.
Subsea 7 predicts North Sea growth
Subsea 7 said today it wanted to add to its north-east workforce after predicting improved performance from its North Sea operations in 2012 and beyond.
EnCore and Premier agree takeover terms
Oil and gas firms EnCore Oil and Premier Oil said today they come to an agreement on the terms over a takeover by Premier.
Endeavour focussed on Bacchus, Greater Rochelle and Tudor Rose
Oil and gas firm Endeavour International said today it remained focused on first production on two key North Sea assets.
Record revenues for Baker Hughes
US oilfield service firm Baker Hughes posted record third-quarter revenue of £3.2billion today, up from £2.5billion a year earlier, as north American onshore activity continued to grow.
Sales drop at Marathon Oil
US OIL firm Marathon today posted a rise in third-quarter pre-tax profits to £812million, compared to £644million a year earlier.
Activity slumps for Kvaerner
Oil and gas field engineering and construction firm Kvaerner has seen a slump in activity but it said the long-term outlook was positive.
Aker buys well intervention firm X3M
Oilfield engineering service group Aker Solutions is to boost its well intervention business by buying the Middle East based well intervention technology business of X3M International.
Hunting completes £90million trio of acquisitions
Energy services firm Hunting has bought a Houston-based specialist machining firm for £20million.
Vestas issues profit warning
Danish wind turbine manufacturer Vestas has issued a warning on profits, blaming the delayed commissioning of a new generator factory in Germany.
Amec shares rise while Xcite’s fall
Banks led London's blue chip shares index lower today as investors waited for further details about the eurozone rescue plan.
Chevron reports Q3 £8.3billion pre-tax profits
Higher oil and refined products prices help drive sales and profits up oil supermajor Chevron in the third quarter, the firm said today.
Total posts year-on-year rise in profits
French energy giant Total said today its third-quarter results were "stable", compared with the previous three months despite a weaker environment.
Statoil: production, profits and revenues up
Norwegian oil firm Statoil today bucked declining production trends, posting a 14% increase in its output in the third quarter.
Technip eyes more opportunities as profits keep rising
The high oil price is driving upstream investments in the energy sector, the boss of a major engineering and construction firm to the industry said today.