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.
Markets
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.
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.
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.