Chance to get involved in Iraq energy sector
A new initiative to help north-east energy companies explore business opportunities in Iraq has been announced by Aberdeen City Council.
A new initiative to help north-east energy companies explore business opportunities in Iraq has been announced by Aberdeen City Council.
Shares in oil and gas explorer Desire Petroleum fell 11% to 19p today after it said it was continuing to look for finance to restart its drilling campaign.
ENERGY giant Centrica hosted a presentation to investors on its British Gas unit and the said the meeting was described as "reassuring".
London's leading index ended another volatile week deep in the red again as Britain's biggest banks wobbled ahead of a key report on sector reform.
Barclays Corporate oil and gas team announced today it had provided funding for global energy deals amounting to £782million so far this year.
Elaine Maslin
OIL and gas logistics firm Asco has won a £1.1million contract with Statoil for work related to its Gudrun development in the Norwegian North Sea.
THE FTSE 100 index continued its rebound yesterday as positive job and manufacturing data from America caused a last-minute push into the black.
Cosalt said yesterday it was ready for a fresh start after clearing most of its debts and recruiting a new senior management team.
VALIANT Petroleum said yesterday the next 18 months had the potential to create a "step change" for the business as it announced strong first-half results.
ABERDEEN oil and gas engineering service firm Plexus Holdings has said it has agreed a £2million framework deal with a subsidiary of Transocean.
BP has completed its £4.42billion acquisition of a 30% stake in 21 oil and gas production sharing contracts operated by Reliance Industries in India.
Russia's Rosneft and US oil major ExxonMobil today signed a strategic deal to jointly develop oil in the Russian Arctic.
THE deepening of the eurozone crisis and fears for the US economy sent world stock markets into retreat in late July and this continued into early August with the FTSE 100 dropping almost 1,000 points to its lowest level for over a year.
A global asset-management fund has upped its holdings in energy service firm Wood Group to 18.02%.
TROUBLED Norwegian floating production specialist Sevan Marine said yesterday costs had increased again on a project for E.On Ruhrgas in the UK North Sea.
ITHACA Energy said yesterday a slump in production which helped to halve sales was disappointing, but had not set the firm back.
INTERNATIONAL oil and gas logistics group Asco is looking for new investment so it can double the size of the business in five years.
INTERNATIONAL engineering and project-management company Amec has seen a resurgence in activity in the North Sea.
ENERGY service giant Wood Group is to continue looking at future acquisitions after posting a near-50% jump in profits in the first half.
MARINE service group James Fisher and Sons said yesterday its offshore oil business grew profits by 26% during the first half of 2011.
OFFSHORE container and module manufacturer OEG Offshore said yesterday it had been awarded contracts worth £1.3million with Schlumberger, Schilling Robotic, Sub Atlantic and Halliburton.
BY STEVEN McKAY
PETROFAC has announced a £300million-plus investment in Mexico after state oil monopoly Pemex awarded its first oilfield operating contracts.
RUSSIAN oil producer TNK-BP said yesterday it signed a £900million-plus loan with a group of 10 international banks for general corporate purposes.