FTSE pushes higher as markets wait on Bank’s next move
The London market pushed higher as investors braced themselves for the Bank of England’s next move on interest rates.
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India’s biggest gas importer plans $3bn overseas expansion
India's biggest gas importer Petronet has said it aims to spend up to $3billion in the next five years to expand overseas.
Elk Petroleum draws closer to restructuring deal
Elk Petroleum said the closing of the Grieve CO2 enhanced oil recovery project joint venture restructure as well as a $58million loan facility will occur in the next few weeks.
Tullow slumps on bond issue
Shares in Tullow Oil slumped over 12% yesterday after it revealed plans to raise $300million (£232million) in fresh bond debt.
Global markets plunge as Brexit affect bites back
Global stock markets sunk into the red as last week’s post-Brexit relief rally unravelled while the pound also sunk to fresh 31-year lows against the dollar.
Sterling plunges to new 31-year low on Brexit fears
Sterling plunged to a fresh 31-year low as the Bank of England said it would boost lending by up to £150 billion to help ease the economic pressure caused by the Brexit vote.
MEO Australia strikes deal with Origin for permit
MEO Australia has reached an agreement to assign its 50% interest in the WA-454-P exploration to Origin Energy.
South Africa’s strategic fuel fund offers to buy Chevron’s majority stake in refinery
South Africa's Strategic Fuel Fund has offered to buy Chevron's majority stake in the country's oil refinery in Cape Town as well as other downstream assets.
FTSE 250 suffers Brexit fallout as FTSE 100 bounces back
Despite global markets descending into chaos after Britain’s vote to leave the European Union, the FTSE 100 Index has clawed back all of its post-Brexit losses.
Oil gains in New York ahead of Brexit vote
Oil gained in New York amid volatility in global markets and uncertainty about the U.K. referendum on European Union membership.
Oil patch ‘left for dead’ will spark new IPOs for US explorers
As the oil industry emerges from the biggest bust in three decades, shale drillers in a neglected corner of the biggest US oil field are poised to take a new generation of gushers public.
Pemex, first reserve said to near $500m asset deal
Petroleos Mexicanos and private-equity firm First Reserve Corp. are finalizing terms on a sale and leaseback agreement intended to provide the beleaguered state-owned oil producer with much needed capital, according to two people with knowledge of the discussions.
JDR and Bibby strike framework agreement deal
JDR has signed a framework agreement with Bibby Offshore for cable maintenance activities.
Falling oil price puts commodities under pressure
The London market was teetering on the brink of a four-month low after Wednesday’s bounce-back was scuppered by Brexit fears.
Plexus to tap investors to boost its balance sheet
Aberdeen firm Plexus Holdings is tapping new and existing investors for £6million in order to shore up its balance sheet.
Interocean Marine Services wins Apache North Sea contract
Interocean Marine Services has been awarded a two-year contract with Apache North Sea to support its drilling operations.
Oil Search bets on overcoming price rout in Papua New Guinea
Oil Search Ltd., the energy producer that agreed to acquire fellow Papua New Guinea explorer InterOil Corp. for $2.2 billion, is betting it can overcome a languishing liquefied natural gas market to deliver another export project by beating rivals on costs.
DEA Norway to cut its headcount by half
DEA is to reduce its headcount in Norway, the company have confirmed.
Five African energy projects on track to win $7million cash investment
Five energy projects have been shortlisted for this year's $7million Access Co-Development Facility (ACF).
FTSE 100 up following commodity stocks rally
London’s top flight index was in positive territory as commodity stocks rallied amid rising oil prices and the fading chance of a US interest rate hike in June.
Falling oil price keeps commodity stocks under pressure
The London market remained in negative territory amid investor concern that weak economic data from China could lead to slower global growth.
Mermaid Maritime wins string of subsea contracts worth $11m
Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.
FTSE 100 index opens flat despite strong trading from miners and banks
The London market opened broadly flat, as top flight shares struggled to hold on to gains made earlier this week.
UK Oil & Gas raises £4m for Weald Basin activities
UK Oil & Gas (UKOG) said it has raised £4million through the placing of new ordinary shares in the company.
FTSE 100 index rises slightly as oil price drop hits commodity stocks
London’s top flight index struggled for direction as commodity stocks came under pressure after the strong dollar sparked a drop in the price of oil.