Oil and gas service investment fund Epi-V has secured £50million of capital from mid-market private equity firm LDC, taking the total amount raised by the team to £110million.
OIL explorer Xcite said yesterday it had seen important progress on its plans for the development of the UK North Sea Bentley field during the second quarter.
US OIL giant Chevron posted a 43% jump in quarterly profits yesterday on the back of higher prices for crude and refined products.
GERMAN industrial-machinery manufacturer Siemens - which has a gas-turbine service centre in Aberdeen - saw net profits fall sharply during the three months to June 30.
Offshore container manufacturer and supplier OEG Offshore (OEG), of Aberdeen, has been awarded a £100,000 contract to provide containers for worldwide use for American deepwater drilling contractor Diamond Offshore.
Oil giant Royal Dutch Shell became the latest energy major to report a sharp increase in second-quarter profits on the back of high oil prices.
ENERGY service group Technip raised its full-year outlook yesterday, saying it had benefited from increased spending by oil and gas companies to tap new reserves.
TALISMAN Energy reported increased profits but revised down its annual production estimate yesterday as it revealed the UK North Sea tax rise would cost it £25million.
Tullow Oil completed its first day trading on Ghana's Stock Exchange yesterday, more than doubling the entire market capitalisation of the exchange.
Oil and gas firm Sterling Resources said yesterday it was to raise up to £31.5million through a share issue.
Scottish oil firm Cairn Energy's Indian subsidiary has reported a near-ninefold jump in quarterly profits after output climbed.
Oil and gas operator BG Group yesterday revealed a near-£200million tax hit as a result of this year's controversial North Sea tax grab.
BP CHIEF executive Bob Dudley said there was a need for realistic patience after the oil and gas giant struggled to impress investors with its long-term plans yesterday.
Banchory-based Sterling Resources has been given official approval to develop its first large-scale venture, marking a major milestone in the oil and gas explorer's growth.
OIL major BP will announce its second-quarter results on Tuesday.
PETROFAC, the global oil and gas engineering and facility-management group, reports its annual results on Monday with revenue expected to be about £2.31billion and pre-tax profits £260-£270million.