Exploration: Oil finds in Greater Edvard Grieg area
Westwood Global Energy reports that there were five active exploration wells and two active appraisal wells as of June 25. Since the last report, six wells have spudded and four have completed.
market info
16 exploration well projects completed
Westwood Global Energy reports that there were three active exploration wells at the time of writing(April 30).
Scot Gov has chance to “transform” energy sector
The Scottish Government has the opportunity to “transform" the energy sector, according to a group of industry experts.
New Year to be just as rocky after markets ride out bumpy 2016
Stock markets worldwide rode out a tumultuous 2016 after a barrage of political shocks and experts are warning the year ahead will be every bit as volatile and unpredictable.
World’s most reliable stock trade sparks race for 360% gains
To have a shot at the global stock market’s closest thing to a guaranteed windfall, you’re going to need a really accurate clock.
FTSE 100 index drops slightly as inflation remains at 0.6%
Sterling moved erratically and the FTSE 100 remained in negative territory following inflation figures showing consumer prices dodging the effects of a weaker pound in August.
Oil declines before US supply data as investors seek havens
Oil extended declines after falling to a one-week low as investors fled to haven assets including gold and the yen amid renewed concern the UK’s decision to leave the European Union will hinder global growth.
Independent Resources eyes new equity funding
Independent Resources has begun to seek shareholder approval for a reorganisation of its share capital which could lead to the company raising equity funding.
Woodside profit wiped out as chief exec Coleman doubts oil recovery
Woodside Petroleum Ltd. reported a 99 percent decline in full-year profit, its worst result in 13 years, and cast doubt on any recovery this year from the energy price crash that forced it to write down the value of its assets.
London stocks fall amid price fears
The London market tumbled this morning due to fears over low oil prices, though supermarket Tesco saw its shares surge after better-than-expected Christmas trading.
Bank of England expected to keep interest rates at historic low
Bank of England policymakers are expected to keep interest rates at record lows today, in the wake of the increasing likelihood that the UK economy will be shown to have slowed down last year.
Oil extends losses from 12-year low as stockpiles seen expanding
Oil extended declines from the lowest close in more than 12 years before U.S. government data forecast to show crude supplies expanded, exacerbating a global glut.
Morgan Stanley sees $20 a barrel oil on US dollar appreciation
A rapid appreciation of the U.S. dollar may send Brent oil as low as $20 a barrel, according to Morgan Stanley.
Oil extends slide From 11-year low as hedge funds head for exit
Crude extended its slide from an 11-year low, confirming the view of hedge funds that cut bullish price bets to the lowest since 2010.
$30 oil just got closer as Yuan drop highlights China’s turmoil
Turmoil in China’s markets is pushing oil closer to $30 a barrel.
Hungry for more shale oil stock? Pioneer Natural is betting yes
Even after almost $400 billion in oil company market value was wiped out by investors fleeing the crude rout, Pioneer Natural Resources Co. is betting there’s ample demand for more shale-drilling shares.
Eurozone inflation holds steady at low rate of 0.2%
Lower energy costs kept a lid on inflation across the 19-country eurozone economy in December, official figures have shown.
Bristow profits slashed by slump in offshore flights
A slump in demand for North Sea offshore flights has hit Bristow Helicopter’s bottom line although sales were underpinned by its contract to run emergency search and rescue (SAR) services for the British government.
Rocky start to New Year for FTSE after China trading suspended
The Footsie plunged on the first day of New Year trading, weighed by tumbling markets in China and weak UK manufacturing data.
China halted as shares plunge over weak data and Middle East worries
Shanghai’s stock index plunged nearly 7% on Monday, sparking a halt in trading of Chinese shares, after weak manufacturing data and Middle East tensions weighed on Asian markets.
Independent delays £7.1million equity subscription
Independent Oil and Gas, the North Sea focused oil and gas company, is to delay its equity transactions by several weeks.
Technip promises revenue growth in 2015
Technip SA, France’s largest oil engineer, promised revenue and profit growth in 2015 even after the decline in crude prices forced the industry to cut capital spending. “For 2015, based on our record 21 billion-euro ($24 billion) backlog, we are able to give clear guidance for revenue and profit growth,” Chief Executive Officer Thierry Pilenko said. Fourth-quarter adjusted earnings before interest, tax, depreciation and amortization at the Paris-based company rose 21% to 319.2 million euros, beating the 280.2 million-euro average of six analyst estimates compiled by Bloomberg. Revenue advanced 14% to 2.82 billion euros.