Landsdowne extends term of its loan note
Landsdowne Oil & Gas said it has extended the term of its senior secured loan note by an additional six months.
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FTSE 100 edges higher as oil prices rise up over $40
Insurance giant Prudential was on the front foot thanks to cheer over its annual results, but outsourcing giant G4S suffered hefty share losses after revealing slumping profits.
Abu Dhabi stocks enter bull market as oil spurs Mideast rally
Abu Dhabi stocks entered a bull market, leading Mideast gauges higher, as rising oil prices added to growing bullish sentiment across global equities.
London Stock Exchange profits jump boosts FTSE 100 index
Top flight shares looked like ending the week on the up, as takeover target the London Stock Exchange (LSE) saw its full-year profits surge. The British bourse said adjusted pre-tax profits climbed 31% to £643.4 million, up from £491.7 million in 2014, adding that its £20 billion merger talks with Germany’s Deutsche Borse were making “excellent progress”.
Tullow Oil shares drop 11% over Ghana FPSO issues
Tullow Oil shares slumped by over 11% yesterday after it revealed potential issues with its FPSO in Ghana.
Teekay reports fourth quarter income
Teekay Corporation reported fourth-quarter net income of $38.2 million, after reporting a loss in the same period a year earlier.
FTSE 100 surges ahead on higher oil prices
The FTSE 100 Index has surged ahead as higher oil prices and a rally led by miners put it on course for its fourth day of gains in a row.
Energy XXI chooses not to make interest payment
Energy XXI said it has chosen not to make an interest payment due due today as it continues to hold talks with its debtholders related to alternative to improve its capital structure.
Sembcorp Marine surges on talk of potential privatization
Sembcorp Marine Ltd., which posted its first loss in more than a decade in the fourth quarter, saw its shares jump by the most in nearly a month amid talk that the company could be taken private.
FTSE 100 index rallies thanks to rising oil price
London’s top flight index rallied, as the rising oil price helped the market bounce back from Thursday’s three-and-a-half year low. The FTSE 100 Index rose 1.7% or 97 points to 5634.6, as oil stocks rose sharply on the back of a near 5% growth in the price of Brent crude.
Cenovus to sell up to $5billion of stock, debt or other securities
Canadian oil producer Cenovus Energy said it may sell up to $5billion of stock, debt or other securities.
Zennor Petroleum pushes ahead with North Sea exploration
An unusually cash rich oil and gas company is pressing ahead with North Sea exploration in the face of low oil prices and a decade of drilling decline.
Frontera Resource signs MOU with Naftogaz
Frontera Resource has signed an MOU (Memorandum of Understanding) with Ukraine’s pubic joint stock company.
Premier Oil’s shares to resume on London Stock Exchange
Premier Oil’s shares will resume trading on the London Stock Exchange after reaching a deal with E.ON for its North Sea assets.
Oil stocks continue rise on stock exchange
The Footsie climbed, as Sky said that James Murdoch will return to the broadcaster as chairman, almost four years after his resignation in the wake of the phone-hacking scandal.
Hess to cut capital spending and production by 40%
Hess Corp. said it will cut capital spending on exploration and production this year 40 percent from 2015 to $2.4 billion on low oil prices.
London stocks down amid worry over weak world growth
European stock markets opened lower following steep overnight losses in Asia, amid concerns over sliding oil prices and slowing world growth. In London, the FTSE 100 Index fell just under 1%, or 52.3 points to 5826.2, after China’s Shanghai Composite tumbled more than 6% as traders also worried over easing growth in the world’s second largest economy.
Chevron to sell 75% of its South African unit
Oil major Chevron said it plans to sell 75% of its South African business unit.
FTSE creeps higher as oil prices tumble
The Footsie struggled for direction as oil started the week with a fall in prices. The FTSE 100 Index rose 2.7 points to 5902.3, after Brent Crude tumbled by almost a dollar to $31.34.
FTSE opens higher at end of turbulent week
The London market opened sharply higher this morning, building on strong gains in the previous session after a turbulent week. The FTSE 100 Index was up 102.1 points to 5875.3, following positive overnight trading in Asian markets and a rise in oil prices.
APR Energy to delist from LSE next month
APR Energy has requested it be delisted from the UK Listing Authority and the London Stock Exchange.
FTSE 100 index falls as oil price slumps
The Footsie closed down as falling oil prices kept global markets under pressure, but Tesco shares surged after it revealed better-than-expected Christmas trading.
Goodrich Petroleum to have stocks delisted from NYSE
Goodrich Petroleum said it has received notification from the NYSE (New York Stock Exchange) that proceedings have been commenced to delist the company’s common stocks.
Opinion: The disappearing oil price formula
In the first 7 days of 2016, the S&P GSCI Crude Oil Excess Return lost 17.8%, making it the worst start for oil in history. Now the index has recorded a new maximum drawdown of 92.8% since its peak on July 3, 2008.
Saudi Aramco confirms it’s studying a potential share sale
Saudi Arabian Oil Co., the world’s biggest crude oil producer, confirmed it is considering a potential initial public offering. The company, known as Aramco, is studying whether to list “an appropriate percentage” of shares of the parent or a bundle of “downstream” units, according to an e-mailed statement Friday. Once the review of these various options is complete, the findings will be presented to the company’s board of directors, which will make recommendations to Aramco’s Supreme Council.