Aberdeen-based Centurion reveals ‘record’ year of buying non-oil and gas firms
The rentals specialist plans to keep buying more businesses around the globe in "critical industries" in "complex, challenging and remote locations".
annual results
Harbour Energy CEO Linda Cook takes home multi-million-pound pay package
The CEO of Harbour Energy (LON: HBR), the UK’s largest oil and gas producer, earned an overall pay package of £2.4m last year, new figures have revealed.
Aberdeen-based Parkmead’s revenue up 140% from previous year
The Aberdeen headquartered Parkmead Group (LON: PMG) has announced that in the last six months of 2022 revenues were up 140% compared to the previous year.
Firms to delay results due to virus
The Financial Conduct Authority has asked companies due to announce annual results to delay publication because of the coronavirus.
Nighthawk Energy slumps to big annual loss of $72million
Nighthawk Energy, the UK listed, American focused independent producer blamed falling production and low prices for its $72million loss for the financial year.
Wintershall profit slumps by more than 400m euros
German energy firm Wintershall said expects lower sales and earnings in 2016 after being hit in 2015 by a sharp oil price decline that squeezed revenues in its exploration business.
Amerisur pins hopes on pipeline to reverse 2015 loss
Amerisur Resources, the oil and gas producer and explorer focused on South America, recorded a pre-tax loss in 2015 of $25million, compared to a $47million profit the year before.
Rosneft reports increased profit, but revenue declines
Rosneft, the Russian oil producer, has increased its net profit by 2% to $5.2billion (355billion roubles).
CNOOC surprises analysts despite income plunge
China’s biggest offshore oil and gas explorer, CNOOC, posted annual profit that exceeded analyst estimates as cost cuts countered a decline in energy prices.
Inspired Energy increases earnings in 2015
Inspired Energy increased pretax profit and revenue in 2015 through organic growth and acquisitions.
JKX results hit by falling production and oil price
JKX Oil & Gas has recorded wider losses after the low oil price hit revenue and production fell.
Gulfsands commits to Syria as it posts $69.2million loss
Gulfsands Petroleum has said it remains committed to its Syrian assets, despite operations being suspended due to EU sanctions and the ongoing civil war.
Seadrill in survival mode as it deploys debt plan
Seadrill Ltd. is accepting lower and lower rates for its offshore drilling rigs to survive the worst slump since the 1980s as it deploys a plan to address the heaviest debt-load in the industry.
Apache slashes spending by more than 60%
Apache Corp cut its annual capital budget by nearly two-thirds and reported a quarterly loss smaller than analysts had expected as its costs fell.
Repsol cuts dividend a crude slump casts doubt on Talisman deal
Repsol cut its dividend for the first time since 2009 as its acquisition of Talisman Energy turned sour amid the crude-market rout.
Technip’s Pilenko says recovery still at least a year away
Technip chief executive Thierry Pilenko does not expect business from oil and gas clients to pick up for at least a year but said its strong backlog and cash flow have helped it resist the worst of the oil market rout.
Premier Oil’s losses widen to $829million in 2015
Premier Oil reported a pre-tax loss of $829.6million - up from $362.5million the previous year, as it became the latest producer to be hit by the low oil price.
Petrofac shares surge on record order book
Petrofac shares surged ahead today after the company said its order book stood at record levels of $20.7billion.
MOL Group reports $1.6billion loss
Hungarian energy group Mol said it will scale back investment and target lower earnings after plunging oil prices caused a revaluation of its assets and led to a fourth-quarter loss.
Weir Group warns of challenging year as it lists £199.8million loss
Scottish engineering firm Weir Group has warned 2016 would be "another challenging year" as it reported a substantial pretax loss in 201.
Petrofac profits battered by Laggan Tormore and oil slump
Petrofac profits have been hit by a double whammy of low oil prices and accounting for a loss from its Shetland Islands project.
Elgin-Franklin platform may restart output next month
A North Sea platform which has been shut down for nearly a year after a gas leak could restart production by the end of next month, it was confirmed yesterday.
Beryl sale completed
US oil and gas operator Hess said yesterday it completed the sale to Shell of its stakes in the North Sea Beryl area fields earlier this month.
BP share boost fails to stop FTSE 100 decline
HSBC was among the biggest losers in the FTSE 100 Index today after its £13.8billion profits haul failed to impress investors.
Footsie down slightly amid worries for Greece
The FTSE 100 Index slid 1.9 points to 5,890.3 today as uncertainty over the outcome of talks between Greece and its creditors saw traders ditch riskier stocks and move to more defensive investments