Xcite give full year results
Aberdeen-based oil and gas explorer Xcite Energy has moved back into the black, thanks to gains on foreign-exchange rates.
pre-tax profits
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.
Consultant ‘on course for stellar year’
Oil and gas engineering consultant Optimus (Aberdeen) said yesterday it was on course for a stellar year after beating all its targets for 2011.
Profits soar at Bond Offshore
NORTH Sea helicopter operator Bond Offshore Helicopters (BOH) saw profits climb 86% during the year leading up to a takeover of its parent, figures showed yesterday.
Premier Oil shares among risers but Wood Group, Amec and BG fall
Banking shares fell sharply today after the European Central Bank dashed hopes it would take a bigger role in tackling the region's debt crisis.
Substantial increase in Senergy’s business
Energy service company Senergy, of Aberdeen, said yesterday it had seen a substantial increase in business, particularly in Europe, the Middle East and Africa.
Aberdeen Asset Management gains 4.7%
INVESTORS shrugged off a gloomy economic assessment from the OECD yesterday as optimism surrounding moves to stem the eurozone debt crisis pushed markets higher.
Glasgow office for Xodus
Aberdeen-based energy consultant Xodus Group said yesterday it had invested £1.5million to open a new office in Glasgow. It will initially employ 20 people, rising to 45 next year.
Profits slump 34% at Maersk group
Danish shipping and oil group Maersk said today sales rose 9% in its third quarter on higher oil prices and container volumes.
Optimus staff to share first dividend payout
EMPLOYEE-OWNED Aberdeen company Optimus Projects has announced its first dividend.
Growth strategy paying off for First Oil Expro
FIRST Oil Expro, part of multimillionaire Aberdeen businessman Ian Suttie's First Oil group, saw its pre-tax profits jump to £12.16million in the year to April 30, from £10.46million the year before, according to latest accounts released by Companies House.
Statoil: production, profits and revenues up
Norwegian oil firm Statoil today bucked declining production trends, posting a 14% increase in its output in the third quarter.
Technip eyes more opportunities as profits keep rising
The high oil price is driving upstream investments in the energy sector, the boss of a major engineering and construction firm to the industry said today.
Shell reports 133% rise in profits
Oil giant Royal Dutch Shell said today higher oil prices and its own performance helped it to more than double third-quarter profits.
ConocoPhillips benefits from higher oil prices
US oil and gas group ConocoPhillips said today the UK Government's North Sea tax grab had cost it an additional £68million in taxes.
Xodus reveals leap in profits
Aberdeen-based engineering consultant Xodus Group made pre-tax profits of just over £5million last year, a big jump on the previous year's £1.1million.
Smart Metering confident of growth
Scottish gas service firm Smart Metering Systems said yesterday it was confident of further growth after profits more than doubled.
Premier Oil aims for 100,000 barrels
PREMIER Oil said yesterday an anticipated stronger performance in the North Sea would help it on its way to a medium-term output target of 100,000 barrels of oil equivalent (boe) per day.
Oilwell expert in black again
RESULTS for oilwell construction technology business Caledus released yesterday revealed it moved back into the black during 2010.
Centrica reports profit dip as energy bills soar
Energy company Centrica reported a large drop in profits yesterday amid a continuing furore over rising electricity and gas bills.
Shell forecasts extra £366m tax hit
Royal Dutch Shell said yesterday that Chancellor George Osborne's £10billion raid on North Sea operators would add £366million to its tax bill by the end of next year.
Shell benefiting from production lift
Royal Dutch Shell said yesterday its profits jumped in the third quarter after it benefited from higher oil prices and a 5% rise in production.
Increased awareness of Plexus wellhead gear
PLEXUS Holdings, an Aberdeen-based oil and gas engineering service business, said yesterday there was increasing industry awareness of the benefits of its proprietary POS-GRIP wellhead equipment following events in the Gulf of Mexico.
Cairn Energy back in pioneering mode with Greenland campaign
Scottish oil explorer Cairn Energy was in pioneering mode again as set its sights fully on Greenland, chief executive Sir Bill Gammell said yesterday.
Petrofac peaks after strong half-year showing
Oil and gas facility service provider Petrofac saw its FTSE-100 listed shares touch a record high of £14.28 yesterday after it posted a strong set of interim results.