Ithaca to list on Toronto Stock Exchange
Ithaca Energy has received conditional approval to list its shares on the Toronto Stock Exchange.
Markets
Fairfield agrees sale of Staffa block to Iona
FAIRFIELD Energy, of Aberdeen, said yesterday it was selling the UK North Sea block containing the dormant Staffa field.
Asco US bid talk
US-BASED private-equity group AEA Investors, which counts former BP chief executive Tony Hayward among its advisers, was reported yesterday to be among bidders for international oil and gas logistics group Asco.
Rockhopper’s Desire to up Falklands stake
Falklands oil and gas explorer Rockhopper Exploration is to boost its holdings in the region by agreeing a farm-in with Desire Petroleum which could extend its Sea Lion discovery.
Brazilian project costs increase for Aker Solutions
Oilfield engineering service group Aker Solutions said yesterday issues at its Brazilian manufacturing plant and lack of oil industry resources in the country had contributed towards expected costs of £44.5million-£55.6million.
North east an incubator for new companies
GROWTH capital investor Lime Rock Partners believes the oil and gas sector in Europe has a secure future and it will continue to look for growth and technology investments.
Forties owner expects £550m of investment this year
APACHE North Sea has said it expects to invest more than £550million in 2011, after reporting rising turnover and profits.
EnCore prime catch for Premier
NORTH Sea explorer Premier Oil said yesterday it was buying smaller rival EnCore Oil in a £221million deal.
Bosses have strong exploration track record
THE sale of EnCore Oil would not be the first taste of North Sea success for the firm's founding directors.
Supermarket giant cuts fuel prices
A supermarket giant has decided to cut the price of fuel by up to 2p a litre.
Oil prices hit six-week low
Oil fell to six-week lows yesterday as fresh concerns about the eurozone added to the economic gloom that knocked nearly 7% off prices this week.
MP invites fuel boss to discuss prices
THE boss of a fuel firm has been invited to the Western Isles to discuss concerns about prices.
Demand for action as power bills continue to go up
Energy companies and consumer groups are being urged to take action to minimise the impact of power bill rises on customers.
Petrofac in Middle East joint venture
International oil and gas facilities service provider Petrofac has announced a joint venture based in the Middle East.
Smart Metering confident of growth
Scottish gas service firm Smart Metering Systems said yesterday it was confident of further growth after profits more than doubled.
Chinese set their sights on BG Group
CHINESE predators are said to be circling the Brazilian assets of energy company BG Group.
Statoil on a four-strong fast track
Norwegian energy giant Statoil has been given approval to go ahead with its plans to develop its Stjerne and Vigdis North-East fields.
GDF Suez may sell stakes to Eni
French energy giant GDF Suez could sell stakes in some North Sea assets to Eni, chief executive Gerard Mestrallet said yesterday.
Lending out to North Sea operators
General Electric (GE) Energy Financial Services said yesterday it had launched a lending programme for North Sea operators.
Anger at soaring cost of gas and fuel
Consumers were dealt a double blow yesterday - with a huge price rise in gas and petrol-pump costs continuing at high levels.
Brent jumps more than 2%
London Brent crude jumped more than 2% to over $115 a barrel today after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece.
World markets buoyed by European rescue plan
A new scheme to inject more dollars into the European financial system helped banking shares lead world markets higher today.
Trap Oil plans North Sea production before 2012
North Sea exploration firm Trap Oil said today that it hoped to start producing in the region by the end of this year.
Chancellor urged by MP to postpone 3p fuel duty increase in January
CHANCELLOR George Osborne was urged last night to follow the expected 5p-a-litre cut in fuel duty in the isles with a freeze in tax on petrol and diesel for everyone.
Cut-price fuel for the isles could be just weeks away
The European Commission has paved the way for the UK Government to launch a cut-price fuel scheme for the islands as early as November 1.