Xcite slides despite well update
Xcite Energy's shares slumped more than 17% yesterday despite the Aberdeen-based heavy-oil explorer celebrating better-than-expected well-test results from its Bentley field.
next phase
Element of profit taking behind slump after recent rise
The ongoing rollercoaster that is Xcite Energy certainly continued its exciting tale yesterday.
Dart International planning AIM listing
Australian coal bed methane firm Dart Energy has announced plans to launch its international business on the Alternative Investment Market.
‘Almost £3bn’ invested in Scots projects
Nearly £3billion has been invested in renewable-energy projects in Scotland in less than four years, according to an industry body.
The Footsie falls despite good news in US
More positive signs from the US failed to lift London's leading shares index today as fears over the eurozone and a credit agency warning to banks rattled investors.
Ferguson announces promotions to board
Ferguson Group, a specialist in the rental of containers and modules to the global offshore energy sector, has promoted the chairmen of two of its subsidiaries to its main board.
Lessons must be learned after helicopter tragedy
LESSONS must be learned in the wake of the North Sea helicopter crash that left 16 people dead, MSPs said yesterday.
Cladhan confidence boost for EnCore
Shares in EnCore Oil jumped nearly 6% yesterday after the energy firm said it was confident of significant oil on a commercial scale on the Cladhan discovery.
Titan Torque Services targets strong growth
TITAN Torque Services has appointed a director of business development to lead its next phase of growth in the North Sea market and internationally.
Xcite Energy buoyed by Bentley field’s potential
Xcite Energy, the heavy oil and UK North Sea-focused company, said yesterday it was planning for the next phase in development of the Bentley oil field in block 9/3b south-east of Shetland.
BP finalises agreement over structure of Russian venture
OIL major BP said yesterday it had finalised the revision of the shareholder agreement with its Russian joint-venture partners in Russia's third-largest oil company TNK-BP.