Fuel prices hit by biggest weekly rise in five years
Motorists have been hit by the biggest weekly rise in fuel prices for more than five years.
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Renewable firm strikes agreement for Northern Ireland biomass plant
An agreement has been struck between REACT and several parties to potentially fund the repowering of a 4MW biomass gasification project in Northern Ireland.
Solstad and Rem Offshore merger gets approval
A potential merger between Solstad and Rem Offshore has been approved.
Altus figures are down but the company hails a “resilient” trading performance
North-east oil and gas services firm Altus Intervention has hailed its “resilient” performance in a troubled global market.
Sound Energy, PetroMaroc revise deal on stock price surge
Sound Energy said it has made changes to its agreement with PetroMaroc for the acquisition of a 50% stake in interest in three onshore gas permits in Morocco.
JKX in $1.4m repurchase of bonds
JKX Oil & Gas has confirmed a repurchase by the company of $1.4million in outstanding convertible bonds.
India to partly fund $2bn gas pipeline project
India's government said it will partly fund a $2billion gas pipeline project linking five eastern states.
Asia’s second richest man takes legal action against Goldman Sachs over gas company
Asia’s second richest man has taken legal action against Goldman Sachs over $15.9million which was allegedly incorrectly charged related to his takeover of an Australian gas company.
Enbridge to buy Spectra Energy in $28bn all-stock deal
Enbridge Inc. will buy Spectra Energy Corp. in a $28 billion stock-for-stock transaction that will create the largest energy pipeline and storage company in North America, the companies said in a statement Tuesday.
Q&A: Saudi stock market steps up bid for foreign cash
For the second time in 15 months, Saudi Arabia is loosening rules on foreigners investing in its almost $400 billion Tadawul Stock Exchange. The goal is to lure funds from overseas as the kingdom overhauls its economy to cut its dependence on oil revenue. Greater access for international investors may boost the chances of Saudi stocks being included in major emerging-markets equity indexes, potentially luring billions of dollars more.
GIP said to be in talks to buy $4.5bn stake in Gas Natural
Global Infrastructure Partners is in preliminary discussions to acquire a stake in Spain’s Gas Natural SDG SA, according to people familiar with the matter.
Gulf Keystone Petroleum offers shares to raise $25m
Gulf Keystone Petroleum said it has launched a new open offer as it looks to raise up to $25million.
Statoil said to be considering up to 250 job cuts
Statoil could reduce up to 250 positions from its operations in Norway, according to reports.
Key Energy plans bankruptcy filing after reaching debt pact
Key Energy Services Inc. plans to file for bankruptcy protection by November after its creditors sign off on a restructuring plan that would give bondholders control of the Texas company.
Oil drillers bring back rigs in longest streak since 2014
U.S. oil producers added rigs for the seventh week in a row, the longest period of expansion since the final days of the drilling boom in early 2014.
Chesapeake Energy raises asset sales target
Chesapeake Energy said it has raised its asset sales target and its production forecast for the year.
Irving Oil agrees to buy Ireland’s only refinery from Phillips 66
Irving Oil has agreed to buy Ireland's only refinery from Phillips 66.
Idemitsu family bought shares in Showa Shell to block takeover
The founding family of Idemitsu Kosan Co has bought 400,000 shares in Showa Shell Sekiyu KK, enough to be able to force a tender offer bid for its rival, in the hope of blocking management's takeover plan, the family's lawyer said.
Citi sees oil bears ‘gone wild’ at $40 as disruptions to persist
While oil bears go “wild” at crude’s retreat to $40 a barrel, there’s some comfort on the way for the bulls, according to Citigroup Inc.
Noble Group tumbles in Singapore, triggering exchange query
Noble Group Ltd., the embattled commodities trader raising about $500 million in a rights issue, received a query from the Singapore exchange over trading of its shares as the stock plunged to the lowest level since 2003.
Oil holds biggest monthly loss in year as US adds drill rigs
Oil held its biggest monthly decline in a year as U.S. producers increased drilling for a fifth week amid a glut of crude and fuel supplies that are at the highest seasonal level in at least two decades.
SSE loses 50,000 energy customers amid intense competition
Energy giant SSE revealed it lost another 50,000 gas and electricity accounts as small suppliers continue to put their Big Six rivals under pressure.
Aker Capital blocks Rem Offshore’s restructuring bid
Aker Capital has decided to veto Rem Offshore's refinancing of its REM04PRO bond issue.
Firms wound down after probe into oil well investments
Investors who forked out at least £1.5million on “dubious” savings products linked to Texan oil wells are not expected to get their money back.
Oil falls amid warnings of retreat to $40 on weaker demand
Oil fell amid a growing number of predictions that prices may slide toward $40 a barrel as consumption falters and supply disruptions end.