More detail ‘when time is right’ on Petrofac cash plans
Petrofac is considering sales on non-core parts of the business as part of its bid to improve cash flow.
share price
Hurricane Energy shares drop 25% as Lancaster field approaches ‘bubble point’
Hurricane Energy (LON: HUR) shares have dropped by 25% after announcing it expects to reach the production “bubble point” at its flagship Lancaster field as early as the first quarter of next year.
North Sea firms see shares jump on oil price rally
North Sea operators including Shell, BP, EnQuest and Premier Oil have all seen their shares jump in light of the oil price rally.
Investors going ‘bargain hunting’ for BP and Shell shares
Investors are going “bargain hunting” for shares in Shell and BP after their stock values each hit 25-year lows.
FTSE nudges up, Brent crude nears $45
The FTSE 100 Index eked out a gain of 8.21 points, or 0.13%, to 6,269.73 today, as traders continued to show caution despite recent progress towards a vaccine for Covid-19.
North Sea firms see shares slide as FTSE 100 closes deeply in the red
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
Sasol tries to stem its share price bleeding
Sasol’s share price has declined by more than 80% since the beginning of the year, with the company saying it would accelerate efforts to cut costs and sell assets.
Transocean reveals new details of Hurricane Energy contract
Transocean has revealed new details of its contract with Hurricane Energy for work in the west of Shetland.
‘Knee-jerk reaction’ from investors led to Hurricane Energy’s 20% share price slide
A “knee-jerk” reaction from investors to a combination of factors including recent results, Brexit and the coronavirus have been blamed for a 20% slide in Hurricane Energy’s share price.
Hurricane Energy ‘not aware of any operational reasons’ for 20% drop in share price
Hurricane Energy has insisted it is “not aware of any subsurface, operational or commercial reasons” for a steep decline in its share price in the last week.
Shell shares rocket in response to reinstatement of cash dividend
Shares in Royal Dutch Shell shot to the top of the FTSE 100 after the oil giant announced it was restoring its cash dividends after more than two years in the latest sign that the industry is emerging from an extended slump.
Marathon shares enjoy jump following Payrock acquisition
Marathon Oil saw its shares jump more than 3% following the announcement it had acquired PayRock Energy Holdings LLC for $888 million. Shares of Marathon Oil gained 3.2% to $13.58 premarket.
Centrica stock holds steady – despite Engie deal falling through
Centrica's shares held steady today despite a deal with Engie fell through just weeks before its fundraising bid according to reports.
BP earnings taken well by its battle hardened shareholders
Having seen the price of oil collapse by 75% in an 18-month period and BP suffer a $5.2bn loss, the reaction of the major oil company’s shareholders to certain events over the past few months suggests they have developed a somewhat battle-hardened mentality.
BP gets shares lift as investors see better than expected results
BP raced ahead as investors cheered better-than-expected results despite the energy giant booking hefty losses caused by stubbornly low oil prices.
Intelligent Energy hit after funding plan falls through
Intelligent Energy shares plunged today after the company admitted a new funding deal has failed to materialise.
Shell’s stocks slide after oil major reports poor earnings
Shell's shares dropped 4% after the update amid wider falls on the London market as the oil price slump continues to hit stocks.
Noble Group shares continue to fall
Energy commodities giant Noble Group extended its biggest monthly drop in 16 years after the Singapore bourse issued a warning on the company’s shares amid a slump in commodity prices.