Results hit by Elgin leak
French oil and gas group Total’s first-quarter turnover was down 6% to £40.6billion, although this was broadly in line with market expectations.
net profits
Net profits jump 20% at Centrica’s upstream operations
UK energy firm Centrica said yesterday net profits at its gas and oil production business rose 20% to £919million last year, thanks to an increase in production and higher output prices.
Taqa takes North Sea tax hit
Oil operator Taqa said yesterday a restriction on tax relief in the North Sea contributed to a fall in profits last year.
BP profits down as recovery from US disaster continues
Oil giant BP said yesterday its profits were down by one-fifth last year after its sale of assets progressed ahead of schedule.
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.
Petrofac’s plans for Greater Stella area picking up pace
Petrofac said yesterday its plans for the Greater Stella area of the North Sea should soon be ready to move to the next stage.
Market comment: Earnings better than rival Shell’s for first time in a year
BP narrowly exceeded earnings expectations in the fourth quarter of 2011, with a 14% rise in adjusted net profits to £4.8billion, compared with £3.5billion for the corresponding three months in 2010.
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.
Energy firm TAQA sees its revenues dip this year
ABU Dhabi National Energy Company (TAQA), said yesterday it had recorded total revenues of £2.04billion for the first nine months of 2009 compared to revenues of £2.14billion a year earlier.
Baker’s profits plummet amid oil and gas slump
US OILFIELD service group Baker Hughes posted third-quarter results yesterday and said activities in the UK North Sea were among operations seeing the sharpest decline in revenue.
Oil giant planning job cuts of 15%
Royal Dutch Shell is planning job cuts of about 15% in its core exploration and production business, according to a report released yesterday.
Consultancy EC Harris seeks office in Aberdeen
INTERNATIONAL consultancy EC Harris is seeking premises for an office in Aberdeen for its oil and gas arm.
Petrofac hopes to land work worth £5bn-plus
Petrofac, a global provider of facility services to the oil and gas production and processing industry, said yesterday it was bidding on major contracts worth more than £5billion.