Shell reports 133% rise in profits
Oil giant Royal Dutch Shell said today higher oil prices and its own performance helped it to more than double third-quarter profits.
Markets
ConocoPhillips benefits from higher oil prices
US oil and gas group ConocoPhillips said today the UK Government's North Sea tax grab had cost it an additional £68million in taxes.
New CEO at Taqa
The parent company of UK oil and gas firm Taqa Bratani has appointed a new chief executive.
EnQuest and Aberdeen Asset Management rise, Premier Oil falls
The London market made small gains today as traders waited for the details of a eurozone rescue plan expected to be hammered out at a crunch meeting of politicians.
BP boss says oil and gas giant safer and stronger after Macondo
BP boss Bob Dudley said today the oil giant had reached a clear turning point after announcing quarterly pre-tax profits of more than £4.5billion.
Economic slowdown hits smaller oil firms
AN INCREASING number of deals involving smaller oil and gas companies has been predicted by Ernst & Young.
Schlumberger positive despite global financial turmoil
OILFIELD service giant Schlumberger yesterday said its third-quarter turnover rose 49% to £6.4billion compared with the same period in 2010.
Energy giants to report results
LOWER oil prices in recent months could see profits at the world's largest energy companies dented as they reveal their third-quarter results this week, according to analysts.
Ithaca and EnQuest shares up, Premier Oil and Wood Group fall
INVESTOR fears that this weekend's meeting of financial leaders will not deliver a solution to the eurozone debt crisis hit Britain's blue-chip benchmark yesterday.
Petrofac predicts profits
INTERNATIONAL oil and gas facility service provider Petrofac today predicted at least 15% growth in like-for-like profits for the full year.
Cairn’s India deal due “shortly”
Edinburgh-based oil firm Cairn Energy said today it expected a long-delayed deal to sell a stake in its Indian business to complete "shortly".
Ranger becomes North Sea Energy
North Sea oil and gas explorer Ranger Exploration is now trading as North Sea Energy after being taken over.
£2.4million Hub development on the way for Aberdeen
A new £2.4million Hub development to support Aberdeen and Scotland's leading position in developing global energy technology is on schedule for completion by next July, Scottish Enterprise (SE) said yesterday.
Bowleven after more cash
Edinburgh-based oil and gas exploration group Bowleven announced today it could raise £76million on the stock market to help it carry on exploring and assessing its Sapale oil field offshore Cameroon.
Production delay at Skarv dents Statoil shares
Shares in Norwegian oil firm Statoil fell 1.9% today after it was announced there would be a further delay to the Skarv field coming online.
Cosalt shares plummet after warning
OIL and gas industry firm Cosalt saw its shares plummet 57% to just 0.7p yesterday after it said full-year trading would be significantly lower than expected.
Arab Spring disruption
The Arab Spring has disrupted investment plans in oil and gas projects as some governments in the region have shifted their focus to meet increasing demands from their population, the International Energy Agency (IEA) said today.
Plexus Holdings technology could save millions
An Aberdeen oil and gas engineering and services firm said yesterday it was working on technology which would save the industry hundreds of millions of pounds by allowing the use of wells that would otherwise be abandoned.
Butch gives Faroe a boost
Elaine Maslin
Xcite and Faroe close up – Cairn and Wood Group fall
INVESTORS lost confidence in the prospect of a speedy resolution to the eurozone debt crisis yesterday, causing Britain's leading share index to drop into the red.
Iraq move for Taqa
Abu Dhabi's national energy company Taqa is to buy nearly 20% of a Calgary-based firm focused on Iraq.
Business Growth Fund names regional director for Scotland
THE Business Growth Fund (BGF), established to help Britain's fast growing smaller and medium sized businesses, said Simon Munro was joining as regional director for Scotland.
Nautical excited about North Sea finds
OIL and gas explorer Nautical Petroleum said yesterday that 2012 would be transformational for the company as it moved to help develop three North Sea fields.
Crane deal for city company
ABERDEEN company EnerMech has landed a multimillion-pound crane maintenance contract from Maersk Oil North Sea UK.
New Falklands prospect similar to Sea Lion
Falklands explorer Argos Resources said today it had identified "considerable additional prospectivity" on its North Falkland Basin licence.