Parkmead and Xcite shares up, EnQuest and Petrofac down
Investors shied away from risk today as the enormity of the task faced by new governments in Italy and Greece sank in.
Markets
Cairn Lanka finds gas in Barracuda
Cairn Energy's Indian subsidiary said today it had made a gas discovery in the Mannar Basin off Sri Lanka.
BG Group underlines offshore Brazil potential
BG Group said today the potential of its Brazilian Santos basin discovery had been underlined by a strong well test and results of its latest well.
Growing demand leads to city firm opening office in Canada
OIL and gas commissioning and technology specialist qedi said today it had reached another milestone in its rapid global growth by entering Canada.
Energy and mining firms doing well
CAPE supplies and manages industrial scaffolding and insulation, and undertakes cleaning and painting to the offshore and onshore oil and gas industries.
Growing demand leads to city firm opening office in Canada
OIL and gas commissioning and technology specialist qedi said today it had reached another milestone in its rapid global growth by entering Canada.
Aker picks up £77m Brynhild project
Aker Solutions has signed a £77million contract with Lundin for subsea work on its Brynhild project on the Norwegian continental shelf.
Xcite tops up its funds
Aberdeen-based oil explorer Xcite Energy today said it was to use £2.5million from an investment facility to help it towards first oil on the Bentley field.
Sevan sells FPSOs to new partner Teekay
Troubled Norwegian floating production specialist Sevan Marine has agreed to sell some of its vessels to marine firm Teekay.
Energy supplier SSE slips into the red
SSE fell into the red during the six months to September 30, figures from the Perth-based energy supplier showed yesterday.
Aberdeen Asset Management and Cairn among market fallers
Investors deserted the markets today after a jump in Italy's borrowing costs pushed the country into "bailout territory".
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.
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.