London’s blue-chip FTSE 100 Index fell 106.54 points, or 1.73%, to 6,049.62 as Covid-19 continued to weigh heavily on the world’s leading financial markets today.
The FTSE 100 Index failed to hold on to Monday’s gains today, despite a rally for stocks on Wall Street overnight.
Fast-growing oil and gas technology firm GDi is targeting new business from North Sea operators looking to save cash during and beyond the latest industry downturn.
The FTSE 100 Index edged up a further 822.22 points, or 1.4%, to 5,935.98 today.
Brent crude oil was down about 6.5% at $28.96 per barrel at the London market close despite spending much of today on the advance.
The price of a barrel of Brent crude surged above $30 on Tuesday amid growing hopes that global demand for oil is rising again.
Subsea market intelligence and consultancy firm Archer Knight is planning a £1 million cash for equity fundraiser.
The FTSE 100 started the week slightly in negative territory but oil prices were up amid hopes new production cuts can reduce a massive global oversupply.
Brent crude oil was up by nearly 8% to $26.16 per barrel by the London market close today.
Brent crude oil was up by 7.3% at $24.4 per barrel, as of 6pm.
Share price growth for oil majors BP and Shell boosted the FTSE 100 yesterday, with London’s blue-chip index rising 111.1 points, or more than 1.9%, to 5,958.5.
European markets started the week in positive territory, with all the leading financial indices enjoying gains yesterday.
Brent crude had edged up just over 1% to $21.55 a barrel by the London market close today, making it three days of gains on the trot in a historic week for oil prices.
The price of Brent crude has continued to recover today after the oil price rout of earlier this week.
Brent oil enjoyed a better day on the markets on Wednesday despite warnings a barrel of the crude may become “cheaper than a latte”.
The world’s two leading oil price benchmarks suffered contrasting fortunes today amid ongoing supply and demand fears.
Brude crude oil prices were up nearly 2% at $33.49 a barrel by the London market close today as traders awaited news of a much-anticipated global production cut.
The annual Offshore Technology Conference (OTC) in the US has become the latest business event casualty of the Covid-19 pandemic.
Energy services giant Wood has announced the sale of its industrial services business to technical services provider Kaefer.
Oilfield equipment firm Enerquip has unveiled a £1 million expansion to cope with growing demand for its products and services.
With global climate change protests, declarations of climate emergency and the media hype around Greta Thunberg, there is every likelihood of some sort of attempt by protestors to target Offshore Europe and hi-jack the headlines with their agenda.
Climate change protestors may target this week’s SPE Offshore Europe event as the sector faces a “tobacco industry moment”, it was claimed last night.
There is a new boss at the helm of Scottish subsea robotics company Rovop today following a sudden change at the top.
The scale of Aberdeen's North Sea bounty over several decades is revealed in the latest Sunday Times Rich List.
An Aberdeen firm delivering vital services and supplies to the global offshore oil and gas industry said yesterday a new contract with Spirit Energy could be worth £21 million over seven years.