Offshore leak on Cormorant Alpha contributes to Taqa’s 70% profit slump
Energy giant Taqa said yesterday an oil leak at its Cormorant Alpha platform in the North Sea had contributed to a 70% slump in profits.
pre-tax profits
Chevron’s earnings tumble 15%
Oil and gas company Chevron said yesterday its pre-tax profits fell 15% year-on-year to £6.6billion for the first quarter of 2013.
African wins worth £158m
Wood Group announced yesterday that it had secured 11 new contracts in Africa worth around £158million.
Well expert unfazed by profit slump
The UK well-intervention arm of oilfield service business Aker Solutions has reported a drop in profits, despite rising demand at home and abroad.
Mixed day in the City for oil and gas firms
Renewed fears of a triple-dip recession failed to hold back progress on the London market today as the FTSE 100 Index edged further above the 6,500 barrier.
Weir pumped up by miners
Scottish engineering firm Weir Group reported a jump in turnover and profits yesterday, thanks to demand for its pumps from mining companies.
BP and Shell shares both fall
London's blue chip share index made further gains today as it continued its return to form after Monday's 100-point slump.
Energy-sector demand helps CHC profit revival
North Sea helicopter operator CHC Scotia said yesterday that rising oil and gas activity had helped it to record an 11% increase in turnover and return to the black.
Hydrasun sees rise in revenues
Aberdeen-based Hydrasun saw a jump in turnover to £84.24million during the year to March 31, 2012 - up from £64.65million in 2010-11.
Tullow Oil shares bounce back
The FTSE 100 Index closed at its highest level since March today as traders bet on more stimulus measures to help the US economy.
Cairn Energy shares among risers, Bridge Energy falls
Uncertainty over progress between Democrats and Republicans in finding a solution to the pending US fiscal cliff hit London's leading shares index today.
Ecosse climbs into profit after surge in turnover
An Aberdeen subsea business said yesterday it had more than doubled turnover and was targeting further growth.
Plexus making major inroads
Oilfield technology firm Plexus Holdings says it expects to benefit from the energy industry's move into "ever-more-complex environments".
Hunting geared up for strong year
Oil service firm Hunting said yesterday it expected growing momentum in North Sea activity to contribute to another strong year for the company.
SSE shares among risers, Xcite and Cairn fall
The FTSE 100 Index continued its poor performance today and closed down 24.1 points at 5,719.5 as hopes the US Federal Reserve would signal more stimulus measures tomorrow continued to fade.
Rig operator in profit
Awilco Drilling made pre-tax profits of £3.64million during the three months to June 30, the Aberdeenshire-based rig operator's latest accounts show, against losses of £12.36million a year earlier.
Dana profits £467m
Aberdeen-based Dana Petroleum had pre-tax profits of £467million in 2011 -- the first full year in which it was owned by Korean national oil firm KNOC.
BG Group among biggest Footsie fallers on bad day for markets
Increased speculation that Spain will be forced to take an EU bailout and fresh worries over China's growth saw the London market close deep in the red today.
Premier shareholders on warpath at AGM
Premier Oil and SIG yesterday joined the growing list of companies suffering unrest at their annual meetings.
Kuwaitis end talks on oil and gas takeover
The national oil company of Kuwait has walked away from takeover talks with North Sea-focused oil and gas explorer Ithaca Energy, a report in the Middle East has said.
Apache sees North Sea production rise
US oil firm Apache today announced a jump in its North Sea production.
BP shares among biggest fallers after profits drop
Banks led a rally on London's leading shares index today after Lloyds Banking Group's first quarter trading update cheered investors.
Faroe bosses’ pay boost
Faroe Petroleum chief executive Graham Stewart earned pay, bonus and other benefits worth £628,000 in 2011, up from £571,000 the year before, the Aberdeen oil company's latest annual report shows.
Rothes biomass plant still on track, says Helius
Helius Energy said its Rothes biomass processing plant was still on track and revealed yesterday it had moved into the black. The renewable-energy firm is developing the Moray project as part of a joint venture with the Combination of Rothes Distillers (CoRDe) group and said it was on schedule to start operations in the second half of this year.
Xcite shares rise but Weir among biggest fallers
Hope that more stimulus measures would be ordered to boost the world's biggest economy helped lift London's leading shares index through the 5,900 mark today.