Greenland seismic planned for 2012
A new 3D seismic survey offshore Greenland is poised to be carried out in 2012 as the hunt for hydrocarbons in the Arctic region continues.
Markets
Ormen Lange plant starts recovery but second storm on way
Norwegian gas flows to the United Kingdom remained choppy today as power began returning to Royal Dutch Shell's Ormen Lange gas processing plant after storms cut off its electricity, said news agency Reuters.
CNOC to pick up Afghan oil contract
Afghanistan's Ministry of Mines will sign the country's first oil contract with China's state-owned National Petroleum Corporation.
Survival name of the game for Dyce firm
ENERGY industry training centre Survivex is planning to add 15 people to its workforce after a successful first six months.
Nautical to buy Nottingham onshore stakes
Oil and gas company Nautical Petroleum has agreed to buy 15% interests in two onshore UK exploration licences from Egdon Resources.
Shares in BP, EnQuest and Faroe Petroleum enjoy festive rise
A pre-Christmas rally ensured the London market closed on a festive note today as the likes of oil giant BP and Johnnie Walker owner Diageo put in a resilient performance.
Active 2012 planned for Bridge Energy
Oil and gas firm Bridge Energy said today it was looking ahead to an active 2012 after buying a 50% stake in the Duart field from Nexen Petroleum Dragon UK.
Balmoral Group plans to invest in business after robust year
Balmoral Group plans to invest in business after robust year
£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.